Good news on inflation: The Fed’s favorite gauge shows price increases are moderating
CNN, CNNBUSINESS By Alicia Wallace, CNN The trend is clear: Inflation is cooling off in America. The Federal Reserve’s preferred measurement of…
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The Washington Post will conduct layoffs, its publisher says at contentious town hall
By Oliver Darcy, CNN The Washington Post will conduct layoffs in the coming year as it reorients itself for the future and reinvests in other areas,…
Continue ReadingAn electric scooter company just pulled off Russia’s only IPO of the year
By Julia Horowitz, CNN An electric scooter service just became the only company to pull off an initial public offering in Russia this year. Whoosh,…
Continue ReadingAttention procrastinators: Drop-dead holiday shipping deadlines are coming soon
By Parija Kavilanz, CNN It happens every year — the mad dash to ship holiday gifts to get them to loved ones on time. And it bears repeating,…
Continue ReadingBernard Arnault just became the world’s richest person. So who is he?
By Hanna Ziady, CNN Bernard Arnault, the chairman of French luxury goods giant LVMH, has just become the first European to top Bloomberg’s list…
Continue ReadingInvestors are hoping for the economic tide to turn. The wait may soon be over
By Nicole Goodkind, CNN It’s been a harrowing year for markets and investors are tired. Months of sky-rocketing inflation and interest rates,…
Continue ReadingElizabeth Warren unveils bipartisan bill to crack down on crypto money laundering
By Matt Egan, CNN As federal prosecutors seek to imprison former crypto darling Sam Bankman-Fried, Sen. Elizabeth Warren is attempting to push…
Continue ReadingChina bets on private sector to boost Covid-hit economy
CNN By Laura He, CNN Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over…
Continue ReadingWhy people in China are panic buying canned yellow peaches as Covid surges
By Laura He and Jennie Chen, CNN An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even…
Continue ReadingThe Fed lifts rates by half a point, acknowledging that inflation is easing
By Nicole Goodkind, CNN The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an…
Continue ReadingBinance withdrawals jump to $3 billion in 24 hours, research firm says
CNN By Michelle Toh, CNN Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as a deluge…
Continue ReadingBinance withdrawals jump to $3 billion in 24 hours, research firm says
By Michelle Toh, CNN Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as a deluge of…
Continue Reading‘Harry & Meghan’ is Netflix’s most watched documentary debut in its first week
by Gayle Harrington, CNN Netflix’s documentary about Prince Harry and Meghan, Duchess of Sussex, debuted with a total of 81.55 million hours…
Continue Reading‘Harry & Meghan’ is Netflix’s most watched documentary debut in its first week
CNN by Gayle Harrington, CNN Netflix’s documentary about Prince Harry and Meghan, Duchess of Sussex, debuted with a total of 81.55 million…
Continue ReadingFTX founder indicted on eight criminal charges including fraud and conspiracy
By Matt Egan and Allison Morrow, CNN FTX founder Sam Bankman-Fried was indicted on eight criminal charges including wire fraud and conspiracy by…
Continue ReadingDanish bank pleads guilty to multi-billion dollar fraud scheme on U.S. Banks
By Hannah Rabinowitz, CNN Federal prosecutors announced a plea deal and $2 billion forfeiture Tuesday with Danske Bank, one of Denmark’s…
Continue ReadingInflation cooled more than expected in November
By Alicia Wallace, CNN Tuesday brought some encouraging news on the stubbornly high prices that have weighed down Americans: Inflation as measured by…
Continue ReadingOJ prices are rising: Florida orange production expected to fall to lowest level in over 80 years
By Danielle Wiener-Bronner, CNN The combination of extreme weather and a disease impacting citrus fruit is expected to drive down Florida’s…
Continue ReadingUnited places order for 200 Boeing planes, giving two troubled jets a vote of confidence
CNN By Chris Isidore, CNN United Airlines placed a massive order for at least 200 Boeing planes on Tuesday, split between two models dogged by recent…
Continue ReadingInflation may be easing, but grocery prices are still way up
By Danielle Wiener-Bronner, CNN Once again, food inflation is outpacing overall inflation. In the year through November, food got 10.6% more…
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