Red Bull owner Dietrich Mateschitz dies, company says
By Andy Rose, CNN The owner and co-founder of the sports drink company Red Bull has died, the company announced Saturday. Dietrich Mateschitz began…
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This is Gen Z’s favorite restaurant, survey says
By Ramishah Maruf, CNN It’s been a good year for Chick-fil-A — a recent survey ranked it as Gen Z’s top restaurant, with 15% of…
Continue ReadingHome prices are finally falling. But how low will they go?
By Anna Bahney The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked…
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Passengers in fatal Boeing 737 MAX crashes are ‘crime victims,’ US judge says
Reuters A US judge in Texas ruled on Friday that people killed in two Boeing 737 MAX crashes are legally considered “crime victims,” a…
Continue ReadingTupperware wants to jump from grandma’s cupboard into the cool kids’ homes
By Parija Kavilanz, CNN Business Tupperware wants to be where the cool kids play. The 76-year-old brand is on a quest to grab the attention of…
Continue ReadingUS officials made lucrative stock trades while preparing for Covid-19, WSJ reports
By Allison Morrow, CNN Business Dozens of federal officials made lucrative stock and mutual fund trades in early 2020 as the government was preparing…
Continue ReadingMoody’s lowers UK’s outlook to negative
By Hanna Ziady, CNN Business Moody’s Investor Service on Friday changed the United Kingdom government’s ratings outlook to…
Continue Reading3 things that will help reduce the sting of high inflation
By Jeanne Sahadi, CNN Business There’s really nothing nice to say about inflation when it comes to your bottom line. It’s hard on your…
Continue ReadingKanye West dropped by Balenciaga
By Ramishah Maruf, CNN Business Fashion powerhouse Balenciaga has officially severed ties with Kanye West following a series of antisemitic posts and…
Continue ReadingCalifornia mental health workers vote to end 10-week strike
By Chris Isidore, CNN Business A 10-week strike by about 2,000 therapists and other mental health professionals in Northern California ended with a…
Continue ReadingUS budget deficit slashed in half, but remains far above pre-pandemic levels, as Covid spending winds down
By Alicia Wallace, CNN Business The US budget deficit was slashed in half during fiscal year 2022, a record $1.4 trillion drop driven by the winding…
Continue ReadingStocks soar on hopes that Fed will slow rate hikes
By Paul R. La Monica, CNN Business A disastrous earnings report from Snap and less than inspiring results from Dow components American Express and…
Continue ReadingUnprecedented 401(k) boost: IRS increases amount you can save for retirement in 2023
By Jeanne Sahadi, CNN Business The IRS on Friday announced a record increase in contribution limits to 401(k) and other tax-deferred retirement plans…
Continue ReadingBBC trolls Liz Truss, via Rihanna: ‘You look so dumb right now’
By Anna Cooban, CNN Business The BBC has taken a swipe at outgoing UK Prime Minister Liz Truss — with a little help from Rihanna. After a six-week…
Continue ReadingThe era of the meme trade is over
By Nicole Goodkind, CNN Business It’s been a tumultuous year for retail traders — people who buy shares of individual companies or indexes on…
Continue ReadingGoogle hit with $162 million fine from Indian regulators over anti-competitive practices
Swati Gupta, CNN Business Google is facing the heat in India. The country’s antitrust regulator has imposed a penalty of approximately 13.4…
Continue ReadingNewsmax bans Lara Logan after QAnon-style rant, condemns her words in ‘the strongest terms’
By Oliver Darcy, CNN Business The right-wing channel Newsmax has banned Lara Logan from its air after she went on a QAnon-style rant during an…
Continue ReadingTexas regulators have their eyes on one of the most powerful players in the crypto world
Jon Sarlin, CNN Business The big news in crypto this week came via a court filing in Texas. FTX, the crypto giant that is led by arguably the most…
Continue ReadingRailroads reject latest proposal from third largest union, as strike date looms
By Vanessa Yurkevich and Chris Isidore, CNN Business US freight railroads rejected a new sick leave proposal from a union of track maintenance…
Continue ReadingFormer Treasury Secretary Larry Summers says chance of recession next year is substantial
By Nicole Goodkind, CNN Business Former US Treasury Secretary Larry Summers said on Thursday that it’s “substantially” more likely…
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