Smaller rate hikes are likely coming in December, says Fed Chair Powell
By Alicia Wallace and Lucy Bayly, CNN Business The Federal Reserve could pull back on the pace of its aggressive rate hikes as soon as December, Fed…
Continue ReadingMoney
Lordstown Motors set to deliver first pickups built at former GM plant
By Peter Valdes-Dapena, CNN Business Lordstown Motors, a startup company building electric pickups in a former General Motors factory, is ready to…
Continue ReadingCNN begins layoffs amid economic uncertainty, cost-cutting pressures from parent company
By Oliver Darcy, CNN Business CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers…
Continue ReadingDoorDash to lay off 1,250 corporate employees
By Catherine Thorbecke, CNN Business DoorDash on Wednesday said it will lay off about 1,250 corporate employees after growing its team too quickly…
Continue ReadingThe number of available jobs in the US fell in October
By Alicia Wallace, CNN Business The number of job openings in the United States dropped in October, but the labor market still remains historically…
Continue ReadingBob Iger’s biggest challenge at Disney: Finding the next Bob Iger
By Frank Pallotta, CNN Business Bob Iger has a lot on his to do list in his second round as Disney’s CEO. The 71 year-old newly unretired…
Continue ReadingChick-fil-A is selling merchandise for the first time ever
By Jordan Valinsky, CNN Business If your holiday wish list includes a Chick-fil-A sauce-themed blanket or a chicken nugget pillow, look no further.…
Continue ReadingTwitter is less safe due to Elon Musk’s management style, says former top official
By Brian Fung, CNN Business Twitter owner Elon Musk’s dictatorial management style risks driving the company headlong into unforced business…
Continue ReadingThe US economy’s growth was stronger than expected in the third quarter
By Chris Isidore, CNN Business The US economy grew much faster than expected in the third quarter, according to the latest gross domestic product…
Continue ReadingConsumers are keeping the economy afloat… for now
By Nicole Goodkind, CNN Business American shoppers just keep on spending, lending vital support to the economy. The question is: How long will it…
Continue ReadingLamborghini’s last purely gas-powered supercar is a road car turned into an off-road monster
By Peter Valdes-Dapena, CNN Business The Lamborghini Huracán Sterrato, officially unveiled in Miami Wednesday will be the Italian automaker’s…
Continue ReadingGlobal 4-day week pilot was a huge success, organizers say
By Anna Cooban, CNN Business The verdict is in: A four-day work week is good for business. After six months, most of the 33 companies and 903 workers…
Continue ReadingInflation in Europe drops for the first time in 17 months
By Julia Horowitz, CNN Business For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by 10% in the year to November,…
Continue ReadingChina to punish internet users for ‘liking’ posts in crackdown after zero-Covid protests
By Laura He, CNN Business Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the…
Continue ReadingChina’s Zhengzhou, home to world’s largest iPhone factory, ends Covid lockdown. Other cities do the same
By Juliana Liu, CNN Business Major Chinese cities, including financial hub Shanghai and Zhengzhou — home to the world’s largest iPhone…
Continue ReadingTwitter is less safe due to Elon Musk’s management style, says former top official
By Brian Fung, CNN Business Twitter owner Elon Musk’s dictatorial management style risks driving the company headlong into unforced business…
Continue ReadingBusinesses scramble to limit the damage of looming freight rail strike
By Matt Egan and Kate Trafecante, CNN From retailers and computer chip makers to the oil-and-gas industry, businesses are scrambling to find…
Continue ReadingSouth Dakota governor bans state employees from using TikTok on government devices
By Stella Chan and Leslie Perrot, CNN South Dakota’s governor signed an executive order on Tuesday banning state agencies, employees and…
Continue ReadingTwo victims of Apple store crash file lawsuits claiming negligence
By Nicki Brown and Sabrina Souza, CNN Two victims injured when a car drove into an Apple store filed lawsuits Tuesday morning claiming various…
Continue ReadingAmerican consumers got holiday shopping off to a strong start
By Nathaniel Meyersohn, CNN Business Americans dished out for toys, televisions and clothing on Black Friday and into the holiday weekend, despite…
Continue Reading