Category Archives: CNN – Business

The reason it’s so easy for wealthy Americans to hide their money — and how to stop it

The reason it’s so easy for wealthy Americans to hide their money — and how to stop it

The revelations from the Pandora Papers have rocked the world. They showed that wealthy celebrities, political figures, billionaires and heads of state around the globe are sheltering assets in offshore tax havens, including here in the United States. As with the Panama Papers that were released five years ago, not too many Americans were caught…MORE

Bitcoin tops $60,000 as investors bet on ETF approval
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Bitcoin tops $60,000 as investors bet on ETF approval

Bitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund. Cryptocurrency investors were excited by a tweet from the verified account of the SEC’s Office of Investor Education and Advocacy late Thursday that said, “before investing in a fund…MORE

The glitzy electric Mercedes EQS could be the most important Mercedes in decades
Peter Valdes-Dapena/CNN

The glitzy electric Mercedes EQS could be the most important Mercedes in decades

The all-electric Mercedes EQS may well be one of the most important cars in company’s history. And that’s saying a lot, because that’s a whole bunch of history. Mercedes-Benz and its direct ancestor companies have been making internal combustion-powered automobiles longer than any company on Earth. Karl Benz applied for a patent on a gas-engined…MORE

Shoppers are still spending despite rising prices and supply chain woes
Yasin Ozturk/Anadolu Agency/Getty Images

Shoppers are still spending despite rising prices and supply chain woes

Prices on consumer goods are rising in the United States and tangled supply chains are making it harder for shoppers to always get exactly what they want. But these factors are not yet slowing down US shoppers. Consumers are still dishing out on sporting goods, clothing, furniture, and groceries and spending at bars and restaurants,…MORE

What big bank earnings tell us about America’s economy

What big bank earnings tell us about America’s economy

The biggest US banks move trillions of dollars around the world every day. That gives them a unique lens on how the economy is functioning, both in the United States and globally. And despite concerns about inflation, workers quitting, supply chain issues and slowing growth, bank executives just delivered a clear message to investors: We’re…MORE

William Shatner says Prince William is ‘missing the point’ of space tourism
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William Shatner says Prince William is ‘missing the point’ of space tourism

William Shatner is firing a rhetorical rocket back at Prince William after the future king criticized space tourism. Shatner, who blasted into space earlier this week on one of Amazon founder Jeff Bezos’ rockets, said the British royal has “got the wrong idea” by saying that solving problems on Earth should be prioritized over tourist…MORE

‘Ghost towns’: Evergrande crisis shines a light on China’s millions of empty homes
Qilai Shen/Bloomberg/Getty Images

‘Ghost towns’: Evergrande crisis shines a light on China’s millions of empty homes

Evergrande‘s unraveling is still commanding global attention, but its troubles are part of a much bigger problem. For weeks, the ailing Chinese real estate conglomerate has made headlines as investors wait to see what will happen to its enormous mountain of debt. As the slow-moving crisis unfolds, analysts are pointing to a deeper underlying issue:…MORE

Missouri governor threatens legal action against journalist who found flaw that exposed Social Security numbers
Jeff Roberson/AP

Missouri governor threatens legal action against journalist who found flaw that exposed Social Security numbers

Missouri Gov. Mike Parson on Thursday called for an investigation of a journalist for finding, helping fix and reporting about a vulnerability in a government website that exposed the Social Security numbers of teachers in the state. Parson said he had notified the Cole County prosecutor and that the Missouri State Highway Patrol was investigating…MORE

Elizabeth Warren backs Deere strike, saying workers have gotten the short end of the stick ‘for decades’
Meg McLaughlin/Quad City Times/AP

Elizabeth Warren backs Deere strike, saying workers have gotten the short end of the stick ‘for decades’

Democratic Senator Elizabeth Warren voiced her support Thursday for striking John Deere workers, saying that the recent spate of high-profile strikes signals a shift in the balance of power between business and workers. “Workers have gotten the short end of the stick for decades now,” Warren told CNN in a phone interview. “And the government…MORE

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