How the Arab world’s most populous country became addicted to debt
By CNN Staff Egypt has dug itself a massive hole of debt. On Friday, the International Monetary Fund (IMF) will extend a $3 billion loan to the…
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Elon Musk censors the press
By Oliver Darcy, CNN Elon Musk is no free speech warrior. The thin-skinned new Twitter owner on Thursday banned the accounts of several high-profile…
Continue ReadingStarbucks union starts three-day strike at 100 stores
By Chris Isidore, CNN Business About 100 Starbucks stores across America will be on strike for the next three days, as the union attempts to turn up…
Continue ReadingThe Grinch comes for retailers
By Nicole Goodkind, CNN Weaker-than-expected retail sales in November pummeled market sentiment on Thursday and raised the odds that the Federal…
Continue Reading‘Avatar: The Way of Water’ could be a ‘life saver’ for China’s cinemas
By Laura He and Cheng Cheng, CNN James Cameron’s “Avatar: The Way of Water” has premiered in China, 13 years after the original…
Continue Reading‘Avatar: The Way of Water’ gives James Cameron his first $100 million domestic debut
By Ramishah Maruf, CNN The highly anticipated “Avatar: The Way of Water” took in $134 million at the US box office, giving director James…
Continue ReadingElon Musk offers journalists he banned from Twitter ability to return under certain condition
By Oliver Darcy New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability…
Continue ReadingDelisting risks for China tech stocks averted as US gets ‘historic’ access to audit data
By Laura He, CNN US regulators have gained full access to the audits of Chinese companies for the first time, reducing the threat that tech giants…
Continue ReadingElon Musk bans several prominent journalists from Twitter, calling into question his commitment to free speech
By Oliver Darcy, CNN Business Twitter on Thursday evening banned the accounts of several high-profile journalists from the nation’s top news…
Continue ReadingElon Musk’s Twitter bans CNN, NYT, WaPo journalists without explanation
By Oliver Darcy, CNN Twitter on Thursday evening banned the accounts of several high-profile journalists from top news organizations without…
Continue ReadingNLRB opens door for union for college athletes
By Chris Isidore, CNN Are college athletes employees? In a potentially game-changing move, the National Labor Relations Board’s regional office…
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Companies are reining in holiday bonuses
By Alicia Wallace, CNN Last year, bonuses were bountiful. This year, economic uncertainty is bringing a chill to the holiday-season perk, according…
Continue ReadingAs more men leave the workforce, women are stepping in to fill those jobs
By Vanessa Yurkevich, CNN A typical morning at the Schnitzler household starts with David and Allison feeding their 17-month-old Winston. Allison,…
Continue ReadingTaco Bell is testing two new Mexican Pizza varieties
By Jordan Valinsky, CNN Business Taco Bell is spinning up new varieties of its popular Mexican Pizza. The chain revealed that it’s testing two…
Continue ReadingDow tumbles on recession fears. So much for a Santa Claus rally
By Paul R. La Monica, CNN Christmas is just 10 days away, and investors hoping for a Santa Claus rally have found little holiday cheer on Wall Street…
Continue ReadingMortgage rates drop for fifth week in a row
By Anna Bahney, CNN Mortgage rates fell once again this week, dipping for the fifth straight week. The 30-year fixed-rate mortgage averaged 6.31% in…
Continue Reading‘The mood is really grim’: Washington Post staffers livid at publisher Fred Ryan after layoff announcement
By Oliver Darcy, CNN Business Staffers at The Washington Post are livid at publisher Fred Ryan. That’s according to conversations I had on…
Continue Reading‘The mood is really grim’: Washington Post staffers livid at publisher Fred Ryan after layoff announcement
By Oliver Darcy, CNN Business Staffers at The Washington Post are livid at publisher Fred Ryan. That’s according to conversations I had on…
Continue ReadingRetail sales have dropped significantly
By Alicia Wallace, CNN Black Friday may have been back in fashion this year, but the strong turnout at the start of the holiday shopping season last…
Continue ReadingJobless claims fall to lowest level since September
By Alicia Wallace, CNN The number of first-time claims for unemployment benefits fell to 211,000 for the week ended December 10, according to data…
Continue ReadingJobless claims fall to lowest level since September
By Alicia Wallace, CNN The number of first-time claims for unemployment benefits fell to 211,000 for the week ended December 10, according to data…
Continue ReadingNo ‘pivot’ in inflation fight, but central bankers are easing up
By Julia Horowitz, CNN Central banks in Europe on Thursday joined the US Federal Reserve in slowing down the pace of interest rate hikes as…
Continue ReadingElon Musk sells another 22 million Tesla shares for $3.6 billion
By Chris Isidore, CNN Business Elon Musk just sold another 22 million shares of Tesla, raising $3.6 billion. Musk sold the shares on Monday, Tuesday…
Continue ReadingWarren Buffett is beating the market this year
By Paul R. La Monica, CNN Investors around the world have been trying to adjust their portfolios to contend with big interest rate hikes from the…
Continue ReadingAustralia passes law to cap energy prices against ‘wartime whims’
By Angus Watson, CNN Australia’s parliament passed a new law Thursday capping its domestic gas price and some states’ coal prices, a move…
Continue ReadingChina’s economy plunged before major Covid policy shift. A rebound may be months away
By Laura He, CNN The end of pandemic restrictions in China will eventually usher in a strong economic rebound as the country learns to live with the…
