[ad_1] London CNN Business — The European Union has reached a consensus on the price at which to cap Russian oil just days before its ban on most imports comes into force. News of the deal, which had needed approval from holdout Poland, was confirmed on Twitter by the president …
Read More »Student loan forgiveness: Biden administration dealt another setback in court in effort to revive student loan debt relief policy
[ad_1] CNN — A second federal appeals court has rejected a Biden administration bid to put on hold a ruling blocking the President’s student debt relief policy. The 5th US Circuit Court of Appeals ruled Wednesday night that it would not pause a ruling from a Texas judge striking down …
Read More »The US economy’s growth was stronger than expected in the third quarter
[ad_1] New York CNN Business — The US economy grew much faster than expected in the third quarter, according to the latest gross domestic product report, which showed GDP rose by an annualized rate of 2.9%. That’s an improvement from the initial government reading in October that showed 2.6% growth …
Read More »Dow tumbles 500 points but could actually end the year in the green
[ad_1] New York CNN Business — Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or 1.5%, Monday. Still, the stock market remains in the midst of one heck of a fourth-quarter rally. The Dow enjoyed its best month …
Read More »China markets tank as protests erupt over Covid lockdowns
[ad_1] Hong Kong CNN Business — China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng (HSI) Index fell as much as 4.2% in early trading. It was last …
Read More »Tosca Musk, Elon’s sister, has a business venture of her own — and it’s all about romance and female sexuality
[ad_1] Atlanta, Georgia CNN — Tosca Musk strides onto the red carpet at a Regal Cinemas, statuesque in a white pant suit and glistening burgundy silk top. A hush comes over a group gathered outside the theater’s doors. Some whip out cell phones and start recording her every move. It’s …
Read More »Student loan relief: Biden administration notifies approved applicants as program remains tied up in courts
[ad_1] CNN — The Biden administration started notifying individuals who are approved for federal student loan relief on Saturday even as the future of that relief remains in limbo after lower courts blocked the program nationwide. The Department of Education began sending emails to borrowers who have been approved to …
Read More »UK budget: Britain is bringing back austerity. Here’s why
[ad_1] London CNN Business — The last time a British finance minister revealed tax and spending plans, markets went haywire and the country’s prime minister ultimately lost her job. The new government is not looking for a repeat performance. On Thursday, Chancellor Jeremy Hunt is due to unveil a budget …
Read More »FTX collapse: The latest updates on the cryptocurrency crisis
[ad_1] New Delhi CNN Business — Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to be felt on Monday. Prices of digital currencies fell again as the crisis engulfing the market deepened over the weekend. Bitcoin, the world’s biggest crypto has plummeted about 65% so …
Read More »Opinion: The judge blocking student loan relief for millions is wrong about the law
[ad_1] Editor’s Note: Steve Vladeck is a CNN legal analyst and a professor at the University of Texas School of Law. He is the author of the upcoming book “The Shadow Docket: How the Supreme Court Uses Stealth Rulings to Amass Power and Undermine the Republic.” The opinions expressed in …
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