Category Archives: CNN – Business

More tax cuts and negative rates: Trump reveals 2020 economy push

More tax cuts and negative rates: Trump reveals 2020 economy push

In his mostly scripted speech to the Economic Club of New York, the president revealed both his impeachment counter-programming and his re-election theme for 2020. The president’s message to New York’s financial elite: The economy is booming because of Trump. You may not like him, but you can’t afford not to vote for him. “Here’s…MORE

How Wegmans and H-E-B survived Amazon’s onslaught

How Wegmans and H-E-B survived Amazon’s onslaught

Traditional grocery stores in America are struggling. But some regional grocers are using local expertise to maintain their cult-like appeal. Grocers are under pressure from all sides. Walmart is selling more groceries than ever before. German chain Aldi is spreading rapidly. Dollar stores are starting to offer some fresh food. And Amazon is battling, particularly…MORE

ACLU and Michigan workers file sexual harassment suit against McDonald’s

ACLU and Michigan workers file sexual harassment suit against McDonald’s

Days after Steve Easterbrook was fired as McDonald’s CEO for engaging in what the company called a consensual relationship with an employee, workers filed a class action lawsuit against the company over sexual harassment. The class-action suit, filed Tuesday by a former employee with the help of the American Civil Liberties Union and the Time’s…MORE

Tesla is walking into the lion’s den

Tesla is walking into the lion’s den

Welcome to Wednesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Less than three weeks after starting trial production of cars in China, Tesla has announced the location of its second factory outside the United States: Berlin. In a tweet…MORE

Elon Musk says Tesla will build cars in Berlin

Elon Musk says Tesla will build cars in Berlin

Less than three weeks after starting trial production of cars in China, Tesla has announced the location of its second factory outside the United States: Berlin. In a tweet late Tuesday, Tesla CEO Elon Musk said the plant would build batteries, powertrains and vehicles, “starting with the Model Y.” The factory is also expected to…MORE

Carl Bernstein’s advice for viewers watching the Trump impeachment hearings

Carl Bernstein’s advice for viewers watching the Trump impeachment hearings

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The impeachment of President Donald Trump will enter a critical new phase on Wednesday when the House Intelligence Committee’s first formal impeachment inquiry hearing is gaveled in. Deputy Assistant Secretary George Kent and US Charge…MORE

Hong Kong stocks sink as unrest continues to grip the city

Hong Kong stocks sink as unrest continues to grip the city

Hong Kong stocks tumbled on Wednesday as the city endured a third consecutive day of violent unrest. The Hang Seng Index ended the day down 1.8%. So far this week, the index has lost more than 4%. And while it’s still nearly 3% higher than where it started the year, the Hang Seng has fallen…MORE

Apple Card is accused of gender bias. Here’s how that can happen

Apple Card is accused of gender bias. Here’s how that can happen

Some Apple Card customers say the credit card’s issuer, Goldman Sachs, is giving women far lower credit limits, even if they share assets and accounts with their spouse. But it’s impossible to know if the Apple Card — or any other credit card — discriminates against women, because creditworthiness algorithms are notoriously opaque. “It’s such…MORE

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