Continue ReadingBritish nurses launch historic strike, as pay and staffing crises threaten the NHS
By Rob Picheta, CNN Nurses across much of the UK launched a historic strike on Thursday, as they walked out of hospitals and onto picket lines after…
Continue ReadingDemocratic lawmakers urge Meta not to restore Trump’s account in January
By Brian Fung, CNN Two Democratic lawmakers on Wednesday urged Meta to maintain Donald Trump’s suspension from its platforms when it revisits…
Continue ReadingTaco Bell may add fries to its menu permanently to compete with McDonald’s
By Danielle Wiener-Bronner, CNN Taco Bell knows you want fries with that. Especially during lunch. To compete with rivals such as McDonald’s…
Continue ReadingWho’s manning the train? Railroads want a one-person crew
By Chris Isidore and Vanessa Yurkevich, CNN When a freight train travels across the country, two people are in the cab of the locomotive working to…
Continue ReadingWho’s manning the train? Railroads want a one-person crew
By Chris Isidore and Vanessa Yurkevich, CNN When a freight train travels across the country, two people are in the cab of the locomotive working to…
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New home sales rose in November, defying expectations
By Anna Bahney, CNN Business New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the…
Continue ReadingWhat to do about the highest interest rate in 15 years
By Jeanne Sahadi, CNN In its last policymaking meeting of the year, the Federal Reserve on Wednesday raised its benchmark interest rate for the…
Continue ReadingParents of Sam Bankman-Fried face scrutiny over their roles in FTX
By Allison Morrow, CNN Sam Bankman-Fried’s multibillion-dollar crypto empire was run primarily by “grossly inexperienced and…
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The Washington Post will conduct layoffs, its publisher says at contentious town hall
By Oliver Darcy, CNN The Washington Post will conduct layoffs in the coming year as it reorients itself for the future and reinvests in other areas,…
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An electric scooter company just pulled off Russia’s only IPO of the year
By Julia Horowitz, CNN An electric scooter service just became the only company to pull off an initial public offering in Russia this year. Whoosh,…
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Attention procrastinators: Drop-dead holiday shipping deadlines are coming soon
By Parija Kavilanz, CNN It happens every year — the mad dash to ship holiday gifts to get them to loved ones on time. And it bears repeating,…
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Bernard Arnault just became the world’s richest person. So who is he?
By Hanna Ziady, CNN Bernard Arnault, the chairman of French luxury goods giant LVMH, has just become the first European to top Bloomberg’s list…
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Investors are hoping for the economic tide to turn. The wait may soon be over
By Nicole Goodkind, CNN It’s been a harrowing year for markets and investors are tired. Months of sky-rocketing inflation and interest rates,…
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Elizabeth Warren unveils bipartisan bill to crack down on crypto money laundering
By Matt Egan, CNN As federal prosecutors seek to imprison former crypto darling Sam Bankman-Fried, Sen. Elizabeth Warren is attempting to push…
Continue ReadingChina bets on private sector to boost Covid-hit economy
By Laura He, CNN Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private…
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Why people in China are panic buying canned yellow peaches as Covid surges
By Laura He and Jennie Chen, CNN An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even…
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The Fed lifts rates by half a point, acknowledging that inflation is easing
By Nicole Goodkind, CNN The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an…
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Binance withdrawals jump to $3 billion in 24 hours, research firm says
By Michelle Toh, CNN Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as a deluge of…
Continue Reading Binance withdrawals jump to $3 billion in 24 hours, research firm says
By Michelle Toh, CNN Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as a deluge of…
Continue Reading‘Harry & Meghan’ is Netflix’s most watched documentary debut in its first week
by Gayle Harrington, CNN Netflix’s documentary about Prince Harry and Meghan, Duchess of Sussex, debuted with a total of 81.55 million hours…
Continue Reading‘Harry & Meghan’ is Netflix’s most watched documentary debut in its first week
by Gayle Harrington, CNN Netflix’s documentary about Prince Harry and Meghan, Duchess of Sussex, debuted with a total of 81.55 million hours…
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Danish bank pleads guilty to multi-billion dollar fraud scheme on U.S. Banks
By Hannah Rabinowitz, CNN Federal prosecutors announced a plea deal and $2 billion forfeiture Tuesday with Danske Bank, one of Denmark’s…
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Inflation may be easing, but grocery prices are still way up
By Danielle Wiener-Bronner, CNN Once again, food inflation is outpacing overall inflation. In the year through November, food got 10.6% more…
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OJ prices are rising: Florida orange production expected to fall to lowest level in over 80 years
By Danielle Wiener-Bronner, CNN The combination of extreme weather and a disease impacting citrus fruit is expected to drive down Florida’s…
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