US lawmakers want answers from FTX’s Sam Bankman-Fried
By Allison Morrow, CNN Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate…
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News outlets are embracing TikTok in an effort to reach younger audiences, survey shows
By Oliver Darcy, CNN News publishers are getting in on the TikTok trend. That’s according to a brand new survey published Wednesday evening by…
Continue Reading News outlets are embracing TikTok in an effort to reach younger audiences, survey shows
By Oliver Darcy, CNN News publishers are getting in on the TikTok trend. That’s according to a brand new survey published Wednesday evening by…
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Oil tankers are getting stuck in the Black Sea. That could become a problem
By Hanna Ziady, CNN A bottleneck is building across an important trading route for oil, which if left unresolved could knock global supply and boost…
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Keystone Pipeline shuts down after oil leak, halting flow of 600,000 barrels a day
By Matt Egan, CNN Business The Keystone Pipeline has been shut down following a leak discovered near the border of Kansas and Nebraska. The shutdown…
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Rent the Runway rebounds as consumers shop for bargains
By Paul R. La Monica, CNN A recession may be coming, but consumers still want to look fashionable. Subscription clothing service Rent the Runway…
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US government budget deficit increased in November
By Alicia Wallace, CNN The US government recorded a monthly budget deficit of $249 billion in November, a 30% increase from a year earlier amid…
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Disney+ just got more expensive … unless you want ads
By Jordan Valinsky, CNN Business Disney+ is getting more expensive, unless you want ads. As of Thursday, Disney’s ad-free tier costs $10.99 per…
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Why we think we’re in a recession when the data says otherwise
By Nicole Goodkind, CNN Business It seems like you can’t go anywhere these days without colliding headfirst into another ominous prediction of…
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Tesla short sellers have made $11.5 billion profit this year
By Chris Isidore, CNN Business Here’s more bad news for Tesla CEO Elon Musk — as if he needs any. Investors who took short positions in Tesla…
Continue ReadingFirst on CNN: Defense bill takes aim at Russia’s pot of gold
By Matt Egan, CNN Business A must-pass defense bill now being negotiated in Congress includes new sanctions designed to trip up Russia’s war…
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US gas prices are now cheaper than they were a year ago
By Julia Horowitz, CNN Business US gasoline prices are now cheaper than they were one year ago, providing relief to Americans that have spent 2022…
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When China and Saudi Arabia meet, nothing matters more than oil
By Laura He, CNN Business Chinese President Xi Jinping is visiting Saudi Arabia this week for the first time in nearly seven years, during which he…
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New York Times journalists stage historic 24-hour strike after management and union fail to reach deal
By Oliver Darcy, CNN Business A 24-hour strike at The New York Times, a historic demonstration in which more than 1,100 employees are expected to…
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Congress is debating new retirement rules. These 7 changes are on the table
By Jeanne Sahadi, CNN Business New retirement rules could make it easier for Americans to accumulate retirement savings — and less costly to…
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What’s gone wrong at Beyond Meat
By Danielle Wiener-Bronner, CNN Business A slew of problems have stalled the growth of Beyond Meat, once a darling of Wall Street whose top product…
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The media business is in turmoil — but its stocks may be close to bottoming
By Paul R. La Monica, CNN Business The media sector has had a tumultuous 2022, culminating in the shocking return of Bob Iger as CEO of Disney and a…
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Elon Musk is no longer the richest man on the planet, according to Forbes
By Jordan Valinsky, CNN Business Elon Musk is no longer the world’s richest person, according to Forbes. On Thursday, Musk dropped to the…
Continue ReadingMove over kiddo. Teens and grownups want their own teddy bears
By Parija Kavilanz, CNN Business We know young kids love teddy bears and cute cuddly stuffed animals. But Build-A-Bear Workshop says older consumers…
Continue ReadingGM to put thousands of electric vehicle chargers in rural America
By Peter Valdes-Dapena, CNN Business General Motors is moving ahead with plans to install as many as 40,000 electric vehicle chargers in, mostly,…
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UK strikes to hit ambulance services, hospitals and trains in the run up to Christmas
By Hanna Ziady, CNN Business Britain is bracing for further disruption from strikes heading into the Christmas period, as ambulance drivers and…
Continue ReadingCoca-Cola is getting into Christmas movies
By Danielle Wiener-Bronner, CNN Business Coca-Cola is hoping that this holiday season, families will crack open some Cokes, settle into a comfy spot…
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Companies can’t imagine life without the CEO. That’s a problem
By Nicole Goodkind, CNN Business Nothing lasts forever, not even a good CEO. It’s been a nasty year for Fortune 500 companies and top…
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UK tries to shore up energy supply with US deal
By Hanna Ziady, CNN Business Britain has agreed a new energy partnership with the United States that aims to end its reliance on Russia and lower…
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The New York Times is bracing for a historic mass walkout as union negotiations go down to the wire
By Oliver Darcy, CNN Business The New York Times is preparing for more than 1,100 of its union staffers to go on strike for a full day Thursday —…
