financial markets and investment

China fuels markets as protests erupt over Covid lockdowns |  CNN Business

China fuels markets as protests erupt over Covid lockdowns | CNN Business

hong kong CNN Business — China’s major stock indexes and its currency opened sharply lower on Monday as widespread protests over the country’s tough Covid-19 restrictions over the weekend rattled investor sentiment. Hong Kong Hang Seng Index (HSI) fell 4.2% in early trading. It has since pared some losses and last traded 2% lower. The …

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West struggles to set oil price cap that hurts Russia |  CNN Business

West struggles to set oil price cap that hurts Russia | CNN Business

London CNN Business — Ukraine’s allies want to put a price cap on Russian oil. But there’s a problem: they can’t agree on a figure that would put pressure on the Kremlin. The biggest Western economies agreed earlier this year to cap the price of Russia’s most valuable export and pledged to work out the …

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Everyone from the veterinarian to the hairdresser is raising prices.  And there's no relief in sight |  CNN Business

Everyone from the veterinarian to the hairdresser is raising prices. And there’s no relief in sight | CNN Business

Minneapolis CNN Business — When Teri Byrd opened her 4 Paws veterinary clinic in Vashon, Washington four years ago, her goal was to grow the business. And she succeeded – at first. But Covid has disrupted his business as it has for many others. After the first pandemic closures, his business was helped by federal …

Everyone from the veterinarian to the hairdresser is raising prices. And there’s no relief in sight | CNN Business Read More »

Elizabeth Holmes sentenced to more than 11 years in prison for fraud |  CNN Business

Elizabeth Holmes sentenced to more than 11 years in prison for fraud | CNN Business

CNN — Elizabeth Holmes was sentenced to more than 11 years in prison on Friday following her conviction in January for defrauding investors while running the failed blood testing startup Theranos. Judge Edward Davila imposed a sentence of 11 years and three months in prison, with a further three years of supervision after Holmes’ release. …

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Elon Musk's 50 billion dollar lawsuit is coming to an end |  CNN Business

Elon Musk’s 50 billion dollar lawsuit is coming to an end | CNN Business

washington d.c. CNN — The trial of Tesla shareholders’ lawsuit examining CEO Elon Musk’s unprecedented compensation package concluded on Friday afternoon. Chancellor Kathaleen McCormick has not issued a decision from the bench, and it could take weeks to months before a decision is made. “We have a lot of work ahead of us,” McCormick told …

Elon Musk’s 50 billion dollar lawsuit is coming to an end | CNN Business Read More »

Global investors bullish on China again as Beijing shifts to damage control |  CNN Business

Global investors bullish on China again as Beijing shifts to damage control | CNN Business

hong kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in office and piled his best team with loyalists in a sweep not seen since Mao era. But last week, a series of unexpected moves from Beijing — the easing …

Global investors bullish on China again as Beijing shifts to damage control | CNN Business Read More »

Inflation is cooling and Wall Street is loving it |  CNN Business

Inflation is cooling and Wall Street is loving it | CNN Business

New York CNN Business — Inventories were mostly higher on Tuesday after the US government announced that wholesale prices rose at a much less dramatic pace than expected. The news comes just days after another report showed the pace of consumer price increases was also slowing. The Dow was flat midday, having given up much …

Inflation is cooling and Wall Street is loving it | CNN Business Read More »

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair |  CNN Business

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business

New York CNN Business — In just three years, Sam Bankman-Fried has transformed FTX into a massive crypto exchange backed by big-name investors and valued at $32 billion. It only took a few days for it all to implode into a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial crisis, told …

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business Read More »

Tech stocks were crushed.  What's next for the FAANG?  |  CNN Business

Tech stocks were crushed. What’s next for the FAANG? | CNN Business

New York CNN Business — The great bull run for tech stocks may finally be over. It’s been a brutal year for big companies in Silicon Valley. Apple’s (AAPL) stock is down about 16% in 2022, making it the “best” performance of Big Tech’s so-called FAANGs. Facebook owner Meta, Amazon (AMZN), Netflix (NFLX) and Google …

Tech stocks were crushed. What’s next for the FAANG? | CNN Business Read More »