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.”
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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 By Frank Pallotta, CNN Business “Saturday Night Live” kicked off its 48th season on Saturday night with host Miles Teller as former NFL quarterback Peyton Manning and Andrew Dismukes as his brother, Eli. In the sketch, the two were doing an analysis of the season premiere of the NBC variety show. “Ok, we got an
Continue Reading By Frank Pallotta, CNN Business “Saturday Night Live” kicked off its 48th season on Saturday night with host Miles Teller as former NFL quarterback Peyton Manning and Andrew Dismukes as his brother, Eli. In the sketch, the two were doing an analysis of the season premiere of the NBC variety show. “Ok, we got an
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 Bridget O’Brian, CNN Business Disney has blocked its content from being shown on Dish TV and Sllng TV channels after the companies were unable to reach agreement over a contract extension. The dispute affects access to Disney channels that include ESPN, FX, the Disney Channel and ABC local stations in seven markets. Dish and Sling
Continue Reading By Jay Croft, CNN Texas-based commercial rocket company Firefly launched a rocket into space Friday morning, about a year after a previous attempt ended in an explosion. The company announced “100% Mission success” on Twitter. The Alpha rocket launched at 12:01 a.m. Pacific time from Vandenberg Space Force Base in California. It was originally set
Continue Reading By Catherine Thorbecke, CNN Business Anyone watching the first episode of “Ring Nation” this week would have seen short clips of a man finding out his wife was pregnant with triplets, an uninvited iguana showing up at someone’s front door and an unsuspecting teenage boy being chased down by a crane in his driveway. “Ring
Continue Reading By Nathaniel Meyersohn, CNN Business Spam is cool. The 85-year-old canned block of meat has undergone a cultural reinvention. Hormel has sold a record amount of Spam for seven straight years, and 2022 is on pace for another such milestone. The conglomerate behind Skippy and Jennie-O turkey says it can’t make Spam fast enough and
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