Money Archives

British Foreign Secretary Liz Truss gives a statement on toughening the sanctions on Russia if it invaded Ukraine

The end of ‘Londongrad?’ UK threatens to hit Russian oligarchs with sanctions

February 1, 2022 6:32 AM CNN Newsource

By Charles Riley, CNN Business The UK government has threatened to take action against Kremlin-linked oligarchs who have turned London into their playground if President Vladimir Putin orders an invasion of Ukraine. But decades of loose regulation and courting of Russian investors mean that some Putin allies are now so deeply integrated into UK society

The end of ‘Londongrad?’ UK threatens to hit Russian oligarchs with sanctions

February 1, 2022 6:32 AM CNN

By Charles Riley, CNN Business The UK government has threatened to take action against Kremlin-linked oligarchs who have turned London into their playground if President Vladimir Putin orders an invasion of Ukraine. But decades of loose regulation and courting of Russian investors mean that some Putin allies are now so deeply integrated into UK society

The jumbotron reads "Super Bowl LVI Bound" after the Los Angeles Rams defeated the San Francisco 49ers 20-17 in the NFC Championship Game at SoFi Stadium on January 30

This year’s Super Bowl tickets are the most expensive ever

February 1, 2022 5:53 AM CNN Newsource

By Chris Isidore, CNN Business Put America’s most popular sporting event in its second-largest metropolitan area. Put the stadium’s home team in the game facing an opponent that has never won a championship. What do you get? Unsurprisingly, you get record Super Bowl ticket prices. SeatGeek said that the average price customers are paying for

India is planning to launch a digital version of the rupee

India wants to launch a digital rupee and tax crypto profits

February 1, 2022 4:44 AM CNN Newsource

By Diksha Madhok, CNN Business India is planning to launch a digital version of the rupee, becoming the latest country to join the rush to create state-backed virtual currencies. The country’s central bank expects to introduce the currency “using blockchain and other technologies” some time in the new fiscal year, which begins in April, according

Rio Tinto has found disturbing patterns of racism

‘Deeply disturbing.’ Rio Tinto says bullying, sexism and racism are rife at the company

February 1, 2022 4:15 AM CNN Newsource

By Michelle Toh, CNN Business Rio Tinto has found disturbing patterns of racism, sexism, harassment and sexual assault among its global workforce of 47,500, according to a new investigation. On Tuesday, the mining giant published the findings of an external review it commissioned last year after months of scrutiny about how workers were being treated.

Morning Joe anchors Mika Brzezinski and Joe Scarborough will go under some changes due to Rachel Maddow's hiatus.

Changes at MSNBC: New ‘Morning Joe’ hour takes shape while Rachel Maddow announces hiatus

January 31, 2022 10:17 PM CNN Newsource

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The new 9am hour of “Morning Joe” is starting to come into focus. Eugene Daniels and Katty Kay have had discussions about taking on fixed roles on the show with

Changes at MSNBC: New ‘Morning Joe’ hour takes shape while Rachel Maddow announces hiatus

January 31, 2022 10:17 PM CNN

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The new 9am hour of “Morning Joe” is starting to come into focus. Eugene Daniels and Katty Kay have had discussions about taking on fixed roles on the show with

The New York Times buys popular word game Wordle

January 31, 2022 4:36 PM CNN Newsource

By Jennifer Korn, CNN Business The New York Times has acquired Wordle, the explosively popular game that gives players six chances to guess a five-letter word daily. The Times, which announced the purchase of the game on Monday, is adding the puzzle to their portfolio of word games such as The Crossword, The Mini and

Students at the newly-opened United Aviate Academy in Goodyear

United Airlines has an answer to the pilot shortage: Its own flight school

January 31, 2022 3:50 PM CNN Newsource

By Gregory Wallace and Pete Muntean, CNN The United Aviate Academy officially opened Thursday outside Phoenix, putting the school’s first class of about 60 students on a streamlined path to a new career. “I am very excited for it,” student pilot Adela Gallegos told CNN. The 23-year-old studied business administration in college and had no

United Airlines has an answer to the pilot shortage: Its own flight school

January 31, 2022 3:50 PM CNN

By Gregory Wallace and Pete Muntean, CNN The United Aviate Academy officially opened Thursday outside Phoenix, putting the school’s first class of about 60 students on a streamlined path to a new career. “I am very excited for it,” student pilot Adela Gallegos told CNN. The 23-year-old studied business administration in college and had no

