Do you have money tied up in FTX? Share your story
By Allison Morrow and Vanessa Yurkevich, CNN Before its collapse at the end of 2022, FTX was one of the biggest names in crypto. It boasted…
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Pending home sales increased last month for the first time since May
By Anna Bahney, CNN Pending home sales increased in December for the first time since May, a sign that lower mortgage rates are bringing some buyers…
Continue Reading Some 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 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)…
Continue Reading 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 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 Reading Mercedes 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 Reading CVS 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 Reading Consumers 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 Reading China’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 Reading Prices 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 Reading Prices 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 Reading Wall 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 Reading Chevron 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 Reading Gautam 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 Reading McDonald’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 Reading Why gas prices are surging this month
By Matt Egan, CNN Normally, prices at the gas pump drift lower during the dead of winter as lousy weather keeps Americans off the roads. But…
Continue Reading LVMH 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 Reading BuzzFeed’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 Reading Southwest 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…
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