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Category Archives: CNN – Business

Alibaba will reportedly delay its second listing in Hong Kong

Alibaba will reportedly delay its second listing in Hong Kong

Alibaba has delayed plans to list its stock in Hong Kong, according to Reuters. The Chinese tech company already trades publicly in New York, but was reported to have been considering a second listing that Reuters said could raise as much as $15 billion. The plan was to list in August, Reuters said. The news…MORE

Asian markets mixed as all eyes turn to the Fed

Asian markets mixed as all eyes turn to the Fed

Markets are entering a holding pattern. Asian stocks were mixed Wednesday. Earlier they were mostly lower, taking a lead from declines overnight in the United States. In the absence of further developments on the US-China trade war, investors appear to be shifting their focus to what Federal Reserve Chairman Jerome Powell will have to say…MORE

Playboy columnist sues Trump White House over press pass suspension

Playboy columnist sues Trump White House over press pass suspension

Playboy magazine White House correspondent Brian Karem is going to court to fight for the immediate restoration of his press pass. He filed suit in federal court on Tuesday, naming President Trump and press secretary Stephanie Grisham as defendants, and alleging that the White House has violated his Constitutional right to due process. Karem, who…MORE

Facebook commissioned a study of alleged anti-conservative bias. Here’s what it found

Facebook commissioned a study of alleged anti-conservative bias. Here’s what it found

Facebook released the results of a year-long, independent investigation of the company’s alleged anti-conservative bias on Tuesday. Although Facebook has made some progress in eliminating anti-conservative bias, the company still has work left to do, the investigators say. The eight-page report, conducted by former Republican Senator Jon Kyl and others at the law firm Covington…MORE

US tariffs on China could cost American households $1,000 per year, JPMorgan says

US tariffs on China could cost American households $1,000 per year, JPMorgan says

President Donald Trump and his advisers insist their trade war with China won’t hurt American consumers. But analysts say otherwise. The tariffs Trump has already imposed on China are estimated to cost the average American household $600 per year, according to a report by JPMorgan Chase. That will rise to $1,000 if Trump carries through…MORE

US Steel temporarily lays off 200 workers in Michigan

US Steel temporarily lays off 200 workers in Michigan

US Steel is temporarily laying off about 200 workers from a Michigan plant as the steel-making industry continues to falter. The company notified the state of Michigan earlier this month that it would be laying off employees at its Great Lakes Works factory near Detroit. The layoffs were expected: US Steel said in June it…MORE

Dow snaps three-day winning streak

Dow snaps three-day winning streak

The Dow snapped a three-day winning streak and finished 173 points lower on Tuesday. The drop follows a week and a half of turbulent trading. The Dow closed 0.7% lower, while the S&P 500 fell 0.8% and the Nasdaq Composite declined 0.7%. With news about trade wars, recessions and economic stimulus abating for the time…MORE

Dick’s Sporting Goods is testing if it should stop selling guns

Dick’s Sporting Goods is testing if it should stop selling guns

Dick’s Sporting Goods considered stopping all gun sales in early 2018. A shooting at the high school in Parkland, Florida, had killed 17 people. And the company was shocked into action. “We did have a conversation about that,” CEO Ed Stack told CNN Business earlier this year. “At the time we felt it was a…MORE