Category Archives: CNN – Business

Netflix reports earnings as competition looms and popular shows depart

Netflix reports earnings as competition looms and popular shows depart

Netflix is set to cross the 150 million subscribers mark when it reports its second quarter earnings on Wednesday, but the celebration may be muted. Big Tech and Big Media, with their deep pockets and even deeper libraries, are entering the market to topple Netflix from its spot on the streaming throne. And some are…MORE

Disney calls Abigail Disney’s undercover investigation a ‘stunt’

Disney calls Abigail Disney’s undercover investigation a ‘stunt’

The Walt Disney Co. strongly disputed allegations from family heiress Abigail Disney, who said she found workers struggling when she recently visited Disneyland undercover. Abigail Disney, in an interview with Yahoo, said Disneyland workers told her they are forced to sift through “other people’s garbage” for food, and they are struggling to stay happy. Abigail…MORE

Amazon Prime Day was bigger than its Black Friday and Cyber Monday — combined

Amazon Prime Day was bigger than its Black Friday and Cyber Monday — combined

Amazon said this year’s Prime Day was “once again the largest shopping event” in its history. The company said sales from its two-day shopping event surpassed its sales for last year’s Black Friday and Cyber Monday combined. Amazon didn’t reveal specific figures, like revenue. It also doesn’t typically disclose numbers for specific shopping days, with…MORE

Foreign buyers are turning their back on American real estate

Foreign buyers are turning their back on American real estate

Foreigners are buying less real estate in the United States, and sluggish global economic growth is to blame. Residential home purchases by people from outside the country plunged 36% to below $78 billion in the year that ended March 2019, according to a report from the National Association of Realtors. Since 2017, the number of…MORE

Trade worries are back and markets are struggling for direction

Trade worries are back and markets are struggling for direction

Markets are struggling for direction on Wednesday after trade worries bubbled back to the surface. President Donald Trump said during a cabinet meeting on Tuesday afternoon that he could impose further tariffs on Chinese imports. The trade war hasn’t been at the forefront of investor worries since Trump and China’s Xi Jinping agreed a tariff…MORE

Renault makes another bet on China’s huge market for electric cars

Renault makes another bet on China’s huge market for electric cars

Renault has launched a new partnership in China as it tries to tap into booming demand for electric cars. The French carmaker has invested 1 billion yuan ($145 million) for a 50% share in Jianglin Motor Electric Vehicles, the companies said on Wednesday. The subsidiary of Jianglin Motor sold nearly 500,000 electric vehicles in 2018,…MORE

3 reasons to fear America’s massive $70 trillion debt pile

3 reasons to fear America’s massive $70 trillion debt pile

America’s debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull market, but America’s gluttony of loans could work against it if its fragile economic balance shifts. In the first quarter of 2019, the United States’ total public- and private-sector debt…MORE

United is buying used planes to add capacity as the 737 Max remains grounded

United is buying used planes to add capacity as the 737 Max remains grounded

United Airlines is getting creative in its plans to maintain capacity as the grounding of the Boeing 737 Max enters its fifth month. The Chicago-based carrier said Tuesday it has signed an agreement to buy 19 used Boeing 737-700 aircraft. It expects the planes to be delivered starting in December. It didn’t disclose the airline…MORE