Category Archives: CNN – Business

China plans to lift tariffs on some US soybeans and pork products

China plans to lift tariffs on some US soybeans and pork products

China is planning to exempt some US soybeans and pork products from tariffs, a move that could take some heat out of talks aimed at agreeing on a truce in the trade war. The country’s finance ministry said Friday that it would waive taxes levied on some imports once companies had applied for exemptions. It…MORE

US pharma companies really do want Britain to pay more for drugs

US pharma companies really do want Britain to pay more for drugs

When President Donald Trump arrived in the United Kingdom this week, he landed bang in the middle of a huge political fight about the country’s National Health Service. One of the biggest issues in the UK election slated for December 12 is what a trade deal with the United States after Brexit might look like,…MORE

Asian stocks tick up following Trump’s upbeat signals on a trade deal

Asian stocks tick up following Trump’s upbeat signals on a trade deal

Asian markets were cautiously optimistic on Thursday, as President Donald Trump’s latest remarks on US-China trade talks sent a flicker of hope through the region. South Korea’s Kospi advanced around 1%, while Japan’s Nikkei 225 edged up about 0.3%. Hong Kong’s Hang Seng gained as much as 0.9%. China’s Shanghai Composite added around 0.2%. Markets…MORE

The Santa Claus business is booming, even as malls struggle

The Santa Claus business is booming, even as malls struggle

Retailers looking to get Americans off e-commerce sites and into physical stores this holiday season may be relying on Santa Claus more than ever. Department stores, such as Kohl’s, have struggled to bring post-Thanksgiving shoppers into their brick-and-mortar locations so far this year. A handful of big-box behemoths, including Walmart, Target and Best Buy, gobbled…MORE

Elizabeth Warren wants to make it harder for big banks to get bigger

Elizabeth Warren wants to make it harder for big banks to get bigger

If big banks held marriage ceremonies to celebrate their mergers, Elizabeth Warren would be the first one to shout, “I object!” Warren fears these tie-ups will create Too-Big-To-Fail institutions like those at the heart of the 2008 financial crisis. That’s why the 2020 Democratic presidential candidate plans to introduce legislation that takes direct aim at…MORE

Former Playboy model Karen McDougal sues Fox News for alleged defamation

Former Playboy model Karen McDougal sues Fox News for alleged defamation

Karen McDougal, a former Playboy model who said she had an affair with Donald Trump before he was elected President, filed a lawsuit Thursday against Fox News alleging the news organization defamed her. In the lawsuit, which was filed in a New York state court, McDougal accused host Tucker Carlson of acting with a “reckless…MORE

Beyond Burgers are coming to Costco

Beyond Burgers are coming to Costco

Beyond Burger fans can now buy fake meat in bulk. Beyond Meat will begin selling its plant-based burgers at Costco. To match Costco customers’ love for big sizes, Beyond Meat will — for the first time — sell an eight-pack of patties for $14.99. The burgers are typically sold in packs of two. The burgers…MORE

Saudi Aramco raises $25.6 billion in the world’s biggest IPO

Saudi Aramco raises $25.6 billion in the world’s biggest IPO

Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly. Saudi Aramco sold 3 billion shares at 32 riyals ($8.53) each in its IPO, the company said Thursday. That means the deal raised more than China’s Alibaba in its 2014…MORE

He tried to fix Macy’s. Now he is the new Tractor Supply CEO

He tried to fix Macy’s. Now he is the new Tractor Supply CEO

Macy’s can’t catch a break. The struggling department store chain’s stock is down nearly 50% this year. And now it is losing a top executive to a farming supplies chain. Hal Lawton, a veteran of eBay and Home Depot who only joined Macy’s as president in September 2017, said Thursday that he’s leaving to become…MORE

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