CNN – Business/Consumer

By Paul R. La Monica, CNN Business The current mood on Wall Street can only be described in one way: euphoric. All the major stock market indexes are at record highs. The Nasdaq is on an eleven-day winning streak. Bond yields remain relatively low. And cryptocurrencies like bitcoin and ethereum are at all-time highs too.

By Radina Gigova, CNN Ukraine’s English-language newspaper, the Kyiv Post, has suspended publication after 26 years. Adnan Kivan, the publisher of the Kyiv Post, said the newspaper will close immediately “for a short time” and Chief Editor Brian Bonner “will retire after closing down the operations of the newspaper.” Kivan, a businessman based in Odessa,

By Paul R. La Monica and Chris Isidore, CNN Business General Electric, the industrial conglomerate founded by Thomas Edison in 1892, is breaking up. GE announced plans Tuesday to split into three separate companies. GE will become separate, publicly traded companies for its aviation, healthcare and energy businesses. The company said it hopes to spin

By Rob McLean, CNN Business Two cryptocurrencies have hit new milestones. Bitcoin hit an all-time high of $68,530.34 early Tuesday, according to CoinMarketCap. That’s just a few weeks after it hit a previous high of nearly $67,000 before sliding as much as 12%. Meanwhile, Ethereum also hit a record — rising to $4,837.59, according to

By Sherry Liang, CNN First came the billionaires, then the movie stars — now ketchup is making its mark on the space race. Heinz revealed its first “Marz Edition” ketchup with tomatoes produced on Earth in Mars-like conditions. A team of 14 astrobiologists worked for nine months at the Aldrin Space Institute at the Florida

By Chris Isidore, CNN Business If and when Elon Musk sells a large chunk of his Tesla shares, it’ll probably have relatively little to do with a Twitter poll among his loyal followers — and everything to do with a looming multi-billion-dollar tax bill. Musk published a Twitter poll over the weekend, noting that because

By Jeanne Sahadi, CNN Business The idea of making money on the side from owning a rental property can be very appealing, especially if you view the venture as a possible way to quit your day job eventually or subsidize your income when you retire. But becoming a landlord is not for the faint of

By Julia Horowitz, CNN Business French oil giant Total made waves early this year when it broke with the American Petroleum Institute, the largest and most powerful oil lobby in the United States, because of its stance on climate issues. BP’s pledge to slash oil production by 40% this decade has put it ahead of

By Paul R. La Monica, CNN Business The individual investor army on Reddit that helped push GameStop and AMC to unprecedented heights earlier this year has found some more companies to rally around. Several stocks that have enjoyed extraordinary pops lately, such as Avis Budget and Bed Bath & Beyond, have become so-called meme stocks

By Matt Egan, CNN Business Randal Quarles, previously the top Federal Reserve official overseeing Wall Street, announced plans Monday to resign in December. The news creates another vacancy at the Fed, giving President Joe Biden further room to reshape one of the most powerful institutions in the world. In a letter to Biden, Quarles cited

By Matt Egan, CNN Business Sticker shock is causing anxiety for millions of Americans right now, with prices soaring for gasoline, groceries and used cars. Unfortunately, it’s going to take longer than expected to work out the supply-demand imbalances at the heart of inflation, Goldman Sachs warned clients Sunday night. “The inflation overshoot will likely

By Danielle Wiener-Bronner, CNN Business DoorDash customers can now get national shipping from Carbone, Katz’s Deli and other restaurants across the country. Here’s how it works: DoorDash and Caviar users will see a “Nationwide Shipping” carousel in their apps. Once they click through, they can select what they want from participating restaurants. They can then

By Anna Bahney, CNN Business Cosmos and Charisma Onyeyiri weren’t looking to sell their home. But skyrocketing home prices in Austin this summer had them curious: What would the home they bought for $360,000 two years ago sell for now? “We just had a baby. It was going to take a lot to get us