Davos: Central bankers say cryptos aren’t real currencies
By Paul R. La Monica, CNN Business Stablecoins are unstable. Cryptocurrencies don’t act like currency. Does digital money ever stand a chance…
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Markets are down, but these charts explain why investors shouldn’t panic
By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market…
Continue ReadingDC attorney general sues Mark Zuckerberg over his handling of the Cambridge Analytica incident
By Brian Fung, CNN Business Washington, DC, Attorney General Karl Racine sued Mark Zuckerberg on Monday, accusing the Facebook co-founder of…
Continue ReadingT-Mobile and AT&T are Wall Street bright spots, but Verizon is struggling
By Paul R. La Monica, CNN Business Inflation concerns have made it a brutal year for stocks, but wireless service is one area where prices…
Continue ReadingGoldman Sachs CEO calls subway shooting of employee a ‘senseless tragedy’
By Jordan Valinsky, CNN Business Goldman Sachs CEO David Solomon said he’s “devastated” about the shooting Sunday on a New York…
Continue ReadingThe bull market minted millions of day traders. They’re in for a rough ride
By Allison Morrow, CNN Business In early 2021, in the midst of speculative stock market euphoria, a pair of day traders went viral on TikTok with a…
Continue ReadingGermany urges Hungary to agree to a Russian oil embargo
By Anna Cooban, CNN Business Germany’s frustration over some European countries’ resistance to an embargo of Russia’s oil was laid…
Continue ReadingDidi’s disastrous foray onto Wall Street is over
By Michelle Toh, CNN Business Shareholders voted Monday in favor of Didi’s plan to quit the New York Stock Exchange less than a year after…
Continue ReadingGlobal economy faces ‘its biggest test’ since WWII
By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first World Economic…
Continue ReadingFirst on CNN: White House explores tapping emergency diesel reserve to ease price spike
By Matt Egan, CNN The White House is considering an emergency declaration that would enable President Joe Biden to release diesel from a rarely used…
Continue ReadingA new billionaire has been minted nearly every day during the pandemic
By Tami Luhby, CNN The Covid-19 pandemic has been good for the wallets of the wealthy. Some 573 people have joined the billionaire ranks since 2020,…
Continue ReadingWhy Insider’s global editor-in-chief decided to publish the sexual harassment allegation against Elon Musk
By Ramishah Maruf, CNN Business Elon Musk is going after Insider for publishing a story alleging he sexually harassed a flight attendant on a SpaceX…
Continue ReadingAmerica needs more baby formula. Here’s why it’s so hard to make it
By Parija Kavilanz, CNN Business Industry insiders have long feared a situation just like this: American parents are desperately seeking adequate…
Continue ReadingNissan is launching a comeback. Here’s what it’s like road tripping in its newest sports car
By Peter Valdes-Dapena, CNN Business The new Nissan Z is one of the most important models in the car maker’s recent history — not for any…
Continue ReadingWhat if the Fed can’t tame inflation?
By Nicole Goodkind, CNN Business To badly misquote John Lennon: Everybody’s talking about inflation, stagflation, capitulation, globalization,…
Continue ReadingDavos is back and the world has changed. Have the global elite noticed?
By Julia Horowitz, CNN Business The last time top politicians, CEOs and billionaires gathered in a Swiss mountain village to discuss society’s…
Continue Reading‘SNL’ says goodbye to Kate McKinnon and Pete Davidson
By Frank Pallotta, CNN Business “Saturday Night Live” closed out its 47th season by saying goodbye to two of its most beloved cast…
Continue ReadingHyundai to build $5.5 billion EV and battery plant in the US. Here’s where
By Ramishah Maruf, CNN Georgia will be home to Hyundai’s first dedicated EV plant and battery manufacturing facility in the United States, the…
Continue ReadingJ.M. Smucker is recalling some Jif peanut butter products due to salmonella
By Ramishah Maruf, CNN J.M. Smucker is recalling certain types of Jif peanut butter in the US because of a potential salmonella contamination. The…
Continue ReadingPeople still call restaurants. Applebee’s is hiring someone else to answer
By Danielle Wiener-Bronner, CNN Business Believe it or not, people still order takeout using the phone. Applebee’s doesn’t want to take…
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