Money Archives - ABC17NEWS

China’s services activity jumps to decade high as economic recovery gets back on track

March 31, 2023 3:20 AM CNN Newsource

By Laura He, CNN A key index measuring the strength of China’s massive services sector jumped to its highest level in more than a decade, as…

Chinese cities are so broke, they’re cutting medical benefits for seniors

March 31, 2023 1:16 AM CNN Newsource

By Laura He, CNN China’s government, strapped for cash after years of enforcing a costly zero-Covid policy, is cutting medical benefits and…

At least 35 killed after falling into underground stepwell in Indian temple

March 31, 2023 12:03 AM CNN Newsource

By Jessie Yeung, Manveena Suri and Vedika Sud, CNN At least 35 people were killed Thursday after falling into a stepwell at a Hindu temple in central…

UK reaches its biggest trade deal since Brexit, joining trans-Pacific partnership

March 30, 2023 11:01 PM CNN Newsource

By Michael Rios and Michelle Toh, CNN Britain has reached an agreement to join a major trans-Pacific partnership, calling it its biggest trade deal…

Evan Gershkovich was arrested Wednesday by Russian security forces in the city of Yekaterinburg.

WSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia

March 30, 2023 7:18 PM CNN

By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…

Virgin Orbit, Richard Branson’s rocket company, will lay off 85% of staff

March 30, 2023 5:08 PM CNN Newsource

By Jackie Wattles, CNN Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its…

Elon Musk speaks at the SATELLITE Conference and Exhibition in March of 2020

News organizations reject Elon Musk’s demand of paying to keep checkmarks on Twitter

March 30, 2023 4:47 PM CNN Newsource

By Oliver Darcy, CNN News organizations have a message for Elon Musk: We are not going to pay you for checkmarks on Twitter. The New York Times, Los…

A new Hyundai Motor Co. Santa Fe SUV sits parked before being shipped to a dealership from the Hyundai Motor Manufacturing Alabama facility in Montgomery on July 19

Hyundai and Kia theft trend has reached New York City

March 30, 2023 2:06 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was…

Former Starbucks CEO Howard Schultz testifies before a Senate Health

Starbucks shareholders want more information about the company’s anti-union efforts

March 30, 2023 1:51 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Starbucks’ investors have voted in favor of an independent review of the company’s aggressive anti-union…

Bed Bath & Beyond will sell up to $300 million of its stock to avoid bankruptcy.

Bed Bath & Beyond says it will likely file for bankruptcy if it can’t sell $300 million in stock

March 30, 2023 11:52 AM CNN Newsource

By Nathaniel Meyersohn, CNN Bed Bath & Beyond will sell up to $300 million of its stock to repay creditors and fund its business as it struggles…

The C-suite bloodbath astonished staffers at the network

ABC News lays off several senior executives amid broader Disney cost-cutting in ‘shock’ to newsroom

March 30, 2023 11:27 AM CNN Newsource

By Oliver Darcy, CNN Business ABC News on Thursday stunned staffers, laying off several senior executives and restructuring its newsroom amid a…

Mortgage rates fall for the third week in a row

March 30, 2023 11:00 AM CNN Newsource

By Anna Bahney, CNN Homebuyers saw another week of falling mortgage rates, with the average rate dropping last week for the third week in a row,…

The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the federal government.

Banking crisis won’t hurt America’s credit rating unless stress intensifies, Moody’s says

March 30, 2023 10:42 AM CNN Newsource

By Matt Egan, CNN The banking crisis that caused US officials to launch emergency interventions is unlikely to have significant direct costs for the…

An AI policy think tank wants the US government to investigate OpenAI and its wildly popular GPT artificial intelligence product over 'deceptive' behavior.

The FTC should investigate OpenAI and block GPT over ‘deceptive’ behavior, AI policy group claims

March 30, 2023 10:35 AM CNN Newsource

By Brian Fung, CNN An AI policy think tank wants the US government to investigate OpenAI and its wildly popular GPT artificial intelligence product,…

Sam Bankman-Fried has pleaded not guilty to fraud and bribery charges on Thursday.

Sam Bankman-Fried pleads not guilty to new federal charges

March 30, 2023 10:13 AM CNN Newsource

By Kara Scannell, CNN Sam Bankman-Fried, the founder of failed cryptocurrency trading platform FTX, pleaded not guilty to five new federal charges of…

WSJ editor tells staff she is ‘very concerned’ for safety of reporter arrested in Russia

March 30, 2023 9:59 AM CNN Newsource

By Oliver Darcy, CNN Wall Street Journal Editor-in-Chief Emma Tucker told staff in a memo Thursday that she was “very concerned” for the…

Putin admits sanctions could hurt Russia’s economy

March 30, 2023 9:48 AM CNN Newsource

By Hanna Ziady, CNN President Vladimir Putin has conceded that Western sanctions designed to starve the Kremlin of funds for its invasion of Ukraine…

Why skinny soda cans are everywhere

March 30, 2023 8:56 AM CNN Newsource

By Nathaniel Meyersohn, CNN Suddenly, your beverage is taller. Beverage brands rely on packaging shape and design to draw in consumers. Now…

Ex-Fox producer said she gave misleading testimony in Dominion case ‘to keep my job’

March 30, 2023 8:55 AM CNN Newsource

By Marshall Cohen and Kristina Sgueglia, CNN Abby Grossberg, the former Fox News producer who accused the right-wing network of pressuring her into…

The US economy grew at a slower pace in the fourth quarter than previously estimated. A man carries siding into a house at a new home construction site in Trappe

The final estimate for GDP shows the US economy grew at 2.6% last quarter

March 30, 2023 7:34 AM CNN Newsource

By Alicia Wallace, CNN The US economy grew at a slower pace in the fourth quarter than initially estimated, as consumer spending continued to trail…