Credit Suisse borrows more than $50 billion from Swiss National Bank after shares crash 30% | CNN Business

[ad_1] London CNN  —  Hours after the Swiss central bank said it was ready to provide financial support to Credit Suisse, the beleaguered megabank took it up on the offer,…

Accenture slashes 19,000 jobs worldwide | CNN Business

[ad_1] London CNN  —  Accenture plans to slash 19,000 jobs worldwide as it attempts to cut costs amid a gloomy economic picture. The Irish-American professional services company said in a…

Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy

[ad_1] The last-minute rescue of Credit Suisse may have prevented the current banking crisis from exploding, but it’s a raw deal for Switzerland. Worries that Credit Suisse’s downfall would spark…

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks | CNN Business

[ad_1] New York CNN  —  “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for Meta employees after he announced the…

Why banking fears just came roaring back | CNN Business

[ad_1] Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN  —  Credit…

Chinese city proposes lockdowns for flu — and faces a backlash | CNN

[ad_1] Hong Kong CNN  —  A Chinese city has sparked a backlash on social media after saying it would consider the use of lockdowns in the event of an influenza…

ChatGPT creator launches subscription service for viral AI chatbot | CNN Business

[ad_1] CNN  —  OpenAI, the company behind ChatGPT, announced on Wednesday it is piloting a $20 monthly subscription plan that offers users priority access to the AI chatbot even during…

What to expect from the Fed meeting | CNN Business

[ad_1] New York CNN  —  The Federal Reserve is expected to raise interest rates for the eighth time in 11 months at the conclusion of its first monetary policy meeting…

Snap stock plunges 15% as revenue growth stalls | CNN Business

[ad_1] New York CNN  —  Snapchat’s parent company reported stalled revenue growth and a large net loss for the final three months of 2022, as it confronts tighter advertiser budgets…

Gautam Adani’s business loses $50 billion in market value after short seller report | CNN Business

[ad_1] New Delhi CNN  —  The value of Gautam Adani’s business empire has crashed by more than $50 billion this week since Hindenburg Research, a US firm that makes money…