Consumer debt passes $17 trillion for the first time despite slide in mortgage demand (www.cnbc.com)
Unity to lay off 600 employees, or 8% of its workforce (www.cnbc.com)
The third round of recent layoffs at Unity, creator of the popular game engine.
FedEx pilot union inches closer to strike with unanimous approval for authorization vote (www.cnbc.com)
Disney to cut 7,000 jobs and slash $5.5 billion in costs as it unveils vast restructuring (www.cnbc.com)
Starbucks asks labor board to suspend mail-in ballot union elections, alleging misconduct in voting process (www.cnbc.com)
Ukraine grain exports via Poland and Romania face bottlenecks, says deputy foreign minister (www.cnbc.com)
Volkswagen chief says German car giant will overtake Tesla on electric vehicle sales by 2025 (www.cnbc.com)
Former cop who stormed Capitol guilty on all six counts in second Jan. 6 jury trial (www.cnbc.com)
China's central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown (www.cnbc.com)
Apple can no longer force developers to use in-app purchasing, judge rules in Epic Games case (www.cnbc.com)
Russia to remove dollar assets from National Wealth Fund (www.cnbc.com)
Russia will completely remove U.S. dollar assets from its National Wealth Fund (NWF), while increasing the share of the euro, Chinese yuan and gold. Russia on Wednesday said it plans to spend up to 400 billion roubles annually from the NWF in a bid to boost state investment in infrastructure projects and finance its development...
United Airlines will buy 15 supersonic planes from start-up Boom Supersonic (www.cnbc.com)
Amazon to buy MGM Studios for $8.45 billion (www.cnbc.com)
'War' footing needed to correct economists' miscalculations on climate change, says professor (www.cnbc.com)
Economic forecasts predicting the potential impact of climate change grossly underestimate the reality and have delayed global recovery efforts by decades, a leading professor has said....
Google and Facebook reportedly agreed to help each other against potential antitrust action (www.cnbc.com)
The Wall Street Journal reported that Google and Facebook pledged to help one another if they ever faced an investigation into their pact to work together in online advertising....
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected (www.cnbc.com)
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated....
Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand (www.cnbc.com)
Express filed for Chapter 11 bankruptcy as an investor group led by brand management firm WHP Global looks to acquire most of its assets....
Waymo self-driving cars are delivering Uber Eats orders for first time (www.cnbc.com)
Key Points...
Key Fed inflation gauge rose 2.8% annually in February, as expected (www.cnbc.com)
Key Points...
Immigration is boosting the U.S. economy and has been 'really underestimated,' says JPMorgan research head (www.cnbc.com)
Key Points...
JetBlue, Spirit end $3.8 billion merger agreement after losing antitrust suit (www.cnbc.com)
KEY POINTS...
Germany's Deutsche Bank to file liquidation suit against Chinese developer Shimao after the company defaulted on its offshore bonds (www.cnbc.com)
Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising credit defaults and China’s deepening property sector....
The U.S. national debt is rising by $1 trillion about every 100 days (www.cnbc.com)
The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days....
China's Country Garden gets liquidation petition from creditor (www.cnbc.com)
China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country’s beleaguered property sector....