The Fed wants to limit wage growth. That’s particularly bad for women
By Nicole Goodkind, CNN The US labor market is remarkably strong — unemployment is sitting at five-decade lows even as the Federal Reserve does all…
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Global markets sink after sharp selloff in US bank stocks
By Anna Cooban and Laura He, CNN Markets in Europe and Asia tumbled Friday following a sharp selloff in banking stocks in the United States as a…
Continue ReadingThe US economy added 311,000 jobs in February, outpacing expectations
By Alicia Wallace, CNN The US economy added 311,000 jobs in February, according to the latest monthly employment snapshot from the Bureau of Labor…
Continue ReadingLondon fears for its future as companies defect to Wall Street
By Hanna Ziady, CNN London is used to punching well above its weight in global financial markets. For years, the London Stock Exchange attracted an…
Continue ReadingDisney boss Bob Iger talks about the future of Marvel, ‘Star Wars,’ ESPN, and Hulu
By Oliver Darcy, CNN Bob Iger’s vision for Disney is coming into greater focus. In his appearance at Morgan Stanley’s annual Technology,…
Continue ReadingUnder legal threat from GOP lawmakers, Mastercard and Visa pause plan to track gun sales
By Nathaniel Meyersohn and Matt Egan, CNN Visa, Mastercard and Discover announced they will pause a plan to implement a new merchant category code…
Continue ReadingMarkets close sharply lower as bank stocks take a beating
By Nicole Goodkind, CNN Fear overtook Wall Street Thursday after SVB Financial Group, a bank that lends primarily to tech companies, told investors…
Continue ReadingFox CEO Lachlan Murdoch dismisses $1.6 billion defamation case revelations as ‘noise’
By Oliver Darcy, CNN Fox Corporation CEO Lachlan Murdoch on Thursday dismissed the revelations from Dominion Voting Systems’ $1.6 billion…
Continue ReadingMore than 3.2 million Calico Critters toys recalled after deaths of two children
By Parija Kavilanz, CNN More than 3.2 million Calico Critters toys that were sold in a set with a baby bottle and pacifier accessories are being…
Continue ReadingEurope’s defense industry is booming as governments stand by Ukraine
By Anna Cooban, CNN After months of soaring stock prices, Europe’s defense companies hardly needed another boost. But a tentative €2 billion…
Continue ReadingFebruary jobs preview: What to expect after January’s blowout report
By Alicia Wallace, CNN January’s jobs report delivered a heck of a surprise when it showed the US economy had added more than half a million…
Continue ReadingNow even the ‘smart money’ traders are using Reddit for stock tips
By Nicole Goodkind, CNN Reddit investors have been the butt of many jokes over the last few years, but could these much-maligned meme traders have…
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Federal safety regulator probing fatal Tesla crash
By Reuters The National Highway Traffic Safety Administration on Wednesday said it is opening a new special investigation into a February fatal crash…
Continue ReadingMortgage rates rise for the fifth-straight week
By Anna Bahney, CNN Mortgage rates edged further toward 7%, rising for the fifth consecutive week, as the Federal Reserve suggests rate increases…
Continue ReadingGM employees are ‘strongly encouraged’ to consider its voluntary separation program
By Jordan Valinsky, CNN Business General Motors said in January it would save $2 billion without planning any layoffs. But on Thursday it said it was…
Continue ReadingRussia could weaponize metal exports next, Citi warns
By Julia Horowitz, CNN Russia has restricted exports of natural gas to Europe and announced it will temporarily slash oil output this month in…
Continue ReadingCredit Suisse delays annual report after ‘late call’ from the SEC
By Hanna Ziady, CNN Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank has delayed the…
Continue ReadingJPMorgan Chase sues former executive Jes Staley over Jeffrey Epstein relationship
By David Goldman, CNN JPMorgan Chase sued former executive James Edward “Jes” Staley, who was largely responsible for JPMorgan’s…
Continue ReadingCrypto-friendly lender Silvergate collapses
By Allison Morrow, CNN Crypto-focused lender Silvergate said it is winding down operations and will liquidate the bank after being financially…
Continue ReadingWhite House calls Tucker Carlson ‘shameful’ in extraordinary rebuke
By David Goldman, CNN The White House lashed out at Fox News host Tucker Carlson Wednesday in an extraordinary rebuke of the late-night commentator…
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