submitted 2 Months ago in Business
After years of regulatory crackdowns and draconian Covid curbs, private entrepreneurs in China are low on enthusiasm. The Chinese government is resorting to surprising measures to restore their confidence, but the campaign has inspired more nervousness than optimism.
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Russian court fines Wikipedia owner for article related to Ukraine invasion | CNN Business
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A Moscow court has fined the Wikimedia Foundation for refusing to remove an article on Russian-language Wikipedia called "The Russian occupation of the Zaporizhzhia region," according to state media.
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When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds.
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Fox News is about to enter the true No Spin Zone | CNN Business
submitted 2 Months ago in Business
This is it.
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Retail spending fell in March as consumers pull back | CNN Business
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Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears.
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Last-minute tax-filing tips | CNN Business
submitted 2 Months ago in Business
So far this tax season, the IRS has received more than 90 million income tax returns for 2022. That means tens of millions of households have yet to file their returns.
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The banking crisis will tilt US into recession, say Fed economists | CNN Business
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The fallout from the recent banking crisis is likely to push the US economy into a mild recession later this year, according to notes from the Federal Reserve's March policy meeting, released on Wednesday.
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Inflation hits the mailbox: Postage stamp prices are rising, again | CNN Business
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Stamp prices are set to tick up.
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JPMorgan ends remote work for senior bankers | CNN Business
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America's largest bank is ending pandemic-era hybrid work for its senior staff.
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Manhattan median rents hit another high in March | CNN Business
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Even as rents are cooling in some parts of the country, it has never cost more to rent a Manhattan apartment as it did in March.
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Premarket stocks: Inflation just reached an inflection point | CNN Business
submitted 2 Months ago in Business
After more than a year of soaring prices monopolizing the attention of Wall Street, Main Street, economists, and journalists, the tide may be turning.
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Warner Bros. Discovery reengineers the traditional TV bundle for the streaming era | CNN Business
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Everything old is new again.
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Living standards are still falling in Japan. That's a recipe for more stagnation | CNN Business
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Japan's workers still aren't getting paid enough to keep up with rising prices. That's hurting living standards and creating a major headache for the country's new central bank chief as he marks his first week on the job.
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IMF: Banking crisis boosts risks and dims outlook for world economy | CNN Business
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At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had feared. Positive developments included China's reopening, signs of resilience in Europe and falling energy prices.
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Cineworld shareholders: Shares in Regal Cinemas' owner hit all-time low | CNN Business
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Cineworld's stock plummeted 36% Tuesday afternoon to an all-time low after the company said it had filed a plan to reorganize its business and shareholders would not recover any of their funds.
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Fed official: Central bank should be 'cautious' in wake of banking turmoil | CNN Business
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The banking crisis could help the Federal Reserve's fight to bring down inflation, but the central bank needs to be "cautious" in its actions moving forward, Chicago Fed President Austan Goolsbee said Tuesday.
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Premarket stocks: Main Street investors bet on comeback for regional banks | CNN Business
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Banking crisis be damned -- Main Street investors are barreling into embattled bank stocks. It turns out nothing tempts people to bet on an industry more than bargain prices, even if they're caused by the fear of imminent collapse.
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Yellen: 'Not anticipating a downturn' in the US economy | CNN Business
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US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions.
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Wall Street says bad news is no longer good news. Here's why. | CNN Business
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There's been a seismic shift in investor perspective: Bad news is no longer good news.
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Working from home: The latest on who is WFH and who isn't | CNN Business
submitted 2 Months ago in Business
As the economy slows, are employers starting to regain the upper hand in negotiations with employees and job seekers? Pay is always an issue, of course, but in the wake of the pandemic, so too is how much time employers want people to work on site versus how much...
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submitted 2 Months ago in Business
Starbucks is betting big on olive oil infused coffee, hoping customers will be enticed by the anomaly and the health benefits of extra virgin olive oil, but some customers are complaining the drinks are causing them to run to the bathroom.
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Tupperware stock plunges after warning it could go out of business | CNN Business
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Tupperware shares fell nearly 40% in early trading Monday following a bleak warning that its future is looking murky.
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Premarket stocks: What markets are watching after digesting the US jobs data | CNN Business
submitted 2 Months ago in Business
In an unusual coincidence, the US jobs report was released on a holiday Friday â meaning stock markets were closed when the closely-watched economic data came out.
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Samsung to cut chip production after posting lowest profit in 14 years | CNN Business
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Samsung Electronics said on Friday it would make a "meaningful" cut to chip production after flagging a worse-than-expected 96% plunge in quarterly operating profit, as a sharp downturn in the global semiconductor market worsens.
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submitted 2 Months ago in Business
Airbus announced plans Thursday for a second final-assembly line in China, the latest sign that it has a lock on the key aviation market over rival Boeing.
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Switzerland cuts bonus payouts for top Credit Suisse management | CNN Business
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Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday.
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submitted 2 Months ago in Business
Millions of jobs could be on the chopping block this year, as the Federal Reserve continues its rate-hiking campaign to tame inflation. But the effects of that action likely won't reverberate evenly across the economy.
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Here's why beef is still pricey | CNN Business
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A slowing economy may lead to a decline in sales of pricey beef cuts, but don't look for any bargains just yet.
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What to expect from the jobs report on Friday | CNN Business
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The US labor market has kept trucking right along even as other areas of the economy have slowed.
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Premarket stocks: The US economy is unwell. April could be a cruel month | CNN Business
submitted 2 Months ago in Business
After months of a remarkably strong US labor market and economy, everything seems to be slowing down.
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