SpaceX’s Starlink devices found in illegal mining sites in the Amazon | CNN

[ad_1] Sao Paulo CNN  —  Five Starlink internet devices were found in illegal mining sites in the Amazon during raids by Brazil’s environmental police on Tuesday, the environmental agency said. Starlink are small, easy-to-use satellite dishes made by Elon Musk’s private rocket company SpaceX. Starlink says its equipment can provide “high-speed, low-latency broadband internet in … Read more

What to expect from the jobs report on Friday | CNN Business

[ad_1] Minneapolis CNN  —  The US labor market has kept trucking right along even as other areas of the economy have slowed. But that once high-octane ride is showing some signs of wear and tear amid the Federal Reserve’s yearlong efforts to cool inflation by suppressing demand. Job cuts are mounting, hiring activity is losing … Read more

The US economy is unwell. April could be a cruel month | CNN Business

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  After months of a remarkably strong US labor market and economy, everything seems … Read more

Here’s why beef is still pricey | CNN Business

[ad_1] New York CNN  —  A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t look for any bargains just yet. Market forces that have been building for a long time, including devastating droughts, will likely keep hamburger and steak prices steady — and relatively expensive. In part, that’s … Read more

Switzerland cuts bonus payouts for top Credit Suisse management | CNN Business

[ad_1] CNN  —  BERLIN -— Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday. Under Swiss banking law, the Federal Council can impose bonus-related measures on a systemically important … Read more

Russia hawks exploit blogger’s death to demand executions and an even harsher crackdown on dissent | CNN

[ad_1] CNN  —  The killing of Russian military journalist Vladlen Tatarsky has set off angry demands among politicians and commentators in Russia for the return of the death penalty, and for a merciless crackdown on dissent through greater use of terrorism and treason charges. Tatarsky was killed when an improvised device exploded during an event … Read more

The Fed could easily drive Black unemployment much higher than the overall jobless rate | CNN Business

[ad_1] New York CNN  —  Millions of jobs could be on the chopping block this year, as the Federal Reserve continues its rate-hiking campaign to tame inflation. But the effects of that action likely won’t reverberate evenly across the economy. The Fed has seen some success: Inflation has cooled for eighth consecutive months, according 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

Walmart lays off 2,000 warehouse workers | CNN Business

[ad_1] New York CNN  —  Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders, weeks after America’s largest private employer warned it’s in for a tough year ahead. The retail giant is cutting more than 1,000 jobs in Texas, 600 jobs in Pennsylvania, 400 in Florida and 200 … Read more

Job openings shrank more than expected in February in a positive sign for the Fed | CNN Business

[ad_1] Minneapolis CNN  —  America isn’t taking down all of its “help wanted” signs just yet — but they are slowly starting to disappear. The number of available jobs in the United States dropped in February to 9.93 million, the lowest number since May 2021, according to data released Tuesday by the Bureau of Labor … Read more