How the ultra-wealthy infiltrated anti-capitalist Burning Man
By Allison Morrow, CNN New York (CNN) — Burning Man, the desert confab that descended into chaos over the weekend, isn’t quite the scrappy,…
Continue ReadingMoney
Britain’s second-largest city effectively declares itself bankrupt amid $950 million equal pay claims
By Rob Picheta and Catherine Nicholls, CNN London (CNN) — Britain’s second-biggest city effectively declared itself bankrupt on Tuesday,…
Continue ReadingGoldman Sachs cuts US recession odds to 15% as economic optimism grows
By Matt Egan, CNN New York (CNN) — Goldman Sachs is increasingly confident that the US economy will stick the soft landing that many thought was…
Continue ReadingOil prices surge after Saudi Arabia and Russia extend production cuts
By Hanna Ziady, CNN London (CNN) — Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude…
Continue ReadingArm’s IPO could value the chip company at $52 billion. Apple, Google and Nvidia show interest
By Michelle Toh, CNN London (CNN) — A who’s who of Big Tech companies is set to invest in one of the most highly anticipated initial public…
Continue ReadingWarner Bros. Discovery says actors and writers strikes will cost it up to $500 million this year
By Chris Isidore, CNN New York (CNN) — Warner Bros. Discovery trimmed its full-year earnings guidance for 2023 on Tuesday by $300 million to…
Continue ReadingUS Open champion can’t watch tennis because of Disney’s dispute with his hotel’s cable company
By Jordan Valinsky, CNN New York (CNN) — Tennis champion Daniil Medvedev is competing at the US Open, but there’s a problem: He can’t watch…
Continue ReadingElon Musk blames the ADL for 60% ad sales decline at X, threatens to sue
By Jordan Valinsky, CNN New York (CNN) — X owner Elon Musk is threatening to sue the Anti-Defamation League for defamation, claiming that the…
Continue ReadingThe maker of Wegovy and Ozempic is now Europe’s most valuable company
By Hanna Ziady, CNN London (CNN) — Novo Nordisk has dethroned Bernard Arnault’s luxury goods giant LVMH as Europe’s most valuable company.…
Continue ReadingChina’s Country Garden dodges default for second time in four days, state media report
By Laura He, CNN Hong Kong (CNN) — Country Garden, the embattled Chinese real estate firm, made late interest payments on two US dollar bonds…
Continue ReadingChina’s services activity falls in August to its lowest level in eight months
By Juliana Liu, CNN Hong Kong (CNN) — A private survey of business activity in China’s services sector fell to its lowest level in eight…
Continue ReadingQantas CEO to step down early as airline’s reputation under scrutiny
By Reuters (Reuters) — Qantas Airways said on Tuesday that long-serving CEO Alan Joyce would exit the company two months earlier than…
Continue ReadingThe UK economy is bigger than we thought. It still has ‘a growth problem’
By Hanna Ziady, CNN London (CNN) — The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major…
Continue ReadingThe state of return-to-office policies: a post-Labor Day reset?
By Jeanne Sahadi, CNN New York (CNN) — Some big-name employers are signaling they will get tough on enforcing their return-to-office mandates after…
Continue ReadingMercedes unveils new electric concept cars with better range than any Tesla model
By Michelle Toh, CNN London (CNN) — Mercedes-Benz has just unveiled new “close-to-production” concept vehicles that could outdo Tesla cars…
Continue ReadingMoutai coffee, anyone? Luckin is adding the fiery liquor to its lattes
CNN By Berry Wang and Michelle Toh, CNN Hong Kong (CNN) — Luckin Coffee has joined forces with Kweichow Moutai, the maker of China’s fiery…
Continue Reading‘The Equalizer 3’ tops the US box office on opening weekend
By Allison Morrow, CNN New York (CNN) — “The Equalizer 3,” Denzel Washington’s third go as brooding assassin Robert McCall, debuted at…
Continue ReadingUS unions have flexed their muscle this past year. Are they winning?
By Chris Isidore, CNN New York (CNN) — Since last year’s Labor Day, US unions have flexed their muscle in a way not seen in decades.…
Continue ReadingUS unions have flexed their muscle this past year. Are they winning?
CNN By Chris Isidore, CNN New York (CNN) — Since last year’s Labor Day, US unions have flexed their muscle in a way not seen in decades.…
Continue ReadingThe Fed cares a lot about jobs data — but it may be getting mixed signals
By Elisabeth Buchwald, CNN New York (CNN) — According to private payroll processor ADP, US employers hired 455,000 new workers in June.…
Continue Reading