Money

By Nicole Goodkind, CNN Friday marks the end of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the wealthiest people and world leaders. The glitzy retreat into the Swiss Alps looks increasingly out of date as the biggest war in Europe since 1945 deepens splits in the world

By Chris Isidore, CNN Unions just had one of the best years in terms of growing membership so far this century. But the high-profile organizing wins at Starbucks, Amazon and Apple stores are only a small part of that success. A boom in hiring by a number of already unionized employers drove an increase of

By Michelle Toh, Yoonjung Seo and Jake Kwon, CNN South Korea’s leader is capping off a whirlwind week, after securing tens of billions of dollars in investment from the Middle East and vowing to have his country play a more important role in revitalizing international supply chains. On Monday, South Korean President Yoon Suk Yeol

By Diksha Madhok and Laura He, CNN The past few years have not been great for the super-rich in China, particularly those who built their fortune in the country’s once red-hot property market. The net worth of Hui Ka Yan, chairman of real estate developer China Evergrande, has plunged nearly 93%, according to the Bloomberg

By Kara Scannell, CNN Attorneys for disgraced FTX founder Sam Bankman-Fried urged the judge in his fraud case to keep the names of two people who co-signed his $250 million bond secret because of actual threats he says his family has received. Bankman-Fried’s lawyer said there was a “security incident” at his parents’ home where

By Clare Duffy, CNN Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in

By Alicia Wallace, CNN The Federal Reserve is seeing progress in its battle to bring down US inflation and remains laser-focused on reaching the Fed’s 2% target — but policy will have to remain restrictive for “some time” to come. That’s the message Thursday from Fed Vice Chair Lael Brainard, speaking at the University of

By Jordan Valinsky, CNN World Wrestling Entertainment executive chairman Vince McMahon has agreed to another multimillion-dollar legal settlement with a former female employee of the wrestling organization, according to the Wall Street Journal, which cited several anonymous sources familiar with the agreement. The Journal reported Thursday that McMahon completed a settlement last month with Rita

By Peter Valdes-Dapena, CNN Business Uber drivers don’t always need four wheels, front-facing passenger seats and top speeds over 50 miles an hour just to drive people or deliveries from one place to another in a city. So Uber is working with automakers to create custom-built cars for urban ride- hail and delivery work, Uber