How the United States is exporting inflation to other countries

How the United States is exporting inflation to other countries

London CNN Business — The Federal Reserve is laser-focused on stemming price increases in the United States. But countries of thousands of miles away are reeling from its hardball campaign to strange inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes down the value of … Read more

Coolio, ‘Gangsta’s Paradise’ rapper, dead at 59

Coolio, ‘Gangsta’s Paradise’ rapper, dead at 59

CNN — Coolio, the ’90s rapper who lit up the music charts with hits like “Gangsta’s Paradise” and “Fantastic Voyage,” has died, his friend and manager Jarez Posey, told CNN. Hey what 59. Posey said Coolio died in the afternoon hours local time in Los Angles on Wednesday. Details of the circumstances were not immediately … Read more

LiveWire is the Latest EV Maker to go Public via SPAC Merger

photo: LiveWire Harley Davidson has sold off its electric bike brand LiveWire in the latest Special Purpose Acquisition Company merger to hit the EV space, a new study finds carmakers are just as bad for the environment as oil giants, and Bring a Trailer hits $1 billion in sales. All this and more in The … Read more

McDonald’s rejects franchise owners’ request to delay big changes, letter says

A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how … Read more

Alzheimer’s drug slows progression of cognitive decline in clinical trial, drugmakers say

CNN — A monoclonal antibody treatment for Alzheimer’s disease called lecanemab slows the progression of cognitive decline by 27% compared with a placebo, drugmakers Biogen and Eisai said Tuesday. The drug tested in a Phase 3 global clinical trial, also met all secondary endpoints, showing “target engagement” with reduced amyloid levels – a protein that … Read more

Is Beyond Meat beyond saving?

new York CNN Business — Having an executive allegedly bite someone’s nose might be the least of Beyond Meat’s problems. Investors have taken a big chomp out of Beyond Meat’s stock price as fears grow that the popularity of plant-based food may have reached a peak. Shares of Beyond Meat (BYND) were around $16 Wednesday. … Read more

M&M’S is adding a new character

new York CNN Business — Earlier this year, Mars shocked the internet when it unveiled new looks for its M&M’S characters. Gone were Green’s iconic go-go boots, replaced by sneakers. Online, mayhem ensued. Now, M&M’S is making another, bigger change — this time, it’s adding a brand new character to the mix. Meet Purple: She’s … Read more

UK central bank intervenes in market to halt economic crisis

LONDON (AP) — The Bank of England took emergency action Wednesday to stabilize UK financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring The central bank warned that crumbling confidence … Read more

5 things to know before the stock market opens Wednesday, September 28

Traders on the floor of the NYSE, Sept. 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Looking for a bottom For a while it looked hopeful US stock markets had fallen as far as they could this year. Since June, stocks had been … Read more

How do you even cheat in chess? Artificial intelligence and Morse code

CNN — It’s the story that has rocked chess and shown no sign of abating. The cheating scandal which has engulfed the sport, involving five-time world champion Magnus Carlsen, is all anyone is talking about. On Monday, Carlsen explicitly accused fellow grandmaster and rival Hans Niemann of cheating for the first time in a lengthy … Read more