It’s ‘Groundhog Day’ for the trade-war-obsessed markets
Every day the alarm clock rings, and the same will-they-get-a-trade-deal-with-China debate grips the markets. The only difference from the 1993 movie…
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The world could be headed for a Great Stagnation
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.…
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IBM computer struggles in Cambridge debate on the dangers of AI
IBM’s fast-talking AI machine was the major attraction of a sell-out debate at Cambridge University on Thursday. But while it might have been…
Continue Reading The world’s best pension system is being pushed to the brink
Record low interest rates are forcing the world’s best pension system to take drastic action aimed at staving off cuts to payouts that were…
Continue Reading Huawei will soon be able to buy from some US suppliers again
Huawei suppliers in the United States are about to find out whether they can restart sales to the beleaguered Chinese company. The US Department of…
Continue Reading Asian markets broadly rise on trade deal optimism
Asian markets have been see-sawing this week on signals from US-China trade negotiations, and mostly edged up on Friday after fresh signs that the…
Continue Reading The first Shanghai-made Teslas are now rolling out across China
Tesla fans in China can now take a test drive in a Model 3 made in Shanghai. The first Chinese-made Tesla cars started arriving Friday in the…
Continue Reading Brick and mortar stores are hurting many retailers, but Nordstrom is pushing them as key to the company’s future
The growth of e-commerce has gutted many traditional retailers and led to the shuttering of brick-and-mortar stores. In response, many retail…
Continue Reading Victoria’s Secret is canceling its fashion show
Victoria’s Secret parent company L Brands confirmed on Thursday that it will not air its fashion show this year after falling ratings and…
Continue Reading Janet Yellen on the economy: ‘There is good reason to worry’
Janet Yellen is concerned the US-China trade war may end the longest economic expansion in American history. Yellen, the first woman to ever lead the…
Continue Reading Microsoft delays launch of earbuds intended to rival Apple AirPods
Microsoft is pushing back the launch of its new Surface Earbuds, meaning it will miss the crucial 2019 holiday shopping season. The delay is a…
Continue Reading Trump wants Apple to be ‘building’ 5G. Here’s why that’s unlikely
President Donald Trump tweeted yesterday after a visit the manufacturing facility in Austin Texas where Apple’s Mac Pro is made. His comments…
Continue Reading WeWork’s former CEO got a massive payout. Now 2,400 employees are losing their jobs
WeWork said Thursday it is laying off about 2,400 employees globally as part of a broader effort to cut costs and find a viable path forward after a…
Continue Reading MSNBC’s Democratic debate was the least-watched so far
Wednesday’s Democratic debate, the fifth this year, was the least-watched debate of this election cycle. The ratings for MSNBC were down more…
Continue Reading USA Today sued by fired digital sales director for pregnancy discrimination
A former USA Today digital sales director has sued the newspaper for allegedly discriminating and retaliating against her after she told her managers…
Continue Reading Jake Burton Carpenter, the founder of Burton Snowboards, has died
Jake Burton Carpenter, the snowboarding pioneer and founder of Burton Snowboards, passed away from complications related to cancer. He was 65. The…
Continue Reading SpaceX prototype blows its top during ground test mishap
SpaceX’s Mars rocket prototype burst apart during a ground test, a setback for the company as it works to develop a spaceship capable of taking…
Continue Reading Twitter now lets you hide replies to your tweets
Twitter is letting all users hide unwanted replies to their tweets as part of a broader effort to make the platform less toxic. On Thursday, the…
Continue Reading Charles Schwab is reportedly in talks to buy TD Ameritrade
Two of the leaders of the online brokerage industry may be merging. Charles Schwab is said to be in talks to buy TD Ameritrade in a deal worth $26…
Continue Reading AI software defines people as male or female. That’s a problem
Artificial intelligence doesn’t know what to make of Os Keyes. The 29-year-old graduate student is dark-haired, tattooed and openly…
Continue Reading Target and TJMaxx are killing department stores
Department stores like Macy’s have a big problem, and it’s not Amazon: Discount retailers Target and TJMaxx continue to take their…
Continue Reading PayPal is acquiring shopping reward site Honey for $4 billion
PayPal has struck a deal to acquire Honey, a shopping platform that offers online shoppers discounts and rewards, for $4 billion, according to a…
Continue Reading America’s milk industry is struggling. Don’t blame oat milk
Milk is falling out of fashion. In 2010, 55 billion pounds of milk were sold in the United States. By 2018, that figure dropped to 47.7 billion, a…
Continue Reading Embattled UAW president resigns amid internal charges of misusing union funds
Embattled UAW President Gary Jones resigned his post Wednesday as the union’s leadership was seeking to remove him from office because he…
Continue Reading Gordon Sondland provides historic testimony, but will it pierce GOP’s alternative universe?
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Americans will wake…
Continue Reading Lawyer for impeachment witness Lt. Col Vindman demands Fox News retract ‘false and defamatory’ segment
A lawyer representing Lt. Col. Alexander Vindman, the National Security Council’s Ukraine expert who testified publicly this week in the…
Continue Reading Ray Dalio says the global economy is heading for a ‘great sag’
Ray Dalio doesn’t want to use the word “recession” when talking about the global economy. But he does believe it is headed for what…
Continue Reading British Airways flights hit by another technical glitch
British Airways flights have been disrupted by what the airline describes as a “technical issue.” The problem resulted in delays and what…
Continue Reading Will the US and China ever get a trade deal? Investors turn skeptical
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 Walmart is doubling down on China with 500 new stores
Walmart is doubling down in China despite an economic slowdown. The Arkansas-based retailer announced Thursday that it plans to open 500 new stores…
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