Category Archives: CNN – Business

It’s crunch time for China’s Evergrande
Andy Wong/AP

It’s crunch time for China’s Evergrande

It’s crunch time for China’s heavily-indebted Evergrande Group. The sprawling Chinese real estate conglomerate faces a critical test on Thursday: can it meet its obligations to bondholders, or will it slip closer to default? Evergrande is due to pay $83.5 million worth of interest on a dollar-denominated bond on Thursday, according to data from Refinitiv.…MORE

Boeing to build its first foreign assembly plant

Boeing to build its first foreign assembly plant

Boeing, the largest US exporter, announced plans Wednesday for its first foreign production plant to perform final assembly work. The plant, to be built in Toowoomba, Australia, will assemble military drones, not commercial jets, which is Boeing’s primary business. But it is an interesting step away from the United States for the company. Boeing’s defense,…MORE

The Federal Reserve is getting ready to roll back its massive stimulus
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The Federal Reserve is getting ready to roll back its massive stimulus

The Federal Reserve isn’t ready to take its foot off the stimulus gas pedal just yet, but that soon might change. If the economic recovery continues to progress as expected, the Fed “judges that a moderation in the pace of asset purchases may soon be warranted,” according to the bank’s policy update published Wednesday. The…MORE

Elizabeth Warren calls out SPAC creators amid concerns of ‘misaligned incentives’
Tom Williams/Pool/Getty Images

Elizabeth Warren calls out SPAC creators amid concerns of ‘misaligned incentives’

Senator Elizabeth Warren and three other Democratic lawmakers have sent an open letter to the executives behind popular SPACs, raising concerns about the potential for insiders to exploit regulatory gaps at the expense of everyday investors. “We seek information about your use of SPACs in order to understand what sort of Congressional or regulatory action…MORE

Ryanair and Boeing have fallen out in public. Here’s why that matters
Nicolas Economou/NurPhoto/Getty Images

Ryanair and Boeing have fallen out in public. Here’s why that matters

Boeing is being called out by Ryanair, one of its major customers, for not selling its jets more cheaply. So far Boeing is standing fast and refusing to meet Ryanair’s price demand, despite the hit its sales have taken the last two years. On Tuesday Ryanair CEO Michael O’Leary called Boeing’s stand on pricing “delusional”…MORE

97% of United Airlines employees are now vaccinated

97% of United Airlines employees are now vaccinated

With just five days until United Airlines will start putting unvaccinated US employees on leave, the company says 97% of workers have complied with its mandate. “United will start the separation process as early as September 28,” confirmed spokesperson Leslie Scott, who noted that only a “small number” of workers have requested an exemption based…MORE

Bitcoin for beginners: Here’s what to know before you invest in crypto
Adobe Stock

Bitcoin for beginners: Here’s what to know before you invest in crypto

Let’s be honest, the advice to “invest in what you know” is hard to heed when you’re trying to build a diverse portfolio. So even if you’re someone who can’t define blockchain to save your life, you still may be wondering if you should have at least a little exposure to crypto in your portfolio.…MORE

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