Money

As leaders of most of the world’s largest economies gather in Cornwall, England, expect political fanfare and lots of attention on US President Joe Biden, who is seeking to reassert America’s dominance on the global stage. But there are plenty of issues up for discussion among the Group of Seven — which includes Canada, France,

Didi, China’s giant ride-hailing company, filed paperwork for an initial public offering in the United States with the Securities and Exchange Commission on Thursday. The company, which describes itself as the world’s largest mobility platform, offers ride hailing, taxi and carpooling services in China and other countries, including Brazil and Mexico. Didi is also investing

It was supposed to be an exciting trip home to surprise his parents in the United States, his family said. But on May 24, before he boarded the plane at Yangon International Airport, in Myanmar’s biggest city, Danny Fenster, 37, was stopped by security forces and inexplicably taken into custody. Four months earlier, Myanmar’s military

Taiwanese officials are fretting about whether a severe outbreak of Covid-19 could jeopardize the island’s critical role in the global semiconductor supply chain. But there’s another threat to the industry that experts worry may have even more drastic consequences: the climate crisis. Taiwan — which accounts for more than half of the world’s output of

Jeffrey Toobin returned to CNN as the network’s chief legal analyst on Thursday, eight months after he exposed himself during a Zoom call with colleagues at The New Yorker. Toobin was interviewed by anchor Alisyn Camerota on “CNN Newsroom” about that incident, and about recent legal news. “I feel like we should address what’s happened

Hackers have broken into the systems of Electronic Arts, one of the world’s biggest video game publishers, and stolen source code used in company games, a spokesperson confirmed to CNN Business on Thursday. Online forum posts reviewed by CNN Business and vetted by an independent cybersecurity expert show that on June 6, hackers claimed to

New York’s local businesses were hit hard by the pandemic, so one Israeli immigrant, now a Brooklyn resident, created an online marketplace to bring life back to the city’s struggling stores. When Covid-19 hit the United States last year, Maya Komerov saw shoppers flock to Amazon at the expense of the small businesses in their

By now, you probably know that everything is getting more expensive. From furniture, to used cars, to uncooked beef roasts, consumer prices have grown steadily since January as the economy recovers and Americans are spending money again. Also sending prices higher: The ongoing pandemic has complicated supply chains, limiting supply, even as demand for goods

You’ve probably heard of the FAANG stocks: Facebook, Amazon, Apple, Netflix and Google owner Alphabet. But it’s the BANG stocks of Reddit WallStreetBets meme fame that are now taking the investing world by storm. BlackBerry. AMC. Nokia. GameStop. This quartet, along with others such as insurance startup Clover Health, mobile shopping app developer ContextLogic and

Jeff Bezos can have anything. He could circle the globe in a private jet or sail it forever in a fleet of megayachts. He could afford to buy a the whole NFL; he could buy an archipelago for his family and friends; he could buy over 65,000 Bugatti Chirons (base price $2.9 million), even though

BrewDog, one of the biggest UK craft beer producers, has apologized after dozens of former employees accused the company of fostering a “culture of fear” and fomenting “toxic attitudes towards junior staff.” In an open letter published on Wednesday, a group of more than 70 people describing themselves as former staffers said they felt “burnt

Jeff Bezos can have anything. He could circle the globe in a private jet or sail it forever in a fleet of megayachts. He could afford to buy a the whole NFL; he could buy an archipelago for his family and friends; he could buy over 65,000 Bugatti Chirons (base price $2.9 million), even though

Goldman Sachs is requiring its US employees to divulge to the company whether they’ve been vaccinated. The Wall Street bank told workers in a message earlier this week that “it is mandatory that you submit your vaccination status” by Thursday at noon ET. That message was sent only to employees who had not already done

Consumer prices roared higher last month, rising at their fastest pace in decades. Inflation rose 5% in the 12-months ending in May, the Bureau of Labor Statistics reported Thursday. That marked the biggest jump since August 2008. Stripping out food and energy costs, which tend to be more volatile, inflation stood at 3.8% over that