Category Archives: CNN – Business

Donald Trump’s administration might have just had its ‘Mission Accomplished’ moment

Donald Trump’s administration might have just had its ‘Mission Accomplished’ moment

Donald Trump’s administration might have just had its “Mission Accomplished” moment. It began in India before the stock market opened Tuesday after a 1,032-point loss in the Dow. The president projected optimism as global markets reeled over coronavirus risks. “I see the futures are up today, up substantially,” President Trump said. “That’s a very serious…MORE

Now’s the right time for investors to buy Chinese stocks

Now’s the right time for investors to buy Chinese stocks

Coronavirus jitters have paralyzed investors around the world. Chinese stocks might actually be close to bottoming out even as the disease spreads to other countries, sparking global pandemic and market correction fears. Some investors are betting on a big comeback for Chinese companies — despite worries about the Chinese economy being in paralysis due to…MORE

Wendy’s breakfast is starting to roll out

Wendy’s breakfast is starting to roll out

Wendy’s fans eagerly anticipating the Breakfast Baconater can get it sooner than expected. The company confirmed that several markets have started serving the new breakfast menu ahead of its US launch date of March 2. In September 2019, Wendy’s announced that it’s entering the highly competitive breakfast battle because it’s one of the few growing…MORE

Chipotle is upgrading its queso — again

Chipotle is upgrading its queso — again

After years of tinkering, Chipotle is confident it’s finally found the right queso recipe. The chain first added the melted cheese dip to the menu in 2017. But many customers didn’t like it, complaining that the texture was “gritty.” A few months later, Chipotle released a tweaked version. Now, it’s launching a whole new recipe.…MORE

How the coronavirus could spark a severe slowdown or recession in America

How the coronavirus could spark a severe slowdown or recession in America

The longest economic expansion in American history has survived an unprecedented trade war, a catastrophic tsunami in Japan and a severe crash in oil prices. The fast-moving coronavirus poses yet another grave test. The emerging health crisis threatens to dim the brightest part of the United States, if not the world, economy: American wallets. Resilient…MORE

Stock markets are still in ‘fear mode’

Stock markets are still in ‘fear mode’

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The global selloff in stocks has entered its fifth straight trading day as investors show increasing concern that the coronavirus outbreak could turn into a pandemic that will seriously hurt corporate earnings…MORE

GE’s headcount has plunged by 108,000 in just two years

GE’s headcount has plunged by 108,000 in just two years

It’s not just General Electric’s share price, dividend and bottom line that have contracted. GE’s once-sprawling workforce is also shrinking in dramatic fashion. GE employed 313,000 people around the world at the end of 2017, the final year Jeff Immelt led the light bulb and jet engine maker. By the end of last year, that…MORE

Global markets are slumping for a fifth straight day on coronavirus fears

Global markets are slumping for a fifth straight day on coronavirus fears

The shock from the novel coronavirus is rocking global markets for a fifth consecutive trading session. European markets were lower Wednesday as corporate profit warnings added to fears about the economic impact of the coronavirus outbreak. Germany’s DAX fell 0.5% after dropping as much as 3% earlier in the day. The CAC 40 shed 0.4%…MORE