Money

In the wake of the GameStop stock trading frenzy, the Biden administration recently said it’s worth evaluating the impact of a tax on financial transactions, which would include the purchases and sales of stocks, bonds and derivative contracts, such as options and futures. Some claim such a tax could stabilize markets and raise revenue. They

Hong Kong has been booted off an index of economic freedom that it used to lead, dealing another blow to the city’s standing as a global business hub. On Wednesday, the Heritage Foundation, a conservative Washington think tank, revealed its annual ranking of the world’s freest economies, leaving the former British colony off the list.

Global stocks are falling as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index led losses in Asia Pacific, tumbling nearly 2.2% on Thursday. The Shanghai Composite and Japan’s Nikkei 225 each fell roughly 2.1%, while South Korea’s Kospi and Australia’s S&P/ASX 200 lost 1.3% and 0.8%, respectively. European stocks fell in

Asian stocks are falling Thursday as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index was last down 2.5%, while Japan’s Nikkei 225 fell 2.3%, accelerating from earlier losses. The Shanghai Composite dropped 1.9%. South Korea’s Kospi and Australia’s S&P/ASX 200 lost 1.1% and 0.8% respectively. The declines in Asia Pacific follow

A SpaceX rocket prototype, known as SN10, soared over South Texas during test flight Wednesday before swooping down to a pinpoint landing near its launch site. Approximately three minutes after landing, however, multiple independent video feeds showed the rocket exploding on its landing pad. SpaceX’s SN10, an early prototype of the company’s Starship Mars rocket,

US Olympians Sue Bird, Alex Morgan, Simone Manuel and Chloe Kim have teamed up to launch a new company aimed at focusing attention on women in sports and the media. They announced Tuesday the formation of TOGETHXR, which they described as a media and commerce company aimed at Gen Z and young millennial women. “This

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Tonight: Sands is leaving Las Vegas; Texas is being, well, Texas; and now that we’re thinking about traveling this year … Moon trip 2023? Who’s in? A RUDE AWAKENING Remember last

Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains’ torrid growth across the United States. The announcement comes as the pandemic has taken a toll on many retailers and forced thousands of stores to close. But dollar stores have surged as economically-strapped customers seek out bargains on

Facebook said it plans to lift a moratorium on US political advertising this Thursday, ending a ban that had been in place since the November elections. The move reopens the door to ads on Facebook by political campaigns as well as issue advertisers. It follows what Facebook said was “a lot of feedback” on its

Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains’ torrid growth across the United States. The announcement comes as the pandemic has taken a toll on many retailers and forced thousands of stores to close. But dollar stores have surged as economically-strapped customers seek out bargains on

Another SpaceX rocket prototype was fueled and ready for a test flight Wednesday, but in the final moments before liftoff, the vehicle’s engines sputtered off and the company announced it had aborted the flight. The company will recycle the rocket’s fuel and attempt liftoff again around 4 pm CT, according to SpaceX engineer John Insprucker

The end of mask mandates in Texas and Mississippi has created a dilemma for businesses: Keep such safety rules in place to protect against Covid-19 spread, as leading health officials advise, or follow the two states’ decisions and loosen restrictions. Leading US grocery chains, pharmacies, retailers and auto manufacturers, including Target, Kroger, CVS, Walgreens, Best

Fossil fuel workers will not be left behind in the Biden administration’s push to embrace clean energy. That’s the promise from new Energy Secretary Jennifer Granholm, addressing workers worried their livelihoods will be disrupted. “This is our opportunity to build the energy economy back better, in a way that lifts up communities that have felt

Consumers typically have flocked to malls because they’re a one-stop shop for everything from socks to sofa sets. Now, one of the biggest mall jewelers in the United States is giving some folks the chance to cross another item off their shopping lists. Signet Jewelers, owner of Zales, Kay Jewelers and Jared, is betting on

Consumers typically have flocked to malls because they’re a one-stop shop for everything from socks to sofa sets. Now, one of the biggest mall jewelers in the United States is giving some folks the chance to cross another item off their shopping lists. Signet Jewelers, owner of Zales, Kay Jewelers and Jared, is betting on