Delta decided against using ‘fairly old’ backup system during FAA outage
CNN By Gregory Wallace, CNN Delta Air Lines has a backup to the federal aviation safety system that failed this week, but the airline decided against…
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Mud, mold, and destruction: California businesses face catastrophic damage
CNN, KSBY, KCBS, KCAL, KION, KSBW, KGO, KEYT By Parija Kavilanz, CNN At the end of a long wooden California pier that juts out above the Pacific…
Continue ReadingMud, mold, and destruction: California businesses face catastrophic damage
By Parija Kavilanz, CNN At the end of a long wooden California pier that juts out above the Pacific ocean sits the Wharf House. It’s now almost…
Continue ReadingExclusive: Rocket CEO says housing isn’t a buyer’s or a seller’s market. Now it’s even
By Matt Egan, CNN Business Covid-19 set off an epic housing boom that left first-time homebuyers feeling desperate amid relentless bidding wars and…
Continue ReadingExclusive: Rocket CEO says housing isn’t a buyer’s or a seller’s market. Now it’s even
CNN, CNN BUSINESS By Matt Egan, CNN Business Covid-19 set off an epic housing boom that left first-time homebuyers feeling desperate amid relentless…
Continue ReadingWhy consumer sentiment is at its highest level since April
By Alicia Wallace, CNN As inflation continues its slow and steady descent, consumer sentiment is climbing back out of a trough hit last year. The…
Continue ReadingPepsi is changing its Zero Sugar recipe
By Jordan Valinsky, CNN Business Pepsi Zero Sugar will soon taste different. The sugar-free soda unveiled a new recipe that uses a “new…
Continue ReadingBank earnings fail to impress investors as recession worries rise
By Paul R. La Monica, CNN JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall…
Continue Reading‘This is the last thing we need:’ Millions of businesses hammered by the pandemic need to start paying back Covid loans
By Gabe Cohen, CNN At Teddy & The Bully Bar restaurant near downtown Washington, DC, business has never been the same since the pandemic hit.…
Continue ReadingGlobal interest rate hikes are ‘yet to bite,’ says IMF head
CNN, KRON By Anna Cooban, CNN The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious…
Continue ReadingWhy Goldman Sachs isn’t too worried about a recession
By Nicole Goodkind, CNN America’s largest financial institutions are pivoting into a new industry: Meteorology. JPMorgan Chase CEO Jamie Dimon…
Continue ReadingAging, outdated technology leaves air travel at risk of meltdown
By Brian Fung, CNN The massively disruptive computer outage at the Federal Aviation Administration this week that caused thousands of cancelled or…
Continue ReadingDelta trims guidance on cost of pilots labor deal
By Chris Isidore, CNN Delta Air Lines reported very strong fourth-quarter results Friday that beat forecasts, capping its first profitable year since…
Continue ReadingBosch to invest $1 billion in EV parts factory in China
By Diksha Madhok Bosch, the German engineering and technology company, is planning to invest $1 billion to make components for new energy vehicles in…
Continue ReadingThailand welcomes back Chinese tourists with ‘arms wide open’ as key market returns
By Kocha Olarn and Michelle Toh, CNN For years, Thailand welcomed legions of Chinese tourists to its golden beaches, shopping districts and striking…
Continue ReadingChina’s exports plunge as global demand weakens, but trade with Russia hits record high
By Laura He, CNN China reported a record trade surplus for 2022, as its key export sector delivered robust growth for most of last year, providing…
Continue ReadingBoeing 737 Max 8 takes off in China for the first time since 2019
By Pierre Meilhan, CNN A Boeing 737 Max 8 took off in China on Friday, for the first time since the government grounded all 737 Max 8 planes in 2019,…
Continue ReadingStarbucks tells corporate employees to return to office 3 days a week
By Juliana Liu, CNN Corporate workers at Starbucks must return to the office at least three days a week by the end of January, interim CEO Howard…
Continue ReadingNYC mayor cites slower economic growth spurred by high office vacancy, cost of migrant crisis and health care, in budget address
By Mark Morales, CNN New York City Mayor Eric Adams unveiled the state of the city’s economic outlook as part of a $102.7 billion budget…
Continue ReadingUS deficit widens by $85 billion in December
By Alicia Wallace, CNN The US government recorded a deficit of $85 billion in December, bringing the total deficit to nearly $1.42 trillion for the…
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