Is the bitcoin winter beginning to thaw out?
By Nicole Goodkind, CNN Business It’s been a cold, hard crypto winter. But signs of a thaw, spurred on by global currency chaos, are beginning…
Continue ReadingMoney
Bank of England will buy UK bonds at ‘whatever scale’ necessary to halt crash
By Mark Thompson and Rob North, CNN Business The Bank of England said Wednesday it would buy UK government debt “on whatever scale is…
Continue ReadingP.F. Chang’s is launching a subscription program
By Jordan Valinsky, CNN Business First it was streaming services, then it was tacos and now the newest subscription you might be paying for: Chinese…
Continue ReadingIMF criticizes huge UK tax cuts and urges a rethink
By Mark Thompson and Rob North, CNN Business One of the world’s leading multilateral financial institutions has joined a chorus of criticism of…
Continue ReadingLeaks in Nord Stream gas pipelines likely ‘sabotage,’ European leaders say
By Jessie Yeung and Chris Liakos, CNN Leaders of several Western countries have said leaks in two Russian gas pipelines are likely the result of…
Continue ReadingGlobal markets drop after rocky day on Wall Street
By Michelle Toh and Anna Cooban, CNN Business Asian and European stocks fell Wednesday after another turbulent day for US markets, as investors…
Continue ReadingThe purple M&M is here, but not the way you might think
By Danielle Wiener-Bronner, CNN Business Earlier this year, Mars shocked the internet when it unveiled new looks for its M&M’S characters.…
Continue ReadingApple News users receive racist messages after Fast Company hacked
By Oliver Darcy, CNN Business The financial news publication Fast Company took the extraordinary step Tuesday night of shutting down its website…
Continue ReadingMystery leaks hit Russian undersea gas pipelines to Europe
By Reuters and Chris Liakos, CNN European countries on Tuesday raced to investigate unexplained leaks in two Russian gas pipelines running under the…
Continue ReadingKia, once the ‘value’ brand, now has the biggest price markups
By Peter Valdes-Dapena, CNN Business Reversing a century of tradition, most cars now sell for over the manufacturer’s sticker price. This is…
Continue Reading
City Council unanimously approves Colorado Springs Utilities’ natural gas rate increase
COLORADO SPRINGS, Colo. (KRDO) — Members of the Colorado Springs City Council voted Tuesday to approve a natural gas rate increase. Now that it’s…
Continue ReadingToy companies expect grown-ups to shop more for other adults this holiday season
By Paul R. La Monica, CNN Business Fans of the cult classic movie “The Hudsucker Proxy” will remember that the main character kept…
Continue ReadingMarkets are now treating UK bonds like Greek and Italian debt
By Julia Horowitz, CNN Business The pound may have paused its headlong crash toward parity with the US dollar, but the damage to the UK economy…
Continue ReadingHertz, BP team up to build EV charging network
By Matt McFarland, CNN Business Hertz and BP plan to build a network of thousands of electric vehicle chargers in North America, the companies said…
Continue Reading‘Don’t Worry Darling’ was plagued with drama. It won the box office this weekend
By Frank Pallotta, CNN Business It looks like “Don’t Worry Darling” didn’t have that much to worry about. The Warner Bros.…
Continue ReadingUK mortgage borrowers are in for a nasty shock from soaring rates
By Anna Cooban, CNN Business Millions of mortgage borrowers in the United Kingdom are bracing themselves for huge hikes to their monthly payments as…
Continue ReadingNew home sales bounce back in August
By Anna Bahney, CNN Business New home sales bounced back in August despite high prices and rising mortgage rates that have pushed some buyers away.…
Continue ReadingConsumers are growing more optimistic about the US economy
Martha C. White for CNN Business Consumer confidence rose for a second straight month in September, as moderating gas prices and the hope that…
Continue ReadingStocks finish mixed, but Dow and S&P hit lowest levels since November 2020
By Nicole Goodkind, CNN Business So much for turnaround Tuesday on Wall Street. Stocks finished a volatile day mixed after rallying at the open. The…
Continue ReadingUS home price reports show the cooling effect of rising mortgage rates
By Anna Bahney, CNN Business US home prices continued to climb in July. But the market showed signs of cooling as rising mortgage rates pushed more…
Continue Reading