Elon Musk’s $50 billion trial comes to an end
By Matt McFarland, CNN Business The trial for the Tesla shareholder lawsuit examining CEO Elon Musk’s unprecedented compensation package…
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Shipping giant Maersk settles lawsuit filed by student allegedly raped at sea
By Blake Ellis and Melanie Hicken, CNN Shipping giant Maersk has settled a lawsuit filed by a former US Merchant Marine Academy student who says she…
Continue ReadingCarvana cuts 1,500 jobs on slowing used-car demand
by Reuters Used-car retailer Carvana Co. is cutting 1,500 jobs, or 8% of its workforce, the company said on Friday, amid waning demand for used cars…
Continue ReadingGet ready for bigger paychecks: Record high increases expected in 2023
By Jeanne Sahadi, CNN Business Employers are planning to increase their salary budgets by 4.6% next year, the highest expected annual jump in 15…
Continue ReadingExplosive traces found at Nord Stream pipeline indicate ‘gross sabotage,’ Sweden says
By Lindsay Isaac and Sophie Tanno, CNN The blasts at the Nord Stream pipeline in September were caused by an act of sabotage, Swedish prosecutors…
Continue ReadingThe crypto meltdown, explained
By Allison Morrow, CNN Business November 2022 is a month that investors, particularly in cryptocurrencies, will never forget. And the worst may be…
Continue ReadingThe crypto meltdown, explained
CNN, CNN BUSINESS By Allison Morrow, CNN Business November 2022 is a month that investors, particularly in cryptocurrencies, will never forget. And…
Continue ReadingUS home sales fall for 9th month in a row in October
By Anna Bahney, CNN Business Home sales in the United States declined for the ninth month in a row in October as surging mortgage rates and high…
Continue ReadingBiden meets with business, labor leaders to highlight inflation progress
By Jeremy Diamond and Arlette Saenz, CNN President Joe Biden is meeting with business executives and labor leaders to highlight recent progress in…
Continue ReadingIKEA suppliers allegedly used Belarus prisoners under forced labor conditions, report says
By Mia Alberti IKEA furniture was allegedly produced by prisoners in Belarus penal colonies under forced labor conditions, according to a new report…
Continue ReadingHouse panel wants internal documents from bankrupt crypto exchange FTX
By Matt Egan A powerful subcommittee in the House of Representatives is seeking internal documents and communications from Sam Bankman-Fried and FTX…
Continue ReadingFTX lawyer says ‘substantial amount’ of assets are either stolen or missing
CNN By Allison Morrow, CNN Business The full extent of FTX’s financial disarray is becoming clearer as the failed crypto exchange’s new…
Continue ReadingInside Twitter as ‘mass exodus’ of staffers throws platform’s future into uncertainty
By Oliver Darcy, CNN Business Death is in the air on Twitter. On the platform Thursday evening, where #RIPTwitter was the top trend worldwide, users…
Continue ReadingWhat is Bud Zero, the only beer Budweiser can sell at the World Cup?
By Jordan Valinsky, CNN Business In a surprise reversal, Qatar announced a ban of alcoholic beer at the eight stadiums hosting the World Cup. That…
Continue ReadingThe Bahamas seizes digital assets from bankrupt FTX unit for ‘safekeeping’
By Matt Egan, CNN Business Authorities in the Bahamas have taken control of cryptocurrency assets held by a unit of bankrupt exchange FTX. The…
Continue ReadingFed officials crushed investors’ hopes this week
By Nicole Goodkind, CNN Business Investors sleuthing for clues about what the Federal Reserve will decide during its December policy meeting got…
Continue Reading‘Complete failure:’ Filing reveals staggering mismanagement inside FTX
CNN By Allison Morrow, CNN Business A new court filing about Sam Bankman-Fried’s bankrupt companies reveals a crypto empire that was colossally…
Continue Reading‘Complete failure:’ Filing reveals staggering mismanagement inside FTX
By Allison Morrow, CNN Business A new court filing about Sam Bankman-Fried’s bankrupt companies reveals a crypto empire that was colossally…
Continue ReadingA rail strike won’t screw up your holidays. Here’s how it’ll affect you in other ways
CNN By Chris Isidore, Vanessa Yurkevich and Matt Egan, CNN Business So once again the nation and its economy is facing the risk of a massive freight…
Continue ReadingTesla’s close-knit leadership team goes under the spotlight in court
CNN, CNN BUSINESS By Matt McFarland, CNN Business The Tesla board of directors that created the largest compensation package in history for CEO Elon…
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