The real reasons stores such as Walmart and Starbucks are closing in big cities
By Nathaniel Meyersohn, CNN Nordstrom. Walmart. Whole Foods. Starbucks. CVS. These big chains and others have closed stores in major US cities…
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UK economy limps along as high inflation hits spending
By Anna Cooban, CNN The United Kingdom’s economy limped along in the first quarter of this year as consumers spent less on services and strike…
Continue ReadingItalian pasta prices are soaring. Rome is in crisis talks with producers
By Barbie Latza Nadeau, Valentina Di Donato and Anna Cooban, CNN Italy’s government convened crisis talks Thursday to investigate the reasons…
Continue ReadingTesla to recall 1.1 million cars in China over potential safety risks, Chinese regulator says
By Laura He, CNN Tesla will recall more than 1.1 million cars in China due to potential safety risks, the country’s top market regulator said…
Continue ReadingChina’s record carbon emissions expected to peak due to clean energy push, report says
By Laura He, CNN China’s carbon emissions will likely hit a new record in 2023 on the back of an economic rebound, but a rapid expansion in…
Continue ReadingAustralia’s trade minister visits China to lobby for ‘full’ restoration of trade
By Michelle Toh, CNN Australia’s trade chief has arrived in China to lobby for the removal of curbs from its top trading partner, three years…
Continue ReadingOklahoma governor wages war on PBS station after claiming it is indoctrinating children with LGBTQ content
By Oliver Darcy, CNN America’s most-watched PBS station is on the verge of going dark. The Republican governor of Oklahoma, Kevin Stitt,…
Continue ReadingNew York City passes bill banning weight discrimination
By Vanessa Yurkevich, CNN Victoria Abraham graduated from New York University last year, ready to enter the job market. She is a self-proclaimed…
Continue ReadingHere’s how we know a US default would be an economic disaster
By Bryan Mena and Tami Luhby, CNN In CNN’s town hall with Donald Trump on Wednesday, the former president said a US default on its debt may be…
Continue ReadingNew York City passes bill banning weight discrimination
CNN, KPIX By Vanessa Yurkevich, CNN Victoria Abraham graduated from New York University last year, ready to enter the job market. She is a…
Continue ReadingJPMorgan Chase CEO Jamie Dimon says Trump doesn’t understand the debt ceiling
By Nicole Goodkind, CNN JPMorgan Chase CEO Jamie Dimon sharply criticized former President Donald Trump on Thursday, saying the 2024 presidential…
Continue ReadingAs PacWest shares dive, are we seeing the 2008 financial crisis all over again?
By Elisabeth Buchwald, CNN If the current banking crisis looks like ’08, sounds like ’08 and feels like ’08, is it ’08 all…
Continue ReadingUS employees are more satisfied than ever, new survey finds
By Jeanne Sahadi, CNN No job will ever be perfect. But a new survey released by The Conference Board on Thursday found that US employees’ job…
Continue ReadingMortgage rates tick down for the second week in a row
By Anna Bahney, CNN Mortgage rates ticked down last week for the second week in a row, as progress on inflation is keeping rates calmer. The 30-year…
Continue ReadingABC News announces new anchors for ‘GMA3’
By Jordan Valinsky, CNN Business ABC News on Thursday announced the new anchors for “GMA3,” five months after T.J. Holmes and Amy Robach…
Continue ReadingPeloton is recalling 2 million bikes
By Jordan Valinsky, CNN Business Peloton is recalling 2 million bikes because of a safety hazard caused by the adjustable seat that could break…
Continue ReadingBig banks could face billions more in FDIC fees after bank collapses
By Elisabeth Buchwald, CNN The Federal Deposit Insurance Corporation’s board of directors approved a proposal to raise the fees banks pay to…
Continue ReadingPacWest Bank shares tumble as crisis prompts customers to yank deposits
By Allison Morrow, CNN Shares of PacWest Bancorp tumbled Thursday after the regional bank reported that customers had recently drawn down about 9.5%…
Continue ReadingNorfolk Southern unveils compensation plans for homeowners near derailment site
By Andrea Cambron, Jason Carroll and Chris Isidore, CNN Norfolk Southern is spelling out how it will compensate East Palestine, Ohio, homeowners…
Continue ReadingGM Envolve takes direct aim at Ford’s fleet business
By Peter Valdes-Dapena, CNN Business With a new business unit introduced Wednesday, General Motors is taking direct aim at Ford Motor Co.’s…
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