Category Archives: CNN – Business

Getting paid on Venmo or Cash App? This new tax rule might apply to you

Getting paid on Venmo or Cash App? This new tax rule might apply to you

If you use payment apps like Venmo, PayPal or CashApp, the new year ushered in a change to an IRS tax reporting rule that could apply to some of your transactions. The new rule, which took effect January 1, doesn’t impose any additional taxes on payment app users. But it does make it harder for…READ MORE

Financial adviser arrested and fired after throwing drink at smoothie shop employees following his son’s allergic reaction

Financial adviser arrested and fired after throwing drink at smoothie shop employees following his son’s allergic reaction

A Connecticut man has been arrested and lost his job after video surfaced of him yelling at employees of a smoothie shop Saturday, where he claimed his son received a drink with peanut butter, causing a severe allergic reaction sending him to the hospital. According to Fairfield Police, James Iannazzo picked up smoothies at a…READ MORE

The stock rout isn’t over: Dow tumbles
Spencer Platt/Getty Images

The stock rout isn’t over: Dow tumbles

Wall Street was in the red again Monday as investors worried about the Federal Reserve’s policy path, the tensions in Ukraine, earnings season and — of course — inflation. Stocks opened sharply lower and the S&P 500, the broadest measure of the US equity market, was on track to end the day in correction territory,…READ MORE

Sarah Palin tests positive for Covid-19 ahead of New York Times defamation trial, judge says
Michael S. Schwartz/Getty Images

Sarah Palin tests positive for Covid-19 ahead of New York Times defamation trial, judge says

Sarah Palin has reportedly tested positive for Covid-19, potentially delaying the start of the trial in her defamation suit against the New York Times. Her positive test was disclosed by Judge Jed Rakoff, who is overseeing the trial, in court on Monday morning according to Reuters. Rakoff said he learned of the postive test Sunday…READ MORE

Investors are feeling too giddy about the economy
Spencer Platt/Getty Images

Investors are feeling too giddy about the economy

The pandemic continues to call the shots for the economy. Each wave of the virus has done significant damage, with Omicron now hitting the economy hard. December retail sales slumped as households pulled back on spending, including travel, dining out at restaurants and attending Broadway shows. The airlines continue to struggle with flight cancellations as…READ MORE

Russian invasion would bring more fear to markets
Timothy Fadek/Redux for CNN

Russian invasion would bring more fear to markets

Uncertainty around the Federal Reserve’s plans just drove Wall Street to its worst week since the start of the pandemic. But it’s not the only reason traders are jittery. Investors are starting to tune in to the situation in Ukraine as fears grow that Russian President Vladimir Putin, who has been amassing troops on the…READ MORE

Peloton should put itself up for sale and fire its CEO, activist investor demands
Michael Nagle/Bloomberg/Getty Images

Peloton should put itself up for sale and fire its CEO, activist investor demands

The knives are out for Peloton and CEO John Foley. Blackwells Capital, an activist investor that owns less than 5% of Peloton, says it has “grave concerns” about its performance and is calling on its board of directors to fire Foley immediately and explore a sale. In an open letter Monday, the investment firm sharply…READ MORE

Krispy Kreme will give blood donors a dozen free doughnuts
Angus Mordant/Bloomberg/Getty Images

Krispy Kreme will give blood donors a dozen free doughnuts

Krispy Kreme is giving away free doughnuts to help combat a nationwide blood shortage. This week, the chain will give away a dozen original glazed doughnuts to people that donated blood to the American Red Cross. The promotion comes after the organization recently announced that it’s dealing with the worst blood shortage in over a…READ MORE

Ford reveals dune-jumping Bronco Raptor

Ford reveals dune-jumping Bronco Raptor

Ford just unveiled the Bronco Raptor, a high-performance version of its off-road Jeep Wrangler competitor. Based on desert racing trucks, this version has more power, bigger tires and taller suspension than a standard Bronco’s for bounding across sand dunes at “highway speeds,” according to Ford. The Bronco Raptor is powered by a turbocharged V6 engine…READ MORE

US suspends 44 China-bound flights from Chinese airlines
Chen Wen/China News Service/Getty Images

US suspends 44 China-bound flights from Chinese airlines

Washington is suspending more than three dozen flights from Chinese carriers over the next couple of months, the latest escalation in a spat over pandemic-related travel rules between the United States and China. On Friday, the US Transportation Department said it would suspend 44 China-bound flights operated by Chinese carriers from the United States between…READ MORE