economy and trade

Is the worst over for Bitcoin and the rest of cryptocurrency?

A version of this story was originally published in CNN Business’s Before the Bell newsletter. Not a subscriber? you can register right here. new York CNN Business — The meltdown of FTX has caused the price of bitcoin and other cryptocurrencies to drop more than 60% this year… and the carnage has spilled over to …

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This London tattoo removal studio will laster off your Kanye West tattoo for free

CNN — A London tattoo studio removal studio is offering free removal of Kanye West tattoos as the artist continues to openly promote antisemitism and praise Adolf Hitler. NAAMA, a London-based tattoo removal studio, announced it would be offering the free removal in an Instagram post on November 15. In October, West went on an …

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Qatar World Cup chief says between 400 and 500 migrant workers have died in projects connected to the tournament

CNN — World Cup chief Hassan Al-Thawadi said that between 400 and 500 migrant workers have died as a result of work done on projects connected to the tournament – ​​a greater figure than Qatari officials have cited previously. In an interview with Piers Morgan which aired on TalkTV on Monday, Al-Thawadi was asked about …

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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 …

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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 …

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China’s Zhengzhou, home to the world’s largest iPhone factory, ends Covid lockdown

Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted a five-day Covid lockdown, in a move that analysts have called a much-needed relief for Apple and its main supplier Foxconn. Zhengzhou is the site of “iPhone City,” a sprawling manufacturing campus owned by Taiwanese …

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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 movie “Emancipation,” Smith called it “a horrific night” and said he “lost it” when he stormed the stage and slapped presenter Chris …

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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 …

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Elon Musk claims Apple ‘threatened to remove’ Twitter from app store

new York CNN Business — Elon Musk claimed on Monday that Apple “threatened” Twitter by pulling it from the iOS app store; This was a move that could prove devastating for the company that Musk just bought for $44 billion. In one of his several tweets on Monday targeting Apple (AAPL) and its CEO for …

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