Jon Rahm sets new PGA Tour earnings record with four months still to play | CNN

[ad_1] CNN  —  It’s been quite the year for Jon Rahm – and he’s got the prize money to prove it. A runner-up finish at the Mexico Open on Sunday took the Spaniard’s PGA Tour season earnings to $14,462,840, setting a new Tour record for money earned in a single season. Denied a defense of … Read more

China resorts to unusual measures to restore confidence among entrepreneurs. But it’s not working | CNN Business

[ad_1] Hong Kong CNN  —  After years of regulatory crackdowns and draconian Covid curbs, private entrepreneurs in China are low on enthusiasm. The Chinese government is resorting to surprising measures to restore their confidence, but the campaign has inspired more nervousness than optimism. The province of Hainan, an island that Beijing plans to turn into … Read more

Still haven’t filed your taxes? Here’s what you need to know | CNN Business

[ad_1] New York CNN  —  So far this tax season, the IRS has received more than 100 million income tax returns for 2022. That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April … Read more

Retail spending fell in March as consumers pull back | CNN Business

[ad_1] Washington, DC CNN  —  Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected … Read more

Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN Business

[ad_1] CNN  —  When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for … Read more

Yellen: ‘Not anticipating a downturn’ in the US economy | CNN Business

[ad_1] Minneapolis CNN  —  US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said at a press conference … Read more

Tupperware stock plunges after warning it could go out of business | CNN Business

[ad_1] New York CNN  —  Tupperware shares fell nearly 40% in early trading Monday following a bleak warning that its future is looking murky. In a regulatory filing late Friday, the container maker said there’s “substantial doubt about the company’s ability to continue as a going concern,” and that it’s working with financial advisers to … Read more

Britain’s pound is beating every other major currency this year | CNN Business

[ad_1] London CNN  —  The British pound crashed to a record low last fall as investors rebelled against budget plans by former Prime Minister Liz Truss. Now, it’s enjoying a comeback. Sterling hit its highest level against the US dollar in 10 months on Tuesday, topping $1.25 for the first time since June 2022. The … Read more

What OPEC’s surprise oil cut means for gas prices | CNN Business

[ad_1] New York CNN  —  OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million barrels a day starting in May, running through the end of the year. The news … Read more

HSBC’s top execs face tense shareholders calling for a breakup | CNN Business

[ad_1] Hong Kong CNN  —  HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be split up. At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from … Read more