United States

Freight rail service is terrible, even without the threat of a strike |  CNN Business

Freight rail service is terrible, even without the threat of a strike | CNN Business

New York CNN — The failure of a freight railroad strike to begin on Friday is a huge win for the US economy and its still struggling supply chain. But that does not mean that freight railways provide good service to their customers. Many of the issues hampering the supply chain, driving up prices and …

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As the world woos TSMC, Taiwan fears losing its 'silicon shield' |  CNN Business

As the world woos TSMC, Taiwan fears losing its ‘silicon shield’ | CNN Business

hong kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook at a ceremony to unveil its $40 billion manufacturing site in Arizona – a huge investment designed to help secure America’s supply of the most advanced chips. But back in Taiwan, there is deep …

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As the world woos TSMC, Taiwan fears losing its 'silicon shield' |  CNN Business

As the world woos TSMC, Taiwan fears losing its ‘silicon shield’ | CNN Business

hong kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook at a ceremony to unveil its $40 billion manufacturing site in Arizona – a huge investment designed to help secure America’s supply of the most advanced chips. But back in Taiwan, there is deep …

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Democratic lawmakers accuse big oil companies of 'greenwashing'

Democratic lawmakers accuse big oil companies of ‘greenwashing’

Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Exxon and Chevron posted record profits in the second quarter of 2022 as energy stocks have weakened in recent months. Brandon Bell | Getty Images On Friday, two Democratic lawmakers accused the largest oil companies in the United States …

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Sam Bankman-Fried agrees to voluntarily testify at US House hearing on Tuesday

Sam Bankman-Fried agrees to voluntarily testify at US House hearing on Tuesday

Sam Bankman-Fried, Founder and Managing Director of FTX Cryptocurrency Derivatives Exchange, during a Senate Agriculture, Nutrition, and Forestry Committee hearing in Washington, DC on Wednesday, February 9, 2022. Sarah Silbiger | Bloomberg | Getty Images FTX founder Sam Bankman-Fried agreed to testify before the House Financial Services Committee during a hearing into the crypto exchange’s …

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US labor market remains tight as unemployment hits 10-month high

US labor market remains tight as unemployment hits 10-month high

The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the US Federal Reserve battles to rein in demand . Although the US Department of Labor’s weekly jobless claims report on Thursday showed jobless listings, or …

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When China and Saudi Arabia meet, nothing matters more than oil |  CNN Business

When China and Saudi Arabia meet, nothing matters more than oil | CNN Business

hong kong CNN Business — Chinese President Xi Jinping is visiting Saudi Arabia this week for the first time in nearly seven years, during which he is expected to sign billions of dollars in deals with the world’s biggest oil exporter and meet with leaders from across the world. Middle East. The visit is a …

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The stock market is trapped in a sharp downtrend, and the situation could get worse

The stock market is trapped in a sharp downtrend, and the situation could get worse

Stocks have lost their short-term bullish momentum, and now the market seems stuck in a longer-term downtrend with no end in sight. Many market strategists expect the S&P 500 to aim to retest lows in the first quarter as earnings look weaker, recession fears rise and the Federal Reserve continues to tighten policy. Strategists looking …

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Jim Cramer's top 10 things to watch in the market on Wednesday: China's reopening fails to inspire

Jim Cramer’s top 10 things to watch in the market on Wednesday: China’s reopening fails to inspire

My top 10 things to watch for Wednesday, December 7, 2022. 1. Does the reopening of Covid in China mean anything? Are US stock futures and oil prices still falling? So it’s not in the playbook. I’ll talk this morning and later about CNBC’s “Halftime Report”. Big back-to-back losses on Monday and Tuesday for the …

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European markets retreat as global sentiment falters on recession fears

European markets retreat as global sentiment falters on recession fears

Slowdown in private equity deals set to continue in 2023, says fund manager The slowdown in private equity transactions is expected to continue in the first quarter of 2023, according to a trust fund manager at Abrn. Alan Gauld, trust fund manager of private equity opportunities at Abrn, discussed the company’s 2023 outlook for private …

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