3 things that will help reduce the sting of high inflation
By Jeanne Sahadi, CNN Business There’s really nothing nice to say about inflation when it comes to your bottom line. It’s hard on your…
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Kanye West dropped by Balenciaga
By Ramishah Maruf, CNN Business Fashion powerhouse Balenciaga has officially severed ties with Kanye West following a series of antisemitic posts and…
Continue ReadingKanye West dropped by Balenciaga
CNN By Ramishah Maruf, CNN Business Fashion powerhouse Balenciaga has officially severed ties with Kanye West following a series of antisemitic posts…
Continue ReadingStocks soar on hopes that Fed will slow rate hikes
By Paul R. La Monica, CNN Business A disastrous earnings report from Snap and less than inspiring results from Dow components American Express and…
Continue ReadingCalifornia mental health workers vote to end 10-week strike
By Chris Isidore, CNN Business A 10-week strike by about 2,000 therapists and other mental health professionals in Northern California ended with a…
Continue ReadingUS budget deficit slashed in half, but remains far above pre-pandemic levels, as Covid spending winds down
By Alicia Wallace, CNN Business The US budget deficit was slashed in half during fiscal year 2022, a record $1.4 trillion drop driven by the winding…
Continue ReadingBBC trolls Liz Truss, via Rihanna: ‘You look so dumb right now’
CNN, CNN BUSINESS By Anna Cooban, CNN Business The BBC has taken a swipe at outgoing UK Prime Minister Liz Truss — with a little help from Rihanna.…
Continue ReadingBBC trolls Liz Truss, via Rihanna: ‘You look so dumb right now’
By Anna Cooban, CNN Business The BBC has taken a swipe at outgoing UK Prime Minister Liz Truss — with a little help from Rihanna. After a six-week…
Continue ReadingUnprecedented 401(k) boost: IRS increases amount you can save for retirement in 2023
By Jeanne Sahadi, CNN Business The IRS on Friday announced a record increase in contribution limits to 401(k) and other tax-deferred retirement plans…
Continue ReadingThe era of the meme trade is over
By Nicole Goodkind, CNN Business It’s been a tumultuous year for retail traders — people who buy shares of individual companies or indexes on…
Continue ReadingGoogle hit with $162 million fine from Indian regulators over anti-competitive practices
Swati Gupta, CNN Business Google is facing the heat in India. The country’s antitrust regulator has imposed a penalty of approximately 13.4…
Continue ReadingNewsmax bans Lara Logan after QAnon-style rant, condemns her words in ‘the strongest terms’
By Oliver Darcy, CNN Business The right-wing channel Newsmax has banned Lara Logan from its air after she went on a QAnon-style rant during an…
Continue ReadingTexas regulators have their eyes on one of the most powerful players in the crypto world
Jon Sarlin, CNN Business The big news in crypto this week came via a court filing in Texas. FTX, the crypto giant that is led by arguably the most…
Continue ReadingRailroads reject latest proposal from third largest union, as strike date looms
By Vanessa Yurkevich and Chris Isidore, CNN Business US freight railroads rejected a new sick leave proposal from a union of track maintenance…
Continue ReadingFormer Treasury Secretary Larry Summers says chance of recession next year is substantial
By Nicole Goodkind, CNN Business Former US Treasury Secretary Larry Summers said on Thursday that it’s “substantially” more likely…
Continue ReadingAs prices soar, consumers turn to McDonald’s
CNN By Danielle Wiener-Bronner, CNN Business Inflation is relentlessly high and food prices in particular are soaring. In this environment, customers…
Continue ReadingElon Musk says Tesla shares are only going up. But he’s selling them anyway
By Michael Ballaban Elon Musk made another one of his predictions. On Wednesday evening’s earnings call, the Tesla CEO claimed that his…
Continue ReadingWhy BMW really decided to make batteries in the US
By Peter Valdes-Dapena, CNN Business BMW recently announced a $1.7 billion investment to help prepare its huge Spartanburg, South Carolina, factory…
Continue ReadingElon Musk didn’t want EV tax credits. Now Tesla is warming up to them
By Matt McFarland, CNN Business Tesla buyers may be able to take advantage of new federal tax credits for electric vehicles next year, the…
Continue ReadingInflation has people living paycheck to paycheck. Here’s how some banks are responding
By Alicia Wallace, CNN Business “Payday Friday” may soon be replaced by “Payday Wednesday.” This week, JPMorgan Chase,…
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