Bankruptcy worries swirl around used car retailer Carvana
By Chris Isidore, CNN Business Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published…
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FTC sues to block Microsoft’s $69 billion acquisition of Activision Blizzard
By Brian Fung, CNN The Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion acquisition of Activision Blizzard,…
Continue ReadingYellen sees her signature printed on US bills for the first time
By Betsy Klein, CNN US Treasury Secretary Janet Yellen traveled to Texas Thursday to mark an important and historic milestone, touring the Fort Worth…
Continue ReadingPentagon awards multibillion-dollar cloud contract to Amazon, Google, Microsoft and Oracle
By Brian Fung, CNN The Defense Department has named Amazon, Google, Microsoft and Oracle as the winners of a multibillion-dollar cloud computing…
Continue ReadingThe average rent in Manhattan jumped to $5,249 in November — and may not fall any time soon
By Anna Bahney, CNN Business The average rent in Manhattan was $5,249 in November, up 19% from last year and the third-highest amount on record,…
Continue ReadingMortgage rates fall for the fourth week in a row
By Anna Bahney, CNN Mortgage rates dipped again this week, dropping for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in…
Continue ReadingUS lawmakers want answers from FTX’s Sam Bankman-Fried
By Allison Morrow, CNN Lawmakers are demanding that Sam Bankman-Fried, the founder of the failed crypto exchange FTX, appear before the Senate…
Continue ReadingStocks close higher, breaking five day losing streak
By Nicole Goodkind, CNN Business US stocks surged higher on Thursday as investors staged a comeback from their current losing streak, spurred on by…
Continue ReadingNews outlets are embracing TikTok in an effort to reach younger audiences, survey shows
By Oliver Darcy, CNN News publishers are getting in on the TikTok trend. That’s according to a brand new survey published Wednesday evening by…
Continue ReadingThe mass unbanning of suspended Twitter users is underway
By Clare Duffy, CNN Business Thousands of previously banned Twitter users, including members of the far-right and users sharing blatant…
Continue ReadingOil tankers are getting stuck in the Black Sea. That could become a problem
By Hanna Ziady, CNN A bottleneck is building across an important trading route for oil, which if left unresolved could knock global supply and boost…
Continue ReadingJim Beam offers novel fix for holiday blues: hug-simulating pajamas
By Parija Kavilanz, CNN Bourbon brand Jim Beam is offering what could possibly be the weirdest gift for the holidays — hug-simulating pajamas. The…
Continue ReadingRent the Runway rebounds as consumers shop for bargains
By Paul R. La Monica, CNN A recession may be coming, but consumers still want to look fashionable. Subscription clothing service Rent the Runway…
Continue ReadingKeystone Pipeline shuts down after oil leak, halting flow of 600,000 barrels a day
By Matt Egan, CNN Business The Keystone Pipeline has been shut down following a leak discovered near the border of Kansas and Nebraska. The shutdown…
Continue ReadingDisney+ just got more expensive … unless you want ads
By Jordan Valinsky, CNN Business Disney+ is getting more expensive, unless you want ads. As of Thursday, Disney’s ad-free tier costs $10.99 per…
Continue ReadingWhy we think we’re in a recession when the data says otherwise
By Nicole Goodkind, CNN Business It seems like you can’t go anywhere these days without colliding headfirst into another ominous prediction of…
Continue ReadingTesla short sellers have made $11.5 billion profit this year
By Chris Isidore, CNN Business Here’s more bad news for Tesla CEO Elon Musk — as if he needs any. Investors who took short positions in Tesla…
Continue ReadingFirst on CNN: Defense bill takes aim at Russia’s pot of gold
By Matt Egan, CNN Business A must-pass defense bill now being negotiated in Congress includes new sanctions designed to trip up Russia’s war…
Continue ReadingUS gas prices are now cheaper than they were a year ago
By Julia Horowitz, CNN Business US gasoline prices are now cheaper than they were one year ago, providing relief to Americans that have spent 2022…
Continue ReadingBiden administration urges Supreme Court to narrow Big Tech’s liability shield in pivotal Google case
By Brian Fung, CNN The Biden administration has told the US Supreme Court that social media platforms ought to be potentially liable for…
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