By Chris Isidore, CNN Business Could Wall Street’s love affair with Elon Musk be over? Six months ago Tesla shares were flying high. The company was valued at $1.1 trillion — more than a dozen other top automakers combined — and announcing plans for a proposed stock split. Then Musk disclosed he had become the
Continue Reading By Parija Kavilanz, CNN Business In the spirit of holiday cheer, here’s the good news first: Christmas tree farms say this year’s harvest looks good and they don’t expect shortages. But here’s the reality check. Expect to pay more for that perfect fir, pine or spruce compared to last year. As with so many products
Continue Reading By Parija Kavilanz, CNN Business In the spirit of holiday cheer, here’s the good news first: Christmas tree farms say this year’s harvest looks good and they don’t expect shortages. But here’s the reality check. Expect to pay more for that perfect fir, pine or spruce compared to last year. As with so many products
Continue Reading By Paul R. La Monica, CNN Business Stocks kicked off October with more treats than tricks for investors. The market rallied to begin the fourth quarter, despite growing worries about the financial health of European banking giant Credit Suisse and weak economic data. The Dow rose 765 points, or 2.7%. That was its biggest gain
Continue Reading
COLUMBIA, Mo. (KMIZ) The Missouri State Treasurer’s Office plans to give Missourians a chance to purchase some interesting items in Columbia this week. Officials will hold an unclaimed property auction at the Hilton Garden Inn Conference Center at 3200 Vandiver Dr. The auction is scheduled to start Monday and Tuesday at 9 a.m. each day.
Continue Reading By Nathaniel Meyersohn, CNN Business Freebies are back at the grocery store after a long pandemic hiatus. Trader Joe’s brought back in-store food samples at some stores on Saturday. Shoppers posted videos and photos on TikTok, Instagram and other social platforms of some of Trader Joe’s samples over the weekend, including granola and Halloween cookies.
Continue Reading By Jordan Valinsky, CNN Business Kentucky Fried Chicken is bringing back a fan favorite after a nearly decade-long hiatus. Beginning Monday, KFC is adding wraps to its menus at select Atlanta-area restaurants for a limited time. Fans have been demanding the company bring back the items previously called “KFC Twister Wraps” since they were pulled
Continue Reading By Chris Isidore and Matt Egan, CNN Business Kim Kardashian agreed to pay a $1.26 million fine to the Securities and Exchange Commission to settle civil charges after the reality TV star touted a crypto asset, EthereumMax, on Instagram. The SEC charged Kardashian with failure to disclose that she was paid $250,000 to publish her
Continue Reading By Parija Kavilanz, CNN Business Amazon on Monday launched a new shopping portal called Amazon Access that is designed for shoppers receiving government assistance. The shopfront features SNAP EBT on Amazon, information about the Amazon Layaway program that all shoppers can use to pay for their orders over time and spotlights discounts and coupons for
Continue Reading By Jordan Valinsky, CNN Business Dream, a YouTube star with more than 30 million subscribers, has finally revealed his face after hiding behind a smiley-face mask for years. “My name is Clay, maybe you’ve heard of me, maybe not,” he posted in a YouTube video Sunday night. “Maybe you clicked on this video out of
Continue Reading By Chris Isidore and Matt Egan, CNN Business Kim Kardashian agreed to pay a $1.26 million fine to the Securities and Exchange Commission to settle civil charges after the reality TV star touted a crypto asset, EthereumMax, on Instagram. The SEC charged Kardashian with failure to disclose that she was paid $250,000 to publish her
Continue Reading By Nicole Goodkind, CNN Business It’s been a hard year for markets, and investors are looking for a bit of reprieve as we enter the fourth quarter — historically a good one for stocks, especially during midterm election years. Unfortunately, this year may buck the trend. The outlook, as Goldman Sachs analysts put it, is
Continue Reading By Julia Horowitz, CNN Business Shares of Credit Suisse plunged to a fresh record low on Monday as jittery investors trained their attention on the Swiss bank. The company’s stock was last down more than 8% in Zurich to about $3.68 per share. It’s dropped almost 60% so far this year. The lender has been
Continue Reading By Kathleen Magramo and Shawn Deng, CNN A Chinese billionaire and a former University of Minnesota student who accused him of rape have reached an undisclosed agreement in the US, bringing an abrupt end to a case closely watched — and now hailed as a minor victory — by women on the other side of
Continue Reading By Mark Thompson and Adam Renton, CNN The British government is reversing plans to scrap the highest rate of income tax, announcing the embarrassing retreat after a rebellion among its own lawmakers and a week of financial and economic turmoil. In a statement on Monday, finance minister Kwasi Kwarteng said the tax cut for people
Continue Reading By Ramishah Maruf, CNN Tesla announced its delivery and production numbers for the third quarter Sunday, reporting 343,000 total deliveries and 365,000 vehicles built, falling below analysts’ forecasts. The world’s most valuable automaker said it produced 19,935 and delivered 18,672 Model S and X vehicles. It produced 345,988 Model 3 and Y cars and delivered
Continue Reading By Ramishah Maruf, CNN United Airlines is temporarily halting service at New York’s JFK Airport, saying its schedule there is too small to remain competitive. In a note shared with CNN Business, the airline said the start of the winter season, when more airlines resume flying to and from JFK, contributed to its “difficult decision.”
Continue Reading
COLUMBIA, Mo. (KMIZ) As student aid for the new academic school year has just become available for students, the Biden Administration has now changed the qualifications needed to utilize the student loan forgiveness program. According to the student aid website, as of September 29th, people who have Federal Family Education Loans or Perkins Loans not held by the department of education,
Continue Reading By Allison Morrow, CNN Business Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The question of a recession is no longer if, but when. Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative,
Continue Reading By Paul R. La Monica, CNN Business Investors, economists and members of the Federal Reserve will be poring over the September jobs report on Friday morning for clues about the health of the economy. But one figure may matter more than most…and it’s not the number of jobs added or the unemployment rate. It’s wage
Continue Reading