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841. Sam Bankman-Fried borrowed $546M from his hedge fund to buy a... (permalink)
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score: 3, Economy, 2022-12-28 19:06:06, published by CNN
When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed the deal with more than half a billion dollars borrowed from the his own hedge fund — the entity that prosecutors say was illegally funneling customer funds from its... [additional details]
842. American Airlines places price caps on some cities... (permalink)
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score: 3, Economy, 2022-12-28 16:06:13, published by CNN
Many Southwest customers have been desperately trying something -- anything -- that will get them back home. But some passengers have been horrified to find other airlines posting last-minute flights to their destinations that can cost thousands of dollars. [additional details]
843. Analysis: Southwest got billions of dollars in taxpayer aid. Why... (permalink)
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score: 2, Economy, 2022-12-28 16:06:11, published by CNN
When the coronavirus pandemic ground the transportation industry to a screeching halt in early 2020, the US government doled out more than $54 billion in aid to help pay employees and keep the systems from buckling. [additional details]
844. China adds billions to its 2021 GDP estimate, but its economy... (permalink)
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score: 2, Economy, 2022-12-27 10:05:57, published by CNN
China's gross domestic product (GDP) for 2021 was over half a trillion yuan more than initially calculated, official data revealed Tuesday. The update comes at a time the world's second-largest economy faces severe strain from an unprecedented wave of Covid infections sweeping the country.]... [additional details]
845. Beware the 'pig butchering' crypto scam sweeping across America... (permalink)
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score: 2, Economy, 2022-12-26 14:05:58, published by CNN
The FBI says America has a "pig butchering" problem. And it's costing victims millions of dollars. [additional details]
846. China's Covid surge hits factories and consumer market... (permalink)
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score: 2, Economy, 2022-12-26 10:05:59, published by CNN
China's economy is under severe strain as a wave of Covid cases sweeps across the country. [additional details]
847. Taliban orders NGOs to ban female employees from coming to work... (permalink)
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score: 2, Economy, 2022-12-24 18:05:55, published by CNN
The Taliban administration in Afghanistan has ordered all local and international non-governmental organizations (NGOs) to stop their female employees from coming to work, according to a letter by the Ministry of Economy sent to all licensed NGOs. [additional details]
848. Bethlehem sees Christmas tourism boost after two-year Covid hiatus... (permalink)
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score: 2, Economy, 2022-12-24 13:05:09, published by BBC
Thousands are expected to visit the Palestinian town, where the economy was badly hit by lockdowns. [additional details]
849. The US economy grew much faster than previously thought in the... (permalink)
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score: 2, Economy, 2022-12-22 14:06:02, published by CNN
America's economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve's battle to cool the economy as it fights against inflation is having only limited impact. [additional details]
850. Housing market first-timer? 15+ real estate terms you should know, from... (permalink)
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score: 2, Economy, 2022-12-22 11:06:46, published by USA Today
Contingency? Fixed-rate mortgage? Foreclosure? The housing market practically speaks a language all its own. Here are the terms you should understand.... [additional details]
851. Mortgage rates top 7%. Is a fixed or an adjustable rate the best bet right... (permalink)
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score: 2, Economy, 2022-12-21 12:06:46, published by USA Today
As mortgage interest rates in the U.S. have doubled in the past nine months, some home buyers might be on the fence about whether to buy or wait.... [additional details]
852. Scammers steal hundreds of thousands of dollars in shipments from... (permalink)
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score: 2, Economy, 2022-12-16 21:06:03, published by CNN
Cybercriminals have in recent months stolen hundreds of thousands of dollars' worth of shipments from US food suppliers by placing fraudulent orders for milk products, the FBI and other federal agencies warned on Friday. [additional details]
853. Why recession fears are back: Americans are losing faith... (permalink)
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score: 2, Economy, 2022-12-16 16:06:09, published by CNN
From the executive suite to the grocery aisles to the halls of the Federal Reserve, the big question is: Can red-hot inflation be vanquished without tipping the economy into a recession?... [additional details]
854. The Grinch comes for retailers... (permalink)
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score: 2, Economy, 2022-12-16 14:06:07, published by CNN
Weaker-than-expected retail sales in November pummeled market sentiment on Thursday and raised the odds that the Federal Reserve's inflation-fighting interest rate hikes would push the economy into recession. [additional details]
855. A lagging economy prompted China's leaders to ease pandemic restrictions,... (permalink)
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score: 2, Economy, 2022-12-15 07:05:42, published by CNN
China's Covid-battered economy slumped in November before its leaders abruptly eased pandemic restrictions, paving the way for a reopening that economists say will be bumpy and painful. [additional details]
856. American one of seven charged in Russian military grade weapon... (permalink)
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score: 2, Economy, 2022-12-15 04:05:09, published by CNN
CNN's Alex Marquardt reports on a Russian smuggling ring that has shipped millions of dollars of US manufactured military and sensitive dual-use technologies to Russian end users. [additional details]
857. Live Updates: Federal Reserve raises interest rate by 0.50 percentage points... (permalink)
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score: 2, Economy, 2022-12-14 20:06:32, published by USA Today
The FOMC interest-rate decision is expected to ripple through the economy, driving up rates for credit cards, HELOCs, mortgages and other loans.... [additional details]
858. CEOs sound alarm bells about economy... (permalink)
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score: 2, Economy, 2022-12-14 20:05:52, published by CNN
Some top CEOs appear to be worried that the economy could be the Grinch that steals Christmas this year. And investors are not pleased. [additional details]
859. Meet the world's new richest person... (permalink)
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score: 2, Economy, 2022-12-14 16:06:08, published by CNN
• Stocks sink again as CEOs sound alarm bells about economy • Analysis: Inflation is finally falling. But the days when prices rose just 2% may never return... [additional details]
860. Danish bank pleads guilty to multibillion dollar fraud scheme... (permalink)
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score: 2, Economy, 2022-12-14 00:06:24, published by CNN
Federal prosecutors announced a plea deal and $2 billion forfeiture Tuesday with Danske Bank, one of Denmark's largest banks, for illegally allowing foreign actors to funnel money through their branch in Estonia in order to gain unlawful access to the US financial system. [additional details]
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