Money

By Nathaniel Meyersohn, CNN Tuesday Morning, the discount home goods retailer, filed for Chapter 11 bankruptcy protection Tuesday, its second bankruptcy in three years. It’s the latest example of the retail apocalypse, which is starting to creep back. Tuesday Morning’s previous bankruptcy came during the initial months of the Covid-19 pandemic. The chain said Tuesday

By Anna Cooban, CNN Turkey’s stock market soared Wednesday on the first day of trading after a suspension triggered by a devastating earthquake. Shares on Istanbul’s stock exchange rose 9.8% by mid-afternoon. On Tuesday, authorities intervened to boost stock buying: The government announced measures to encourage companies to buy back their shares and ordered pension

By Nicole Goodkind, CNN The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street’s expectations. But at the same time, a slew of corporate layoff announcements have prompted questions about whether there could be a broad slowdown on the horizon. So what’s going on? It’s a

By Wayne Chang and Simone McCarthy, CNN A protest broke out in central China’s Wuhan on Wednesday as elderly residents showed their discontent with a local government reform to public health insurance that came into effect earlier this month. Photos and videos of the demonstration in Wuhan circulating on social media and seen by CNN

By James Frater and Alex Hardie, CNN The European Union is setting up a working group to examine whether frozen Russian assets can be used to rebuild Ukraine. The group will carry out a “legal, financial, economic and political analysis” to assess this possibility, the Swedish government said in a statement Tuesday. Sweden currently holds

By Kathleen Magramo, CNN Hong Kong real estate is the most expensive in the world, but it wasn’t eye watering prices that took investors by surprise this week. A public tender spelling out the details of a government land sale in the city’s Kowloon district states that prospective buyers can be disqualified if they or

By Oliver Darcy, CNN All niceties have been thrown out the window as DirecTV finds itself ensnared in an ugly carriage dispute with Newsmax. The satellite carrier, which refuses to buckle to pressure and pay millions of dollars to broadcast the network’s low-rated programming, unleashed on the right-wing talk channel on Tuesday. In a letter

By Peter Valdes-Dapena, CNN Business Ford has halted production of the top-selling electric pickup in America, the F-150 Lightning, because of a possible battery problem, the automaker confirmed Tuesday. The potential issue was discovered during the company’s pre-delivery vehicles inspections, Ford spokesperson Emma Berg said. The pause in production and delivery apparently does not apply

By Parija Kavilanz, CNN Get ready for heartbreak in the candy aisle. As Valentine’s Day arrives, so does the annual frenzy to buy or gift the classic Russell Stover and Whitman’s Sampler chocolate boxes that come in under $12 or so at Walgreens, CVS, Walmart and Target stores. But shoppers may be disappointed this year