The peak in global fossil fuel emissions is just around the corner
By Anna Cooban, CNN Business Global fossil fuel emissions are expected to peak in 2025 as countries commit huge sums of money toward low-carbon…
Continue ReadingBiz/Tech
Southwest posts record 3Q revenue as summer travel returns
By MICHELLE CHAPMAN and DAVID KOENIG Southwest posted record operating revenue in its third quarter as travelers returned in force over the summer.…
Continue Reading Big Tech can’t save your investments
By Nicole Goodkind, CNN Business Tech stocks are taking a beating this week as they prove less resilient to the economic downturn than investors had…
Continue Reading McDonald’s Q3 sales boosted by higher prices, promotions
By DEE-ANN DURBIN AP Business Writer Higher prices and general unease about the economy didn’t keep customers away from McDonald’s in the third…
Continue Reading Shell announces $4 billion share buyback as profits double
By Hanna Ziady, CNN Business Shell will buy back $4 billion worth of shares and increase its dividend by 15% after posting another gigantic quarterly…
Continue Reading Hard-drive maker Seagate Tech faces China sanctions warning
BEIJING (AP) — Seagate Technology says the U.S. Department of Commerce has warned it may charge the computer hard-drive maker with violating…
Continue Reading Inflation, gas prices looming over sports biz, concessions
By JAY COHEN AP Sports Writer CHICAGO (AP) — Persistently high inflation and gas prices are looming over sports and the monetary pipeline that…
Continue Reading Asian shares mostly lower as Japan preps massive stimulus
By ELAINE KURTENBACH AP Business Writer Shares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses…
Continue Reading China’s Huawei says revenue down 2.2% so far this year
BEIJING (AP) — Figures reported by Chinese tech giant Huawei indicate its revenue rose in the latest quarter as infrastructure sales helped to…
Continue Reading Biden zeroes in on economic message as campaign winds down
By SEUNG MIN KIM Associated Press SYRACUSE, N.Y. (AP) — President Joe Biden is focusing on economic issues as he fine-tunes his closing argument in…
Continue Reading Rural areas to get $759M in grants for high-speed internet
By JOSH BOAK Associated Press RALEIGH, N.C. (AP) — The Agriculture Department has announced $759 million in grants and loans to enable rural…
Continue Reading Report: Global crises can speed up move to clean energy
By SIBI ARASU Associated Press BENGALURU, India (AP) — Spiraling energy costs caused by various economic factors and the Ukraine war could be a…
Continue Reading Shell 3Q earnings double, stir debate on energy profit tax
By DANICA KIRKA Associated Press LONDON (AP) — Shell’s earnings have more than doubled in the third quarter. That has fueled the debate over…
Continue Reading
1 year later: How COP27 countries are pacing on the global methane pledge
The global concentration of methane is continuing to set new annual records—can international efforts to curb this greenhouse gas keep up? Stacker…
Continue Reading
Why the US falls behind in passenger train travel
Stacker looked at why the U.S. is behind other countries in passenger rail service and what new infrastructure funding could…
Continue Reading Credit Suisse announces ‘radical’ restructuring with Saudi backing
By Julia Horowitz, CNN Business Credit Suisse will raise $4 billion to step back from Wall Street and double down on managing the finances of the…
Continue Reading Europe sees fastest pace of rate hikes since euro launched
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has made another outsized interest rate hike aimed at…
Continue Reading Battle of the Alps? Water woes loom amid climate change
By JAMEY KEATEN Associated Press BRIG, Switzerland (AP) — A battle is brewing around Europe’s rooftop over the planet’s most precious…
Continue Reading Europe’s energy crisis raises firewood prices, theft fears
By VANESSA GERA, DAVID McHUGH and AUREL OBREJA Associated Press CHISINAU, Moldova (AP) — Tudor Popescu swings his ax down on a log, then feeds the…
Continue Reading Credit Suisse unveils ‘radical’ strategy as 3Q loss hits $4B
By JAMEY KEATEN Associated Press GENEVA (AP) — Swiss bank Credit Suisse has unveiled a “radical strategy” meant to overcome recent troubles…
Continue Reading Thai tycoon and transgender rights advocate buys Miss Universe for $20 million
By Jessie Yeung and Kocha Olarn, CNN A Thai media tycoon and transgender rights advocate has bought the Miss Universe Organization for $20 million,…
Continue Reading EXPLAINER: What’s up with the Bank of Japan’s unique track?
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Even as the Federal Reserve and the world’s other central banks raise interest rates to try to…
Continue Reading Samsung officially names third-generation heir Lee chairman
By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung Electronics has officially appointed third-generation heir Lee Jae-yong as…
Continue Reading US economy returned to growth last quarter, expanding 2.6%
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two…
Continue Reading Samsung names billionaire scion Jay Y. Lee as chairman
By Michelle Toh and Gawon Bae, CNN Business Samsung has appointed Jay Y. Lee, its longtime de facto leader, as executive chairman. The move was…
Continue Reading UN optimistic on Ukraine grain deal; Russia has reservations
By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — A senior U.N. official says he is “relatively optimistic” the deal for returning…
Continue Reading CNN employees brace for layoffs after network chief warns of ‘unsettling’ changes ahead
By Oliver Darcy, CNN Business “Unsettling.” That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on…
Continue Reading Ye kicked out of Skechers’ headquarters in California
MANHATTAN BEACH, Calif. (AP) — The rapper formerly known as Kanye West was escorted out of the California-based headquarters of athletic shoemaker…
Continue Reading Meta fined $24.7M for campaign finance disclosure violations
By GENE JOHNSON Associated Press SEATTLE (AP) — A Washington state judge on Wednesday fined Facebook parent company Meta nearly $25 million for…
Continue Reading Whispers of improvement may slow recession’s drumbeat
Alexandra Peers, CNN A roar of corporate earnings came out this week and last, and the information piling up from the backbone-of-American-buyers…
Continue Reading