Peloton is cutting jobs, closing stores and hiking prices
By Jordan Valinsky, CNN Business Peloton is slashing jobs again, and this time it’s also hiking prices on some of its products. It’s part…
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Judge denies Trump Org and former CFO’s motion to dismiss tax fraud indictment
By Kara Scannell, CNN Business A New York state judge denied the Trump Organization and its former chief financial officer Allen Weisselberg’s…
Continue Reading The Rhine is shrinking, endangering Europe’s top economy
By Michelle Toh and Benjamin Brown, CNN Business Germany’s Rhine river is getting too dry, snarling supply chains and creating more problems…
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Beirut bank standoff exposes desperation of economic crisis
By BASSEM MROUE Associated Press BEIRUT (AP) — A judge has ordered a gunman who took up to 10 hostages at a Beirut bank to force the release of his…
Continue Reading Kia/Hyundai seat belt pretensioners under investigation
By The Associated Press The National Highway Traffic Safety Administration’s Office of Defects Investigation has opened an investigation into seat…
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Walgreens sign on bonus for pharmacists
CNN — If you’ve ever been vaccinated for COVID, there is a good chance that a pharmacist administered the injection. Pharmacists are in short supply…
Continue Reading Portugal: EU eyes Iberia-Italy pipeline to get gas to Europe
By BARRY HATTON Associated Press LISBON, Portugal (AP) — Portugal’s prime minister says European authorities are considering a liquefied natural…
Continue Reading Migrant search and rescue in third day off Greek islands
ATHENS, Greece (AP) — Greece’s coast guard says a search and rescue operation is continuing for a third day for migrants reported missing after…
Continue Reading Two years on, foundations stand by issuing bonds in pandemic
By THALIA BEATY Associated Press NEW YORK (AP) — The Ford Foundation took the unprecedented step of issuing $1 billion in debt to help stabilize…
Continue Reading J&J to end sales of baby powder with talc globally next year
Associated Press Johnson & Johnson is pulling baby powder containing talc worldwide next year after it did the same in the U.S. and Canada amid…
Continue Reading UK recession looms as households feel pain of soaring energy bills
By Anna Cooban, CNN Business Britons are bracing themselves for more tough times ahead as the economy starts to shrink and a new forecast suggests…
Continue Reading Johnson & Johnson will stop selling talc-based baby powder around the world in 2023
By Jordan Valinsky, CNN Business Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Its…
Continue Reading Rate hikes and recession are still in the cards
By Nicole Goodkind, CNN Business There appears to be some confusion about the trajectory of prices in the US. That’s partially because…
Continue Reading Three Chinese corporate giants leaving NY stock exchange
By JOE McDONALD AP Business Writer BEIJING (AP) — Three state-owned Chinese corporate giants say they will remove their shares from the New York…
Continue Reading Amsterdam’s Schiphol compensating air travelers hit by chaos
THE HAGUE, Netherlands (AP) — Amsterdam’s Schiphol Airport has launched a compensation program for travelers who missed their flights because of…
Continue Reading ‘Moon Man’ is just what China’s box office needs after months of lockdowns
By Laura He, CNN Business A Chinese sci-fi comedy about an astronaut stranded on the moon has shattered summer box office records in China, providing…
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Argentina hikes interest rates to 69.5% as inflation hits 20-year high
By Reuters Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid…
Continue Reading Ship reaches Ukraine to load up with wheat for hungry Africa
By SUSIE BLANN Associated Press KYIV, Ukraine (AP) — A ship docked in a Ukrainian Black Sea port on Friday to begin loading up with wheat for…
Continue Reading South Korea pardons Samsung’s Jay Y Lee in bid to revive the economy
CNN, CNN BUSINESS By Yoonjung Seo and Gawon Bae, CNN Business The de facto leader of Samsung, Lee Jae-yong, was pardoned by South Korea’s…
Continue Reading South Korea pardons Samsung’s Jay Y Lee in bid to revive the economy
By Yoonjung Seo and Gawon Bae, CNN Business The de facto leader of Samsung, Lee Jae-yong, was pardoned by South Korea’s president on Friday for…
Continue Reading UK economy shrinks in 2nd quarter, sharpening recession fear
LONDON (AP) — The United Kingdom’s economy shrank in the three months to June. It’s a smaller-than-expected contraction but adds to…
Continue Reading German ex-leader Schroeder sues to restore official perks
BERLIN (AP) — Former German leader Gerhard Schroeder is suing to restore the perks he enjoyed as ex-chancellor after he was stripped of them by…
Continue Reading China’s Huawei says sales down but new ventures growing
By JOE McDONALD AP Business Writer BEIJING (AP) — Chinese tech giant Huawei says its revenue fell in the first half of 2022 but new ventures in…
Continue Reading Slow tallies in close Kenya presidential vote feed anxiety
By CARA ANNA Associated Press NAIROBI, Kenya (AP) — The head of Kenya’s electoral commission says vote-tallying in the country’s close…
Continue Reading Wall Street extends winning streak to 4th week
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street capped a choppy week of trading with a broad stock market rally Friday, as the…
Continue Reading Dairy farm in Ukraine’s Donbas region struggles to survive
By JUSTIN SPIKE Associated Press DMYTRIVKA, Ukraine (AP) — One of the last working dairy farms on Ukrainian-controlled territory in the eastern…
Continue Reading European drought dries up rivers, kills fish, shrivels crops
By SYLVIE CORBET and NICOLAS GARRIGA Associated Press LUX, France (AP) — Once, a river ran through it. Now, white dust and thousands of dead fish…
Continue Reading In Biden’s big bill: Climate, health care, deficit reduction
By LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap…
Continue Reading California governor proposes extending nuclear plant’s life
By MICHAEL R. BLOOD Associated Press LOS ANGELES (AP) — California Gov. Gavin Newsom on Friday proposed extending the life of the state’s last…
Continue Reading South Korea to pardon Samsung’s Lee, other corporate giants
By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung’s de-facto leader secured a pardon Friday of his conviction for bribing…
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