CNN - Business/Consumer Archives - Page 722 of 910

A customer walks past plywood for sale at a Home Depot store on May 27

The Dow’s top stock of 2021 is off to a rough start this year

February 22, 2022 8:59 AM CNN Newsource

By Paul R. La Monica, CNN Business Home Depot was the Dow’s best-performing stock in 2021, soaring more than 55% thanks to strong demand from consumers in what was a red hot housing market. But shares are off to a bumpy start this year. Shares of Home Depot have fallen 24% because of fears about

Bahrain's world trade center and the skyline of the capital Manama in December 2020.

The Middle East already has a crypto hub, and it’s not Dubai

February 22, 2022 8:56 AM CNN Newsource

By Eoin McSweeney, CNN When the world’s biggest cryptocurrency exchange decided in December to set up an advisory body in Dubai, local bitcoin enthusiasts celebrated. Binance’s presence would be the jewel in the city’s crypto crown as it tried to position itself as a hub for the digital asset. The crypto exchange’s CEO Changpeng “CZ”

Traders work on the floor of the New York Stock Exchange at the opening bell on February 22 in New York.

Dow falls more than 460 points as Russia-Ukraine worries sink sentiment

February 22, 2022 8:11 AM CNN

By Paul R. La Monica, CNN Business Wall Street’s attempt for a Wednesday rally failed, with stocks closing broadly lower on continued worries about the likelihood of an imminent invasion of Ukraine by Russia. The Dow closed down more than 464 points, or 1.4%, after opening the session higher. It was a broad-based slide, with

Elon Musk accuses the SEC of illegally leaking details of its Tesla investigation

February 22, 2022 8:02 AM CNN Newsource

By Chris Isidore, CNN Business Tesla CEO Elon Musk is escalating his battle with the Securities and Exchange Commission, accusing a staff member of illegally leaking the results of an investigation. Musk said the regulator is trying to “weaponize” an earlier consent decree he and Tesla signed “for illicit ends.” The allegations in a court

Single family homes line the streets of Clairemont on Tuesday

Home prices skyrocketed last year. Two regions saw the biggest increases

February 22, 2022 8:01 AM CNN Newsource

By Anna Bahney, CNN Business Home prices rose 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially ahead of 2020’s 10.4% gain. All regions saw price gains last year, but increases were strongest in the South and the Southeast, each

HARD MTN DEW is launching first in Tennessee

Here’s where you can get boozy Mountain Dew first

February 22, 2022 7:49 AM CNN Newsource

By Jordan Valinsky, CNN Business The highly anticipated arrival of boozy Mountain Dew is finally here, but not everyone will be able to get it at first. HARD MTN DEW is launching Tuesday at select retailers in Tennessee, Florida and Iowa. Availability of the sugar-free, spiked seltzer will expand to more states later this year

The receiving station of the Nord Stream 2 gas pipeline near Lubmin

Germany halts Nord Stream 2 and Russia responds with a stark warning

February 22, 2022 6:20 AM CNN Newsource

By Charles Riley and Julia Horowitz, CNN Business The West showed Tuesday it was ready to target Russia’s huge energy industry — even at the risk of hurting itself — after Moscow ordered troops into parts of eastern Ukraine. Germany said it was halting certification of the Nord Stream 2 gas pipeline following Moscow’s actions

A resident watches a live broadcast of Russian President Vladimir Putin on Monday

Russia is already paying a hefty financial price for its aggression

February 22, 2022 6:14 AM CNN Newsource

By Charles Riley, CNN Business Russian stocks whipsawed and the ruble rebounded from a near-record low on Tuesday as investors reacted to President Vladimir Putin’s decision to order troops into eastern Ukraine. Moscow’s MOEX stock index pared heavy losses after shedding more than 10% on Monday, bringing losses so far this year to about 20%.

Russia is already paying a hefty financial price for its aggression

February 22, 2022 6:14 AM CNN

By Charles Riley, CNN Business Russian stocks plunged and the ruble slid closer to a record low on Tuesday as investors reacted to President Vladimir Putin’s decision to order troops into eastern Ukraine. Moscow’s MOEX stock index dropped 4% after shedding more than 10% on Monday, bringing losses so far this year to over 20%.

A "Rent" sign is displayed on an apartment building in Miami

Buying is more affordable than renting in these cities

February 22, 2022 5:45 AM CNN Newsource

By Anna Bahney, CNN Business Across the US rent is rising so fast that in many cities buying has become more affordable than renting, even with sky-high home sale prices. The national median rental price jumped 19.8% in January from a year ago, marking the eighth straight month of double-digit increases, according to a report

Bitcoin and other major cryptocurrencies have been feeling the heat this week as tensions between Russia and Ukraine escalate and investors shun riskier assets.

