FTX founder Sam Bankman-Fried tried to bribe Chinese officials, prosecutors say
By Allison Morrow, CNN Federal prosecutors tacked on a 13th criminal charge against Sam Bankman-Fried, accusing the FTX co-founder of bribing…
Continue ReadingMoney
Bank of England on high alert as investors ‘test’ banks
By Hanna Ziady, CNN Bank of England governor Andrew Bailey has said investors are hunting for “points of weakness” in banking, as fears…
Continue Reading
US home prices fell in January for the seventh-straight month
By Anna Bahney, CNN US home prices fell for the seventh month in a row in January, even as mortgage rates eased, according to the latest S&P…
Continue ReadingBanking chaos could break the strong job market
By Nicole Goodkind, CNN The job market has remained strong even as the Federal Reserve has spent a full year attempting to cool off the economy by…
Continue ReadingSix takeaways from the Senate hearing on recent bank failures
By Nicole Goodkind, CNN Silicon Valley Bank’s downfall sent waves of panic through the financial system earlier this month, setting off a chain…
Continue ReadingBeyond FDIC insurance: How protected is your money outside of banks?
CNN By Jeanne Sahadi, CNN Just as stock market turmoil is a good reminder to make sure your investment portfolio is diversified, a few surprise bank…
Continue ReadingKakao wins control of K-pop powerhouse SM Entertainment
By Michelle Toh and Gawon Bae, CNN South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for…
Continue ReadingThe company behind Johnnie Walker and Guinness appoints first female CEO
By Hanna Ziady, CNN One of the world’s largest alcoholic drinks companies has appointed its first female CEO. Diageo, which makes Guinness beer…
Continue ReadingChina gave huge loans to some countries. Now it’s spending billions to bail them out
By Jessie Yeung, CNN For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence…
Continue ReadingOne in 5 young people in Chinese cities are out of work. Beijing wants them to work in the fields
CNN By Laura He, CNN As the jobless rate among China’s youth soars, the country’s richest province has offered a highly controversial…
Continue ReadingChina’s new premier rolls out the welcome wagon for foreign companies
By Laura He, CNN China’s new premier, Li Qiang, has offered a hearty welcome to foreign companies in an effort to arrest a slump in business…
Continue ReadingEx-Fox producer said she gave misleading testimony in Dominion case ‘to keep my job’
CNN By Marshall Cohen and Kristina Sgueglia, CNN Abby Grossberg, the former Fox News producer who accused the right-wing network of pressuring her…
Continue ReadingPrince Harry and Elton John are going to court in a high-profile fight against the Daily Mail
By Oliver Darcy, CNN Another high-octane case against a media outlet is getting underway — this one, across the pond in the UK. Both Prince Harry…
Continue ReadingChipotle agrees to pay ex-employees after closing store that tried to unionize
By Chris Isidore, CNN Chipotle Mexican Grill will pay a total $240,000 in salary and back pay to the former employees of an Augusta, Maine,…
Continue ReadingSilicon Valley Bank has a new owner. What it means for the bank crisis
By Mark Thompson, Liz Enochs and Chris Isidore, CNN In a milestone moment for the banking crisis, a company has purchased most of what’s left…
Continue ReadingTaylor Swift fans take Ticketmaster to court over Eras Tour ticketing chaos
By Jennifer Korn, Ramishah Maruf and Camila Bernal, CNN Taylor Swift fans headed to court in Los Angeles Monday to face off against Ticketmaster…
Continue ReadingDisney begins laying off 7,000 employees, CEO Bob Iger announces
By Jon Passantino, CNN Disney CEO Bob Iger on Monday said his company will begin laying off staff starting this week, the first of three rounds of…
Continue ReadingThis is why SVB imploded, says top Fed official
By Matt Egan, CNN Silicon Valley Bank imploded due to mismanagement and a sudden panic among depositors, a top Federal Reserve official plans to tell…
Continue ReadingEurope’s banks are still at risk, regulator warns
By Mark Thompson and Julia Horowitz, CNN Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse…
Continue ReadingUS regulators sue crypto megaplatform Binance and its CEO
By Allison Morrow, CNN Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and its CEO for allegedly violating US…
Continue Reading