Deutsche Bank, UBS stocks sink as fear of European banking crisis returns
By Anna Cooban, CNN Europe’s banking stocks tumbled Friday as investors acted on their lingering worries that the recent crises at some banks…
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India’s parliament strips Rahul Gandhi of lawmaker status after defamation conviction
By Manveena Suri and Rhea Mogul, CNN The former leader of India’s main opposition political party has been disqualified as a lawmaker, a day…
Continue ReadingChinese authorities close Beijing offices of US Mintz Group detaining five local staff
By Sandi Sidhu and Chris Lau, CNN Chinese authorities have closed the Beijing office of Mintz Group, an American corporate due diligence firm, and…
Continue ReadingRussia can’t meet India arms deliveries due to Ukraine war, Indian Air Force says
By Rhea Mogul, CNN Russia is unable to honor its arms delivery commitments to India because of the war in Ukraine, the Indian Air Force (IAF) said,…
Continue ReadingUnions at Disney World win 37% pay hikes in tentative labor deal
By Chris Isidore and Vanessa Yurkevich, CNN About 32,000 hourly workers at Disney World will get raises equal to $3 an hour by the end of the year,…
Continue ReadingMan targeted by January 6 conspiracists demands retraction from Fox News and Tucker Carlson over ‘lies’
By Oliver Darcy and Marshall Cohen, CNN An attorney for Ray Epps, the Arizona man that January 6 conspiracy theorists falsely claim led an FBI plot…
Continue ReadingShort-seller Hindenburg targets Jack Dorsey’s Block
By Nicole Goodkind, CNN Shares of Block, the company behind Cash App, plunged by 20% Thursday morning after the release of a searing report from…
Continue ReadingGood news for homebuyers. Mortgage rates just dropped again
By Anna Bahney, CNN Mortgage rates dropped again this week for the second week in a row amid lingering concerns about bank failures and uncertainty…
Continue ReadingAccenture slashes 19,000 jobs worldwide
By Anna Cooban, CNN Accenture plans to slash 19,000 jobs worldwide as it attempts to cut costs amid a gloomy economic picture. The Irish-American…
Continue ReadingGM to stop making Chevy Camaro, leaving muscle car’s future uncertain
By Peter Valdes-Dapena, CNN General Motors announced Wednesday that it’s ending production of the latest generation of the Chevrolet Camaro,…
Continue ReadingSpotify removes Bollywood song catalog in licensing dispute
By Anna Cooban Bollywood fans have been left without access to hundreds of their favorite tunes on Spotify because of a licensing dispute. Spotify…
Continue ReadingStartup’s 3D-printed rocket delivers stunning night launch but fails to reach orbit
By Jackie Wattles, CNN Startup Relativity Space sent what it’s calling the “world’s first 3D-printed rocket” toward space on…
Continue ReadingNew home sales rose for the third month in a row
By Anna Bahney, CNN New home sales rose in February, climbing for the third month in a row as mortgage rates eased off their highs of the past year…
Continue ReadingNew Starbucks CEO plans to pull barista shifts in stores every month
By Danielle Wiener-Bronner, CNN Starbucks’ new CEO Laxman Narasimhan teased his plan for the company in a letter to employees. It includes…
Continue ReadingFord to lose $3 billion from EV sales to consumers this year
By Chris Isidore, CNN Ford said it will lose $3 billion on its sales of electric vehicles to consumers this year, but it still expects to hit the…
Continue ReadingFive big takeaways from the Fed’s extraordinary meeting
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly high…
Continue ReadingFive big takeaways from the Fed’s extraordinary meeting
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly high…
Continue ReadingBank of England hikes interest rates again following inflation shock
By Hanna Ziady, CNN The Bank of England hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight to rein in…
Continue ReadingSwiss central bank says crisis halted as it hikes interest rates
By Mark Thompson, CNN Switzerland’s banking crisis has been halted, the country’s central bank said Thursday as it hiked interest rates…
Continue ReadingFrench airports, schools and oil refineries hit by national strike over pension age increase
By Dalal Mawad, Aurore Laborie, Oliver Briscoe and Joshua Berlinger, CNN French transport networks, oil refineries and schools were hit by widespread…
Continue ReadingEvergrande Group announces long-awaited debt restructuring deal after 2021 collapse
By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has unveiled a…
Continue ReadingEvergrande Group announces long-awaited debt restructuring deal after 2021 collapse
By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has unveiled a…
Continue ReadingFed official: People ‘hate’ inflation. That trumps bank stress and job loss
By Matt Egan, CNN The Federal Reserve faced a particularly vexing decision this week: Should it raise interest rates during a bank crisis? For Tom…
Continue ReadingGlobal markets mixed after US Fed raises rates by a quarter-point
By Juliana Liu and Anna Cooban, CNN European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal…
Continue ReadingStartup’s 3D-printed rocket delivers stunning night launch but fails to reach orbit
By Jackie Wattles, CNN Startup Relativity Space sent what it’s calling the “world’s first 3D-printed rocket” toward space on…
