CNN – Business/Consumer

By Wayne Chang and Michelle Toh, CNN Workers at a Chinese factory making Covid-19 test kits clashed with police over the weekend after their managers apparently told them to go on vacation early, a move that effectively terminated their employment without notice, according to social media posts and videos reviewed by CNN. Online footage showed

By Jordan Valinsky, CNN Former World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a six-month hiatus following a hush money and sexual harassment scandal. WWE on Friday confirmed McMahon’s return, also announcing in a press release that it “intends to undertake a review of its strategic

By Nicole Goodkind, CNN Business Stocks soared on Friday to their best day in more than a month. The Dow gained 700 points and the S&P 500 and Nasdaq rose by 2.3% and 2.6% respectively, as traders bet that a slowdown in wage growth could mean that inflation may finally be cooling off. But the

By Julia Horowitz, CNN Goldman Sachs will lay off as many as 3,200 employees this week as an uncertain economic and market climate pushes the bank to hunt for cost savings, according to a person familiar with the matter. More than a third of the job cuts are expected to be from the firm’s trading

By Hanna Ziady, CNN British nurses and ambulance drivers will press on with more strikes in a dispute over pay after talks with the government failed to produce a breakthrough on Monday. The Royal College of Nursing (RCN), which represents close to half a million nurses, midwives and health care assistants described the talks as

By Emiko Jozuka, Kathleen Benoza and Michelle Toh, CNN Japan is grappling with the biggest drop in living standards in nearly a decade as inflation continues to soar. The world’s third largest economy reported its worst real-wage decline in more than eight years on Friday, a day after its leader asked businesses to hike workers’

By Laura He, CNN China’s heavy-handed crackdown on tech giants is coming to an end and the country’s economic growth is expected to be back on track soon, according to a top central bank official. The crackdown on fintech operations of more than a dozen internet companies is “basically” over, said Guo Shuqing, the Communist

By Chris Isidore, Vanessa Yurkevich and Tami Luhby, CNN More than 7,000 nurses at two major New York City hospitals walked off the job Monday, arguing immense staffing shortages are causing widespread burnout and hindering their ability to properly care for their patients. The nurses say they are working long hours in unsafe conditions without

By Jon Passantino, CNN Bernard Kalb, the long-time journalist and founding anchor of CNN’s “Reliable Sources” program, died on Sunday at his home in North Bethesda, Maryland, his family said. He was 100. Kalb’s death was caused by complications from a recent fall, his younger brother, Marvin Kalb, told CNN by phone. According to a

By Celina Tebor, Vanessa Yurkevich, Ramishah Maruf and Samantha Beech, CNN Mount Sinai Morningside and West hospital reached a tentative agreement with the state nursing union on a new contract Sunday, avoiding a strike Monday morning, according to a news release from the union. Nurses at two other area hospitals, Mount Sinai Hospital and Montefiore

By Paul R. La Monica, CNN It may be a new year. But for investors, consumers and the Federal Reserve, inflation remains a major economic concern, just as it was in 2022. With that in mind, Wall Street will intensely scrutinize the December Consumer Price Index data for December that is set to be released