UBS to cut another $3 billion in costs as it absorbs Credit Suisse
By Hanna Ziady, CNN London (CNN) — UBS has deepened a cost cutting drive launched after its emergency acquisition of rival Credit Suisse, as it…
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Japanese trading giant Itochu to cut ties with Israeli defense firm over Gaza war
By Juliana Liu and Chie Kobayashi, CNN Hong Kong/Tokyo (CNN) — One of Japan’s biggest trading firms, Itochu, has decided to end its…
Continue ReadingChina gives suspended death sentence to former top banker
By Laura He, CNN Hong Kong (CNN) — A Chinese court has handed a suspended death sentence to Tian Huiyu, an ex-president of China Merchants Bank…
Continue ReadingStill love your landline? Phone service providers are getting closer to phasing it out
By Samantha Murphy Kelly, CNN (CNN) — More people who are still using telephone landlines will soon need to decide if they want to finally hang…
Continue ReadingTesla stock drops as investors scrutinize board’s close personal ties to Elon Musk
By Allison Morrow, CNN New York (CNN) — Tesla shares fell nearly 4% Monday after a Wall Street Journal report shed light on Elon Musk’s…
Continue ReadingDOJ antitrust case targeting Google’s ad-tech business will go to trial in September, federal judge rules
By Brian Fung, CNN Washington (CNN) — A blockbuster lawsuit by the US government against Google’s ad business will go to trial in September,…
Continue ReadingThe vast majority of California flood victims’ losses won’t be covered by insurance
By Chris Isidore, CNN New York (CNN) — Many victims of the massive storms now battering Southern California are about to be hit with another…
Continue ReadingUS sends top Treasury officials to China to discuss economy
By Matt Egan, CNN New York (CNN) — A team of five US Treasury Department officials is traveling to Beijing this week for a series of meetings…
Continue ReadingStocks sink after Fed Chair Powell pleads for patience on rate cuts
By Krystal Hur, CNN New York (CNN) — US stocks fell Monday after Federal Reserve Chair Jerome Powell said Sunday the central bank is not ready…
Continue ReadingSuper Bowl ticket prices have dropped, but they still cost a fortune
By Jordan Valinsky, CNN New York (CNN) — Ticket prices for this year’s Super Bowl have dropped since last week, but it still might require…
Continue ReadingManipulated Biden video can remain online, Meta’s Oversight Board rules
By Brian Fung, CNN Washington (CNN) — A video on Facebook manipulated to suggest that President Joe Biden behaves inappropriately toward women…
Continue ReadingCNN overhauls morning show lineup under new CEO amid sagging ratings
By Oliver Darcy, CNN New York (CNN) — CNN announced Monday that it will overhaul its entire slate of morning programming, charting a new course…
Continue ReadingSnap to lay off 10% of staff, cutting approximately 500 jobs
By Catherine Thorbecke, CNN (CNN) — Snap Inc, the parent company of Snapchat, said Monday that it is laying off 10% of its staff, becoming the…
Continue ReadingLoud budgeting is in, quiet luxury is out. Meet the TikToker who started the financial trend
CNN By Vanessa Yurkevich, CNN New York (CNN) — It started as a joke. At the end of 2023, when social media users were posting their “Ins…
Continue ReadingMcDonald’s says Middle East turmoil is hurting its business
By Jordan Valinsky, CNN New York (CNN) — McDonald’s said growing tensions in the Middle East have hurt its business. The burger chain,…
Continue ReadingHarvard candidates backed by Bill Ackman and Mark Zuckerberg fail to get on the ballot for board election
By Matt Egan, CNN New York (CNN) — Outsiders vying to reform Harvard University – and backed by billionaires Bill Ackman and Mark Zuckerberg…
Continue ReadingLoud budgeting is in, quiet luxury is out. Meet the TikToker who started the financial trend
By Vanessa Yurkevich, CNN New York (CNN) — It started as a joke. At the end of 2023, when social media users were posting their “Ins…
Continue ReadingBoeing is in the ‘last chance saloon,’ says Emirates head
By Hanna Ziady, CNN London (CNN) — Tim Clark, the president of Emirates, has joined a chorus of airline executives in warning that Boeing is…
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Boeing flags potential delays after supplier finds another problem with some 737 Max fuselages
By DAVID KOENIG AP Airlines Writer Boeing discovered another problem in some of its 737 Max fuselages that may delay deliveries of about 50 planes in…
Continue ReadingSamsung boss acquitted of financial crimes in surprise ruling
By Yoonjung Seo, CNN Seoul (CNN) — The billionaire boss of Samsung Electronics, one of the world’s biggest technology firms, will not serve…
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