A recession could hit white-collar workers the hardest. Here’s why
By Alison Kosik, CNN Business White collar workers would be hit harder than blue collar workers if the United States enters a recession soon,…
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FTX’s Bahamas unit files for bankruptcy in New York
By Chris Isidore, CNN Business FTX Digital Markets, the Bahamas-based unit of the recently collapsed cryptocurrency trading platform, has filed for…
Continue Reading It’s looking grim for Wall Street bonuses this year
By Nicole Goodkind, CNN Business Ferragamo belt-buckles are being tightened across Wall Street as bankers prepare for a gloomy bonus season. Year-end…
Continue Reading Target warns of a weak holiday season. Shares are tumbling
By Jordan Valinsky, CNN Business Target’s profit plunged 52% in the third quarter and the retailer warned of a sluggish holiday. Target blamed…
Continue Reading Britain is bringing back austerity. Here’s why
By Julia Horowitz, CNN Business The last time a British finance minister revealed tax and spending plans, markets went haywire and the…
Continue Reading Thanksgiving dinner will cost 20% more this year because of inflation
By Vanessa Yurkevich, CNN Business Thanksgiving dinner will cost a whopping 20% more than it did last year, according to a new survey released…
Continue Reading UK inflation jumps to 41-year high of 11.1%
By Hanna Ziady, CNN Business Soaring energy costs drove UK inflation to a fresh high in October, the latest piece of bad news for an economy sliding…
Continue Reading Tom Ford is a newly minted billionaire, thanks to the $2.8B Estée Lauder deal
By Michelle Toh, CNN Business A blockbuster deal to sell his eponymous fashion brand has catapulted fashion designer Tom Ford into the global…
Continue Reading Food safety company accused of using children for hazardous overnight jobs
By Chris Isidore, CNN Business The Labor Department has filed a federal lawsuit charging a leading US food sanitation company with using dozens of…
Continue Reading Tesla’s board chair says Musk needed money for space travel
By Matt McFarland, CNN Business Elon Musk said that he needed to receive what amounted to the largest compensation package in history so that he…
Continue Reading Some retail store credit cards now carry APRs of more than 30%
By Alicia Wallace, CNN Business There has long been a threshold that few issuers of store-branded credit cards have been willing to surpass: the 30%…
Continue Reading Coors Light’s new nail polish changes color if your beer is cold enough to drink
By Parija Kavilanz, CNN Business Fact: No one likes warm beer. With the holiday party season already in full swing, Coors Light has invented a new…
Continue Reading Buyer Beware. Even if your favorite movie star is selling
By Christine Romans, CNN Business The best advice for investors has always been: Buyer beware. It’s especially important in the unregulated…
Continue Reading Restaurant sales are going up. But dining out is on the decline
By Danielle Wiener-Bronner, CNN Business Chain restaurants have been reporting growing sales in the third quarter. But more sales don’t mean…
Continue Reading Look out, Costco. Sam’s Club drops its hot dog combo to $1.38
By Nathaniel Meyersohn, CNN Business There’s a retail price war on hot dog and soda combos. Sam’s Club has lowered the price of its hot…
Continue Reading Protocol, the tech-news focused website, will shutter and lay off its entire staff
By Oliver Darcy, CNN Protocol, the upstart technology news website launched by former Politico owner and publisher Robert Allbritton in early 2020,…
Continue Reading Taylor Swift fans irate at Ticketmaster as huge tour pre-sale demand snarls site
By Jordan Valinsky, CNN Business There’s some bad blood brewing between Taylor Swift fans and Ticketmaster. Pre-sales for a handful of dates on…
Continue Reading Jeff Bezos hints he’s buying the Washington Commanders: ‘We’ll have to wait and see’
By Frank Pallotta, CNN Business Jeff Bezos may be adding NFL owner to his resume. The Amazon founder, along with Jay-Z, is in talks on a potential…
Continue Reading Bankrupt crypto exchange FTX may have over 1 million creditors as ‘dozens’ of regulators probe collapse
By Matt Egan Bankrupt crypto exchange FTX could have more than 1 million creditors and has been in contact with “dozens” of regulators…
Continue Reading Home Depot customers are spending more, but that’s mainly due to inflation
By Paul R. La Monica, CNN Business Good news for home improvement retail giant Home Depot: Sales were up nearly 6% from a year ago, topping Wall…
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