By Anna Cooban, CNN Business Lissette Monzon still feels a little guilty about a “crazy” purchase she made three years ago. Monzon, 54, a high school English teacher in Florida, bought a $700 pair of Valentino boots in October 2018. Actress Blake Lively had been photographed wearing the mauve-colored footwear in Paris. Monzon saw the
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By Laura He, CNN Business The World Bank has cut its forecasts for China’s economic growth this year and next, as the world’s second largest economy faces mounting headwinds from the new Omicron variant to a severe property sector downturn. The bank now expects China’s GDP to expand 8% in 2021 compared with a year
Continue Reading By Laura He, CNN Business The World Bank has cut its forecasts for China’s economic growth this year and next, as the world’s second largest economy faces mounting headwinds from the new Omicron variant to a severe property sector downturn. The bank now expects China’s GDP to expand 8% in 2021 compared with a year
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By Melissa Alonso, CNN Amazon, Walmart, CVS, Walgreens are limiting the number of at-home Covid kits customers can buy due to huge demand. The rapid spread of the Omicron coronavirus variant ahead of the holidays has sparked the surge — and there has been anecdotal evidence over the past week of test shortages at stores
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By Pete Muntean, CNN Business The world’s biggest commercial airplane manufacturers are telling the Biden Administration to delay the rollout of 5G cell service next month. Boeing CEO David Calhoun and Airbus Americas CEO Jeffery Knittel sent a letter to Transportation Secretary Pete Buttigieg to say the January 5 rollout could cause interference that could
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COLUMBIA, Mo. (KMIZ) As the omicron cases are on the rise, so are the covid testing rates. According to Johns Hopkins University on Dec. 19th, more than 600,000 people were tested nationwide for COVID-19. The Biden Administration plans to give free at-home COVID testing kits starting Jan. 15th to anyone who requests one. Until then
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By Matt Egan, CNN Business Senator Joe Manchin is facing calls from a powerful group close to his heart to reconsider his opposition to the Build Back Better Act: Coal miners. A day after the West Virginia Democrat appeared to kill Build Back Better, America’s largest coal mining union put out a statement lauding the
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By Jeanne Sahadi, CNN Business If you’re a high earner who was scrambling to take advantage of a so-called backdoor Roth IRA or Roth 401(k) before new rules go into effect prohibiting you to do so, you just got a reprieve. Senator Joe Manchin’s refusal to vote for the Build Back Better bill puts the
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By Nathaniel Meyersohn, CNN Business Business was starting to turn around for Lido, an Italian restaurant in Harlem, after a grinding 20 months. The 11-year-old restaurant with a James-Beard-award-winning head chef survived the traumatic spring of 2020, when New York City became the center of the coronavirus crisis in the United States. Lido shut down
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By Chris Isidore, CNN Business The 11-week long strike at Kellogg will end next week after workers at four cereal plants ratified a tentative labor deal with the company. About 1,400 members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union have been on strike since October 5. They rejected a previous tentative
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By Paul R. La Monica, CNN Business Bitcoin prices have been on a wild ride this year, and they are set to finish 2021 sharply higher than where they began it. One bitcoin currently trades for just under $49,000, a stunning surge of 66% from January levels. But the top crypto is also down nearly
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By Matt McFarland, CNN Business “Lord don’t let me die here. Don’t let me die like this. Not like this. I’d die any other way, but not like this.” Tim Ball, who delivered packages for Amazon until quitting this year, said he prayed the same prayer every time he walked up to a home that
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By Oliver Darcy, CNN Business Dr. Anthony Fauci on Tuesday said that Fox News host Jesse Watters should be fired for using violent language at a conservative conference to encourage attendees to conduct an ambush interview with him in hopes of creating a viral moment. “I mean, that’s crazy,” Fauci added. “The guy should be
Continue Reading By Oliver Darcy, CNN Business Dr. Anthony Fauci on Tuesday said that Fox News host Jesse Watters should be fired for using violent language at a conservative conference to encourage attendees to conduct an ambush interview with him in hopes of creating a viral moment. “I mean, that’s crazy,” Fauci added. “The guy should be
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By Walé Azeez, CNN Business Turkey’s experiment in cutting interest rates to fight inflation has sent its currency crashing to record lows this year. Now, President Recep Tayyip Erdogan is trying to prop up the lira with a raft of new unorthodox economic measures. Erdogan said the government would try to protect Turkish savers worried
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By Diksha Madhok and CNN’s Beijing bureau Chinese live-stream shopping influencer Huang Wei, known as Viya, has been hit with a whopping $210 million penalty for tax evasion and kicked off social media. Viya — also known in China as the “live-streaming queen” — was ordered to pay 1.34 billion yuan in back taxes, late
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By Chris Isidore, CNN Business Nikola, the upstart electric truck maker, agreed to pay $125 million to settle Securities and Exchange Commission charges that it let its founder, Trevor Milton, defraud investors. Milton still faces federal criminal charges as well as his own SEC charges. He resigned as executive chairman in September 2020 after an
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By Anneken Tappe, CNN Business The Dow and the broader US stock market were in the green on Tuesday, as the market bounced back from a sharp selloff at the start of the week. Once again the steep losses of more than 1% for each of the major indexes are being quickly followed by green
Continue Reading By Matt Egan, CNN Business Senator Joe Manchin is facing calls from a powerful group close to his heart to reconsider his opposition to the Build Back Better Act: Coal miners. A day after the West Virginia Democrat appeared to kill Build Back Better, America’s largest coal mining union put out a statement lauding the
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By Jeanne Sahadi, CNN Business If you’re a high earner who was scrambling to take advantage of a so-called backdoor Roth IRA or Roth 401(k) before new rules go into effect prohibiting you to do so, you just got a reprieve. Senator Joe Manchin’s refusal to vote for the Build Back Better bill puts the
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