Stock buybacks could beat last year’s record $1.2 trillion
By Nicole Goodkind, CNN Companies have been eager to please Wall Street in what has so far been a lackluster earnings season by repurchasing shares…
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Adidas says dropping Kanye West could cost it more than $1 billion in sales
By Jordan Valinsky, CNN Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. The company warned Thursday that it’s…
Continue ReadingThe dark side of the sports betting boom
By Nathaniel Meyersohn, CNN The sports gambling gold rush is coming at a high cost. In 2018, the Supreme Court struck down a federal ban on…
Continue ReadingA subsidy arms race is kicking off between Europe and America
By Julia Horowitz, CNN When US President Joe Biden signed the Inflation Reduction Act into law, he enacted the biggest climate investment in American…
Continue ReadingRussia to cut oil output by 5% as sanctions bite
By Anna Cooban and Radina Gigova, CNN Russia will cut crude oil production by half a million barrels per day starting in March, a little over two…
Continue ReadingUK avoided recession last year by narrowest of margins. It might not be so lucky in 2023
By Olesya Dmitracova and Rob North, CNN The UK economy flatlined in the last quarter of 2022, meaning that it just managed to avoid falling into a…
Continue ReadingCoca-Cola partners with RosalÃa on new drink
By Danielle Wiener-Bronner, CNN Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning…
Continue ReadingCoca-Cola partners with RosalÃa on new drink
CNN By Danielle Wiener-Bronner, CNN Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning…
Continue ReadingBTS agency HYBE buys stake in its K-pop rival
By Yoonjung Seo and Michelle Toh, CNN HYBE, the management agency behind superstar boy band BTS, will become the biggest shareholder of its K-pop…
Continue ReadingBiden hasn’t committed to Super Bowl interview with Fox, source says
By Oliver Darcy, CNN President Joe Biden has not yet committed to a pre-Super Bowl interview with Fox News, a person at the channel familiar with the…
Continue ReadingSpaceX’s interplanetary rocket fires up engines in unprecedented test
By Jackie Wattles and Kristin Fisher, CNN SpaceX just attempted to ignite all 33 engines in a test fire of its gargantuan Super Heavy rocket booster.…
Continue ReadingSpring homebuying and selling season is here. Are you ready?
By Anna Bahney, CNN Super Bowl weekend is the unofficial kick-off to the peak spring home buying and selling season, according to many real estate…
Continue ReadingSouthwest explains its meltdown to Congress
CNN By Chris Isidore, Aditi Sangal and Gregory Wallace, CNN Southwest’s December meltdown was front and center at a Senate Commerce Committee…
Continue ReadingRent for a Manhattan apartment remains mind-bogglingly high
By Anna Bahney, CNN Even as rents are cooling in some parts of the country, it has never cost more to rent a Manhattan apartment during the month of…
Continue ReadingMortgage rates rise on inflation concerns
By Anna Bahney, CNN Mortgage rates rose this week after four weeks of declines, as a stronger-than-expected jobs report suggested the Federal Reserve…
Continue ReadingChick-fil-A’s newest sandwich has no chicken in it
By Jordan Valinsky, CNN Chick-fil-A’s newest sandwich ditches chicken for … cauliflower. The aptly named “Chick-fil-A Cauliflower…
Continue ReadingBob Iger wins again. Activist shareholder stands down in Disney board battle
By Kate Trafecante, CNN In Bob we trust, Wall Street said Thursday. After reporting a multibillion cost-cutting initiative that sent Disney shares…
Continue ReadingJudge extends restrictions on Sam Bankman-Fried’s communications
By Kara Scannell, CNN A federal judge extended restrictions on Sam Bankman-Fried’s ability to contact former employees of FTX, citing concerns…
Continue ReadingSouthwest explains its meltdown to Congress
By Chris Isidore, Aditi Sangal and Gregory Wallace, CNN Southwest’s December meltdown was front and center at a Senate Commerce Committee…
Continue ReadingNetflix clamps down on password sharing in four more countries
By Anna Cooban, CNN Netflix has extended its crackdown on password sharing to Canada, New Zealand, Portugal and Spain. Users in these countries will…
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