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The very last 747 jumbo jet just rolled off Boeing’s assembly line
By Chris Isidore, CNN Business After 53 years and more than 1,570 planes, the last Boeing 747 rolled off the assembly line in Washington state…
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Juul Labs settles litigation in the United States
By Rob McLean, CNN Business E-cigarette maker Juul Labs said Tuesday that it has settled litigation it faced in the United States, resolving a…
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Why the world’s top chip maker is doubling down on American manufacturing
By Allison Morrow, CNN Business The world’s leading producer of advanced computer chips, Taiwan Semiconductor Manufacturing Company, announced…
Continue Reading Why the world’s top chip maker is doubling down on American manufacturing
By Allison Morrow, CNN Business The world’s leading producer of advanced computer chips, Taiwan Semiconductor Manufacturing Company, announced…
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Congress wants to grill Live Nation’s CEO over the Taylor Swift Ticketmaster fiasco
By David Goldman, CNN Business Congress wants answers from the CEO of Ticketmaster’s parent company after a ticketing snafu ahead of Taylor…
Continue Reading The very last 747 jumbo jet just rolled off Boeing’s assembly line
By Chris Isidore, CNN Business After 53 years and more than 1,570 planes, the last Boeing 747 rolled off the assembly line in Washington state…
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Stocks sink again as CEOs sound alarm bells about economy
By Paul R. La Monica, CNN Business Some top CEOs appear to be worried that the economy could be the Grinch that steals Christmas this year. And…
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US oil plunges below $75 for first time since just before Christmas
By Matt Egan, CNN Business Oil prices have tumbled to their lowest level of the year as worries about the health of the economy overshadow concerns…
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BuzzFeed slashes 12% of its workforce, citing ‘worsening macroeconomic conditions’
By Oliver Darcy, CNN BuzzFeed on Tuesday said it would lay off approximately 12% of its staff, making the digital news and entertainment conglomerate…
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Meme stock mania may finally be over
By Paul R. La Monica, CNN Business It’s time to sing a requiem for a meme. Meme stocks, that is. Companies that attracted rabid followings from…
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Walmart CEO: Inflation on toys, clothing and sports equipment is easing
By Nathaniel Meyersohn, CNN Business Finally, shoppers are getting some good news about prices: Inflation is falling on discretionary merchandise…
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US trade deficit edged up to $78.2 billion in October
By Chris Isidore, CNN Business The US trade gap edged only slightly higher in October than the month before, to $78.2 billion. The latest reading was…
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McDonald’s franchisee violated child labor laws, investigation finds
By Danielle Wiener-Bronner, CNN Business A McDonald’s franchise operator has violated child labor laws, according to an investigation by the…
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‘Not how you treat friends.’ Biden’s climate plan strains trade ties with Europe
By Anna Cooban, CNN Business The world’s biggest economic relationship has hit a rough patch. The European Union and United States — together…
Continue ReadingPhiladelphia is launching a plant-based cream cheese
By Danielle Wiener-Bronner, CNN Business Philadelphia Cream Cheese is launching a non-dairy version of its signature spread. The plant-based cream…
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TSMC ups its Arizona chipmaking investment to $40 billion ahead of Biden’s visit
By Jordan Valinsky, CNN Business Taiwan Semiconductor Manufacturing Company is upping its investment in the United States, announcing Tuesday that…
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The last time the US faced a debt fight this bad it lost its AAA rating
By Nicole Goodkind, CNN Business Democrats and Republicans in Congress are gearing up for yet another political showdown over raising the…
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Shein tells suppliers to end long working days at factories by end of the month
By Juliana Liu, CNN Business Chinese fast fashion retailer Shein, the subject of recent controversy around alleged labor rights abuses, says it plans…
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The world will gain enough renewable energy in 5 years to power China, says IEA
By Hanna Ziady, CNN Business Global renewable power capacity is set to grow as much in the next five years as it has over the past two decades, as…
Continue ReadingThis former tech worker is helping change laws for people who get laid off
By Faith Karimi, CNN Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. It was a few…
Continue ReadingThis former tech worker is helping change laws for people who get laid off
By Faith Karimi, CNN Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020. It was a few…
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Al Jazeera submits Shireen Abu Akleh case to ICC
By Abeer Salman, Hadas Gold, Alex Stambaugh and Teele Rebane, CNN Al Jazeera has submitted a case to the International Criminal Court (ICC) over the…
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Rupert Murdoch set to be deposed in Dominion’s $1.6 billion defamation case
By Oliver Darcy, CNN Business Rupert Murdoch, the Fox Corporation chairman, is set to be deposed next week in Dominion Voting System’s $1.6…
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CEO economic outlook tumbles to two-year low
By Matt Egan, CNN Slower hiring. Weaker spending. And softer growth. That’s what America’s CEOs are bracing for as the economy heads into…
Continue Reading8 million cleaning products recalled over bacteria exposure risk
By Parija Kavilanz, CNN Business The Laundress brand of detergent and household cleaning products has recalled about eight million products because…
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