US deficit widens by $85 billion in December
CNN 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…
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Egg prices exploded 60% higher last year. These food prices surged too
By Alicia Wallace, CNN Eggs, milk, butter, flour … if you were making pancakes last year, it would have cost you. Food prices surged in 2022.…
Continue ReadingHBO Max raises prices for the first time
By Jordan Valinsky, CNN Business HBO Max, which debuted in May 2020, is getting its first-ever price hike. Effective immediately, the ad-free HBO Max…
Continue ReadingExxon accurately predicted global warming from 1970s — but continued to cast doubt on climate science, new report finds
By Laura Paddison, CNN ExxonMobil’s own scientists accurately predicted future global warming in reports dating back to the late 1970s and…
Continue ReadingTax filing season starts January 23, IRS says
By Jeanne Sahadi, CNN The IRS will start accepting 2022 federal income tax returns on January 23, the tax agency announced on Thursday. Of course,…
Continue ReadingMortgage rates inched down last week, after a slight increase the week before
By Anna Bahney, CNN Mortgage rates inched down last week, after a slight increase the week before. The 30-year fixed-rate mortgage averaged 6.33% in…
Continue ReadingPrices fell in December as inflation continues to moderate
By Alicia Wallace, CNN For the first time in nearly three years, inflation fell on a monthly basis. Consumer prices decreased by 0.1% in December,…
Continue ReadingNew York nurses strike ends after tentative deal reached with hospitals
By Chris Boyette and Artemis Moshtaghian, CNN A nurses strike at two private New York City hospital systems has come to an end after 7,000 nurses…
Continue ReadingMattel launches new Barbie doll for preschoolers
By Parija Kavilanz, CNN Business Mattel is giving preschoolers a new age-appropriate Barbie doll that it says is better suited for their needs. The…
Continue ReadingWhy Walmart is eliminating single-use bags in some states but not others
By Nathaniel Meyersohn, CNN Walmart will eliminate single-use paper and plastic carryout bags at the register from stores in New York, Connecticut…
Continue ReadingSam Bankman-Fried speaks out for the first time since his arrest
By Allison Morrow, CNN Sam Bankman-Fried, the former crypto star turned alleged white-collar criminal, has spoken out for the first time since his…
Continue ReadingAuto sales are falling — but profits are surging. Welcome to the new normal
By Nicole Goodkind, CNN The US auto industry just posted its worst sales in more than a decade — but that’s not necessarily a bad sign for…
Continue ReadingWall Street Journal: Subway is exploring a sale
By Jordan Valinsky, CNN Business Subway, one of the world’s most recognizable fast food brands, might be up for a sale, according to the Wall…
Continue ReadingHong Kong businesses cheer China reopening, but warn there’s a long way to go
By Michelle Toh, Sandi Sidhu and Marc Stewart, CNN Kiki Yang brought an empty green suitcase from Shenzhen to Hong Kong this week to load up on new…
Continue ReadingChina posts one of its worst economic performances in decades because of Covid
CNN By Laura He, CNN China’s economy expanded by just 3% in 2022, far below the government’s own target, marking one of the worst…
Continue ReadingChina’s local governments set 2023 growth targets, offering clues on economic recovery
By Laura He, CNN A number of key provinces and cities in China have announced their growth targets for this year, most of them above 5%, offering the…
Continue ReadingThis company will make employees pay a hefty fine if they bother colleagues on vacation
By Diksha Madhok, CNN Getting urgent work emails from colleagues even during vacation? This is a common occurrence for many white-collar workers,…
Continue ReadingDon’t involuntarily reassign our licensed practical nurses to replace striking nurses, union warns NYC hospital
By Tami Luhby and Celina Tebor, CNN The law firm for a union representing licensed practical nurses (LPNs) in New York City sent a cease-and-desist…
Continue ReadingDisney names Nike executive Mark Parker as new chairman
By David Goldman, CNN The Walt Disney Company has named Nike executive chairman Mark Parker as its new board chair, replacing longtime director Susan…
Continue ReadingBlackRock is cutting 500 jobs as Wall Street layoffs continue
By Matt Egan, CNN BlackRock, the world’s largest asset manager, is cutting about 500 jobs following a period of rapid hiring. A spokesperson…
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