What 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…
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Adidas 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 ReadingGoodbye Covid: tourists mob China’s most popular attractions during Labor Day
By Chris Lau and Mengchen Zhang, CNN From the Great Wall to Shanghai’s waterfront Bund, China’s most famous destinations are being mobbed…
Continue ReadingJPMorgan Chase to buy most First Republic assets after bank fails
By Chris Isidore and Olesya Dmitracova, CNN JPMorgan Chase is buying most assets of First Republic Bank after the nation’s second-largest bank…
Continue ReadingUS Chamber of Commerce warns of major increase in risks for businesses in China
By Michelle Toh, CNN The United States Chamber of Commerce has warned that rising scrutiny of American firms in China “dramatically…
Continue ReadingBud Light wanted to market to all. Instead, it’s alienating everyone
By Danielle Wiener-Bronner, CNN For years, Bud Light leaned on jokey ad campaigns and its designation as a light beer to push sales. But recently,…
Continue ReadingOne in 5 young people in Chinese cities are out of work. Beijing wants them to work in the fields
By Laura He, CNN As the jobless rate among China’s youth soars, the country’s richest province has offered a highly controversial…
Continue Reading14 million jobs worldwide will vanish in the next 5 years, new economic report finds
CNN, POOL, WORLD ECONOMIC FORUM, BOSTON DYNAMICS, FOX NEWS SUNDAY By Julia Horowitz, CNN Huge disruptions will rock the global job market over the…
Continue Reading14 million jobs worldwide will vanish in the next 5 years, new economic report finds
By Julia Horowitz, CNN Huge disruptions will rock the global job market over the next five years as the economy weakens and companies boost adoption…
Continue ReadingBig banks are bidding for troubled First Republic as FDIC deadline looms
By Chris Isidore and Matt Egan, CNN Federal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the…
Continue ReadingUber’s 2023 lost and found report includes dentures, weed, a lightsaber and a slushy machine
By Emmy Abbassi, CNN Uber has released its annual list of items forgotten by passengers in cars and it includes some truly bizarre items —…
Continue ReadingWall Street wants clarity from Fed meeting and jobs data
By Krystal Hur, CNN After a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn’t have time for a breather just…
Continue ReadingLyft CEO tells employees they must return to the office
By Ramishah Maruf, CNN Lyft’s new CEO David Risher announced another change for the ride-share company: Workers will soon have to return to the…
Continue ReadingBride says she had her wedding dress held ‘hostage’ in billing dispute involving Bed Bath & Beyond
By Ramishah Maruf, CNN It’s what every bride has nightmares about: A wedding dress disappeared, stained, or — in New Hampshire resident Jesse…
Continue ReadingBed Bath & Beyond, Toys ‘R’ Us and RadioShack all shut down for the same reason
By Nathaniel Meyersohn, CNN In the 1980s, a new type of specialty retail chain started to emerge: “category killers.” The stores’…
Continue ReadingJenny Craig is reportedly winding down its weight-loss centers and warning of mass layoffs
By Nathaniel Meyersohn, CNN Jenny Craig is reportedly shutting down some of its weight-loss centers and warning employees of mass layoffs amid…
Continue ReadingFirst Republic teeters on the edge — again
By Krystal Hur, CNN First Republic Bank’s fate is looking grim. The bank’s stock has plummeted about 75% this week, after a disappointing…
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