Takeaways from Powell’s congressional testimony
By Alicia Wallace, CNN Federal Reserve Chairman Jerome Powell was on Capitol Hill Tuesday for the first part of his two-day semiannual monetary…
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What to watch as Fed Chair Powell testifies before Congress
By Nicole Goodkind, CNN Federal Reserve Chair Jerome Powell is on the hot seat this week as he testifies before Congress. Investors will be watching…
Continue ReadingSri Lanka expects approval of $2.9 billion IMF deal after China support
Reuters Sri Lanka expects final approval from the International Monetary Fund for a $2.9 billion loan in the third or fourth week of this month, the…
Continue ReadingXi Jinping hits out at US as he urges China’s private firms to ‘fight’ alongside Communist Party
By Laura He, CNN China’s leader Xi Jinping hit out at the United States with unusually direct comments as he called on the country’s…
Continue ReadingFrench oil refineries blockaded as 1 million protest against pension reforms
By Pierre Bairin, Aurore Laborie and Hanna Ziady, CNN Oil refineries across France were blockaded Tuesday by workers taking part in a…
Continue ReadingA takeover battle for the future of K-pop is heating up
By Michelle Toh and Gawon Bae, CNN Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM…
Continue ReadingXi Jinping hits out at US as he urges China’s private firms to ‘fight’ alongside Communist Party
By Laura He, CNN China’s leader Xi Jinping hit out at the United States with unusually direct comments as he called on the country’s…
Continue ReadingOne of India’s trash mountains is on fire again and residents are choking on its toxic fumes
By Rhea Mogul, CNN Firefighters in the southern Indian city of Kochi were toiling Tuesday to control toxic fumes from spreading after a landfill…
Continue ReadingGoogle’s 16th employee is getting her own Barbie
By Parija Kavilanz, CNN Barbie isn’t one to be pigeonholed into a profession just because she’s a woman. She’s had an impressive…
Continue Reading‘Dilbert’ to return on Scott Adams’ subscription service
By Ramishah Maruf, CNN Dilbert is coming back. At least in a different sense. Scott Adams, the comic creator who was dropped by hundreds of…
Continue ReadingSix small things you can do this year to improve your financial future
By Jeanne Sahadi, CNN You know very well you could do a million things to improve your financial situation. The problem, though, is that changing a…
Continue ReadingJPMorgan Chase CEO Jamie Dimon says Ukraine invasion is a top economic concern
By Nicole Goodkind, CNN The war in Ukraine and US-China relations are two of JPMorgan Chase CEO Jamie Dimon’s largest economic concerns, he…
Continue ReadingAmerica’s credit rating could get downgraded even if a default is avoided, Fitch Ratings warns
By Matt Egan, CNN Every few years, Washington plays a dangerous game of chicken over whether to raise the debt ceiling or default on US debt. Even if…
Continue ReadingAmazon closing some of its cashier-free stores
By Chris Isidore, CNN Business Amazon is permanently closing eight of its 29 Amazon Go convenience stores that offer customers the ability to shop…
Continue ReadingHead of UK business lobby steps aside following complaints about his conduct
By Robert North, CNN The head of the main business lobby in the United Kingdom is stepping aside while an investigation takes place into complaints…
Continue ReadingSiriusXM to cut 8% of workforce, eliminating 475 jobs
By Jon Passantino Satellite radio giant SiriusXM is laying off 475 people, or about 8% of its workforce, as part of a broad restructuring. With the…
Continue ReadingCNN anchor Kasie Hunt gives birth in surprise 13-minute labor
By Nicole Goodkind, CNN CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the…
Continue ReadingLarry Summers: US economy could hit an ‘air pocket’ in the coming months
By Alicia Wallace, CNN The US economy may still be running fast and strong, but its risk of suddenly falling into a recession still looms large,…
Continue ReadingConsumers keep spending. That might not be good news for them or the Fed
By Alicia Wallace, CNN US consumers kept spending last year despite historically high inflation, not only shelling out for necessities but also…
Continue ReadingHoda Kotb returns to ‘Today’ after daughter’s illness forced a two-week absence
By Jordan Valinsky, CNN Hoda Kotb returned to co-anchoring NBC’s “Today” show following a two-week absence, explaining to viewers…
Continue ReadingThis developer is happy that new home construction is falling
By Nicole Goodkind, CNN Recent headlines point to a slumping US housing market — as mortgage rates average near 7%, an increasing number of…
Continue Reading$30 million of Funko Pop! toys will be thrown in the trash
By Nicole Goodkind, CNN Business Thirty million dollars worth of Funko Pop! figures — those big-headed, vinyl pop-culture dolls — will…
Continue ReadingMore rate hikes are needed, says Fed’s Mary Daly
By Nicole Goodkind, CNN Business Federal Reserve policymakers will need to raise interest rates higher and keep them there longer to tackle the…
Continue ReadingCNN anchor Kasie Hunt gives birth in surprise 13-minute labor
By Nicole Goodkind, CNN CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the…
Continue ReadingIt’s Hell Week on Wall Street
By Nicole Goodkind, CNN Wall Street investors are gearing up for their version of Hell Week — a torrent of jobs data coming over the next few days…
Continue ReadingChina to increase defense spending 7.2%, sets economic growth target of ‘around 5%’ for 2023
