Category Archives: CNN – Business News

Conscious un-cup-ling: Dunkin’ is breaking up with foam coffee cups

Conscious un-cup-ling: Dunkin’ is breaking up with foam coffee cups

It’s not you. It’s the environment. Dunkin’ is ending its relationship with foam cups. For decades, those who frequent Dunkin’ were in a relationship with the chains’ easily identifiable foam cups as much as they were with the hot brewed drinks. The foam phaseout is underway in New England where it’s expected to be completed…MORE

Five Below starts selling products for more than $5

Five Below starts selling products for more than $5

Five Below, a popular store focusing on products for $5 and under, is undergoing a colossal change: Its price point is going up for the first time in 17 years. No longer will the store, a bargain hunter’s dream, only sell items priced at $5 and under. Now, the store will be raising prices on…MORE

Lyft is pulling its scooters from cities across the US

Lyft is pulling its scooters from cities across the US

Electric scooter enthusiasts in Nashville, San Antonio and Columbus, Ohio, will have one less brand to ride starting next week. Lyft is ending its scooter service in six cities, the company said in a statement provided to CNN Business. The decision has resulted in 20 layoffs in its bikes and scooters team, which consists of…MORE

Next up: Fiat Chrysler labor talks that could prove difficult

Next up: Fiat Chrysler labor talks that could prove difficult

Labor talks between Fiat Chrysler and the United Auto Workers union get underway in earnest next week. Whether they are as easy as the just concluded talks at Ford or as bloody as those at General Motors that resulted in a six-week strike remains to be seen. On the one hand things are going pretty…MORE

The cannabis industry is evolving, but does that mean a market turnaround is coming?

The cannabis industry is evolving, but does that mean a market turnaround is coming?

North American cannabis companies are slogging their way through another rough earnings season. On Thursday, it was the industry leaders’ turn to take their licks. Canada’s Canopy Growth and Aurora Cannabis’ stocks were rocked as their financial performances again missed expectations amid ongoing market weakness in Canada and beyond. Those companies and others that tried…MORE

Dow hits 28,000 for the first time

Dow hits 28,000 for the first time

US stock indexes hit all-time highs again on Friday, with the Dow climbing above 28,000 points for the first time in history. All three major indexes closed at record highs, ending yet another week in the green. The Dow finished up 0.8%, or 223 points, Friday, making it its fourth consecutive week of gains. The…MORE

The US economy may not grow at all in the 4th quarter

The US economy may not grow at all in the 4th quarter

The recent euphoria on Wall Street suggests the American economy is roaring. Yet there is a growing risk that growth could grind to a near-halt during the final three months of the year. Two closely-watched GDP models published by regional Federal Reserve banks on Friday paint a starkly different picture than the record-highs in the…MORE

Yovanovitch says she was alarmed by attacks from Fox News hosts, right-wing media

Yovanovitch says she was alarmed by attacks from Fox News hosts, right-wing media

Marie Yovanovitch, the former United States ambassador to Ukraine, testified before the House on Friday that she was troubled by the misinformation disseminated about her by Fox News and other right-wing media entities. “I was worried,” Yovanovitch said, after having earlier on in her testimony said that she believed she had been the target of…MORE

Bitcoin is back — but can the comeback last?

Bitcoin is back — but can the comeback last?

Bitcoin, which recently celebrated its eleventh anniversary, has surged this year. Prices have more than doubled to around $8,500 in 2019. Bitcoin has enjoyed a nice rally in recent weeks as well, even as skepticism about Facebook and and its Libra cryptocurrency mounts in Washington and Europe. It appears that bitcoin fans are not worried…MORE

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