Category Archives: CNN – Business News

Toy companies are cutting back on plastic to reduce waste

Toy companies are cutting back on plastic to reduce waste

Many large toy companies are trying to become more eco-friendly after decades of relying on environmentally destructive plastic in their products and packaging. The pandemic has created an unanticipated surge in demand for toys as parents have hunkered down with children at home, and holiday toy sales are expected to be huge this year. Finding…MORE

Stocks tumble as Covid-19 cases surge and stimulus is nowhere to be found

Stocks tumble as Covid-19 cases surge and stimulus is nowhere to be found

US stocks tumbled at Monday’s opening bell, as coronavirus, Washington intransigence and earnings are weighing on the market. The election is only eight days away, there’s still no new stimulus package and the first look at how the economy fared in the third quarter will be reported on Thursday. Big Tech companies will report earnings…MORE

3 reasons markets could be in for a bumpy week

3 reasons markets could be in for a bumpy week

Investors trying to decide how to place their bets heading into the last two months of the year face a daunting task. Between the imminent US election, an alarming rise in Covid-19 cases and a spate of quarterly results due this week from some of the world’s top companies, there’s no shortage of data to…MORE

Families are bored, so Monopoly sales are soaring

Families are bored, so Monopoly sales are soaring

Families stuck at home have resorted to playing games again, and that’s benefiting Hasbro. The maker of Monopoly and Magic: The Gathering reported a 21% jump in gaming sales as the result of homebound people looking for ways to occupy their time. Branded “Star Wars” and “The Mandalorian” toys also “delivered strong revenue growth,” according…MORE

Dunkin’ Brands in talks to go private

Dunkin’ Brands in talks to go private

Dunkin’ Brands, the parent company of Dunkin’ and Baskin-Robbins, is in “preliminary discussions” to be acquired by private equity-backed Inspire Brands. The potential deal was first reported by the New York Times on Sunday. Inspire would purchase Dunkin’ Brands at $106.50 per share, the Times reported, citing two people with knowledge of the negotiations. That…MORE

Blogs