The global artificial intelligence boom that has helped sustain Chinese economic momentum this year still can’t offset its domestic woes, particularly in its stock market.

#china

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World’s largest crypto exchange hit by world’s largest heist | CNN Business

Business & Economy

2w ago

World’s largest crypto exchange hit by world’s largest heist | CNN Business

Hackers stole over $6 billion in cryptocurrency on Thursday, shattering the record for the largest such heist as multiple investigators pointed the finger at North Korea.

#north-korea #cryptocurrency #binance

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Last snapshot of the US economy before midterms shows stronger growth but higher inflation | CNN Business

Business & Economy

2w ago

Last snapshot of the US economy before midterms shows stronger growth but higher inflation | CNN Business

US economic growth accelerated last quarter at its fastest pace in over a year; however, rising gas prices helped to lift inflation in September to a four-month high, new data showed Thursday.

#inflation

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He’s styled everyone from Rihanna to Naomi Campbell. Carlos Nazario’s first book isn’t what you might expect | CNN

Business & Economy

2w ago

He’s styled everyone from Rihanna to Naomi Campbell. Carlos Nazario’s first book isn’t what you might expect | CNN

The celebrated stylist, and newly announced editor in chief of Wonderland magazine, feels a unique mission to try to change perceptions of who and what is celebrated in fashion.

#rihanna #naomi-campbell #carlos-nazario

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The strange math that shows how Trump got Venezuela to ‘gift’ oil to the United States | CNN Business

Business & Economy

2w ago

The strange math that shows how Trump got Venezuela to ‘gift’ oil to the United States | CNN Business

President Donald Trump made an extraordinary announcement this week: Venezuela had gifted the United States 1 million barrels of oil – and it didn’t cost American taxpayers a dime.

#trump #venezuela #united

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Did the Fed just make a huge mistake? | CNN Business

Business & Economy

2w ago

Did the Fed just make a huge mistake? | CNN Business

The cost of living is Issue No. 1 for voters heading to the polls, but the Federal Reserve saw America’s persistent inflation problem Wednesday and opted not to do anything about it.

#cost-of-living #fed #inflation

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Fed set to hold rates steady in final move before midterms | CNN Business

Business & Economy

2w ago

Fed set to hold rates steady in final move before midterms | CNN Business

The US central bank is widely expected to hold rates steady after increasing borrowing costs last month for the first time since 2023. Follow for live updates

#rastra-bank

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The Fed says it ignores politics. Its rate moves tell a more complicated story | CNN Business

Business & Economy

2w ago

The Fed says it ignores politics. Its rate moves tell a more complicated story | CNN Business

Independence from elected officials isn’t just something Federal Reserve officials preach – it’s engrained in the central bank’s bylaws.

#rastra-bank #fed #inflation

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The markets are starting to act seriously weird. Blame AI | CNN Business

Business & Economy

2w ago

The markets are starting to act seriously weird. Blame AI | CNN Business

AI’s shaky balance sheets raise questions about circular financing that investors have long questioned but the industry and many traders have swept under the rug.

#blame #stock-market #starting

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Business & Economy

2w ago

Priced out of paradise on North Carolina’s coast | CNN Business

Homeowners on the Outer Banks can make far more renting to vacationers than to locals, and the workers who serve those visitors are paying the price. CNN’s Phil Mattingly met Stu Laird, a former tour guide who went from a home he’d rented for eight years to living in his truck in the dead of winter.

#homeowners #outer #phil

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Gas under Trump 2.0 is now more expensive than it was under Biden | CNN Business

Business & Economy

2w ago

Gas under Trump 2.0 is now more expensive than it was under Biden | CNN Business

On the campaign trail in 2024, Donald Trump promised to make gas dirt-cheap again and blamed record-high gas on the Biden-Harris “war on energy.”

#trump #biden

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When will there be a flying car in your garage? Not anytime soon. | CNN Business

Business & Economy

2w ago

When will there be a flying car in your garage? Not anytime soon. | CNN Business

People have been wishing for flying cars since the earliest days of flight and automobiles. Does Tesla’s demonstration earlier this month of a “flying” version of its new Roadster mean we’re close?

#tesla #roadster

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