Category Archives: CNN – Business News

Investors don’t seem to know what to make of the US-China trade war

Investors don’t seem to know what to make of the US-China trade war

A muddled view of US-China trade talks once again seems to be weighing on investors. The major Asian market indexes were mixed in early trading Tuesday after CNBC reported that the mood in Beijing was pessimistic. The news organization, citing an anonymous government source, reported that President Donald Trump’s reluctance to roll back tariffs was…MORE

Jimmy Finkelstein, the owner of The Hill, has flown under the radar. But he’s played a key role in the Ukraine scandal

Jimmy Finkelstein, the owner of The Hill, has flown under the radar. But he’s played a key role in the Ukraine scandal

James “Jimmy” Finkelstein, the owner of The Hill newspaper, is not a widely known media executive, but he is one of the era’s most consequential. Finkelstein resides at the nexus of President Trump, Rudy Giuliani, and John Solomon, the now-former executive at The Hill and current Fox News contributor who pushed conspiracy theories about Ukraine into the public conversation.…MORE

China’s shoppers are still going strong

China’s shoppers are still going strong

With China’s economy slowing, many market and economic experts believe that the United States has more leverage to negotiate favorable terms to end the trade war. They may be wrong about that. Chinese consumers continue to spend, despite concerns about tariffs imposed on the country by the Trump Administration. Chinese companies are reporting robust earnings.…MORE

Companies pull support for Prince Andrew’s networking event

Companies pull support for Prince Andrew’s networking event

Accounting firm KPMG has dropped its support of Prince Andrew’s Pitch@Palace networking event, severing ties with the Duke of York before his controversial interview with the BBC on Saturday. KPMG’s decision not to renew sponsorship of the Pitch@Palace initiative was made in August, according to a source with direct knowledge of the matter. Although KPMG…MORE

Chick-fil-A will no longer donate to anti-LGBTQ organizations

Chick-fil-A will no longer donate to anti-LGBTQ organizations

Chick-fil-A is making major changes to its charitable foundation, ending donations to two organizations that have been criticized for being anti-LGBTQ. The fast food chain announced Monday that beginning next year it will only donate to a certain group of charities. That list no longer includes the Salvation Army and the Fellowship of Christian Athletes…MORE

Airbus lands $30 billion in new orders for planes

Airbus lands $30 billion in new orders for planes

Airbus has secured two major orders from airlines based in the United Arab Emirates, jumping out to an early lead over rival Boeing in the race for new business at the Dubai Airshow. Dubai-based Emirates announced Monday that it had ordered 50 A350s from Airbus, giving the wide-body jet a prominent role in a fleet…MORE

FedEx CEO challenges the New York Times to a debate after critical story

FedEx CEO challenges the New York Times to a debate after critical story

FedEx CEO Fred Smith attacked the New York Times for its story about his company’s taxes, and he challenged the newspaper’s publisher. The Times on Sunday ran a front-page story, “How FedEx Cut Its Tax Bill to $0,” in which it said that FedEx’s work in favor of the 2017 corporate tax cut allowed the…MORE

Kylie Jenner sells a $600 million stake in her cosmetics company

Kylie Jenner sells a $600 million stake in her cosmetics company

Kylie Jenner is selling a majority stake of her popular cosmetics line for $600 million, but she’s staying on as its creative leader. The celebrity businesswoman will sell 51% of her stake in Kylie Cosmetics to Coty Inc., a New York-based cosmetics company that also owns a number of international consumer beauty brands, including CoverGirl.…MORE

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