Here’s why the Fed may not be done cutting rates
The Federal Reserve will leave interest rates where they are when it meets Wednesday. With traders pricing in a nearly 98% chance that rates will…
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Luggage startup Away’s CEO is stepping down
Luggage startup Away confirmed Monday that co-founder Steph Korey would be stepping down from her role as CEO following a scathing report into the…
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Apple’s new Mac Pro could cost you more than $52,000
Apple’s new Mac Pro is about to go on sale. The top-of-the-line Mac, anticipated by power users for its jaw-dropping specs, and by Apple design…
Continue Reading Verizon Media plans to lay off 150 people this week
Verizon Media Group is laying off 150 staffers this week, which means the telecom company’s 2019 is ending much in the same way it started.…
Continue Reading Trade has put markets in a chokehold
The US stock market cared about only one thing this year: trade. So why were stocks so calm Tuesday following headlines about tariff delays and the…
Continue Reading The dirtiest UK election ever? Here are some of the lowest moments of the campaign
Dirty tricks are as much a feature of elections as a campaign button. But this year’s UK election has seen troubling levels of disinformation…
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Court clears ExxonMobil of misleading investors about cost of climate change
A New York judge Tuesday ruled that ExxonMobil did not mislead investors about how it accounted for the cost of climate change regulations. The suit,…
Continue Reading Jeremy Corbyn will nationalize UK utilities in 100 days. ‘Simply huge’ changes loom if Labour wins the election
Whoever wins this week’s UK election, there’s more at stake for businesses and investors than at any time since the 1970s — and…
Continue Reading Why Netflix may need to cut prices and run ads
Netflix executives have repeatedly said the company will not run ads to generate more revenue. But with competition getting more intense, one Wall…
Continue Reading Why you won’t fly on a 737 Max again for quite some time
Nobody knows for sure when Boeing will be able to secure approval to return the 737 Max to the skies. What’s certain is no passengers will fly…
Continue Reading Suspected Russian hand in UK election serves as warning to US for 2020
Leaked documents, provenance unknown, that seem to cast a political party in a negative light, appear online at a critical moment in an election…
Continue Reading CVS faces a $3.6 million penalty for failing to redeem recyclable containers in California
California is slapping CVS with a $3.6 million fine for not following state recycling laws. The action penalizes CVS Health Corp. for failing to…
Continue Reading Magic Leap is pitching its AR headset to businesses — just like Microsoft
More than a year since releasing its first augmented reality headset to developers, Magic Leap is now wooing companies with new enterprise-geared…
Continue Reading Facebook clashes with Justice Department over encryption
Facebook is resisting calls by Attorney General William Barr to delay the company’s rollout of encryption technology across its platforms,…
Continue Reading Why the Washington Post’s Afghanistan investigation is such a big deal
The Washington Post’s publication of US government papers about the 18-year-long Afghan war is being compared to the Vietnam-era Pentagon…
Continue Reading Ted Baker CEO Lindsay Page resigns as profits slump
Ted Baker’s nightmare year just got much worse. Shares in the fashion retailer plunged as much as 35% on Tuesday after the company slashed its…
Continue Reading The UK economy is at a standstill. Here’s how Jeremy Corbyn and Boris Johnson want to change that
The UK economy ground to a halt in the three months leading up to the end of October, official data show. The political parties competing in…
Continue Reading Why top investors think it’s time to dump US stocks
Happy Tuesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right…
Continue Reading A new Nike swimwear line includes a swim hijab
Nike’s Victory Swim Collection will include a full-coverage swimsuit and a swim hijab. The line, announced Tuesday, will be available globally…
Continue Reading Asian markets mixed after soaring pork prices push China’s inflation rate to eight-year high
Hong Kong and Chinese stocks slipped on Tuesday after official statistics indicated China’s consumer inflation rose by the quickest pace in…
Continue Reading Google under investigation for recent firing of four employees
Google is under investigation by the US government over its labor practices and the firing of several employees. The National Labor Relations Board…
Continue Reading Christmas sweater with Santa and cocaine forces Walmart to apologize
Walmart Canada is saying sorry for making available a Christmas sweater with an apparent drug reference. The sweater featured an image of Santa Claus…
Continue Reading SoftBank gives up on dog-walking startup Wag after investing $300 million
SoftBank raised eyebrows nearly two years ago when it pumped a staggering $300 million into a dog-walking startup called Wag. Now, after a series of…
Continue Reading Morgan Stanley is cutting about 1,500 jobs
Morgan Stanley is cutting approximately 1,500 jobs because of concerns about economic uncertainty around the world, a person familiar with the matter…
Continue Reading SpaceX wants to beam internet from space. This could be its biggest hurdle
SpaceX wants to be your next Wi-Fi provider. It’s hoping to build a constellation of satellites to deliver cheap, lightning-quick broadband…
Continue Reading Amazon claims Trump interfered with Pentagon contract in order to hurt Jeff Bezos
Amazon alleged on Monday that President Donald Trump abused his position to apply “improper pressure” on Pentagon decision-makers to stop…
Continue Reading NASA says moon rocket could cost as much as $1.6 billion per launch
After nearly a decade of funneling money into a project to build a gargantuan rocket that NASA hopes will return astronauts to the moon, the launch…
Continue Reading LinkedIn is getting serious about eco-friendly buildings
Many Silicon Valley companies want to reduce their carbon footprint, but some are doing so from the ground up. LinkedIn is using a more…
Continue Reading T-Mobile and Sprint head to court to defend their merger
Attorneys general from more than a dozen states are flexing their legal muscles in a landmark trial that could block T-Mobile’s $26 billion…
Continue Reading Climate change could wipe $2.3 trillion off global stocks
Policies designed to combat climate change could permanently slash the value of companies around the world by up to $2.3 trillion. That’s…
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