Money

By Paul R. La Monica, CNN Business The bloodbath in the cryptocurrency market is taking a gigantic toll on online brokerage stocks Robinhood and Coinbase. Shares of both companies, which each went public last year, slid Monday to new all-time lows before bouncing back. Robinhood ended Monday up 1% after plunging earlier along with the

By Ramishah Maruf, CNN Business A cruise ship heading to Miami changed course to the Bahamas Saturday after a US judge issued an arrest warrant for the ship due to unpaid fuel bills. If the Crystal Symphony had continued course to Miami, it would have been seized by authorities. So it headed to Bimini instead,

By Nathaniel Meyersohn, CNN Business Kohl’s stock surged nearly 35% in midday trading Monday following reports that at least two different buyers are looking to take the retailer private. On Friday, Kohl’s received an unsolicited $9 billion bid to go private from a consortium backed by activist investor Starboard Value LP, according to published sources.

By Paul R. La Monica, CNN Business Forget about all the boardroom intrigue on “Succession” and “Billions.” Real-life companies are facing a lot more drama than anyone on those popular shows. Struggling companies have one more reason to watch their backs. Several of them now have to contend with pesky activist shareholders — the so-called

By Peter Valdes-Dapena, CNN Business If you picture a typical Rolls-Royce owner, you probably imagine someone with white hair and maybe also white golf shoes. These are, after all, huge, cushy cars designed for comfort, just the sort of thing you’d think rich retirees would enjoy. But if you ask Rolls-Royce customers, the true purpose

By Jeanne Sahadi, CNN Business If you use payment apps like Venmo, PayPal or CashApp, the new year ushered in a change to an IRS tax reporting rule that could apply to some of your transactions. The new rule, which took effect January 1, doesn’t impose any additional taxes on payment app users. But it

By Chris Boyette, CNN A Connecticut man has been arrested and lost his job after video surfaced of him yelling at employees of a smoothie shop Saturday, where he claimed his son received a drink with peanut butter, causing a severe allergic reaction sending him to the hospital. According to Fairfield Police, James Iannazzo picked

By Reuters, Sonia Moghe and An Phung A judge on Monday delayed Sarah Palin’s defamation trial against The New York Times by 10 days to February 3, after the 2008 Republican U.S. vice presidential candidate and former Alaska governor tested positive for the coronavirus. The delay was announced by U.S. District Judge Jed Rakoff in

Opinion by Mark Zandi for CNN Business Perspectives The pandemic continues to call the shots for the economy. Each wave of the virus has done significant damage, with Omicron now hitting the economy hard. December retail sales slumped as households pulled back on spending, including travel, dining out at restaurants and attending Broadway shows. The