Category Archives: CNN – Business

Small stocks are getting crushed. That’s a bad sign for the economy

Small stocks are getting crushed. That’s a bad sign for the economy

Smaller American companies are getting crushed in the stock market’s recent wild swings. That could be an ominous sign for the economy. The Russell 2000 index, home to companies like Crocs, BJ’s Wholesale and others with an average market valuation of about $3 billion, is now trading more than 10% below its 52-week high. That…MORE

CNN fires Chris Cuomo

CNN fires Chris Cuomo

CNN said Saturday that anchor Chris Cuomo has been “terminated” by the network, “effective immediately.” The announcement came after an outside law firm was retained to review information about exactly how Cuomo aided his brother, former New York Gov. Andrew Cuomo, when the then-governor was accused of sexual harassment. CNN said in a statement: “Chris…MORE

Former Netflix engineer and accomplice sentenced to prison for insider trading

Former Netflix engineer and accomplice sentenced to prison for insider trading

A former Netflix software engineer and his best friend were sentenced Friday for securities fraud, the US Attorney’s Office in the Western District of Washington announced. Their roles in an insider trading ring illegally generated more than $3 million, US attorney Nick Brown said. Sung Mo Jun, 49, was sentenced to two years in prison…MORE

Bitcoin plunges overnight
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Bitcoin plunges overnight

Bitcoin prices plummeted overnight to a low of about $43,000. As of 10:30 am EST Saturday, the cryptocurrency had dropped more than 13% in the previous 24 hours, from $56,294 to $48,309 — a loss of almost $8,000. That’s a stark contrast from its all-time high of just last month, when Bitcoin reached almost $69,000…MORE

Man-made diamonds are the new engagement ring trend

Man-made diamonds are the new engagement ring trend

For many couples who recently cemented their commitment to each other with an engagement, the choice of ring featured not natural but man-made gemstones — including the center diamond. While a diamond continues to be the most popular type of engagement stone, nearly one in four engagement rings in 2021 featured a man-made center stone,…MORE

How Costco, Sam’s Club and BJ’s won the pandemic
Joe Raedle/Getty Images

How Costco, Sam’s Club and BJ’s won the pandemic

Few companies have gained more of an advantage during the pandemic than America’s warehouse club giants. During the early days of Covid, shoppers flooded into Costco, BJ’s and Sam’s Club — which were deemed “essential” businesses and stayed open through lockdowns — to load up on groceries and household staples such as toilet paper. Those…MORE

Banning US oil exports would be a ‘gift to OPEC and Putin,’ Big Oil CEO says
Simon Dawson/Bloomberg/Getty Images

Banning US oil exports would be a ‘gift to OPEC and Putin,’ Big Oil CEO says

President Joe Biden has already launched the biggest intervention into energy markets in a decade. Big Oil is nervous he’s not nearly done yet. For weeks, Democrats have been calling for Biden to go even further than releasing strategic oil reserves by banning US oil companies from shipping oil overseas. Despite pressure from lawmakers in…MORE

The Tesla ‘Cyberquad’ ATV still isn’t on sale, but a kid version is

The Tesla ‘Cyberquad’ ATV still isn’t on sale, but a kid version is

As Elon Musk wrapped up his presentation of the Tesla Cybertruck back in November 2019, he had one more thing he still wanted to show off. “Oh, yeah. We also made an ATV,” he said, as if he had nearly forgotten about it. A rider came out in an electric four-wheeled all-terrain vehicle and rode…MORE

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