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By Paul R. La Monica, CNN Business Stocks may be making a comeback lately. Ditto for bitcoin and other cryptocurrencies. But one speculative corner of the market is still in the doldrums: SPACs. Remember all those special purpose acquisition companies that went public and then bought private firms? These so-called blank check deals were all
Continue ReadingBy Ramishah Maruf, CNN Few people get married thinking they’re going to get divorced. Or about divvying up money or assets after a marriage ends. But more brides- and grooms-to-be are considering that scenario, especially when it comes to prenuptial agreements. Prenups are often met with preconceived notions of a lack of trust or a
Continue ReadingBy Brian Fung and Clare Duffy, CNN Business Apple users could soon install apps outside the App Store. WhatsApp users could message or video call friends using Telegram, and vice versa. And the search results users see on Google could change, with potentially major repercussions for smaller online businesses. These are just some of the
Continue ReadingBy Frank Pallotta, CNN Business Will Smith striking Chris Rock at Sunday’s Academy Awards will go down as one of the most shocking moments in Oscars history. And Brian Snyder was there to document it. The Reuters photojournalist was one of the photographers who captured the moment Sunday and his photo — which captured Smith
Continue ReadingBy Anneken Tappe, CNN Business The worker shortage has been a hallmark of the pandemic economy — and it’s far from getting resolved. In February, US businesses had 11.3 million job openings to fill, slightly more than economists had predicted. The level of available positions was little changed from the start of the year but
Continue ReadingBy Reuters Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight. An unnamed investor sold 599 million shares on Monday evening, facilitated by Goldman Sachs. The shares are roughly equivalent to
Continue ReadingBy Matt Egan, CNN Business US oil prices briefly tumbled below $100 a barrel on Tuesday but the losses proved fleeting as investors try to make sense of the latest diplomatic developments in the war in Ukraine. The selloff began after Russia indicated it will dial back its assault in parts of Ukraine, easing energy
Continue ReadingBy Anna Bahney, CNN Business Home prices continued to surge higher in January. Prices rose 19.2% in January from the year before, up from an 18.9% annual increase in December, according to the S&P CoreLogic Case-Shiller US National Home Price Index. Phoenix, Tampa and Miami reported the highest annual gains among the 20 cities in
Continue ReadingBy Charles Riley, CNN Business In the weeks since Russia invaded Ukraine, Moscow has continued to ship natural gas westward and Europe has used the energy to power industry and heat homes. That may be about to change. President Vladimir Putin has demanded that “unfriendly” countries start paying for natural gas with rubles rather than
Continue ReadingBy Julia Horowitz, CNN Business One month ago, when Russia’s war in Ukraine erupted, fearful investors yanked their money out of riskier bets and sought safer places to park their cash. Now, in the final days of a turbulent quarter, there are signs that confidence is returning. What’s happening: Bitcoin has erased its losses for
Continue ReadingCNN, CNN BUSINESS By Julia Horowitz, CNN Business As Wall Street regains its footing following the invasion of Ukraine, stocks have been staging a steady comeback. But the market for US government bonds remains tumultuous, flashing a recession signal that’s historically caused investors to worry. What’s happening: Yields on the two-year Treasury note, which move
Continue ReadingScott Galloway, for CNN Business Perspectives Similar to “the internet” or “cryptocurrency” in their infancy, the term “Web3” has entered the public discourse before being widely understood. However, Web3 might be the haziest and most vague of the bunch. Web3 promoters would say it’s a new version of the internet that is owned by users
Continue ReadingCNN Scott Galloway, for CNN Business Perspectives Similar to “the internet” or “cryptocurrency” in their infancy, the term “Web3” has entered the public discourse before being widely understood. However, Web3 might be the haziest and most vague of the bunch. Web3 promoters would say it’s a new version of the internet that is owned by
Continue ReadingBy Anneken Tappe, CNN Business Soaring prices are weighing on consumer sentiment, but Americans have not cut back on their spending — at least not yet. Now, some economists worry that along with the tight labor market and rising wages, high inflation could become a self-fulfilling prophecy. America’s job market is on fire, and most
Continue ReadingBy Parija Kavilanz, CNN Business Russia’s refusal to rule out nuclear war has put the world in an unsettling reality: The unthinkable is suddenly a possibility — if extremely remote. One drugmaker, Partner Therapeutics, isn’t waiting to take action. The company said it is helping to ramp up supply in Europe of Leukine, a drug
Continue ReadingBy Jeanne Sahadi, CNN Business The practical, financial and emotional difficulties of being a refugee are unfathomable. But for the millions of people who have fled Ukraine since Russia invaded, one obstacle may be somewhat easier to tackle in the coming months: Making a living. Businesses and organizations from all over are creating free online
Continue ReadingBy Frank Pallotta, CNN Business The 94th Academy Awards featured one of the most shocking moments in the show’s long history. It also included a significant ratings bump for ABC. The show drew an average of 15.3 million viewers for ABC on Sunday, according to early Nielsen numbers. That’s a 56% increase from last year’s
Continue ReadingCNN, CNN BUSINESS By Catherine Thorbecke and Jackie Wattles, CNN Pete Davidson was initially slated to be the next headline-grabbing name to take flight aboard the suborbital space tourism rocket developed by Jeff Bezos’ company, Blue Origin, after the commercial space company launched several other famous faces on its previous flights. But the comedian abruptly
Continue ReadingBy Matt Egan, CNN Business The House Oversight Committee launched a probe Monday into Credit Suisse, demanding documents linked to the bank’s compliance with sanctions on Russian oligarchs. In a letter to Credit Suisse CEO Thomas Gottstein, US lawmakers asked the bank to turn over information and documents about a portfolio of loans backed by
Continue ReadingBy Paul R. La Monica, CNN Business Tech stocks have taken a tumble this year, but some investing experts say there are now plenty of good values in the sector. You just have to look beyond the increasingly tired MT. FAANG stocks. The FAANG part of the acronym refers to the first letters of the
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