Mobileye goes public, raising Intel $861 million
By Matt McFarland, CNN Business Intel spun out its driver-assist subsidiary Mobileye Wednesday and raised $861 million in the initial public…
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TJ Maxx cuts Yeezy-branded merchandise amid Kanye West fallout
By Parija Kavilanz, CNN Business The list of companies cutting ties with artist and designer Ye following a series of antisemitic remarks continues…
Continue ReadingThreat of rail strike rises as members of another union reject proposed labor deal
By Chris Isidore and Vanessa Yurkevich, CNN Business Rank and file members of another railroad union have rejected a tentative labor deal, a move…
Continue ReadingIt’s ugly. It was catching fire. It’s old tech. GM is selling the Chevy Bolt like hotcakes
By Peter Valdes-Dapena, CNN Business General Motors makes a big deal out of the Ultium battery technology underpinning its new and upcoming electric…
Continue ReadingNew SEC rule requires executives to give back bonuses when accountants screw up
By Nicole Goodkind, CNN Business The Securities and Exchange Commission voted Wednesday to adopt a new rule that would require public companies to…
Continue ReadingA California marijuana company is being sued over the potency of its joints
By Zoe Sottile and Claudia Dominguez, CNN Two disgruntled customers are suing a California marijuana company, alleging that their prerolled joints…
Continue ReadingTop Senate Democrat warns the Fed against causing mass job losses
By Matt Egan, CNN Business Democratic Sen. Sherrod Brown is warning the Federal Reserve not to attack inflation so aggressively that it undoes the…
Continue ReadingA key market indicator is signaling a recession
By Paul R. La Monica, CNN Business Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a…
Continue ReadingBoeing reports unexpected loss after taking hits from Air Force One, Starliner programs
By Chris Isidore, CNN Business Boeing reported an unexpected loss in the third quarter Wednesday after taking a massive $2.8 billion charge related…
Continue ReadingHousing slowdown: New home sales fell 10.9% in September
By Anna Bahney, CNN Business New home sales fell in September amid rising mortgage rates that have pushed some buyers away from the housing market.…
Continue ReadingEurope now has so much natural gas that prices just dipped below zero
By Anna Cooban, CNN Business Europe has more natural gas than it knows what to do with. So much, in fact, that spot prices briefly went negative…
Continue ReadingBrands have dumped Kanye West. What about his music career?
By Frank Pallotta, CNN Business Ye — formerly known as Kanye West — has lost partnerships with fashion brands including Gap, Balenciaga and…
Continue ReadingBed Bath and Beyond names a new CEO
By Jordan Valinsky, CNN Business Bed Bath and Beyond has named a new CEO — and investors were selling the stock. The beleaguered retailer has…
Continue ReadingClorox recalls 37 million bottles of Pine-Sol that could contain bacteria
By Jordan Valinsky, CNN Business Roughly 37 million bottles of Pine-Sol products have been recalled because they could contain a potentially harmful…
Continue ReadingDon’t be fooled by a strong GDP report
By Nicole Goodkind, CNN Business Imminent recession is the topic du jour. From Goldman Sachs to the IMF, analysts and economists seem to agree that…
Continue ReadingDon’t be fooled by a strong GDP report
CNN, WFMJ By Nicole Goodkind, CNN Business Imminent recession is the topic du jour. From Goldman Sachs to the IMF, analysts and economists seem to…
Continue ReadingUK delays budget as new prime minister tries to fix ‘economic crisis’
By Hanna Ziady and Julia Horowitz, CNN Business The UK government has delayed its budget by more than two weeks, buying new Prime Minister Rishi…
Continue ReadingAaron Donald and Jaylen Brown leave Kanye West’s Donda Sports agency
By Rob McLean, CNN Business Two high profile athletes are leaving Kanye West’s sports agency, Donda Sports, in the wake of the artist and…
Continue ReadingKanye West no longer a billionaire, says Forbes
By Chris Isidore, CNN Business Rapper Ye’s falling out with corporate partners has cost him his status as a billionaire, according to Forbes.…
Continue ReadingDon’t worry, you can still get a great return on these inflation-protected bonds
CNN By Jeanne Sahadi, CNN Business There are few places to keep your cash these days that can protect your money from inflation. And while you might…
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