Danske Bank books $1.9 bln provision to settle Estonia case
HELSINKI (AP) — Danish lender Danske Bank says it will book a 14 billion Danish kroner ($1.9 billion) provision in the third quarter for impending…
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Kanye West jokes about being dropped by companies
By Lisa Respers France, CNN If Kanye West is worried about the multiple businesses that have ended relationships with him following his antisemitic…
Continue Reading US unemployment claims inched higher, but remain very low
By MATT OTT AP Business Writer WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week as the labor market remains…
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The US economy bounced back last quarter after shrinking in the first half of the year
By Alicia Wallace, CNN Business The US economy grew last quarter, bouncing back after shrinking in the first half of the year — but there are…
Continue Reading Altria inks new deal on heated cigarettes as sales slide
By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Altria has announced a new partnership with Japan Tobacco to bring a heat-not-burn cigarette…
Continue Reading European Central Bank raises rates by three quarters of a point and promises more to come
By Hanna Ziady, CNN Business The European Central Bank hiked interest rates by three quarters of a percentage point on Thursday, promising further…
Continue Reading Drugmaker Merck tops 3Q forecasts as Keytruda sales jump 20%
The Associated Press Merck turned in a better-than-expected third quarter and raised its 2022 forecast as the drugmaker’s top seller brought in…
Continue Reading Miss USA program under investigation after contestants claim pageant was rigged
By Amanda Musa and Jennifer Henderson, CNN The Miss Universe Organization has suspended Miss USA President Crystle Stewart and her company, Miss…
Continue Reading Energy stocks get oil price support as recession looms
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Surging oil prices charged energy stocks through 2022 and could keep supporting the sector…
Continue Reading Peloton tells members it will no longer use Kanye West’s music in new classes
By Jordan Valinsky, CNN Business Peloton has “indefinitely paused” playing Kanye West’s music from its streaming workout classes.…
Continue Reading Apple earnings may offer a hint about the iPhone 14’s success
By Clare Duffy, CNN Business Apple is about to offer its first hints about iPhone 14 sales after weeks of rumors that demand for its latest…
Continue Reading First on CNN: Senate Democrat warns Fed it’s ‘foolish’ to keep lifting interest rates
By Matt Egan, CNN Business Colorado Sen. John Hickenlooper is pleading with the Federal Reserve to pause its relentless attack on crushing inflation…
Continue Reading Prince Harry’s long-awaited memoir, ‘Spare,’ set for January release
By Rob Picheta, Lauren Said-Moorhouse, Max Foster and Lauren Kent, CNN Prince Harry’s highly anticipated memoir will be entitled…
Continue Reading TotalEnergies income hits $6.6 billion despite Russia loss
By BARBARA SURK and OLEG CETINIC Associated Press PARIS (AP) — France’s TotalEnergies has reported third-quarter net income of $6.6 billion…
Continue Reading 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 Reading 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…
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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…
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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…
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