Money

By Chris Isidore, CNN Bad weather canceled hundreds of flights on Wednesday, with Southwest Airlines once again hit particularly hard. As of 10:30 am ET the cancellations had totaled 482 flights to, from or within the United States. About half of those — 235 — were Southwest flights. One of the major reasons is a

By Julia Horowitz, CNN Amazon workers at a warehouse in central England went on strike Wednesday, the first time employees of the US tech giant have walked out in the country. About 300 of 1,000 workers at the Coventry fulfillment center are protesting Amazon’s 5% pay increase last year, which is well below the rise

By Matt Egan and Phil Mattingly, CNN The White House is considering a number of senior officials in the federal government to replace top economist Brian Deese, including Federal Reserve Vice Chair Lael Brainard and deputy Treasury Secretary Wally Adeyemo, a person familiar with the matter told CNN on Wednesday. The process to replace Deese

By Diksha Madhok, CNN India’s Adani Group has denounced allegations of fraud made by Hindenburg Research as “baseless” and a “malicious combination of selective misinformation,” and is considering legal action against the US-based short seller. Hindenburg Research published an investigation on billionaire Gautam Adani’s sprawling conglomerate on Tuesday, accusing it of “brazen stock manipulation and

By Chris Isidore, CNN Boeing reported a $650 million operating loss in the fourth quarter, surprising Wall Street analysts who had expected the aircraft giant to turn a profit. The company blamed the unexpected loss on “abnormal production costs” as it tried both to deliver the remaining backlog of 737 Max jets and to step

By Oliver Darcy, CNN Rupert Murdoch has abandoned plans to combine Fox Corporation and News Corporation, a move that would have reunited his broadcasting and print publishing companies under one roof. The companies said in nearly identical press releases that they had received a letter from Murdoch indicated that both he, and his son Lachlan,

By Chris Isidore, CNN Union Pacific, one of the major freight railroads that successfully fought off union demands for paid sick days for workers during contentious labor negotiations in 2022, reported another year of record earnings Tuesday. The company, along with CSX, Norfolk Southern and Burlington Northern Sante Fe, narrowly avoided a strike by its

By Oliver Darcy, CNN Justin Bieber has sold the rights to his publishing and artist royalties from his song catalog, adding himself to a growing list of pop stars who have inked rights deals. Bieber sold his catalog to Hipgnosis, the music rights investment company announced Tuesday. “Justin is truly a once in a generation

By Oliver Darcy, CNN Business The Washington Post on Tuesday became the latest media company to conduct layoffs, cutting 20 roles in a move that publisher Fred Ryan had indicated last month the newspaper would take in early 2023. Sally Buzbee, executive editor of The Post, described the decision to cut the jobs as “difficult”