What shape might the next recession take?

New York (CNN Business)Wide leg jeans, butterfly clips and half-point rate increases: The 1990s are back. Earlier this month Federal Reserve chair Jerome Powell announced a half-percentage-piont increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn’t hesitate to do it again — a move straight out of the central bank’s 1994 playbook, […]

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Watch CNN's 1990 coverage of McDonald's first opening in Russia

New York (CNN Business)McDonald’s became the symbol of glasnost in action 30 years ago when it opened its first restaurant in Moscow. But after temporarily shutting down more than 800 restaurants following the invasion of Ukraine, McDonald’s has decided to leave Russia altogether. The burger chain will sell its Russia business, saying the “humanitarian crisis caused by the war in […]

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U.S. defense contractor ManTech accepts Carlyle's $3.9 billion buyout deal

FILE PHOTO: A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File Photo(Reuters) -ManTech International Corp on Monday entered into an all-cash buyout deal of $3.93 billion from private equity firm Carlyle Group Inc, sending the U.S. defense contractor’s shares up 11%. Carlyle said it had offered $96 per share, representing a […]

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Ukrainian Troops Fighting Back Against Russian Military In Kharkiv

Ukrainian troops who are fighting back against Russian military in the Kharkiv region have reached the border with Russia, reports quoting the region’s governor said. Troops restored a Ukrainian sign marking the border, says Oleh Sinegubov, who is the governor of Ukraine’s second largest city and home to 1.4 million people. Ukrainian forces have been retaking territory in north-eastern areas […]

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Big Read: The week that shook crypto

In January, Mike Novogratz — hedge fund rock star turned crypto heavy hitter — tweeted a picture of a sizeable new tattoo on his left shoulder. It featured the image of a wolf howling at the moon and a banner saying “Luna”, a cryptocurrency then trading at $78. “I’m officially a Lunatic!!!” enthused the one-time macro investor at the Fortress […]

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Governor blasts finding that Xcel Energy can recover $509M in storm costs from customers

An administrative law judge’s recommendation that Xcel Energy-Colorado be allowed to recover approximately $509 million from customers for costs from a 2021 winter storm led Gov. Jared Polis to denounce letting utilities “balance their financial loss on the backs of consumers.” The Colorado Public Utilities Commission will decide whether Xcel Energy, the state’s largest electric utility, can pass on some […]

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