Biden’s oil windfall tax would backfire, warns Larry Summers
By Matt Egan, CNN Business Economist Larry Summers is pushing back after President Joe Biden floated the possibility of punishing the oil industry…
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Ships sail after Russia exits grain deal, but future in flux
By COURTNEY BONNELL Associated Press LONDON (AP) — Ships loaded with grain departed Ukraine on Tuesday despite Russia suspending its participation…
Continue Reading Amazon Music expands catalog to 100M songs for members
By JONATHAN LANDRUM Jr. AP Entertainment Writer LOS ANGELES (AP) — Amazon Music is gearing up for a massive content expansion: The streaming giant…
Continue Reading After Elon Musk’s antics on Twitter, advertisers may think twice for now
By Clare Duffy, CNN Business Hours before news broke on Thursday that he had completed his $44 billion acquisition of Twitter, Elon Musk wrote an…
Continue Reading Sicily court convicts 91 in massive fraud of EU pasture fund
ROME (AP) — A court in Sicily on Tuesday convicted 91 defendants of roles in a organized crime scheme that bilked the European Union of some 5…
Continue Reading After Elon Musk’s antics on Twitter, advertisers may think twice for now
CNN, CNN BUSINESS By Clare Duffy, CNN Business Hours before news broke on Thursday that he had completed his $44 billion acquisition of Twitter, Elon…
Continue Reading Uber revenue jumps 72% on strong demand for rides
By Catherine Thorbecke, CNN Business If a recession is looming, you wouldn’t know it from looking at Uber’s business. Uber on Tuesday…
Continue Reading Uber sees few signs of customer pullback despite inflation
By MICHELLE CHAPMAN AP Business Writer Shares of Uber are surging after the company said there is little evidence that Americans are pulling back on…
Continue Reading Why America’s job market hasn’t imploded
By Nicole Goodkind, CNN Business Despite a stock-market bounce in October that gave the Dow its biggest monthly gain in more than 45 years,…
Continue Reading Iran’s currency hits new low against the dollar amid unrest
DUBAI, United Arab Emirates (AP) — Iran’s currency has dropped to its lowest value against the dollar, as nationwide unrest and a stalemate in…
Continue Reading Indonesia revokes drug companies’ licenses after 159 deaths
By EDNA TARIGAN Associated Press JAKARTA, Indonesia (AP) — Indonesian authorities have revoked the licenses of two pharmaceutical companies to…
Continue Reading Political spat over climate risks in investments gets hotter
By STEVE KARNOWSKI and STANLEY CHOE Associated Press ST. PAUL, Minn. (AP) — The political fight is only getting fiercer over whether it’s…
Continue Reading Pfizer rides Paxlovid sales to better-than-expected quarter
By TOM MURPHY AP Health Writer Pfizer’s COVID-19 treatment helped the pharmaceutical giant balance tumbling international sales for its coronavirus…
Continue Reading China fishing fleet defied U.S. in standoff on the high seas
By JOSHUA GOODMAN Associated Press This summer, as China fired missiles into the sea off Taiwan to protest House Speaker Nancy Pelosi’s visit to…
Continue Reading SpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational rocket in the world…
Continue Reading SpaceX’s Falcon Heavy rocket, world’s most powerful rocket, launches after three-year hiatus
CNN, CNN BUSINESS By Jackie Wattles, CNN SpaceX’s Falcon Heavy — a towering, three-pronged vehicle that is the most powerful operational…
Continue Reading Workers flee China’s biggest iPhone factory over Covid outbreak
By Diksha Madhok, Michelle Toh and CNN’s Beijing bureau Foxconn, one of Apple’s largest suppliers, is wrestling with major disruption at…
Continue Reading Workers flee China’s biggest iPhone factory over Covid outbreak
CNN By Diksha Madhok, Michelle Toh and CNN’s Beijing bureau Foxconn, one of Apple’s largest suppliers, is wrestling with major disruption…
Continue Reading J&J to buy cardio technology company Abiomed for $16.6B
By TOM MURPHY AP Health Writer Johnson & Johnson is spending about $16.6 billion to buy cardiovascular technology company Abiomed and build up…
Continue Reading Millennial Money: Maximize your benefits to offset inflation
By ELIZABETH AYOOLA of NerdWallet Once people land a job with a competitive benefits package, it’s easy for some to forget to make the most of it.…
Continue Reading Strong RSV vaccine data lifts hopes after years of futility
By LAURAN NEERGAARD AP Medical Writer New research shows vaccinating pregnant women helped protect their newborns from the common but scary…
Continue Reading US debt: Federal interest payments could soon exceed military spending
By Matt Egan, CNN Business The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt.…
Continue Reading BP announces $2.5 billion share buyback after profit soars
By Hanna Ziady, CNN Business BP’s profit more than doubled in the third quarter of the year, extending a bumper run of earnings for the…
Continue Reading BP profits soar in 3Q as pressure increases for windfall tax
By DANICA KIRKA Associated Press LONDON (AP) — BP’s earnings have more than doubled in the third quarter as the London-based energy giant…
Continue Reading Cyclone, absences threaten to dull Hong Kong finance meeting
By ZEN SOO Associated Press HONG KONG (AP) — A tropical storm and absences of VIP guests are casting a shadow over a financial conference meant to…
Continue Reading Japan entertainment maker Sony ups forecasts as profits grow
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Sony has reported its quarterly profit through September rose 24% on healthy demand for its music…
Continue Reading Oleg Tinkov renounces Russian citizenship over war in Ukraine
By Mark Thompson, Mayumi Maruyama and Alex Stambaugh, CNN Oleg Tinkov, the founder of a major Russian digital bank, has renounced his Russian…
Continue Reading Toyota reports quarterly profit decline amid chips crunch
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Toyota Motor Corp. says its profit fell 31% in the last quarter as a shortage of computer chips…
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Most expensive climate disasters in recent decades
Stacker ranked the most expensive American climate disasters by the billions since 1980 by total cost of all damages, adjusted for inflation. Data…
Continue Reading Shanghai Disney guests kept in closed park for virus testing
By JOE McDONALD AP Business Writer BEIJING (AP) — Visitors to Shanghai Disneyland were temporarily blocked from leaving as part of virus testing…
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