US bank run victims were bailed out in 3 days. In China, many have been waiting a year
By Selina Wang, CNN Wearing surgical masks to cover their faces, dozens of people demonstrated outside a branch office of China’s central bank…
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Tesla shareholder group complains Elon Musk is too distracted to run company
By Chris Isidore, CNN A group of progressive Tesla shareholders want the company’s board of directors to make CEO Elon Musk concentrate more on…
Continue Reading5.5% may be a magic number for mortgage rates
By Anna Bahney, CNN Home buyers have proved to be mortgage rate sensitive, with home sales over the past year tanking as rates have surged, and…
Continue ReadingGovernment watchdogs propose tougher scrutiny of nonbank financial companies
Bryan Mena, CNN In response to last month’s turbulence in the banking industry, financial regulators on Friday proposed a more comprehensive…
Continue ReadingSVB Financial Group: CEO Greg Becker and CFO Daniel Beck have resigned
By David Goldman, CNN SVB Financial Group, the company that owned the failed Silicon Valley Bank until the US government took it over last month,…
Continue ReadingTesla reverses course, raises prices on two top-end models
By Chris Isidore, CNN After a series of price cuts throughout most of this year, Tesla is raising the prices of its two upper-end models: the Model S…
Continue ReadingEasily stolen Hyundais and Kias should be recalled, more than a dozen attorneys general say
By Rebekah Riess and Peter Valdes-Dapena, CNN A coalition of attorneys general for 17 states and the District of Columbia on Thursday called for a…
Continue ReadingEuropean air traffic control says attack by ‘pro-Russian hackers’ not affecting flights
By Julia Horowitz and Catherine Nicholls, CNN Europe’s air traffic control authority says it has been battling an ongoing attack, claimed by…
Continue ReadingIs Big Oil running out of gas?
By Nicole Goodkind, CNN Oil and gas stocks have been on a two-year tear, ripping ahead as natural gas prices surged due to supply chain kinks, a…
Continue ReadingRussia’s shadowy energy trade is raising fears of a devastating oil spill
By Clare Sebastian, Livvy Doherty and Julia Horowitz, CNN The waters of the Bay of Lakonikos, on the south-eastern side of Greece’s Peloponnese…
Continue ReadingBMW’s Mini apologizes after meltdown over ice cream at Shanghai auto show
By Nectar Gan, CNN BMW has landed in hot water in China over tubs of ice cream. The luxury German automaker’s Mini unit had to apologize…
Continue ReadingLachlan Murdoch drops defamation suit against Australian outlet Crikey in wake of massive Dominion settlement
By Oliver Darcy, CNN Fox Corporation chief executive Lachlan Murdoch on Friday dropped his defamation lawsuit against the publisher of Crikey, the…
Continue ReadingSmartmatic wants more than Dominion’s $787 million payout, plus a retraction from Fox for its 2020 election lies, lawyer says
By Marshall Cohen, CNN A top lawyer for Smartmatic, the voting technology company whose defamation lawsuit against Fox News is still pending, said…
Continue ReadingBlackstone is the latest victim of the weakening commercial real estate market
By Nicole Goodkind, CNN The ongoing commercial real estate slowdown has a new victim: Blackstone, the largest owner of commercial real estate…
Continue ReadingThe $787.5 million settlement Fox agreed to pay is a lot. But its net cost will likely be much less
By Jeanne Sahadi, CNN The $787.5 million settlement that Fox News has agreed to pay in the historic defamation case from Dominion Voting Systems is a…
Continue ReadingMarkets are starting to get worried about the debt ceiling
Elisabeth Buchwald, CNN You’d hardly know by looking at financial markets that the US debt limit was breached in January. But that’s…
Continue ReadingTesla shares plunge on lower prices, tighter profit margins
By Chris Isidore, CNN Tesla has cut the prices of its EVs repeatedly this year. Now investors are cutting the price of its shares. Shares of Tesla…
Continue ReadingCFPB says employee sent confidential data of 256,000 consumers to personal email
By Krystal Hur, CNN An employee at the Consumer Financial Protection Bureau sent confidential data about hundreds of thousands of consumer accounts…
Continue ReadingCEO questions whether parents who are primary caregivers are being ‘fair’ to employers and children
By Chris Isidore, CNN A Utah CEO who is demanding that many of his remote employees start working in the company’s offices says staff members…
Continue ReadingMortgage rates climb to the highest level in a month
By Anna Bahney, CNN Mortgage rates rose this week, after five weeks of falling. The 30-year fixed-rate mortgage averaged 6.39% in the week ending…
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