Category Archives: CNN – Business

Quickly catch up on today’s business news

Here’s what you might have missed Friday on CNN Business: Cost of a trade war: Yesterday, the US banned Huawei from selling telecom gear to the United States. But losing Huawei as a customer could cost US tech companies $11 billion. Watch out, Walmart: German discount grocery store Aldi makes customers bag their own groceries…MORE

Grumpy Cat found quick success. Other celebrity pets might have it harder

Grumpy Cat has died, but she left quite a legacy. She’s one of the first pets to make big money for its owner as a successful influencer. The internet star passed away due to complications from a urinary tract infection, according to her official Twitter. The cat had feline dwarfism, which her owner said accounted…MORE

Luckin Coffee surges in Wall Street debut

China’s Starbucks has arrived on Wall Street. Luckin Coffee begin trading on Friday and provided an immediate caffeine jolt to the market. The stock surged nearly 50% to $25 a share before pulling back. Shares closed up about 20%. Luckin Coffee, which is growing rapidly thanks to a focus on cheaper drinks, priced its initial…MORE

Deere warns of weaker earnings because of the trade war

The US trade war with China continues to hurt the American heartland. Tractor maker Deere, based in Moline, Illinois, reported earnings that missed forecasts Friday and lowered its outlook. Although the company reported a 5% jump in overall sales thanks to healthy demand for its construction and forestry equipment, Deere cited “persistent uncertainty in agricultural…MORE

Baidu slumps; Pound falls; Amazon backs Deliveroo

1. Baidu slumps: Baidu just posted its first loss in 15 years as China’s slowdown hit its online advertising business. Disappointing earnings from the first three months of 2019 sent shares of the US-listed Chinese tech company tumbling more than 10% in premarket trading Thursday. The company pointed to a “challenging environment” for online ad…MORE

Amazon invests in UK restaurant delivery service Deliveroo

Amazon just made another big move into food, picking up a stake in one of the United Kingdom’s top restaurant delivery services. Deliveroo announced Friday that it had raised $575 million in an investment round which adds the US tech giant to its list of investors. “Amazon has been an inspiration to me personally and…MORE

How does Twitter chatter warp our thinking about what’s popular and important?

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Only scratching the surface Donie O’Sullivan emails from SF: Cambridge Analytica… Russian trolls… We’re only just scratching the surface of how we are being manipulated online. On Thursday, Facebook revealed that it has shut down…MORE

Ex-Goldman Sachs CEO takes jab at NYC mayor over Twitter

Lloyd Blankfein may not be the most active Twitter user, but when he tweets, he sends a message. His first tweet in June 2017 criticized President Trump’s decision to back out of the Paris climate pact. His second tweet was a strong call for American leadership. “On the bright side, if DeB gets elected prez,…MORE