business activities and management

There's a big problem with the Kroger-Albertsons supermarket merger |  CNN Business

There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …

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Mortgage rates fall for the second week in a row |  CNN Business

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates fell again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending Nov. 23, down from 6.61% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, boosted …

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Home sales in the United States fall for the 9th consecutive month in October |  CNN Business

Home sales in the United States fall for the 9th consecutive month in October | CNN Business

U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …

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Elon Musk's $50 billion lawsuit ends today |  CNN Business

Elon Musk’s $50 billion lawsuit ends today | CNN Business

washington d.c. CNN — The trial of Tesla shareholders’ lawsuit examining CEO Elon Musk’s unprecedented compensation package will conclude this afternoon. Although it is possible for the judge to issue a decision from the bench, it may be weeks or months before a decision is issued. Tesla gave Musk a salary package in 2018 that …

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Customers Who Trusted Crypto Giant FTX Could Be Left With Nothing |  CNN Business

Customers Who Trusted Crypto Giant FTX Could Be Left With Nothing | CNN Business

New York CNN Business — As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how much customers who can’t access their money expect to get back from FTX, the crypto exchange which filed for bankruptcy last week. The answer, according to legal experts, could …

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Tech stocks were crushed.  What's next for the FAANG?  |  CNN Business

Tech stocks were crushed. What’s next for the FAANG? | CNN Business

New York CNN Business — The great bull run for tech stocks may finally be over. It’s been a brutal year for big companies in Silicon Valley. Apple’s (AAPL) stock is down about 16% in 2022, making it the “best” performance of Big Tech’s so-called FAANGs. Facebook owner Meta, Amazon (AMZN), Netflix (NFLX) and Google …

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DC Attorney General Sues Washington Commanders, Owner Dan Snyder and NFL for Misleading Residents |  CNN

DC Attorney General Sues Washington Commanders, Owner Dan Snyder and NFL for Misleading Residents | CNN

CNN — DC Attorney General Karl Racine on Thursday announced a lawsuit against beleaguered Washington Commanders owner Dan Snyder, the team and the NFL, alleging they colluded to mislead DC residents about an NFL investigation into the team’s toxic workplace culture and sexual assault allegations. “For years, the team and its owner did very real, …

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Crypto Is In Chaos As FTX Is On The Verge Of Bankruptcy |  CNN Business

Crypto Is In Chaos As FTX Is On The Verge Of Bankruptcy | CNN Business

New York CNN Business — In less than a week, a 30-year-old entrepreneur once hailed as a modern-day JP Morgan saw his digital empire, including billions of his own fortune, evaporate in a deathly spiral that shook the foundations of the trillion dollar crypto industry. . On Thursday, Sam Bankman-Fried posted a mea culpa: “I …

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Facebook parent company Meta to lay off 11,000 employees |  CNN Business

Facebook parent company Meta to lay off 11,000 employees | CNN Business

New York CNN Business — Facebook parent company Meta announced on Wednesday that it was laying off 11,000 employees, marking the largest job cuts in the tech giant’s history. The job cuts come as Meta faces a series of challenges to its core business and makes an uncertain and costly bet on pivoting to the …

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