Short-seller Hindenburg targets Jack Dorsey’s Block
By Nicole Goodkind, CNN Shares of Block, the company behind Cash App, plunged by 20% Thursday morning after the release of a searing report from…
Continue ReadingMoney
Good news for homebuyers. Mortgage rates just dropped again
By Anna Bahney, CNN Mortgage rates dropped again this week for the second week in a row amid lingering concerns about bank failures and uncertainty…
Continue ReadingGM to stop making Chevy Camaro, leaving muscle car’s future uncertain
By Peter Valdes-Dapena, CNN General Motors announced Wednesday that it’s ending production of the latest generation of the Chevrolet Camaro,…
Continue ReadingSpotify removes Bollywood song catalog in licensing dispute
By Anna Cooban Bollywood fans have been left without access to hundreds of their favorite tunes on Spotify because of a licensing dispute. Spotify…
Continue ReadingStartup’s 3D-printed rocket delivers stunning night launch but fails to reach orbit
CNN, CNN BUSINESS By Jackie Wattles, CNN Startup Relativity Space sent what it’s calling the “world’s first 3D-printed…
Continue ReadingAccenture slashes 19,000 jobs worldwide
By Anna Cooban, CNN Accenture plans to slash 19,000 jobs worldwide as it attempts to cut costs amid a gloomy economic picture. The Irish-American…
Continue ReadingNew home sales rose for the third month in a row
By Anna Bahney, CNN New home sales rose in February, climbing for the third month in a row as mortgage rates eased off their highs of the past year…
Continue ReadingNew Starbucks CEO plans to pull barista shifts in stores every month
By Danielle Wiener-Bronner, CNN Starbucks’ new CEO Laxman Narasimhan teased his plan for the company in a letter to employees. It includes…
Continue ReadingFord to lose $3 billion from EV sales to consumers this year
By Chris Isidore, CNN Ford said it will lose $3 billion on its sales of electric vehicles to consumers this year, but it still expects to hit the…
Continue ReadingFive big takeaways from the Fed’s extraordinary meeting
By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly high…
Continue ReadingFive big takeaways from the Fed’s extraordinary meeting
CNN By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as it attempts to fight stubbornly…
Continue ReadingBank of England hikes interest rates again following inflation shock
By Hanna Ziady, CNN The Bank of England hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight to rein in…
Continue ReadingSwiss central bank says crisis halted as it hikes interest rates
By Mark Thompson, CNN Switzerland’s banking crisis has been halted, the country’s central bank said Thursday as it hiked interest rates…
Continue ReadingFrench airports, schools and oil refineries hit by national strike over pension age increase
By Dalal Mawad, Aurore Laborie, Oliver Briscoe and Joshua Berlinger, CNN French transport networks, oil refineries and schools were hit by widespread…
Continue ReadingEvergrande Group announces long-awaited debt restructuring deal after 2021 collapse
By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has unveiled a…
Continue ReadingEvergrande Group announces long-awaited debt restructuring deal after 2021 collapse
CNN By Laura He, CNN China’s Evergrande Group, whose collapse in 2021 sparked China’s worst property market crisis on record, has…
Continue ReadingGlobal markets mixed after US Fed raises rates by a quarter-point
By Juliana Liu and Anna Cooban, CNN European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal…
Continue ReadingFed official: People ‘hate’ inflation. That trumps bank stress and job loss
CNN By Matt Egan, CNN The Federal Reserve faced a particularly vexing decision this week: Should it raise interest rates during a bank crisis? For…
Continue ReadingStartup’s 3D-printed rocket delivers stunning night launch but fails to reach orbit
By Jackie Wattles, CNN Startup Relativity Space sent what it’s calling the “world’s first 3D-printed rocket” toward space on…
Continue Reading
How TikTok’s CEO prepared for his first grilling on Capitol Hill
By Oliver Darcy, CNN Shou Zi Chew is getting ready for his inaugural trip to Congress. The TikTok chief executive has, for the last week,…
Continue Reading