Money

By Marshall Cohen Lawyers for Dominion Voting Systems argued Tuesday that its defamation case against Fox News is so strong that a trial isn’t needed, and the judge followed up with some challenging questions for the right-wing outlet during an all-day courtroom clash. Both sides were in court for a major hearing, where they tried

By Nicole Goodkind, CNN The Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of maximum employment and price stability while maintaining financial safety and security in the midst of a banking meltdown. This week, we’ll hear from Fed officials for the first time

By Nathaniel Meyersohn, CNN Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing 400 stores as it tries to stave off bankruptcy. Already, chains including TJ Maxx, HomeGoods and Ross have scooped up the vacant stores. Burlington, Five Below, Nordstrom Rack and budget gym Planet Fitness

By Oliver Darcy, CNN A Fox News producer on Monday filed a pair of explosive lawsuits against the right-wing talk channel, alleging that the network’s lawyers coerced her into providing misleading testimony in Dominion Voting Systems’ $1.6 billion defamation case against the company. The lawsuits filed by Abby Grossberg, who worked as a senior booking

By Michelle Toh and Anna Cooban, CNN Stocks around the world rose Tuesday as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players. The Dow Jones Industrial index was trading 0.5% higher in late morning trade, while the S&P 500 rose 0.7% and the Nasdaq

By Mitchell McCluskey and Rhea Mogul, CNN Sri Lanka on Monday secured a much-anticipated loan of about $3 billion from the International Monetary Fund (IMF) as the South Asian nation navigates its worst financial crisis in decades. The deal, nearly a year in the making, will aim to “restore macroeconomic stability and debt sustainability” and

By Oliver Darcy, CNN Hollywood is holding its breath. The Writers Guild of America commenced high-stakes negotiations with studios on Monday over a contract set to expire on May 1 — which could lead to the first strike in nearly 15 years, a prospect that would cause massive disruption to television and film projects across

By Peter Valdes-Dapena, CNN With Dodge’s legendary V8-powered muscle cars going out of production at year-end, engineers wanted the last non-electric Dodge Challenger to make a statement. Sort of a very fast, very loud, statement: A final salute to the fuel-burning era. Buyers just might want to attach a parachute. The Demon 170 will be

By Matt Egan, CNN NBA legend Magic Johnson has joined a bid to acquire the NFL’s Washington Commanders from embattled owner Daniel Snyder. A representative from Magic Johnson Enterprises confirmed to CNN that the former NBA star has joined a bidding group for the Commanders that is led by billionaire Philadelphia 76ers and New Jersey

By Parija Kavilanz, CNN Foot Locker is planning to shut 400 stores by 2026 as it strives to become more relevant to younger shoppers by relaunching its retail brands, introducing “experiential” new store concepts and simplifying its operations by closing underperforming mall-based stores. The stores slotted for closing across North America account for nearly 10%

By Allison Morrow, CNN First Republic’s stock fell 47% to a record low Monday, as the bank struggled to persuade Wall Street it could remain viable. Shares were halted several times for volatility, and they sank further after a report from the Wall Street Journal said rival banks led by JPMorgan are trying to work

By Anna Cooban, CNN Investors in a riskier type of Credit Suisse’s bonds had the value of their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS. On Sunday, the Swiss National Bank (SNB) announced that UBS would buy Credit Suisse for 3 billion Swiss francs

By Danielle Wiener-Bronner, CNN Starbucks’ new CEO Laxman Narasimhan has taken over the reins from interim CEO Howard Schultz, about two weeks sooner than planned. Narasimhan was named the company’s incoming CEO on October 1 of last year. Since then, he has shadowed Schultz, who stepped into the CEO role for the third (and he