Category Archives: CNN – Business

The Shamrock Shake is back. Here’s why you can’t get it year-round

The Shamrock Shake is back. Here’s why you can’t get it year-round

The Shamrock Shake is back again. To honor the 50th anniversary of the drink, McDonald’s is making it available for purchase throughout the United States starting Wednesday. It’s been three years since the shake was last sold nationally. In addition to the traditional green vanilla shake, McDonald’s is selling a version made with Oreo cookies.…MORE

Drugmakers could be hit by the coronavirus. India is especially vulnerable

Drugmakers could be hit by the coronavirus. India is especially vulnerable

Drugmakers in India are bracing for potential disruption from the coronavirus. If they’re hit, the impact could be felt around the world. Indian pharmaceutical companies, which produce 20% of the world’s drugs supply by volume, are warning that the outbreak threatens to disrupt the supply of raw materials from China. The drugmakers say they have…MORE

Beijing expels three Wall Street Journal reporters

Beijing expels three Wall Street Journal reporters

The Chinese government announced Wednesday that it is revoking the press credentials of three Wall Street Journal reporters, the largest expulsion of overseas media from the country in more than three decades. The US news organization’s editor in chief Matt Murray decried the move as a “harsh and unprecedented action” and said “we will continue…MORE

Colorado sold a record $1.75 billion of cannabis last year

Colorado sold a record $1.75 billion of cannabis last year

This time last year, it appeared that Colorado’s industry was plateauing. Now it’s surging. Colorado cannabis shops notched sales of nearly $1.75 billion during 2019, setting a new annual sales record for the state home to the nation’s longest-established recreational cannabis industry, according to Colorado Department of Revenue data first reported by the Denver Westword.…MORE

Trump pardons junk bond king Michael Milken

Trump pardons junk bond king Michael Milken

President Donald Trump said Tuesday that he was granting clemency to Michael Milken, the legendary bond king from the 1980s who served several years in prison for violating securities laws and has since become a prominent philanthropist. Trump made the announcement to reporters Tuesday, along with the news that he was commuting the sentence of…MORE

Virgin Galactic shares have skyrocketed nearly 200% already this year

Virgin Galactic shares have skyrocketed nearly 200% already this year

Shares of Richard Branson’s Virgin Galactic soared more than 20% at one point Tuesday, putting the private space company on track for a seven-day winning streak. The stock pared its gains later in the day but is still up a stunning 160% so far in 2020. Shares have surged lately due to optimism about the…MORE

Michael Bloomberg might not be Wall Street’s BFF after all

Michael Bloomberg might not be Wall Street’s BFF after all

Michael Bloomberg might be Wall Street’s preferred Democratic presidential candidate, but the billionaire is nonetheless vowing to crack down on the financial industry. The former New York City mayor released a tougher-than-expected Wall Street reform plan Tuesday that calls for restoring some of the post-crisis financial guardrails “gutted” by President Donald Trump. Bloomberg, who has…MORE

Blue Apron may be up for sale as losses mount

Blue Apron may be up for sale as losses mount

Blue Apron said Tuesday it is “evaluating a broad range of strategic options” that could include a sale of the company or its assets, a business combination, or raising capital. The announcement came on the same day that the struggling meal-delivery service company reported its latest quarterly results. Blue Apron will report a loss of…MORE

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