economy and trade

Forget smartwatches, consumers are buying up these quirky, wearable alternative devices

CNN — In 2015, the same year Apple introduced its smartwatch, a Kickstarter campaign launched for a very different kind of wearable device: a wellness-tracking ring called the Oura. Seven years later, the Apple Watch is the most popular wearable device while other similar products from Google and Samsung also dominate the wearables market. But …

Forget smartwatches, consumers are buying up these quirky, wearable alternative devices Read More »

Europe agrees to cap the price of Russian oil at $60 a barrel

London CNN Business — The European Union has reached a consensus on the price at which to cap Russian oil just days before its ban on most imports comes into force. News of the deal, which had needed approval from Holdout Poland, was confirmed on Twitter by the president of the European Commission, Ursula von …

Europe agrees to cap the price of Russian oil at $60 a barrel Read More »

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside

CNN Business — Amazon CEO Andy Jassy on Wednesday said an “uncertain” economy pushed the e-commerce giant to move forward with rare and wide-ranging layoffs after having gone on a significant hiring spree for much of the pandemic. “We had the lens of a very uncertain economic environment, as well as our having hired very …

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside Read More »

The number of available jobs in the US fell in October

Minneapolis CNN Business — The number of job openings in the United States dropped in October, but the labor market still remains historically tight despite the Federal Reserve’s efforts to cool demand and bring down inflation. There were 10.3 million available jobs last month, down from nearly 10.7 million in September, according to the latest …

The number of available jobs in the US fell in October Read More »

The US economy’s growth was stronger than expected in the third quarter

New York CNN Business — The US economy grew much faster than expected in the third quarter, according to the latest gross domestic product report, which showed GDP rose by an annualized rate of 2.9%. That’s an improvement from the initial government reading in October that showed 2.6% growth in economic activity, and better than …

The US economy’s growth was stronger than expected in the third quarter Read More »

Qatar 2022: What it’s like at a ‘dry’ World Cup

Doha, Qatar CNN — Drinking alcohol before, during and after soccer matches is a habit loved by many supporters around the world. But, at Qatar 2022, alcohol is not readily available. That’s because two days before the start of the 2022 tournament, soccer’s world governing body FIFA confirmed a ban of alcoholic beverages at the …

Qatar 2022: What it’s like at a ‘dry’ World Cup Read More »

Opinion: Will Smith shouldn’t be defined by his most public mistake

Editor’s Note: Jill Filipovic is a journalist based in New York and author of the book OK Boomer, Let’s Talk: How My Generation Got Left Behind. Follow her on Twitter. The opinions expressed in this commentary are her own. View more opinion on CNN. CNN — What does it look like to atone for a …

Opinion: Will Smith shouldn’t be defined by his most public mistake Read More »

Christian Pulisic has been taken to hospital, says World Cup broadcaster FOX Sports

CNN — US Men’s National Team (USMNT) forward Christian Pulisic has been taken to hospital due to an abdominal injury he suffered while scoring the game-winning goal for the United States in its crucial 1-0 win over Iran. During post-match coverage, FOX Sports broadcaster Rob Stone provided an update on the condition of Pulisic, saying: …

Christian Pulisic has been taken to hospital, says World Cup broadcaster FOX Sports Read More »

Will Smith, opening up about Oscars slap, tells Trevor Noah ‘hurt people hurt people’

CNN — Will Smith opened up to Trevor Noah about the now-famous slap at the Oscars in March during an appearance that aired Monday night on “The Daily Show.” While promoting his forthcoming film “Emancipation,” Smith called it “a horrific night” and said he “lost it” when he stormed the stage and slapped presenter Chris …

Will Smith, opening up about Oscars slap, tells Trevor Noah ‘hurt people hurt people’ Read More »

Bank of America CEO predicts two years of pain ahead in the housing market

New York CNN Business — The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession will be brief and “mild.” Bank of America (BAC) CEO Brian Moynihan said in an exclusive interview with Poppy Harlow on “CNN This Morning” Tuesday …

Bank of America CEO predicts two years of pain ahead in the housing market Read More »