Stocks fall as fears of more big Fed rate hikes resurface
By Paul R. La Monica, CNN Business Wall Street cares only about one thing right now…and it’s not earnings, the state of the job market,…
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‘Difficult decisions’: Britain announces higher taxes and spending cuts in warning sign for other governments
By Julia Horowitz, CNN Business The United Kingdom has already entered a recession and is battling decades-high inflation, eroding standards of…
Continue ReadingShoppers are pulling back at Macy’s and Kohl’s
By Nathaniel Meyersohn, CNN Business Middle-income shoppers have tightened their spending on clothing and home furnishings. That’s squeezing…
Continue ReadingChinese consumers are wary. Alibaba’s sales miss forecasts
By Paul R. La Monica, CNN Business The Chinese consumer is still under a lot of pressure. E-commerce giant Alibaba reported third quarter sales…
Continue ReadingFirst on CNN: ‘Greed and deception.’ Elizabeth Warren demands Sam Bankman-Fried and FTX turn over trove of records
By Matt Egan, CNN Business Democratic Sens. Elizabeth Warren and Dick Durbin are demanding FTX founder Sam Bankman-Fried hand over a trove of…
Continue Reading‘Complete failure:’ Filing reveals staggering mismanagement inside FTX
By Allison Morrow, CNN Business A new court filing about Sam Bankman-Fried’s bankrupt companies reveals a crypto empire that was colossally…
Continue ReadingThese fireball-dropping drones are on the frontlines of wildfire prevention
By Natalia V. Osipova and Catherine Thorbecke, CNN Business As US wildfires have grown larger and deadlier in recent years, one company is using…
Continue ReadingThese fireball-dropping drones are on the frontlines of wildfire prevention
By Natalia V. Osipova and Catherine Thorbecke, CNN Business As US wildfires have grown larger and deadlier in recent years, one company is using…
Continue ReadingWhat a Republican-controlled House could mean for Silicon Valley
By Brian Fung, CNN Business With Republicans projected to take control of the House as a result of the midterm elections, tech giants such as Amazon,…
Continue ReadingTicketmaster cancels public sale for Taylor Swift’s Eras Tour due to overwhelming demand
By Jordan Valinsky and Frank Pallotta, CNN Anyone looking to buy a ticket to Taylor Swift’s new tour may be out of luck. Ticketmaster said on…
Continue ReadingStocks have been clobbered this year, but people are still contributing to their retirement accounts
By Jeanne Sahadi, CNN Business Stocks and bonds have been turning in volatile, bearish performances this year in an economy marked by high inflation…
Continue ReadingTaylor Swift ticket snafu caused by Ticketmaster abusing its market power, Senate antitrust chair says
By Jordan Valinsky, CNN Business Senator Amy Klobuchar criticized Ticketmaster in an open letter to its CEO, saying she has “serious…
Continue ReadingElon Musk is planning a subtle change to Twitter that could make it harder to stop the bots
By Rachel Metz, CNN Business Elon Musk has been saying for months that he wants to stamp out spam and fake accounts on Twitter, but a subtle change…
Continue ReadingGet ready for a spending slowdown this holiday season
By Nicole Goodkind, CNN Business American shoppers continue to defy gravity against the backdrop of persistently elevated inflation. Retail sales…
Continue ReadingMortgage rates plunge, largest weekly drop since 1981
By Anna Bahney, CNN Business Mortgage rates dropped sharply last week following a series of economic reports that indicated inflation may finally be…
Continue ReadingParents beware: Dangerous, recalled toys are still on sale
By Parija Kavilanz, CNN Business Parents shopping for their kids this holiday season need to be alert and carefully examine toys before they buy them…
Continue ReadingUK to raise $65 billion from windfall tax on energy companies
By Hanna Ziady, CNN Business The UK government is hiking a windfall tax on oil and gas companies and extending the levy to electricity generators, as…
Continue ReadingAbout 2,000 Starbucks workers stage one-day strike at more than 100 stores
By Chris Isidore, CNN Business More than 2,000 employees at 112 Starbucks locations are set to go on a one-day strike Thursday, according to the…
Continue ReadingSingapore writes down $275 million in FTX, calls belief in Sam Bankman-Fried ‘misplaced’
By Diksha Madhok, CNN Business Singapore has become the latest backer of crypto exchange FTX to admit being burned by its spectacular collapse. In a…
Continue ReadingUK orders Chinese-owned company to sell Britain’s biggest chipmaker
By Michelle Toh, CNN Business The UK government has ordered a Chinese-owned company to unwind its takeover of Britain’s biggest chipmaker,…
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