Is $250,000 still the right limit for deposit insurance? The debate is on
By Julia Horowitz, CNN If my bank fails, how much of my savings will I get back? It’s a scenario no one likes to think about. But in the past…
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ESG investing is dying. That’s not a bad thing
By Nicole Goodkind, CNN Environmental, social, and governance-focused funds, which were once deemed the darlings of Wall Street, may be on the way…
Continue ReadingFed autopsy on SVB faults bank’s management — and its own oversight
By Allison Morrow, CNN In a hotly anticipated banking report released Friday morning, the Federal Reserve said it failed to take sufficient action to…
Continue ReadingBBC chairman resigns after controversy involving loan deal for former PM Boris Johnson
By Peter Wilkinson, CNN The embattled chairman of the British Broadcasting Corporaration (BBC), Richard Sharp, resigned on Friday after a report…
Continue ReadingEurope’s economy ticks up in the first quarter but worries linger
By Julia Horowitz, CNN Europe’s economy avoided a recession over the winter, picking up pace slightly in the first quarter of 2023 despite…
Continue ReadingAnother economic indicator: Sales of the ‘Recession Special’ are up at this New York City hot dog joint
CNN By Alicia Wallace, CNN There’s good news on the inflation front: Annual price growth fell to its lowest pace in nearly two years, the…
Continue ReadingFed Chair Jerome Powell pranked into chat with fake President Zelensky
By Bryan Mena, CNN Federal Reserve Chairman Jerome Powell earlier this year held a video chat about the global economy with someone he thought was…
Continue ReadingMusician Ed Sheeran sang and played guitar on the stand during copyright infringement trial
By Chloe Melas, Aaron Cooper, Jennifer Korn and Nicki Brown, CNN Musician Ed Sheeran played guitar and sang on the stand Thursday as part of his…
Continue ReadingHere’s what the SVB report will (and won’t) include, according to top former Fed official
By Elisabeth Buchwald, CNN On Friday, the Federal Reserve is set to release the findings of its investigation into what caused Silicon Valley Bank to…
Continue ReadingGot expired Bed Bath & Beyond coupons? These retailers will take them
By Jordan Valinsky, CNN Business Bed Bath & Beyond’s competitors are coming to the rescue of customers looking to use expired coupons…
Continue ReadingYou can make your Mercedes EV go faster for $60 a month
By Peter Valdes-Dapena, CNN Business Mercedes-Benz electric vehicle owners in North America who want a little more power and speed can now buy 60…
Continue ReadingThe US economy grew at a much slower pace in the first quarter
By Bryan Mena, CNN US economic growth slowed to an annualized and seasonally adjusted rate of 1.1% in the first quarter of this year, as businesses…
Continue ReadingMortgage rates tick up for the second week in a row
By Anna Bahney, CNN Mortgage rates inched up again this week. Prior to last week’s rise, rates had dropped for five weeks in a row as inflation…
Continue ReadingPending home sales fell last month for the first time since November
By Anna Bahney, CNN Pending home sales dropped in March, falling for the first time since November amid tight inventory and buyer uncertainty about…
Continue ReadingGap’s massive job cuts will save $300 million
By Nathaniel Meyersohn, CNN Gap said Thursday that it will lay off 1,800 employees as the struggling retailer looks to cut costs. The layoffs will…
Continue ReadingVice Media cancels its flagship ‘Vice News Tonight’ program as it makes ‘painful’ layoffs and restructures the company
By Oliver Darcy, CNN Vice Media will cancel its acclaimed program “Vice News Tonight” as part of a broad restructuring that will result…
Continue ReadingMarkets digest banking issues, quarterly earnings and economic data
From CNN’s Krystal Hur, Nicole Goodkind, Alicia Wallace, Bryan Mena, Elisabeth Buchwald and Anna Bahney The-CNN-Wire™ & © 2023…
Continue ReadingJohn King passes ‘Inside Politics’ torch to Dana Bash as he takes on a new assignment at CNN
By Oliver Darcy John King will take on a new role at CNN and step down as the anchor of “Inside Politics,” handing the torch to Dana…
Continue ReadingBarclays and Deutsche Bank defy banking jitters with strong profits
CNN By Hanna Ziady, CNN Barclays and Deutsche Bank have shrugged off a turbulent first quarter to post strong profit growth, helping to calm…
Continue ReadingBarclays and Deutsche Bank defy banking jitters with strong profits
By Hanna Ziady, CNN Barclays and Deutsche Bank have shrugged off a turbulent first quarter to post strong profit growth, helping to calm investors…
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