Tag Archives: iab-economy

[ad_1] Washington CNN  —  The Biden administration has launched an expansive task force to investigate how US and western components, including American-made microelectronics, are ending up in Iranian-made drones Russia is launching by the hundreds into Ukraine, multiple officials familiar with the effort tell CNN.  The US has imposed tough export control …

[ad_1] London CNN Business  —  The first images of banknotes featuring Britain’s King Charles III were unveiled on Tuesday by the Bank of England. Charles’ portrait will appear on English notes of £5, £10, £20 and £50. Meanwhile, the rest of the design will remain the same as the current …

[ad_1] Nassau, Bahamas CNN  —  FTX founder Sam Bankman-Fried Monday morning arrived in court in the Bahamas where he is expected to drop his extradition fight, clearing a significant hurdle to return him to US soil to be prosecuted on multiple charges of fraud and conspiracy. Bankman-Fried had initially planned …

[ad_1] CNN  —  Former FTX CEO Sam Bankman-Fried is expected to appear in a Bahamas court on Monday to reverse his decision to contest extradition to the US, a person familiar with the matter told CNN. The New York Times also reported that Bankman-Fried is expected to agree to extradition …

[ad_1] New York CNN  —  The good vibes on Wall Street are fading fast: US stocks tumbled yet again Friday as investors come to grips with a souring economy. The Dow fell 200 points, or 0.6%. The S&P 500 was down 0.5%, and the Nasdaq Composite was unchanged. CNN Business’ …

[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 …

[ad_1] Minneapolis CNN  —  US retail sales fell sharply at the start of the holiday shopping season, dropping by 0.6% during the month of November, according to data released Thursday by the Commerce Department. Pullbacks in auto sales helped drive the decline — the largest monthly decrease seen all year …

[ad_1] Hong Kong CNN  —  China’s Covid-battered economy slumped in November before its leaders abruptly eased pandemic restrictions, paving the way for a reopening that economists say will be bumpy and painful. On Thursday, a series of indicators pointed to a slowdown in economic activity last month. Retail sales declined …

[ad_1] Hong Kong CNN  —  Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as the world’s largest cryptocurrency exchange confronted investor jitters amid a deluge of negative headlines about the industry. Andrew Thurman, content lead for Nansen, told CNN that at …

[ad_1] New York CNN  —  John J. Ray III, who made his name overseeing the liquidation of Enron in the early 2000s, is the man in charge of sifting through the rubble of FTX, the once-mighty cryptocurrency exchange — founded in 2019 and run into the ground by 2022 by …