Bitcoin plunges below $37,000 as tensions between Russia and Ukraine climb

February 22, 2022 3:15 AM CNN Newsource

By Diksha Madhok, CNN Business Bitcoin and other major cryptocurrencies have been feeling the heat this week as tensions between Russia and Ukraine escalate and investors shun riskier assets. On Tuesday, bitcoin was trading at $36,649 at 2:30 a.m. ET, falling nearly 6.5% in the last 24 hours, according to data from CoinDesk. The world’s

HSBC announced plans February 22 to buy back up to another $1 billion in shares as it outlined a "significantly" brighter outlook due to the prospect of rising interest rates around the world.

HSBC is handing another $1 billion to investors as profits soar

February 22, 2022 2:33 AM CNN Newsource

By Michelle Toh, CNN Business HSBC announced plans Tuesday to buy back up to another $1 billion in shares as it outlined a “significantly” brighter outlook due to the prospect of rising interest rates around the world. The buyback is on top of an existing $2 billion program the global bank announced last October. On

A Russian family watches a Russian President Vladimir Putin address to the Nation on what is happening in the Donbas and on the border with Ukraine in Moscow

Putin is putting on a show, and he has a stranglehold on Russian media

February 22, 2022 12:47 AM CNN Newsource

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. Russian President Vladimir Putin put on a show on Monday — first with a Security Council meeting that was likened to a Netflix drama, then a long speech that was

Putin is putting on a show, and he has a stranglehold on Russian media

February 22, 2022 12:47 AM CNN

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. Russian President Vladimir Putin put on a show on Monday — first with a Security Council meeting that was likened to a Netflix drama, then a long speech that was

Stock futures fell off a cliff Monday evening as tensions rise between Ukraine and Russia.

Stocks slide as Putin orders troops into Ukraine. Oil prices near $100 per barrel

February 21, 2022 6:20 PM CNN Newsource

By Laura He and Rob McLean, CNN Business Global stock markets tumbled and crude oil prices surged to $99 per barrel on Tuesday after Russia ordered troops into parts of eastern Ukraine. Wall Street also fell as traders returned from the holiday weekend, but stocks finished off their lows of the day. The Dow briefly

Global stocks slide as Putin orders troops into Ukraine. Oil prices near $100 per barrel

February 21, 2022 6:20 PM CNN

By Laura He and Rob McLean, CNN Business Global stock markets tumbled and crude oil prices surged to $99 per barrel on Tuesday after Russia ordered troops into parts of eastern Ukraine. European markets dropped in early trading. The FTSE 100 dipped 0.4% in London, while France’s CAC 40 shed 0.8%. Germany’s DAX tumbled 1.4%.

Fox’s Neil Cavuto said a second case of Covid-19 nearly killed him

February 21, 2022 3:00 PM CNN

By Oliver Darcy, CNN Business Neil Cavuto, an immunocompromised Fox anchor who has dissented from the loudest voices at the right-wing network and spoken out in favor of Covid-19 vaccines, revealed on Monday that he had been hospitalized for weeks with a serious case of coronavirus and nearly died. Cavuto, who is vaccinated, had previously

Fox’s Neil Cavuto said a second case of Covid-19 nearly killed him

February 21, 2022 1:34 PM CNN Newsource

By Oliver Darcy, CNN Business Neil Cavuto, an immunocompromised Fox anchor who has dissented from the loudest voices at the right-wing network and spoken out in favor of Covid-19 vaccines, revealed on Monday that he had been hospitalized for weeks with a serious case of coronavirus and nearly died. Cavuto, who is vaccinated, had previously

Lufthansa Airbus A319 aircraft as seen flying and landing at Brussels Zaventem International Airport BRU in the Belgian capital on January 30

Airlines cancel Ukraine flights as threat of war grows

February 21, 2022 8:13 AM CNN

By Anna Cooban, CNN Business Air France and Lufthansa are the latest airlines to suspend flights into Ukraine as fears of a Russian invasion grow. The French carrier said that it would cancel flights to and from the capital Kyiv on Tuesday as a “precautionary measure,” citing the security situation. “Air France will regularly reassess

Airlines cancel Ukraine flights as threat of war grows

February 21, 2022 8:13 AM CNN Newsource

By Anna Cooban, CNN Business Air France and Lufthansa are the latest airlines to suspend flights into Ukraine as fears of a Russian invasion grow. The French carrier said that it would cancel flights to and from the capital Kyiv on Tuesday as a “precautionary measure,” citing the security situation. “Air France will regularly reassess

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