By Anna Bahney, CNN Business Across the US rent is rising so fast that in many cities buying has become more affordable than renting, even with sky-high home sale prices. The national median rental price jumped 19.8% in January from a year ago, marking the eighth straight month of double-digit increases, according to a report
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By Diksha Madhok, CNN Business Bitcoin and other major cryptocurrencies have been feeling the heat this week as tensions between Russia and Ukraine escalate and investors shun riskier assets. On Tuesday, bitcoin was trading at $36,649 at 2:30 a.m. ET, falling nearly 6.5% in the last 24 hours, according to data from CoinDesk. The world’s
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By Michelle Toh, CNN Business HSBC announced plans Tuesday to buy back up to another $1 billion in shares as it outlined a “significantly” brighter outlook due to the prospect of rising interest rates around the world. The buyback is on top of an existing $2 billion program the global bank announced last October. On
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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. Russian President Vladimir Putin put on a show on Monday — first with a Security Council meeting that was likened to a Netflix drama, then a long speech that was
Continue Reading 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. Russian President Vladimir Putin put on a show on Monday — first with a Security Council meeting that was likened to a Netflix drama, then a long speech that was
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By Laura He and Rob McLean, CNN Business Global stock markets tumbled and crude oil prices surged to $99 per barrel on Tuesday after Russia ordered troops into parts of eastern Ukraine. Wall Street also fell as traders returned from the holiday weekend, but stocks finished off their lows of the day. The Dow briefly
Continue Reading By Laura He and Rob McLean, CNN Business Global stock markets tumbled and crude oil prices surged to $99 per barrel on Tuesday after Russia ordered troops into parts of eastern Ukraine. European markets dropped in early trading. The FTSE 100 dipped 0.4% in London, while France’s CAC 40 shed 0.8%. Germany’s DAX tumbled 1.4%.
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By Oliver Darcy, CNN Business Neil Cavuto, an immunocompromised Fox anchor who has dissented from the loudest voices at the right-wing network and spoken out in favor of Covid-19 vaccines, revealed on Monday that he had been hospitalized for weeks with a serious case of coronavirus and nearly died. Cavuto, who is vaccinated, had previously
Continue Reading By Oliver Darcy, CNN Business Neil Cavuto, an immunocompromised Fox anchor who has dissented from the loudest voices at the right-wing network and spoken out in favor of Covid-19 vaccines, revealed on Monday that he had been hospitalized for weeks with a serious case of coronavirus and nearly died. Cavuto, who is vaccinated, had previously
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By Anna Cooban, CNN Business Air France and Lufthansa are the latest airlines to suspend flights into Ukraine as fears of a Russian invasion grow. The French carrier said that it would cancel flights to and from the capital Kyiv on Tuesday as a “precautionary measure,” citing the security situation. “Air France will regularly reassess
Continue Reading By Anna Cooban, CNN Business Air France and Lufthansa are the latest airlines to suspend flights into Ukraine as fears of a Russian invasion grow. The French carrier said that it would cancel flights to and from the capital Kyiv on Tuesday as a “precautionary measure,” citing the security situation. “Air France will regularly reassess
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By Julia Horowitz, CNN Business Legendary investor Carl Icahn is known for his aggressive campaigns to shake up Corporate America. Now, he’s leveraging his reputation to tackle an issue close to his heart: the welfare of pigs. McDonald’s said Sunday that Icahn had nominated two new directors to its board. The move “relates to a
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By Jeanne Sahadi, CNN Business It’s no surprise that anyone looking to quit their current job for a new one will want a position that offers better pay and work-life balance. But what may be surprising is just how much more motivating these issues are in a person’s decision to switch jobs today than they
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By Ramishah Maruf, CNN Business Credit Suisse pushed back Sunday after multiple media outlets reported that the Swiss investment bank had clients that included criminals, alleged human rights abusers and parties facing sanctions. “Credit Suisse strongly rejects the allegations and insinuations about the bank’s purported business practices,” the bank said in a news release Sunday.
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By Ramishah Maruf, CNN Covering what’s really happening on the Ukrainian border is being made even more difficult because of the constant flow of unverified or potentially misleading information, said Clarissa Ward, CNN’s chief international correspondent. The prevalence of amateur videos, crowdsourced content and difficult to discern satellite imagery can confuse or perhaps misinform even
Continue Reading By Ramishah Maruf, CNN Covering what’s really happening on the Ukrainian border is being made even more difficult because of the constant flow of unverified or potentially misleading information, said Clarissa Ward, CNN’s chief international correspondent. The prevalence of amateur videos, crowdsourced content and difficult to discern satellite imagery can confuse or perhaps misinform even
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By Reuters E-commerce sites operated by China’s Tencent and Alibaba Group were added to the US government’s latest “notorious markets” list, the US Trade Representative’s office said Thursday. The list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. “This includes identifying
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By Frank Pallotta, CNN Business Tom Holland does it again for Sony. “Uncharted” — starring Holland as adventurer Nathan Drake from the namesake Sony video game — brought in an estimated $44.1 million at the North American box office this weekend, according to the studio. That number exceeded industry expectations, which had projected the film
Continue Reading By Frank Pallotta, CNN Business Tom Holland does it again for Sony. “Uncharted” — starring Holland as adventurer Nathan Drake from the namesake Sony video game — brought in an estimated $44.1 million at the North American box office this weekend, according to the studio. That number exceeded industry expectations, which had projected the film
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By Ramishah Maruf, CNN The third Monday of February marks Presidents Day, a federal holiday commemorating the nations’ 45 commanders in chief. (Grover Cleveland served two nonconsecutive terms, so is considered the 22nd and 24th US President.) The observance usually falls on or near George Washington’s February 22 birth date and the holiday is still
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