Category Archives: CNN – Business

Fed time; Trade optimism; Markets in wait

1. Fed time: Wednesday belongs to Federal Reserve Chair Jerome Powell. The Fed’s latest rate decision will post at 2:00 p.m. ET, followed by a press conference. Investors are looking for Powell to deliver a solidly dovish message, following his remarks two weeks ago that the Fed would act as appropriate to sustain the economic…MORE

Wednesday is 100 days without an on-camera White House press briefing

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Wednesday will be the 100th day without an on-camera White House press briefing. Up until now, the longest stretch without a briefing lasted 42 days. So this is really the worst kind of record. I’m…MORE

Hershey’s is giving its best candy bar a makeover

Hershey had a problem: It makes a critically acclaimed candy bar that few people have heard about. The Take5 bar, made of chocolate, caramel, peanuts, pretzels and peanut butter, is basically a candy-lover’s dream. It just topped the Los Angeles Times’ candy bar power rankings. Yet only 3% of US households purchased a Take5 bar…MORE

Why Trump might end up regretting the rate cut he wants so badly

President Donald Trump may get his wish for a rate cut. But if the Federal Reserve slashes its funds rate later this year, it won’t necessarily be the political gift he wants. Trump has repeatedly bashed chairman Jerome Powell — his pick to lead the US central bank — accusing the world’s most powerful central…MORE

Asia stocks climb as Trump signals hope for US-China trade talks

Asia stocks spiked early Wednesday, following Wall Street’s rally on signs that US-China trade relations could be improving. Hong Kong’s Hang Seng index jumped 2.6% at the open, while the Shanghai Composite Index gained 1.9%. Tokyo’s Nikkei Index rose as much as 1.7% in morning trade. South Korea’s KOSPI was up about 1%. US futures…MORE

J.J. Abrams close to striking production deal with WarnerMedia

J.J. Abrams and his production company Bad Robot are getting close to striking a major television and film deal with WarnerMedia. The Hollywood Reporter reported on Tuesday that the multi-year deal is valued at $500 million. CNN Business could not immediately verify THR’s report. WarnerMedia declined to comment for this story. Variety previously reported that…MORE

Facebook is soaring, but this investor is concerned it has too much power

With the looming threat of a US antitrust investigation into Facebook, you’d think that the company’s stock would be having an absolutely awful year. But that’s not the case. Far from it, as a matter of fact. Facebook is up more than 45% this year, boosting its market value back above $500 billion and pushing…MORE

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