Category Archives: CNN – Business

Toyota and Honda recall millions of vehicles

Toyota and Honda recall millions of vehicles

Two of Japan’s biggest automakers, Toyota and Honda, are recalling millions of cars over unrelated safety issues. Toyota said Tuesday it would recall 3.4 million cars, 2.9 million of which are in the United States, because of potentially defective equipment meant to protect passengers during a crash. The affected models in North America, Central America…MORE

Cable, not broadcast, is the main stage for Trump’s impeachment trial

Cable, not broadcast, is the main stage for Trump’s impeachment trial

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. So much has changed since the Bill Clinton impeachment trial. People, including some rule-bending senators, have computers strapped to their wrists nowadays. Places like the Capitol have geotags. Print newspapers have faded from prominence. Phones…MORE

Asian stocks recover from losses sparked by the coronavirus outbreak

Asian stocks recover from losses sparked by the coronavirus outbreak

Stocks in Asia recovered a little ground Wednesday after a new virus originating in China drove markets into the red earlier this week and disrupted plans for the millions of people traveling over the Lunar New Year. China’s Shanghai Composite was last up 0.4%, reversing earlier losses. The index had fallen more than 1% Wednesday…MORE

Netflix adds subscribers as competition from Disney+ and Apple ramps up

Netflix adds subscribers as competition from Disney+ and Apple ramps up

Netflix released its earnings on Tuesday, finally giving itself a chance to calm the nerves of jittery investors who are concerned about the rise of rivals. So did Netflix shrug off its competitors or did its subscriber base take a hit? The streaming giant exceeded its own expectations by reporting fourth quarter earnings showing that…MORE

Boeing now expects 737 Max won’t be approved to fly again until mid-2020

Boeing now expects 737 Max won’t be approved to fly again until mid-2020

Boeing executives now expect the 737 Max will not be approved to fly until the middle of this year, the company said Tuesday. “We are informing our customers and suppliers that we are currently estimating that the ungrounding of the 737 MAX will begin during mid-2020,” the statement said. The plane has been grounded since…MORE

Dow tumbles on the first case of coronavirus in the United States

Dow tumbles on the first case of coronavirus in the United States

The Dow and broader stock market closed in the red Tuesday as reports of the first case of the Wuhan coronavirus in the United States weighed on the market. The Center for Disease Control and Prevention announced Tuesday that the first case of the illness in the United States showed up in Washington state. The…MORE

IPOs are SO 2019. Companies are finding new ways to go public

IPOs are SO 2019. Companies are finding new ways to go public

Last year was rough for many new stocks. Sure, Beyond Meat soared. But Uber and fellow ridesharing unicorn Lyft both flopped in their Wall Street debuts. WeWork struggled due to significant concerns about its business model and corporate governance. You’d think companies would want to avoid Wall Street in 2020. Not so fast. As Spotify…MORE

Disney+ is coming to Europe earlier than expected

Disney+ is coming to Europe earlier than expected

Disney fans in parts of Europe will be able to access Disney+ earlier than expected. The company has bumped up the global launch of Disney+ by a week. It will now roll out in eight countries, including the United Kingdom, Ireland, France, Germany, Italy, Spain, Austria, and Switzerland on March 24, the company announced Tuesday.…MORE

NFL’s Championship round takes a hit, but still brings in huge ratings

NFL’s Championship round takes a hit, but still brings in huge ratings

The NFL’s ratings may have been down this weekend because of somewhat one-sided NFC and AFC championship games, but football still managed to nab some big numbers. In Sunday’s early game on CBS, the Kansas City Chiefs punched their tickets to the Super Bowl after a 35-24 victory over the Tennessee Titans. The game, which…MORE

Boeing has temporarily stopped making 737 Max airplanes

Boeing has temporarily stopped making 737 Max airplanes

The Boeing 737 Max is now on hold. The assembly line in Renton, Washington, has temporarily stopped building Boeing’s bestselling plane, the company confirmed late Monday. Boeing announced plans to pause production for an undetermined period in December, but it had not previously announced a precise day for the shutdown. Boeing will not furlough or…MORE

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