Category Archives: CNN – Business

Dow up more than 300 points on good jobs news

Dow up more than 300 points on good jobs news

Investors cheered the blockbuster November jobs report. The Dow rose nearly 350 points on Friday. US stocks surged as solid payroll and wage gains and an unemployment rate that remains at a half-century low eased fears that trade tensions are hurting the US economy — even as new American tariffs on China are set to…MORE

Facebook’s plans to label state media are complicated — and delayed

Facebook’s plans to label state media are complicated — and delayed

Social media companies are feeling their way in the dark, and sometimes fumbling their way through new efforts to fight misinformation on their platforms as they roll out rules that are meant to increase transparency. These efforts include labeling state-funded and state-controlled media — news organizations that are wholly or in part managed or funded…MORE

US hiring rebounds in wake of GM strike

US hiring rebounds in wake of GM strike

US employers added 266,000 jobs in November, up from 156,000 added in October, the Labor Department reported Friday. The gains include auto workers who returned to work after a six-week strike at General Motors. The US unemployment rate fell slightly to 3.5%. That matches a 50-year low also reached in September of this year. The…MORE

OPEC poised to cut production further to shore up prices

OPEC poised to cut production further to shore up prices

OPEC and its allies have reportedly agreed to deepen its production cuts by 500,000 barrels per day in an attempt to support crude oil prices in the face of booming US output. But the cartel, which is led by Saudi Arabia, did not release details or hold a press conference following its meeting in Vienna…MORE

China plans to lift tariffs on some US soybeans and pork products

China plans to lift tariffs on some US soybeans and pork products

China is planning to exempt some US soybeans and pork products from tariffs, a move that could take some heat out of talks aimed at agreeing on a truce in the trade war. The country’s finance ministry said Friday that it would waive taxes levied on some imports once companies had applied for exemptions. It…MORE

US pharma companies really do want Britain to pay more for drugs

US pharma companies really do want Britain to pay more for drugs

When President Donald Trump arrived in the United Kingdom this week, he landed bang in the middle of a huge political fight about the country’s National Health Service. One of the biggest issues in the UK election slated for December 12 is what a trade deal with the United States after Brexit might look like,…MORE

Asian stocks tick up following Trump’s upbeat signals on a trade deal

Asian stocks tick up following Trump’s upbeat signals on a trade deal

Asian markets were cautiously optimistic on Thursday, as President Donald Trump’s latest remarks on US-China trade talks sent a flicker of hope through the region. South Korea’s Kospi advanced around 1%, while Japan’s Nikkei 225 edged up about 0.3%. Hong Kong’s Hang Seng gained as much as 0.9%. China’s Shanghai Composite added around 0.2%. Markets…MORE