Evergrande’s fiasco could damage the global economy
All eyes are on China’s Evergrande, the heavily-indebted real estate conglomerate that’s become a market obsession after global investors tuned in to…
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Genoa, Italy’s oldest soccer club, sold to American company
GENOA, Italy (AP) — The oldest soccer club in Italy is the latest in a growing number of Serie A teams with North American owners. Genoa has been…
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US default would wipe out nearly 6 million jobs, Moody’s says
A US default would be a “catastrophic blow” to America’s economic recovery from Covid-19, setting off a downturn that would rival the Great…
Continue ReadingBitcoin for beginners: Here’s what to know before you invest in crypto
Let’s be honest, the advice to “invest in what you know” is hard to heed when you’re trying to build a diverse…
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Google to spend $2.1 billion on Manhattan campus acquisition
The Associated Press NEW YORK (AP) — Google is planning to buy New York’s St.  John’s Terminal for $2.1 billion, making it the anchor of its…
Continue ReadingMcDonald’s is giving its Happy Meal toys a makeover
McDonald’s pledged Tuesday to significantly reduce the use of plastics in its Happy Meal toys worldwide, two years after the fast food giant faced…
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US home construction up 3.9% in August after July drop
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — U.S. home construction rebounded 3.9% in August after a July decline with the strength…
Continue ReadingChipotle is adding a new meat to its menu
The chain said the limited-time offering, which is one of its most requested menu items, will go on sale Thursday. However, members of the chain’s…
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China’s Evergrande puts on a brave face. But will Beijing bail it out?
Evergrande’s chairman promised his employees Tuesday that they will “walk out of the darkness” caused by the embattled Chinese conglomerate’s…
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Career Expert Lea Soto-Graham wants workers to know their worth
Whether you’re meeting a recruiter for the first time or have already established yourself, asking for the right compensation can be nerve-wracking.…
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Coffee prices likely to stay inflated
According to a report from Fitch Solutions, a limited supply of cocoa beans from major producers Brazil, Vietnam and Colombia may inflate coffee…
Continue ReadingGas prices in the UK could trigger food shortages within weeks
By Hanna Ziady, CNN Business UK supermarkets could face shortages of meat and other fresh food within weeks after soaring gas prices prompted a major…
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HP, Procter & Gamble join companies pledge to cut emissions
Computer-maker HP, consumer goods business Procter & Gamble and coffee capsule company Nespresso have joined a corporate pledge to sharply cut their…
Continue ReadingShoppers are still spending despite the Delta variant
US retail sales increased last month as consumers continued to dish out on clothing, furniture and groceries despite rising cases of the Covid-19…
Continue ReadingThe steep plunge in used car prices — what it means, and what’s ahead
CNN, CNNBUSINESS By Chris Isidore, CNN Business Tracking used car prices is enough to give anyone whiplash. Since the start of the pandemic and the…
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Kroger: ‘Organized crime’ among contributors to higher food prices
Kroger grocery chain will raise food prices from 2-3% this year, more than what they expected, Rodney McMullen, the Kroger grocery chain’s chief…
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US inflation eased in August. But America’s not out of the woods yet
Inflation took a breather in August, coming down from a 13-year high. Still, price increases remain uncomfortably high compared to before the…
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Judge loosens Apple’s grip on app store in Epic decision
A federal judge ordered Apple to dismantle a lucrative part of the competitive barricade guarding its closely run app store, but rejected allegations…
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Here’s who loves Biden’s vaccine mandate: The companies that have to enforce it
President Joe Biden gave a gift to every major company in America by forcing them to mandate vaccines or stringently test their employees for Covid.…
Continue ReadingThe August jobs numbers have economists worried. Here’s why
By Anneken Tappe, CNN Business America’s jobs recovery hit a major roadblock in August as the Delta variant threatened the labor market…
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