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CNN – Business/Consumer

Crypto’s 2023 was marred by fraud and scandal. It may have been its best year ever

By Allison Morrow, CNN New York (CNN) — Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling. It still may have been the industry’s best year ever. The cast of “Crypto 2023” starred figures that are now practically synonymous with fraud: Sam Bankman-Fried, Changpeng Zhao, Alex Mashinsky, and, less prominently,

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Chief White House economic adviser says pace of US inflation is on target — for now

By Alicia Wallace, CNN New York (CNN) — The United States has just hit a “significant milestone” in the battle to bring down inflation, President Joe Biden’s chief economic adviser said Friday. Earlier Friday, the Commerce Department released data showing that a closely watched inflation gauge had cooled beyond what economists were expecting and that

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Washington Post union reaches tentative agreement with management after 18 months of negotiations

By Liam Reilly, CNN (CNN) — The Washington Post Guild, the union that represents roughly 1,000 of the newspaper’s staffers, reached a tentative agreement Friday on a new contract with the Post’s management, a breakthrough after a year and a half of protracted and, at times, contentious talks that spilled into public view. “This is without question the best

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New home sales plunged in November

By Anna Bahney, CNN Washington, DC (CNN) — New home sales in the US dropped in November as mortgage rates slowly retreated from their highest levels this year. Sales of newly constructed homes dropped 12.2% in November to a seasonally adjusted annual rate of 590,000 from a revised rate of 672,000 in October, according to a joint

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