Category Archives: CNN – Business

The maker of a $2,995 home gym is opening up shops in Nordstom stores

The maker of a $2,995 home gym is opening up shops in Nordstom stores

Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside Nordstrom stores. Tonal-branded mini shops will debut in March in 40 Nordstrom locations across 20 states, Nordstrom said on Monday. The 50-square-foot shops will be located in the women’s active…MORE

United, predicting a rebound in travel, buys 25 Boeing 737 Max jets

United, predicting a rebound in travel, buys 25 Boeing 737 Max jets

United Airlines disclosed Monday one of its largest orders for the Boeing 737 Max jet since the aircraft was grounded in March 2019, agreeing to buy an additional 25 planes. The airline also accelerated the delivery timetable for 45 other 737 Max jets it had previously ordered. United said the decision was based on its…MORE

Wall Street’s new bogeyman: the bond market

Wall Street’s new bogeyman: the bond market

Covid-19 no longer seems to be the biggest concern on Wall Street as more people are getting vaccinated. Now, the focus is squarely on the bond market and inflation. Investors are starting to worry that the economy may heat up too much, and that inflation will make an unwelcome return. That has led to some…MORE

Exxon aims to quell shareholder revolt by adding activists to board

Exxon aims to quell shareholder revolt by adding activists to board

ExxonMobil is adding two prominent activist investors to its board of directors, in a bid to halt the first credible threat to overthrow its board in modern history. The decision to add Jeff Ubben, co-founder of Inclusive Capital Partners, and former Comcast finance chief Michael Angelakis comes as Exxon faces extreme dissent from shareholders about…MORE

McDonald’s CEO responds after report alleges sexual harassment among workers

McDonald’s CEO responds after report alleges sexual harassment among workers

Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a statement responding to a CBS News report detailing some female employees’ disturbing allegations. “Let me say plainly: every single person working under the Arches must have a safe and respectful work environment,” Kempczinski wrote Sunday. “Sexual harassment in…MORE

US stocks surge as bond markets take a breather

US stocks surge as bond markets take a breather

The Dow rallied some 600 points Monday morning, as US Treasury yields pulled back and took a breather from their recent ascent. All three major stock indexes opened sharply higher and continued their rally as the morning went on. The Dow was up nearly 2%, or some 600 points, mid-morning, while the broader S&P 500…MORE

Budweiser Select is making a comeback as light beer sales surge

Budweiser Select is making a comeback as light beer sales surge

With Americans drinking more light beer than ever, Anheuser-Busch is giving them another option with the nationwide release of Budweiser Select. The 99-calorie beer, previously available only in St. Louis, is now rolling out nationwide, in “response to growing consumer demand for a lower calorie beer option,” the company announced Monday. Budweiser Select was available…MORE

Starbucks is adding oat milk to its menu

Starbucks is adding oat milk to its menu

Starbucks is adding oat milk to its menus across the United States beginning Tuesday as demand for non-dairy alternatives surges. Oat milk has become especially trendy in recent years among coffee drinkers avoiding dairy. Starbucks is serving Oatly, the Oprah Winfrey-backed brand that recently announced plans to go public. Starbucks said that the arrival of…MORE

Warren Buffett sees shades of 1980s crisis in today’s bond market

Warren Buffett sees shades of 1980s crisis in today’s bond market

Warren Buffett is warning that the “pathetic” returns available to bond investors may encourage risky behavior. “Bonds are not the place to be these days,” the legendary investor wrote in Berkshire Hathaway’s annual letter to shareholders, lamenting that the yield on 10-year Treasury bonds has fallen 94% since September 1981. The big picture: Interest rates…MORE