Chinese cities are so broke, they’re cutting medical benefits for seniors
By Laura He, CNN China’s government, strapped for cash after years of enforcing a costly zero-Covid policy, is cutting medical benefits and…
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At least 35 killed after falling into underground stepwell in Indian temple
By Jessie Yeung, Manveena Suri and Vedika Sud, CNN At least 35 people were killed Thursday after falling into a stepwell at a Hindu temple in central…
Continue ReadingUK joins trans-Pacific trade bloc in a deal likely to boost GDP by less than 0.1%
By Michael Rios and Michelle Toh, CNN Britain has reached an agreement to join a major free trade bloc in the Pacific region. The country will become…
Continue ReadingWSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…
Continue ReadingVirgin Orbit, Richard Branson’s rocket company, will lay off 85% of staff
By Jackie Wattles, CNN Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its…
Continue ReadingNews organizations reject Elon Musk’s demand of paying to keep checkmarks on Twitter
By Oliver Darcy, CNN News organizations have a message for Elon Musk: We are not going to pay you for checkmarks on Twitter. The New York Times, Los…
Continue ReadingHyundai and Kia theft trend has reached New York City
By Peter Valdes-Dapena, CNN Business Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was…
Continue ReadingStarbucks shareholders want more information about the company’s anti-union efforts
By Danielle Wiener-Bronner, CNN Starbucks’ investors have voted in favor of an independent review of the company’s aggressive anti-union…
Continue ReadingABC News lays off several senior executives amid broader Disney cost-cutting in ‘shock’ to newsroom
By Oliver Darcy, CNN Business ABC News on Thursday stunned staffers, laying off several senior executives and restructuring its newsroom amid a…
Continue ReadingBed Bath & Beyond says it will likely file for bankruptcy if it can’t sell $300 million in stock
By Nathaniel Meyersohn, CNN Bed Bath & Beyond will sell up to $300 million of its stock to repay creditors and fund its business as it struggles…
Continue ReadingMortgage rates fall for the third week in a row
By Anna Bahney, CNN Homebuyers saw another week of falling mortgage rates, with the average rate dropping last week for the third week in a row,…
Continue ReadingBanking crisis won’t hurt America’s credit rating unless stress intensifies, Moody’s says
By Matt Egan, CNN The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the…
Continue ReadingWSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…
Continue ReadingSam Bankman-Fried pleads not guilty to new federal charges
By Kara Scannell, CNN Sam Bankman-Fried, the founder of failed cryptocurrency trading platform FTX, pleaded not guilty to five new federal charges of…
Continue ReadingThe new Lamborghini is totally different than any car it’s ever made
By Peter Valdes-Dapena, CNN Business Soon, you’ll be able to plug in your Lamborghini. Closing out a half century of purely gasoline-powered…
Continue ReadingPutin admits sanctions could hurt Russia’s economy
By Hanna Ziady, CNN President Vladimir Putin has conceded that Western sanctions designed to starve the Kremlin of funds for its invasion of Ukraine…
Continue ReadingWhy skinny soda cans are everywhere
By Nathaniel Meyersohn, CNN Suddenly, your beverage is taller. Beverage brands rely on packaging shape and design to draw in consumers. Now…
Continue ReadingEx-Fox producer said she gave misleading testimony in Dominion case ‘to keep my job’
By Marshall Cohen and Kristina Sgueglia, CNN Abby Grossberg, the former Fox News producer who accused the right-wing network of pressuring her into…
Continue ReadingThe final estimate for GDP shows the US economy grew at 2.6% last quarter
By Alicia Wallace, CNN The US economy grew at a slower pace in the fourth quarter than initially estimated, as consumer spending continued to trail…
Continue ReadingThe final estimate for GDP shows the US economy grew at 2.6% last quarter
By Alicia Wallace, CNN The US economy grew at a slower pace in the fourth quarter than initially estimated, as consumer spending continued to trail…
Continue ReadingThe average Wall Street bonus fell by 26% last year
By Jeanne Sahadi, CNN The average annual Wall Street bonus fell to $176,700 last year, a 26% drop from the previous year’s average of $240,400,…
Continue ReadingBanking chaos has been bittersweet for crypto and wine
By Nicole Goodkind, CNN Silicon Valley Bank’s collapse earlier this month dealt a major blow to the wine and crypto firms that entrusted their…
Continue ReadingWSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…
Continue ReadingWall Street Journal reporter arrested in Russia on suspicion of ‘espionage’
By Sarah Dean and Anna Chernova, CNN Wall Street Journal reporter Evan Gershkovich has been arrested in Russia on suspicion of espionage, the first…
Continue ReadingChina Renaissance suspends trading, delays results after founder’s disappearance
By Laura He, CNN China Renaissance, a top dealmaker in the country’s tech industry, said it would suspend trading of its shares and delay the…
Continue ReadingChina ‘confident and capable’ of hitting 2023 growth targets, new premier says at gathering of business leaders
