Americans pulled back on their spending in February, after a strong January
By Alicia Wallace, CNN Americans pulled back on their spending last month after a surprisingly spendy January. US retail sales fell 0.4% in February…
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Americans pulled back on their spending in February, after a strong January
By Alicia Wallace, CNN Americans pulled back on their spending last month after a surprisingly spendy January. US retail sales fell 0.4% in February…
Continue ReadingKey inflation measure shows wholesale prices fell last month
By Alicia Wallace, CNN A key measure of inflation fell dramatically in February, according to the latest Producer Price Index, which tracks what…
Continue Reading‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
By Oliver Darcy, CNN “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for…
Continue ReadingThe forgotten rescue plan that could prevent another SVB-like collapse
By Nicole Goodkind, CNN After Silicon Valley Bank and Signature Bank failed, the US government stepped in with an extraordinary measure to rescue…
Continue ReadingUK extends household energy subsidies for another three months
By Anna Cooban and Olesya Dmitracova, CNN The UK government will cap energy costs for millions of households for another three months following…
Continue ReadingUK tries to juice its economy once again as banking storm clouds gather
By Hanna Ziady, CNN UK financial markets were spooked again Wednesday — although, unlike last fall, the turmoil was unrelated to a new government…
Continue ReadingCredit Suisse borrows more than $50 billion from Swiss National Bank after shares crash 30%
By Mark Thompson and Anna Cooban, CNN Hours after the Swiss central bank said it was ready to provide financial support to Credit Suisse, the…
Continue ReadingCan the Fed help fend off a banking crisis while also cooling the economy?
By Alicia Wallace, CNN Last week, the Federal Reserve’s biggest concern was a stubbornly high inflation rate and how much to crank up monetary…
Continue ReadingHi-res art scans from famous Taiwan museum leak online… and turn up for sale on Chinese online shopping platform
By Chris Lau, CNN A Taiwanese museum that houses some of the world’s most precious Chinese artworks has confirmed that up to 100,000…
Continue ReadingChina’s economic recovery is on track. But youth unemployment is getting worse
By Laura He, CNN China’s economic recovery appears to be on track as it gradually emerges from three years of its strict zero-Covid policy. But…
Continue ReadingChina’s economic recovery is on track. But youth unemployment is getting worse
By Laura He, CNN China’s economic recovery appears to be on track as it gradually emerges from three years of its strict zero-Covid policy. But…
Continue Reading‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
By Oliver Darcy, CNN “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for…
Continue Reading‘Harry Potter’ tour heads to Tokyo as Warner Bros courts more Asia fans
By Michelle Toh, Marc Stewart and Emiko Jozuka, CNN Hogwarts is coming to Tokyo, as Warner Bros. pushes to expand one of the most successful…
Continue Reading‘Harry Potter’ tour heads to Tokyo as Warner Bros courts more Asia fans
By Michelle Toh, Marc Stewart and Emiko Jozuka, CNN Hogwarts is coming to Tokyo, as Warner Bros. pushes to expand one of the most successful…
Continue ReadingDo you have questions about the Silicon Valley Bank collapse?
CNN examines how the second-largest bank failure in US history could impact other financial institutions and their customers across the US. Watch…
Continue ReadingDOJ and SEC are investigating Silicon Valley Bank’s failure
By Phil Mattingly, CNN The US Justice Department and Securities and Exchange Commission are opening investigations into the collapse of Silicon…
Continue ReadingThe forgotten rescue plan that could prevent another SVB-like collapse
By Nicole Goodkind, CNN After Silicon Valley Bank and Signature Bank failed, the US government stepped in with an extraordinary measure to rescue…
Continue ReadingTyson is laying off nearly 1,700 poultry plant workers
By Danielle Wiener-Bronner, CNN Tyson is laying off nearly 1,700 workers as it closes two poultry plants in an effort to boost profits. The company…
Continue ReadingTyson is laying off nearly 1,700 poultry plant workers
By Danielle Wiener-Bronner, CNN Tyson is laying off nearly 1,700 workers as it closes two poultry plants in an effort to boost profits. The company…
Continue ReadingPanic subsides on Wall Street as regional banks rebound
By Allison Morrow, CNN After a few days of panic over the health of America’s banking system, Wall Street appeared to take a deep breath…
Continue ReadingDow falls 500 points as banking fears spread
By Krystal Hur, CNN The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets, though the…
Continue ReadingEggs are finally getting cheaper in the grocery store
By Danielle Wiener-Bronner, CNN Grocery prices rose slightly last month, but eggs are finally getting cheaper in the supermarket. In February, egg…
Continue ReadingWhat the FDIC takeovers of SVB and Signature mean for the banks’ customers and employees
By Jeanne Sahadi, CNN Here’s where things stand for customers and employees of Silicon Valley Bank and Signature Bank, both of which failed…
Continue ReadingWhat the FDIC takeovers of SVB and Signature mean for the banks’ customers and employees
By Jeanne Sahadi, CNN Here’s where things stand for customers and employees of Silicon Valley Bank and Signature Bank, both of which failed…
Continue ReadingInflation fell for the eighth-straight month in February
