Category Archives: CNN – Business

Trump went on a Twitter rant about European markets. Here’s what it all means

Even by the standards of the Tweeter in Chief, President Donald Trump’s missives this morning on markets were weird. It all started after European Central Bank President Mario Draghi said in a speech that he was open to boosting monetary stimulus for Europe’s battered economy. European stocks climbed higher in response, while US markets also…MORE

J.J. Abrams close to striking production deal with WarnerMedia

J.J. Abrams and his production company Bad Robot are getting close to striking a major television and film deal with WarnerMedia. The Hollywood Reporter reported on Tuesday that the multi-year deal is valued at $500 million. CNN Business could not immediately verify THR’s report. WarnerMedia declined to comment for this story. Variety previously reported that…MORE

Facebook is soaring, but this investor is concerned it has too much power

With the looming threat of a US antitrust investigation into Facebook, you’d think that the company’s stock would be having an absolutely awful year. But that’s not the case. Far from it, as a matter of fact. Facebook is up more than 45% this year, boosting its market value back above $500 billion and pushing…MORE

Bank of America: Investors are the most bearish since 2008 crisis

Don’t be fooled by the near-record highs in the US stock market: Sophisticated investors are on edge about the health of the global economy and corporate profits. Pessimistic fund mangers are rushing out of stocks and piling into cash and ultra-safe government bonds, according to a Bank of America Merrill Lynch survey published on Tuesday.…MORE

Boeing finds the first buyer for a 737 Max since its grounding

Boeing got a huge vote of confidence for its troubled 737 Max on Tuesday as International Airlines Group announced it plans to buy 200 of the jets. Boeing and IAG, the owner of Aer Lingus, British Airways, Iberia and other European carriers, announced a letter of intent on the purchase of the jets at the…MORE

Planters Peanuts is rolling out a sneaker. Yes, really

Mr. Peanut is hitting the basketball court ahead of the NBA draft this week. Peanut brand Planters announced on Tuesday the release of the Crunch Force 1, a basketball sneaker featuring everyone’s favorite legume-style icon meant to give wearers a “shella strong shoe game.” It’s not a stunt: The nutty new kicks were produced by…MORE

Beyond Meat shares are on a wild roller coaster ride

Shares of Beyond Meat surged in early trading Tuesday after the plant-based protein company announced plans to start selling “ground beef” in grocery stores — but the stock had given up all its gains by late morning in a wild day of trading. Beyond Meat stock opened at just above $200 a share — a…MORE

Concert Calendar sponsored by Tim's Body Shop