A ‘remodel’ and job cuts loom at HSBC after profits plunge
HSBC’s global business took a beating last quarter, and the London-based bank is warning of more pain ahead as it undertakes a major…
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Sales of Vans sneakers starting to cool off
Vans footwear is extremely popular with skateboarders and surfers. But sales growth for the brand’s slip on shoes and sneakers is starting to…
Continue ReadingSome of the world’s biggest banks have major problems. Just look at HSBC
Happy Monday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.…
Continue ReadingThe never-ending Brexit saga is a nightmare for business. Here’s why
Businesses in the United Kingdom have already endured more than three years of Brexit uncertainty. Now, as the third deadline to leave the European…
Continue ReadingHong Kong is in a recession as five months of protests take a toll
Hong Kong is in a recession, as five months of protests send tourism and retail numbers plunging. The Asian financial hub is expected to report…
Continue ReadingUS-China trade hopes are carrying Asian markets higher
Asian stocks moved higher on Monday, boosted by a bit of trade optimism. Markets in Asia were following last Friday’s Wall Street gains, as…
Continue ReadingA single weekend showcases the Trump presidency’s highs and lows
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Highs and lows The US…
Continue ReadingNBC staffers harbor doubts about network’s leadership over handling of Weinstein, Lauer cases
Rachel Maddow is far from the only one. Her extraordinary MSNBC segment on Friday — covering the allegations in Ronan Farrow’s “Catch…
Continue ReadingSNL has Alec Baldwin’s Trump meeting his supporters, Mark Zuckerberg and Bill Clinton at one of his rallies
“Saturday Night Live” opened this week’s episode with Alec Baldwin reprising his role as President Trump. The NBC variety show had…
Continue ReadingThree rate cuts in a row? Investors hope it’s true
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.…
Continue ReadingA scam targeting Americans over the phone has resulted in millions of dollars lost to hackers. Don’t be the next victim.
Pieter Gunst, 34, received what he thought was a credible phone call from his bank. But in a matter of minutes, Gunst realized the call was anything…
Continue ReadingThe Model Y could be a game changer for Tesla
Tesla’s stock enjoyed its biggest spike in six years this week after the automaker reported an unexpected third quarter profit. But that might…
Continue ReadingFacebook News launches with Breitbart as a source
When Mark Zuckerberg announced that Facebook was developing a section for news, he said it would be devoted to curating “high quality”…
Continue ReadingThe strong dollar is hurting the global economy
The world economy is slowing. In past recessions, fast-growing emerging markets have helped bail out the global economy. But there’s one thing…
Continue Reading‘Joker’ becomes the highest-grossing R-rated film ever
“Joker,” the gritty comic book film about the origins of the crazed Batman villain, has become the highest-grossing R-rated film of all…
Continue ReadingThe long General Motors strike is finally over, as workers approve labor deal
The long General Motors strike is finally over, as members of the United Auto Workers union voted in favor of a four-year labor deal to end the…
Continue ReadingCrispy, spicy and hugely popular: Why chicken sandwiches are taking over America
Months after this summer’s brief but brutal fried chicken sandwich battle, rivals are diligently plotting to win the longer war. Popeyes, which…
Continue ReadingJeff Bezos is dangerously close to losing his title as the ‘world’s richest person’
Pour one out for Jeff Bezos because the Amazon founder is precariously close to losing his title of world’s richest person to Bill Gates. Bezos…
Continue ReadingThe S&P 500 falls short of new record high as the US reports trade deal progress with China
US stocks climbed Friday on hopes for progress on the “phase one” trade deal between the United States and China, but the S&P 500…
Continue ReadingOvernight lending market drama continues, forcing the Fed to pump in more and more cash
The New York Federal Reserve has vowed to ease the turmoil that erupted last month in the overnight lending market. Keeping that promise is proving…
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