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Matt Egan

Matt Egan

Lead Writer at CNN Business

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United States
Covering topics
  • Business
  • Society
Languages
  • English
Influence score
73
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Matt Egan
cnn.com

'Absolutely idiotic'. SVB insider says employees are angry with CEO - CNN

The blame game is on for who caused Silicon Valley Bank’s collapse, and the tech sector is pointing the finger at SVB CEO Greg Becker for allowing his company to go down in history as the second-biggest US banking failure on record.
cnn.com

Exclusive: Rocket CEO says housing isn't a buyer's or a seller's ma...

Covid-19 set off an epic housing boom that left first-time homebuyers feeling desperate amid relentless bidding wars and all-cash offers.
cnn.com

Wells Fargo is retreating from the mortgage market it once led - CNN

Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back.
cnn.com

Wells Fargo fined $1.7 billion for 'illegal activity' including unj...

Federal regulators fined Wells Fargo a record $1.7 billion on Tuesday for “widespread mismanagement” over multiple years that harmed over 16 million consumer accounts.
cnn.com

Tesla gets downgraded on Wall Street over Elon Musk's Twitter antic...

Elon Musk’s management of Twitter, including the banning of multiple journalists, has “severely damaged” market sentiment around Tesla, and risks sparking a backlash from advertisers and consumers, a Wall Street analyst warned on Monday.
cnn.com

Biden begins to refill Strategic Petroleum Reserve, while Keystone ...

The Biden administration announced plans Friday to provide nearly 2 million barrels of oil to refineries through an emergency exchange and simultaneously begin efforts to replenish the Strategic Petroleum Reserve early next year.
cnn.com

‘Grave urgency’: Over 400 business groups plead with Congress to pr...

More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start causing chaos in the economy as early as next week.

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cnn.com

‘Christmas is not canceled’ despite growing risk of rail strike | C...

Leading retailers are sounding the alarm about the danger of a national rail strike while simultaneously stressing that a potential work stoppage won’t ruin this holiday shopping season.
cnn.com

The Bahamas seizes digital assets from bankrupt FTX unit for 'safek...

Authorities in the Bahamas have taken control of cryptocurrency assets held by a unit of bankrupt exchange FTX.
cnn.com

House panel wants internal documents from bankrupt crypto exchange ...

A powerful subcommittee in the House of Representatives is seeking internal documents and communications from Sam Bankman-Fried and FTX to understand how the crypto exchange collapsed so suddenly and what is being done to recover customer funds.
cnn.com

Crypto CEO warns his industry faces 2008-style crisis, calls regula...

The reeling crypto industry faces a 2008-style crisis that will lead to a much-needed regulatory crackdown, crypto CEO Changpeng Zhao warned on Friday.