Money

By Jeanne Sahadi, CNN Business El Salvador’s adoption of bitcoin as legal tender may have been a watershed moment for cryptocurrencies. But in the United States, even though you can use crypto to buy and sell products or services, don’t think for a minute that makes it just like cash — at least not if

By Hanna Ziady, CNN Business UK Prime Minister Boris Johnson’s plan to hike payroll taxes to raise billions in funding for health and social care will raise Britain’s tax burden to its highest ever level, according to the Institute for Fiscal Studies. The independent research organization also said that further tax hikes could be on

By Matt Egan, CNN Business The easiest way to spark a financial crisis and wreck the US economy would be to allow the federal government to default on its debt. It would be an epic, unforced error — and millions of Americans would pay the price. And yet that unlikely situation is once again being

By Charles Riley, CNN Business El Salvador’s “Bitcoin Day” did not go especially well. The impoverished country’s vaunted adoption of bitcoin as legal tender on Tuesday was marred by street protests, technical glitches and an extreme drop in the value of the controversial digital currency. What went wrong? “Chivo Wallet,” a storage app created by

By Ella Nilsen, CNN President Joe Biden wants to corner the market on electric vehicles. In August, he announced a target that by 2030, half of the vehicles sold in the United States will be battery electric, fuel-cell electric or plug-in hybrid. It would be a seismic shift for an auto industry dominated by gas-powered

By Chris Isidore, CNN Business This week was supposed to be the time when many workers began returning to offices, and business travelers started returning to the air. Neither of those things is happening the way US airlines had counted on. With the rise of Covid-19 cases in recent months, many offices have pushed back

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By Diksha Madhok, CNN Business BlackRock’s new investment fund in China — the first owned entirely by a foreign firm — has attracted $1 billion from Chinese investors in its first week. The world’s largest asset manager said Wednesday that the fund — which has now raised 6.68 billion yuan — was officially established this

By Julia Horowitz, CNN Business The 30,000 aluminum tins were supposed to show up in a 20-foot shipping container in July. Months later, they haven’t arrived — and SJ Hunt, the co-founder of Lavolio, a boutique confectionery in London, is starting to panic. The made-to-order boxes, which Lavolio packs with fruit, nut and jelly-filled chocolates,

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. It’s happening from Fox to CNN, from The New York Times to the Los Angeles Times. And it’s happening on two tracks simultaneously. Vaccinated America is learning how to live

By Lauren M. Johnson and David Williams, CNN Restaurants across the country are struggling to find employees, so one establishment in Dallas decided to hire robots to help pick up the slack. It was a “no-brainer,” said Espartaco Borga, the owner of La Duni since 2001, who told CNN he’s never seen the industry in

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