Walmart lays off 2,000 warehouse workers
By Jordan Valinsky, CNN Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders, weeks after America’s…
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Tesla is selling a German beer in a Cybertruck bottle
By Julia Horowitz, CNN Few brands are big enough to sell three beers for nearly $100. Elon Musk’s Tesla may be one. The electric car company…
Continue ReadingWhat the OPEC cuts mean for Putin and Russia
By Nicole Goodkind, CNN Some of the world’s largest oil exporters shocked markets over the weekend by announcing that they would cut oil…
Continue ReadingWhat the OPEC cuts mean for Putin and Russia
By Nicole Goodkind, CNN Some of the world’s largest oil exporters shocked markets over the weekend by announcing that they would cut oil…
Continue ReadingJPMorgan’s Jamie Dimon warns banking crisis will be felt for ‘years to come’
By Nicole Goodkind, CNN The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will…
Continue ReadingJPMorgan’s Jamie Dimon warns banking crisis will be felt for ‘years to come’
By Nicole Goodkind, CNN The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will…
Continue ReadingRichard Branson’s Virgin Orbit files for bankruptcy
By Anna Cooban, CNN Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has filed for bankruptcy in the United States.…
Continue ReadingL’Oréal buys Aesop in $2.5 billion deal, its biggest acquisition ever
By Michelle Toh, CNN L’Oréal is buying Australian brand Aesop in a deal that values it at $2.5 billion, in the biggest brand acquisition ever…
Continue Reading‘I am truly sorry.’ Credit Suisse chair re-elected after apology at final shareholder meeting
By Hanna Ziady, CNN Credit Suisse Chairman Axel Lehmann apologized to angry shareholders Tuesday after the ailing Swiss lender required an emergency…
Continue ReadingAustralia bans TikTok on federal government devices
By Chris Lau, CNN Australia has joined other Western countries in banning the use of TikTok on government devices as the Chinese-owned video app…
Continue ReadingTesla ordered to pay more than $3 million to former worker in racism suit
By Ramishah Maruf and Chris Isidore, CNN A jury ordered Tesla to pay over $3 million Monday in a racial discrimination case brought by a former…
Continue ReadingDogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu
By Allison Morrow, CNN Twitter’s traditional bird icon was booted and replaced with an image of a Shiba Inu, an apparent nod to dogecoin, the…
Continue ReadingBob Iger calls Florida actions against Disney World ‘anti-business’
By Chris Isidore and Steve Contorno, CNN Disney CEO Bob Iger fought back against Florida Governor Ron DeSantis‘ actions against his company,…
Continue ReadingBob Iger calls Florida actions against Disney World ‘anti-business’
By Chris Isidore and Steve Contorno, CNN Disney CEO Bob Iger fought back against Florida Governor Ron DeSantis‘ actions against his company,…
Continue ReadingTaxes and adulting: What to know about filing taxes on your own for the first time
By Jeanne Sahadi, CNN For most people in their early- to mid-20s, filing taxes is right up there with having to pay rent and realizing you…
Continue ReadingMorning after pill brand speeds up retail access, doubles supply per pack
By Parija Kavilanz, CNN One maker said it is responding to high demand for the morning-after pill, after the US Supreme Court last year ended a…
Continue ReadingEY banned from auditing public interest companies in Germany over Wirecard
By Olesya Dmitracova, CNN Big-4 accounting firm EY has been banned from auditing companies of public interest in Germany for two years over its…
Continue ReadingWhat OPEC’s surprise oil cut means for gas prices
By Chris Isidore, CNN OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+…
Continue ReadingWall Street Journal: McDonald’s closes offices and tells employees to work from home ahead of layoffs
By Danielle Wiener-Bronner, CNN McDonald’s instructed corporate employees to work from home this week in anticipation of layoffs, according to…
Continue ReadingHSBC’s top execs face tense shareholders calling for a breakup
By Michelle Toh, CNN HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as…
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 ReadingWWE is combining with UFC to form a new company
By Jordan Valinsky, CNN World Wrestling Entertainment is merging with Endeavor Group, the parent company of competitor UFC, to form a new publicly…
Continue ReadingCEOs are tired of being held responsible for gun regulation
By Nicole Goodkind, CNN Americans have grown used to corporate executives treading the well-worn paths of the Northeast corridor to convene alongside…
Continue ReadingCEOs are tired of being held responsible for gun regulation
By Nicole Goodkind, CNN Americans have grown used to corporate executives treading the well-worn paths of the Northeast corridor to convene alongside…
Continue ReadingOil prices surge after OPEC+ producers announce surprise cuts
By Michelle Toh, Mohammed Tawfeeq and Anna Cooban, CNN Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut…
Continue ReadingCineworld shares tank after Regal Cinemas owner ditches plans to sell US and UK businesses
By Hanna Ziady, CNN Shares in Cineworld plunged more than 30% Monday, hitting their lowest level since late August, after the owner of Regal Cinemas…
Continue ReadingTesla sales again fall short of production
By Chris Isidore, CNN Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of last year, despite a series…
Continue ReadingWSJ editor says talk between Blinken and Russian foreign minister about detained journalist is ‘hugely reassuring’
By Ramishah Maruf, CNN The talk between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov about detained journalist…
Continue ReadingWSJ editor says talk between Blinken and Russian foreign minister about detained journalist is ‘hugely reassuring’
By Ramishah Maruf, CNN The talk between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov about detained journalist…
Continue ReadingSwiss prosecutor probes Credit Suisse takeover
By Reuters Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the…
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 ReadingThis is one of the worst times to buy a car in decades. Here’s why
By Christopher Hickey and Alex Leeds Matthews, CNN It has almost never been as hard to buy a new or used car in the United States as it is today,…
Continue ReadingStocks finished the quarter surprisingly strong. What’s next?
