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Investing
Intel lays off 15% of its staff and its stock tumbles as it struggles to turn around its ailing business
Intel is slashing 15% of its staff as part of a $10 billion plan to reduce costs, the tech company announced in its second-quarter…
Why the stock market is suddenly freaking out
The narrative on Wall Street is shifting.
Traders have long placed their bets on the Federal Reserve cutting…
Trump’s net worth has plunged $800 million since Harris entered the race for the White House
Former President Donald Trump’s social media fortune is shrinking.
The value of Trump’s stake in the corporate…
Dow tumbles more than 500 points as investors fear the US economy is faltering
Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high.…
The Fed is about to do something it hasn’t done since the pandemic
People are getting impatient with the Federal Reserve.
For the past year, the Fed has kept interest rates at…
Bank of England cuts interest rate for first time in four years, but it was the closest call
The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to…
Biden administration proposes new rule banning airlines from charging parents extra fees for their kids to sit next to…
Airlines would no longer be allowed to charge parents extra fees for their kids to be seated next to them under a new rule proposed by…
Fed Chair Powell just said the labor market is getting vulnerable. Friday’s jobs report could prove why
The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal.…
Boeing’s new CEO just landed the best (and worst) job in Corporate America
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Your coffee’s getting pricier – and climate change could keep it that way
Tucked away in the mountainous highlands of Chiapas in southern Mexico, around 150 coffee farmers on the Edelmann family farm work…