Jobs report to give clues about the direction the economy is taking

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 will raise interest rates again on Wednesday. But will it be another half-point hike or just a quarter-point hike? And the rest of the year? The … Read more

5 things to know for January 25: Classified documents, Tornadoes, Immigration, Covid, Ukraine

CNN — Rihanna headlining the 2023 Super Bowl halftime show has already generated immense excitement. But if pop music isn’t your genre of choice, you might be happy to hear that the NFL has added a country music star and Hollywood heavyweights to its entertainment lineup. Here’s what else you need to know to Level … Read more

Davos: No recession after all? Business leaders more optimistic as China reopens

Davos, Switzerland CNN — Optimism about the global economy has been rare among business leaders in recent months, with recession fears clouding the outlook and limiting investment. Now, cautious optimism is looking through. That’s largely thanks to China, whose sudden removal of tough coronavirus restrictions late last year is expected to trigger a spending spree … Read more

Mud, mold and destruction: California businesses face catastrophic damage

New York CNN — At the end of a long Californian wooden pier jutting out over the Pacific Ocean is the Wharf House. It is now almost entirely inaccessible. The Wharf House Restaurant, an iconic establishment for residents of the Santa Cruz County resort town of Capitola, sits alone, boarded up, damaged, with an uncertain … Read more

Mud, mold and destruction: California businesses face catastrophic damage

New York CNN — At the end of a long Californian wooden pier jutting out over the Pacific Ocean is the Wharf House. It is now almost entirely inaccessible. The Wharf House Restaurant, an iconic establishment for residents of the Santa Cruz County resort town of Capitola, sits alone, boarded up, damaged, with an uncertain … Read more

TikTok is ‘digital fentanyl,’ says new GOP China committee chair

Washington CNN — TikTok is an addictive drug that the Chinese government supplies to Americans, the new chairman of a new House select committee on China has said. GOP Rep. Mike Gallagher of Wisconsin told NBC’s “Meet The Press” in an interview that aired Sunday that he called TikTok “digital fentanyl” because “it’s highly addictive … Read more

Bob Iger Named Disney CEO Again, Replacing Bob Chapek and Shocking Hollywood

New York CNN Business — Bob Iger, one of the most successful CEOs in The Walt Disney Company’s history, returns to lead the media empire once again. It’s a shocking development in Hollywood’s biggest business. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately. “We thank Bob Chapek for his service … Read more

Peloton launches cult new treadmill in Australia amid high demand

Cult fitness brand Peloton has announced that it is finally launching its highly sought after treadmill in Australia. Home training, which has exploded globally during the pandemic, launched Down Under with the arrival of its bike in July 2021 and has already built up a strong local community of members who have followed nearly two … Read more

Kirstie Alley cause of death: Actress dies aged 71 after battle with cancer

Kirstie Alley’s children have confirmed the actress has passed away after a short battle with cancer. Alley, 71, who starred in Cheers, Veronica’s Closet and a number of popular films in the 90s, was remembered as an “incredible, fierce and loving mother” in a statement posted to her official Twitter account. “She was surrounded by … Read more

Investors have very little to be grateful for in 2022

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 — Americans are getting ready to celebrate Thanksgiving. But investors in the United States (and the rest of the world for that matter) have little to be grateful for … Read more