CNN – Business/Consumer

By Michelle Toh, CNN Business Singapore’s central bank has responded to criticism of its treatment of two of the world’s largest crypto exchanges, explaining why Binance was on an investor watch list while FTX, which has filed for bankruptcy, was not. In a statement Monday, the Monetary Authority of Singapore (MAS) said it wanted to

By Oliver Darcy, CNN Business One day after the shock announcement of Bob Iger’s return to Disney, and the resulting ouster of his successor-turned-predecessor Bob Chapek, an astonished Hollywood is grappling with what exactly the move will mean for the entertainment behemoth’s short-term and long-term future. But while there is no shortage of questions that

By Ramishah Maruf, CNN Business Paramount has ended its agreement to sell Simon & Schuster to Penguin Random House and will not appeal the recent federal court ruling blocking the merger of the publishing companies. Penguin, a subsidiary of German media giant Bertelsmann, is obligated to pay Paramount, Simon & Schuster’s parent company, a $200

By Matt Egan, CNN Business Carrier CEO David Gitlin has noticed a shift in the jobs market in recent months as the Federal Reserve slams the brakes on the economy and recession fears mount. “It’s become easier to recruit and retain talent than a year ago,” Gitlin told CNN on Friday by phone after meeting

By Ramishah Maruf, CNN Bob Chapek was initially silent on Florida’s controversial bill barring discussions of gender identity in school classrooms. Now he’s saying “Goodbye, Disney.” Chapek’s rocky two-and-a-half year tenure at the head of the entertainment giant had a few wins. He navigated the Covid-19 pandemic, which shuttered theme parks around the world and

By Matt Egan, CNN Business The nation’s leading retailers warned Monday that Congress may need to step in to avert a devastating freight rail strike they fear could spoil food, interrupt the delivery of goods bought online and worsen inflation. The Retail Industry Leaders Association, a trade group whose members include Walmart, Target, Best Buy,

By Laura He, CNN Business China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease

By Wayne Chang and Diksha Madhok, CNN Taiwan Semiconductor Manufacturing Company plans to bring its most advanced technology to Arizona, the founder of the chip giant said Monday. TSMC’s plans come as tensions between Washington and Beijing are rising over chips, with President Joe Biden imposing a sweeping set of controls on the sale of

By Chris Isidore, CNN Business For travelers getting ready to make their first holiday trips since before the pandemic: prepare for sticker shock. Airfares are way up. US gas prices are higher than they’ve ever been at this time of year. Rates for hotel rooms and rental cars have jumped 12% and 46% respectively from