Category Archives: CNN – Business

United Auto Workers’ GM strike reaches day five and the pain is spreading

United Auto Workers’ GM strike reaches day five and the pain is spreading

The United Auto Workers union strike against GM showed no signs of a quick conclusion as its impact on other plants and workers continues to spread. GM has about 10,000 US suppliers, and many have had to halt production of parts they would normally deliver to the nation’s largest automaker. As the strike entered its…MORE

The market has spoken: Coal is dying

The market has spoken: Coal is dying

President Donald Trump has gutted regulations on the coal industry, falsely claimed that windmills cause cancer and installed a former coal lobbyist to lead the EPA. In the face of those efforts to rescue coal country, America’s aging fleet of coal-fired power plants continues to shrink. New coal plants are not getting built. Trump’s vow…MORE

Walmart will stop selling e-cigarettes as backlash spreads

Walmart will stop selling e-cigarettes as backlash spreads

Walmart said Friday it will stop selling e-cigarettes as the number of deaths tied to vaping grows and public officials crack down on the industry. The decision by America’s largest retailer may influence other stores and marks another setback for the vaping industry. Walmart said it’s exiting the business because of regulatory flux. CBS, Viacom…MORE

‘Ad Astra’ could be the hit that 20th Century Fox desperately needs

‘Ad Astra’ could be the hit that 20th Century Fox desperately needs

After a dismal run since the Disney acquisition closed in March, 20th Century Fox is looking to the stars to help right the ship. “Ad Astra” opens in theaters this weekend and it’s unlikely that the science fiction film will break any box office records. But it will still be an important opening for Fox,…MORE

Germany unveils $60 billion plan to fight the climate crisis

Germany unveils $60 billion plan to fight the climate crisis

Germany unveiled a 54 billion euros ($60 billion) package over the next four years to speed up the country’s transition to renewable energy and reduce carbon emissions. As tens of thousands took to the streets of Berlin and other major cities around the world to demand urgent action to tackle the climate crisis, Germany’s coalition…MORE

An infrastructure deal really could happen. That could help these companies’ stocks

An infrastructure deal really could happen. That could help these companies’ stocks

The idea that President Trump and Congressional leaders might actually cooperate on something may sound absurd. But as politicians in Washington gear up for the 2020 election season, some think Republicans and Democrats have a good incentive to work together and finally pass an infrastructure bill. Concerns are growing about China’s economic slowdown, and the…MORE