How the Fed could do a smaller rate hike and still upset markets
By Nicole Goodkind, CNN The Federal Reserve is expected to respond to persistently high inflation by hiking interest rates half a point on Wednesday.…
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United places order for 200 Boeing planes, giving two troubled jets a vote of confidence
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 ReadingSouth Korea says crypto fugitive Do Kwon is hiding in Serbia
By Kathleen Magramo and Jake Kwon, CNN Do Kwon, a disgraced tycoon behind the collapse of the TerraUSD and Luna coins that roiled the crypto assets…
Continue ReadingWhat to expect from this week’s Fed meeting
By Nicole Goodkind, CNN The Federal Reserve is expected to raise interest rates by half a point at the conclusion of its two-day policy meeting on…
Continue ReadingFord F-150 Lightning named MotorTrend Truck of the Year, the second electric pickup in a row
By Peter Valdes-Dapena, CNN The Ford F-150 Lightning was named MotorTrend’s 2023 Truck of the Year on Tuesday, making it the second electric…
Continue ReadingHong Kong scraps some restrictions for travelers, ends contact tracing
By Kathleen Magramo, CNN Hong Kong on Tuesday announced it would scrap some remaining restrictions on travelers and end contact tracing, after…
Continue ReadingChina challenges US chip curbs at WTO, citing ‘trade protectionism’
By Laura He, CNN China has challenged a move by the United States to block sales of advanced computer chips and chip-making equipment to Chinese…
Continue ReadingSam Bankman-Fried, FTX’s founder, is arrested in the Bahamas
By Allison Morrow, CNN Sam Bankman-Fried, the founder of failed crypto exchange FTX, was arrested in the Bahamas on Monday after US prosecutors filed…
Continue ReadingSome Taylor Swift fans could have a second chance at snagging tour tickets, Ticketmaster says
By Ramishah Maruf, CNN Millions of angered Taylor Swift fans didn’t receive tickets to the artist’s latest tour after a widely…
Continue ReadingRailroad unions hopeful Biden will act to give workers paid sick time
By Chris Isidore and Vanessa Yurkevich, CNN Railroad workers could get the paid sick days that were at the heart of their threat to go on strike…
Continue ReadingTesla: Our ‘failure’ to make actual self-driving cars ‘is not fraud’
By Peter Valdes-Dapena, CNN Business Tesla CEO Elon Musk has said numerous times since 2015 that Tesla cars would be entirely self-driving in two…
Continue ReadingSubaru recalling 270,000 SUVs due to fire risk
By Peter Valdes-Dapena, CNN Business Subaru is recalling 271,694 SUVs because some of them could catch fire. The company is advising owners of some…
Continue ReadingABC News boss confirms ‘GMA3’ anchors are subject to internal probe after being pulled from air
By Oliver Darcy, CNN Business “GMA3” co-anchors T.J. Holmes and Amy Robach will “remain off-air pending the completion of an…
Continue ReadingUS lawmakers set to grill Sam Bankman-Fried on the collapse of FTX
By Allison Morrow, CNN With his vast crypto empire in ruins, Sam Bankman-Fried is preparing to be grilled by US lawmakers who are demanding answers…
Continue ReadingUS government budget deficit increased in November
By Alicia Wallace, CNN The US government recorded a monthly budget deficit of $249 billion in November, a 30% increase from a year earlier amid…
Continue ReadingTreasury Secretary Yellen predicts major inflation cooldown in 2023
By Matt Egan, CNN Treasury Secretary Janet Yellen is striking a cautiously optimistic tone about 2023, predicting a major inflation cooldown and…
Continue ReadingThe Wall Street Journal names Emma Tucker its next editor, marking first woman to head the newspaper
By Oliver Darcy, CNN Business The Wall Street Journal on Monday named Emma Tucker as its next editor-in-chief, marking the first time the Rupert…
Continue ReadingIt’s supposed to be the most wonderful time of the year. Not for investors
By Paul R. La Monica, CNN The holidays are meant to be the most wonderful time of the year. But for investors, this week just might be the most…
Continue ReadingAmericans expect inflation to ease, Fed survey shows
By Alicia Wallace, CNN Consumers are expecting inflation to improve in the coming months, according to new survey data from the Federal Reserve Bank…
Continue ReadingSqueezed by inflation, families are tightening their holiday budgets
By Gabe Cohen, CNN Anya Remy is Christmas shopping for her family on a stricter budget than ever before. Remy, a human resources professional in…
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