CNN – Business/Consumer

By Kara Scannell, CNN A former top executive of failed cryptocurrency trading platform FTX pleaded guilty and is cooperating with federal prosecutors investigating the alleged billion-dollar fraud at the now collapsed exchange. Nishad Singh, the former director of engineering at FTX, pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to

By Paul R. La Monica, CNN Last year’s stock market zeroes are so far turning out to be this year’s Wall Street heroes. The best performer in the S&P 500 year to date through Monday’s close is Tesla. Elon Musk’s electric car giant is up nearly 70% in the first two months of this year,

By Nathaniel Meyersohn, CNN Planning to hit the gym during rush hour? You’ll have much better luck finding an open elliptical machine than a bench press, squat rack or 30-pound dumbbells. Strength training — also called weight training or resistance training — has surged in popularity, driven by new research on its health benefits, the

By Alicia Wallace, CNN American consumers felt much worse about the US economy in February amid rising interest rates and concerns about a potential recession, according to the latest survey data released Tuesday by the Conference Board. The business research group’s consumer confidence index fell to 102.9 in February from a downwardly revised 106 the

By Jordan Valinsky, CNN Baked goods company Entenmann’s is bringing back its cellophane window packaging after a two-year absence caused by flood damage at the factory that produces the iconic white and blue cartons. The cellophane window has been a recognizable feature for more than 70 years, allowing shoppers to view the tasty treats they’re

By Jordan Valinsky, CNN Target’s decision to cut prices to boost sales has paid off. The retailer’s holiday-quarter sales at stores open at least a year rose nearly 1% compared to same period in 2021. That came in well above analysts’ expectations: Wall Street had expected sales to slip. Consumers spent more of their money

By Oliver Darcy and Jon Passantino, CNN Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting Systems that some Fox News hosts endorsed false claims that the 2020 election was stolen. Murdoch’s remarks were made public in a legal filing as part of Dominion’s $1.6 billion lawsuit against Fox

By Ramishah Maruf, CNN TD Bank will pay $1.2 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated by disgraced financier Allen Stanford more than a decade ago. Toronto-Dominion Bank agreed to pay $1.205 billion to a court-appointed receiver who will in turn pay back victims of the

By Anna Bahney, CNN Pending home sales crushed expectations in January, when mortgage rates dropped from recent highs of more than 7% and home buyers jumped at the opportunity. According to data released Monday from the National Association of Realtors, it was the largest monthly sales increase since June 2020. The pending sales index, based

By Alicia Wallace, CNN Treasury Secretary Janet Yellen said Monday she believes US inflation remains too high but that a soft landing is on the radar. During an exclusive interview with CNN’s Melissa Bell from Kyiv, Yellen said the Federal Reserve’s efforts to date to bring down inflation while maintaining a strong labor market appear

By Jon Passantino and Oliver Darcy, CNN Andrews McMeel Universal, the company that syndicates “Dilbert,” said it is cutting ties with the comic strip’s creator, Scott Adams, after his racist remarks about Black Americans led hundreds of newspapers across the country to drop the satirical cartoon. In a joint statement, Andrews McMeel Chairman Hugh Andrews