By Alicia Wallace, CNN Inflation’s temperature came down a little bit more last month, but the Federal Reserve’s campaign to bring down…
Continue ReadingWhat comes next in the banking crisis? The early 1990s hold clues
By Nicole Goodkind, CNN Investors are searching for clarity in the wake of Friday’s collapse of Silicon Valley Bank — the biggest failure of…
Continue ReadingWhat comes next in the banking crisis? The early 1990s hold clues
By Nicole Goodkind, CNN Investors are searching for clarity in the wake of Friday’s collapse of Silicon Valley Bank — the biggest failure of…
Continue ReadingSay goodbye to the old cap on McCormick spice bottles
By Jordan Valinsky, CNN McCormick, the top-selling maker of seasonings and spices, is giving its iconic red-cap bottles their first makeover in…
Continue ReadingUS sues Rite Aid for missing opioid red flags
By Andrea Cambron, CNN The Justice Department on Monday filed a lawsuit against Rite Aid for allegedly violating the Controlled Substances Act,…
Continue ReadingCredit Suisse finds ‘material weakness’ in its financial reporting, scraps exec bonuses
By Hanna Ziady, CNN Credit Suisse acknowledged “material weakness” in its financial reporting Tuesday as it scrapped bonuses for top…
Continue ReadingToday is Equal Pay Day. Here’s what that means
By Jeanne Sahadi, CNN The gender pay gap is typically referred to in monetary terms, measuring how much women earn for every dollar a man earns. But…
Continue ReadingThe Fed faces a ‘no-win situation’ but must keep raising interest rates anyway, says former Fed official
By Matt Egan The shocking implosion of Silicon Valley Bank should not deter the Federal Reserve from its war on inflation, according to former FDIC…
Continue ReadingThe Fed faces a ‘no-win situation’ but must keep raising interest rates anyway, says former Fed official
By Matt Egan The shocking implosion of Silicon Valley Bank should not deter the Federal Reserve from its war on inflation, according to former FDIC…
Continue ReadingMoody’s sees harder times ahead for all US banks and puts six on ‘downgrade’ watch
By Matt Egan, CNN Moody’s Investors Service cut its outlook for the entire US banking sector and placed six US banks on review for potential…
Continue ReadingCan the Fed help fend off a banking crisis while also cooling the economy?
By Alicia Wallace, CNN Last week, the Federal Reserve’s biggest concern was a stubbornly high inflation rate and how much to crank up monetary…
Continue ReadingAsian markets tumble as SVB fallout fears rattle banking sector
By Laura He, CNN Asian stocks fell broadly on Tuesday, dragged down by banking shares, as fears over the fallout of Silicon Valley Bank’s…
Continue ReadingMasatoshi Ito, Japanese billionaire behind the rise of 7-Eleven, dies at 98
By Kathleen Magramo and Moeri Karasawa, CNN Masatoshi Ito, the Japanese billionaire who turned 7-Eleven convenience stores into a global empire, has…
Continue ReadingChina’s Andon Health says it has full access to funds parked at collapsed lender SVB
By Laura He, CNN China’s Andon Health, a maker of medical devices, says it has full access to funds parked at Silicon Valley Bank, after the US…
Continue ReadingCNBC’s Andrew Ross Sorkin says covering the SVB meltdown is like ‘walking a tight rope’
By Oliver Darcy, CNN Andrew Ross Sorkin woke up early Monday morning, long before the crack of dawn, after managing to sneak in a handful of hours of…
Continue Reading‘Absolutely idiotic’. SVB insider says employees are angry with CEO
By Matt Egan The blame game is on for who caused Silicon Valley Bank’s collapse, and the tech sector is pointing the finger at SVB CEO Greg…
Continue ReadingShould I pull my money out of the bank? What to know about bank failures
By Ramishah Maruf, CNN Is my money safe? That’s the question on many bank customers’ minds after the stunning failures of Silicon Valley…
Continue ReadingIs my money safe? How secure is the banking system? Your Silicon Valley Bank fallout questions, answered
By Ramishah Maruf, CNN The question on so many bank customers’ minds in the aftermath of Silicon Valley Bank’s stunning collapse: Is my…
Continue ReadingWhy Silicon Valley Bank collapsed and what it could mean
By Hanna Ziady, CNN Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a…
Continue ReadingEurope’s banking stocks suffer biggest drop in a year
By Anna Cooban, CNN Investors dumped European bank stocks for a third straight day Monday, despite dramatic moves over the weekend by the US and UK…
Continue ReadingLunchables are going to be rolled out directly to students. Here’s what’s in them
By Parija Kavilanz, CNN Business Kraft Heinz has succeeded in getting its ready-to-eat packaged Lunchables into school lunch programs starting this…
Continue ReadingChina’s Andon Health says it has full access to funds parked at collapsed lender SVB
By Laura He, CNN China’s Andon Health, a maker of medical devices, says it has full access to funds parked at Silicon Valley Bank, after the US…
Continue ReadingEurope’s banking stocks suffer biggest drop in a year
By Anna Cooban, CNN Investors dumped European bank stocks for a third straight day Monday, despite dramatic moves over the weekend by the US and UK…
Continue ReadingHow does a bank collapse in 48 hours? A timeline of the SVB fall
By Ramishah Maruf and Allison Morrow, CNN This week, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and…
Continue ReadingFrom Wile E. Coyote to edibles: Recession forecasts are getting weird
By Nicole Goodkind, CNN Understanding the economy is a complicated task, and even the experts are struggling to answer seemingly simple questions…
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