Category Archives: CNN – Business

Inflation is soaring. Should the Fed unleash ‘shock and awe’?

Inflation is soaring. Should the Fed unleash ‘shock and awe’?

The Bank of England has already started to raise interest rates to fight inflation. The Federal Reserve is likely to follow soon. But how aggressive will America’s central bank be? Investors will be looking for clues when chair Jerome Powell holds a press conference after the Fed’s meeting on Wednesday. Investors are not expecting the…MORE

Turkish journalist detained after ‘insulting’ President Erdogan in a TV interview

Turkish journalist detained after ‘insulting’ President Erdogan in a TV interview

A Turkish journalist has been sent to prison for “insulting” the nation’s President Recep Tayyip Erdogan. Sedef Kabas was arrested in Istanbul on Saturday following a live interview on the opposition TV channel Tele1 last Friday, according to Turkey’s state broadcaster Turkish Radio and Television, TRT Haber. Kabas used traditional Turkish proverbs to make references…MORE

‘SNL’ looks back on Pres. Joe Biden’s first year in office on its version of ‘The Ingraham Angle’

‘SNL’ looks back on Pres. Joe Biden’s first year in office on its version of ‘The Ingraham Angle’

“Saturday Night Live” kicked off this week’s episode with a look back at President Joe Biden’s first year in office through the lens of Fox News host Laura Ingraham and her show, “The Ingraham Angle.” Cast member Kate McKinnon embodied the conservative host, telling her audience of Biden’s term so far, “Can we all admit…MORE

Kohl’s, target of activist investors, gets a buyout offer

Kohl’s, target of activist investors, gets a buyout offer

The quest for control of Kohl’s is heating up. On Saturday, the retailer received an unsolicited $9 billion bid to go private from a consortium backed by an activist investor, according to published sources. The hedge fund, Starboard Value LP, offered to buy the department store chain for $64 a share in cash, The New…MORE

Bitcoin value tumbles almost 50% since record November
Chris McGrath/Getty Images

Bitcoin value tumbles almost 50% since record November

Bitcoin has lost almost half its value since its November high, with cryptocurrency prices continuing to plunge as major economies look to curb their growing popularity. And it’s not just Bitcoin, as cryptocurrencies in general have had a dismal start to the year. Bitcoin has fallen over 8% in the last 24 hours, and was…MORE

What’s getting more expensive
Tiffany Hagler-Geard/Bloomberg via Getty Images

What’s getting more expensive

Inflation and supply chain snags have sent prices for everyday items soaring, from Tide laundry detergent to new cars. Here’s what CNN Business found got more expensive this week, and what might be next. Orange juice A combination of short supply and high demand has sent orange prices soaring. Frozen orange juice futures have risen…MORE

These recent grads landed office jobs, but they’ve barely set foot in the office
Pol Solé/Adobe Stock

These recent grads landed office jobs, but they’ve barely set foot in the office

The past 22 months of the pandemic have forced many companies to recruit, work and retain talent remotely. And that means some workers just entering the labor force have never worked in an office, met any colleagues in-person or commuted farther than a few feet. ‘A happier employee’ Morgan Tolles has worked for online notary…MORE

Worker absences triple because of Omicron
Brandon Bell/Getty Images

Worker absences triple because of Omicron

The percentage of the adult population not working because of Covid-related reasons tripled between December and January, according to Goldman Sachs. The Wall Street bank, citing the latest Household Pulse Survey of roughly 75,000 respondents from the Census Bureau, said the share of adults not working due to virus-related reasons jumped from 1.2% in December…MORE

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