Snap sends shares tumbling with warning on economy and earnings
By Reuters Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast,…
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Airbnb is closing its listings business in China
By Sahar Akbarzai and Michelle Toh, CNN Business Airbnb will shut down its listings in China after two years of lockdowns in the country “with…
Continue ReadingGlobalization is coming undone, and that’s a huge red flag
CNN, CNNBUSINESS By Allison Morrow, CNN Business One of the many buzzwords percolating around Davos this week is “fragmentation,” the…
Continue ReadingBefore Omicron, inflation and war, Americans’ finances hit new highs, survey shows
By Alicia Wallace, CNN Business Things were looking up for most Americans at the end of last year, with many households reporting their financial…
Continue ReadingStocks surge thanks to big rally for JPMorgan Chase and other banks
By Paul R. La Monica, CNN Business Investors took a break from selling in May and going away, for one day at least. Stocks soared Monday, as positive…
Continue ReadingGlobal economy faces ‘its biggest test’ since WWII
CNN, CNNBUSINESS By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first…
Continue ReadingDavos: Central bankers say cryptos aren’t real currencies
By Paul R. La Monica, CNN Business Stablecoins are unstable. Cryptocurrencies don’t act like currency. Does digital money ever stand a chance…
Continue ReadingOpinion: It’s time to prepare for a recession
CNN, CNNBUSINESS Opinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps…
Continue ReadingT-Mobile and AT&T are Wall Street bright spots, but Verizon is struggling
By Paul R. La Monica, CNN Business Inflation concerns have made it a brutal year for stocks, but wireless service is one area where prices…
Continue ReadingMarkets are down, but these charts explain why investors shouldn’t panic
By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue ReadingMarkets are down, but these charts explain why investors shouldn’t panic
CNN By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue ReadingGoldman Sachs CEO calls subway shooting of employee a ‘senseless tragedy’
By Jordan Valinsky, CNN Business Goldman Sachs CEO David Solomon said he’s “devastated” about the shooting Sunday on a New York…
Continue ReadingThe bull market minted millions of day traders. They’re in for a rough ride
By Allison Morrow, CNN Business In early 2021, in the midst of speculative stock market euphoria, a pair of day traders went viral on TikTok with a…
Continue ReadingGermany urges Hungary to agree to a Russian oil embargo
By Anna Cooban, CNN Business Germany’s frustration over some European countries’ resistance to an embargo of Russia’s oil was laid…
Continue ReadingDidi’s disastrous foray onto Wall Street is over
By Michelle Toh, CNN Business Shareholders voted Monday in favor of Didi’s plan to quit the New York Stock Exchange less than a year after…
Continue ReadingGlobal economy faces ‘its biggest test’ since WWII
By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first World Economic…
Continue ReadingFirst on CNN: White House explores tapping emergency diesel reserve to ease price spike
By Matt Egan, CNN The White House is considering an emergency declaration that would enable President Joe Biden to release diesel from a rarely used…
Continue ReadingA new billionaire has been minted nearly every day during the pandemic
By Tami Luhby, CNN The Covid-19 pandemic has been good for the wallets of the wealthy. Some 573 people have joined the billionaire ranks since 2020,…
Continue ReadingWhy Insider’s global editor-in-chief decided to publish the sexual harassment allegation against Elon Musk
By Ramishah Maruf, CNN Business Elon Musk is going after Insider for publishing a story alleging he sexually harassed a flight attendant on a SpaceX…
Continue ReadingWhy Insider’s global editor-in-chief decided to publish the sexual harassment allegation against Elon Musk
CNN By Ramishah Maruf, CNN Business Elon Musk is going after Insider for publishing a story alleging he sexually harassed a flight attendant on a…
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