[ad_1] Editor’s Note: A version of this article originally appeared in the weekly weather newsletter, the CNN Weather Brief, which is released every Monday. You can sign up here to receive them every week and during significant storms. CNN — While the western US has been piling up snowfall over …
Read More »Party City files for bankruptcy
[ad_1] New York CNN — Party City filed for bankruptcy protection Tuesday after years of losses and weak sales. The largest party goods and Halloween specialty retail chain in the United States said in a regulatory filing that it reached an agreement with debtholders to cut its $1.7 billion debt …
Read More »How Ukraine became a testbed for Western weapons and battlefield innovation
[ad_1] CNN — Last fall, as Ukraine won back large swaths of territory in a series of counterattacks, it pounded Russian forces with American-made artillery and rockets. Guiding some of that artillery was a homemade targeting system that Ukraine developed on the battlefield. A piece of Ukrainian-made software has turned …
Read More »California cleans up from one storm as it prepares for another
[ad_1] CNN — Days after California was hit by “the most impressive storm in nearly 20 years,” the state – fully saturated in many places – is gearing up this weekend for yet another series of atmospheric river events, with flooding, hail, powerful wind gusts and even funnel clouds possible …
Read More »Bank earnings fail to impress investors as recession worries rise
[ad_1] New York CNN — JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase …
Read More »A stomach-churning year for markets in 5 charts
[ad_1] New York CNN — Wall Street is bidding goodbye — and good riddance — to 2022. It has been a year most investors would rather forget. Russia’s invasion of Ukraine, snarled supply chains and another year of Covid turned markets on their head this year. Inflation surged around the …
Read More »Biden and his team feeling vindicated by a 2022 turnaround built on the same decades-old principles
[ad_1] CNN — President Joe Biden spent hours during his first foreign trip behind closed doors, attempting to reassure a shaken group of US allies that America was back. It was clear, he later told advisers, just how much work remained to convince them of the durability of that commitment. …
Read More »Why Southwest is melting down
[ad_1] New York CNN — A punishing winter storm that dumped multiple feet of snow across much of America led to widespread flight cancellations over the Christmas holiday. By Monday, air travel was more or less back to normal – unless you booked your holiday travel with Southwest Airlines. More …
Read More »Premarket stocks: The Grinch comes for retailers
[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Weaker-than-expected retail sales in November pummeled market sentiment …
Read More »Bankruptcy worries swirl around used car retailer Carvana
[ad_1] New York CNN — Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published reports and a bearish analyst’s call that slashes its share-price target to $1. In mid-afternoon trading, Carvana, best known for its auto vending machine concept, stands at about …
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