Money and Business Archives

Berkshire Hathaway posts 40% surge in operating earnings and record cash

November 4, 2023 5:48 am CNN Newsource

By Krystal Hur and Parija Kavilanz, CNN New York (CNN) — Warren Buffett’s Berkshire Hathaway on Saturday reported a surge in third-quarter… Continue Reading

How the spritz became the ‘cocktail of the moment’

November 4, 2023 5:31 am CNN Newsource

By Jordan Valinsky, CNN New York (CNN) — Martinis and margaritas might still be people’s drink of choice, but the spritz is bubbling to the… Continue Reading

After a year in FTX’s shadow, the crypto industry is delighting in Bankman-Fried’s conviction

November 4, 2023 12:03 am CNN Newsource

By Allison Morrow, CNN New York (CNN) — It took just under a year for Sam Bankman-Fried to go from crypto wunderkind to convicted felon.No… Continue Reading

White House condemns Fox News for ‘standing up on behalf of hate’ after host attacks CNN anchors’ Jewish heritage

November 3, 2023 11:44 am CNN Newsource

By Oliver Darcy, CNN (CNN) — The White House denounced Fox News on Friday, blasting the right-wing network for “standing up on behalf of… Continue Reading

Taylor Swift and Beyoncé concerts deliver record-breaking earnings for Live Nation

November 3, 2023 9:58 am CNN Newsource

By Parija Kavilanz, CNN New York (CNN) — Live Nation Entertainment has Taylor Swift and Beyoncé to thank for propelling the live concerts… Continue Reading

UK officials close antitrust probes into Amazon’s and Meta’s retail platforms

November 3, 2023 9:30 am CNN Newsource

By Anna Cooban, CNN London (CNN) — The United Kingdom’s competition watchdog has wrapped up its antitrust investigations into Amazon’s and… Continue Reading

US banks hit by deposit delays

November 3, 2023 9:29 am CNN Newsource

By Matt Egan, CNN New York (CNN) — Multiple US banks were hit by deposit delays on Friday caused by an error at a payment processing… Continue Reading

Saudi Arabia’s oil production cuts have tipped its economy into reverse

November 3, 2023 8:58 am CNN Newsource

By Aimee Look Abu Dhabi (CNN) — Saudi Arabia’s economy has jolted into reverse, after the world’s largest crude oil exporter slashed output… Continue Reading

Jeff Bezos is leaving Seattle for Miami

November 3, 2023 6:00 am CNN Newsource

By Jordan Valinsky, CNN New York (CNN) — Jeff Bezos is leaving the city where it all began for him.The Amazon founder announced on Instagram… Continue Reading

The 5 wildest moments from the Sam Bankman-Fried trial

November 3, 2023 5:10 am CNN Newsource

By Jordan Valinsky and Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried was found guilty Thursday following a monthlong trial that was… Continue Reading

Shipping giant laying off 10,000 as pandemic boom turns to bust

November 3, 2023 5:03 am CNN Newsource

By Anna Cooban, CNN London (CNN) — Shipping giant Maersk is laying off thousands more workers as weak demand and lower freight prices pummel… Continue Reading

‘It all feels like a nightmare.’ This mom and former Israeli tank commander is leading her tech startup from a war zone

November 3, 2023 4:33 am CNN Newsource

By Matt Egan, CNN New York (CNN) — Maayan Cohen was on a flight from Tel Aviv to Las Vegas when she learned through a text that a terror… Continue Reading

China’s fright night: Halloween protests and cash crunch send distress signals about the economy

November 3, 2023 3:45 am CNN Newsource

By Laura He, Yong Xiong and Wayne Chang, CNN Hong Kong (CNN) — Young people used Halloween parades on the streets of China’s richest city… Continue Reading

The US economy added 150,000 jobs last month. Here’s what that means

November 3, 2023 3:45 am CNN Newsource

By Alicia Wallace, CNN Minneapolis (CNN) — For several months now, the US labor market has been on a cooling trajectory, and Friday’s jobs… Continue Reading

Who is Sam Bankman-Fried, the crypto king who had a stunning downfall?

November 3, 2023 3:00 am CNN Newsource

By Samantha Delouya and Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried, once known as a cryptocurrency whiz kid, was found guilty on… Continue Reading

35,000 workers across 18 casinos will strike on Nov 10 if deal isn’t reached

November 2, 2023 7:17 pm CNN Newsource

By Taylor Romine, CNN (CNN) — The Culinary Workers Union Local 226 and Bartenders Union Local 165 will strike on November 10 at 5 am PT if a… Continue Reading

Pac Biz Reports: Daou Vineyards in Paso Robles sells for $1B

November 2, 2023 5:54 pm Beth Farnsworth

SANTA BARBARA, Calif. - Pacific Coast Business Times journalist and author, Jorge Mercado, talked to your NewsChannel team Thursday about his latest… Continue Reading

Sam Bankman-Fried found guilty of seven counts of fraud in stunning fall for former crypto billionaire

November 2, 2023 4:51 pm CNN Newsource

By Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried was found guilty on Thursday for his role in the collapse of crypto exchange… Continue Reading

First UAW vote at Ford is overwhelmingly in favor of ratifying deal

November 2, 2023 3:31 pm CNN Newsource

By Chris Isidore, CNN New York (CNN) — The first United Auto Workers union vote by rank-and-file members was 82% in favor of the tentative… Continue Reading

Blockbuster weight-loss drugs boost pharmaceutical companies Novo Nordisk and Eli Lilly

November 2, 2023 3:27 pm CNN Newsource

By Samantha Delouya, CNN New York (CNN) — As prescriptions for weight-loss and diabetes drugs skyrocket, so too has revenue for drugmakers… Continue Reading