Category Archives: CNN – Business

Markets expect a perfect 2021. Will they get it?

Markets expect a perfect 2021. Will they get it?

US stocks reached record highs on Friday as Wall Street’s outlook becomes crystal clear: With Covid-19 vaccines on the way, investors expect the economy to undergo a spectacular rebound next year, sending shoppers on a spending frenzy and padding corporate profits. Banks have issued a flood of 2021 forecasts reflecting this attitude, anticipating a sharp…MORE

S&P Global announces $44 billion purchase of IHS Markit

S&P Global announces $44 billion purchase of IHS Markit

Two of the world’s premier financial information providers are combining. S&P Global is buying IHS Markit for $44 billion in stock. S&P Global is one of the leading providers of credit ratings, analytics and indexes used to assess the global financial markets. It provides a leading index of US home prices as well as the…MORE

China’s tariffs slam door shut on Australian wine’s biggest export market

China’s tariffs slam door shut on Australian wine’s biggest export market

Australia’s winemakers are scrambling to find new buyers around the world after China imposed hefty tariffs on the industry, effectively cutting it off from its most important export market. Beijing’s decision last week to impose tariffs of up to 212% on Australian wine imports has endangered business with mainland China, according to Tony Battaglene, CEO…MORE

Switzerland votes against boosting business liability for rights abuses abroad

Switzerland votes against boosting business liability for rights abuses abroad

A vote on whether Swiss companies like NestlĂ© and Glencore should face greater liability at home for human rights and environmental abuses committed abroad is set to fail after a divisive campaign. While provisional results from the government Sunday showed that more than 50% of voters approved of the Responsible Business Initiative, it did not…MORE

The time Janet Yellen threw the book at Wells Fargo

The time Janet Yellen threw the book at Wells Fargo

The night before Janet Yellen stepped down as Federal Reserve chair in February 2018, she shocked Wall Street by delivering a crushing blow to America’s most messed-up bank. In its final official act, the Yellen-led Fed imposed unprecedented growth restrictions on Wells Fargo — tough penalties that the scandal-ridden bank has never recovered from. Yellen’s…MORE

What are companies responsible for? Swiss voters are about to weigh in

What are companies responsible for? Swiss voters are about to weigh in

Imagine the foreign subsidiary of a Swiss multinational corporation has been accused of human rights or environmental abuses abroad. Should the parent company be exposed to legal action in Switzerland? That’s the very important question that Swiss voters are deciding Sunday in a divisive referendum that could have far-reaching consequences for firms like NestlĂ© and…MORE

Black Friday looks very different this year. Here’s why analysts are optimistic

Black Friday looks very different this year. Here’s why analysts are optimistic

Black Friday shopping isn’t the same this year with the ongoing pandemic and recession. Traditional brick-and-mortar stores saw a 52% drop in Black Friday traffic compared to last year, according to a report from Sensormatic Solutions. Shopping traffic on Thanksgiving Day dropped by 95%, as many stores closed to give their employees time off and…MORE

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