Brainard warns US rates to stay high, notes global impact
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will…
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GM’s Cruise wants to add 5,000 more robotaxis to American streets. This city warns it could backfire
By Matt McFarland, CNN Business GM’s self-driving car subsidiary Cruise said earlier this year that it wants to add as many as 5,000 more…
Continue Reading Hurricane Ian could be Florida’s costliest storm ever
CNN By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which…
Continue Reading Hurricane Ian could be Florida’s costliest storm ever
By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could…
Continue Reading Azerbaijan to increase gas deliveries to Bulgaria, Europe
SOFIA, Bulgaria (AP) — Azerbaijan’s president says his country is a reliable partner and will stick to an agreement to double gas exports to the…
Continue Reading Spanx names a new CEO
By Parija Kavilanz, CNN Business Spanx, a brand founded by shapewear pioneer Sara Blakely, has named Kim Jones her successor as CEO. The…
Continue Reading EU agrees to tax windfall oil and gas profits amid ‘insane race’ to tame energy crisis
By Anna Cooban, CNN Business EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some…
Continue Reading Elon Musk’s texts show how his relationship with Twitter went sideways
By Clare Duffy, CNN Business Days before publicly announcing his investment in Twitter, Elon Musk texted with Jack Dorsey. The former Twitter CEO…
Continue Reading EXPLAINER: A deep dive into risks for undersea cables, pipes
By JOHN LEICESTER Associated Press PARIS (AP) — Deep under water, the pipes and cables that carry the modern world’s lifeblood — energy and…
Continue Reading Resilient US consumers spend slightly more in August
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Consumers spent a bit more in August than the previous month, a sign the economy is…
Continue Reading Fed’s preferred measure of inflation shows prices surged again last month
Martha C. White for CNN Business After hitting an alarming 40-year high in June, the Federal Reserve’s preferred benchmark for consumer…
Continue Reading Anyone can now use powerful AI tools to make images. What could possibly go wrong?
By Rachel Metz, CNN Business If you’ve ever wanted to use artificial intelligence to quickly design a hybrid between a duck and a corgi, now is…
Continue Reading Can Porsche cure an ailing IPO market?
By Nicole Goodkind, CNN Business Warnings of global recession are widespread, inflation is persistent and Russia is escalating the crisis in Europe.…
Continue Reading The UK economy still hasn’t recovered from the pandemic. Now it’s on the ropes again
By Mark Thompson, CNN Business There was good news and bad in Friday’s revised data about the UK economy. It grew — marginally — in the…
Continue Reading Florida’s home insurance market was a mess before Ian. It’s about to get worse
By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The…
Continue Reading Florida’s home insurance market was a mess before Ian. It’s about to get worse
CNN By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian.…
Continue Reading Unpaid internships face new scrutiny as barriers to careers
By NAOMI HARRIS and JOCELYN GECKER Open Campus and Associated Press The value of an internship is unmistakable. It teaches marketable skills, it…
Continue Reading China’s Geely buys 7.6% stake in Aston Martin Lagonda
BEIJING (AP) — Geely Holding Group, one of China’s biggest independent automakers, has bought a 7.6% stake in British luxury brand Aston Martin…
Continue Reading West rejects Putin’s claim it sabotaged Baltic gas pipelines
By JAN M. OLSEN Associated Press COPENHAGEN, Denmark (AP) — Russian President Vladimir Putin has accused the West of sabotaging the Russia-built…
Continue Reading King Charles III’s coin portrait unveiled by UK Royal Mint
By Amarachi Orie, CNN Business The portrait of King Charles III that will feature on British coins has been unveiled by the Royal Mint, the official…
Continue Reading TikTok politics: Candidates turn to it ‘for better or worse’
By DAVID KLEPPER Associated Press Wade Herring didn’t know the teenage voter who approached him at a restaurant over the weekend. But she knew…
Continue Reading Fewer trips for China’s Golden Week amid quarantine fears
BEIJING (AP) — Far fewer Chinese are expected to be traveling during the upcoming “Golden Week” National Day holiday, amid rigid anti-COVID-19…
Continue Reading UK’s budget watchdog promises initial analysis next week
By DANICA KIRKA Associated Press LONDON (AP) — Britain’s independent budget watchdog says it would deliver an initial analysis of the…
Continue Reading Inflation hits record 10% in 19 EU countries using euro
By DAVID McHUGH Associated Press FRANKFURT, Germany (AP) — Inflation in the European countries using the euro currency has broken into double…
Continue Reading Launch aborted on Firefly’s 2nd attempt with Alpha rocket
VANDENBERG SPACE FORCE BASE, Calif. (AP) — A year after its first Alpha rocket had to be destroyed during flight, a new aerospace company has…
Continue Reading Dining in the dark: Brussels eateries tackle energy crunch
By SYLVAIN PLAZY Associated Press BRUSSELS (AP) — While European Union nations are still mulling a cap on gas prices, some businesses are more in a…
Continue Reading ‘Big impact’: UK economic chaos, pound plunge hit businesses
By SYLVIA HUI and KELVIN CHAN Associated Press LONDON (AP) — Like many small business owners in Britain, Harry Niazi hoped for government help to…
Continue Reading Digital minister aims to wrest Japan out of analog doldrums
By YURI KAGEYAMA Associated Press TOKYO (AP) — The politician tapped to help Japan keep pace with the digital age has his work cut out for him. The…
Continue Reading Led by Hong Kong, Asian stocks on track to suffer worst month since Covid began
By Laura He, CNN Business Asian markets are careening toward their worst month since the Covid pandemic began, hit by a mighty US dollar and rising…
Continue Reading Japan to pay up to $320M for US company’s chip production
By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan said it is providing a major U.S. chipmaker a subsidy of up to $322 million to back its plan…
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