Money

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

By Paul R. La Monica, CNN Business At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration. It’s a high-flying, high-risk, high-reward tier of investing. And

By Laura He, CNN Business China’s trade with the rest of the world surged to record highs last month, easing fears that a stubborn coronavirus outbreak and the global shipping crisis were stalling the economy. Exports spiked 25.6% in August from a year ago to $294.3 billion, according to customs statistics published Tuesday. Imports jumped

By Merlin Delcid, CNN Business El Salvador became the first country to adopt bitcoin as a national currency on Tuesday, kicking off a radical monetary experiment that could pose risks to the fragile economy. President Nayib Bukele announced late Monday that his government purchased 200 bitcoins ahead of El Salvador’s formal adoption of the currency.