Money

By Diksha Madhok, CNN Business Shiba inu coin soared to a new record on Wednesday, capping a surge of over 60,000,000% over the past year. The parody cryptocurrency — which appears to be inspired by dogecoin, another meme cryptocurrency — is up almost 30% over the past 24 hours, according to CoinGecko. It has pared

By Laura He, CNN Business Beijing is making one thing clear to the country’s embattled property developers: Pay your debts. All of them. Two major economic and finance agencies on Tuesday called on companies in “key industries” to redeem the principal and interest on their overseas bonds, according to a government statement. Regulators from the

By Jill Disis, CNN Business Washington is barring a major Chinese state-owned telecommunications firm from operating in the United States over national security concerns — an action that threatens to once again increase tensions between the world’s two largest economies. The US Federal Communications Commission on Tuesday said it has ordered China Telecom to discontinue

By Jordan Valinsky, CNN Business Several small SUVs struggled in a new side crash test conducted by the Insurance Institute for Highway Safety, with just one out of the 20 vehicles tested earning the agency’s highest rating. This year’s results included an updated side crash test that uses a heavier 4,180-pound barrier traveling at 37

By Julia Chatterley Calls for increased regulation of Facebook continue to grow louder after leaked internal documents became public and whistleblower Frances Haugen’s testimony showed that the social media platform has repeatedly failed to rein hate speech and misinformation. On Friday, a consortium of 17 US news organizations began publishing stories — collectively called “The

By Peter Valdes-Dapena, CNN Business Land Rover just unveiled what will be the first new, redesigned Range Rover in a decade. This is only the fifth generation of the large off-road luxury SUV since the model was introduced in 1970. A sleek new design, with smoothed off corners and edges, retains the classic proportions, but

By Frank Pallotta, CNN Business The Dune story continues. Warner Bros. announced on Tuesday that “Dune: Part Two,” the sequel to this weekend’s No. 1 film, will hit theaters in two years. The movie is set to be released on October 20, 2023. The first installment of “Dune,” a science-fiction epic starring Timothée Chalamet, notched

By Eoin McSweeney and Adam Pourahmadi, CNN Business A small group of ultra-wealthy individuals could help solve world hunger with just a fraction of their net worth, says the director of the United Nations’ World Food Programme. Billionaires need to “step up now, on a one-time basis”, said David Beasley in an interview on CNN’s

By Paul R. La Monica, CNN Business What a difference a month makes. Stocks sank in September on worries about inflation, the rise of the Covid-19 Delta variant, China’s crackdown on top tech firms and Washington gridlock potentially killing the chances that President Biden’s stimulus package gets passed. But as October ends, Wall Street is

By Alison Kosik, CNN Business Just days before a Covid-19 vaccine deadline for all Tyson Food employees in the United States, the company announced that 96% of its “active” employees have been vaccinated against the coronavirus. In August, Tyson mandated that all its 120,000 US workers get the vaccine by November 1. Tyson’s President and

By Chris Isidore, CNN Business Almost all employees at United Airlines have complied with the company’s vaccine mandate — and they do not want to fly with unvaccinated co-workers, according to the airline. United is facing a federal lawsuit brought by six of its employees who have applied for a medical or religious exemption to