Elon Musk raises an additional $7 billion in financing for Twitter deal
By Clare Duffy, CNN Business Elon Musk has raised just over $7 billion in additional equity financing to help fund his purchase of Twitter. The new…
Continue ReadingMoney
Amazon Labor Union’s Chris Smalls faces off against Sen. Graham on workers
By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers at…
Continue ReadingAmazon Labor Union’s Chris Smalls faces off against Sen. Graham on workers
By Brian Fung, CNN The president of the Amazon Labor Union warned Sen. Lindsey Graham on Thursday that he risks ignoring the concerns of workers at…
Continue ReadingHow Elon Musk could impact Twitter’s battles over speech abroad
By Rishi Iyengar Since Elon Musk announced he was buying Twitter last month, the billionaire has sent out tweet after tweet outlining his plans for…
Continue ReadingEurope is planning to ditch Russia’s oil. Will it go after its gas?
By Anna Cooban, CNN Business Europe has finally proposed a ban on Russian oil, but has again stopped short of using its most potent weapon —…
Continue ReadingBill Gates doubts Musk’s Twitter buy, says draft SCOTUS decision overturning Roe is ‘pretty disappointing’
By Brian Fung, CNN Bill Gates sounded a note of caution this week on Elon Musk’s $44 billion acquisition of Twitter, saying the Tesla CEO…
Continue ReadingThe Fed could have trouble avoiding a double-dip recession
By Paul R. La Monica, CNN Business The Federal Reserve finally seems prepared to whip inflation. The last time the Fed faced surging prices like…
Continue ReadingDow plunges more than 1,000 points in Wall Street’s worst day of the year
By Nicole Goodkind, CNN Business So much for the good feelings on Wall Street. US markets fell sharply Thursday, marking their worst day of the year…
Continue ReadingSearch histories, location data, text messages: How personal data could be used to enforce anti-abortion laws
By Jennifer Korn and Clare Duffy, CNN Business Update: This story was originally published on May 6. It has been updated to reflect the Supreme…
Continue ReadingSearch histories, location data, text messages: How personal data could be used to enforce anti-abortion laws
By Jennifer Korn and Clare Duffy, CNN Business A wave of new legislation taking aim at abortion rights across the country is raising concerns about…
Continue ReadingUS worker productivity fell at the fastest rate in nearly 75 years
By Alicia Wallace, CNN Business US labor productivity tumbled by 7.5% in the first quarter of 2022 — the largest decline in worker output per…
Continue ReadingMortgage rates hit highest level since 2009
By Anna Bahney, CNN Business Mortgage rates rose this week, continuing an upward trend that has pushed rates more than two percentage points higher…
Continue ReadingHarassment is a problem in VR, and it’s likely to get worse
By Rachel Metz, CNN Business If you believe Mark Zuckerberg, the future is virtual. Last year, Meta plowed $10 billion into Facebook Reality Labs,…
Continue ReadingHere’s what it’s like to have a robot paint your nails for $10
By Rachel Metz, CNN Business On a recent April afternoon I tossed a few things into a basket at Target — cereal, graham crackers, kids’…
Continue ReadingElon Musk probably got a huge tax break when he sold off Tesla shares
By Chris Isidore, CNN Business To buy Twitter, Elon Musk just sold a ton of stock and made a boatload of money on the sale. But because of a US tax…
Continue ReadingFirst on CNN: Biden administration launches plan to refill emergency oil reserve
By Matt Egan, CNN Business The Biden administration plans to seek bids this fall to buy 60 million barrels of crude oil as the first step in a…
Continue ReadingHow to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by…
Continue ReadingWhy 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…
Continue ReadingAmerica’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 Reading