Category Archives: CNN – Business

Stocks (mostly) rally as Wall Street cheers Biden’s stimulus package

Stocks (mostly) rally as Wall Street cheers Biden’s stimulus package

Wall Street was in rally mode Monday — for the most part. Tech stocks and other momentum darlings — the so-called FAANG stocks — weren’t invited to the party. The Dow surged more than 600 points, or 2%, on Monday as investors cheered the Senate’s passage of a Covid-19 relief package that aims to bolster…MORE

Twenty-somethings are finding their dream apartments on TikTok

Twenty-somethings are finding their dream apartments on TikTok

As vacant apartments pile up in big cities, real estate agents are increasingly turning to TikTok to match twenty-somethings with rentals that are a steal by pre-pandemic standards. City dwellers — or those aspiring to be one — often flock to sites such as StreetEasy, Zillow, Compass, Trulia and Craigslist for apartment listings. But some…MORE

Why Oprah’s interview with Meghan and Harry drew a staggering 17 million viewers

Why Oprah’s interview with Meghan and Harry drew a staggering 17 million viewers

Harry and Meghan’s interview with Oprah Winfrey was a cultural earthquake, with upwards of 17 million viewers measured by Nielsen’s TV ratings scale. CBS, citing Nielsen data, said the two-hour special averaged 17.1 million viewers on Sunday night in the United States. The interview also aired in some other countries on Sunday, and will air…MORE

First on CNN: Cameron Diaz wants to ship you her wine

Actress Cameron Diaz and fashion entrepreneur Katherine Power have a problem: Their new wine label is so popular that even they are having trouble tracking down bottles to buy. That’s about to become easier for them and their loyal fans. Avaline, an organic wine label co-founded by the duo last year, is now selling wine…MORE

Top tech stocks are in correction territory. Here’s why

Top tech stocks are in correction territory. Here’s why

Apple shares are down more than 15% from their January high. Amazon’s stock is off 11% from a recent peak in early February. And chipmaker Nvidia has seen its shares plunge nearly 19% since the middle of last month. What’s happening: Tech companies are getting hammered by the recent sell-off in markets. Many stocks in…MORE

Deliveroo promises some riders $14,000 when it IPOs. Most will get far less

Deliveroo promises some riders $14,000 when it IPOs. Most will get far less

Amazon-backed food delivery startup Deliveroo has announced plans to give some of its busiest riders £10,000 bonuses ($13,850) when it goes public in a huge London IPO. Deliveroo on Monday confirmed plans to list on the London Stock Exchange following a surge in business during the pandemic. The total value of transactions processed on its…MORE

Chinese selfie app pours cash into bitcoin and could buy more

Tesla turned heads last month when it revealed that it had invested big in bitcoin. Now a Chinese company is jumping on the cryptocurrency bandwagon, too. Meitu, a tech firm known for a popular photo-editing app, said Sunday that it bought some $40 million worth of cryptocurrency. That includes about $18 million worth of bitcoin…MORE

‘Self-serving’: UK media tabloids hit back at Meghan and Harry’s interview

British tabloids are hammering Meghan, Duchess of Sussex, and her husband Prince Harry after their explosive interview with Oprah Winfrey. Meghan revealed during the sit-down conversation that life within the royal family was so isolating, lonely and lacking in support that she had experienced suicidal thoughts. She also said that individuals within the institution had…MORE

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