Congress presses Chinese fast-fashion giant Shein on forced labor
By Nathaniel Meyersohn, CNN US Congress is stepping up the pressure on Chinese fast-fashion giant Shein. In a letter to the Securities and Exchange…
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Read this to understand what Fed Chair Powell said today
CNN By Elisabeth Buchwald, CNN When Federal Reserve Chair Jerome Powell talks, markets listen. But you may not. But what Powell says matters a lot.…
Continue ReadingDow slides over 470 points as bank shares nosedive
By Krystal Hur, CNN Stocks fell steeply Tuesday as investors grew fearful that turmoil in the banking sector has not been contained, and ahead of a…
Continue ReadingTuesday Morning is going out of business and closing all of its stores
By Jordan Valinsky, CNN Business Tuesday Morning is going out of business and closing all of its stores. It is the second major US home goods…
Continue ReadingIt’s getting ‘substantially’ harder for Europe’s businesses and homebuyers to get loans
By Julia Horowitz, CNN Europe’s banks are pulling back access to credit, and a key measure of inflation in the region has cooled, bolstering…
Continue ReadingKroger will end its weekly grocery specials in newspapers
By Nathaniel Meyersohn, CNN Kroger, the largest grocery chain in the United States, is ditching its long-running weekly newspaper ad circulars…
Continue ReadingFilm and TV writers go on strike, bringing production on many shows to a halt
CNN By Chris Isidore and Juliana Liu, CNN More than 11,000 members of the Writers Guild of America (WGA) are set to go on strike Tuesday morning for…
Continue ReadingBP shares slide as first-quarter profit dips
By Hanna Ziady, CNN Shares of BP fell more than 5% Tuesday after the energy giant said it would return less cash to investors following a drop in…
Continue ReadingSheila Bair to Jerome Powell: Stop trying to look so tough on inflation. It will backfire
By Matt Egan, CNN Sheila Bair, who guided the FDIC through the Great Recession, worries the Federal Reserve is making today’s banking crisis…
Continue ReadingWhy a US recession is probably coming
By Nicole Goodkind, CNN Want to know what the future holds for the US economy? You’ll have to consult your crystal ball. But if that…
Continue ReadingOne of the world’s most expensive cities raises minimum wage … by 32 cents
By Jessie Yeung, CNN It’s one of the world’s priciest cities, with the least affordable housing market on the planet and parking spaces…
Continue ReadingHSBC says profits triple as it announces share buyback
By Michelle Toh, CNN HSBC announced it had tripled its quarterly profit Tuesday, blowing past expectations as it benefited from high interest rates…
Continue ReadingFilm and TV writers go on strike, bringing production on many shows to a halt
By Chris Isidore and Juliana Liu, CNN More than 11,000 members of the Writers Guild of America (WGA) are set to go on strike Tuesday morning for the…
Continue ReadingJack Ma takes up visiting professorship in Japan
By Michelle Toh, CNN Jack Ma has a new job: visiting professor in Japan. The Chinese billionaire has joined Tokyo College, under the University of…
Continue Reading‘It’s not a good look.’ As cost of living crisis bites, some Brits are questioning spending money on glitzy coronation
By Ivana Kottasová, CNN The first time Angela Davis went to a food bank was mortifying. The single mother of five — with three kids still…
Continue ReadingMorgan Stanley plans to cut another 3,000 jobs, source says
By Matt Egan, CNN Morgan Stanley is planning another round of layoffs that would wipe out approximately 3,000 jobs, a person familiar with the matter…
Continue ReadingLordstown Motors stock plunges after dispute with investor Foxconn
By Peter Valdes-Dapena, CNN Shares of electric truck maker Lordstown Motors dropped more than 40% in Monday trading and ended the day down 23%, after…
Continue ReadingNYC to give out 500 Apple AirTags for residents to put in their cars to combat car theft
By Laura Ly and Peter Valdes-Dapena, CNN Some Kia, Hyundai and Honda models are getting stolen in New York City so often that the Mayor is giving out…
Continue ReadingKit Kat Cereal is hitting US shelves
By Ramishah Maruf, CNN Who wants a big bowl of “chocolatey crispy deliciousness” for breakfast? General Mills is betting a lot of people…
Continue ReadingWhat every consumer should know about bank failures
By Jeanne Sahadi Let’s be frank: If you have a US bank account, hearing about bank failures in the past couple of months hasn’t felt…
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