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By Frank Pallotta, CNN Business Tickets for “Spider-Man: No Way Home” overloaded ticket sites Monday. That’s great news for the box office. Fans complained on social media Monday that ticket sites such as AMC were backed up. This delayed them from getting advance tickets to the newest film featuring the web-slinging hero, which hits theaters
Continue ReadingBy Jeanne Sahadi, CNN Business Tax-free savings in retirement are great to have at your disposal. But provisions in the Build Back Better bill would limit some of the ways to accrue them in the future — at least for high-income savers. The provisions are included in the version of the bill that recently passed
Continue ReadingBy Reuters As global markets fell last week on news of the new Omicron coronavirus variant, one cryptocurrency with the same name soared after the Greek letter entered the investor lexicon. The price of the hitherto-obscure digital token, whose Twitter feed has little more than 1,000 followers, rose almost ten-fold from Friday to Monday morning
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN Business Jack Dorsey, the cofounder and public face of Twitter, will step down from his role as CEO, effective immediately, the company announced Monday. Dorsey will remain a member of Twitter’s board until at least next year. Parag Agrawal, Twitter’s chief technology officer, will take over as CEO. “I’ve
Continue ReadingCNN, CNNBUSINESS By Paul R. La Monica, CNN Business So much for a year-end Santa Claus rally? The broader market has pulled back in the past week as worries about the Omicron variant of Covid-19 have rattled investors’ confidence. These latest coronavirus concerns have traders wondering if this is finally the end of the long
Continue ReadingBy Anneken Tappe, CNN Business Stocks made a comeback Monday, bouncing back from the steep selloff at the end of last week, when investors feared the Omicron Covid variant could disrupt the global economic rebound. Reports of the new Omicron variant of the coronavirus brought back memories of last summer when the fast-spreading Delta variant
Continue ReadingBy Paul R. La Monica, CNN Business Fears about the Omicron variant of Covid-19 rattled the world’s financial markets Friday and early Monday morning. But shares of the major coronavirus vaccine makers were getting a boost from the latest pandemic jitters. Moderna soared more than 20% during Black Friday’s abbreviated session of trading on Wall
Continue ReadingBy Brian Fung, CNN Business Jack Dorsey, the cofounder and public face of Twitter, will step down from his role as CEO, effective immediately, the company announced Monday. Dorsey will remain a member of Twitter’s board until at least next year. Parag Agrawal, Twitter’s chief technology officer, will take over as CEO. “I’ve decided to
Continue ReadingBy Peter Valdes-Dapena, CNN Business Bugatti, the French manufacturer of $3 million supercars, is over a century old. But now it faces what may be the most difficult maneuver it has ever had to carry out: transitioning to an electric future. The man now taking the wheel at Bugatti is Mate Rimac, a 33-year-old Bosnian-born
Continue ReadingCNN, CNN BUSINESS By Peter Valdes-Dapena, CNN Business Bugatti, the French manufacturer of $3 million supercars, is over a century old. But now it faces what may be the most difficult maneuver it has ever had to carry out: transitioning to an electric future. The man now taking the wheel at Bugatti is Mate Rimac,
Continue ReadingCNN By Jordan Valinsky, CNN Business Fans have noticed that an episode of the Simpsons that features a scene in Tiananmen Square is missing from Disney+ in Hong Kong. In the 2005 episode “Goo Goo Gai Pan,” the family travels to China to adopt a baby. The Simpsons clan stops in Beijing’s Tiananmen Square where
Continue ReadingBy Jordan Valinsky, CNN Business Fans have noticed that an episode of the Simpsons that features a scene in Tiananmen Square is missing from Disney+ in Hong Kong. In the 2005 episode “Goo Goo Gai Pan,” the family travels to China to adopt a baby. The Simpsons clan stops in Beijing’s Tiananmen Square where they
Continue ReadingBy Julia Horowitz, CNN Business Wall Street despises uncertainty. The less information investors have, the harder it is to make decisions about how to position for the future. Unfortunately, this is an example of peak ambiguity. Traders have been left in the lurch as the world rushes to respond to the discovery of the new
Continue ReadingCNN By Paul R. La Monica, CNN Business Fears about the Omicron variant of Covid-19 rattled the world’s financial markets Friday and early Monday morning. But shares of the major coronavirus vaccine makers were getting a boost from the latest pandemic jitters. Moderna soared more than 20% during Black Friday’s abbreviated session of trading on
Continue ReadingCNN By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Friday’s satirical headline by The Onion said it best: “Nation Nearly Strings Together 3 Good Days In Row.” The blessing of Thanksgiving on Thursday was followed by a curse
Continue ReadingOpinion by Jen Easterly for CNN Business Perspectives Cyber Monday is here, and while millions of Americans will be looking for the best deals the internet has to offer, cyber criminals will be hard at work looking to target online shoppers. The holiday shopping season is a prime opportunity for bad actors to take advantage
Continue ReadingBy Michelle Toh and Mark Thompson, CNN Business Stocks in Asia fell on Monday while European markets and US futures edged higher as investors continued to digest news about a new Covid-19 variant. Japan’s Nikkei 225 closed down about 1.6%, while Hong Kong’s Hang Seng Index fell nearly 1%. European markets rebounded slightly from heavy
Continue ReadingCNN By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. One of President Biden’s many fights right now is a fight against perceptions: Of economic peril, a never-ending pandemic, and his own political weakness. In recent speeches, he is
Continue ReadingBy Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Friday’s satirical headline by The Onion said it best: “Nation Nearly Strings Together 3 Good Days In Row.” The blessing of Thanksgiving on Thursday was followed by a curse on
Continue ReadingBy Ramishah Maruf, CNN Business The Ahmaud Arbery trial may not have happened without Larry Hobbs, a writer and reporter at The Brunswick News in Georgia. “Every national and global news story begins locally, sometimes with a single reporter who’s determined to follow up and get to the truth,” CNN’s chief media correspondent Brian Stelter
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