Money Box: Cryptocurrency scam victim discusses his losses We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info LUNA fell last week in a cryptocurrency landslide that extracted billions from […]

New York (CNN Business)Wide leg jeans, butterfly clips and half-point rate increases: The 1990s are back. Earlier this month Federal Reserve chair Jerome Powell announced a half-percentage-piont increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn’t hesitate to do it again — a move straight out of the central bank’s 1994 playbook, […]

Following the sharp pullback to close out the previous week, stocks showed another substantial move to the downside during trading on Monday. With the continued sell-off, the tech-heavy Nasdaq tumbled to its lowest closing level since November 2020, while the Dow and the S&P 500 also hit one-year closing lows. The major averages saw continued weakness going into the close, […]

New York (CNN Business)McDonald’s became the symbol of glasnost in action 30 years ago when it opened its first restaurant in Moscow. But after temporarily shutting down more than 800 restaurants following the invasion of Ukraine, McDonald’s has decided to leave Russia altogether. The burger chain will sell its Russia business, saying the “humanitarian crisis caused by the war in […]

FILE PHOTO: A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File Photo(Reuters) -ManTech International Corp on Monday entered into an all-cash buyout deal of $3.93 billion from private equity firm Carlyle Group Inc, sending the U.S. defense contractor’s shares up 11%. Carlyle said it had offered $96 per share, representing a […]

Ukrainian troops who are fighting back against Russian military in the Kharkiv region have reached the border with Russia, reports quoting the region’s governor said. Troops restored a Ukrainian sign marking the border, says Oleh Sinegubov, who is the governor of Ukraine’s second largest city and home to 1.4 million people. Ukrainian forces have been retaking territory in north-eastern areas […]

New York (CNN Business)Pizza places have always been experts when it comes to delivery, flexing with remote drop-offs and robot delivery cars. But now they’re facing a problem: not enough drivers. In early March, Domino’s then-CEO Ritch Allison warned that a driver shortage would be a drag on business. “Delivery driver staffing may remain a significant challenge in the near […]

New York (CNN Business)Outback Steakhouses of the future won’t be nearly as expansive as the outback itself. Like many casual dining chains, Outback is pivoting toward a post-pandemic future in which delivery and takeout orders are increasingly important to the bottom line. So the chain, known for its Bloomin’ Onions and steaks, is reducing the size of its restaurants by […]

In January, Mike Novogratz — hedge fund rock star turned crypto heavy hitter — tweeted a picture of a sizeable new tattoo on his left shoulder. It featured the image of a wolf howling at the moon and a banner saying “Luna”, a cryptocurrency then trading at $78. “I’m officially a Lunatic!!!” enthused the one-time macro investor at the Fortress […]

An administrative law judge’s recommendation that Xcel Energy-Colorado be allowed to recover approximately $509 million from customers for costs from a 2021 winter storm led Gov. Jared Polis to denounce letting utilities “balance their financial loss on the backs of consumers.” The Colorado Public Utilities Commission will decide whether Xcel Energy, the state’s largest electric utility, can pass on some […]