Inflation is rising but the reasons why are changing
By Anneken Tappe and Hanna Ziady, CNN Business Americans have witnessed some wild price hikes over the past few months. Shortages and supply chain…
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Insider trading charges filed over Long Island Iced Tea’s blockchain ‘pivot’
By Matt Egan, CNN Business As the bitcoin craze took off in 2017, a Long Island iced tea company sent its share price spiking as much as 380% merely…
Continue Reading Engagement ring sales soar as Americans recover from the pandemic
By Alexis Benveniste, CNN Business The wedding industry is rebounding as the United States recovers from the pandemic. And with glimmers of normality…
Continue Reading Billionaires race to be first in space
CNN’s Rachel Crane looks at the race between billionaires Jeff Bezos and Richard Branson to be the first in…
Continue Reading Here are just some of Richard Branson’s near-death experiences ahead of his first space flight
By Chris Isidore, CNN Business Richard Branson, the billionaire entrepreneur who is set to take a test flight on his Virgin Galactic spaceship to the…
Continue Reading ‘News for the Rich, White and Blue’: New book argues that chasing subscription dollars is bad for journalism
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 Iceland’s shorter work week trials deemed a success
Public sector employees taking part in two large trials between 2015 and 2019 worked 35-36 hours per week, with no reduction in pay. CNN’s Clare…
Continue Reading US stocks set new records as Delta variant worries remain
By Anneken Tappe, CNN Business US stocks rallied to record highs on Friday, rebounding from Thursday’s selloff. The Dow closed 1.3% higher, or…
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Here’s why straight-to-streaming blockbusters might never work
As a result of the pandemic, studios started releasing movies in theaters and on streaming on the same day. But is that really a good thing? CNN…
Continue Reading Why Marvel’s ‘Black Widow’ is a major moment for Disney+ and movie theaters
By Frank Pallotta, CNN Business Superhero fans have longed to hear it: A new Marvel movie is being released this weekend. And this one won’t…
Continue Reading Italy defeat Spain on penalties to move onto the Euro 2020 final
Italy defeated Spain on penalties in the first semifinal of Euro 2020 to move onto the final where they await the winner of England vs.…
Continue Reading Goldman Sachs bets England will beat Italy this weekend, but…
By Paul R. La Monica, CNN Business Here’s some good news for long-suffering fans of England’s football (aka soccer) team. Goldman Sachs…
Continue Reading Wells Fargo is closing all personal lines of credit
Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from consumers and…
Continue Reading Automakers are tech companies now
By Charles Riley, CNN Business The world’s biggest automakers don’t have much in common with tech companies. Volkswagen and General…
Continue Reading Richard Branson says he isn’t in a race with Jeff Bezos. But, like, come on
By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your…
Continue Reading Fans banned from Olympics as Japan declares COVID state of emergency
Fans were banned from the pandemic-postponed Tokyo Olympics which will open in two weeks, following a state of emergency on Thursday, Olympic…
Continue Reading Olympics 2021: NBC faces ‘hell of a challenge’ producing Tokyo Games after spectators are barred from competitions
By Oliver Darcy, CNN Business NBC was presented with a new challenge producing the 2021 Olympic Games on Thursday after organizers said that…
Continue Reading Wells Fargo shuts down all personal lines of credit, sparking outrage
By Allison Morrow and Matt Egan, CNN Business Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from…
Continue Reading Restaurant workers are quitting in droves. That might not change anytime soon
By Danielle Wiener-Bronner, CNN Business Restaurant workers are calling it quits just as people are starting to dine out again and restaurants rush…
Continue Reading Gas prices are high. Here’s why
People are traveling more but oil supply hasn’t caught up with demand. CNN’s Matt Egan explains why the BIden administration needs to focus on energy…
Continue Reading Gas prices are above $3. Biden doesn’t have a magic wand to fix that
By Matt Egan, CNN Business President Joe Biden is being attacked for $3 gasoline. But the truth is the White House isn’t to blame for high gas…
Continue Reading The Minnesota Fed is requiring all of its employees to be fully vaccinated
By Alexis Benveniste, CNN Business The Federal Reserve Bank of Minneapolis is requiring all current employees to be fully vaccinated against Covid-19…
Continue Reading EU fines German carmakers for colluding on emissions
The European Commission has fined Volkswagen Group and BMW $1 billion for colluding with Daimler to hold back the development of technology that…
Continue Reading Bond yields plummet as Covid anxiety grips markets again
By Paul R. La Monica, CNN Business Worries about inflation are yesterday’s news. Investors suddenly have renewed fears about another spike in…
Continue Reading Stocks tumble as concerns grow over Delta variant
Wall Street is worried the global economic rebound could be slowing. CNN’s Christine Romans…
Continue Reading Volkswagen and BMW fined $1 billion for running emissions cartel
By Hanna Ziady, CNN Business The European Commission has fined Volkswagen Group and BMW $1 billion for colluding with Daimler to hold back the…
Continue Reading Covid destroyed 22 million jobs in rich countries
By Hanna Ziady, CNN Business The coronavirus pandemic has destroyed 22 million jobs in wealthy countries, according to the Organization for Economic…
Continue Reading The SEC should investigate the Didi IPO fiasco, US senator says
By Matt Egan, CNN Business Democratic Senator Chris Van Hollen called on US financial regulators to probe the disastrous IPO of Chinese ride-hailing…
Continue Reading Central banks can’t get enough stimulus
By Charles Riley, CNN Business The European Central Bank has unveiled a new strategy following an 18-month review that could provide policymakers…
Continue Reading America desperately needs 1 million more construction workers
By Vanessa Yurkevich, CNN Business Matthew Messer hauls solar panels on the roof of a home in Long Island, New York, hoisting them one by one in the…
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