Money

By Kara Scannell, CNN Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, pleaded not guilty to criminal charges, setting up a high-stakes legal battle that pits him against two of his closest former business partners. The 30-year-old entrepreneur, who is out on a $250 million bond, was arraigned in federal court in Manhattan on

By Anna Cooban, CNN European and Asian stocks pushed higher on the first major trading day of 2023 as investors try to look beyond a gloomy outlook for the world economy, China’s worst Covid outbreak and stubbornly high inflation in Europe. But after a positive start, Wall Street succumbed to fear again. US stocks opened

By Tami Luhby, CNN Workers who stick with the same employers are enjoying the biggest raises in nearly a quarter century. In November, the median wage growth over the past year for job stayers was 5.5%, according to the Federal Reserve Bank of Atlanta, which began keeping records in 1997. (Job switchers have had it

By Matt Egan, CNN Last year was dominated by scary headlines about crushing inflation, super-sized interest rate hikes and mounting recession fears. It was a brutal period for the stock market, with roughly one-fifth of the value of the S&P 500 vanishing and the Nasdaq dropping by more than one-third. All three major US markets

By Diksha Madhok, CNN This year is going to be tougher on the global economy than the one we have left behind, the International Monetary Fund’s (IMF) chief Kristalina Georgieva has warned. “Why? Because the three big economies, US, EU, China, are all slowing down simultaneously,” she said in an interview that aired on CBS

By Laura He, CNN China’s economy grew at least 4.4% in 2022, according to leader Xi Jinping, a figure much stronger than many economists had expected. But the current Covid wave may hobble growth in the months ahead. China’s annual GDP is expected to have exceeded 120 trillion yuan ($17.4 trillion) last year, Xi said

By Celina Tebor, Liam Reilly and Alaa Elassar, CNN Nearly 4,000 union nurses at NewYork-Presbyterian Hospital have reached a tentative agreement on a contract, while approximately 12,000 nurses at seven other hospitals will move forward with their intention to strike beginning January 9. New York State Nurses Association members at NewYork-Presbyterian reached a tentative deal

By Nathaniel Meyersohn, CNN Singles are ditching pricey white tablecloth meals for romance in the park or on a walk instead. The high cost of dining out and changes to dating habits during the pandemic have driven singles to seek out more affordable, casual first dates. Singles are spending $130 a month on dates, up

By Parija Kavilanz, CNN Many of us will close out 2022 with celebrations that stretch well into the wee hours of New Year’s Day. But when Jan. 1, 2023 gets underway, we’ll just as likely return to familiar routines and habits — caffeine? — and even add in some new resolutions, like a morning walk

By David Goldman, Allison Morrow and Alicia Wallace, CNN After years of legal battles, pontificating and theorizing, former President Donald Trump’s tax returns from 2015 to 2020 are now part of the public record. Many critics and political opponents have theorized that Trump fought the public disclosure of his tax returns because they potentially provided