By CNN Business Staff Chinese officials are turning their crackdown on private business to yet another industry: education. A slew of big Chinese education and private tutoring companies are reeling from new rules barring them from turning a profit or raising funding on stock markets, with some warning that the regulations will hurt their business.
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By Michelle Toh, CNN Business Cryptocurrencies rallied Monday, just a week after they were hit by a major sell-off. As of 4:45 a.m. ET on Monday, bitcoin, ethereum and dogecoin had soared 10%, 7.3% and 11%, respectively, over the past 24 hours, according to data from CoinDesk. Bitcoin climbed to a six-week high of nearly
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When Elon Musk tweets, the crypto world listens. CNN’s Jon Sarlin explores the contradictions of crypto’s decentralized networks alongside the very central influence of one man.
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By Alexis Benveniste, CNN Business Veteran journalist and author Carl Bernstein called former President Donald Trump a “war criminal” on “Reliable Sources” Sunday. “I think we need to calmly step back and maybe look at Trump in a different context,” Bernstein told CNN’s chief media correspondent Brian Stelter, adding that Trump is “our own American
Continue Reading Watergate journalist Carl Bernstein says we have to look at former President Donald Trump in a different context and calls Trump America’s “own war criminal” that we’ve never seen before.
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By Chris Isidore, CNN Business Tesla is the most secretive automaker on the planet, so investors are always eager to pore through its quarterly report and conference call, when they finally can get more than tweet-sized morsels of information. The last two quarterly results have disappointed them. Shares have fallen nearly 30% from their record
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By Anneken Tappe, CNN Business The Federal Reserve was already keeping a close eye on rising prices. Now it has to contend with the Delta coronavirus variant. The highly contagious Delta variant of Covid-19 is racing across the globe, causing a shortage of workers in the United Kingdom and heaping stress on the battered global
Continue Reading Journalists from 17 news outlets are working together to expose evidence of spyware that specifically targets journalists, activists and politicians, calling it the Pegasus Project. CNN’s Hadas Gold reports.
Continue Reading The Washington Post’s Dana Priest talks about the sophisticated technology used to spy on journalists, activists and two women linked to Jamal Khashoggi.
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By Hadas Gold, CNN Business Audacious Mossad spy operations around the world. The plucky “startup nation” home to reams of billion-dollar ideas. These are two drivers of Israel’s image abroad that its political and business leaders have long been happy to push. That slick image appears to have taken a hit with new reports that
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By Sara O’Brien, CNN Business After a nearly three-week strike, hundreds of Frito-Lay employees in Topeka, Kansas have ratified a revised contract Saturday addressing what union leaders had previously described as a diminished quality of life stemming from work conditions, including long hours, forced overtime, and stagnating wages. The contract will provide workers with a
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By Alaa Elassar, CNN Nothing gets cheddar than this… The Kraft Heinz Company has partnered with Brooklyn-based Van Leeuwen Ice Cream to introduce a limited-edition macaroni and cheese flavor of ice cream. “We know that there is nothing more refreshing on a hot summer day than ice cream. That is why we wanted to combine
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By Eric Cheung, Will Ripley and Gladys Tsai, CNN Business As China steps up military pressure on Taiwan, the self-governing island is preparing for the next big frontier of warfare: crippling cyberattacks. Taiwan’s head of cybersecurity told CNN Business this month that it is using dramatic measures to guard against technological vulnerabilities — including employing
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By Brian Fung, Natasha Bertrand and Alex Marquardt, CNN On Thursday, the software company Kaseya announced that it could help unlock any of its customers’ systems that were still inaccessible following a devastating ransomware attack early this month that took down as many as 1,500 businesses worldwide. But for many victims it was too little,
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By Sara Ashley O’Brien, CNN Business Amazon has hired outside investigators to probe the internal culture of part of its cloud computing operations after employees circulated a petition alleging “systemic discrimination, harassment, bullying and bias against women and under-represented groups.” The petition, viewed by CNN Business, specifically addresses concerns among staffers within an Amazon Web
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By Harmeet Kaur, CNN Workers at the Frito-Lay plant in Topeka, Kansas, say it used to be one of the best jobs in town — a place of shared meals, group outings and community. In recent years, though, employees and union members say the facility where Doritos, Cheetos and Tostitos are made has become another
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By Chris Isidore, CNN Business GM is once again recalling nearly 70,000 Chevrolet Bolt electric vehicles because of a risk that the battery will catch fire when the car is parked. The company does not have a fix for the problem that has been tied to at least nine fires nationwide since early 2020. The
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Fox News host Tucker Carlson attacked Capitol police officer Harry Dunn, who defended the Capitol during the January 6th attack.
Continue Reading By Oliver Darcy, CNN Business One evening earlier this month, a White rage-filled man sat behind a desk, looked into a camera, and began to rant about how something must be done to “save” the United States before “we become Rwanda,” a not-so-subtle reference to the horrific genocide that occurred in the African country decades
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Tom Barrack, a former adviser to former President Donald Trump, was charged with illegal foreign lobbying on behalf of the United Arab Emirates as an effort to influence the foreign policy positions of both the 2016 Trump presidential campaign and the incoming administration.
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