Bed Bath and Beyond is closing 87 more stores. See the list
By Jordan Valinsky, CNN Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy. These closures are in…
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Asia’s richest no more? Gautam Adani’s wealth crashes as $90 billion wiped off his business
By Diksha Madhok, CNN Gautam Adani looks set to cede his position as Asia’s richest man to another Indian billionaire as shares in his business…
Continue ReadingFed approves smallest rate hike since March, in nod to improved inflation outlook
By Nicole Goodkind, CNN The Federal Reserve unanimously approved a quarter-point interest rate hike Wednesday, slowing the pace of its increases in a…
Continue ReadingBiden proposes ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets
By Donald Judd President Joe Biden announced new progress Wednesday on his administration’s “competition agenda,” specifically…
Continue ReadingMissing radioactive capsule found on remote road in Australia
By Hilary Whiteman, CNN Authorities scanning a remote Australian highway for a tiny missing radioactive capsule have found it by the roadside, after…
Continue ReadingIndian guru Asaram given life sentence in second rape case
By Swati Gupta and Rhea Mogul, CNN An Indian court on Tuesday sentenced self-proclaimed spiritual guru Asaram Bapu to life imprisonment on charges of…
Continue ReadingBritain hit by biggest day of strikes in a decade as pay disputes escalate
By Hanna Ziady, CNN As many as half a million workers are striking across Britain on Wednesday, closing schools, canceling university lectures and…
Continue ReadingChinese cities are struggling to pay their bills as ‘hidden debts’ soar
By Laura He, CNN Three years of strict pandemic controls in China and a real estate crash have drained local government coffers, leaving authorities…
Continue ReadingHong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin
By Jessie Yeung, CNN Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and…
Continue ReadingPayPal will lay off 2,000 workers, or 7% of staff
By Catherine Thorbecke, CNN PayPal said Tuesday it plans to lay off about 2,000 employees, or roughly 7% of its staff, making it the latest tech firm…
Continue ReadingMaryland bill would subsidize employers that try a 4-day workweek
By Jeanne Sahadi, CNN Business In a first-of-its-kind proposal in the United States, some Maryland lawmakers want to subsidize employers that choose…
Continue ReadingWhy these chunky, ugly running shoes are selling like crazy
By Nathaniel Meyersohn, CNN Sneakers designed to feel like running barefoot used to be the hottest phenomenon in exercise. Now, the opposite is true.…
Continue ReadingStocks sizzled in January as rate hike and inflation fears ebbed
By Paul R. La Monica, CNN New year, new attitude on Wall Street. Stocks are off to a strong start in 2023 following last year’s abysmal…
Continue ReadingCentral banks have been fighting a war on inflation. They’re not done yet
By Julia Horowitz, CNN One of the main jobs of central banks is to keep prices under control, allowing households and businesses to plan for the…
Continue ReadingTesla confirms DOJ has requested documents on Autopilot, ‘Full Self-Driving’
By Matt McFarland, CNN Business Tesla confirmed in a public filing released today that the US Department of Justice has requested documents…
Continue ReadingExxonMobil earnings more than double to annual record
By Chris Isidore, CNN ExxonMobil’s earnings slowed from a peak earlier in the year but the oil giant still reached a full-year record profit…
Continue ReadingThe Covid sales boom is over for Pfizer
By Paul R. La Monica, CNN Pfizer generated nearly $57 billion in combined sales last year from its Comirnaty Covid-19 vaccine and Paxlovid antiviral…
Continue ReadingUS consumers remain wary of the economy, new survey shows
By Alicia Wallace, CNN Consumer confidence in the economy continues to waver, despite easing inflation. The Conference Board’s consumer…
Continue ReadingUS home prices dropped for the fifth month in a row in November
By Anna Bahney, CNN US home prices dropped for the fifth month in a row in November, as rising mortgage rates pushed prospective buyers out of the…
Continue ReadingWages continue to rise, but they still aren’t keeping pace with inflation
By Tami Luhby, CNN Employers continued to raise wages during the fourth quarter to attract workers and hold on to existing staff, though the pace of…
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