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Shoppers buy supplies at a grocery store during the blackout after Hurricane Ida in New Orleans

New Orleans businesses survived Katrina and Covid. Now they’re contending with Ida

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

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George Soros

George Soros calls out BlackRock’s ‘China blunder’

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

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