George Soros warns China is facing an economic crisis

January 31, 2022 2:18 PM CNN

By Charles Riley, CNN Business China is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George Soros. The billionaire said in a speech at Stanford University’s Hoover Institution Monday that President Xi Jinping may not be able to restore confidence in the troubled industry, which

Sony to acquire video game studio Bungie in $3.6 billion deal

January 31, 2022 1:30 PM CNN Newsource

By Brian Fung, CNN Business Sony is acquiring Bungie, the video game studio that created hit franchises such as “Halo” and “Destiny,” in a $3.6 billion deal that further centralizes the rapidly consolidating game industry. In a blog post, Sony (SONY) said the acquisition would help take its PlayStation platform “beyond the console” and flesh

George Soros warns China is facing an economic crisis

January 31, 2022 1:13 PM CNN Newsource

By Charles Riley, CNN Business China is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George Soros. The billionaire said in a speech at Stanford University’s Hoover Institution Monday that President Xi Jinping may not be able to restore confidence in the troubled industry, which

Alice, the first all-electric passenger airplane, prepares to fly

January 31, 2022 12:28 PM CNN Newsource

By Jennifer Korn, CNN Business The world’s first all-electric passenger aircraft is preparing to take flight. The Alice, a plane developed by Israeli company Eviation, went through engine testing last week at Arlington Municipal Airport north of Seattle. According to Eviation CEO Omer Bar-Yohay, the Alice is just weeks away from its first flight. With

This could be the biggest Super Bowl ever for online betting. Here’s why

January 31, 2022 11:20 AM CNN Newsource

By Paul R. La Monica, CNN Business The Los Angeles Rams or Cincinnati Bengals? No one knows what the outcome of the Super Bowl will be. But one thing seems certain. No matter who wins, sports betting companies could score financial touchdowns. This year stands to be the biggest one yet for the industry —

Joe Rogan responds to backlash from Spotify artists

January 31, 2022 10:49 AM CNN Newsource

By Ramishah Maruf, CNN Joe Rogan has responded to the backlash he’s received from Spotify artists surrounding Covid-19 misinformation on his popular podcast. “I’m not trying to promote misinformation, I’m not trying to be controversial. I’ve never tried to do anything with this podcast other than just talk to people and have interesting conversations,” Rogan

A number of artists have left Spotify because of comments by podcast host Joe Rogan. Singer Neil Young

Here’s who has left Spotify because of Joe Rogan

January 31, 2022 10:49 AM CNN

By Frank Pallotta, CNN Business Spotify has had a rough couple of weeks. Its stock took a big hit Wednesday because of a slowing growth forecast, and the company has seen creators from the music and podcasting world desert the platform because of comments by comedian and podcast host Joe Rogan. While the departures are

A recruiter speaks with job seekers during a Miami-Dade County job fair in Miami

The labor market is upside down. Here’s what CEOs can do about it

January 31, 2022 10:20 AM CNN Newsource

Opinion by Asutosh Padhi for CNN Business Perspectives As the managing partner for McKinsey in North America, I talk to CEOs every week, and I keep hearing the same thing across all industries and regions of the US: We’re in one of the most bewildering labor markets in a generation. Job openings remain dramatically higher

‘Maus’ is back on best seller lists after its ban from a Tennessee school district

January 31, 2022 10:15 AM CNN Newsource

By Scottie Andrew, CNN Within weeks of a Tennessee school district moving to ban “Maus,” a Pulitzer Prize-winning graphic novel depicting the horrors of the Holocaust, readers are propelling it to the top of best seller lists more than 30 years after it was first published. The hardcover edition of “The Complete Maus,” which includes

‘Maus’ is back on best seller lists after its ban from a Tennessee school district

January 31, 2022 10:15 AM CNN

By Scottie Andrew, CNN Within weeks of a Tennessee school district moving to ban “Maus,” a Pulitzer Prize-winning graphic novel depicting the horrors of the Holocaust, readers are propelling it to the top of best seller lists more than 30 years after it was first published. The hardcover edition of “The Complete Maus,” which includes