The Bahamas seizes digital assets from bankrupt FTX unit for ‘safekeeping’
By Matt Egan, CNN Business Authorities in the Bahamas have taken control of cryptocurrency assets held by a unit of bankrupt exchange FTX. The…
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Fed officials crushed investors’ hopes this week
By Nicole Goodkind, CNN Business Investors sleuthing for clues about what the Federal Reserve will decide during its December policy meeting got…
Continue ReadingExplosive traces found at Nord Stream pipeline indicate ‘gross sabotage,’ Sweden says
By Lindsay Isaac and Sophie Tanno, CNN The blasts at the Nord Stream pipeline in September were caused by an act of sabotage, Swedish prosecutors…
Continue ReadingTwitter employees head for the exits after Elon Musk’s ‘extremely hardcore’ work ultimatum
By Clare Duffy and Oliver Darcy, CNN Business Another employee exodus appears to be underway at Twitter as many workers rejected Elon Musk’s…
Continue ReadingBiden meets with business, labor leaders to highlight inflation progress
By Jeremy Diamond and Arlette Saenz, CNN President Joe Biden is meeting with business executives and labor leaders to highlight recent progress in…
Continue ReadingIndia’s first private rocket Vikram-S is launched into space
By Swati Gupta and Diksha Madhok, CNN Business Indian startup Skyroot Aerospace launched the country’s first privately developed rocket,…
Continue ReadingFoxconn has recruited 100,000 new workers for largest iPhone factory, state media reports
By Michelle Toh and CNN’s Beijing bureau, CNN Business More than 100,000 people have signed up for a massive recruitment drive by Apple’s…
Continue ReadingInside Twitter as ‘mass exodus’ of staffers throws platform’s future into uncertainty
By Oliver Darcy, CNN Business Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users…
Continue ReadingAmazon CEO says job cuts will continue into 2023
By Catherine Thorbecke, CNN Business Amazon CEO Andy Jassy said job cuts at the e-commerce giant would continue into early next year, in his first…
Continue ReadingAmazon CEO says job cuts will continue into next year
By Catherine Thorbecke, CNN Business Amazon CEO Andy Jassy said job cuts at the e-commerce giant would continue into early next year, in his first…
Continue ReadingTesla’s close-knit leadership team goes under the spotlight in court
By Matt McFarland, CNN Business The Tesla board of directors that created the largest compensation package in history for CEO Elon Musk was stocked…
Continue ReadingFreight railroads say strike can still be avoided
By Chris Isidore and Vanessa Yurkevich, CNN Business The trade group representing the nation’s freight railroads is confident that a strike by…
Continue ReadingThe ’12 Days of Christmas’ gifts will set you back a lot more this year
By Alicia Wallace, CNN Business Thanks to inflation, your “True Love” will have to spend a pretty (expensive) penny when showering you…
Continue ReadingGood luck finding an iPhone 14 Pro before Christmas
By Samantha Murphy Kelly, CNN Business If you haven’t ordered one of the higher-end iPhone 14 models by now, it may be harder than usual to get…
Continue ReadingAirbnb CEO on the tech downturn: ‘It’s like we’re all in a nightclub and the lights just came on’
By Catherine Thorbecke, CNN Business After years of seemingly unstoppable growth, the tech industry is now facing the “ultimate reality…
Continue ReadingAirbnb CEO on the tech downturn: ‘It’s like we’re all in a nightclub and the lights just came on’
By Catherine Thorbecke, CNN Business After years of seemingly unstoppable growth, the tech industry is now facing the “ultimate reality…
Continue ReadingStocks fall as fears of more big Fed rate hikes resurface
By Paul R. La Monica, CNN Business Wall Street cares only about one thing right now…and it’s not earnings, the state of the job market,…
Continue Reading‘Difficult decisions’: Britain announces higher taxes and spending cuts in warning sign for other governments
By Julia Horowitz, CNN Business The United Kingdom has already entered a recession and is battling decades-high inflation, eroding standards of…
Continue ReadingShoppers are pulling back at Macy’s and Kohl’s
By Nathaniel Meyersohn, CNN Business Middle-income shoppers have tightened their spending on clothing and home furnishings. That’s squeezing…
Continue ReadingChinese consumers are wary. Alibaba’s sales miss forecasts
By Paul R. La Monica, CNN Business The Chinese consumer is still under a lot of pressure. E-commerce giant Alibaba reported third quarter sales…
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