Wrong place, wrong time: How things went so badly for the Twitter CEO so quickly

New York CNN Business — When Parag Agrawal took over as Twitter’s CEO last November following co-founder Jack Dorsey’s surprise resignation from the role, he was little known outside the company. Ten months later, Agrawal has featured prominently in a whistleblower disclosure, been rebuked by name in a Congressional hearing and fielded criticism from the … Read more

Here’s who made Fortune’s Most Powerful Women in Business list for 2022

The competition to be listed among Fortune’s Most Powerful Women has gotten a little stiffer this year. In recognition of just how global business has become, Fortune decided to merge its domestic and international lists of top corporate women leaders. Still, in some ways, this year’s top 10 list is similar to last year’s with … Read more

CEOs are preparing for a recession, and they don’t think it will be short

New York CNN Business — Major CEOs aren’t buying the notion that the US economy could have a soft landing following a series of historically large interest rate hikes by the Federal Reserve to fight inflation. According to a survey of 400 leaders of large US companies by consulting firm KPMG, a whopping 91% are … Read more

Investigation finds systemic abuse and misconduct within women’s professional soccer

CNN — An independent investigation has found systemic abuse and misconduct within women’s professional soccer in the United States. The report, led by former acting attorney general Sally Q. Yates and released Monday, was based on more than 200 interviews and reveals the National Women’s Soccer League (NWSL) under the US Soccer Federation (USSF) failed … Read more

A surprisingly hard part of retirement: Spending what you worked so hard to save

You’ve been working and saving for decades for just this moment: retirement. Even though you may be ready to stop working full-time, now comes the hard part: Actually letting yourself use your savings, since you no longer will be bringing in that paycheck, which until now has covered your monthly expenses. Making the psychological shift … Read more

Sailor charged with starting fire that destroyed Navy ship found not guilty

CNN — A sailor charged in connection with starting a fire that destroyed a Navy warship while it was docked in San Diego has been found not guilty. Seaman Recruit Ryan Mays was acquitted on charges of willful hazarding of a vessel and aggravated arson, the Navy said in a statement, following a court martial … Read more

How to protect your 401(k) in a bear market

Editor’s Note: This is an updated version of a story that originally ran on August 29, 2022. Stocks and bonds are trading in bear territory. And given current circumstances, it’s fair to assume the markets will remain volatile for awhile. Interest rates are rising quickly in the US and Europe amid government efforts to tamp … Read more

The Fed’s fight against inflation could cost the US 1.2 million jobs

Minneapolis CNN Business — In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple euphemisms to describe the potential impact on Americans’ jobs, from economic “pain” to “unfortunate costs” and a “softening labor market.” Data, however, doesn’t mince words. The Fed’s latest economic projections, released Wednesday alongside … Read more

Stephen Breyer warns justices that some opinions could ‘bite you in the back’ in exclusive interview with CNN’s Chris Wallace

CNN — Retired Supreme Court Justice Stephen Breyer is warning his colleagues against “writing too rigidly” in their opinions, saying that such decisions could “bite you in the back” in a world that is constantly changing. In a wide-ranging interview with CNN’s Chris Wallace on “Who’s Talking to Chris Wallace,” which debuted Friday on HBOMax … Read more