Company profits haven’t been under this much pressure since 2016
Happy Sunday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.…
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Kik app won’t shut down after acquisition by MediaLab
The messaging app Kik was on the verge of shutting down, but a holding company, MediaLab, bought it and will invest in its future, the company said.…
Continue Reading Not all recessions are a crisis, and the next one won’t be as bad as 2008
Recession fears are on the rise in the United States. Memories of the last downturn are exacerbating these worries: The last time America faced a…
Continue Reading Stocks would rally if Trump quits, Wall Street firm predicts
Wall Street could learn to love a President Pence. At least that’s what Raymond James thinks. The investment firm predicted that the bull…
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Boeing’s latest 737 Max problems could come at huge cost
For Boeing, a very bad 2019 keeps getting worse. And potentially much more expensive. Boeing is already on record that it is counting on getting…
Continue Reading Apple may launch high-end AirPods Pro later this month
One of Apple’s most popular products may soon be getting a high-end counterpart. The company is expected to launch AirPods Pro, with a new…
Continue Reading Jamie Dimon says Libra will never happen, and he wishes he could take JPMorgan private
Jamie Dimon doesn’t think Libra, Facebook’s embattled cryptocurrency project, will ever get off the ground. “It was a neat idea…
Continue Reading Dow sinks 250 points as Boeing’s stock tanks
The Dow dropped some 250 points Friday, following a sharp drop in Boeing’s shares. Shares of Boeing, which has been hurt by the grounding of…
Continue Reading Google confirms Pixel 4 face unlock works with eyes closed
One of the major security features of the new Google Pixel 4 smartphone is that it can be unlocked through facial recognition. But a new BBC report…
Continue Reading Johnson & Johnson stock falls after asbestos found in baby powder
The bad news keeps coming for Johnson & Johnson: The company on Friday announced a voluntary recall of its popular baby powder after some bottles…
Continue Reading Mark Hurd, Oracle CEO, has died
Mark Hurd, CEO of Oracle and former CEO of Hewlett-Packard, two of Silicon Valley’s most storied companies, has died. He was 62. Oracle Founder…
Continue Reading Mark Zuckerberg gives speech depicting Facebook as at the center of struggle for free expression
Facebook CEO Mark Zuckerberg sought to recast the challenges facing his company in a historical light on Thursday, describing social media as a kind…
Continue Reading ‘A little disinformation goes a long way’: Inside the whistleblower lawyer’s fight against attempts to smear him and his client
Mark Zaid, the lawyer representing the anonymous whistleblower whose complaint has touched off an impeachment inquiry into President Trump, was…
Continue Reading We asked a hacker to try and steal a CNN tech reporter’s data. Here’s what happened
I share, therefore I am. I am the kind of person who posts Instagram photos (filtered, of course) from my vacation. I am also the kind of person who…
Continue Reading Swiss banks are charging millionaires to store their money
Instead of paying interest on deposits, Swiss banks are starting to charge wealthy customers to stash their cash. Credit Suisse said Friday that the…
Continue Reading AB InBev accuses rival of obtaining the secret recipe for Bud Light
Anheuser-Busch InBev has accused rival brewer Miller Coors of obtaining the secret recipes for Bud Light and Michelob Ultra, the latest shot in a…
Continue Reading Dave & Buster’s replaces Impossible Burger with competitor
Dave & Buster’s is taking the Impossible Burger off its menu, and swapping it out for a competitor. “We’ve upgraded to…
Continue Reading The Aramco IPO will help destroy the planet, environmental groups warn
Saudi Aramco is trying to pull off a monster IPO that will be a major rainmaker for Wall Street. But environmental groups are urging big banks to…
Continue Reading Samsung warning: Galaxy S10 and Note 10 owners should remove their screen protectors now
Samsung’s new high-tech fingerprint reader on the latest Galaxy smartphones has a major flaw: It can be fooled by the residue left by your…
Continue Reading China’s economic growth drops to lowest level since 1992
China’s growth dropped last quarter to its lowest level in nearly three decades, as the world’s second largest economy continues to feel…
Continue Reading With China’s latest GDP data, it’s hard to ignore fears about global growth
Happy Friday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.…
Continue Reading China says Apple CEO met top regulator in Beijing for a ‘deep discussion’
Apple CEO Tim Cook met with China’s top regulator this week for a “deep discussion” about a range of issues, according to the…
Continue Reading Some minority workers are up to 20% more likely than white workers to report canceled shifts at work
Retail and fast food work is notorious for erratic schedules. But new research finds hourly workers of color in the industries have more…
Continue Reading Intel will release data on how much it pays women and employees of color
Intel plans to release data on how much its employees are paid, broken down by gender, race and ethnicity, by the end of this year, the company…
Continue Reading Renault’s problems are piling up. Now its sales are slumping
Renault has told investors to expect weaker sales in 2019, a warning that raises new concerns about the health of the French carmaker after it ousted…
Continue Reading India is trying to build the world’s biggest facial recognition system
In July, Bhuwan Ribhu received some very good news. The child labor activist, who works for Indian NGO Bachpan Bachao Andolan, had launched a pilot…
Continue Reading New Brexit deal is still bad for business and the UK economy
British Prime Minister Boris Johnson says he has secured a “great new deal” on Brexit. But the agreement he’s struck with the…
Continue Reading Goldman Sachs spends less on employee pay as it focuses on tech products
Goldman Sachs is spending less on employee compensation and more on ramping up tech ventures. The bank’s chief financial officer, Stephen…
Continue Reading Facebook’s Mark Zuckerberg: Private companies should not censor politicians
Facebook CEO Mark Zuckerberg doesn’t believe Twitter should take away President Donald Trump’s digital megaphone. “My belief is…
Continue Reading 50,000 striking GM workers will now vote on tentative agreement
Striking General Motors workers will remain on the picket lines for at least another week, even as the United Auto Workers national council voted to…
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