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By Allison Morrow, CNN Coinbase, one of the most popular US crypto-trading platforms, agreed to a $100 million settlement after New York regulators found “significant failures” to comply with the state’s anti-money-laundering laws. The settlement includes a $50 million penalty Coinbase must pay to the New York Department of Financial Services and a pledge to
Continue ReadingBy Alicia Wallace, CNN The number of available jobs in the United States totaled 10.46 million in November, according to data released Wednesday by the Department of Labor. That’s more than the 10 million total job openings that economists were expecting, according to Refinitiv, and slightly lower than the upwardly revised October total of 10.51
Continue ReadingBy Anna Cooban, CNN European stocks are pushing higher for the third straight day as investors cheer signs that inflation, supply chain bottlenecks and natural gas prices are all easing Europe’s Stoxx 600 index rose 1% in Wednesday trading, and is now up 3.3% since markets kicked off 2023 trading on Monday. Germany’s DAX rose
Continue ReadingBy Hanna Ziady, CNN Aldi recorded its highest-ever December sales in the United Kingdom, as shoppers squeezed by searing food price inflation flocked to the German discount supermarket chain to save money on groceries. Sales topped £1.4 billion ($1.7 billion) for the first time, up 26% year on year, with the FIFA World Cup also
Continue ReadingCNN By Paul R. La Monica, CNN Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a report from global research and consulting firm Eurasia Group. Most notable? Concerns about the increasingly chaotic geopolitical landscape. “Inflation shockwaves” still feature as one of Eurasia’s top
Continue ReadingBy Paul R. La Monica, CNN Inflation fears roiled the markets in 2022. Now, investors may have scarier things to worry about in 2023, according to a report from global research and consulting firm Eurasia Group. Most notable? Concerns about the increasingly chaotic geopolitical landscape. “Inflation shockwaves” still feature as one of Eurasia’s top political
Continue ReadingCNN, CNN BUSINESS By Nathaniel Meyersohn, CNN Skip Bayless spent a third straight day defending his controversial tweet about Buffalo Bills safety Damar Hamlin, this time during a tense exchange Wednesday with his Fox Sports talk show co-host Shannon Sharpe. Sharpe, a former NFL player and member of the NFL Hall of Fame, returned to
Continue ReadingBy Oliver Darcy, CNN Business “Sports is important. And suddenly it’s not.” Those were the salient words of “SportsCenter” host Scott Van Pelt Monday night after Damar Hamlin suddenly collapsed on the field during the high stakes Bills-Bengals game. Within moments, Van Pelt knew that the injury was very different than those normally sustained on
Continue ReadingBy Laura He, CNN Tesla’s China chief has reportedly been given a big promotion. Tom Zhu has been handed Tesla’s US assembly plants and sales operations in North America and Europe as additional responsibilities, leaving just the Berlin Gigafactory outside his remit, according to media reports on Tuesday. The reports have intensified speculation that China-born
Continue ReadingBy Emiko Jozuka and Jessie Yeung, CNN Japan is offering to pay families to move out of its overcrowded capital, in an effort to revitalize countryside towns and boost the falling birth rate. Starting in April, families in the Tokyo metropolitan area, including those headed by single parents, will be eligible to receive 1 million
Continue ReadingBy Swati Gupta and Rhea Mogul, CNN Angry crowds gathered in Delhi on Tuesday, demanding justice for a scooter rider who was killed and dragged by a car for miles through the streets of India’s capital. Delhi police said the 20-year-old woman’s scooter collided with the car in the early hours of January 1 before
Continue ReadingSophia Saifi and Diksha Madhok Pakistan’s economic woes show no signs of letting up in 2023. The South Asian nation announced a new energy conservation plan Tuesday as its fragile economy continues to struggle with multiple challenges. The government has ordered all markets to close by 8.30 pm and restaurants by 10 pm, according to
Continue ReadingBy Nathaniel Meyersohn, CNN Business Victoria’s Secret brand CEO Amy Hauk has resigned less than a year into the job, the company said Tuesday. Hauk, who was also CEO of the company’s Pink apparel brand geared to teens, notified the company of her resignation last week, the company said. She will leave Victoria’s Secret in
Continue ReadingCNN By Jennifer Korn and Catherine Thorbecke, CNN Developers at a Microsoft-owned gaming studio voted on Tuesday to form the first ever US union at the tech giant, in a milestone moment both for the company and the video game industry. Some 300 quality assurance workers at Microsoft’s ZeniMax Studios voted to unionize with the
Continue ReadingBy Jennifer Korn and Catherine Thorbecke, CNN Developers at a Microsoft-owned gaming studio voted on Tuesday to form the first ever US union at the tech giant, in a milestone moment both for the company and the video game industry. Some 300 quality assurance workers at Microsoft’s ZeniMax Studios voted to unionize with the Communications
Continue ReadingBy Brian Fung, CNN A commercial landlord is suing Twitter for breach of contract after the company allegedly failed to pay rent for one of its offices in San Francisco. The lawsuit concerns Twitter’s office space at 650 California Street, not its main headquarters on Market Street. But it comes after media reports last month
Continue ReadingBy Samantha Murphy Kelly, CNN Business Apple’s market cap fell below $2 trillion in trading Tuesday for the first time since early 2021 and one year to the day after the company became the first public tech company valued at $3 trillion. Shares of Apple ended Tuesday down nearly 4% after a report raised concerns
Continue ReadingBy Matt Egan, CNN Many CEOs, investors and consumers are worried about a recession in 2023. But Moody’s Analytics says the more likely scenario is a “slowcession,” where growth grinds to a near halt but a full economic downturn is narrowly avoided. “Under almost any scenario, the economy is set to have a difficult 2023,”
Continue ReadingBy Jennifer Korn One tech company is trying to help its employees kick off the new year with a clean slate, or at least an emptier calendar. In a memo to employees Tuesday, Shopify said it would do away with all previously scheduled recurring meetings involving three or more people and impose a “two-week cooling
Continue ReadingBy Hanna Ziady, CNN The number of bank robberies in Denmark fell to zero last year, as beefed-up security and reduced use of cash in the Nordic country make holdups less lucrative. Bank heists have been declining steadily since 2000, when 221 took place, or one for nearly every day that branches were open. In
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