Money

By Hanna Ziady, CNN Business The United Kingdom faces a “lost decade” of growth if action isn’t taken to address slumping business investment and worker shortages, a leading business lobby group has warned. In a bleak economic forecast published on Monday, the Confederation of British Industry (CBI) said that three quarters of companies are struggling

By Julia Horowitz, CNN Business Indonesia produces more nickel than any other country. As demand soars for batteries to power the energy transition, that presents a huge opportunity, and the archipelago nation of 276 million people intends to take advantage of it. With the electric vehicle revolution driving up demand for key battery metals such

By Laura He, CNN Business Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind Covid restrictions following widespread protests. Multiple cities across China loosened Covid-19 restrictions over the weekend. Starting Monday, Shanghai residents will no longer require a negative Covid test result to enter outdoor venues including

By Paul R. La Monica, CNN Business The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year…and the carnage has spread to publicly traded companies with exposure to digital assets. Shares of Coinbase, Square-owner Block, top bitcoin miners Hive and Riot, crypto bank Silvergate and software

By Parija Kavilanz, CNN Business There’s at least one group of shoppers excitedly hitting malls this holiday season — and they don’t seem to be too bothered about pesky inflation eating into their discretionary dollars. They’re Gen Z. And the way they shop matters. This cohort of consumers born between 1997 and 2012 is among

By Ramishah Maruf, CNN Twitter owner Elon Musk spoke out on Saturday evening about the so-called “Twitter Files,” a long tweet thread posted by journalist Matt Taibbi, who had been provided with details about behind-the-scenes discussions on Twitter’s content moderation decision-making, including the call to suppress a 2020 New York Post story about Hunter Biden

By Lauren Kent, CNN The British government is looking into bringing in the military to mitigate industrial action and keep public services running, the chairman of the governing Conservative Party said Sunday, after a wave of strikes that were sparked by a cost-of-living crisis and an economy sliding into recession. The action includes border control

By Julia Horowitz, CNN Business OPEC and its allies decided Sunday to stick with their existing policy of curtailing oil output, just hours before new Western sanctions on Russian crude exports come into force. The Organization of the Petroleum Exporting Countries, and other major oil producers including Russia, said they would continue to restrict supply

By Megan Thomas, CNN The runoff for Georgia’s remaining US Senate seat took the spotlight during the latest episode of “Saturday Night Live.” The show started with Republican senators meeting with Kenan Thompson as Herschel Walker to talk about Tuesday’s election. “Herschel, the midterms weren’t the red wave we were hoping for, but we think

By Jordan Valinsky, CNN Business It might be 2022, but people are still ordering espresso martinis like it’s the 90s. The coffee-flavored drink has experienced such a resurgence that it has entered the top 10 list of most ordered cocktails at US bars this year, according to research firm CGA by Nielsen IQ. The espresso

By Christine Romans, CNN Chief Business Correspondent Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience. Yes, the economy is strong. But it comes with a lot of caveats.