JPMorgan Chase CEO Jamie Dimon says Ukraine invasion is a top economic concern
By Nicole Goodkind, CNN The war in Ukraine and US-China relations are two of JPMorgan Chase CEO Jamie Dimon’s largest economic concerns, he…
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America’s credit rating could get downgraded even if a default is avoided, Fitch Ratings warns
By Matt Egan, CNN Every few years, Washington plays a dangerous game of chicken over whether to raise the debt ceiling or default on US debt. Even if…
Continue ReadingAmazon closing some of its cashier-free stores
By Chris Isidore, CNN Business Amazon is permanently closing eight of its 29 Amazon Go convenience stores that offer customers the ability to shop…
Continue ReadingHead of UK business lobby steps aside following complaints about his conduct
By Robert North, CNN The head of the main business lobby in the United Kingdom is stepping aside while an investigation takes place into complaints…
Continue ReadingSiriusXM to cut 8% of workforce, eliminating 475 jobs
By Jon Passantino Satellite radio giant SiriusXM is laying off 475 people, or about 8% of its workforce, as part of a broad restructuring. With the…
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Larry Summers: US economy could hit an ‘air pocket’ in the coming months
By Alicia Wallace, CNN The US economy may still be running fast and strong, but its risk of suddenly falling into a recession still looms large,…
Continue ReadingCNN anchor Kasie Hunt gives birth in surprise 13-minute labor
CNN By Nicole Goodkind, CNN CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to…
Continue ReadingConsumers keep spending. That might not be good news for them or the Fed
By Alicia Wallace, CNN US consumers kept spending last year despite historically high inflation, not only shelling out for necessities but also…
Continue ReadingHoda Kotb returns to ‘Today’ after daughter’s illness forced a two-week absence
By Jordan Valinsky, CNN Hoda Kotb returned to co-anchoring NBC’s “Today” show following a two-week absence, explaining to viewers…
Continue ReadingThis developer is happy that new home construction is falling
By Nicole Goodkind, CNN Recent headlines point to a slumping US housing market — as mortgage rates average near 7%, an increasing number of…
Continue ReadingMore rate hikes are needed, says Fed’s Mary Daly
By Nicole Goodkind, CNN Business Federal Reserve policymakers will need to raise interest rates higher and keep them there longer to tackle the…
Continue Reading$30 million of Funko Pop! toys will be thrown in the trash
By Nicole Goodkind, CNN Business Thirty million dollars worth of Funko Pop! figures — those big-headed, vinyl pop-culture dolls — will…
Continue ReadingCNN anchor Kasie Hunt gives birth in surprise 13-minute labor
By Nicole Goodkind, CNN CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the…
Continue ReadingIt’s Hell Week on Wall Street
By Nicole Goodkind, CNN Wall Street investors are gearing up for their version of Hell Week — a torrent of jobs data coming over the next few days…
Continue ReadingChina to increase defense spending 7.2%, sets economic growth target of ‘around 5%’ for 2023
By Laura He, Simone McCarthy and Wayne Chang, CNN China has set an official economic growth target of “around 5%” for 2023, as it seeks…
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Tesla recalls almost 3,500 Model Y cars for loose bolts
By Ramishah Maruf, CNN Tesla is recalling 3,470 2022-2023 Model Y cars due to bolts in the second-row seat back frames not being secured properly. An…
Continue ReadingProsecutors want Sam Bankman-Fried to use a flip phone as part of a more restrictive bail package
By Kara Scannell, CNN The use of a flip phone, or some non-smartphone, is one of several restrictions that prosecutors and Sam Bankman-Fried’s…
Continue ReadingBoeing CEO Calhoun just missed out on a $7 million bonus. But he still got a raise
By Chris Isidore, CNN Boeing CEO David Calhoun missed out on a $7 million bonus last year, but still got a raise. Boeing’s proxy filing Friday…
Continue ReadingDespite toxic disaster, railroads still want single-person crews
By Chris Isidore, CNN The nation’s major freight railroads have long desired to have only one crew member, a lone engineer, in the cab of their…
Continue ReadingWhy the ‘zip-a-dee-doo-dah’ lyric is so controversial — and why Disneyland has removed it
By Jordan Valinsky and Natasha Chen, CNN Disneyland has removed the “zip-a-dee-doo-dah” lyric played during its park parades because it…
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