Wall Street’s lavish bonuses are getting slashed
By Allison Morrow, CNN Business Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a…
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Wall Street’s lavish bonuses are getting slashed
By Allison Morrow, CNN Business Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a…
Continue Reading Wall Street’s lavish bonuses are getting slashed
By Allison Morrow, CNN Business Last year was a busy, chaotic one on Wall Street. Mergers, acquisitions and new stock listings were going a mile a…
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This is a great time to be an airline. It’s the worst time to be a passenger
By Chris Isidore, CNN Business US airlines just had one of the most lucrative quarters in history. Passengers are suffering for it. The record…
Continue Reading This is a great time to be an airline. It’s the worst time to be a passenger
By Chris Isidore, CNN Business US airlines just had one of the most lucrative quarters in history. Passengers are suffering for it. The record…
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Lucid shares plunge as it cuts production target in half
By Chris Isidore, CNN Business Shares of luxury electric car maker Lucid plunged more than 10% Thursday after the company disclosed it will make…
Continue ReadingOpinion: 5 ways the Inflation Reduction Act will help American families
Opinion by Van Jones and Jessie Buendia for CNN Business Perspectives America needs a new approach to energy. Nothing has shown that as well as the…
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Is anyone buying couches and beds from Wayfair anymore?
By Nathaniel Meyersohn, CNN Business Early in the pandemic, people realized they were going to be spending a lot more time at home. So they decided…
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Ex-Fed insider: A full-blown recession is ‘almost certainly’ coming
By Matt Egan, CNN Business The Federal Reserve’s war on inflation will eventually kill the economic recovery from Covid-19, former Fed official…
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Mortgage rates drop below 5% for first time since April
By Anna Bahney, CNN Business Mortgage rates dropped for the second week in a row, falling below 5% for the first time since mid-April. The 30-year…
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Alibaba shares pop as revenue beats expectations
By Michelle Toh, CNN Business Alibaba just posted flat revenue growth for the first time since becoming a public company, but investors don’t…
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The party is over at Robinhood. But meme mania lingers
By Julia Horowitz, CNN Business Robinhood got off to a rocky start when it made its Wall Street debut one year ago, but hopes for the buzzy trading…
Continue Reading The party is over at Robinhood. But meme mania lingers
By Julia Horowitz, CNN Business Robinhood got off to a rocky start when it made its Wall Street debut one year ago, but hopes for the buzzy trading…
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The Bank of England just made its biggest rate hike in 27 years
By Anna Cooban, CNN Business Central bankers in the United Kingdom have announced the biggest increase in interest rates in 27 years, as spiraling…
Continue ReadingChina’s military drills around Taiwan threaten to upend global trade
By Laura He, CNN Business China’s live-fire military drills around Taiwan are threatening to disrupt trade and commercial travel in East Asia,…
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Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
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New head of Alex Jones’ company faces questions from lawyers for Sandy Hook families
By Sonia Moghe, CNN The accountant now in charge of overseeing right-wing conspiracy theorist Alex Jones’ company Free Speech Systems through…
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Walmart is laying off corporate employees
by Matt Egan, CNN Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after…
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Sandy Hook family attorney exposes Alex Jones’ dishonesty during brutal cross-examination
By Oliver Darcy, CNN Business The dishonesty of right-wing conspiracy theorist Alex Jones was spotlighted in a Texas court on Wednesday as a lawyer…
Continue ReadingThis company is turning heaps of plastic trash into construction building blocks
By Parija Kavilanz, CNN Business Imagine taking heaps and heaps of earth-polluting, unusable plastic waste and actually transforming it into…
Continue ReadingThis company is turning heaps of plastic trash into construction building blocks
By Parija Kavilanz, CNN Business Imagine taking heaps and heaps of earth-polluting, unusable plastic waste and actually transforming it into…
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TJ Maxx and Marshalls sold dangerous baby products after they were recalled
By Parija Kavilanz, CNN Business TJX, which operates popular discount chains TJ Maxx, Marshalls and Home Goods, agreed to pay a fine of $13 million…
Continue ReadingWarren Buffett has another reason to hate Robinhood
By Nicole Goodkind, CNN Business It’s no secret that Warren Buffett isn’t a fan of Robinhood. The Oracle of Omaha has been sparring with…
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Mexican Pizza gave Taco Bell an enormous sales boost
By Danielle Wiener-Bronner, CNN Business Taco Bell can thank Mexican Pizza for a boost in sales last quarter. Sales at US Taco Bell stores open at…
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Here’s why gas prices are sinking
By Matt Egan, CNN Business Prices at the pump continue to sink, providing relief to inflation-weary consumers and an economy mired in a slowdown. The…
Continue ReadingEquifax issued wrong credit scores for millions of consumers
By Alexandra Peers, CNN Business Credit giant Equifax sent lenders incorrect credit scores for millions of consumers this spring, in a technology…
Continue ReadingEquifax issued wrong credit scores for millions of consumers
By Alexandra Peers, CNN Business Credit giant Equifax sent lenders incorrect credit scores for millions of consumers this spring, in a technology…
Continue Reading Sandy Hook family attorney exposes Alex Jones’ dishonesty during brutal cross-examination
By Oliver Darcy, CNN Business The dishonesty of right-wing conspiracy theorist Alex Jones was spotlighted in a Texas court on Wednesday as a lawyer…
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OPEC agrees to produce slightly more oil as recession fears loom
By Anna Cooban, CNN Business The world’s oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global…
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The buyback bogeyman is back. How worried should we be?
