By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Every month or so, while conversing with sources at Fox News, I express surprise that Jonah Goldberg and Stephen Hayes are still employed by the network. After all, the two
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By Paul R. La Monica, CNN Business By choosing to stick with Jerome Powell, who Donald Trump selected to be Federal Reserve chairman in 2017, President Biden proved that he learned a valuable lesson from his former boss about continuity over partisan politics during challenging economic times. Just as Barack Obama stayed with Ben Bernanke
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By Kaitlan Collins, Kate Sullivan, Betsy Klein and Matt Egan, CNN President Joe Biden on Monday formally announced his intent to nominate Jerome Powell to serve as the chairman of the Federal Reserve for a second term and nominate Lael Brainard to serve as the Fed’s vice chair. Powell’s four-year term is up in February,
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By Julia Horowitz, CNN Business When it comes to influence over the global economy, few people in the world are more powerful than Jerome Powell, chair of the US Federal Reserve. This week, investors may learn whether he’s tapped for another four-year term or out of a job. What’s happening: President Joe Biden is expected
Continue Reading By Sara Ashley O’Brien, CNN Business For months, Elizabeth Holmes sat silently, masked, in a San Jose federal courtroom as the government mounted its case to jurors that she knowingly lied about the capabilities of her blood-testing company, Theranos, in order to get money. Now, Holmes wants jurors to hear her story in her own
Continue Reading By Sara Ashley O’Brien, CNN Business For months, Elizabeth Holmes sat silently, masked, in a San Jose federal courtroom as the government mounted its case to jurors that she knowingly lied about the capabilities of her blood-testing company, Theranos, in order to get money. Now, Holmes wants jurors to hear her story in her own
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By Jill Disis, CNN Business China is bringing the regulatory hammer down yet again on some of the country’s largest tech firms. Alibaba, Tencent, Baidu and other companies were all slapped with fines over the weekend for violating antitrust laws, the State Administration of Market Regulation (SAMR) said in a statement. SAMR listed 43 separate
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By Laura He, CNN Business A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It’s the latest sign that the government may be thinking about taking some aggressive steps to address slowing growth, including its first lending rate cut since early 2020. Liu Shijin, a member of
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Every month or so, while conversing with sources at Fox News, I express surprise that Jonah Goldberg and Stephen Hayes are still employed by the network. After all, the two
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Every month or so, while conversing with sources at Fox News, I express surprise that Jonah Goldberg and Stephen Hayes are still employed by the network. After all, the two
Continue Reading
By Ramishah Maruf, CNN Business The fiancée of murdered journalist Jamal Khashoggi wrote an open letter published by the Washington Post calling for Justin Bieber to cancel his upcoming concert in Saudi Arabia. “That’s why I am writing to you with a plea: Cancel your Dec. 5 performance in Saudi Arabia,” Hatice Cengiz wrote Saturday.
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By Ramishah Maruf, CNN Business What began as a Pulitzer Prize-winning New York Times Magazine cover story, the 1619 Project has now produced two books: one for adults, “A New Origin Story” and a children’s book, “Born on the Water.” But even though the 1619 Project books were just released earlier this week, states such
Continue Reading By Ramishah Maruf, CNN Business What began as a Pulitzer Prize-winning New York Times Magazine cover story, the 1619 Project has now produced two books: one for adults, “A New Origin Story” and a children’s book, “Born on the Water.” But even though the 1619 Project books were just released earlier this week, states such
Continue Reading By Frank Pallotta, CNN Business In 1984, “Ghostbusters” became one of the most popular comedies in film history. Now, nearly four decades later, audiences answered the call at the ticket booth for a new sequel in the spooky franchise. “Ghostbusters: Afterlife” — which stars Paul Rudd, Mckenna Grace and Finn Wolfhard — took in an
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Reuters El Salvador plans to build the world’s first “Bitcoin City”, funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country. Speaking at an event closing a week-long promotion of bitcoin in El Salvador, Bukele said
Continue Reading Reuters El Salvador plans to build the world’s first “Bitcoin City”, funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country. Speaking at an event closing a week-long promotion of bitcoin in El Salvador, Bukele said
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By Frank Pallotta, CNN Business There was a lot of news to cover from this week, and “Saturday Night Live” had its Judge Jeanine take it all on. The Fox News personality, who was played by Cecily Strong, opened Saturday night’s episode of the NBC variety show. “Good evening, I’m Judge Jeanine Pirro, and if
Continue Reading By Ramishah Maruf, CNN Business Even among the generally youthful demographic of Starbucks workers unionizing in Buffalo, New York, 17-year-old Maya Panos is younger than most. In her short stint as a member of the labor market, the high school senior says she lost economic stability — Panos was laid off from her first job
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By Danielle Wiener-Bronner, CNN Business Late this summer, drive-thru times slowed by about 26 seconds compared to last year, according to a study. That may not seem like much — but in the world of fast food, every moment counts. “Mere seconds can be a make-it or break-it in terms of where a consumer decides
Continue Reading By Danielle Wiener-Bronner, CNN Business Late this summer, drive-thru times slowed by about 26 seconds compared to last year, according to a study. That may not seem like much — but in the world of fast food, every moment counts. “Mere seconds can be a make-it or break-it in terms of where a consumer decides
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