More layoffs are on the way, survey of business economists finds
CNN, CNN BUSINESS By Matt Egan, CNN For the first time since the early days of the pandemic, most business economists expect their companies to cut…
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Surging egg prices mean record profits for largest US egg producer
CNN By Nathaniel Meyersohn, CNN A spike in egg prices has squeezed customers. But even with rising costs of its own, the leading US egg supplier has…
Continue ReadingSurging egg prices mean record profits for largest US egg producer
By Nathaniel Meyersohn, CNN A spike in egg prices has squeezed customers. But even with rising costs of its own, the leading US egg supplier has…
Continue ReadingDelta decided against using ‘fairly old’ backup system during FAA outage
By Gregory Wallace, CNN Delta Air Lines has a backup to the federal aviation safety system that failed this week, but the airline decided against…
Continue ReadingDelta decided against using ‘fairly old’ backup system during FAA outage
CNN By Gregory Wallace, CNN Delta Air Lines has a backup to the federal aviation safety system that failed this week, but the airline decided against…
Continue ReadingMud, mold, and destruction: California businesses face catastrophic damage
CNN, KSBY, KCBS, KCAL, KION, KSBW, KGO, KEYT By Parija Kavilanz, CNN At the end of a long wooden California pier that juts out above the Pacific…
Continue ReadingMud, mold, and destruction: California businesses face catastrophic damage
By Parija Kavilanz, CNN At the end of a long wooden California pier that juts out above the Pacific ocean sits the Wharf House. It’s now almost…
Continue ReadingExclusive: Rocket CEO says housing isn’t a buyer’s or a seller’s market. Now it’s even
By Matt Egan, CNN Business Covid-19 set off an epic housing boom that left first-time homebuyers feeling desperate amid relentless bidding wars and…
Continue ReadingExclusive: Rocket CEO says housing isn’t a buyer’s or a seller’s market. Now it’s even
CNN, CNN BUSINESS By Matt Egan, CNN Business Covid-19 set off an epic housing boom that left first-time homebuyers feeling desperate amid relentless…
Continue ReadingWhy consumer sentiment is at its highest level since April
By Alicia Wallace, CNN As inflation continues its slow and steady descent, consumer sentiment is climbing back out of a trough hit last year. The…
Continue ReadingPepsi is changing its Zero Sugar recipe
By Jordan Valinsky, CNN Business Pepsi Zero Sugar will soon taste different. The sugar-free soda unveiled a new recipe that uses a “new…
Continue ReadingBank earnings fail to impress investors as recession worries rise
By Paul R. La Monica, CNN JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall…
Continue Reading‘This is the last thing we need:’ Millions of businesses hammered by the pandemic need to start paying back Covid loans
By Gabe Cohen, CNN At Teddy & The Bully Bar restaurant near downtown Washington, DC, business has never been the same since the pandemic hit.…
Continue ReadingGlobal interest rate hikes are ‘yet to bite,’ says IMF head
CNN, KRON By Anna Cooban, CNN The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious…
Continue ReadingWhy Goldman Sachs isn’t too worried about a recession
By Nicole Goodkind, CNN America’s largest financial institutions are pivoting into a new industry: Meteorology. JPMorgan Chase CEO Jamie Dimon…
Continue ReadingAging, outdated technology leaves air travel at risk of meltdown
By Brian Fung, CNN The massively disruptive computer outage at the Federal Aviation Administration this week that caused thousands of cancelled or…
Continue ReadingDelta trims guidance on cost of pilots labor deal
By Chris Isidore, CNN Delta Air Lines reported very strong fourth-quarter results Friday that beat forecasts, capping its first profitable year since…
Continue ReadingBosch to invest $1 billion in EV parts factory in China
By Diksha Madhok Bosch, the German engineering and technology company, is planning to invest $1 billion to make components for new energy vehicles in…
Continue ReadingThailand welcomes back Chinese tourists with ‘arms wide open’ as key market returns
By Kocha Olarn and Michelle Toh, CNN For years, Thailand welcomed legions of Chinese tourists to its golden beaches, shopping districts and striking…
Continue ReadingChina’s exports plunge as global demand weakens, but trade with Russia hits record high
By Laura He, CNN China reported a record trade surplus for 2022, as its key export sector delivered robust growth for most of last year, providing…
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