Did the economy end 2022 with a bang or a whimper?
By Paul R. La Monica, CNN Recession alarm bells are sounding. But are they premature? Yes, retail sales tumbled in December as inflation took its…
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Your tax refund may be smaller this year. Here’s why
By Jeanne Sahadi, CNN Official tax-filing season kicks off Monday, January 23, and it may hold some surprises for your wallet. So, whether you expect…
Continue ReadingThis ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared
CNN By Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed,…
Continue ReadingHere are some of the companies that have laid off employees this year — so far
By Ramishah Maruf, CNN Just this week, Alphabet, Google’s parent company, Microsoft and Vox Media announced layoffs that will affect more than…
Continue ReadingA burger chain switches to Coca-Cola. Pepsi fans are furious
By Ramishah Maruf, CNN Frozen custard and burger chain Culver’s is switching from Pepsi products to Coca-Cola — and Pepsi fans are not…
Continue ReadingRetailers are tripping over themselves for Millennial and Gen Z shoppers. But not this one
By Parija Kavilanz, CNN Most retailers are tripping over themselves to stay relevant by courting younger Millennial and Gen Z shoppers. Not…
Continue ReadingShopping carts keep disappearing from stores
By Nathaniel Meyersohn, CNN Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and…
Continue ReadingEgg shortage sends New Zealanders rushing to buy their own hens
By Michelle Toh, CNN Eggs have soared in cost around the world over the past year as avian flu decimated chicken flocks and fallout from…
Continue ReadingElon Musk takes the stand in class-action lawsuit over controversial tweet
By Matt McFarland and Chris Isidore, CNN Tesla CEO Elon Musk took the stand in a California court room Friday to testify in the lawsuit over his…
Continue ReadingSouthwest pilots, others to get bonus pay for working during meltdown
By Chris Isidore, CNN Southwest Airlines has agreed to pay its pilots an estimated $45 million in bonus “gratitude pay” for working…
Continue ReadingJudge in FTX bankruptcy case rejects motion to remove elite NYC lawyers
By Allison Morrow, CNN One of America’s elite white-collar law firms has emerged as a contentious figure in the complex FTX saga. A judge ruled…
Continue ReadingVox Media to lay off 7% of workforce
By Oliver Darcy, CNN Business Vox Media, the publisher of news websites such as Vox and The Verge, in addition to New York magazine, will lay off 7%…
Continue ReadingHome prices hit a record high last year
By Anna Bahney, CNN The real estate market took a downward turn in 2022, as rising interest rates rapidly slowed the frenzied sales activity seen the…
Continue ReadingHe became a meme at age 9. A decade later, this college football player has the last laugh: a deal with Popeyes
By Faith Karimi, CNN College freshman Dieunerst Collin’s road to internet meme fame started with a confused side-eye at a Popeyes in New…
Continue ReadingRegal Cinemas is closing 39 more movie theaters. See the list
By Jordan Valinsky, CNN Regal Cinemas is closing 39 more movie theaters across the United States. The decision comes four months after its parent…
Continue ReadingGlobal interest rate hikes are ‘yet to bite,’ says IMF head
By Anna Cooban, CNN The world economy is still in a sticky spot, according to the head of the International Monetary Fund, despite cautious optimism…
Continue ReadingWhat we learned at Davos: The economy is a mess, but there’s still hope
By Nicole Goodkind, CNN Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the…
Continue ReadingUnion ranks had a very good 2022. It’s not for the reason you think
By Chris Isidore, CNN Unions just had one of the best years in terms of growing membership so far this century. But the high-profile organizing wins…
Continue ReadingFrom the Emirates to Davos: South Korea’s big week in global business
By Michelle Toh, Yoonjung Seo and Jake Kwon, CNN South Korea’s leader is capping off a whirlwind week, after securing tens of billions of…
Continue ReadingThis Chinese billionaire has lost over 90% of his fortune
By Diksha Madhok and Laura He, CNN The past few years have not been great for the super-rich in China, particularly those who built their fortune in…
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