By Krystal Hur, CNN After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis,…
Continue ReadingThe fatal mauling of 4-year-old forces India to grapple with stray dog problem
By Rhea Mogul and Sania Farooqui, CNN For nearly a minute, the 4-year-old boy attempts to valiantly escape the hungry pack of stray dogs as they…
Continue ReadingGM plans to phase out Apple CarPlay in EVs, with Google’s help
Reuters General Motors plans to phase out widely used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle’s…
Continue ReadingMinor league baseball players ratify historic first collective bargaining agreement
By Jacob Lev, CNN Minor league baseball players ratified a historic first-ever collective bargaining agreement (CBA) with Major League Baseball, the…
Continue ReadingStocks bounced back in the first quarter, but it’s too early to celebrate
By Krystal Hur, CNN After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis,…
Continue ReadingDominion’s historic defamation case against Fox News will go to trial, judge rules, in major decision dismantling key Fox defenses
By Marshall Cohen and Oliver Darcy, CNN Dominion Voting Systems’ historic defamation case against Fox News will proceed to a high-stakes jury…
Continue ReadingFox News banned Trump legal team from air in December 2020, new text message shows
By Oliver Darcy and Marshall Cohen, CNN Fox News swiftly banned then-President Donald Trump’s election-denying lawyers from appearing on the…
Continue ReadingThe Tesla Semi is getting recalled for faulty parking brakes
By Peter Valdes-Dapena, CNN Tesla has issued a recall for 35 of its new electric Semi trucks because the parking brake might not engage when applied…
Continue ReadingLeaders of more than 30 news organizations demand Russia release WSJ reporter
By Oliver Darcy, CNN Business The leaders of more than 30 news organizations around the world signed a letter Thursday to the Russian ambassador to…
Continue ReadingSouthwest releases an ‘action plan’ to prevent another operational nightmare
By Jordan Valinsky, CNN Southwest Airlines has unveiled an “action plan” to prevent another operational meltdown like the one from last…
Continue ReadingConsidering an EV? Here’s what to know about the new tax credits
By Ella Nilsen, CNN When the Biden administration’s proposed rule for which vehicles qualify for its revamped EV tax credit goes into effect on…
Continue ReadingNorfolk Southern CEO more than doubled his pay last year after getting promoted
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw got $9.8 million in total compensation in 2022, more than double the $4.7 million he received in…
Continue ReadingTrump-related stocks surge after indictment
By David Goldman, CNN Three stocks with ties to former President Donald Trump surged Friday after two sources familiar with the case told CNN that…
Continue ReadingTrump-related stocks surge after indictment
By David Goldman, CNN Three stocks with ties to former President Donald Trump surged Friday after two sources familiar with the case told CNN that…
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 ReadingKey inflation gauge in Europe hits record high even as overall price rises slow sharply
By Julia Horowitz, CNN Inflation in Europe has fallen to its slowest pace in more than a year, though stark signs of persistent underlying pressure…
Continue ReadingWho will end up paying for the banking crisis: You
By Nicole Goodkind, CNN It cost the Federal Deposit Insurance Corporation about $23 billion to clean up the mess that Silicon Valley Bank and…
Continue Reading‘It’s not zero.’ Wall Street is pricing in a small but growing risk of a disastrous US default
By Matt Egan, CNN A US default would have such devastating economic and financial consequences that many observers dismiss the possibility out of…
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