Category Archives: CNN – Business

Get ready, Braves fans: Atlanta stadium will be renamed after Truist

Get ready, Braves fans: Atlanta stadium will be renamed after Truist

Atlanta Braves fans will soon be watching baseball at the Truist stadium in sports. The name of SunTrust Park, the home of the Braves, will change to include the oft-ridiculed “Truist” brand, the newly-merged bank confirmed to CNN Business. However, the full name of the venue (Truist Park? Truist Financial Stadium?) has not yet been…MORE

Meet the biggest bank you’ve never heard of

Meet the biggest bank you’ve never heard of

Truist wasn’t even a word a year ago. Now it’s one of America’s biggest banks. The $28 billion marriage of SunTrust and BB&T means those brands are getting slowly phased out after a combined 275 years of history. The deal between the nation’s largest banking tie-up since 2004 was presented as a merger of equals,…MORE

ECB chief Christine Lagarde: I want to be the wise ‘owl’ of monetary policy

ECB chief Christine Lagarde: I want to be the wise ‘owl’ of monetary policy

Christine Lagarde has a message for investors and the media: She’s going to do things her own way as president of the European Central Bank. “I will have my own style,” she told reporters on Thursday. “Don’t over-interpret, don’t second guess, don’t cross reference. I am going to be myself and therefore probably different.” This…MORE

Stocks rally as Trump vows trade deal is close

Stocks rally as Trump vows trade deal is close

Stocks bounced higher on Thursday after President Donald Trump promised the United States was “very close to a big deal with China.” “They want it, and so do we,” Trump said in a tweet. The news fueled hopes that the trade spat between the world’s two largest economies won’t escalate further. The Dow climbed more…MORE

‘Peloton wife’ actress Monica Ruiz blames her face for the ad backlash

‘Peloton wife’ actress Monica Ruiz blames her face for the ad backlash

The Peloton wife has spoken, and from now on, she’d like to be known as anything but the star of the ad that exploded the internet’s collective brains. Actress Monica Ruiz sat with “Today” host Hoda Kotb to finally address the infamous commercial that became a cultural phenomenon coinciding with a massive tank in Peloton…MORE

Krispy Kreme owners donate $5 million to Holocaust survivors over family’s Nazi past

Krispy Kreme owners donate $5 million to Holocaust survivors over family’s Nazi past

The family that owns well-known food brands like Krispy Kreme and Panera Bread announced a multi-million dollar charity donation after an investigation revealed that their Nazi ancestors used slave labor during World War II. The Reimann family, which owns a controlling stake in JAB Holdings, announced Thursday it’s donating more than $5.5 million to Claims…MORE

Jobless claims suddenly jumped to a two-year high

Jobless claims suddenly jumped to a two-year high

The number of Americans filing for their first week of unemployment benefits suddenly jumped last week to the highest level in more than two years. The number of initial claims rose to 252,000 in the week ending December 7, an increase of 49,000 from the number of claims filed the week before, the Labor Department…MORE

Pepsi’s new product has nearly twice as much caffeine as its regular soda

Pepsi’s new product has nearly twice as much caffeine as its regular soda

Like its rival Coke, Pepsi is launching a new coffee-infused cola. Pepsi CafĂ©, which also comes in a vanilla flavor, will hit shelves throughout the United States in April for a limited time. It’s nearly twice as caffeinated as a regular soda. For Pepsi, the new beverage is a way to leverage consumer trends to…MORE

OPEC’s plan to boost oil prices may not work

OPEC’s plan to boost oil prices may not work

The plan unveiled just last week by OPEC and allied oil producers to prop up crude prices could fall flat. Deeper production cuts by the cartel and other major producers including Russia won’t be enough to prevent a global supply glut, the International Energy Agency said Thursday. Even if the countries adhere to the deal…MORE