CNN – Business/Consumer

CNN, CNNBUSINESS By Kate Trafecante Harvard University’s endowment lost $2.3 billion in fiscal 2022, blaming the loss on both the global market downturn as well as the university’s commitment to climate goals. This is the fund’s first negative return since 2016, according to the University’s Annual Financial Report, published on Thursday. The endowment — comprised

CNN, NASA By Jackie Wattles, CNN Four astronauts boarded a SpaceX Crew Dragon capsule and returned home from the International Space Station on Friday, bringing an end to their nearly six-month stay aboard the orbiting laboratory. The astronauts — NASA’s Kjell Lindgren, Bob Hines and Jessica Watkins as well as Italian astronaut Samantha Cristoforetti with the European Space Agency

CNN By Anna Bahney, CNN Business Home sales in the US declined for the eighth month in a row in September as surging mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were down 23.8% in September from a

CNN By Julia Horowitz, Luke McGee and Mark Thompson, CNN Business UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big part of her discredited economic strategy in a desperate bid to rescue her month-old premiership. At a Downing Street news conference, Truss said she was scrapping plans to reverse

CNN, MIKEBONIN.COM, GETTY IMAGES, LA TIMES, KABC, TWITTER, KCAL, KCBS By Oliver Darcy, CNN Business Last Thursday, at precisely 5:29pm Pacific Time, a mysterious Twitter account with the handle @LAunionLaundry posted secretly taped audio of now-former Los Angeles County Federation of Labor chief Ron Herrera. The account tagged two reporters at the Los Angeles Times,

CNN By Oliver Darcy, CNN Business Far-right talk show host Alex Jones should pay eight families of Sandy Hook Elementary School shooting victims and one first responder $965 million in compensatory damages, a Connecticut jury decided Wednesday, capping a wrenching weeks-long trial that put on display the serious harm inflicted by the conspiracy theorist’s lies.

CNN By Chris Isidore, CNN Business Alex Jones owes $965 million to eight family members of Sandy Hook shooting victims and a first responder. But it is far from clear how much of that money they’ll ever see. Jones was hit with that staggering jury award Wednesday for compensatory damages caused by his repeated lies

CNN, CNNI By Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With

CNN By Nicole Goodkind, CNN Business A closely watched measure of inflation in the United States is expected to tick higher in September even as the Federal Reserve moves to fight rising prices at its most aggressive pace in decades. Wall Street is worried that yet another high reading on the Consumer Price Index will

CNN By Oliver Darcy, CNN Business It is not unusual for Meta to aggressively push back on articles. And it’s not unusual for publications to stand by the stories Meta pushes back on. But the situation that has unfolded over the past 24 hours between Meta and The Wire, a major Indian nonprofit news website,

CNN, KYW, GETTY IMAGES, AMAZON, TARGET By Nathaniel Meyersohn, CNN Business It’s only October, but holiday shopping promotions are here with retailers bringing out the Christmas trees, turning on the holiday music and dangling sales from now until January. This month alone, there’s Target’s “Deal Days,” Walmart’s “Rollbacks and More,” Best Buy’s “Flash Sale” and

CNN By Zoe Sottile, CNN The bright orange, sticky residue that Cheetos leave on your fingertips has now been immortalized — by a 17-foot statue in Alberta, Canada. The Cheetos brand erected the statue of a hand holding a massive Cheeto, complete with orange fingertips, in Cheadle, Alberta. The community was chosen because of its

CNN By Kelly McCleary, CNN “Saturday Night Live” opened its show this week by testing the temperament of contestants being read news headlines on a game show called “So You Think You Won’t Snap!” “Have you noticed that everyone around you is angry and crazy? People are flipping out at Target, stabbing is back and

CNN By Chris Isidore and Christine Romans, CNN US factories are humming, and manufacturers are scrambling to find workers as the pace of hiring hits levels not seen in decades. Friday’s September jobs report showed US manufacturers added another 22,000 workers in September, increasing employment in the sector by nearly 500,000 over the course of

CNN By Alicia Wallace, CNN Business The fever hasn’t broken yet for America’s employment market, but the temperature is coming down. The economy added 263,000 jobs in September, the Bureau of Labor Statistics reported Friday, slightly more than economists had estimated. While still robust, the headline number marks the second consecutive month of falling totals. That, coupled with job openings

CNN, TWITTER, CHESHM_ABI, TELEGRAM, NAZAR TELEGRAM CHANNEL, AFP, IRANWIRE, @SEPEHRAZADI, @AFSHONE By Oliver Darcy, CNN Business Nationwide protests have gripped Iran for weeks following the death of 22-year-old Mahsa Amini after she was taken into custody by the government’s morality police for apparently not wearing her hijab properly. Her death has sparked violent clashes between

CNN By Julia Horowitz, CNN Business Credit Suisse said it will buy back up to $3 billion in its own bonds to save money on debt servicing costs while taking advantage of low prices. The announcement on Friday comes after investors displayed concerns about the financial position of the troubled Swiss bank before it announces

CNN By Peter Valdes-Dapena, CNN Business Changing America’s fleet of trucks and buses to run on electricity while, at the same time, changing the nation’s power grid to renewable fuels could prevent 67,000 premature deaths by 2050, according to a report from the American Lung Association. Trucks make up only 6% of vehicles on America’s

CNN by Matt Egan, CNN Republican Sen. Chuck Grassley on Thursday called for punishing OPEC for its production cut by passing legislation that would hold foreign oil producers accountable for colluding to fix prices. Grassley, a longtime backer of so-called NOPEC legislation, announced in a statement obtained first by CNN that he plans to file