By Laura He, Simone McCarthy and Wayne Chang, CNN China has set an official economic growth target of “around 5%” for 2023, as it seeks…
Continue ReadingTesla recalls almost 3,500 Model Y cars for loose bolts
By Ramishah Maruf, CNN Tesla is recalling 3,470 2022-2023 Model Y cars due to bolts in the second-row seat back frames not being secured properly. An…
Continue ReadingProsecutors want Sam Bankman-Fried to use a flip phone as part of a more restrictive bail package
By Kara Scannell, CNN The use of a flip phone, or some non-smartphone, is one of several restrictions that prosecutors and Sam Bankman-Fried’s…
Continue ReadingBoeing CEO Calhoun just missed out on a $7 million bonus. But he still got a raise
By Chris Isidore, CNN Boeing CEO David Calhoun missed out on a $7 million bonus last year, but still got a raise. Boeing’s proxy filing Friday…
Continue ReadingDespite toxic disaster, railroads still want single-person crews
By Chris Isidore, CNN The nation’s major freight railroads have long desired to have only one crew member, a lone engineer, in the cab of their…
Continue ReadingWhy the ‘zip-a-dee-doo-dah’ lyric is so controversial — and why Disneyland has removed it
By Jordan Valinsky and Natasha Chen, CNN Disneyland has removed the “zip-a-dee-doo-dah” lyric played during its park parades because it…
Continue ReadingWalgreens will not distribute abortion pill in 20 states
By Nathaniel Meyersohn and Carma Hassan, CNN Walgreens on Friday said it will not distribute abortion medication in 20 states, bowing to pressure…
Continue ReadingWalgreens will not distribute abortion pill in 20 states
By Nathaniel Meyersohn and Carma Hassan, CNN Walgreens on Friday said it will not distribute abortion medication in 20 states, bowing to pressure…
Continue ReadingRussia may run out of money in 2024, says oligarch
By Olesya Dmitracova, CNN Russia could find itself with no money as soon as next year and needs foreign investment, outspoken Russian oligarch Oleg…
Continue ReadingCFPB: What it does and why its future is in question
By Jeanne Sahadi, CNN The US Supreme Court decided this week to hear a case that will consider the constitutionality of funding for the Consumer…
Continue ReadingThe car of the future? Ford applies for patent on car that can automatically repossess itself
By Peter Valdes-Dapena, CNN Ford has some interesting ideas on what self-driving cars might soon be able to do. Besides freeing us from the tedium of…
Continue ReadingGirl Scouts’ sold-out cookie is available on eBay. The Scouts are not pleased
By Danielle Wiener-Bronner, CNN Business The Raspberry Rally Girl Scouts cookie, a raspberry-flavored version of the beloved Thin Mint, was always…
Continue ReadingRussia may run out of money in 2024, says oligarch
By Olesya Dmitracova, CNN Russia could find itself with no money as soon as next year and needs foreign investment, outspoken Russian oligarch Oleg…
Continue ReadingA takeover battle for the future of K-pop is heating up
By Michelle Toh and Gawon Bae, CNN Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM…
Continue ReadingBTS mastermind on HYBE-SM deal: We’re not ‘trying to take over the whole industry’
By Michelle Toh and Richard Quest, CNN The billionaire mastermind behind some of the world’s biggest K-pop stars is pushing back on accusations…
Continue ReadingAdani shares soar as US investor steps in
By Anna Cooban, CNN Shares in some of Indian billionaire Gautam Adani’s companies soared Friday after a US private equity firm agreed to invest…
Continue ReadingNorfolk Southern CEO sells stock and sets up scholarship fund for East Palestine
By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw sold $448,000 worth of the company’s stock this week, a month after the toxic train…
Continue ReadingNigeria’s chaotic banknote switch ruled invalid by top court
By Nimi Princewill and Stephanie Busari, CNN Nigeria’s botched attempt to replace its banknotes has been declared invalid by the…
Continue ReadingAlmost all S&P 500 companies reported earnings. The results aren’t great
By Nicole Goodkind, CNN About 99% of all S&P 500 companies have reported their fourth quarter earnings and the results, particularly for tech…
Continue ReadingHow the market has changed in the 20+ years I’ve covered it
By Paul R. La Monica, CNN There have been a LOT of changes on Wall Street since I first joined CNN in November 2001. The Dow was trading just below…
Continue ReadingUS adds Chinese genetics firms to trade blacklist over surveillance allegations
By Philip Wang and Kathleen Magramo, CNN The United States on Thursday added two subsidiaries of Chinese genetics company BGI to a trade blacklist…
Continue ReadingFord F-150 Lightning electric truck production to restart March 13
By Peter Valdes-Dapena, CNN Business Following an issue with a battery fire during testing, Ford will restart production of its popular F-150…
Continue ReadingExxonMobil sued after a Black employee allegedly discovered a noose at work. It was the fifth at the same facility
By David Goldman, CNN Exxon was aware of multiple complaints of hangman’s nooses on display at its Baton Rouge, Louisiana, complex, but the oil…
Continue ReadingNTSB: FedEx plane was only 150 feet off ground when disaster was averted
By Chris Isidore, CNN A FedEx plane was only about 150 feet off the ground when its pilots realized a Southwest jet was in the process of taking off…
Continue ReadingDOJ launches new effort to target corporate sanctions evasion
By Hannah Rabinowitz, CNN Deputy Attorney General Lisa Monaco announced a new effort by the Justice Department on Thursday to target corporate…
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