New York CNN — Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history. California regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance […]
Minneapolis CNN — The US economy added 311,000 jobs in February, according to the latest monthly employment snapshot from the Bureau of Labor Statistics released Friday. That’s a pullback from the blockbuster January jobs report, when a revised 504,000 positions were added, but shows the labor market is still emitting plenty of heat. The unemployment […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — The US labor market is remarkably strong — unemployment is sitting at five-decade lows […]
New York CNN — The US economy has been remarkably resilient, defying a year’s-worth of recession calls. From the labor market to consumer spending to inflation, key readings on the economy have been running hot. Incredibly, despite a war in Ukraine, labor shortages in the US, biting inflation for consumers, a looming debt-ceiling showdown and […]
London CNN — Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank has delayed the publication of its 2022 annual report following a “late call” from the US Securities and Exchange Commission on Wednesday evening. The SEC got in touch over revisions the bank had previously made […]
CNN — The US transferred an alleged al Qaeda bomb maker from Guantanamo Bay to Saudi Arabia, the Defense Department announced Wednesday, part of the Biden administration’s ongoing efforts to close the prison facility. Ghassan Al Sharbi, a 48-year-old Saudi native who has been held in detention at Guantanamo Bay for 20 years, was sent […]
Minneapolis CNN — There’s a slight chill running through the US labor market, but the temperature is still too high for the Federal Reserve. The number of job openings in the United States fell to 10.8 million in January, down from an upwardly revised 11.23 million in December, the Bureau of Labor Statistics reported Wednesday […]
New York CNN — The Chinese government could use TikTok to control data on millions of people and harness the short-form video app to shape public opinion should China invade Taiwan, FBI Director Christopher Wray told the Senate Intelligence Committee Wednesday. Wray responded affirmatively to questions from Republican Sen. Marco Rubio of Florida, the panel’s […]
Editor’s Note: Sign up for CNN’s Life, But Greener newsletter. Our limited newsletter series guides you on how to minimize your personal role in the climate crisis — and reduce your eco-anxiety. CNN — The reliability of our faucets providing water every time we turn them on can make water seem like a magical, never-ending […]
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN — Officials at Russia’s space agency, Roscosmos, have opted to delay the launch of a spacecraft meant to replace one deemed not safe enough to transport astronauts after a second vehicle — a cargo […]