The 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…
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The Future of Macy’s: New CEO is a veteran of Bloomingdale’s
By Nathaniel Meyersohn, CNN One of the highest profile jobs in retail will change hands next year. Macy’s CEO Jeff Gennette will retire in…
Continue ReadingAdidas does rapid U-turn in Black Lives Matter logo dispute
By Anna Cooban, CNN Adidas is backpedaling fast over its latest attempt to protect its iconic three-stripe mark. The German sportswear company said…
Continue ReadingBernie Sanders confronts former Starbucks CEO Howard Schultz on company’s labor practices
By Danielle Wiener-Bronner, CNN Senator Bernie Sanders, who has roundly criticized former Starbucks CEO Howard Schultz over the company’s…
Continue ReadingBank of England calls for urgent action on funds that nearly toppled UK financial system
By Julia Horowitz, CNN The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries about…
Continue ReadingHigh egg prices send profits at largest US producer soaring more than 700%
By Chris Isidore, CNN Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter…
Continue ReadingCup Noodles’ new ramen flavor puts your breakfast cravings into a cup
By Jordan Valinsky, CNN Business The high price of eggs and other breakfast staples is forcing some to look for cheaper breakfast alternatives. How…
Continue ReadingFederal regulators are back on Capitol Hill to explain the banking crisis
From CNN’s Krystal Hur, Nicole Goodkind and Allison Morrow The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros.…
Continue ReadingBrainard: US banking system is ‘sound’ and ‘stable’
By Alicia Wallace, CNN The broader US banking system remains sound and stable, but the two regional banks that failed were “poorly…
Continue ReadingCredit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says
By Matt Egan, CNN Credit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving…
Continue ReadingFoot Locker is closing 400 stores. They may become an eyesore
By Nathaniel Meyersohn, CNN Two major retail chains are closing roughly 800 stores. One company’s spaces likely will be filled, while the…
Continue ReadingUBS brings back Sergio Ermotti as CEO to oversee Credit Suisse rescue
By Michelle Toh and Hanna Ziady, CNN UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of…
Continue ReadingCalifornia governor signs bill giving energy commission oversight power on oil companies
By Taylor Romine, CNN California Gov. Gavin Newsom signed a bill into law Tuesday that gives the state’s energy commission oversight power on…
Continue ReadingThe big, electric Kia EV9 has carpets made out of recycled fishing nets
By Peter Valdes-Dapena, CNN Business The big Kia Telluride SUV, with three roomy rows of seats, has been a major hit for the South Korean car brand.…
Continue ReadingWhy Corporate America has grown silent on gun violence
By Nathaniel Meyersohn, CNN America’s biggest companies rushed to strengthen their gun safety policies after the mass shooting at a high school…
Continue ReadingCanadian billionaire and a group including Magic Johnson submit competing bids for Washington Commanders
By Matt Egan, CNN Two potential ownership groups are vying to buy the NFL’s Washington Commanders. Canadian billionaire Steve Apostolopoulos…
Continue ReadingTesla under investigation again from safety regulators, this time for seatbelt attachments
By Peter Valdes-Dapena, CNN The National Highway Traffic Safety Administration has opened an investigation into model year 2022 and 2023 Tesla Model…
Continue ReadingDominion wants Tucker Carlson, Sean Hannity and other Fox hosts and executives to take the stand at trial
By 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 ReadingUS has replaced Russia as Europe’s top crude oil supplier
By Anna Cooban, CNN The United States is now the biggest supplier of crude oil to the European Union. In December, 18% of the bloc’s crude…
Continue ReadingFTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say
By Allison Morrow, CNN Federal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing…
Continue ReadingPepsi has a new logo
By Danielle Wiener-Bronner, CNN If someone were to ask you to draw the Pepsi logo from memory, what would you draw? A circle, perhaps, with the red,…
Continue ReadingBeyond FDIC insurance: How protected is your money outside of banks?
