What the wave of tech layoffs tell us about the economy
By Nicole Goodkind, CNN Business Friday’s jobs report came in strong: the US economy added 261,000 new jobs in October, blowing away analyst…
Continue ReadingMoney
Ryanair is booming as flyers ditch pricier airlines
By Hanna Ziady, CNN Business Ryanair carried a record number of passengers over the summer and says its budget friendly airfares will attract even…
Continue Reading‘SNL’ has Trump plead his case to restore banned Twitter account
By Frank Pallotta, CNN Business It’s been a crazy few weeks for Twitter, and “SNL” made the most of the chaos. Elon Musk completed…
Continue ReadingApple expects iPhone 14 shipments to be hit by China’s Covid curbs
By Diksha Madhok, CNN Business Apple has said that shipments of its latest lineup of iPhones will be “temporarily impacted” by Covid…
Continue ReadingWorkers vote against first unionizing effort at Home Depot
By Chris Isidore, CNN Business Workers at a Home Depot in Philadelphia overwhelmingly voted against becoming the first store in the chain to be…
Continue ReadingFormer MoviePass executives face fraud charges
By Jennifer Korn MoviePass’s former CEO and the leader of its former parent company have been indicted on securities fraud charges for…
Continue ReadingHow the midterms could affect Wall Street
By Paul R. La Monica, CNN Business Last week was a volatile one on Wall Street, with stocks falling after Federal Reserve chair Jerome Powell dashed…
Continue ReadingWith Twitter in chaos, Mastodon is on fire
By Rachel Metz, CNN Business In the week since Elon Musk took over Twitter, the number of people signing up for a small social network called…
Continue ReadingTwitter prepares to roll out new paid subscription service that includes blue checkmark
by Brian Fung, CNN Twitter on Saturday launched an updated version of its iOS app that promises to allow users to pay a monthly subscription to…
Continue ReadingNike suspends relationship with Kyrie Irving
By Jill Martin and Aya Elamroussi, CNN Nike is suspending its relationship with Brooklyn Nets point guard Kyrie Irving, the company said in an…
Continue ReadingWhy is the Powerball prize at a record? Thank Fed Chairman Jerome Powell
By Chris Isidore, CNN Business One of the reasons for the record $1.9 billion jackpot for the Powerball drawing Monday night is something you…
Continue ReadingWhy Costco and Trader Joe’s stopped selling your favorite food
By Nathaniel Meyersohn, CNN Business Chances are, you’ve been there: You head to Trader Joe’s to buy caramel popcorn, churro bites and…
Continue ReadingNBC News pulls report on Paul Pelosi attack
By Oliver Darcy, CNN Business NBC News on Friday pulled a report about the attack on Paul Pelosi that the network said did not meet its standards.…
Continue ReadingHelicopter misses rocket booster in wild attempt to recapture it after flight
By Jackie Wattles, CNN Business Rocket Lab, a start-up building small orbital rockets, kicked off another successful mission on Friday — but it…
Continue ReadingGeorgia shoe manufacturer lays off most of workforce after Adidas stops Yeezy production
By Melissa Alonso, CNN Okabashi, an Adidas manufacturing partner and family-owned footwear company in Buford, Georgia, has laid off 142 employees as…
Continue ReadingLabor Secretary says Congress needs to block rail strikes without new deals
By Chris Isidore, CNN Business Labor Secretary Marty Walsh says he hopes negotiators between railroads and some rail unions can reach new labor deals…
Continue ReadingPuma’s outgoing CEO could lead rival Adidas next
By Julia Horowitz, CNN Business Adidas could snap up the boss of crosstown rival Puma to succeed outgoing CEO Kasper Rorsted. The sportswear company…
Continue ReadingStocks in Hong Kong log best week in more than a decade
By Julia Horowitz, CNN Business Global investors have two big questions on their minds: When will the Federal Reserve become less aggressive in its…
Continue ReadingMixed bag for jobs: Employers keep hiring, but unemployment rises
By Chris Isidore, CNN Business The white-hot US labor market is showing signs of cooling, with the Labor Department reporting Friday a slower pace of…
Continue ReadingInterest rates will keep rising. How high will they go?
By Nicole Goodkind, CNN Business What will the Federal Reserve do at its meeting in December? Analysts can speculate all they want, but Fed officials…
Continue Reading