Money

It’s been 365 days since George Floyd was murdered by a police officer on a Minneapolis street. Many of the city’s residents and small business owners that serve them are still reeling from the fallout. Local business leaders say rising crime and a divided state government have obstructed their city’s ongoing recovery from both the

HSBC CEO Noel Quinn isn’t buying into the bitcoin craze. The chief executive told Reuters in an interview this week that his bank has no plans to launch a cryptocurrency trading desk, and “given the volatility, we are not into bitcoin as an asset class.” HSBC confirmed Quinn’s remarks to CNN Business but declined to

Bitcoin and other cryptocurrencies plunged earlier this month after Elon Musk said Tesla would stop accepting bitcoin as payment for its vehicles because of the huge amount of energy needed to mine bitcoin. But Musk might be having a slight change of heart. The Tesla and SpaceX CEO tweeted late Monday that he spoke with

Florida Gov. Ron DeSantis took a swipe at Big Tech on Monday as he signed a hot-button state bill targeting how digital platforms moderate online content. The legislation marks one of the biggest steps yet by a Republican governor to act on allegations of online censorship at the hands of companies such as Facebook, Google

Central banks were the superheroes of the early phase of the pandemic, taking dramatic steps to save the economy and financial markets from ruin. Now, as the recovery kicks into gear, they’ve become a major risk for investors. What’s happening: The latest reading of the Back-to-Normal Index from CNN Business shows that the US economy’s

Twitter’s decision to label a tweet from a leading member of India’s governing party as “manipulated media” could make things even harder for the company in a key market. Police visited Twitter’s offices in the capital Delhi and nearby city of Gurugram late on Monday to order the social media giant to cooperate with an

A British clothing retailer has come under fire for trademarking the name of the west African Yoruba people several years ago, igniting a debate online about whether trademarking names of ethnic groups amounts to cultural appropriation. Timbuktu, an outdoor clothing brand based in northern England, filed to trademark the word “Yoruba” in 2015, records from

Dozens of people took to Twitter on Monday to say they received emails with a racial slur from a Walmart account after someone created fake accounts with their addresses on the company’s site. An auto-generated “Welcome to Walmart” email, which was sent to the accounts after they were signed up for a Walmart shopping account,

The Fed is getting serious about the digital US dollar. Lael Brainard, a member of the Federal Reserve Board of Governors, laid out a case for a secure, central bank-backed digital currency that could create a more efficient payment system and expand financial services to Americans who have been underserved by traditional banks. “Today, the

Virgin Galactic’s successful test flight to the edge of space Saturday has helped to get its stock climbing again. Shares of Virgin Galactic shot up 20% in midday trading Monday after Saturday’s flight. The stock is up more than two-thirds from where it bottomed out earlier this month. The flight carried two pilots to an

The Ed Sullivan Theater has been silent since March of 2020. Next month, that’s all going to change. “The Late Show with Stephen Colbert” will welcome back a full audience on June 14. It will be the first time in more than a year that the show will be filmed in front of a live

In recent weeks, investors have poured money into bets on raw materials like steel and iron ore, confident that limits to supply and massive post-pandemic demand would trigger one of the biggest price spikes in decades. Now, thanks to action from China, the frenzy may be on hold. What’s happening: Five top Chinese regulators announced