By Jeanne Sahadi, CNN Just as stock market turmoil is a good reminder to make sure your investment portfolio is diversified, a few surprise bank…
Continue ReadingUS consumer confidence improved in March
By Alicia Wallace, CNN Confidence in the US economy ticked up in March, despite the sudden turmoil in the banking industry, according to the latest…
Continue ReadingBank of England on high alert as investors ‘test’ banks
By Hanna Ziady, CNN Bank of England governor Andrew Bailey has said investors are hunting for “points of weakness” in banking, as fears…
Continue ReadingUS home prices fell in January for the seventh-straight month
By Anna Bahney, CNN US home prices fell for the seventh month in a row in January, even as mortgage rates eased, according to the latest S&P…
Continue ReadingBanking chaos could break the strong job market
By Nicole Goodkind, CNN The job market has remained strong even as the Federal Reserve has spent a full year attempting to cool off the economy by…
Continue ReadingBeyond FDIC insurance: How protected is your money outside of banks?
By Jeanne Sahadi, CNN Just as stock market turmoil is a good reminder to make sure your investment portfolio is diversified, a few surprise bank…
Continue ReadingSix takeaways from the Senate hearing on recent bank failures
By Nicole Goodkind, CNN Silicon Valley Bank’s downfall sent waves of panic through the financial system earlier this month, setting off a chain…
Continue ReadingKakao wins control of K-pop powerhouse SM Entertainment
By Michelle Toh and Gawon Bae, CNN South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for…
Continue ReadingThe company behind Johnnie Walker and Guinness appoints first female CEO
By Hanna Ziady, CNN One of the world’s largest alcoholic drinks companies has appointed its first female CEO. Diageo, which makes Guinness beer…
Continue ReadingChina gave huge loans to some countries. Now it’s spending billions to bail them out
By Jessie Yeung, CNN For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence…
Continue ReadingChina’s new premier rolls out the welcome wagon for foreign companies
By Laura He, CNN China’s new premier, Li Qiang, has offered a hearty welcome to foreign companies in an effort to arrest a slump in business…
Continue ReadingChina’s new premier rolls out the welcome wagon for foreign companies
By Laura He, CNN China’s new premier, Li Qiang, has offered a hearty welcome to foreign companies in an effort to arrest a slump in business…
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 ReadingPrince Harry and Elton John are going to court in a high-profile fight against the Daily Mail
By Oliver Darcy, CNN Another high-octane case against a media outlet is getting underway — this one, across the pond in the UK. Both Prince Harry…
Continue ReadingChipotle agrees to pay ex-employees after closing store that tried to unionize
By Chris Isidore, CNN Chipotle Mexican Grill will pay a total $240,000 in salary and back pay to the former employees of an Augusta, Maine,…
Continue ReadingDisney 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 ReadingTaylor Swift fans take Ticketmaster to court over Eras Tour ticketing chaos
By Jennifer Korn, Ramishah Maruf and Camila Bernal, CNN Taylor Swift fans headed to court in Los Angeles Monday to face off against Ticketmaster…
Continue ReadingThis is why SVB imploded, says top Fed official
By 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 ReadingUS regulators sue crypto megaplatform Binance and its CEO
By Allison Morrow, CNN Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and its CEO for allegedly violating US…
Continue ReadingEurope’s banks are still at risk, regulator warns
By 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 ReadingWilliam Shatner is mad he may have to pay to keep his blue Twitter checkmark. Elon Musk says too bad
By 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 ReadingFox News producer who sued network over her Dominion testimony says she was fired, calls ex-coworkers ‘activists, not journalists’
By Marshall Cohen The Fox News producer who accused the right-wing network of pressuring her into giving misleading testimony in the Dominion…
Continue ReadingDominion wants Tucker Carlson, Sean Hannity and other Fox hosts and executives to take the stand at trial
By 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 ReadingHow the Fed’s latest rate increase will affect your bank savings
By 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 ReadingCommercial real estate is in trouble. Why you should be paying attention
By Nicole Goodkind, CNN Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving…
Continue ReadingStrikes in Germany disrupt flights and trains, ‘paralyzing’ Europe’s biggest economy
By Claudia Otto and Inke Kappeler Nationwide strikes in Germany — among its worst in decades — are causing huge disruption at the country’s…
Continue ReadingEurope’s banking stocks recover as SVB deal brings respite
By 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 ReadingSaudi National Bank chair resigns after Credit Suisse comments
By Hanna Ziady, CNN The chairman of Credit Suisse’s largest shareholder, Saudi National Bank, has resigned less than two weeks after comments…
Continue ReadingSilicon Valley Bank has a new owner. What it means for the bank crisis
By 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…
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