Vox Media to lay off 7% of workforce
By Oliver Darcy, CNN Business Vox Media, the publisher of news websites such as Vox and The Verge, in addition to New York magazine, will lay off 7%…
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Home prices hit a record high last year
By Anna Bahney, CNN The real estate market took a downward turn in 2022, as rising interest rates rapidly slowed the frenzied sales activity seen the…
Continue ReadingHe became a meme at age 9. A decade later, this college football player has the last laugh: a deal with Popeyes
By Faith Karimi, CNN College freshman Dieunerst Collin’s road to internet meme fame started with a confused side-eye at a Popeyes in New…
Continue ReadingRegal Cinemas is closing 39 more movie theaters. See the list
By Jordan Valinsky, CNN Regal Cinemas is closing 39 more movie theaters across the United States. The decision comes four months after its parent…
Continue ReadingGlobal interest rate hikes are ‘yet to bite,’ says IMF head
By Anna Cooban, CNN The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious optimism…
Continue ReadingWhat we learned at Davos: The economy is a mess, but there’s still hope
By Nicole Goodkind, CNN Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the…
Continue ReadingUnion ranks had a very good 2022. It’s not for the reason you think
By Chris Isidore, CNN Unions just had one of the best years in terms of growing membership so far this century. But the high-profile organizing wins…
Continue ReadingFrom the Emirates to Davos: South Korea’s big week in global business
By Michelle Toh, Yoonjung Seo and Jake Kwon, CNN South Korea’s leader is capping off a whirlwind week, after securing tens of billions of…
Continue ReadingThis Chinese billionaire has lost over 90% of his fortune
By Diksha Madhok and Laura He, CNN The past few years have not been great for the super-rich in China, particularly those who built their fortune in…
Continue ReadingBoeing ordered to appear in court next week on fraud conspiracy charge
By Greg Wallace, CNN A federal judge has ordered Boeing to appear in federal court in Texas next week for an arraignment on a fraud charge involving…
Continue ReadingFTX founder says there was a security incident at parents’ home
By Kara Scannell, CNN Attorneys for disgraced FTX founder Sam Bankman-Fried urged the judge in his fraud case to keep the names of two people who…
Continue ReadingFAA says unintentionally deleted files are to blame for nationwide ground stop
By Brian Rokus, CNN A contractor working for the Federal Aviation Administration unintentionally deleted files related to a key pilot safety system,…
Continue ReadingNetflix founder Reed Hastings stepping down as co-CEO
By Clare Duffy, CNN Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive…
Continue ReadingTop Fed official: Inflation is easing, but our work isn’t done
By Alicia Wallace, CNN The Federal Reserve is seeing progress in its battle to bring down US inflation and remains laser-focused on reaching the…
Continue ReadingWall Street Journal: WWE’s Vince McMahon settles with ex-employee who accused him of rape
By Jordan Valinsky, CNN World Wrestling Entertainment executive chairman Vince McMahon has agreed to another multimillion-dollar legal settlement…
Continue ReadingUber wants its future to have three-wheeled cars, face-to-face seats
By Peter Valdes-Dapena, CNN Business Uber drivers don’t always need four wheels, front-facing passenger seats and top speeds over 50 miles an…
Continue ReadingBad news for the economy is now bad news on Wall Street
By Paul R. La Monica, CNN The market is bracing for a perfect storm of bad news. The latest worry? The impending debt ceiling drama in Washington.…
Continue ReadingMortgage rates fall to levels last seen in September
By Anna Bahney, CNN Mortgage rates fell this week as economic data showed inflation is fading. The 30-year fixed-rate mortgage averaged 6.15% in the…
Continue ReadingJobless claims drop to 190,000 as labor market remains tight
By Alicia Wallace, CNN The number of first-time claims for unemployment insurance fell unexpectedly to 190,000 for the week ending January 14,…
Continue ReadingResale value of Gucci, Chanel, Louis Vuitton handbags is falling
By Parija Kavilanz, CNN Consumers, spooked by accelerating job cuts, looming recession fears and continuing high prices for goods and services in…
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