Mortgage rates advance toward 8%
By Anna Bahney Washington, DC (CNN) — Mortgage rates continued to climb last week amid a stronger-than-expected economy and geopolitical…
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EU asks Meta for more details on efforts to stop illegal and inaccurate content on Israel-Hamas war
By Anna Cooban, CNN London (CNN) — The European Union has told Meta it has a week to explain in greater detail how it is fighting the spread of…
Continue ReadingRite Aid is closing nearly 100 stores, with more to follow, as part of its bankruptcy. See the list
CNN By Parija Kavilanz, CNN New York (CNN) — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than…
Continue ReadingNew York AG accuses crypto firms of deceiving investors in $1 billion fraud
By Allison Morrow (CNN) — The fallout from the colossal implosion of Sam Bankman-Fried’s crypto business is still rippling through the…
Continue ReadingHarvard and UPenn donors are furious. It may have a financial domino effect
By Nathaniel Meyersohn, CNN New York (CNN) — Influential donors to Harvard University and the University of Pennsylvania say they will cut…
Continue ReadingAirAsia chief Tony Fernandes criticized after posting shirtless massage photo on LinkedIn
By Michelle Toh, CNN Hong Kong (CNN) — AirAsia boss Tony Fernandes has created a firestorm on social media after sharing a photo of himself…
Continue ReadingHow billion-dollar fines are reshaping digital communications in banking
By Nicole Goodkind, CNN New York (CNN) — In a workplace that’s become increasingly dominated by instant messaging apps like Slack, global…
Continue ReadingNestlé is closing an infant formula factory as China’s birth rate plunges
By Hanna Ziady, CNN London (CNN) — Nestlé plans to close a plant in Ireland that makes baby formula, citing a sharp drop in China’s birth…
Continue ReadingUS citizen working as journalist detained in Russia
By Mariya Knight, CNN Atlanta (CNN) — A US-Russian dual national working for Radio Free Europe has been detained in Russia and charged with…
Continue ReadingChina’s housing market struggle will weigh on global growth
By Laura He, CNN Hong Kong (CNN) — China’s real estate market remains a drag and will put pressure on global growth. New home prices fell in…
Continue ReadingNokia says it will cut up to 14,000 jobs
By Michelle Toh, CNN Hong Kong (CNN) — Nokia will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market…
Continue ReadingGM and Honda team up on autonomous ride service for Japan
By Peter Valdes-Dapena, CNN (CNN) — General Motors and Honda, along with Cruise — GM’s autonomous driving subsidiary — have agreed to…
Continue ReadingUPenn crisis deepens: Former trustee calls for president to resign as donors bail
By Matt Egan, CNN Business New York (CNN Business) — Former University of Pennsylvania trustee Vahan Gureghian is calling for Liz Magill, the…
Continue ReadingDelta loyalty program backlash: Airline backtracks on some changes after an uproar from customers
By Gregory Wallace, CNN (CNN) — Delta Air Lines is easing off some recent changes to its SkyMiles loyalty program that sparked criticism from…
Continue ReadingCostco’s longtime CEO steps down
By Nathaniel Meyersohn, CNN New York (CNN) — Longtime Costco chief executive Craig Jelinek will step down at the end of the year, the company…
Continue ReadingTexas Hilton cancels conference hosted by Palestinian rights group, citing ‘escalating security concerns’
By Samantha Delouya, CNN (CNN) — A Hilton hotel in Houston, Texas has canceled a conference scheduled for next week hosted by the US Campaign…
Continue ReadingNetflix hikes prices again
By Samantha Delouya, CNN Los Angeles (CNN) — Netflix has raised its prices again. The streaming giant said in its third-quarter earnings report…
Continue ReadingTesla third-quarter earnings slow, missing forecasts
By Chris Isidore, CNN New York (CNN) — Tesla reported a drop in third-quarter earnings as the electric vehicle maker fell short of Wall Street…
Continue ReadingApple continues its sweep to roll out USB-C to more devices
By Samantha Murphy Kelly, CNN Business (CNN) — Apple (AAPL) quietly announced its next-generation Pencil that works with iPads and now includes…
Continue ReadingRite Aid is closing nearly 100 stores, with more to follow, as part of its bankruptcy. See the list
By Parija Kavilanz, CNN New York (CNN) — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100…
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