Turkey’s stock market halted after earthquake leads to sharp selloff
By Anna Cooban, CNN Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south,…
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US-China trade defies talk of decoupling to hit record high in 2022
By Juliana Liu, CNN Trade between the United States and China hit a record high in 2022, even as political tension heightened between the…
Continue ReadingRail unions reach deal with CSX railroad for paid sick time
By Vanessa Yurkevich, CNN CSX Transportation announced Tuesday that it had reached a deal with two railroad unions regarding paid sick leave. The…
Continue ReadingChinese savers stashed away $2.6 trillion last year but property crash will cool ‘revenge spending’
By Laura He, CNN Even for a famously frugal nation, Chinese people saved a lot last year. Stuck at home due to Covid restrictions, they socked away a…
Continue ReadingIRS suggests waiting to file your taxes if you got a special payment from your state in 2022
By Jeanne Sahadi, CNN Business Millions of Californians in 2022 got a special check from their state government to offer relief from a variety of…
Continue ReadingWant your tax refund faster? Here’s what to do
By Jeanne Sahadi, CNN However you feel about doing your taxes, chances are that, if you expect to get a refund, you’ll want it fast. The IRS…
Continue ReadingAmericans are becoming ‘reluctant’ to make larger purchases, new Fed report shows
By Alicia Wallace, CNN As retail sales took a bit of a breather in December, so did the credit cards. US consumers’ outstanding credit grew by…
Continue ReadingAre we on the brink of a corporate credit crisis?
CNN, CNN BUSINESS By Nicole Goodkind, CNN Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to…
Continue ReadingFed Chair Powell: Inflation fight will take ‘a significant period of time’
By Alicia Wallace, CNN The US labor market remains “extraordinarily strong” and Friday’s monster jobs report underscored that the…
Continue ReadingInflation was still hot in January, but some prices are cooling off
CNN By Alicia Wallace, CNN Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday.…
Continue ReadingAfter the Super Bowl, State Farm stadium will have tons of leftovers. Here’s how that food will get to people in need fast
By Parija Kavilanz, CNN On Super Bowl Sunday, an army of volunteers will be ready outside and inside State Farm Stadium in Glendale, Arizona to…
Continue ReadingThis Fed official grocery shops for his family and knows just how high prices are
By Paul R. La Monica, CNN Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, understands that consumers are still struggling to…
Continue Reading‘Britcoin’ could arrive in the second half of the decade
By Julia Horowitz, CNN The United Kingdom is pushing ahead with plans to create a digital pound issued by the Bank of England that would offer a…
Continue Reading‘Britcoin’ could arrive in the second half of the decade
CNN By Julia Horowitz, CNN The United Kingdom is pushing ahead with plans to create a digital pound issued by the Bank of England that would offer a…
Continue ReadingBoeing is cutting 2,000 HR and finance jobs, outsourcing some to India
By Chris Isidore, CNN Boeing plans to cut about 2,000 white-collar jobs in finance and human resources, and it will be shifting some of that work to…
Continue ReadingBed Bath & Beyond closes stores and raises $1 billion to stave off bankruptcy
By Jordan Valinsky, CNN Bed Bath & Beyond is closing 150 more stores — just a week after the struggling retailer announced the closure of 87…
Continue ReadingAmazon to donate supplies to Turkey’s earthquake victims
By Anna Cooban, CNN Amazon has announced that it will help victims of the Turkey earthquake by donating food, medicine and equipment from its…
Continue ReadingState of the Union, recession, crypto woes and more tech layoffs: What investors are watching
By Nicole Goodkind, CNN Here’s what investors are paying attention to this Tuesday morning: â–¸ President Joe Biden is set to deliver his…
Continue ReadingBP posts record profit and boosts investment in oil and gas
By Michelle Toh and Anna Cooban, CNN BP’s annual profit more than doubled last year to an all-time high of nearly $28 billion, extending a…
Continue ReadingAustralia’s central bank signals more tightening ahead after hiking rates to decade high
By Reuters Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further…
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