One of the world’s most expensive cities raises minimum wage … by 32 cents
By Jessie Yeung, CNN It’s one of the world’s priciest cities, with the least affordable housing market on the planet and parking spaces…
Continue ReadingMoney
HSBC says profits triple as it announces share buyback
By Michelle Toh, CNN HSBC announced it had tripled its quarterly profit Tuesday, blowing past expectations as it benefited from high interest rates…
Continue ReadingFilm and TV writers go on strike, bringing production on many shows to a halt
By Chris Isidore and Juliana Liu, CNN More than 11,000 members of the Writers Guild of America (WGA) are set to go on strike Tuesday morning for the…
Continue ReadingJack Ma takes up visiting professorship in Japan
By Michelle Toh, CNN Jack Ma has a new job: visiting professor in Japan. The Chinese billionaire has joined Tokyo College, under the University of…
Continue Reading‘It’s not a good look.’ As cost of living crisis bites, some Brits are questioning spending money on glitzy coronation
By Ivana Kottasová, CNN The first time Angela Davis went to a food bank was mortifying. The single mother of five — with three kids still…
Continue ReadingMorgan Stanley plans to cut another 3,000 jobs, source says
By Matt Egan, CNN Morgan Stanley is planning another round of layoffs that would wipe out approximately 3,000 jobs, a person familiar with the matter…
Continue ReadingLordstown Motors stock plunges after dispute with investor Foxconn
By Peter Valdes-Dapena, CNN Shares of electric truck maker Lordstown Motors dropped more than 40% in Monday trading and ended the day down 23%, after…
Continue ReadingNYC to give out 500 Apple AirTags for residents to put in their cars to combat car theft
By Laura Ly and Peter Valdes-Dapena, CNN Some Kia, Hyundai and Honda models are getting stolen in New York City so often that the Mayor is giving out…
Continue ReadingKit Kat Cereal is hitting US shelves
By Ramishah Maruf, CNN Who wants a big bowl of “chocolatey crispy deliciousness” for breakfast? General Mills is betting a lot of people…
Continue ReadingWhat every consumer should know about bank failures
By Jeanne Sahadi Let’s be frank: If you have a US bank account, hearing about bank failures in the past couple of months hasn’t felt…
Continue ReadingFDIC calls to boost deposit insurance above $250,000 for some accounts
By Elisabeth Buchwald, CNN The Federal Deposit Insurance Corporation is advocating for an increase in the deposit insurance limit for business…
Continue ReadingEd Sheeran says allegations in copyright infringement trial are ‘really insulting’
By Nicki Brown, CNN Musician Ed Sheeran appeared visibly frustrated on the stand Monday as he continued his testimony in the second week of his…
Continue ReadingJury briefly deliberates in Ed Sheeran copyright infringement case before ending for the day
CNN, WCBS By Nicki Brown and Sabrina Souza, CNN The jury in the Ed Sheeran copyright infringement case — about whether Sheeran’s smash single…
Continue ReadingJPMorgan Chase to buy most First Republic assets after bank becomes third in US to fail since March
CNN By Chris Isidore and Olesya Dmitracova, CNN JPMorgan Chase is buying most assets of First Republic Bank and assuming all of the lender’s…
Continue ReadingJamie Dimon: Risk of recession not raised by latest bank failure
By Matt Egan, Chris Isidore and Alicia Wallace, CNN The collapse of First Republic Bank is unlikely to worsen the US economic outlook, JPMorgan CEO…
Continue ReadingWhat the takeover of First Republic means for the bank’s customers
By Jeanne Sahadi, CNN First Republic Bank was taken over by the Federal Deposit Insurance Corporation on Monday, with most of its assets sold to…
Continue ReadingAdidas sued by shareholders over its failed Ye partnership
By Jordan Valinsky, CNN Business Adidas shareholders filed a class-action lawsuit against the brand, accusing it of failing to warn investors about…
Continue ReadingChobani CEO says he won’t be captive to profit demands
By Nicole Goodkind, CNN The founder and CEO of Chobani, a company that quickly captured more than 20% of the US yogurt market, has a clear mission:…
Continue ReadingFDIC calls to boost deposit insurance above $250,000 for some accounts
CNN By Elisabeth Buchwald, CNN The Federal Deposit Insurance Corporation is advocating for an increase in the deposit insurance limit for business…
Continue ReadingHollywood braces for writers’ strike that could shut down production on most TV shows
By Chris Isidore, CNN The clock is ticking toward a costly strike that could shut down production on most television shows, pushing back the return…
Continue Reading