Category Archives: CNN – Business

Stock are on a comeback. Dow rises 250 points

Stock are on a comeback. Dow rises 250 points

The Dow and the broader US stock market are grinding higher on Wednesday ahead of the release of Federal Reserve minutes in the afternoon. The Dow was trading more than 250 points higher, up 1%. The S&P 500 was also up 1% and the Nasdaq Composite rose 1.1%. All three indexes finished lower on Tuesday.…MORE

Is a recession coming? Here’s how to tell

Is a recession coming? Here’s how to tell

Warning bells are going off about a possible recession in America, perhaps in time for the 2020 election. The key to whether the US economy keeps growing or stalls rests largely on consumers, and whether or not they keep spending. So far, consumer spending has held up pretty well. That’s not surprising. Unemployment is near…MORE

Huawei executive Meng Wanzhou claims US and Canada unlawfully detained her

Huawei executive Meng Wanzhou claims US and Canada unlawfully detained her

Attorneys for Huawei’s chief financial officer want a Canadian court to halt her extradition case based on what they claim was misconduct by US and Canadian authorities. That argument was detailed in court documents released Tuesday in Vancouver, where Meng Wanzhou is awaiting a hearing on her possible extradition to the United States. Meng was…MORE

Tax cuts are back on the agenda. They’re not a done deal

Tax cuts are back on the agenda. They’re not a done deal

Happy Wednesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Central bankers will take center stage when they gather in Jackson Hole later this week. But for now, as investors sit and wait, monetary policy isn’t what’s generating the most…MORE

Alibaba will reportedly delay its second listing in Hong Kong

Alibaba will reportedly delay its second listing in Hong Kong

Alibaba has delayed plans to list its stock in Hong Kong, according to Reuters. The Chinese tech company already trades publicly in New York, but was reported to have been considering a second listing that Reuters said could raise as much as $15 billion. The plan was to list in August, Reuters said. The news…MORE

Asian markets mixed as all eyes turn to the Fed

Asian markets mixed as all eyes turn to the Fed

Markets are entering a holding pattern. Asian stocks were mixed Wednesday. Earlier they were mostly lower, taking a lead from declines overnight in the United States. In the absence of further developments on the US-China trade war, investors appear to be shifting their focus to what Federal Reserve Chairman Jerome Powell will have to say…MORE

Playboy columnist sues Trump White House over press pass suspension

Playboy columnist sues Trump White House over press pass suspension

Playboy magazine White House correspondent Brian Karem is going to court to fight for the immediate restoration of his press pass. He filed suit in federal court on Tuesday, naming President Trump and press secretary Stephanie Grisham as defendants, and alleging that the White House has violated his Constitutional right to due process. Karem, who…MORE

Netflix could face trouble ahead. Here’s why

Netflix could face trouble ahead. Here’s why

“13 Reasons Why” returns to Netflix this weekend for its third season, a show whose premise — originally built around the mystery surrounding a teen suicide — really should have wrapped up after one. In a way, the streaming service’s decision to hang onto that series, even as it irritates some subscribers by shedding others,…MORE

Facebook commissioned a study of alleged anti-conservative bias. Here’s what it found

Facebook commissioned a study of alleged anti-conservative bias. Here’s what it found

Facebook released the results of a year-long, independent investigation of the company’s alleged anti-conservative bias on Tuesday. Although Facebook has made some progress in eliminating anti-conservative bias, the company still has work left to do, the investigators say. The eight-page report, conducted by former Republican Senator Jon Kyl and others at the law firm Covington…MORE

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