Category Archives: CNN – Business

Bitcoin plunges overnight
Adobe Stock

Bitcoin plunges overnight

Bitcoin prices plummeted overnight to a low of about $43,000. As of 10:30 am EST Saturday, the cryptocurrency had dropped more than 13% in the previous 24 hours, from $56,294 to $48,309 — a loss of almost $8,000. That’s a stark contrast from its all-time high of just last month, when Bitcoin reached almost $69,000…MORE

Man-made diamonds are the new engagement ring trend
Signet Jewelers

Man-made diamonds are the new engagement ring trend

For many couples who recently cemented their commitment to each other with an engagement, the choice of ring featured not natural but man-made gemstones — including the center diamond. While a diamond continues to be the most popular type of engagement stone, nearly one in four engagement rings in 2021 featured a man-made center stone,…MORE

How Costco, Sam’s Club and BJ’s won the pandemic
Joe Raedle/Getty Images

How Costco, Sam’s Club and BJ’s won the pandemic

Few companies have gained more of an advantage during the pandemic than America’s warehouse club giants. During the early days of Covid, shoppers flooded into Costco, BJ’s and Sam’s Club — which were deemed “essential” businesses and stayed open through lockdowns — to load up on groceries and household staples such as toilet paper. Those…MORE

Banning US oil exports would be a ‘gift to OPEC and Putin,’ Big Oil CEO says
Simon Dawson/Bloomberg/Getty Images

Banning US oil exports would be a ‘gift to OPEC and Putin,’ Big Oil CEO says

President Joe Biden has already launched the biggest intervention into energy markets in a decade. Big Oil is nervous he’s not nearly done yet. For weeks, Democrats have been calling for Biden to go even further than releasing strategic oil reserves by banning US oil companies from shipping oil overseas. Despite pressure from lawmakers in…MORE

The Tesla ‘Cyberquad’ ATV still isn’t on sale, but a kid version is

The Tesla ‘Cyberquad’ ATV still isn’t on sale, but a kid version is

As Elon Musk wrapped up his presentation of the Tesla Cybertruck back in November 2019, he had one more thing he still wanted to show off. “Oh, yeah. We also made an ATV,” he said, as if he had nearly forgotten about it. A rider came out in an electric four-wheeled all-terrain vehicle and rode…MORE

Mark Cuban buys a small town in Texas, just because
Katharine Lotze/Getty Images

Mark Cuban buys a small town in Texas, just because

Mark Cuban, owner of the Dallas Mavericks, is having a Johnny Rose moment. The billionaire just bought the entire town of Mustang, Texas — a blip on the map off I-45, with a population of 21 people, according to the latest census data. The reason, Cuban told the Dallas Morning News: A buddy needed to…MORE

Big carmakers show they too can gain from the electric car shake-up
Josh Lefkowitz/Getty Images

Big carmakers show they too can gain from the electric car shake-up

Startup automakers, like Lucid and Rivian, often make the point that, as Tesla has shown, electric car shoppers are open to trying new brands. What’s true for startups, though, is also true for big automakers like Ford, General Motors and Volkswagen. For those long-established car companies, new electric vehicles are attracting customers who are not…MORE

Concert Calendar sponsored by Tim's Body Shop

Headlines