Smaller rate hikes likely to come in December, says Fed Chair Powell – CNN | CarTailz

CNN business — Federal Reserve could slow pace of aggressive rate hikes as early as December, Fed Chairman Jerome Powell said at a business forum on Wednesday. “The time to slow the pace of rate hikes could come as early as December’s meeting,” he said in a remark at the Hutchins Center on Fiscal and … Read more

China to fine netizens for ‘liking’ posts after zero Covid protests – CNN | CarTailz

Hong Kong CNN business — Internet users in China will soon be held liable for liking posts deemed illegal or harmful, stoking fears the world’s second-largest economy plans to control social media like never before. China’s internet watchdog is stepping up its regulation of cyberspace as authorities ramp up their crackdown on online dissidents amid … Read more

‘White Paper’ protests: China’s top stationery supplier says it still sells A4 sheets – CNN | CarTailz

Hong Kong CNN business — The rare protests, which swept across China over the weekend, often featured protesters holding blank sheets of paper, a phenomenon that has caused problems for the country’s top stationery chain. In a symbolic protest against censorship, young protesters held up white sheets – a metaphor for the critical social media … Read more

Is this the last Christmas for Sears? -CNN | CarTailz

new York CNN business — Tracy Easterling spent about an hour on Sunday shopping at Sears, which used to be one of her favorite stores. In the end she had nothing to show but memories. Easterling was at Sears in her hometown of Jersey City, New Jersey, one of only 15 Sears full-line restaurants still … Read more

Lawsuit alleges billionaire Leon Black raped woman at Jeffrey Epstein’s home – CNN | CarTailz

new York CNN business — Billionaire investor Leon Black has been sued by a woman who claims he’s “brutal[ly]’ raped her at Jeffrey Epstein’s Manhattan townhouse in the spring of 2002. Cheri Pierson names both Black – the co-founder and former CEO of private equity giant Apollo Global Management – and the estate of the … Read more

Apple has a huge problem with its supplier’s iPhone factory in China – CNN | CarTailz

Hong Kong CNN business — A violent workers’ revolt at the world’s largest iPhone factory in central China further shakes Apple’s strained supply and highlights how the country’s strict zero-Covid policy is hurting global tech companies. The troubles began last month when workers left the factory campus in Zhengzhou, capital of central Henan province, amid … Read more

Apple has a huge problem with its supplier’s iPhone factory in China – CNN | CarTailz

Hong Kong CNN business — A violent workers’ revolt at the world’s largest iPhone factory in central China further shakes Apple’s strained supply and highlights how the country’s strict zero-Covid policy is hurting global tech companies. The troubles began last month when workers left the factory campus in Zhengzhou, capital of central Henan province, amid … Read more

Nearly 200,000 workers go on Black Friday strike in UK – CNN | CarTailz

London CNN business — The British cost of living crisis is already taking the shine off Black Friday. Now the annual shopping bonanza faces an added threat from strikes that could disrupt deliveries, dampen online sales and deal another blow to the slumping economy. Around 235,000 workers went on strike in the UK this week, … Read more

US-China chip war spills over into Europe – CNN | CarTailz

Hong Kong CNN business — Two European chip deals have run into trouble over their ties to China, a sign of concern spreading in the West over possible Chinese control of critical infrastructure. Last week, the new owner of Britain’s largest chipmaker was asked to reverse its takeover just days after the sale of another … Read more

US-China chip war spills over into Europe – CNN | CarTailz

Hong Kong CNN business — Two European chip deals have run into trouble over their ties to China, a sign of concern spreading in the West over possible Chinese control of critical infrastructure. Last week, the new owner of Britain’s largest chipmaker was asked to reverse its takeover just days after the sale of another … Read more