Category Archives: CNN – Business

Hong Kong stocks jump as investors shrug off US-China tensions

Hong Kong stocks jump as investors shrug off US-China tensions

Hong Kong stocks are on pace for their best day since March as investors shrug off the Trump administration’s intention to end a special economic and trading relationship with the Asian financial hub. There are also signs in the region that China’s economy is continuing to recover from the worst of the coronavirus pandemic. Hong…MORE

Trump and Zuckerberg spoke on the phone Friday

Trump and Zuckerberg spoke on the phone Friday

President Donald Trump and Facebook CEO Mark Zuckerberg spoke on the phone Friday, a source familiar with the call told CNN Sunday. In a public Facebook post Friday, Zuckerberg explained why Facebook didn’t take action on Facebook and Instagram posts in which Trump threatened “looting” in Minneapolis would lead to “shooting.” “I’ve been struggling with…MORE

Target temporarily closing some stores, adjusting store hours amid protests

Target temporarily closing some stores, adjusting store hours amid protests

Target is closing some stores and adjusting hours at others as protests continue to erupt across the country following the death of George Floyd at the hands of police. The retailer is based in Minneapolis, Minnesota, the same city where Floyd died and protests began nearly a week ago. Since then, crowds have gathered in…MORE

Investors didn’t sell in May. What now?

Investors didn’t sell in May. What now?

So much for selling in May and going away — assuming you could find a place to go to in the midst of the Covid-19 pandemic. Stocks closed out the month with healthy gains. The Dow and S&P 500 both rose more than 4% while the Nasdaq was up nearly 7%. And that comes on…MORE

Journalists covering protests face assault and arrest

Journalists covering protests face assault and arrest

From Minneapolis to Washington DC, from Louisville to Las Vegas, reporters are facing assault and arrest while reporting on widespread protests and unrest. At least a half dozen different incidents were reported on Friday, starting with the wrongful arrest of a CNN crew in Minneapolis and ending with the arrest of two photographers in Las…MORE

Nike is saying ‘Don’t Do It’ in a message about racism in America

Nike is saying ‘Don’t Do It’ in a message about racism in America

The brand famously known for its campaign encouraging you to get out there and “Just Do It” is flipping the switch and urging people “Don’t Do It” in new messaging focused on race. Friday evening, Nike posted a text-only video on its social media accounts with messaging encouraging people to “For once, Don’t Do It,”…MORE

Big chains filed for bankruptcy every week in May. Here are 6 of them

Big chains filed for bankruptcy every week in May. Here are 6 of them

Temporary store closures. Near-zero travel demand. People shopping online even more as they’re stuck home. It was the perfect storm for bankruptcy for some of the country’s most recognizable consumer brands — and several have filed recently. Retailers had already been struggling, and now they’re bearing the brunt of coronavirus’ impact. But a large gym…MORE

There is no custom code to display.