NYC faces a potential fiscal cliff with a nearly $10 billion deficit by 2026
By Alison Kosik and Kate Trafecante, CNN Business The New York State Comptroller said Tuesday that several of New York City’s fiscal challenges…
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Beyond Meat suspends executive after he was arrested on suspicion of biting a man’s nose
By Allison Morrow, CNN Business Beyond Meat suspended its chief operating officer after he was arrested over the weekend on suspicion of biting a…
Continue ReadingGOP attorneys general threaten Visa, American Express and MasterCard over gun-store code
By Matt Egan Two dozen Republican attorneys general warned Visa, American Express and MasterCard on Tuesday not to go ahead with their plans to add a…
Continue ReadingWalmart and Target push to lower credit card fees
By Nathaniel Meyersohn, CNN Business Frustrated by extra credit card fees when you shop? A pair of bipartisan bills in Congress aim to lower the…
Continue ReadingGap is laying off 500 corporate employees as challenges mount
By Jordan Valinsky, CNN Business Roughly 500 corporate jobs are being eliminated at the Gap, adding to the problems that the beleaguered retailer is…
Continue ReadingQueen Elizabeth’s funeral draws 26 million viewers in the UK
By Anna Cooban, CNN Business More than 26 million people tuned in to watch the Queen’s funeral in the United Kingdom on Monday, the first to be…
Continue Reading‘Astonishing.’ Morgan Stanley hard drives holding sensitive client data got auctioned off online
By Matt Egan, CNN Business Federal regulators accused Morgan Stanley on Tuesday of “astonishing” failures that led to the mishandling of…
Continue ReadingStrikes could bring UK railways to a standstill
By Anna Cooban and Arnaud Siad, CNN Business Labor unions in the United Kingdom offered the country a brief respite from a wave of strike action…
Continue ReadingWonder where the economy is heading? Keep an eye on earnings
By Paul R. La Monica, CNN Business Corporate America is starting to brace for a recession. Economic bellwether FedEx stunned Wall Street last week…
Continue ReadingAs many as 45,000 Fords can’t be sold because they’re missing parts
By Chris Isidore, CNN Business The still-clogged global supply chain continues to wreak havoc on the auto industry. Ford said late Monday it will end…
Continue ReadingStocks sink as investors wait for the Fed’s rate hike
By Paul R. La Monica, CNN Business So much for Wall Street sitting back and taking it easy while awaiting the Federal Reserve’s latest interest…
Continue ReadingStocks sink as investors wait for the Fed’s rate hike
CNN By Paul R. La Monica, CNN Business So much for Wall Street sitting back and taking it easy while awaiting the Federal Reserve’s latest…
Continue ReadingTime for someone else to ride the Peloton bike?
By Paul R. La Monica, CNN Business Peloton formally unveiled its high-priced new rowing machine Tuesday. But the company is still facing rough…
Continue ReadingOpinion: The world is moving backward in the combat against poverty and disease. Here’s what we need to do
Opinion by Mark Suzman for CNN Business Perspectives The first two decades of the 21st century provided more progress for more people than perhaps…
Continue ReadingNew home building picked up last month, but builder sentiment remains low
By Anna Bahney Home building bounced back a bit last month even though demand for new homes among buyers had started to cool off and the cost of…
Continue ReadingTax fossil fuel companies ‘feasting’ on profits as ‘planet burns’ and power bills soar, UN chief urges
By Angela Dewan, CNN Business Rich economies should hit oil and gas companies with new windfall taxes to provide help for countries suffering from…
Continue ReadingBiden administration picks former Chicago, DC transportation leader to head EV charging program
By Matt McFarland, CNN Business Gabe Klein, who has led transportation departments in Washington, DC and Chicago, will head the Biden…
Continue ReadingAnxious investors are piling into hedge funds
By Julia Horowitz, CNN Business For years, the climate for hedge funds was tough. Volatility was low. The price of everything was going up. It…
Continue ReadingGood news: Freight railroads are not on strike. Bad news: The service is still terrible
By Chris Isidore and Matt McFarland, CNN Business The fact that there is not a freight railroad strike happening this week is a huge win for the US…
Continue ReadingInflation is stubbornly high. Here’s what this bank exec suggests you do
By Michelle Toh, CNN Business People around the world are searching for ways to shield themselves from the impact of stubbornly high inflation, and…
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