Andrew Bailey is a safe choice to lead the Bank of England in uncertain times
The United Kingdom has picked a safe pair of hands — the country’s top financial regulator — to succeed Mark Carney as Bank of England…
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Chinese shoppers are spending more at home. Tiffany has big plans to cash in
Tiffany has been playing catch-up in China, and its CEO isn’t shy about saying it. The 182-year-old New York jeweler — which was recently…
Continue Reading China’s central bank kept a key lending rate on hold
Asian markets were mixed Friday while China held steady on its new benchmark lending rate. Hong Kong’s Hang Seng Index was last up 0.4%, while…
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Boeing to launch Starliner capsule built for NASA astronauts on final uncrewed test flight
A spacecraft built by Boeing will launch a milestone test flight Friday in what could be the last major step in a long-running mission to once again…
Continue Reading Facial recognition systems show rampant racial bias, government study finds
Federal researchers have found widespread evidence of racial bias in nearly 200 facial recognition algorithms in an extensive government study,…
Continue Reading Robinhood trading app fined for ‘failures’
Nothing is free, not even free trading. That point was driven home by “failures” uncovered by regulators at zero-commission trading app…
Continue Reading U.S. House passes Trump’s trade deal with Mexico and Canada
WASHINGTON, DC — The U.S. House of Representatives on Thursday passed President Donald Trump’s revised North American Free Trade…
Continue Reading Sean Hannity to write book for Simon & Schuster
Sean Hannity, the conservative radio personality and Fox News host who has been one of President Trump’s most ardent supporters, is working on…
Continue Reading Publishers prepare for new California law that puts limits on freelance journalists
Freelance journalists in California will either be out of work or face limitations on how much content they can produce for one publication. Those…
Continue Reading Boeing’s 737 Max production halt gives S&P, Moody’s pause
Boeing’s credit rating was trimmed by Moody’s and Standard & Poor’s, as the rating agencies said the aircraft maker’s…
Continue Reading IMAX had its best year yet, raking in more than $1 billion
Hollywood had a down year at the box office. Instead of going to traditional theaters, many moviegoers are streaming from the comfort of their…
Continue Reading ‘Fox & Friends’ gives its most powerful viewer some post-impeachment affirmation
There was one consistent theme on President Trump’s favorite morning show on the day after he was impeached: This historic rebuke will actually…
Continue Reading Facebook to ban census suppression on its platforms
Facebook said Thursday it will soon ban misinformation about the 2020 census in a bid to “promote an accurate count of every person in the…
Continue Reading Coke targeted teens by saying sugary drinks are healthy
Coca-Cola is under fire for trying to convince teenagers and moms that its sugary drinks are healthy, despite concerns that they contribute to…
Continue Reading Direct deposits were delayed by Federal Reserve glitch
Direct deposits and other financial transactions were delayed Thursday by a glitch at the Federal Reserve that has since been resolved. Banks were…
Continue Reading “Fifty Shades” trilogy takes the first three spots on the top 10 best-selling novels of the decade list
At the beginning of the decade, British author E.L. James’s erotic “Fifty Shades of Grey” novel became a surprise hit, selling…
Continue Reading Chipotle is redesigning some of its restaurants
Nearly 20% of Chipotle’s sales came from digital orders last quarter, and now it’s redesigning some of its stores to reflect the growing…
Continue Reading Boeing’s 737 Max crisis will weigh on America’s GDP growth in 2020
Boeing will halt production on its bestselling jet next month. That’s bad news for the American economy. The aircraft manufacturer Tuesday…
Continue Reading The biggest risks for stocks in 2020
Optimism over a “phase one” trade deal between the United States and China is pushing stocks to record highs in the final days of the…
Continue Reading YouTube burnout is real. Creators are struggling to cope
For eight years, Kati Morton, a mental health expert, has used YouTube to discuss sensitive issues ranging from eating disorders to anxiety. But…
Continue Reading From Instagram to TikTok: How social media evolved this decade
Shortly after midnight Pacific time on October 6, 2010, a new app built by a small team went live on Apple’s App Store. Right away, they…
Continue Reading Eight-year-old tops YouTube list of high earners with $26 million
An eight-year-old boy who reviews toys on YouTube has been named by Forbes as the platform’s highest earner in 2019. Ryan Kaji, whose channel…
Continue Reading More than 9,300 stores closed in 2019
2019 was another bruising year for many American retailers, despite healthy consumers and a strong economy. This year, US retailers announced 9,302…
Continue Reading IAC is spinning off dating website Match
IAC is consciously uncoupling with its stable of dating websites and apps. Match Group, which owns Match.com and popular dating apps Tinder and…
Continue Reading Bank of England press conferences were leaked to traders seconds before broadcast
UK regulators are looking into the unauthorized use of audio feeds from Bank of England press conferences that could have given traders access to…
Continue Reading The world’s oldest central bank ends its big experiment with interest rates
Happy Thursday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right…
Continue Reading Money has been leaving China at a record rate. Beijing is battling to stem the tide
Beijing is stepping up the battle to stop money flowing out of China as the country contends with economic woes and trade war tensions that have…
Continue Reading Ex-WorldCom CEO tied to $11 billion fraud granted early release from prison
Former WorldCom CEO Bernie Ebbers has been granted an early release from prison after serving 13 years of a 25-year sentence. A federal judge granted…
Continue Reading This logo won a design competition in China. It looks a lot like Disney’s
The Chinese city of Dalian has selected a new design for a logo aimed at promoting tourism. One problem: It looks an awful lot like Disney’s.…
Continue Reading Here’s why investors are looking at Macao this week
Macao gaming stocks rose in Hong Kong on Thursday after China’s central bank raised the amount of money that Macao residents can move into…
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