Evergrande shares plummet 20% to new record low as default fears resurface
By Laura He, CNN Business Shares of Evergrande plummeted to a new record low on Monday as the Chinese developer once again teetered on the brink of…
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With Chris Cuomo gone from CNN, another cable news time slot is up for grabs
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Britain needs a ‘booster for growth’ as tax hikes threaten investment
By Walé Azeez, CNN Business Britain’s economy needs much more investment. Business says it’s unlikely to get it any time soon. The…
Continue Reading Canadian employers, facing labor shortage, accommodate the unvaccinated
Reuters Canada’s tight labor market is forcing many companies to offer regular Covid-19 testing over vaccine mandates, while others are…
Continue Reading Spotify pulls some comedy content amid royalties dispute
By Jeevan Ravindran, CNN Spotify is not joking around amid a dispute over royalties for comedy content. The streaming giant has removed the work of…
Continue Reading Better.com CEO fires 900 employees over Zoom
By Ramishah Maruf, CNN Business Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar…
Continue Reading Marcus Lamb’s death highlights Christian media’s vaccine problem
By Ramishah Maruf, CNN Business The media may not be paying enough attention to the influence of Christian broadcasters when it comes to Covid-19,…
Continue Reading How Elon Musk sold 10 million Tesla shares and increased his Tesla holdings
By Chris Isidore, CNN Business Tesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more…
Continue Reading Small stocks are getting crushed. That’s a bad sign for the economy
By Paul R. La Monica, CNN Business Smaller American companies are getting crushed in the stock market’s recent wild swings. That could be an…
Continue Reading CNN fires Chris Cuomo
By Brian Stelter, CNN Business CNN said Saturday that anchor Chris Cuomo has been “terminated” by the network, “effective…
Continue Reading Former Netflix engineer and accomplice sentenced to prison for insider trading
By Ramishah Maruf, CNN Business A former Netflix software engineer and his best friend were sentenced Friday for securities fraud, the US…
Continue Reading Goldman Sachs cuts US GDP growth forecast for 2022 over Omicron fears
Reuters Goldman Sachs on Saturday cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty around the emergence of the…
Continue Reading Bitcoin plunges overnight
By Ramishah Maruf, CNN Business and Reuters Bitcoin prices plummeted overnight to a low of about $43,000. As of 10:30 am EST Saturday, the…
Continue Reading Man-made diamonds are the new engagement ring trend
By Parija Kavilanz, CNN Business For many couples who recently cemented their commitment to each other with an engagement, the choice of ring…
Continue Reading How eBay’s new CEO turned it into a pandemic winner
By Paul R. La Monica, CNN Business When PayPal split off from eBay a few years ago, eBay was considered to be the less exciting company. But…
Continue Reading How Costco, Sam’s Club and BJ’s won the pandemic
By Nathaniel Meyersohn, CNN Business Few companies have gained more of an advantage during the pandemic than America’s warehouse club giants.…
Continue Reading Banning US oil exports would be a ‘gift to OPEC and Putin,’ Big Oil CEO says
By Matt Egan, CNN Business President Joe Biden has already launched the biggest intervention into energy markets in a decade. Big Oil is nervous…
Continue Reading Tesla just announced a $1,900 kids ATV and it’s already sold out
By Peter Valdes-Dapena, CNN Business As Elon Musk wrapped up his presentation of the Tesla Cybertruck back in November 2019, he had one more thing he…
Continue Reading Chipotle is selling a cilantro soap — and people can’t get enough
By Ramishah Maruf, CNN Business Some people think cilantro is delicious. To others it tastes like soap. And now Chipotle is bringing both sides…
Continue Reading Mark Cuban buys a small town in Texas, just because
By Allison Morrow, CNN Business Mark Cuban, owner of the Dallas Mavericks, is having a Johnny Rose moment. The billionaire just bought the entire…
Continue Reading Big carmakers show they too can gain from the electric car shake-up
By Peter Valdes-Dapena, CNN Business Startup automakers, like Lucid and Rivian, often make the point that, as Tesla has shown, electric car shoppers…
Continue Reading Stocks pull back on weak jobs gains
By Paul R. La Monica, CNN Business What an end to a tumultuous week on Wall Street. Friday kicked off with disappointing news as just 210,000 jobs…
Continue Reading 3 jobs trends to look out for next year
Opinion by Gad Levanon for CNN Business Perspectives Three important trends are likely to dominate the US labor market in 2022: the ongoing economic…
Continue Reading Here’s why the US government is changing rent relief distribution
By Anna Bahney, CNN Business There is still emergency rental assistance available for those struggling to cover their rent because of the pandemic.…
Continue Reading Didi’s delisting could spell the end for Chinese stocks on Wall Street
By Julia Horowitz, CNN Business The era of big Chinese companies heading to the United States to raise money may have just come to an end.…
Continue Reading America added a disappointing 210,000 jobs in November. But the details paint a different picture
By Anneken Tappe, CNN Business The November jobs report looked disappointing at first glance, but the details show that the recovery is very much…
Continue Reading Shell scraps plans to develop Cambo oilfield, citing economics not the climate
By Angela Dewan and Julia Horowitz, CNN Business Shell has pulled out of a controversial oil project in Scotland that was strongly opposed by climate…
Continue Reading Fauci calls out Fox for its silence after host compares him to Nazi doctor
By Oliver Darcy, CNN Business Dr. Anthony Fauci on Thursday night called out Fox News for staying silent after one of its personalities and streaming…
Continue Reading Didi is delisting from New York just months after its disastrous IPO
By Laura He, CNN Business Didi said Friday that it would “immediately” start the process of delisting from the New York Stock Exchange…
Continue Reading ‘This is a crisis now.’ Biden official pleads with Congress to immediately address computer chip shortage
By Matt Egan, CNN Business The worldwide computer chip shortage is fanning the flames of inflation and limiting the supply of everything from iPhones…
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