Inflation is cooling, and Wall Street loves it
By Paul R. La Monica, CNN Business Stocks ended the day higher Tuesday after the US government reported that wholesale prices rose at a far less…
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Yet another key economic report is showing inflation pressures are easing
By Alicia Wallace, CNN Business A key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest…
Continue ReadingWalmart agrees to $3.1 billion opioid settlement framework
By Kristina Sgueglia, CNN Walmart agreed to the framework of a $3.1 billion settlement, which resolves allegations from multiple states’…
Continue ReadingWealthier shoppers turn to Walmart for groceries
By Nathaniel Meyersohn, CNN Business Wealthier customers pinched by inflation are switching to Walmart for groceries, boosting sales at…
Continue ReadingHow the crypto fallout could affect you
By Nicole Goodkind, CNN Business The crypto industry is still reeling from last week’s shocking death spiral of digital currency exchange FTX.…
Continue ReadingFTX crash is eerily similar to the Bernie Madoff scandal, ex-regulator Sheila Bair says
By Matt Egan, CNN Business In the span of just three years, Sam Bankman-Fried built FTX into a massive crypto exchange backed by marquee investors…
Continue ReadingKraft Heinz turns to gimmicks and nostalgia to revive its ‘dusty’ brands
By Danielle Wiener-Bronner, CNN Business Oscar Mayer. Velveeta. Capri Sun. Kraft Heinz CEO Miguel Patricio admits: Some of the company’s iconic…
Continue ReadingWho is Binance founder Changpeng ‘CZ’ Zhao, the billionaire who wants to ‘rebuild’ crypto?
By Michelle Toh, CNN Business Binance founder and CEO Changpeng Zhao is once again in the global spotlight, this time as the self-appointed white…
Continue ReadingWarren Buffett’s company buys $4 billion stake in Taiwanese chip giant TSMC
By Diksha Madhok, CNN Business Shares of Taiwan Semiconductor Manufacturing Company surged on Tuesday after Warren Buffett’s Berkshire Hathaway…
Continue Reading48,000 University of California academic workers go on strike
By Stella Chan and Taylor Romine, CNN About 48,000 academic employees across the University of California system walked off the job Monday morning,…
Continue ReadingMacKenzie Scott announces another $2 billion in donations
By Ramishah Maruf, CNN Business Billionaire philanthropist MacKenzie Scott has donated almost $2 billion to more than 300 organizations in the last…
Continue ReadingNew York Times: Amazon plans to lay off thousands of employees
By Catherine Thorbecke, CNN Business Amazon is planning to lay off some 10,000 employees in corporate and technology jobs, the New York Times…
Continue ReadingSlower pace of rate increases could be coming ‘soon,’ says Fed vice chair
By Alicia Wallace, CNN Business It could soon be time for the Federal Reserve to ease up on its super-sized rate interest hikes, according to the…
Continue ReadingCustomers who trusted crypto giant FTX may be left with nothing
By Allison Morrow, CNN Business As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how…
Continue ReadingGoogle agrees to $392 million settlement with 40 states over location tracking practices
By Jennifer Korn, CNN Business Google has agreed to a record $391.5 million settlement with 40 states for allegedly misleading consumers over its…
Continue ReadingGoogle agrees to $392 million settlement with 40 states over location tracking practices
By Jennifer Korn, CNN Business Google has agreed to a record $391.5 million settlement with 40 states for allegedly misleading consumers over its…
Continue ReadingJeff Bezos’ top tips for managing the economic downturn
By Brian Fung, CNN Business Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the…
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Colorado Springs Fire Department’s homeless outreach program to receive permanent funding from City Council
COLORADO SPRINGS, Colo. (KRDO) — During a work session Monday for next year’s city budget, the City Council decided to approve allocating additional…
Continue ReadingElon Musk’s SpaceX is buying an ad package on Elon Musk’s Twitter
By Catherine Thorbecke, CNN Business While a number of major brands have announced advertising pauses on Twitter in the wake of Elon Musk’s…
Continue ReadingWhat’s behind wide salary ranges after New York’s pay transparency law
By Jeanne Sahadi, CNN Business It’s not unusual for two people with the same title to be paid somewhat different salaries. Pay, after all, is…
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