GOP-led states sue Biden administration to block ESG investment rule
By Matt Egan, CNN A coalition of Republican-led states is suing the US Labor Department to block an imminent rule change that will allow 401(k)…
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Goldman Sachs CEO got 30% pay cut — but still made $25 million
By Paul R. La Monica, CNN Goldman Sachs had a rough year in 2022. And CEO David Solomon was punished for that. Sort of. The investment banking giant…
Continue ReadingSome auto insurers are refusing to cover certain Hyundai and Kia models
By Peter Valdes-Dapena, CNN Business Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in…
Continue Reading‘GMA3’ anchors Amy Robach and T.J. Holmes depart ABC after reported romantic relationship
By Oliver Darcy, CNN T.J. Holmes and Amy Robach, the anchors of the third hour of ABC’s flagship morning show “Good Morning…
Continue ReadingMercedes leapfrogs past Tesla on automated highway driving
By Peter Valdes-Dapena, CNN Business Mercedes-Benz will take a step towards offering a self driving car in the United States, or at least in some…
Continue ReadingCVS and Walmart cut pharmacy hours, close some locations earlier, citing staffing shortage
By Jordan Valinsky, CNN Business An apparent shortage of pharmacists is forcing CVS and Walmart to reduce the hours of its pharmacies, as they close…
Continue ReadingConsumers say they’re feeling better about the economy. But they’re still planning for a recession
By Alicia Wallace, CNN For the second month in a row, consumers said they are feeling better about the economy. The University of Michigan’s…
Continue ReadingChina’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…
Continue ReadingPrices 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,…
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