Disney begins laying off 7,000 employees, CEO Bob Iger announces
By Jon Passantino, CNN Disney CEO Bob Iger on Monday said his company will begin laying off staff starting this week, the first of three rounds of…
Continue ReadingBy Jon Passantino, CNN Disney CEO Bob Iger on Monday said his company will begin laying off staff starting this week, the first of three rounds of…
Continue ReadingBy Jennifer Korn, Ramishah Maruf and Camila Bernal, CNN Taylor Swift fans headed to court in Los Angeles Monday to face off against Ticketmaster…
Continue ReadingBy Matt Egan, CNN Silicon Valley Bank imploded due to mismanagement and a sudden panic among depositors, a top Federal Reserve official plans to tell…
Continue ReadingBy Allison Morrow, CNN Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and its CEO for allegedly violating US…
Continue ReadingBy Mark Thompson and Julia Horowitz, CNN Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse…
Continue ReadingBy Jennifer Korn Elon Musk and William Shatner clashed on Twitter over the weekend after the Star Trek actor complained about being forced to pay to…
Continue ReadingBy Marshall Cohen The Fox News producer who accused the right-wing network of pressuring her into giving misleading testimony in the Dominion…
Continue ReadingBy 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 ReadingBy Jeanne Sahadi, CNN Banking has been top of mind for many people in the wake of some surprise bank failures and moves by US regulators to boost…
Continue ReadingBy Nicole Goodkind, CNN Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving…
Continue ReadingBy Claudia Otto and Inke Kappeler Nationwide strikes in Germany — among its worst in decades — are causing huge disruption at the country’s…
Continue ReadingBy Anna Cooban European banking stocks rose Monday, boosted by the news that US lender First Citizens Bank would buy most of the business of failed…
Continue ReadingBy Hanna Ziady, CNN The chairman of Credit Suisse’s largest shareholder, Saudi National Bank, has resigned less than two weeks after comments…
Continue ReadingBy Mark Thompson, Liz Enochs and Chris Isidore, CNN In a milestone moment for the banking crisis, a company has purchased most of what’s left…
Continue ReadingBy Mark Thompson, Liz Enochs and Chris Isidore, CNN In a milestone moment for the banking crisis, a company has purchased most of what’s left…
Continue ReadingBy Michelle Toh, CNN The head of the International Monetary Fund called for greater vigilance over the global financial system during a speech in…
Continue ReadingBy Lauren Koenig and Ramishah Maruf, CNN Amtrak is restoring service after a slew of train cancellations, primarily in the Midwest due to “a…
Continue ReadingBy Parija Kavilanz, CNN Check the aisles at Walmart, Target or your neighborhood drug store and you’ll find them chock full of scented,…
Continue ReadingBy Allison Morrow, CNN Two weeks ago, few people outside the tech industry had even heard of Silicon Valley Bank, the midsize California lender whose…
Continue ReadingKrystal Hur, CNN Federal regulators are being called to testify before the Senate Banking Committee on Tuesday and the House Financial Services…
Continue ReadingBy Heather Chen, CNN The founder of one of the world’s biggest dumpling empires has died. Yang Bing-yi, who set up the Taiwanese restaurant…
Continue ReadingBy Chris Isidore, CNN The Los Angeles school strike that kept about a half-million students out of classrooms for three days this past week has…
Continue ReadingReuters Deposits at small US banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data released on Friday by…
Continue ReadingBy Krystal Hur, CNN Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory…
Continue ReadingBy Danielle Wiener-Bronner, CNN For decades, Girl Scouts has used cookie sales to raise funds and teach scouts about entrepreneurship. This year,…
Continue ReadingBy Nathaniel Meyersohn, CNN More stores now offer customers the option to tip, from coffee shops to ice cream stores. Around 48% of purchases at fast…
Continue ReadingBy Kathleen Magramo and Jake Kwon, CNN Apple CEO Tim Cook gave a show of support for China as a market and manufacturing base during a visit to…
Continue ReadingBy Jeanne Sahadi, CNN The Federal Reserve on Wednesday raised its key interest rate for the ninth time since last March. Each time the Fed raises the…
Continue ReadingBy Michelle Toh, CNN Travelers across Asia Pacific will likely continue to fork out more than usual for flights this year, even as planes return to…
Continue ReadingBy Hanna Ziady and Olesya Dmitracova, CNN A nationwide strike in France to protest a rise in the retirement age drew more than a million people onto…
Continue ReadingBy 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 ReadingBy Alicia Wallace, CNN One of the biggest unknowns since the Federal Reserve started its historic rate-hiking campaign has been how many jobs could…
Continue ReadingBy Alicia Wallace, CNN One of the biggest unknowns since the Federal Reserve started its historic rate-hiking campaign has been how many jobs could…
Continue ReadingBy Ivana Kottasová, CNN When EU lawmakers voted to ban the sale of new combustion engine cars in the bloc by 2035, it was a landmark victory for…
Continue ReadingBy Anna Bahney, CNN Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally, home buyers can…
Continue ReadingBy Nicole Goodkind, CNN In the wake of Silicon Valley Bank’s collapse and subsequent banking meltdown, cash is king. The turmoil inflicted on…
Continue ReadingBy Anna Cooban, CNN Europe’s banking stocks tumbled Friday as investors acted on their lingering worries that the recent crises at some banks…
Continue ReadingBy 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 ReadingBy Sandi Sidhu and Chris Lau, CNN Chinese authorities have closed the Beijing office of Mintz Group, an American corporate due diligence firm, and…
Continue ReadingBy 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 ReadingBy 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 ReadingBy 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 ReadingBy 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 ReadingBy 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 ReadingBy 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 ReadingBy Peter Valdes-Dapena, CNN General Motors announced Wednesday that it’s ending production of the latest generation of the Chevrolet Camaro,…
Continue ReadingBy Anna Cooban Bollywood fans have been left without access to hundreds of their favorite tunes on Spotify because of a licensing dispute. Spotify…
Continue ReadingBy Jackie Wattles, CNN Startup Relativity Space sent what it’s calling the “world’s first 3D-printed rocket” toward space on…
Continue ReadingBy 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 ReadingBy Danielle Wiener-Bronner, CNN Starbucks’ new CEO Laxman Narasimhan teased his plan for the company in a letter to employees. It includes…
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