By Matt Egan, CNN Business Former President Donald Trump has blasted the bipartisan infrastructure legislation recently passed by Congress as a “Non-Infrastructure” bill. Trump, long an advocate for infrastructure spending, put out a statement last weekend claiming that just 11% of the $1.2 trillion package is going toward “real” infrastructure. The former president, who repeatedly
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By Michelle Toh, CNN Business Tencent’s growth has slowed significantly as a widening regulatory crackdown in China weighs on its business, particularly its once-booming gaming division. In its first earnings report since China imposed new restrictions on how long minors can play online video games, the company posted a big dip in usage and billings
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COLUMBIA, Mo. (KMIZ) A recent study by the Better Business Bureau shows employment scams have been on the rise throughout the COVID-19 pandemic. In 2020 BBB estimated 14 million scam victims with $2 billion in direct losses related to job scams. Losses reported to the FBI’s Internet Crime Complaint Center linked to employment scams increased
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By Laura He, CNN Business Alibaba reported another year of record sales figures for Singles Day, the world’s largest annual shopping event. But its momentum is seriously slowing down as China’s economy weakens and as Beijing has tightened its grip on the tech industry. Alibaba said that total gross merchandise volume (GMV) reached 540.3 billion
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Missouri is offering credit and identity theft monitoring services to 620,000 current and former educators who may have been affected by a data incident last month.
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By Chris Isidore and Jill Disis, CNN Business Elon Musk sold roughly $5 billion worth of Tesla shares this week — his first such sale since 2016 — just days after conducting a Twitter poll asking his fans if he should dispose of 10% of his stake in the electric carmaker. According to filings with
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Multiple organizations are hosting hiring events and touting veteran workforce accomplishments ahead of Veterans Day.
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By Frank Pallotta, CNN Business Disney’s streaming service continues to grow — just not as strong as investors on Wall Street were hoping. The streaming service now has 118.1 million subscribers. That’s higher than the 116 million the company reported in August, but a softer-than-expected result that sent shares down as much as 4.5% in
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By Nathaniel Meyersohn, CNN Business You’ve probably realized that shopping for food and household basics is more expensive these days. Expect to keep paying more for groceries in 2022. Prices shoppers paid for groceries climbed 1% in October from September and were 5.4% higher than at the same time last year, according to data released
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By Anna Bahney, CNN Business Credit card interest rates have moved swiftly higher this year, significantly increasing the cost burden on those who carry a balance. Over the past two quarters the average annual percentage rate has grown from 15.91% to 17.13%, leaving the current rate just a tick under the all-time record high of
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By Anna Bahney, CNN Business The median price of single-family existing homes rose in nearly all — 99% — of the 183 markets tracked by the National Association of Realtors in the third quarter, with double-digit price increases seen in 78% of the markets. But the stratospheric surges in prices have slowed a bit from
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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. MSNBC has a talent problem on its hands. Brian Williams told network management on Tuesday that he is passing on their offer of a new contract. He is ending a
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By Paul R. La Monica, CNN Business Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world’s second most valuable cryptocurency. Ethereum, or ether for short, is also trading at record levels. It’s now hovering around $4,850, having soared more than 560%
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By Jackie Wattles, CNN Business A SpaceX Crew Dragon capsule carrying four astronauts roared into outer space atop a Falcon 9 rocket on Wednesday, marking the kick off of SpaceX’s fifth crewed mission to orbit. The spacecraft, with three NASA astronauts and one European astronaut onboard, will spend all day Wednesday maneuvering closer to the
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By Jordan Valinsky, CNN Business Twitter has permanently suspended Newsmax White House correspondent Emerald Robinson for repeatedly posting blatant misinformation about Covid-19 vaccines. The ban comes about a week after she was briefly suspended for violating the company’s policy. Robinson’s account was “permanently suspended for repeated violations of our Covid-19 misinformation policy,” a Twitter spokesperson
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By Allison Morrow, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly simple to understand and absurdly complicated. Let’s start with the simplest version: Inflation happens when prices broadly go up. That “broadly” is important: At any given time, the price of goods will fluctuate based on shifting tastes. Someone makes
Continue Reading By Jordan Valinsky, CNN Business Twitter has permanently suspended Newsmax White House correspondent Emerald Robinson for repeatedly posting blatant misinformation about Covid-19 vaccines. The ban comes about a week after she was briefly suspended for violating the company’s policy. Robinson’s account was “permanently suspended for repeated violations of our Covid-19 misinformation policy,” a Twitter spokesperson
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By Jordan Valinsky, CNN Business Mariah Carey, the queen of Christmas, is partnering with McDonald’s and giving her fans one of the best gifts of them all: free(-ish) food. McDonald’s is debuting the “Mariah Menu” next month, in which the fast food chain is giving away a different free menu item each day between December
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Opinion by Julie Wainwright for CNN Business Perspectives It’s a well-kept secret that fashion is one of the dirtiest industries out there, contributing up to 8% of the world’s total carbon footprint, more than all international flights and maritime shipping combined. It’s so under the radar that it’s nowhere to be found on the official
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By Paul R. La Monica, CNN Business Fund manager Cathie Wood has attracted a large group of loyal investors who watch her every move. But a brand new fund is explicitly betting against Wood and her strategy. The exchange-traded funds at Wood’s firm Ark, especially the Ark Innovation ETF, have outperformed the broader market over
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