[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 »Mike Sievert of T-Mobile is the CNN Business CEO of the Year
[ad_1] New York CNN — Investors saw a lot of red in 2022. But a company known for its magenta logo was a stock market darling this year. Shares of T-Mobile (TMUS) rose about 20% in 2022, even as rivals AT&T (T) and Verizon (VZ) tumbled. Ma Bell was down …
Read More »‘Life or death.’ As Britons buckle under the cost of living crisis, many resort to ‘warm banks’ for heat this winter
[ad_1] London CNN — In a community center in central London, a young child plays in a makeshift area as her caregiver rocks her stroller and chats to a friend. The Oasis Centre in Waterloo sits in a four-story building that has a warm, inviting feeling, with plush chairs and …
Read More »Opinion: Crypto was billed as a vehicle to wealth. For many Black investors, it’s been anything but
[ad_1] Editor’s Note: Tonantzin Carmona is a David M. Rubenstein fellow at the Brookings Institution. Her most recent work has focused on the risks and drawbacks of cryptocurrencies, particularly their impact on Black and Latinx communities. The views expressed here are her own. Read more opinion at CNN. CNN — …
Read More »Elon Musk’s Twitter obsession isn’t the core reason for Tesla stock’s plunge
[ad_1] New York CNN — A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. But Tesla’s steep stock selloff this week proved that the problems at Musk’s car company go …
Read More »New home sales rose in November, defying expectations
[ad_1] Washington, DC CNN — New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% in November from October, but were down 15.3% from a …
Read More »The US economy grew much faster than previously thought in the third quarter
[ad_1] New York CNN — America’s economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve’s battle to cool the economy to fight inflation t is having only limited impact. The Commerce Department’s final reading Thursday morning showed gross domestic product, the broadest …
Read More »FTX co-founder and ex-chief of hedge fund Alameda Research each pleaded guilty to multiple charges, are cooperating with fed
[ad_1] CNN — Two senior executives associated with collapsed crypto exchange FTX have pleaded guilty to multiple criminal charges and are cooperating with federal prosecutors, according to unsealed court records. Additionally, the pair face civil fraud charges from the Securities and Exchange Commission that were announced Wednesday night. Gary Wang, …
Read More »After Twitter users voted to oust Elon Musk as CEO, he wants to change how polls work
[ad_1] New York CNN — When Elon Musk polled Twitter users about whether to reinstate former President Donald Trump’s account, he quickly followed through on the majority’s wish to do so. “Vox Populi, Vox Dei,” he pronounced via tweet, Latin for “the voice of the people is the voice of …
Read More »