Bosch to invest $1 billion in EV parts factory in China
By Diksha Madhok Bosch, the German engineering and technology company, is planning to invest $1 billion to make components for new energy vehicles in…
Continue ReadingCNN – Business/Consumer
Thailand welcomes back Chinese tourists with ‘arms wide open’ as key market returns
By Kocha Olarn and Michelle Toh, CNN For years, Thailand welcomed legions of Chinese tourists to its golden beaches, shopping districts and striking…
Continue ReadingChina’s exports plunge as global demand weakens, but trade with Russia hits record high
By Laura He, CNN China reported a record trade surplus for 2022, as its key export sector delivered robust growth for most of last year, providing…
Continue ReadingBoeing 737 Max 8 takes off in China for the first time since 2019
By Pierre Meilhan, CNN A Boeing 737 Max 8 took off in China on Friday, for the first time since the government grounded all 737 Max 8 planes in 2019,…
Continue ReadingStarbucks tells corporate employees to return to office 3 days a week
By Juliana Liu, CNN Corporate workers at Starbucks must return to the office at least three days a week by the end of January, interim CEO Howard…
Continue ReadingNYC mayor cites slower economic growth spurred by high office vacancy, cost of migrant crisis and health care, in budget address
By Mark Morales, CNN New York City Mayor Eric Adams unveiled the state of the city’s economic outlook as part of a $102.7 billion budget…
Continue ReadingUS deficit widens by $85 billion in December
By Alicia Wallace, CNN The US government recorded a deficit of $85 billion in December, bringing the total deficit to nearly $1.42 trillion for the…
Continue ReadingUS deficit widens by $85 billion in December
CNN By Alicia Wallace, CNN The US government recorded a deficit of $85 billion in December, bringing the total deficit to nearly $1.42 trillion for…
Continue ReadingEgg prices exploded 60% higher last year. These food prices surged too
By Alicia Wallace, CNN Eggs, milk, butter, flour … if you were making pancakes last year, it would have cost you. Food prices surged in 2022.…
Continue ReadingHBO Max raises prices for the first time
By Jordan Valinsky, CNN Business HBO Max, which debuted in May 2020, is getting its first-ever price hike. Effective immediately, the ad-free HBO Max…
Continue ReadingExxon accurately predicted global warming from 1970s — but continued to cast doubt on climate science, new report finds
By Laura Paddison, CNN ExxonMobil’s own scientists accurately predicted future global warming in reports dating back to the late 1970s and…
Continue ReadingTax filing season starts January 23, IRS says
By Jeanne Sahadi, CNN The IRS will start accepting 2022 federal income tax returns on January 23, the tax agency announced on Thursday. Of course,…
Continue ReadingMortgage rates inched down last week, after a slight increase the week before
By Anna Bahney, CNN Mortgage rates inched down last week, after a slight increase the week before. The 30-year fixed-rate mortgage averaged 6.33% in…
Continue ReadingPrices fell in December as inflation continues to moderate
By Alicia Wallace, CNN For the first time in nearly three years, inflation fell on a monthly basis. Consumer prices decreased by 0.1% in December,…
Continue ReadingNew York nurses strike ends after tentative deal reached with hospitals
By Chris Boyette and Artemis Moshtaghian, CNN A nurses strike at two private New York City hospital systems has come to an end after 7,000 nurses…
Continue ReadingMattel launches new Barbie doll for preschoolers
By Parija Kavilanz, CNN Business Mattel is giving preschoolers a new age-appropriate Barbie doll that it says is better suited for their needs. The…
Continue ReadingWhy Walmart is eliminating single-use bags in some states but not others
By Nathaniel Meyersohn, CNN Walmart will eliminate single-use paper and plastic carryout bags at the register from stores in New York, Connecticut…
Continue ReadingSam Bankman-Fried speaks out for the first time since his arrest
By Allison Morrow, CNN Sam Bankman-Fried, the former crypto star turned alleged white-collar criminal, has spoken out for the first time since his…
Continue ReadingAuto sales are falling — but profits are surging. Welcome to the new normal
By Nicole Goodkind, CNN The US auto industry just posted its worst sales in more than a decade — but that’s not necessarily a bad sign for…
Continue ReadingWall Street Journal: Subway is exploring a sale
By Jordan Valinsky, CNN Business Subway, one of the world’s most recognizable fast food brands, might be up for a sale, according to the Wall…
Continue Reading