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…
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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…
Continue Reading Former Treasury Secretary Larry Summers urges Fed to keep hiking rates
By Nicole Goodkind, CNN Business Former US Treasury Secretary Larry Summers said on Tuesday that the growing chorus of economists and politicians…
Continue Reading A recession in the US is not a slam dunk, Goldman Sachs says
CNN By Matt Egan, CNN Business While investors, business leaders and some economic models continue to warn a recession is imminent, Wall…
Continue Reading United pilots reject contract as airline negotiations ramp up
by Greg Wallace, CNN A shortage of airline pilots is leading pilots at America’s largest carriers to push for better pay and benefits. The…
Continue Reading Musk emerging as Twitter’s chief moderator ahead of midterms
By MATT O’BRIEN and HALELUYA HADERO AP Business Writers NEW YORK (AP) — Days after taking over Twitter and a week before the U.S. midterm…
Continue Reading Airbnb posts $1.2 billion profit in 3Q as revenue jumps 29%
By DAVID KOENIG AP Business Writer Airbnb is reporting a $1.2 billion profit for the third quarter but giving a cautious outlook for the fourth…
Continue Reading As housing prices surge, rent control is back on the ballot
By JANIE HAR and MICHAEL CASEY Associated Press SAN FRANCISCO (AP) — Liberty McCoy was out Saturday urging voters to pass a Nov. 8 ballot measure…
Continue Reading How major US stock indexes fared Tuesday 11/1/2022
The Associated Press Stocks gave up early gains and ended lower on Wall Street after an unexpectedly strong report on the job market raised concerns…
Continue Reading Uber, Pfizer rise; Catalent, Stryker fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Uber Technologies Inc., up $3.18 to $29.75. The ride-hailing…
Continue Reading $6 million awarded in asbestos lawsuit against Ford, others
ST. LOUIS (AP) — A St. Louis jury has ruled that Ford Motor Co. and other companies must pay $6 million to a Missouri family over claims that a…
Continue Reading Self-driving cars were supposed to take over the road. What happened?
By Matt McFarland, CNN Business For over a decade, companies from Google to General Motors have poured billions of dollars into the pursuit of what…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for December delivery rose $1.84 to $88.37 a barrel Monday. Brent crude for January delivery rose $1.84…
Continue Reading MacKenzie Scott gifts $5.7M to Urban League of Louisiana
NEW ORLEANS (AP) — Billionaire philanthropist MacKenzie Scott has given the Urban League of Louisiana a $5.7 million gift, the largest donation in…
Continue Reading Elizabeth Warren to Jerome Powell: Just how many jobs do you plan to kill?
By Matt Egan, CNN Business As the Federal Reserve kicks off another pivotal rate-setting meeting, lawmakers are reminding the central bank exactly…
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