Maersk 3Q profit surges but shipper warns of ‘dark clouds’
COPENHAGEN, Denmark (AP) — The world’s biggest container shipping company Maersk has reported a substantially improved third quarter profit and…
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From Apple to Disney, China’s Covid curbs are again hurting business
By Diksha Madhok and CNN’s Beijing bureau It has been almost three years since Covid-19 first hit China, but the country’s relentless…
Continue Reading Workers vote against first unionizing effort at Home Depot
CNN, CNN BUSINESS By Chris Isidore, CNN Business Workers at a Home Depot in Philadelphia overwhelmingly voted against becoming the first store in the…
Continue Reading These baristas are leading a nationwide campaign to unionize Starbucks. It came at a cost
By Chris Isidore, CNN Business They came from very different backgrounds and different parts of the country, each with different reasons for seeking…
Continue Reading Wall Street’s recent love affair with the Fed could turn on a dime
By Nicole Goodkind, CNN Business Fed decision day is here — and so is some potential bad news for the market. That’s because investors have…
Continue Reading Why booking travel on your phone is a bad idea
By SAM KEMMIS of NerdWallet Online shopping, including travel shopping, has shifted from desktop to mostly mobile devices. Yet, research on shopping…
Continue Reading UK leader reverses decision not to attend UN climate talks
LONDON (AP) — U.K. Prime Minister Rishi Sunak has reversed an earlier decision not to attend the U.N. climate summit in Egypt. Sunak’s office…
Continue Reading CVS Health tops forecasts, reserves billions for settlement
By TOM MURPHY AP Health Writer CVS Health booked a third-quarter loss of more than $3 billion after setting aside money for a potential opioid…
Continue Reading CVS, Walgreens announce opioid settlements totaling $10B
By GEOFF MULVIHILL Associated Press The two largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to…
Continue Reading Edmunds compares: Volkswagen Arteon vs Kia Stinger
By MICHAEL CANTU Edmunds The number of sedans on the market has been dwindling for years. Fortunately, there are two compelling choices left that…
Continue Reading Russia rejoins deal on wartime Ukrainian grain exports
By ANDREW MELDRUM and SUZAN FRASER Associated Press KYIV, Ukraine (AP) — Russia agreed Wednesday to rejoin a wartime agreement that allows…
Continue Reading Biden’s stock market record so far is the second worst since Jimmy Carter
CNN, CNN BUSINESS By Matt Egan, CNN Business The stock market started the Biden era with a boom. But it heads into the midterm election looking more…
Continue Reading What will the Fed do next? Follow the economy, not what Jerome Powell says
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business The stock market has been on a roller coaster ride, largely because of Wall Street’s…
Continue Reading The Fed makes history with a fourth straight three-quarter-point rate hike
By Nicole Goodkind, CNN Business The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as…
Continue Reading Leaders conclude 31st Arab League summit in Algeria
By FAY ABUELGASIM and BARBARA SURK Associated Press ALGIERS, Algeria (AP) — Leaders have concluded a two-day summit of the Arab League in Algeria.…
Continue Reading This is what Starbucks’ 25th anniversary holiday cups look like
By Jordan Valinsky, CNN Business This year marks the 25th anniversary of Starbucks’ holiday cups, an annual tradition that unofficially rings…
Continue Reading China’s Xi affirms commitment to Pakistan economic ties
BEIJING (AP) — Chinese President Xi Jinping has affirmed his country’s commitment to invest in Pakistan despite a slowdown in recent years.…
Continue Reading Danish leader quits in bid to form new Cabinet despite win
By JAN M. OLSEN Associated Press COPENHAGEN, Denmark (AP) — Despite finishing first in Denmark’s election, Prime Minister Mette Frederiksen has…
Continue Reading Poland lays razor wire on border with Russia’s Kaliningrad
By VANESSA GERA Associated Press WARSAW, Poland (AP) — Polish soldiers have begun laying razor wire along Poland’s border with the Russian…
Continue Reading Death toll from migrant boat sinking in Greece rises to 20
By ELENA BECATOROS Associated Press ATHENS, Greece (AP) — Rescue crews searching for dozens of migrants missing from the sinking of a sailing boat…
Continue Reading Hong Kong braces for Tropical Storm Nalgae
By KANIS LEUNG Associated Press HONG KONG (AP) — Schools and offices closed and some events in Hong Kong were canceled as Tropical Storm Nalgae…
Continue Reading China closes zone around iPhone factory after virus cases
By JOE McDONALD Associated Press BEIJING (AP) — Access to an industrial zone in the central Chinese city of Zhengzhou was suspended Wednesday after…
Continue Reading Climate change and rising seas threaten Egypt’s breadbasket
By SAMY MAGDY Associated Press ROSETTA, Egypt (AP) — Sayed Abuel-Ezz has seen his crops wither from seawater before. As the Nile Delta farmer walks…
Continue Reading Asia stocks fall after Fed says more US rate hikes likely
By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets tumbled Thursday after the Federal Reserve added to recession fears by saying…
Continue Reading ‘The worst is behind us’: Hong Kong hosts top global bankers for finance summit
By Michelle Toh, CNN Business Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on…
Continue Reading In Hong Kong, world bankers urged not to ‘bet against’ China
By ZEN SOO Associated Press HONG KONG (AP) — Chinese regulators have downplayed risks from the country’s real estate slump and slowing growth…
Continue Reading Powell: Rate hikes may slow, but inflation fight hardly over
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a…
Continue Reading Spotify is going to war with Apple after the App Store rejected its big new feature
By Oliver Darcy, CNN Business Spotify is looking to give Apple a good bruising in the press. The music streamer is taking its grievances with the…
Continue Reading Former employee admits defrauding Apple of $17 million
SAN JOSE, Calif. (AP) — Federal prosecutors say a former Apple employee pleaded guilty Tuesday to defrauding the tech giant out of more than $17…
Continue Reading Ex-Wilmington Trust president reaches settlement with SEC
By RANDALL CHASE Associated Press DOVER, Del. (AP) — The former president of the only financial institution to be criminally charged in connection…
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