Category Archives: CNN – Business

China suspended ties with the NBA last week. Now it’s starting to restore them

China suspended ties with the NBA last week. Now it’s starting to restore them

Tencent has quietly resumed online broadcasts in China of National Basketball Association preseason games after a dispute last week prompted all of the American league’s official Chinese partners to suspend ties. The Chinese tech giant on Monday live streamed two games — one between the Toronto Raptors and Chicago Bulls in Toronto and another between…MORE

Nobel Prize in economics awarded to trio for work on poverty

Nobel Prize in economics awarded to trio for work on poverty

Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the Nobel Prize in economics on Monday for research on alleviating global poverty. The trio pioneered an approach to poverty reduction that was based on carefully designed experiments that sought answers to specific policy questions. Duflo, a professor at the Massachusetts Institute of Technology, is the…MORE

CNN and White House reporters say Trump should denounce vile anti-media video

CNN and White House reporters say Trump should denounce vile anti-media video

Call someone an “enemy” over and over again, and you have some responsibility for what happens to them. President Trump is responsible for a climate that is so hateful, so hostile toward journalists that it spawns videos like this one. “A video depicting a macabre scene of a fake President Trump shooting, stabbing and brutally…MORE

UAW ups strike benefits for GM workers

UAW ups strike benefits for GM workers

As the United Auto Workers union strike against General Motors reached the end of its fourth week Sunday, the union moved to raise the level of financial support for nearly 50,000 GM workers who walked off the job. The union has been paying $250 a week in strike benefits since for three weeks. It announced…MORE

Five things to know about Costco’s $4.99 rotisserie chickens

Five things to know about Costco’s $4.99 rotisserie chickens

Costco is willing to go to extreme lengths to keep its prized rotisserie chickens at $4.99. For the past few years, it’s been recruiting farmers in Nebraska and recently opened a sprawling, $450 million poultry complex of its very own in Nebraska. Costco sold 91 million rotisserie chickens last year, more than double the number…MORE

‘Joker’ has huge second weekend at the box office

‘Joker’ has huge second weekend at the box office

A psychotic clown beat out the Addams Family and two Will Smiths at the box office this weekend. “Joker,” the gruesome R-rated film about the origins of the Batman villain, had a big second weekend topping the box office with an estimated $55 million in North America. The film, which stars Joaquin Phoenix as a…MORE

America’s factories are in trouble. The trade war is only part of the problem

America’s factories are in trouble. The trade war is only part of the problem

The trade war is hurting America’s factories, but it’s not the only culprit. The strike at General Motors and Boeing’s 737 Max crisis are taking a toll as well. This trifecta of challenges worries analysts and economists that the manufacturing sector could contract for the third-straight month in October. Lower output from American factories could…MORE

The big bank winning streak might be about to end

The big bank winning streak might be about to end

Happy Sunday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The biggest American banks report earnings this week, and they will probably be hampered by weaker economic growth and lower interest rates. The Federal Reserve cut interest rates in July…MORE