New York CNN — The failure of a freight railroad strike to begin on Friday is a huge win for the US economy and its still struggling supply chain. But that does not mean that freight railways provide good service to their customers. Many of the issues hampering the supply chain, driving up prices and …
Freight rail service is terrible, even without the threat of a strike | CNN Business Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …
The Fed will raise rates again. But that’s playing with fire | CNN Business Read More »
New York CNN Business — Republicans and Democrats are likely to face off next year over the debt ceiling, a fight that could rattle financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default. The looming debt limit battle in Washington could spark the most uncertainty since the 2011 tightrope …
US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns | CNN Business Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN Business — The collapse of FTX has sent the price of bitcoin and other cryptocurrencies plummeting by more than 60% this year…and the carnage has spread to publicly traded companies …
Is the worst over for bitcoin and the rest of crypto? | CNN Business Read More »
CNN Business — The dictatorial management style of Twitter owner Elon Musk risks driving the company headlong into unforced business mistakes, content moderation disasters and the degradation of the platform’s core features that help protect vulnerable users, according to a former top Twitter executive who led the company’s content moderation before quitting abruptly. this month. …
New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …
There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business Read More »
New York CNN Business — Elon Musk claimed on Monday that Apple had “threatened” to remove Twitter from its iOS app store, a move that could be devastating for the company Musk just acquired for $44 billion. “Apple (AAPL) has also threatened to remove Twitter from its App Store, but won’t tell us why,” Musk …
Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here. New York CNN Business — Over the weekend, mainland China experienced something it hadn’t seen in over 30 years: thousands of protesters flooding the streets, defying the Communist Party. The protests had …
Protests in China chill global markets | CNN Business Read More »
CNN — Sunday officially marks a month since the world’s richest man took over as Twitter’s helm. Around that time, Elon Musk launched mass layoffs and gave remaining employees a cryptic ultimatum, reinstated the accounts of controversial figures including former President Donald Trump, and launched — and then rejected — a plan to bill employees. …