Continue ReadingHow TikTok’s CEO prepared for his first grilling on Capitol Hill
By Oliver Darcy, CNN Shou Zi Chew is getting ready for his inaugural trip to Congress. The TikTok chief executive has, for the last week,…
Continue ReadingHow TikTok’s CEO prepared for his first grilling on Capitol Hill
By Oliver Darcy, CNN Shou Zi Chew is getting ready for his inaugural trip to Congress. The TikTok chief executive has, for the last week,…
Continue ReadingThe Fed’s favorite inflation measure cooled in February
By Alicia Wallace, CNN The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month…
Continue ReadingJamie Dimon and other big bank CEOs met with top Biden economist Lael Brainard
By Matt Egan, CNN Lael Brainard, President Joe Biden’s top economic adviser, met with JPMorgan Chase CEO Jamie Dimon and other leading Wall…
Continue ReadingHow the banking crisis clipped the hawkish Fed’s wings
By Allison Morrow, CNN In congressional testimony earlier this month, Fed Chairman Jerome Powell told lawmakers that the central bank would likely…
Continue ReadingLindsay Lohan, Jake Paul and other celebrities charged $400,000 for violating disclosure rules
By David Goldman, CNN The Securities and Exchange Commission on Wednesday charged Lindsay Lohan, Jake Paul and several other celebrities with failing…
Continue ReadingWhat to do with your money now that the Fed just raised rates for the ninth time
By Jeanne Sahadi, CNN After two weeks of banking turmoil, the Federal Reserve on Wednesday continued its bid to beat down inflation by raising its…
Continue ReadingJob-listing company Indeed to lay off 2,200 employees
By Dayun Park Job listing website Indeed.com will cut approximately 2,200 employees, representing almost 15% of its total workforce, the company…
Continue ReadingThe Fed lifts rates by a quarter point as banking turmoil complicates inflation fight
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation…
Continue ReadingThe Fed lifts rates by a quarter point as banking turmoil complicates inflation fight
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation…
Continue ReadingWhy some lawmakers want to raise the FDIC insurance limit for your savings
By Ramishah Maruf, CNN Right now, $250,000 seems to be the number on everyone’s minds. That’s the Federal Deposit Insurance…
Continue ReadingDirecTV and Newsmax end ugly dispute as the satellite carrier strikes deal to resume broadcasting the right-wing channel
By Oliver Darcy, CNN Business DirecTV said Wednesday that it has reached a multi-year distribution agreement with Newsmax, putting to end a bitter…
Continue ReadingLawmakers and union tell Norfolk Southern CEO that railroads’ voluntary safety plans aren’t enough
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw returned to Capitol Hill Wednesday facing pressure to support rail safety legislation proposed…
Continue ReadingWall Street is thirsty for its next big investment opportunity: The West’s vanishing water
By Lucy Kafanov, CNN Situated in the Sonoran Desert near the Arizona-California border is the tiny rural town of Cibola — home to roughly 300…
Continue ReadingWall Street is thirsty for its next big investment opportunity: The West’s vanishing water
By Lucy Kafanov, CNN Situated in the Sonoran Desert near the Arizona-California border is the tiny rural town of Cibola — home to roughly 300…
Continue ReadingGrindr partners with free HIV test program
By Jordan Valinsky, CNN Business Grindr, the popular LGBTQ+ dating app, is partnering with a program distributing free at-home HIV tests as part of a…
Continue ReadingJudge may force Rupert Murdoch to testify in Dominion defamation case
By Marshall Cohen, CNN The judge in the Dominion Voting Systems’ defamation case against Fox News signaled his interest Wednesday in the duty…
Continue ReadingAfter bank failures, Elizabeth Warren demands Fed crackdown on large regional banks
By Matt Egan, CNN Senator Elizabeth Warren is cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank. In a new…
Continue ReadingAfter bank failures, Elizabeth Warren demands Fed crackdown on large regional banks
By Matt Egan, CNN Senator Elizabeth Warren is cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank. In a new…
Continue ReadingThe banking meltdown may have done the Fed’s work for it
By Nicole Goodkind, CNN Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their…
Continue ReadingThe banking meltdown may have done the Fed’s work for it
By Nicole Goodkind, CNN Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their…
Continue ReadingKhalistan: The outlawed Sikh separatist movement that has Indian authorities on edge
By Rhea Mogul, CNN A colossal police hunt for a Sikh separatist who has revived calls for an independent homeland in India’s Punjab state has…
Continue ReadingUK inflation rises to 10.4% as food prices soar
By Olesya Dmitracova and Hanna Ziady, CNN UK consumer prices jumped by 10.4% in February compared with a year ago, as food inflation hit its highest…
Continue ReadingAsia Pacific shares join US gains as investors await key Fed decision
By Juliana Liu, CNN Asia Pacific shares opened higher on Wednesday, tracking US gains, as investors awaited the US Federal Reserve’s next…
Continue ReadingUS companies including Netflix and Boeing join ‘biggest’ business mission to Vietnam
By Michelle Toh, CNN Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy,…
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