Banking chaos has been bittersweet for crypto and wine
By Nicole Goodkind, CNN Silicon Valley Bank’s collapse earlier this month dealt a major blow to the wine and crypto firms that entrusted their…
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WSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia
CNN By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for…
Continue ReadingWall Street Journal reporter arrested in Russia on suspicion of ‘espionage’
By Sarah Dean and Anna Chernova, CNN Wall Street Journal reporter Evan Gershkovich has been arrested in Russia on suspicion of espionage, the first…
Continue ReadingChina ‘confident and capable’ of hitting 2023 growth targets, new premier says at gathering of business leaders
By Laura He, CNN China’s newly minted Premier Li Qiang painted a bullish picture of his country’s economic recovery at a key business…
Continue ReadingChina Renaissance suspends trading, delays results after founder’s disappearance
CNN By Laura He, CNN China Renaissance, a top dealmaker in the country’s tech industry, said it would suspend trading of its shares and delay…
Continue Reading‘Companies are holding out’: Global IPO market slump endures
By Michelle Toh, CNN A slowdown in global initial public offerings continued in the first quarter of 2023 and is likely to endure in the coming…
Continue ReadingStarbucks fires Buffalo union worker who ‘ignited a movement’ to organize
CNN By Ramishah Maruf, CNN Starbucks has fired a Buffalo, New York, worker who “ignited a movement” from one of the first stores in the…
Continue ReadingFox News CEO said correspondent’s fact-check of Trump’s election lies was ‘bad for business,’ new emails show
By Oliver Darcy and Marshall Cohen, CNN Fox News CEO Suzanne Scott sounded the alarm inside the company about the financial fallout that the…
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The new Lamborghini is totally different than any car it’s ever made
By Peter Valdes-Dapena, CNN Business Soon, you’ll be able to plug in your Lamborghini. Closing out a half century of purely gasoline-powered…
Continue ReadingThe Future of Macy’s: New CEO is a veteran of Bloomingdale’s
By Nathaniel Meyersohn, CNN One of the highest profile jobs in retail will change hands next year. Macy’s CEO Jeff Gennette will retire in…
Continue ReadingAdidas does rapid U-turn in Black Lives Matter logo dispute
By Anna Cooban, CNN Adidas is backpedaling fast over its latest attempt to protect its iconic three-stripe mark. The German sportswear company said…
Continue ReadingBernie Sanders confronts former Starbucks CEO Howard Schultz on company’s labor practices
By Danielle Wiener-Bronner, CNN Senator Bernie Sanders, who has roundly criticized former Starbucks CEO Howard Schultz over the company’s…
Continue ReadingBank of England calls for urgent action on funds that nearly toppled UK financial system
By Julia Horowitz, CNN The Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries about…
Continue ReadingHigh egg prices send profits at largest US producer soaring more than 700%
By Chris Isidore, CNN Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter…
Continue ReadingCup Noodles’ new ramen flavor puts your breakfast cravings into a cup
By Jordan Valinsky, CNN Business The high price of eggs and other breakfast staples is forcing some to look for cheaper breakfast alternatives. How…
Continue ReadingFederal regulators are back on Capitol Hill to explain the banking crisis
From CNN’s Krystal Hur, Nicole Goodkind and Allison Morrow The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros.…
Continue ReadingBrainard: US banking system is ‘sound’ and ‘stable’
CNN By Alicia Wallace, CNN The broader US banking system remains sound and stable, but the two regional banks that failed were “poorly…
Continue ReadingCredit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says
By Matt Egan, CNN Credit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving…
Continue ReadingFoot Locker is closing 400 stores. They may become an eyesore
By Nathaniel Meyersohn, CNN Two major retail chains are closing roughly 800 stores. One company’s spaces likely will be filled, while the…
Continue ReadingUBS brings back Sergio Ermotti as CEO to oversee Credit Suisse rescue
By Michelle Toh and Hanna Ziady, CNN UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of…
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