Big Tech can’t save your investments
By Nicole Goodkind, CNN Business Tech stocks are taking a beating this week as they prove less resilient to the economic downturn than investors had…
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Shell announces $4 billion share buyback as profits double
By Hanna Ziady, CNN Business Shell will buy back $4 billion worth of shares and increase its dividend by 15% after posting another gigantic quarterly…
Continue ReadingCredit Suisse announces ‘radical’ restructuring with Saudi backing
By Julia Horowitz, CNN Business Credit Suisse will raise $4 billion to step back from Wall Street and double down on managing the finances of the…
Continue ReadingThai tycoon and transgender rights advocate buys Miss Universe for $20 million
By Jessie Yeung and Kocha Olarn, CNN A Thai media tycoon and transgender rights advocate has bought the Miss Universe Organization for $20 million,…
Continue ReadingCNN employees brace for layoffs after network chief warns of ‘unsettling’ changes ahead
By Oliver Darcy, CNN Business “Unsettling.” That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on…
Continue ReadingWhispers of improvement may slow recession’s drumbeat
Alexandra Peers, CNN A roar of corporate earnings came out this week and last, and the information piling up from the backbone-of-American-buyers…
Continue ReadingSkechers executives escort Kanye West out of building, company says
By Rob McLean, CNN Business Athletic shoe company Skechers said in a statement Wednesday that two of its executives escorted embattled musician Kanye…
Continue ReadingFord, VW pull plug on robotaxis in blow to self-driving car industry
By Matt McFarland, CNN Business Ford and Volkswagen, two of the world’s largest automakers, are shutting down their joint effort to develop…
Continue ReadingDOJ codifies rule barring secret subpoenas of journalists’ records
By Jessica Schneider and Hannah Rabinowitz, CNN Attorney General Merrick Garland announced Wednesday that the Justice Department formally introduced…
Continue ReadingMobileye goes public, raising Intel $861 million
By Matt McFarland, CNN Business Intel spun out its driver-assist subsidiary Mobileye Wednesday and raised $861 million in the initial public…
Continue ReadingTJ Maxx cuts Yeezy-branded merchandise amid Kanye West fallout
By Parija Kavilanz, CNN Business The list of companies cutting ties with artist and designer Ye following a series of antisemitic remarks continues…
Continue ReadingThreat of rail strike rises as members of another union reject proposed labor deal
By Chris Isidore and Vanessa Yurkevich, CNN Business Rank and file members of another railroad union have rejected a tentative labor deal, a move…
Continue ReadingIt’s ugly. It was catching fire. It’s old tech. GM is selling the Chevy Bolt like hotcakes
By Peter Valdes-Dapena, CNN Business General Motors makes a big deal out of the Ultium battery technology underpinning its new and upcoming electric…
Continue ReadingNew SEC rule requires executives to give back bonuses when accountants screw up
By Nicole Goodkind, CNN Business The Securities and Exchange Commission voted Wednesday to adopt a new rule that would require public companies to…
Continue ReadingA California marijuana company is being sued over the potency of its joints
By Zoe Sottile and Claudia Dominguez, CNN Two disgruntled customers are suing a California marijuana company, alleging that their prerolled joints…
Continue ReadingTop Senate Democrat warns the Fed against causing mass job losses
By Matt Egan, CNN Business Democratic Sen. Sherrod Brown is warning the Federal Reserve not to attack inflation so aggressively that it undoes the…
Continue ReadingA key market indicator is signaling a recession
By Paul R. La Monica, CNN Business Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a…
Continue ReadingBoeing reports unexpected loss after taking hits from Air Force One, Starliner programs
By Chris Isidore, CNN Business Boeing reported an unexpected loss in the third quarter Wednesday after taking a massive $2.8 billion charge related…
Continue ReadingHousing slowdown: New home sales fell 10.9% in September
By Anna Bahney, CNN Business New home sales fell in September amid rising mortgage rates that have pushed some buyers away from the housing market.…
Continue ReadingEurope now has so much natural gas that prices just dipped below zero
By Anna Cooban, CNN Business Europe has more natural gas than it knows what to do with. So much, in fact, that spot prices briefly went negative…
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