Did the economy end 2022 with a bang or a whimper?
By Paul R. La Monica, CNN Recession alarm bells are sounding. But are they premature? Yes, retail sales tumbled in December as inflation took its…
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Bank of America CEO predicts two years of pain ahead in the housing market
By Paul R. La Monica, CNN Business The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s…
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How an arcane 96-year-old law stopped the rail strike
By Chris Isidore, CNN Business Most labor disputes never end up being debated in Congress. But thanks to a nearly century-old law that regulates…
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Rail unions decry Biden’s call for Congress to block strike. Businesses praise the plan
By Chris Isidore and Matt McFarland, CNN Business President Joe Biden was in the unusual position Tuesday of being praised by business interests and…
Continue ReadingWhat protests in China may mean for the economy
By Nicole Goodkind, CNN Business Protests against China’s prolonged and restrictive Covid regulations spread across the country over the…
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Is this the last Christmas for Sears?
By Chris Isidore, CNN Business Tracy Easterling spent about an hour Sunday shopping at Sears, which used to be one of her favorite stores. She ended…
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The crypto winter claims Bitfront exchange as its latest casualty
By Diksha Madhok, CNN Business Bitfront, a crypto exchange backed by Japanese social media app Line, is shutting down after failing to overcome…
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As China grapples with rare protests, Shanghai Disneyland shuts over Covid curbs once again
Simone McCarthy, CNN Business Shanghai Disneyland has been closed again because of China’s Covid restrictions, just days after reopening…
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‘White paper’ protests: China’s top stationery supplier says it’s still selling A4 sheets
By Laura He, CNN Business The rare protests that spread across China over the weekend often featured demonstrators holding pieces of blank white…
Continue Reading ‘White paper’ protests: China’s top stationery supplier says it’s still selling A4 sheets
By Laura He, CNN Business The rare protests that spread across China over the weekend often featured demonstrators holding pieces of blank white…
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A Florida woman is suing Kraft for $5 million, saying Velveeta microwave mac and cheese takes longer to make than advertised
By Melissa Alonso and Zoe Sottile, CNN The label on a cup of Velveeta’s microwaveable mac and cheese says the meal only takes three and a half…
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Lawsuit alleges billionaire investor Leon Black raped a woman inside Jeffrey Epstein’s home
By Ramishah Maruf, CNN Business Billionaire investor Leon Black has been sued by a woman alleging he “brutal[ly]” raped her at Jeffrey…
Continue ReadingBaby product company recalls 10,500 of its stainless steel sippy cups over lead poisoning risk
By Zoe Sottile, CNN A baby product company has recalled around 10,500 sippy cups and bottles over lead poisoning risks. Green Sprouts, a North…
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‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
By Matt Egan More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start…
Continue Reading ‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
By Matt Egan More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start…
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Dow tumbles 500 points but could actually end the year in the green
By Paul R. La Monica, CNN Business Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or…
Continue ReadingA record $100 billion was paid out in life insurance benefits last year
By Jeanne Sahadi, CNN Business US life insurers paid out a record $100 billion in benefits in 2021, according to new data released Monday by the…
Continue ReadingBob Iger lays out his priorities for Disney as he returns as CEO
By Frank Pallotta, CNN Business Bob Iger was back at Disney headquarters on Monday to meet with employees for the first time since surprising the…
Continue ReadingBBC journalist ‘beaten and kicked by the police’ as protests spread across China
By Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
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US oil prices hit lowest level in nearly a year. Gas is down 6% in a month
By Anna Cooban, CNN Business US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19…
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BlockFi files for bankruptcy as FTX contagion grips crypto markets
By Allison Morrow, CNN Business Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed…
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Sunday was the busiest day at US airports since before the pandemic
By Chris Isidore, CNN Business Sunday marked the busiest day at US airports since the start of the pandemic — and though bad weather caused…
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Online Black Friday sales set a new record
By Jordan Valinsky, CNN Business Online Black Friday sales in the United States topped a record-breaking $9.12 billion this year, according to Adobe…
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Barclays CEO says he has cancer but will continue to run the bank
By Julia Horowitz, CNN Business The CEO of Barclays said Monday that he has been diagnosed with cancer. C.S. Venkatakrishnan, who is known as Venkat…
Continue ReadingBBC journalist ‘beaten and kicked by the police’ as protests spread across China
By Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
Continue ReadingBBC journalist ‘beaten and kicked by the police’ as protests spread across China
By Jennifer Deaton, CNN Business Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday…
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Global markets fall after protests erupt in China over Covid lockdowns
By Laura He, CNN Business Global markets fell on Monday after widespread protests in China against the country’s stringent Covid-19…
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Thousands of US flights delayed Sunday as major storm system hampers travel
By Samantha Beech and Keith Allen, CNN A severe weather system across several parts of the United States has prompted the three major airports…
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Self-checkout annoys some customers and helps shoplifters. Stores are adding it anyway
By Nathaniel Meyersohn, CNN Business Self-checkout arrived in the late 1980s at supermarkets. A decade later, it began spreading to big-box chains…
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JCPenney was once a shopping giant. Can it make a comeback?
