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Renault stock sinks 10% despite emissions test denial…

Renault shares dropped by as much as 5% on Thursday after the company denied media reports that it cheated on emissions tests for decades. The automaker called the reports “unbalanced” and categorically denied any wrongdoing. “Renault vehicles are not equipped with cheating software affecting anti-pollution systems,” it said in a ...

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What the Fed rate hike means for homebuyers…

It’s a tough market for homebuyers. Prices are high and supply of available homes is low. And while the Federal Reserve’s rate hike could make home buying more expensive, house hunters shouldn’t start panicking yet. The Fed increased its benchmark interest rate by one-quarter of a percentage point on Wednesday. ...

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Fed raises rates, signals more to come in 2017…

Interest rates are going up. The Federal Reserve raised its key interest rate by 0.25 percentage point on Wednesday. It was just the third time that the Fed has increased rates since the financial crisis. That raises the Fed’s target for short-term interest rates to a range of 0.75% and ...

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Lobby group to train bankers to run for office…

Bankers who want to run for office are in luck. A powerful lobbying group has launched a training camp designed to help bankers become politicians. The American Bankers Association started taking applications on Tuesday for its first-ever “candidate school.” The pilot program is open to any banker who wants to ...

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Nike stars champion 'Equality' in new ad…

Nike says it’s time to stand up for equality in a new ad campaign. The company on Sunday launched a star-studded short film titled “Equality” to mark Black History Month. The ad features Nike-sponsored athletes LeBron James, Serena Williams, Kevin Durant, Gabby Douglas, among others, “amplifying their voices in an ...

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Startup deploys on-demand snowplows for Stella…

As snowstorm Stella sweeps across the Northeast, startup Plowz and Mowz has a solution for people who don’t want to shovel their driveways. The on-demand app lets customers order a snowplow directly to their home. “We’ve had jobs done in as little as five minutes,” cofounder Wills Mahoney told CNNTech. ...

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Business or pleasure? Rent these luxury hotel rooms for an a…

Need a place to crash for a few hours? Or a comfortable spot to host a business meeting? How about a quick luxury escape? Top hotels in major cities around the world are offering daytime room rentals at cut-rate prices through tech startup DayUse.com. Marriott (MAR) and the French hotel ...

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If you're older and lower income, prepare to pay more u…

Older working class Americans would get hit hard under the Republicans’ proposal to repeal and replace Obamacare. The Congressional Budget Office analysis, released Monday, found that a 64-year-old could see his premium on the individual market climb by as much as 25% under the GOP’s America’s Health Care Act. That’s ...

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Intel buys Israeli self-driving car firm for $15 billion…

Intel is snapping up self-driving car firm Mobileye in a deal worth $15.3 billion. The chipmaker confirmed the acquisition Monday, saying it will pay $63.54 per share in cash for the Israeli tech firm. Mobileye shares in New York soared 29% to $61.20 in midday trade, while Intel stock was ...

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'Lego Batman' producer, then Treasury sec?…

Steven Mnuchin had a pretty good weekend. First the treasury secretary pick advanced a step closer toward confirmation on Friday. Then his latest movie claimed the top spot at the box office. Mnuchin is an executive producer on Warner Bros.’ “The Lego Batman Movie,” which pulled in an estimated $55.6 ...

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