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Asian markets tumbled on Friday as investors appeared to be jolted by several issues, from the continued prospect of rising inflation to a volatile US-China meeting and stubborn coronavirus flare-ups in Europe. China’s Shanghai Composite lost 1.7%, while Japan’s Nikkei 225 fell 1.4% and South Korea’s Kospi dropped 0.9%. Hong Kong’s Hang Seng Index fell

UBS, a major player in the blank-check boom captivating Wall Street, has quietly banned its financial advisers from pitching SPAC stocks to wealth management clients, CNN Business has learned. The restrictions, which haven’t been previously reported, highlight the elevated risk of playing in what is one of the hottest corners of finance right now. Special

The NFL is giving Amazon Prime Video exclusive rights to Thursday Night Football — part of its new 11-year deal with TV networks valued at more than $100 billion. The new deal includes Amazon, CBS, ESPN/ABC, Fox and NBC. It covers 11 years, including a 10-year deal beginning in 2023 and a bridge year deal

Wall Street stumbled on Thursday, with energy and tech stocks selling off, and the 10-year Treasury bond yield climbing to a new 13-month high. Just a day after remarks from Federal Reserve Chairman Jerome Powell appeased the market, all bets are off again. All three stock indexes closed in the red. The Dow finished down

Senior officials from the United States and China are meeting in person on Thursday for the first time since US President Joe Biden took office. But progress toward solving major economic sources of strain — including disputes over tech and trade — is unlikely. US Secretary of State Tony Blinken and National Security Adviser Jake

Five Below wants to win more teen shoppers with novelty stores and cheap prices. The toy, game, room decoration and tech accessory store targets teens and tweens as its key customers and sells most of its stuff for — as its name suggests — under $5. It said Wednesday that it will open 170 to

Peloton is warning owners to keep their children away from their treadmills after an accident involving its Tread+ in which a child died. CEO John Foley sent a letter to Tread+ owners Thursday, saying the warning comes after a “tragic accident involving a child and the Tread+, resulting in, unthinkably, a death.” He didn’t reveal

Alexi McCammond is out as editor-in-chief of Teen Vogue before she officially started the job, she and the magazine’s owner announced Thursday. The announcement of her appointment to the job had sparked outrage from the publication’s staffers and readers as well as some celebrities because of anti-Asian tweets she posted a decade ago. “I became

Google is the latest tech company to commit to more office space despite the ongoing pandemic and the rise of remote work. On Thursday, Google said it plans to invest more than $7 billion in offices and data centers in the United States and create at least 10,000 additional full-time jobs this year. “Coming together

Google is the latest tech company to commit to more office space despite the ongoing pandemic and the rise of remote work. On Thursday, Google said it plans to invest more than $7 billion in offices and data centers in the United States and create at least 10,000 additional full-time jobs this year. “Coming together

Doing your laundry with cold water can help save the planet, and maybe save you some money along the way. That’s the message from Tide in a newly launched campaign to decarbonize laundry. The goal is for consumers in North America to do three out of every four loads of laundry with cold water instead

Virgin Group founder Richard Branson is calling for a permanent end to capital punishment around the globe, and he wants more business leaders to get on board. The 70-year-old British billionaire announced a new campaign to build support for abolishing the death penalty at a virtual South By Southwest event Thursday. “I have always thought

The US airline industry hit a dubious milestone this week: For the first time since the pandemic began, air travel is up from a year ago. That’s a positive sign for battered airlines and a potentially worrying sign to health experts. But it’s also an incredibly low hurdle to clear. About 1.1 million people passed