By Nicole Goodkind, CNN Business Americans may be wondering why they’re forced to spend more than $4 per gallon at the pump while energy…
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Pelosi’s Taiwan trip is another knock to China’s yuan
By Julia Horowitz, CNN Business China’s yuan has fared better than many other major currencies this year. It’s shed 6.5% against the US…
Continue Reading Jury finds Alex Jones caused $4 million in damages to two Sandy Hook parents
By Oliver Darcy, CNN Business Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4…
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How a little-known stock soared 21,000% to overtake Costco
By Michelle Toh, CNN Business The Reddit retail army is back. A little-known Hong Kong-based company appears to have become the latest obsession of…
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China hits Taiwan with trade restrictions after Pelosi visit
By Laura He and CNN’s Beijing Bureau, CNN Business China has suspended some trade with Taiwan in apparent retribution for a visit by the US…
Continue Reading China hits Taiwan with trade restrictions after Pelosi visit
By Laura He and CNN’s Beijing Bureau, CNN Business China has suspended some trade with Taiwan in apparent retribution for a visit by the US…
Continue ReadingSandy Hook parents testify about the ‘hell’ Alex Jones inflicted on them through lies about the shooting
By Oliver Darcy, CNN Business The parents of a child who was murdered during the 2012 Sandy Hook shooting delivered emotional testimony in a Texas…
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Starbucks sales falter in China because of Covid restrictions
By Danielle Wiener-Bronner, CNN Business Starbucks sales took a plunge in China due to the country’s strict Covid-19 restrictions. In the three…
Continue ReadingSandy Hook parents testify about the ‘hell’ Alex Jones inflicted on them through lies about the shooting
By Oliver Darcy, CNN Business The parents of a child who was murdered during the 2012 Sandy Hook shooting delivered emotional testimony in a Texas…
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The number of available jobs shrank in June
By Alicia Wallace, CNN Business The number of available jobs in the US shrank considerably in June, according to new data released Tuesday by the…
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Americans are piling up credit card debt as they struggle to keep up with the high cost of living
By Matt Egan, CNN Business Americans are piling up credit card debt as they struggle to keep up with the high cost of living. US household debt…
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Taco Bell is bringing back Mexican Pizza
By Jordan Valinsky, CNN Business Taco Bell’s Mexican Pizza is finally returning to menus following a three-month absence. The chain announced…
Continue Reading Americans are piling up credit card debt as they struggle to keep up with the high cost of living
By Matt Egan, CNN Business Americans are piling up credit card debt as they struggle to keep up with the high cost of living. US household debt…
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The summer stock rally could produce more pain
By Julia Horowitz, CNN Business Investors are anxious, tired and gloomy as they digest the worst start to the year since 1970 and try to chart a path…
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Nancy Pelosi’s Taiwan trip sends stocks tumbling
By Laura He, CNN Business Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi’s visit to Taiwan could severely…
Continue Reading Nancy Pelosi’s plan to visit Taiwan sends stocks tumbling
By Laura He, CNN Business Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi’s expected visit to Taiwan could…
Continue Reading Nancy Pelosi’s Taiwan trip sends stocks tumbling
By Laura He, CNN Business Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi’s visit to Taiwan could severely…
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Major news organizations sue Texas Department of Public Safety for public records on Uvalde shooting
By Brian Stelter, CNN Business More than a dozen major news organizations have filed a lawsuit against the Texas Department of Public Safety to…
Continue Reading Major news organizations sue Texas Department of Public Safety for public records on Uvalde shooting
By Brian Stelter, CNN Business More than a dozen major news organizations have filed a lawsuit against the Texas Department of Public Safety to…
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Here come the discounts at Walmart, Best Buy and Gap
By Nathaniel Meyersohn, CNN Business A glimmer of relief is emerging at the checkout aisle: the return of discounts. Walmart, Best Buy, Gap, Target,…
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What’s next for the US housing market
By Anna Bahney, CNN Business So far this year, the real estate market has not been going the way many prospective homebuyers had hoped. Home prices…
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