Category Archives: CNN – Business

Toy Story 4 dominates weekend box office but doesn’t top Disney’s high expectations

Families are turning out to watch “Toy Story 4,” but it was not quite enough to smash Disney’s high expectations. The latest Pixar installment in a decades-old children’s franchise had an estimated $118 million opening at the North American box office this weekend. It beat out R-rated Chucky thriller “Child’s Play” and Disney’s “Aladdin.” Worldwide,…MORE

Trump has already changed the Fed forever

The Federal Reserve is known for being slow and deliberate, but over the last six months, it’s moved at lightning speed, going from forecasting a steady increase in interest rates to openly indicating possibly one, maybe two, cuts by the end of this year. What’s changed the central bank’s modus operandi? President Donald Trump. The…MORE

Foundation seeks to build memorial for journalists who died doing their jobs

A new coalition is seeking public support and donations for a Fallen Journalists Memorial in Washington, D.C. The initiative is being announced ahead of the one-year anniversary of the Capital Gazette attack, which left five newspaper employees dead in Annapolis, Maryland last June. Former Congressman David Dreier, the chair of the Capital Gazette’s parent company,…MORE

Iran and China: Why investors should be ready for a tumultuous summer

1. Markets and geopolitics: Summer is usually a quiet time for markets. This year could be different. Washington’s conflicts with Tehran and Beijing could create a volatile environment for traders should tensions continue to escalate. The primary concern for investors is that messy geopolitics will exacerbate the slowdown in global economic growth. “Leading indicators are…MORE

Bitcoin surges past $10,000 for the first time in a year

Boosted by a weaker dollar and fresh enthusiasm for cryptocurrencies, bitcoin surged past $10,000 for the first time in a year. The cryptocurrency is known for its volatile price swings. Between late 2016 and 2018, investors watched as bitcoin soared from just a few hundred dollars to more than $20,000, before plunging back down. Then,…MORE

The Middle East has become a nightmare for airlines

Escalating tensions between the United States and Iran are making it even tougher for airlines to fly over the Middle East, a heavily trafficked region where huge chunks of airspace are already off limits because of political rivalries or war. The latest headache for the global aviation industry came Thursday when Iran shot down an…MORE

Toys ‘R’ Us plans to return in the United States

Toys “R” Us stores are coming back this year. Richard Barry, CEO of Tru Kids Brands and former global chief merchandising officer at Toys “R” Us, plans to open at least two Toys “R” Us stores this year, according to a person familiar with Barry’s plans. Tru Kids Brands’ owners won the rights to the…MORE

How Trump’s cabinet is tricking the media

While most of the national media have been fixated on President Trump’s rants and tweet storms, his cabinet is enacting serious policy changes away from the glare of television cameras and with little scrutiny from most journalists. And that’s by design, according to Yahoo News correspondent Alexander Nazaryan, who sat down with CNN’s Brian Stelter…MORE