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. …
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. …
New York CNN Business — America faces a growing risk of a crippling nationwide freight rail strike in two weeks. Rank and file members of the country’s largest rail union, which represents drivers in the industry, have rejected a tentative labor agreement with the freight railways, the union announced on Monday. The country’s second-largest railway …
CNN — A biologic therapy that delays the onset of type 1 diabetes received approval from the U.S. Food and Drug Administration on Thursday. It is the first therapy approved for the prevention of type 1 diabetes. The monoclonal antibody teplizumab, which will be marketed under the brand name Tzield, from ProventionBio and Sanofi is …
FDA approves first treatment to delay onset of type 1 diabetes | CNN Read More »
Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …
Mortgage rates plunge, biggest weekly drop since 1981 | CNN Business Read More »
New York CNN Business — Inventories were mostly higher on Tuesday after the US government announced that wholesale prices rose at a much less dramatic pace than expected. The news comes just days after another report showed the pace of consumer price increases was also slowing. The Dow was flat midday, having given up much …
Inflation is cooling and Wall Street is loving it | CNN Business Read More »
Minneapolis CNN Business — A key measure of inflation, wholesale prices, rose 8% in October from a year earlier, according to the latest report from the Bureau of Labor Statistics. Although still historically high, this is the smallest increase since July last year and significantly better than expected. It’s the second inflation report this month …
Another Key Economic Report Shows Inflationary Pressures Easing | CNN Business Read More »
Minneapolis CNN — The economy was a priority for voters in the midterm elections, exit polls showed, adding even more weight to a much-anticipated inflation report due out on Thursday. The October consumer price index, which measures the change in the price of everything from pork ribs plane tickets, will provide the latest information on …
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business — The results of Tuesday’s midterm elections will determine the agenda for the …
The markets are in trouble. Election results won’t change that | CNN Business Read More »
