Category Archives: CNN – Business

China is ratcheting up its battle to rescue a slumping economy

China is ratcheting up its battle to rescue a slumping economy

China’s central bank is further loosening its purse strings as the country grapples with a slumping economy and a prolonged trade war with the United States. On Wednesday, the People’s Bank of China cut its new benchmark lending rates by five basis points. The one-year loan prime rate (LPR) dropped to 4.15% from 4.20% in…MORE

Alibaba on track to raise $12.9 billion in Hong Kong listing

Alibaba on track to raise $12.9 billion in Hong Kong listing

Alibaba’s highly anticipated Hong Kong debut has a price tag. China’s largest e-commerce company is expected to price its shares at 176 Hong Kong dollars ($22.50) each, a person familiar with the matter told CNN Business. That’s a roughly 3% discount to Alibaba stock’s closing price in New York, where it has traded since 2014.…MORE

Seven C-SPAN cameras give us all the angles of the impeachment inquiry

Seven C-SPAN cameras give us all the angles of the impeachment inquiry

Tuesday’s marathon hearing in the Trump impeachment inquiry began at 9 a.m. Eastern and ended around 8:25 p.m. On Fox News, Tucker Carlson was dismissive of the four witnesses, saying “the circus train of impeachment remains stalled on the tracks.” But others saw a deepening crisis rather than a circus. On CNN, Jeffrey Toobin said…MORE

Why this week is a ‘major turning point’ for America’s daily newspapers

Why this week is a ‘major turning point’ for America’s daily newspapers

Let’s take a close look at what’s happening at three of the biggest newspaper owners in the United States. Because, after all, changes at local newspapers have ramifications for communities big and small, from coast and coast and all the points in between. “This week marks a major turning point in the already-churning U.S. daily…MORE

North America’s economy is the most resilient against climate change

North America’s economy is the most resilient against climate change

Climate change will have an impact on economic growth over the next decade — and not for the better. North America is no exception, but it is better off than the rest of the world. By 2050, climate change will shrink the US economy by 1.1%, according to a report from the Economist Intelligence Unit.…MORE

Allbirds co-founder: Amazon’s lookalike shoe undermines our sustainability efforts

Allbirds co-founder: Amazon’s lookalike shoe undermines our sustainability efforts

Allbirds co-founder Joey Zwillinger called out Amazon for releasing a private-label shoe that looks nearly identical to his company’s iconic “Wool Runner” sneakers in an interview with CNN’s Christiane Amanpour Monday. Zwillinger said trying to compete against the tech giant as a relatively new startup is not exactly a “fair fight” and that the lookalike…MORE

Gannett CEO: ‘Protecting journalism is the right thing to do’

Gannett CEO: ‘Protecting journalism is the right thing to do’

New Gannett is here. The merger between US newspaper giants Gannett and GateHouse closed on Tuesday, ushering in an era of cost-cutting, including layoffs, for the new entity composed of hundreds of local newsrooms. The combined company is retaining the Gannett name. Media advocates have feared the merger’s repercussions to local newsrooms since the deal…MORE

Boeing to fix engines on 7,000 jets after fatal accident probe

Boeing to fix engines on 7,000 jets after fatal accident probe

Investigators of a fatal accident on a Southwest Airlines plane last year recommend that Boeing retrofit the engines of nearly 7,000 jets to prevent a repeat of the accident. A single passenger was killed on the plane when a fan blade broke and caused part of the engine covering to hit the side of the…MORE

‘Shark Tank’s’ Mr. Wonderful is bullish on dividend stocks and tech giants

‘Shark Tank’s’ Mr. Wonderful is bullish on dividend stocks and tech giants

Mr. Wonderful is coming to Wall Street. Kevin O’Leary, who is best known for being one of the entrepreneurs fielding investment pitches on the ABC show “Shark Tank,” is also chairman of O’Shares Investments, a firm that runs a family of exchange-traded funds. O’Leary is very bullish about the stock market, telling CNBC in August…MORE

There is no custom code to display.