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By Diksha Madhok, CNN Business BlackRock’s new investment fund in China — the first owned entirely by a foreign firm — has attracted $1 billion from Chinese investors in its first week. The world’s largest asset manager said Wednesday that the fund — which has now raised 6.68 billion yuan — was officially established this

By Julia Horowitz, CNN Business The 30,000 aluminum tins were supposed to show up in a 20-foot shipping container in July. Months later, they haven’t arrived — and SJ Hunt, the co-founder of Lavolio, a boutique confectionery in London, is starting to panic. The made-to-order boxes, which Lavolio packs with fruit, nut and jelly-filled chocolates,

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. It’s happening from Fox to CNN, from The New York Times to the Los Angeles Times. And it’s happening on two tracks simultaneously. Vaccinated America is learning how to live

By Lauren M. Johnson and David Williams, CNN Restaurants across the country are struggling to find employees, so one establishment in Dallas decided to hire robots to help pick up the slack. It was a “no-brainer,” said Espartaco Borga, the owner of La Duni since 2001, who told CNN he’s never seen the industry in

By Peter Valdes-Dapena, CNN Business At a Munich auto show Monday, Volkswagen unveiled the ID. Life, a tiny, boxy electric SUV, designed for driving on tight city streets. It’s just an endearingly cute concept vehicle now, but VW plans to put something like it into production around 2025. Priced for young, first-time car buyers, the

By Anneken Tappe It’s a volatile day for bitcoin, which briefly fell by more than 10% Tuesday — below the $43,000 mark. The drop comes after El Salvador made good on a plan announced in June and adopted the cryptocurrency as legal tender, making it the first country in the world to do so. The

By Matt Egan Video game CEO John Gibson stepped down from the helm of Tripwire Interactive after his support of the Texas abortion law created a firestorm. Tripwire, which publishes games including “Chivalry 2,” said in a statement Monday that Gibson has stepped down and that his views don’t reflect those of the company. “His

By Anneken Tappe, CNN Business As abortion rights advocates scramble to fight a Texas law that effectively bans abortion in the state, economists are drawing attention to the financial hardships — and subsequent economic downsides — that can occur when women’s reproductive rights are restricted. The effects having children can have on a woman’s career

By Jeanne Sahadi, CNN Business The pandemic has made it very clear to everyone that life doesn’t go as planned. It’s also been a bracing reminder that we could die way sooner than expected. And that means you could inadvertently leave people you love in the lurch. Which brings us to one of the least

By Chauncey Alcorn, CNN Business Wayne Encalarde’s utility truck and trailer were parked in New Orleans’ Ninth Ward 16 years ago when Hurricane Katrina’s floodwaters ravaged the city and all but completely destroyed the neighborhood. The 68-year-old, a plumber and owner of the local Wayne Jude Encalarde plumbing and public works business, says the deadly

By Julia Horowitz, CNN Business Regulators are worried about all the people plugging cryptocurrencies online. That includes Kim Kardashian, beauty and fashion mogul and influencer extraordinaire. Charles Randell, chair of the UK Financial Conduct Authority, called out Kardashian in a colorful speech Monday. He started out by suggesting that the internet was full of …

By Julia Horowitz, CNN Business George Soros, the billionaire financier and philanthropist, thinks BlackRock has made a huge miscalculation on China. What’s happening: Soros called out the world’s largest asset manager in an op-ed published by the Wall Street Journal on Monday titled “BlackRock’s China Blunder.” BlackRock recently started offering investment products to individual Chinese

By Kristin Fisher, CNN Russia’s space chief was watching as billionaires Jeff Bezos and Richard Branson blasted into space aboard vehicles they helped fund — and wishing Russian oligarchs would follow suit. “Our millionaires prefer to invest more in yachts rather than in spaceships,” Dmitry Rogozin told CNN in his first interview with Western media