TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit
By Ramishah Maruf, CNN TD Bank will pay $1.2 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated…
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Why the 2023 stock market rally may be over already
By Paul R. La Monica, CNN So much for that big stock market comeback this year. Sure, it’s only February. But the Dow is now down almost 1%…
Continue Reading‘Dilbert’ distributor and book publisher drop creator Scott Adams over his racist remarks
By Jon Passantino and Oliver Darcy, CNN Andrews McMeel Universal, the company that syndicates “Dilbert,” said it is cutting ties with the…
Continue ReadingUnion Pacific CEO to leave after push from activist shareholder
By Chris Isidore, CNN Union Pacific shares jumped 10% in premarket trading Monday after the railroad company announced CEO Lance Fritz, 60, will…
Continue ReadingPending home sales blew past expectations last month as buyers pounced on lower rates
By Anna Bahney, CNN Pending home sales crushed expectations in January, when mortgage rates dropped from recent highs of more than 7% and home buyers…
Continue ReadingCNN exclusive: Yellen says ‘so far, so good’ in US inflation battle
By Alicia Wallace, CNN Treasury Secretary Janet Yellen said Monday she believes US inflation remains too high but that a soft landing is on the…
Continue ReadingMeta cracks down on a growing crime against teenagers
(CNN) — Meta is taking steps to crack down on the spread of “revenge porn” images of teenagers on Facebook and Instagram. A new tool, called Take It…
Continue Reading‘South Park’ lawsuit: Warner Bros. Discovery sues Paramount for $500 million
By Ramishah Maruf, CNN Warner Bros. Discovery filed a lawsuit against Paramount Friday, claiming the rival media company breached its…
Continue ReadingRupert Murdoch acknowledged that Fox News hosts endorsed false stolen election claims
(CNN) — Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting Systems that some Fox News…
Continue ReadingElon Musk tweets support for ‘Dilbert’ creator after racist tirade
By Jordan Valinsky, CNN Elon Musk defended “Dilbert” creator Scott Adams after hundreds of newspapers stopped printing the comic strip…
Continue ReadingHundreds of newspapers drop ‘Dilbert’ comic strip after racist tirade from creator Scott Adams
by Oliver Darcy, CNN Newspapers across the country dropped the “Dilbert” comic strip over the weekend after the creator of the satirical…
Continue ReadingDemand has surged — not slumped — for Kanye West’s Yeezy sneakers, one CEO says
By Parija Kavilanz, CNN Adidas last year dumped Ye (formerly known as Kanye West) and his once hugely popular Yeezy clothing and sneaker brand…
Continue ReadingWhy the Fed is increasingly flying blind on the economy
By Nicole Goodkind, CNN Analysts have long expected a slowdown in the US labor market, but for the past 10 months, the data has come in better than…
Continue ReadingChina approved equivalent of two new coal plants a week in 2022, report finds
By Jessie Yeung, CNN China is surging ahead with coal, a new report shows, rapidly approving and building new power plants despite its own promises…
Continue ReadingEconomists’ crystal balls are growing cloudier. But they still expect a recession
By Alicia Wallace, CNN The US economy is confusing: Jobs are surging. Inflation has been cooling but still running relatively hot. Gas prices are on…
Continue ReadingMissing Chinese billionaire CEO assisting authorities in investigation, company says
By Ramishah Maruf, CNN Missing Chinese CEO Bao Fan is cooperating in an investigation by “certain authorities in the People’s Republic of…
Continue ReadingThere are new rules about severance agreements. Here’s what you need to know
By Jeanne Sahadi, CNN There have been many questions raised about the implications and reach of a recent decision by the National Labor Relations…
Continue ReadingLarry Summers: Why sanctions on Russia aren’t effective
By Ramishah Maruf, CNN Former Treasury Secretary Larry Summers said price caps on Russian energy should be stiffened up to maximize the impact of…
Continue ReadingInflation is doing a crab walk and Fed officials fear its pinch
By Nicole Goodkind, CNN The possibility of a 2023 market rally ground to a halt last week amid an onslaught of unfortunate inflation and economic…
Continue ReadingChina is helping to prop up the Russian economy. Here’s how
By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of…
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