Why relief over the Federal Reserve could be short-lived
By Julia Horowitz, CNN Business When the Federal Reserve decides it’s necessary to pursue the biggest interest rate hike since 2000, you…
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America’s job growth is starting to slow
By Anneken Tappe, CNN Business The days of millions of job gains per month are behind us and the US labor market recovery has moved into a new phase,…
Continue ReadingA 13-year-old girl told the police she had been gang-raped. Then a police officer allegedly raped her
By Esha Mitra and Rhea Mogul, CNN A 13-year-old girl who was allegedly gang-raped by four men in India, was allegedly raped again by a police officer…
Continue ReadingChina’s economy is going backwards
By Laura He, CNN Business China’s gigantic services sector just contracted at the second sharpest pace on record as Covid lockdowns hit…
Continue ReadingSpaceX’s jam-packed schedule continues with another astronaut return
By Jackie Wattles, CNN Business Three NASA astronauts and a European astronaut are returning home from the International Space Station, capping off…
Continue ReadingNew York City pension funds sue Activision Blizzard, seeking records on CEO Bobby Kotick
By Brian Fung, CNN New York City pension fund officials sued Activision Blizzard late last month in a bid to force the company to disclose records…
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Colorado Springs mayor tours major redevelopment of Panorama Park ahead of summer reopening
COLORADO SPRINGS, Colo. (KRDO) — With the yearlong, $8.5-million redevelopment of Panorama Park on the city’s southeast side nearly complete, Mayor…
Continue ReadingWhat the Fed rate hike means for you
By Matt Egan, CNN Business The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families…
Continue ReadingElon Musk says fees for some users may be coming to Twitter
Catherine Thorbecke, CNN Business Elon Musk said Twitter might soon charge fees for certain users, as the billionaire continues to tease how he might…
Continue ReadingAirbnb to crack down on parties during summer holidays
By Sara Ashley O’Brien, CNN Business Airbnb is once again trying to stop people from using its platform to host unauthorized parties ahead of…
Continue ReadingStar Trek tries to steal May the 4th from Star Wars
By Frank Pallotta, CNN Business It’s May the 4th, a day for Star Wars nerds to geek out on Luke Skywalker, lightsabers and the Millennium…
Continue ReadingStock market selloff is exactly what the Fed wants, former NY Fed chief says
By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation, according to…
Continue ReadingTurboTax to pay customers $141 million after allegedly steering them away from free services
By Jordan Valinsky, CNN Business Intuit, the owner of tax filing software TurboTax, has agreed to pay $141 million in a settlement with all 50 states…
Continue ReadingJamie Dimon: The Cold War is back and a recession is a real possibility
By Matt Egan, CNN Business JPMorgan Chase CEO Jamie Dimon said Wednesday that the Federal Reserve should have moved sooner to raise interest rates…
Continue ReadingThe Fed was late to inflation. Will it miss the next big risk?
By Julia Horowitz, CNN Business The Federal Reserve is finally getting aggressive in its bid to fight decades-high inflation. What’s happening:…
Continue ReadingWarren Buffett-backed electric carmaker shrugs off China’s lockdowns
By Laura He, CNN Business BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market,…
Continue ReadingChina market analyst out after his social media accounts were frozen
By Laura He, CNN Business Hong Hao, a prominent market analyst in China, has left the state-owned bank he worked for just days after his social media…
Continue ReadingFed issues biggest rate hike in 22 years
By Anneken Tappe, CNN Business The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the…
Continue ReadingA Chinese man surnamed ‘Ma’ was detained. The news wiped off $26 billion from Alibaba’s stock
By Nectar Gan, CNN For Chinese tech tycoon Jack Ma, there’s a price to freedom: $26 billion. Alibaba, the Chinese e-commerce giant Ma…
Continue ReadingEU proposes ban on Russian oil imports this year. Hungary says no
By Mark Thompson, CNN Business The European Union is proposing to ban all oil imports from Russia by the end of this year and remove the…
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