Category Archives: CNN – Business

Boeing ends sales drought, announcing first new airplane orders in three months

Boeing’s sales drought has come to an end. The embattled aircraft maker announced Tuesday that it has sold 30 of its 787 Dreamliner jets to Korean Air, which already had purchased 11 of the wide-body jets for its fleet. Previously Boeing had not announced any new sales since late March, shortly after its bestselling jet,…MORE

Dow closes 350 points higher after word of Trump-Xi meeting sparks rally

Stocks rallied all the way into the close on Tuesday, both in the United States and elsewhere, as positive sentiment about trade took hold of the market. President Donald Trump tweeted this morning to inform the public about a “very good telephone conversation” with Chinese Premier Xi Jinping. He said the two leaders would meet…MORE

First on CNN Business: Best Buy starts to sell home exercise equipment

Americans are busy and want everything on demand from their living rooms, including workouts. Best Buy is looking to capitalize on the trend by selling at-home exercise equipment. Best Buy announced Tuesday that it will begin selling $2,000 Flywheel stationary bikes that offer virtual cycling classes; Hydrow rowing machines that give rowers views of Miami…MORE

Inside Shake Shack’s unusual global strategy

Shake Shack is expanding its global empire with a location in Mexico City. The burger brand, which turns 15 this summer, is tiny compared to rival international chains. McDonald’s had nearly 38,000 restaurants worldwide at the end of 2018, and Burger King finished last year with nearly 18,000 locations. Shake Shack, on the other hand,…MORE

Boeing is open to changing the name of the 737 Max

Boeing is open to renaming its troubled 737 Max, its most important and currently its most infamous aircraft. Boeing Chief Financial Officer Greg Smith revealed the possibility of a name change while speaking to Bloomberg on the sidelines of the Paris Air Show. “I’d say we’re being open-minded to all the input we get,” he…MORE

A video that shows a robot turning on its creators is scary — but also fake

A viral video has the internet worried a robot revolution is near. But the clip, which appears to be the work of engineering group Boston Dynamics, is actually a parody video published by production company Corridor Digital. In the video, a robot begins to fight back after repeated attacks from humans. While Boston Dynamics does…MORE

Christine Romans: Investors are ‘pretty sanguine.’ Here’s why

Investors seem pretty sanguine about the huge macro events in the days ahead. The S&P 500 is only about 2% from record highs and up 15% this year, and there is plenty of headline risk. The Federal Reserve meets this week, and while a rate cut is not expected, the market is pricing in a…MORE

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