By Anna Cooban, CNN European stocks are pushing higher for the third straight day as investors cheer signs that inflation, supply chain bottlenecks and natural gas prices are all easing Europe’s Stoxx 600 index rose 1% in Wednesday trading, and is now up 3.3% since markets kicked off 2023 trading on Monday. Germany’s DAX rose
Continue Reading By Hanna Ziady, CNN Aldi recorded its highest-ever December sales in the United Kingdom, as shoppers squeezed by searing food price inflation flocked to the German discount supermarket chain to save money on groceries. Sales topped £1.4 billion ($1.7 billion) for the first time, up 26% year on year, with the FIFA World Cup also
Continue Reading By Paul R. La Monica, CNN Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a report from global research and consulting firm Eurasia Group. Most notable? Concerns about the increasingly chaotic geopolitical landscape. “Inflation shockwaves” still feature as one of Eurasia’s top political
Continue Reading By Paul R. La Monica, CNN Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a report from global research and consulting firm Eurasia Group. Most notable? Concerns about the increasingly chaotic geopolitical landscape. “Inflation shockwaves” still feature as one of Eurasia’s top political
Continue Reading By Oliver Darcy, CNN Business “Sports is important. And suddenly it’s not.” Those were the salient words of “SportsCenter” host Scott Van Pelt Monday night after Damar Hamlin suddenly collapsed on the field during the high stakes Bills-Bengals game. Within moments, Van Pelt knew that the injury was very different than those normally sustained on
Continue Reading By Nathaniel Meyersohn, CNN Skip Bayless spent a third straight day defending his controversial tweet about Buffalo Bills safety Damar Hamlin, this time during a tense exchange Wednesday with his Fox Sports talk show co-host Shannon Sharpe. Sharpe, a former NFL player and member of the NFL Hall of Fame, returned to the duo’s talk
Continue Reading By Emiko Jozuka and Jessie Yeung, CNN Japan is offering to pay families to move out of its overcrowded capital, in an effort to revitalize countryside towns and boost the falling birth rate. Starting in April, families in the Tokyo metropolitan area, including those headed by single parents, will be eligible to receive 1 million
Continue Reading By Swati Gupta and Rhea Mogul, CNN Angry crowds gathered in Delhi on Tuesday, demanding justice for a scooter rider who was killed and dragged by a car for miles through the streets of India’s capital. Delhi police said the 20-year-old woman’s scooter collided with the car in the early hours of January 1 before
Continue Reading Sophia Saifi and Diksha Madhok Pakistan’s economic woes show no signs of letting up in 2023. The South Asian nation announced a new energy conservation plan Tuesday as its fragile economy continues to struggle with multiple challenges. The government has ordered all markets to close by 8.30 pm and restaurants by 10 pm, according to
Continue Reading By Nathaniel Meyersohn, CNN Business Victoria’s Secret brand CEO Amy Hauk has resigned less than a year into the job, the company said Tuesday. Hauk, who was also CEO of the company’s Pink apparel brand geared to teens, notified the company of her resignation last week, the company said. She will leave Victoria’s Secret in
Continue Reading By Matt Egan, CNN Many CEOs, investors and consumers are worried about a recession in 2023. But Moody’s Analytics says the more likely scenario is a “slowcession,” where growth grinds to a near halt but a full economic downturn is narrowly avoided. “Under almost any scenario, the economy is set to have a difficult 2023,”
Continue Reading By Jordan Valinsky, CNN Business “The View” returned from its holiday hiatus to pay tribute to its creator, Barbara Walters, who died last week at 93 years old. Whoopi Goldberg began the show saying tributes were “pouring in from around the world” to celebrate Walters’ life and legacy. “The reason why we’re all sitting here,
Continue Reading By Jordan Valinsky, CNN Business “The View” returned from its holiday hiatus to pay tribute to its creator, Barbara Walters, who died last week at 93 years old. Whoopi Goldberg began the show saying tributes were “pouring in from around the world” to celebrate Walters’ life and legacy. “The reason why we’re all sitting here,
Continue Reading By Hanna Ziady, CNN The number of bank robberies in Denmark fell to zero last year, as beefed-up security and reduced use of cash in the Nordic country make holdups less lucrative. Bank heists have been declining steadily since 2000, when 221 took place, or one for nearly every day that branches were open. In
Continue Reading By Jennifer Korn and Oliver Darcy, CNN The NFL showdown between the Cincinnati Bengals and Buffalo Bills, which was postponed in the first quarter after Bills safety Damar Hamlin suffered a cardiac arrest and collapsed on the field, was the most-watched “Monday Night Football” telecast in ESPN history, averaging 23.8 million viewers, according to preliminary
Continue Reading By Jordan Valinsky, CNN Fox Sports host Skip Bayless apologized for hosting his FS1 show “Undisputed” Tuesday morning following a controversial tweet about a football player who suffered a medical emergency during a game. His co-host, former NFL player Shannon Sharpe, did not appear. Buffalo Bills safety Damar Hamlin collapsed mid-game during Monday night’s contest
Continue Reading By Chris Isidore, CNN Tesla shares plunged more than 12% in trading Tuesday, as weaker than expected global sales caused the company’s massive slide in its share price that began last year to continue. Tesla reported record 2022 sales of 1.3 million vehicles, up 40% from the 2021 total, but well below the 50% growth
Continue Reading By Hanna Ziady, CNN Brits are facing another week of travel chaos as rail strikes drag into the new year, disrupting the return to workplaces following the holidays and dealing another blow to retail and hospitality businesses. Some 40,000 rail workers began five days of strike action over pay on Tuesday, shutting down rail services
Continue Reading By Jordan Valinsky, CNN It’s three days into Dry January for those who observe, but that doesn’t mean you can’t touch the vodka. Tito’s Handmade Vodka has enlisted Martha Stewart for a cheeky campaign that helps people who have temporarily abstained from alcohol with some ideas for what to do with their vodka — besides
Continue Reading By Nicole Goodkind, CNN Business Welcome to the first trading day of 2023. Markets are pushing higher but don’t get comfortable just yet — if last year taught us anything it’s to expect the unexpected. On the first trading day of 2022, the S&P 500 and Dow hit record-highs. Later that week, minutes from the
Continue Reading