Bank of America CEO predicts two years of pain ahead in the housing market
By Paul R. La Monica, CNN Business The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s…
Continue ReadingMoney
The crypto winter claims Bitfront exchange as its latest casualty
By Diksha Madhok, CNN Business Bitfront, a crypto exchange backed by Japanese social media app Line, is shutting down after failing to overcome…
Continue ReadingAs China grapples with rare protests, Shanghai Disneyland shuts over Covid curbs once again
Simone McCarthy, CNN Business Shanghai Disneyland has been closed again because of China’s Covid restrictions, just days after reopening…
Continue Reading‘White paper’ protests: China’s top stationery supplier says it’s still selling A4 sheets
By Laura He, CNN Business The rare protests that spread across China over the weekend often featured demonstrators holding pieces of blank white…
Continue ReadingElon Musk claims Apple has ‘threatened to withhold’ Twitter from its app store
By Clare Duffy, CNN Business Elon Musk on Monday claimed that Apple has “threatened” to pull Twitter from its iOS app store, a move that…
Continue ReadingA Florida woman is suing Kraft for $5 million, saying Velveeta microwave mac and cheese takes longer to make than advertised
By Melissa Alonso and Zoe Sottile, CNN The label on a cup of Velveeta’s microwaveable mac and cheese says the meal only takes three and a half…
Continue ReadingLawsuit alleges billionaire investor Leon Black raped a woman inside Jeffrey Epstein’s home
By Ramishah Maruf, CNN Business Billionaire investor Leon Black has been sued by a woman alleging he “brutal[ly]” raped her at Jeffrey…
Continue ReadingTwitter searches for China protests bombarded by spam and porn, raising alarms among researchers
By Brian Fung, CNN Business Twitter searches for the widespread Covid-19-related protests in China are returning a flood of spam, pornography and…
Continue ReadingTwitter searches for China protests bombarded by spam and porn, raising alarms among researchers
By Brian Fung, CNN Business Twitter searches for the widespread Covid-19-related protests in China are returning a flood of spam, pornography and…
Continue ReadingBaby product company recalls 10,500 of its stainless steel sippy cups over lead poisoning risk
By Zoe Sottile, CNN A baby product company has recalled around 10,500 sippy cups and bottles over lead poisoning risks. Green Sprouts, a North…
Continue ReadingDow tumbles 500 points but could actually end the year in the green
By Paul R. La Monica, CNN Business Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or…
Continue ReadingA record $100 billion was paid out in life insurance benefits last year
By Jeanne Sahadi, CNN Business US life insurers paid out a record $100 billion in benefits in 2021, according to new data released Monday by the…
Continue ReadingIrish regulator fines Meta $275 million for violations of Europe’s data privacy law
By Brian Fung, CNN Business Meta has been fined roughly $275 million by Ireland’s data privacy regulator for failing to prevent hackers from…
Continue ReadingBob Iger lays out his priorities for Disney as he returns as CEO
By Frank Pallotta, CNN Business Bob Iger was back at Disney headquarters on Monday to meet with employees for the first time since surprising the…
Continue ReadingBlockFi files for bankruptcy as FTX contagion grips crypto markets
By Allison Morrow, CNN Business Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed…
Continue ReadingSunday was the busiest day at US airports since before the pandemic
By Chris Isidore, CNN Business Sunday marked the busiest day at US airports since the start of the pandemic — and though bad weather caused…
Continue Reading‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike
By Matt Egan More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start…
Continue ReadingOnline Black Friday sales set a new record
By Jordan Valinsky, CNN Business Online Black Friday sales in the United States topped a record-breaking $9.12 billion this year, according to Adobe…
Continue ReadingUS oil prices hit lowest level in nearly a year. Gas is down 6% in a month
By Anna Cooban, CNN Business US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19…
Continue ReadingBarclays CEO says he has cancer but will continue to run the bank
By Julia Horowitz, CNN Business The CEO of Barclays said Monday that he has been diagnosed with cancer. C.S. Venkatakrishnan, who is known as Venkat…
Continue Reading