Swiss 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…
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Starbucks 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…
Continue ReadingPost-2008 reforms didn’t solve the problem of ‘too big to fail’ banks
By Hanna Ziady and Julia Horowitz, CNN Regulation introduced after the 2008 financial crisis was supposed to make bank bailouts a thing of the past.…
Continue ReadingChina’s services activity jumps to decade high as economic recovery gets back on track
By Laura He, CNN A key index measuring the strength of China’s massive services sector jumped to its highest level in more than a decade, as…
Continue ReadingChinese cities are so broke, they’re cutting medical benefits for seniors
By Laura He, CNN China’s government, strapped for cash after years of enforcing a costly zero-Covid policy, is cutting medical benefits and…
Continue ReadingAt least 35 killed after falling into underground stepwell in Indian temple
By Jessie Yeung, Manveena Suri and Vedika Sud, CNN At least 35 people were killed Thursday after falling into a stepwell at a Hindu temple in central…
Continue ReadingUK joins trans-Pacific trade bloc in a deal likely to boost GDP by less than 0.1%
By Michael Rios and Michelle Toh, CNN Britain has reached an agreement to join a major free trade bloc in the Pacific region. The country will become…
Continue ReadingWSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…
Continue ReadingVirgin Orbit, Richard Branson’s rocket company, will lay off 85% of staff
By Jackie Wattles, CNN Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its…
Continue ReadingNews organizations reject Elon Musk’s demand of paying to keep checkmarks on Twitter
By Oliver Darcy, CNN News organizations have a message for Elon Musk: We are not going to pay you for checkmarks on Twitter. The New York Times, Los…
Continue ReadingHyundai and Kia theft trend has reached New York City
By Peter Valdes-Dapena, CNN Business Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was…
Continue ReadingStarbucks shareholders want more information about the company’s anti-union efforts
By Danielle Wiener-Bronner, CNN Starbucks’ investors have voted in favor of an independent review of the company’s aggressive anti-union…
Continue ReadingABC News lays off several senior executives amid broader Disney cost-cutting in ‘shock’ to newsroom
By Oliver Darcy, CNN Business ABC News on Thursday stunned staffers, laying off several senior executives and restructuring its newsroom amid a…
Continue ReadingBed Bath & Beyond says it will likely file for bankruptcy if it can’t sell $300 million in stock
By Nathaniel Meyersohn, CNN Bed Bath & Beyond will sell up to $300 million of its stock to repay creditors and fund its business as it struggles…
Continue ReadingMortgage rates fall for the third week in a row
By Anna Bahney, CNN Homebuyers saw another week of falling mortgage rates, with the average rate dropping last week for the third week in a row,…
Continue ReadingBanking crisis won’t hurt America’s credit rating unless stress intensifies, Moody’s says
By Matt Egan, CNN The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the…
Continue ReadingWSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…
Continue ReadingSam Bankman-Fried pleads not guilty to new federal charges
By Kara Scannell, CNN Sam Bankman-Fried, the founder of failed cryptocurrency trading platform FTX, pleaded not guilty to five new federal charges of…
Continue ReadingThe new Lamborghini is totally different than any car it’s ever made
By Peter Valdes-Dapena, CNN Business Soon, you’ll be able to plug in your Lamborghini. Closing out a half century of purely gasoline-powered…
Continue ReadingPutin admits sanctions could hurt Russia’s economy
By Hanna Ziady, CNN President Vladimir Putin has conceded that Western sanctions designed to starve the Kremlin of funds for its invasion of Ukraine…
Continue ReadingWhy skinny soda cans are everywhere
By Nathaniel Meyersohn, CNN Suddenly, your beverage is taller. Beverage brands rely on packaging shape and design to draw in consumers. Now…
Continue ReadingEx-Fox producer said she gave misleading testimony in Dominion case ‘to keep my job’
By Marshall Cohen and Kristina Sgueglia, CNN Abby Grossberg, the former Fox News producer who accused the right-wing network of pressuring her into…
Continue ReadingThe final estimate for GDP shows the US economy grew at 2.6% last quarter
By Alicia Wallace, CNN The US economy grew at a slower pace in the fourth quarter than initially estimated, as consumer spending continued to trail…
Continue ReadingThe final estimate for GDP shows the US economy grew at 2.6% last quarter
By Alicia Wallace, CNN The US economy grew at a slower pace in the fourth quarter than initially estimated, as consumer spending continued to trail…
Continue ReadingThe average Wall Street bonus fell by 26% last year
By Jeanne Sahadi, CNN The average annual Wall Street bonus fell to $176,700 last year, a 26% drop from the previous year’s average of $240,400,…
Continue ReadingBanking chaos has been bittersweet for crypto and wine
By Nicole Goodkind, CNN Silicon Valley Bank’s collapse earlier this month dealt a major blow to the wine and crypto firms that entrusted their…
Continue ReadingWSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…
Continue ReadingWall Street Journal reporter arrested in Russia on suspicion of ‘espionage’
By Sarah Dean and Anna Chernova, CNN Wall Street Journal reporter Evan Gershkovich has been arrested in Russia on suspicion of espionage, the first…
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 ReadingChina ‘confident and capable’ of hitting 2023 growth targets, new premier says at gathering of business leaders
By Laura He, CNN China’s newly minted Premier Li Qiang painted a bullish picture of his country’s economic recovery at a key business…
Continue Reading‘Companies are holding out’: Global IPO market slump endures
By Michelle Toh, CNN A slowdown in global initial public offerings continued in the first quarter of 2023 and is likely to endure in the coming…
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