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Month: April 2022

Why tech stocks are bleeding right now

By Julia Horowitz, CNN Business The tech-heavy Nasdaq Composite was a huge beneficiary of the stock market’s epic recovery from the pandemic. Now, it’s facing ever deeper losses as investors fear that fast-growing companies are running out of steam. What’s happening: The Nasdaq dropped almost 4% on Tuesday, sending the index to its lowest level

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Why lab-grown diamond sales are surging

By Parija Kavilanz, CNN Business It’s proposal season, and engagements are on the rise. So are factory-made diamond sales. Not that you’d know the difference. Man-made diamonds look the same as naturally occurring ones. The only noticeable difference is the price tag. “The result is really stunning,” said Edahn Golan, an independent diamond industry analyst.

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Southern Californians told to reduce outdoor watering in ‘unprecedented’ order amid historic drought

By Stephanie Elam and Aya Elamroussi, CNN Facing the “new reality” of extreme drought conditions caused by a “changing climate,” Southern California officials are demanding businesses and residents in parts of Los Angeles, Ventura and San Bernardino counties cut outdoor watering to one day a week. “This is a crisis. This is unprecedented. We have

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Anheuser-Busch will brew a Ukrainian beer in the United States

By Jordan Valinsky, CNN Business Anheuser-Busch is bringing Ukraine’s most popular beer brand to the United States with proceeds benefiting humanitarian relief in the war-torn country. Beginning in May, Chernigivske will brewed at Anheuser-Busch’s Newark, New Jersey, factory and be sold on draught in Los Angeles, New York, Chicago, Houston, and Phoenix. Specific locations will

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