[ad_1] London CNN Business — The first images of banknotes featuring Britain’s King Charles III were unveiled on Tuesday by the Bank of England. Charles’ portrait will appear on English notes of £5, £10, £20 and £50. Meanwhile, the rest of the design will remain the same as the current …
Read More »Dow and S&P 500 updates: Stock market news
[ad_1] New York CNN — The good vibes on Wall Street are fading fast: US stocks tumbled yet again Friday as investors come to grips with a souring economy. The Dow fell 200 points, or 0.6%. The S&P 500 was down 0.5%, and the Nasdaq Composite was unchanged. CNN Business’ …
Read More »Premarket stocks: The Grinch comes for retailers
[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Weaker-than-expected retail sales in November pummeled market sentiment …
Read More »US consumers pulled back their spending last month as inflation took a toll
[ad_1] Minneapolis CNN — US retail sales fell sharply at the start of the holiday shopping season, dropping by 0.6% during the month of November, according to data released Thursday by the Commerce Department. Pullbacks in auto sales helped drive the decline — the largest monthly decrease seen all year …
Read More »Binance withdrawals jumped to $3 billion in 24 hours, Nansen says
[ad_1] Hong Kong CNN — Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as the world’s largest cryptocurrency exchange confronted investor jitters amid a deluge of negative headlines about the industry. Andrew Thurman, content lead for Nansen, told CNN that at …
Read More »Student loan forgiveness: 9 million people received emails that mistkanely said their application was approved
[ad_1] Washington CNN — About nine million people received an email last month from the Department of Education that mistakenly said their application for student loan forgiveness had been approved, adding to the confusion surrounding President Joe Biden’s debt relief program. Thus far, no one has received debt forgiveness because …
Read More »US lawmakers set to grill Sam Bankman-Fried on the collapse of FTX
[ad_1] New York CNN — With his vast crypto empire in ruins, Sam Bankman-Fried is preparing to be grilled by US lawmakers who are demanding answers about how his digital asset exchange, FTX, came unraveled, leaving at least a million customers unable to access their funds. Bankman-Fried tweetedf Friday that …
Read More »Bankruptcy worries swirl around used car retailer Carvana
[ad_1] New York CNN — Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published reports and a bearish analyst’s call that slashes its share-price target to $1. In mid-afternoon trading, Carvana, best known for its auto vending machine concept, stands at about …
Read More »Reuters: Former Theranos COO sentenced to nearly 13 years
[ad_1] CNN Business — Ramesh “Sunny” Balwani, the former chief operating officer of failed blood testing startup Theranos, was sentenced Wednesday to nearly 13 years in prison for fraud. It marks an end to the stunning downfall of a high-flying Silicon Valley company that resulted in the rare convictions of two tech executives. “There …
Read More »Morgan Stanley upgrades China stocks as global investors cheer on Covid reopening hopes
[ad_1] Hong Kong CNN Business — Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind Covid restrictions following widespread protests. Multiple cities across China loosened Covid-19 restrictions over the weekend. Starting Monday, Shanghai residents will no longer require a negative Covid test …
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