Air fryer recall: 2 million Cosori air fryers recalled because of fire hazard
By Jordan Valinsky, CNN Business Roughly 2 million Cosori air fryers have been recalled because they pose a possible fire risk. The US Consumer…
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Thomas H. Lee, pioneer of leveraged buyouts, is dead at 78
By Chris Isidore, CNN Business Thomas H. Lee, a private equity financier who pioneered the use of leveraged buyouts that helped to reshape corporate…
Continue ReadingWhy today’s inflation report is so important
By Nicole Goodkind, CNN Federal Reserve policy is based on trust. The central bank’s ability to maintain stable prices depends on the…
Continue ReadingConsumers keep spending. That might not be good news for them or the Fed
CNN By Alicia Wallace, CNN US consumers kept spending last year despite historically high inflation, not only shelling out for necessities but also…
Continue ReadingMolson Coors’ funny ad went too far, regulator says
By Jordan Valinsky, CNN Business Beer ads try to be funny, but a regulatory group has determined that Molson Coors went too far with a recent ad that…
Continue ReadingRegal Cinemas owner Cineworld says shareholders will be wiped out
By Olesya Dmitracova, CNN Regal Cinemas owner Cineworld, which filed for Chapter 11 bankruptcy protection last year, said Friday that it expected…
Continue ReadingIndia’s opposition vows to keep ‘raising questions about Adani group’ after spokesperson arrested
By Rhea Mogul and Manveena Suri, CNN When dozens of security personnel crowded onto the runway of New Delhi’s Indira Gandhi Airport on…
Continue ReadingWashington Post: Bezos hires investment firm to explore possibility of NFL team bid
By Dave Alsup, CNN Amazon founder Jeff Bezos hired an investment firm to research a possible bid for the NFL Washington Commanders team, two people…
Continue ReadingCarvana’s losses widen as the used-car market stalls
By Peter Valdes-Dapena, CNN Last year was a wreck for Carvana, the online used-car seller known for its tall glass “car vending…
Continue Reading401(k) balances rise, despite economic and market challenges
By Jeanne Sahadi, CNN Business Despite higher prices, endless talk of a possible recession and falling markets, 401(k) participants managed to keep…
Continue ReadingOzy Media founder Carlos Watson arrested and charged with fraud
By Oliver Darcy, CNN Business Carlos Watson, the founder and chief executive of the embattled Ozy Media, was arrested and charged with fraud this…
Continue ReadingBBC won’t be ‘put off’ covering India by tax raids and censorship
By Hanna Ziady, CNN The BBC says it will not be “put off” from reporting in India after the government prevented a documentary critical…
Continue ReadingUS mortgage rates rise for the third week in a row
By Anna Bahney, CNN Mortgage rates shot up for the third-straight week, as inflation concerns make rates more volatile. The 30-year fixed-rate…
Continue ReadingDomino’s stock tumbles 11% as delivery problems persist
By Danielle Wiener-Bronner, CNN Domino’s delivery problems aren’t over. In the last quarter of 2022 sales at locations open at least a…
Continue ReadingBiden nominates former MasterCard exec Ajay Banga to lead World Bank
By Jordan Valinsky, CNN President Joe Biden has announced that he’s nominating Ajay Banga, a former MasterCard executive, to serve as president…
Continue ReadingFTX founder Sam Bankman-Fried indicted on new criminal charges, including campaign finance violations
By Kara Scannell, Lauren del Valle and Fredreka Schouten, CNN Federal prosecutors announced four new criminal charges against Sam Bankman-Fried, the…
Continue ReadingAmericans have a collective $21 billion in unspent gift cards
By Parija Kavilanz, CNN Some people love them, some people hate them. Worse, a large number of us who receive them on special occasions are…
Continue ReadingThe US economy grew less in fourth quarter than previously believed
By Chris Isidore and Alicia Wallace, CNN The US economy grew at a 2.7% annual rate in the final three months of the year, the Commerce Department…
Continue ReadingIt’s market bulls vs. Fed hawks on Wall Street
By Nicole Goodkind, CNN There’s a new tussle brewing in the animal kingdom of Wall Street: Hawks vs. Bulls. Policymakers at the Federal Reserve…
Continue ReadingChina is helping to prop up the Russian economy. Here’s how
CNN By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much…
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