By Nathaniel Meyersohn, CNN Business Marc Rosen didn’t flinch when he was offered the top job at JCPenney last year. A stalwart of…
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Frontier Airlines no longer has a customer service phone line
By Ramishah Maruf, CNN Customers who need flight information or want to make changes to travel plans can no longer call Frontier Airlines and speak…
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A rail strike won’t screw up your holidays. Here’s how it’ll affect you in other ways
By Chris Isidore, Vanessa Yurkevich and Matt Egan, CNN Business So once again the nation and its economy is facing the risk of a massive freight…
Continue ReadingThe mall where Black Friday refuses to die
By Alicia Wallace, CNN Business. Photographs by Jamie Kelter Davis for CNN The rise of e-commerce in recent years has taken its toll on in-person…
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Epstein accusers sue JP Morgan and Deutsche Bank, claiming banks benefited from sex trafficking operation
by Samantha Beech, CNN Two anonymous women who accuse the late Jeffrey Epstein of sexual abuse have filed separate civil lawsuits against JP Morgan…
Continue ReadingFord recalls over half a million SUVs after 20 fires break out
By Peter Valdes-Dapena, CNN Business Ford has announced another SUV recall, this time impacting about 520,000 Ford Escape and Bronco Sport compacts…
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‘It changes nothing.’ Nigerians unimpressed with redesigned banknotes
By Nimi Princewill, CNN Nigerians have criticized the “redesigning” of the country’s local currency proposed by its central bank to…
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Thanksgiving used to be a movie feast. This year? Slim pickings
By Frank Pallotta, CNN Business Thanksgiving weekend has historically offered a cornucopia of films, letting moviegoers get out of the house and kick…
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Holiday shopping seen solid, despite inflation
By Nathaniel Meyersohn, CNN Business Holiday shopping isn’t what it used to be. But many Americans are still expected to spend on Black Friday,…
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The West is struggling to set an oil price cap that hurts Russia
By Julia Horowitz, CNN Business Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a…
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Indian billionaire Gautam Adani’s flagship company is raising $2.5 billion
By Anna Cooban and Diksha Madhok, CNN Business Indian billionaire Gautam Adani’s business empire is planning to raise nearly $2.5 billion in a…
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In Britain, nearly 200,000 workers are striking on Black Friday
By Hanna Ziady, CNN Business Britain’s cost-of-living crisis is already taking the shine off Black Friday. Now, the annual shopping bonanza…
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Rats blamed for eating 500 kilograms of cannabis stored by Indian police
By Vedika Sud, CNN Rats in northern India have been accused of eating hundreds of kilograms of cannabis seized from drug dealers and stored in police…
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Adidas to launch investigation into allegations of inappropriate behavior made against Kanye West
By Gayle Harrington and Robert North, CNN Adidas will begin an investigation into allegations of misconduct against Kanye West, with whom the company…
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How a scoop by a little-known crypto site led to the fall of Sam Bankman-Fried and implosion of FTX
By Oliver Darcy, CNN Business The staggering level of apparent deception staged by former crypto king Sam Bankman-Fried wasn’t uncovered by…
Continue ReadingWhat protests in China may mean for the economy
By Nicole Goodkind, CNN Business Protests against China’s prolonged and restrictive Covid regulations spread across the country over the…
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Here’s what’s open and closed on Thanksgiving
By Jennifer Korn, CNN Business Stores and businesses across the United States will be closed Thursday as Americans celebrate Thanksgiving — but it…
Continue ReadingFoxconn offers to pay workers to leave world’s largest iPhone factory after violent protests
By Nectar Gan and Juliana Liu, CNN Business Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the…
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Mortgage rates fall for the second week in a row
By Anna Bahney, CNN Business Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate…
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Chicken prices are finally starting to fall. You can thank busy roosters
By Danielle Wiener-Bronner, CNN Business Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. Strong…
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The Fed offers more clues about rate hikes
By Paul R. La Monica, CNN Business Americans are getting ready for food, family and football on Thursday, but investors were still holding off until…
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