Powell revives hopes of a Fed pivot. That’s a bad thing
By Nicole Goodkind, CNN Business Federal Reserve Chair Jerome Powell made investors very happy on Wednesday. US stocks popped after the central…
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What to expect from Friday’s jobs report
By Alicia Wallace, CNN Business Ahead of Friday’s closely watched jobs report, economists polled by Refinitiv say they are expecting job growth…
Continue ReadingBinance still has big growth plans despite crypto market meltdown
By Diksha Madhok, CNN Business Binance is expanding into new markets even as the crypto industry grapples with turmoil unleashed by the spectacular…
Continue ReadingIndia on track for record $100 billion in remittances, says World Bank
By Diksha Madhok, CNN Business The extensive Indian diaspora will help the South Asian country reach a special milestone this year. Asia’s…
Continue ReadingElon Musk’s Neuralink shows brain implant prototype and robotic surgeon during recruiting event
By Jackie Wattles, CNN Elon Musk — the SpaceX founder, Tesla CEO, and, most recently, Twitter owner — hosted a flashy event on Wednesday night…
Continue ReadingSalesforce Co-CEO Bret Taylor steps down, leaving Marc Benioff alone at the top
By Clare Duffy, CNN Business Enterprise tech giant Salesforce said Wednesday that its co-CEO and Vice Chair Bret Taylor will step down from his…
Continue ReadingFTX founder Sam Bankman-Fried: ‘Look, I screwed up’
By Allison Morrow, CNN Business Sam Bankman-Fried, the 30-year-old founder of the bankrupt crypto exchange FTX, said he “didn’t ever try…
Continue ReadingAmerica may dodge a crippling rail strike. Here’s how we got here
By Chris Isidore, CNN Business A crippling freight railroad strike that threatened to upend the US economy now looks unlikely, as Congress votes on…
Continue ReadingTwitter must comply with Europe’s platform rules, EU digital chief warns Musk in virtual meeting
By Brian Fung, CNN A top European Union official warned Twitter owner Elon Musk on Wednesday that the social media platform must take significant…
Continue ReadingAmazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside
By Catherine Thorbecke, CNN Business Amazon CEO Andy Jassy on Wednesday said an “uncertain” economy pushed the e-commerce giant to move…
Continue ReadingSmaller rate hikes are likely coming in December, says Fed Chair Powell
By Alicia Wallace and Lucy Bayly, CNN Business The Federal Reserve could pull back on the pace of its aggressive rate hikes as soon as December, Fed…
Continue ReadingLordstown Motors set to deliver first pickups built at former GM plant
By Peter Valdes-Dapena, CNN Business Lordstown Motors, a startup company building electric pickups in a former General Motors factory, is ready to…
Continue ReadingCNN begins layoffs amid economic uncertainty, cost-cutting pressures from parent company
By Oliver Darcy, CNN Business CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers…
Continue ReadingDoorDash to lay off 1,250 corporate employees
By Catherine Thorbecke, CNN Business DoorDash on Wednesday said it will lay off about 1,250 corporate employees after growing its team too quickly…
Continue ReadingThe number of available jobs in the US fell in October
By Alicia Wallace, CNN Business The number of job openings in the United States dropped in October, but the labor market still remains historically…
Continue ReadingBob Iger’s biggest challenge at Disney: Finding the next Bob Iger
By Frank Pallotta, CNN Business Bob Iger has a lot on his to do list in his second round as Disney’s CEO. The 71 year-old newly unretired…
Continue ReadingChick-fil-A is selling merchandise for the first time ever
By Jordan Valinsky, CNN Business If your holiday wish list includes a Chick-fil-A sauce-themed blanket or a chicken nugget pillow, look no further.…
Continue ReadingTwitter is less safe due to Elon Musk’s management style, says former top official
By Brian Fung, CNN Business Twitter owner Elon Musk’s dictatorial management style risks driving the company headlong into unforced business…
Continue ReadingThe US economy’s growth was stronger than expected in the third quarter
By Chris Isidore, CNN Business The US economy grew much faster than expected in the third quarter, according to the latest gross domestic product…
Continue ReadingConsumers are keeping the economy afloat… for now
By Nicole Goodkind, CNN Business American shoppers just keep on spending, lending vital support to the economy. The question is: How long will it…
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