8 million Laundress detergent products recalled over bacteria exposure risk

8 million Laundress detergent products recalled over bacteria exposure risk

New York CNN  —  The Laundress brand of detergent and household cleaning products has recalled about eight million products because of the possible presence of bacteria that could pose a health risk to consumers. The recalled items, manufactured by the pricey boutique brand between January 2021 and September 2022, include its laundry detergents, fabric conditioner … Read more

Is the worst over for bitcoin and the rest of crypto?

Is the worst over for bitcoin and the rest of crypto?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year…and the carnage has spread to publicly traded companies with … Read more

JCPenney was once a shopping giant. Can it make a comeback?

JCPenney was once a shopping giant. Can it make a comeback?

New York CNN Business  —  Marc Rosen didn’t flinch when he was offered the top job at JCPenney last year. A stalwart of twentieth-century retail for middle-class Americans seeking affordable clothing and home furnishings, JCPenney has struggled for more than a decade and fell into bankruptcy shortly after the Covid-19 pandemic in 2020. But Rosen, … Read more

Frontier Airlines no longer has a customer service phone line

Frontier Airlines no longer has a customer service phone line

New York CNN  —  Customers who need flight information or want to make changes to travel plans can no longer call Frontier Airlines and speak to an agent, the company confirmed to CNN Saturday. Starting last week, the ultra low-cost airline said it has transitioned to fully digital communications. Customers seeking help or information from … Read more

Ford recalling 520.000 Escape and Bronco Sport SUVs

Ford recalling 520.000 Escape and Bronco Sport SUVs

CNN  —  Ford has announced another SUV recall, this time impacting about 520,000 Ford Escape and Bronco Sport compacts in the United States. Potential cracks in the vehicles’ fuel line could cause fires to break out under the hood of some cars, according to Ford and the National Highway Traffic Safety Administration. A total of … Read more

Syed Asim Munir: Pakistan names former spy chief as new head of army

Syed Asim Munir: Pakistan names former spy chief as new head of army

Islamabad, Pakistan CNN  —  Pakistan on Thursday named former spy chief Lt. Gen. Syed Asim Munir as chief of the South Asian country’s army, ending weeks of speculation over an appointment that comes amid intense debate around the military’s influence on public life. Munir, the country’s most senior general and a former head of the … Read more

Mortgage rates fall for the second week in a row

Mortgage rates fall for the second week in a row

Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen throughout most of 2022, spurred … Read more

Tom Brady and Gisele Bundchen named in lawsuit against FTX

Tom Brady and Gisele Bundchen named in lawsuit against FTX

New York CNN Business  —  The fallout from the spectacular implosion of crypto giant FTX has triggered a cascade of wide-reaching effects: It’s ensnared a number of celebrities who endorsed the now-bankrupt platform, and financial contagion is spreading across the vast crypto and digital-asset ecosystem. On Wednesday, the lending arm of crypto brokerage Genesis suspended … Read more

FTX crash shares eerie similarities with Bernie Madoff, ex-regulator Sheila Bair says

FTX crash shares eerie similarities with Bernie Madoff, ex-regulator Sheila Bair says

New York CNN Business  —  In the span of just three years, Sam Bankman-Fried built FTX into a massive crypto exchange backed by marquee investors and valued at $32 billion. It took mere days for all of that to implode in a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial crisis, … Read more

Customers who trusted crypto giant FTX may be left with nothing

Customers who trusted crypto giant FTX may be left with nothing

New York CNN Business  —  As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how much customers who can’t access their money expect to get back from FTX, the crypto exchange that filed for bankruptcy last week. The answer, according to legal experts, may … Read more