Money Archives

Bitcoin rally may be the ‘mother of all bubbles’ says BofA

January 8, 2021 12:30 pm CNN Newsource

Bitcoin prices have doubled in less than a month to more than $40,000. And while cryptocurrency bulls argue this stunning surge is justified, some on…

Stocks pull back as stimulus hopes fade

January 8, 2021 12:09 pm CNN

Bad news was good news for Wall Street early Friday. Stocks rose at the opening bell to hit more new records — despite the fact that the United…

Twitter and Trump are now locked in a game of chicken

January 8, 2021 10:56 am CNN

President Donald Trump’s tweeting privileges have now been restored following Twitter’s temporary lock on his account this week for…

Here’s why Apple could pick Hyundai for its iCar

January 8, 2021 10:35 am CNN

Apple is reportedly in talks with Hyundai about cooperating on electric cars. A partnership with the South Korean company makes a lot of sense, but…

Corporate America is finally divorcing Trump

January 8, 2021 10:00 am CNN

Lured by his promises of fat tax cuts and deregulation, Corporate America enthusiastically backed President Donald Trump following his shocking 2016…

Stocks hit new records despite dour jobs report

January 8, 2021 9:22 am CNN

Bad news is good news again on Wall Street. Stocks rose at the opening bell Friday to hit more new records — despite the fact that the United…

Restaurants like Olive Garden and Applebee’s were in trouble even before the pandemic

January 8, 2021 8:19 am CNN Newsource

If you grew up in the 1990s, you might remember a trip to Olive Garden or Applebee’s as the highlight of your week. Those days are gone. Over…

Biden’s work just got harder: America lost a staggering 140,000 jobs in December

January 8, 2021 7:43 am CNN Newsource

America’s job market recovery ground to a halt in December, making President-elect Joe Biden’s task to repair the economy that much…

Sen. Josh Hawley’s book canceled by publisher citing ‘deadly insurrection’ at Capitol building

January 8, 2021 6:47 am CNN Newsource

In an extraordinary move, Simon & Schuster announced Thursday that it would no longer publish a planned book by Sen. Josh Hawley, one of the…

KFC is finally upgrading its chicken sandwich

January 8, 2021 5:35 am CNN

Colonel Sanders is entering 2021 ready to rumble in the seemingly never-ending chicken sandwich wars. KFC is finally updating its fried chicken…

America needs jobs. It’s now up to Democrats to deliver

January 8, 2021 4:47 am CNN

The latest US jobs report, due Friday, is set to include an alarming figure. Economists polled by Refinitiv expect to learn that just 71,000 jobs…

Boeing agrees to pay $2.5 billion to settle charges it defrauded FAA on 737 Max

January 8, 2021 3:50 am CNN Newsource

Boeing reached a $2.5 billion settlement with the Justice Department on Thursday to settle criminal charges that the company defrauded the Federal…

Joe Biden’s economic agenda is suddenly alive again. America could use the jobs

January 8, 2021 3:42 am CNN

Democrats are taking control of the Senate, breathing new life into President-elect Joe Biden’s economic agenda at a time America’s job…

Elon Musk overtakes Jeff Bezos to become world’s richest person

January 8, 2021 2:41 am CNN

Elon Musk edged past Amazon founder Jeff Bezos to grab the title of world’s richest person, according to Bloomberg. A 6% rise in Tesla shares…

Joe Scarborough lambasts Capitol police: You opened the f***ing doors for them

January 7, 2021 1:36 pm CNN Newsource

The morning after rioters violently stormed the US Capitol, “Morning Joe” co-host Joe Scarborough passionately reprimanded Capitol police…

Stocks soar to record highs as Wall Street looks past Washington violence

January 7, 2021 1:05 pm CNN Newsource

Stocks rallied to new all-time highs on Thursday, as Wall Street continues to be unfazed by the prior day’s violent clashes on Capitol Hill.…

Facebook bans Trump from posting for remainder of his term in office

January 7, 2021 12:37 pm CNN

Facebook and Instagram will ban President Donald Trump’s account from posting for at least the remainder of his term in office and perhaps…

Bitcoin tops $40,000 — just days after passing $30,000

January 7, 2021 12:16 pm CNN Newsource

Bitcoin first topped $19,000 in December 2017 before crashing spectacularly to around $3,200 a year later. But long-term buy and hold bitcoin bulls,…

Saint Paul mayor: Now that Democrats are in control, let’s really help struggling Americans

January 7, 2021 11:33 am CNN

With Democrats preparing to control the presidency, House and Senate in 2021, we have an opportunity — and a duty — to authorize a bold…

Goldman Sachs predicts faster economic recovery after Democrats sweep Georgia

January 7, 2021 11:15 am CNN Newsource

The surprise sweep by Democrats in Georgia should pave the way for a faster economic recovery from the pandemic, says Goldman Sachs. The bank…