London (CNN Business)As the Omicron variant sweeps through the United Kingdom, pushing daily coronavirus infections to their highest level on record, British businesses are shutting their doors again — but not because of government instructions. Restaurants and other venues are instead deciding they have no choice but to close early […]

Germany’s consumer price inflation crossed 5 percent in November, largely driven by a low base effect and higher energy and food prices, while prices decreased from the previous month due a seasonal slump in prices for package holidays, latest figures from the statistical office Destatis confirmed Friday. The consumer price […]

Sony Music Group said it has acquired Bruce Springsteen’s entire recorded music and songwriting catalogs, confirming numerous media reports over the past 24 hours. The combined value of the separate recording and publishing deals reportedly could reach the $500 million range or even as high as $600 million. Financial terms […]

European stocks may open on a cautious note Friday, with worries surrounding China’s property sector likely to be in focus after China Evergrande Group and Kaisa Group Holdings officially defaulted on their dollar debt. In another significant development, China’s yuan weakened sharply from a 3-1/2-year high against the dollar after […]

Shortly after the Los Angeles Police Department launched an investigation this morning into allegations of rape against former Sex and the City star Chris Noth, a recent Peloton ad featuring the actor was scrubbed from the company’s social media accounts. Noth appeared in the first episode of HBO Max’s SATC […]

EXCLUSIVE: The Coalition of Asian Pacifics in Entertainment and Janet Yang Productions today announced that they’re partnering for a new Short Film Challenge, which will provide production grants of $15,000 to four AAPI women or non-binary filmmakers. Those looking to take part in the inaugural challenge supported by Julia S. […]

(This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates in your inbox, subscribe here.) We exited our position in Estee Lauder (EL), selling 100 shares at roughly $365.67. Following the trade, the Charitable Trust no longer holds a position […]

Some technology stocks can still thrive in a rising rate environment, two traders say. The Federal Reserve said Wednesday that it would accelerate the taper of its bond purchases in its latest attempt to mitigate higher inflation, forecasting as many as three interest rate hikes in 2022. Though high-growth tech […]

A team of researchers at Hong Kong University's faculty of medicine found omicron replicates 70 times faster in human airways, but infection in the lungs appears less severe. The study is under peer review. Chan noted that a highly contagious virus like omicron may cause more severe disease and death […]

The market to buy a car could not be tighter. The supply of new and used cars in the United States is extremely low. At the same time, pent-up demand from the COVID-19 pandemic periods when dealers were not open has substantially driven up the number of people who want […]