China’s reopening isn’t all good news. Inflation could get a second wind
By Anna Cooban, CNN China’s swift reopening after nearly three years of strict coronavirus controls could provide a much-needed boost to global…
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Prices rose at a slower pace last month, the Fed’s favored inflation gauge shows
By Alicia Wallace, CNN The Federal Reserve’s preferred inflation gauge showed prices rose at a slower pace last month, indicating further…
Continue ReadingPrices rose at a slower pace last month, the Fed’s favored inflation gauge shows
CNN, KCAL, KCBS By Alicia Wallace, CNN The Federal Reserve’s preferred inflation gauge showed prices rose at a slower pace last month,…
Continue ReadingChevron earnings soar to a record
By Chris Isidore, CNN Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. Adjusted earnings for the year more…
Continue ReadingWall Street is ignoring the Fed. That could be dangerous
By Nicole Goodkind, CNN As the Federal Reserve continues its inflation-fighting tightrope act, market moves suggest that investors may be feeling…
Continue ReadingGautam Adani’s business loses $50 billion in market value after short seller report
By Diksha Madhok, CNN The value of Gautam Adani’s business empire has crashed by more than $50 billion this week since Hindenburg Research, a…
Continue ReadingMcDonald’s is testing a new strawless lid
By Jordan Valinsky, CNN Just like the McRib, straws might be a thing of the past at McDonald’s. The chain has begun testing strawless lids in…
Continue ReadingLVMH cheers the ‘spectacular’ return of Chinese tourists
By Michelle Toh and Philip Wang, CNN LVMH posted record results Thursday, and expressed confidence that China’s luxury market would bounce back…
Continue ReadingBuzzFeed’s CEO says AI could usher in a ‘new model for digital media,’ but warns against a ‘dystopian’ path
By Oliver Darcy, CNN Over the holidays, while most media executives were perhaps looking to get a reprieve from work, Jonah Peretti was online, fully…
Continue ReadingSouthwest Airlines is testing a software fix it developed after the Christmas travel meltdown
By Gregory Wallace, CNN Southwest Airlines said it is testing software fixes that the company developed after its Christmas travel meltdown, as the…
Continue ReadingBed Bath & Beyond says it can no longer pay its debts
By Paul R. La Monica and Nathaniel Meyersohn, CNN The end could be near for struggling retailer Bed Bath & Beyond, as it warned in a regulatory…
Continue ReadingBuzzFeed says it will use AI to help create content, stock jumps 150%
By Oliver Darcy, CNN Business BuzzFeed said Thursday that it will work with ChatGPT creator OpenAI to use artificial intelligence to help create…
Continue ReadingBuzzFeed’s CEO says AI could usher in a ‘new model for digital media,’ but warns against a ‘dystopian’ path
CNN By Oliver Darcy, CNN Over the holidays, while most media executives were perhaps looking to get a reprieve from work, Jonah Peretti was online,…
Continue ReadingMega-publisher Dotdash Meredith cuts 7% of its workforce, citing weakened ad market
By Oliver Darcy, CNN Dotdash Meredith, the publisher that houses well-known brands such as People, Better Homes & Gardens, InStyle, Travel +…
Continue ReadingWe finally know whom FTX owes money to: Wall Street elite, Big Tech, airlines, and many more
By Allison Morrow, CNN Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto…
Continue ReadingMortgage rates tick down ahead of Fed meeting next week
By Anna Bahney, CNN Mortgage rates fell slightly this week, staying almost flat ahead of the Federal Reserve’s closely watched interest…
Continue ReadingUnited CEO: Air travel system is ‘stressed to the max’
CNN By Chris Isidore, CNN If airlines are to avoid repeats of recent service problems, they’ll need to have a lot more back-up in place,…
Continue ReadingDirecTV drops Newsmax
By Jordan Valinsky, CNN DirecTV has dropped Newsmax, a right-wing TV network, from its channel lineup over a carriage fee dispute. In a statement,…
Continue ReadingHow Wall Street reacts to the GDP data will be telling
By Nicole Goodkind, CNN Wall Street analysts are holding their breath and crossing their fingers this morning as they await gross domestic product…
Continue ReadingWhat to look for in Friday’s jobs report
CNN, CNN BUSINESS By Alicia Wallace, CNN A week that has been chock-full of economic data will be capped off Friday morning with the first US jobs…
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