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Category Archives: CNN – Business

Pot company Canopy chooses CFO of top investor to be new CEO

Pot company Canopy chooses CFO of top investor to be new CEO

The legal cannabis industry in Canada and several states in America has been going through some growing pains. That’s a key reason why industry leader Canopy Growth just named the chief financial officer of its biggest investor to be its new CEO. Canopy said Monday that David Klein, formerly the CFO of beer and wine…MORE

A new theory on what shocked the overnight lending market

A new theory on what shocked the overnight lending market

When turmoil erupted in the US overnight lending market in September, it came as a big surprise. The spike in overnight borrowing rates forced the Federal Reserve to come to the rescue, pumping in lots of cash and restarting bond purchases. This eased any panic, and appears to have helped juice the stock market as…MORE

Paul Volcker, former Fed chairman who fought inflation, dies at 92

Paul Volcker, former Fed chairman who fought inflation, dies at 92

Paul Volcker, the former chairman of the Federal Reserve known for his battles against inflation in the late 1970s and early 1980s, has died. He was 92. He passed away at his home in New York Sunday from complications related to his prostate cancer, said his daughter, Janice Zima. Volcker served as Fed chairman from…MORE

The takeover battle for food delivery startup Just Eat is escalating

The takeover battle for food delivery startup Just Eat is escalating

South African tech investor Naspers has sweetened its hostile bid for Just Eat, valuing the UK online food delivery company at $6.7 billion and escalating a takeover battle with rival suitor Takeaway.com. But the revised offer may fail to win over shareholders. Prosus, the European-listed tech investor owned by Naspers, said Monday that it would…MORE

Lord & Taylor is returning to New York with a pop-up store

Lord & Taylor is returning to New York with a pop-up store

Lord & Taylor is reopening in New York less than a year after shuttering its flagship department store. But the new store will only be open for a limited time. Le Tote, which recently bought the struggling brand, is opening a pop-up store in the city’s prime shopping neighborhood, SoHo. The store will sell items…MORE

A new theory on what shocked the overnight lending market

A new theory on what shocked the overnight lending market

Happy Monday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. When turmoil erupted in the US overnight lending market in September, it came as a big surprise. The spike in overnight borrowing rates forced the Federal Reserve to come to…MORE

Christmas sweater with Santa and cocaine forces Walmart to apologize

Christmas sweater with Santa and cocaine forces Walmart to apologize

Walmart is saying sorry for making available a Christmas sweater with an apparent drug reference. The sweater featured an image of Santa Claus behind a table with three white lines that look similar to cocaine lines. Below the image is the phrase “Let it snow.” The Global News, a Canadian news organization, first reported the…MORE

Kennedy Center Honors celebrates the influence of Sesame Street

Kennedy Center Honors celebrates the influence of Sesame Street

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Television is often the problem, but sometimes it’s the answer, too.” I know many people who work in the television business can relate to those words. WaPo’s Hank Stuever wrote ’em the other day while…MORE

Asia markets seesaw as cautious traders look for potential trade deal

Asia markets seesaw as cautious traders look for potential trade deal

Asian markets seesawed on Monday as traders cautiously await the progress on a trade deal before the December 15 deadline for a new round of US tariffs on Chinese goods. Japan’s Nikkei 225 rose 0.3%. The market also got a boost after Japan revised its gross domestic product growth to an annualized 1.8% for the…MORE