By Laura He, CNN China’s newly minted Premier Li Qiang painted a bullish picture of his country’s economic recovery at a key business…
Continue Reading‘Companies are holding out’: Global IPO market slump endures
By Michelle Toh, CNN A slowdown in global initial public offerings continued in the first quarter of 2023 and is likely to endure in the coming…
Continue ReadingStarbucks fires Buffalo union worker who ‘ignited a movement’ to organize
By Ramishah Maruf, CNN Starbucks has fired a Buffalo, New York, worker who “ignited a movement” from one of the first stores in the…
Continue ReadingFox News CEO said correspondent’s fact-check of Trump’s election lies was ‘bad for business,’ new emails show
By Oliver Darcy and Marshall Cohen, CNN Fox News CEO Suzanne Scott sounded the alarm inside the company about the financial fallout that the…
Continue ReadingThe new Lamborghini is totally different than any car it’s ever made
By Peter Valdes-Dapena, CNN Business Soon, you’ll be able to plug in your Lamborghini. Closing out a half century of purely gasoline-powered…
Continue ReadingThe Future of Macy’s: New CEO is a veteran of Bloomingdale’s
By Nathaniel Meyersohn, CNN One of the highest profile jobs in retail will change hands next year. Macy’s CEO Jeff Gennette will retire in…
Continue ReadingAdidas does rapid U-turn in Black Lives Matter logo dispute
By Anna Cooban, CNN Adidas is backpedaling fast over its latest attempt to protect its iconic three-stripe mark. The German sportswear company said…
Continue ReadingBernie Sanders confronts former Starbucks CEO Howard Schultz on company’s labor practices
By Danielle Wiener-Bronner, CNN Senator Bernie Sanders, who has roundly criticized former Starbucks CEO Howard Schultz over the company’s…
Continue ReadingBank of England calls for urgent action on funds that nearly toppled UK financial system
By Julia Horowitz, CNN The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries about…
Continue ReadingHigh egg prices send profits at largest US producer soaring more than 700%
By Chris Isidore, CNN Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter…
Continue ReadingCup Noodles’ new ramen flavor puts your breakfast cravings into a cup
By Jordan Valinsky, CNN Business The high price of eggs and other breakfast staples is forcing some to look for cheaper breakfast alternatives. How…
Continue ReadingFederal regulators are back on Capitol Hill to explain the banking crisis
From CNN’s Krystal Hur, Nicole Goodkind and Allison Morrow The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros.…
Continue ReadingBrainard: US banking system is ‘sound’ and ‘stable’
By Alicia Wallace, CNN The broader US banking system remains sound and stable, but the two regional banks that failed were “poorly…
Continue ReadingCredit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says
By Matt Egan, CNN Credit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving…
Continue ReadingFoot Locker is closing 400 stores. They may become an eyesore
By Nathaniel Meyersohn, CNN Two major retail chains are closing roughly 800 stores. One company’s spaces likely will be filled, while the…
Continue ReadingUBS brings back Sergio Ermotti as CEO to oversee Credit Suisse rescue
By Michelle Toh and Hanna Ziady, CNN UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of…
Continue ReadingCalifornia governor signs bill giving energy commission oversight power on oil companies
By Taylor Romine, CNN California Gov. Gavin Newsom signed a bill into law Tuesday that gives the state’s energy commission oversight power on…
Continue ReadingThe big, electric Kia EV9 has carpets made out of recycled fishing nets
By Peter Valdes-Dapena, CNN Business The big Kia Telluride SUV, with three roomy rows of seats, has been a major hit for the South Korean car brand.…
Continue ReadingWhy Corporate America has grown silent on gun violence
By Nathaniel Meyersohn, CNN America’s biggest companies rushed to strengthen their gun safety policies after the mass shooting at a high school…
Continue ReadingCanadian billionaire and a group including Magic Johnson submit competing bids for Washington Commanders
By Matt Egan, CNN Two potential ownership groups are vying to buy the NFL’s Washington Commanders. Canadian billionaire Steve Apostolopoulos…
Continue ReadingTesla under investigation again from safety regulators, this time for seatbelt attachments
By Peter Valdes-Dapena, CNN The National Highway Traffic Safety Administration has opened an investigation into model year 2022 and 2023 Tesla Model…
Continue ReadingDominion wants Tucker Carlson, Sean Hannity and other Fox hosts and executives to take the stand at trial
By Oliver Darcy and Marshall Cohen, CNN Dominion Voting Systems said in a court filing Monday that it wants to put some of Fox News‘ top…
Continue ReadingUS has replaced Russia as Europe’s top crude oil supplier
By Anna Cooban, CNN The United States is now the biggest supplier of crude oil to the European Union. In December, 18% of the bloc’s crude…
Continue ReadingFTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say
By Allison Morrow, CNN Federal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing…
Continue ReadingPepsi has a new logo
By Danielle Wiener-Bronner, CNN If someone were to ask you to draw the Pepsi logo from memory, what would you draw? A circle, perhaps, with the red,…
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