Category Archives: CNN – Business

Stocks snap two-day losing streak

Stocks snap two-day losing streak

US stocks finished stronger on Thursday, snapping a two-day losing streak amid some ugly second-quarter earnings. Stocks opened lower but retraced some of their losses as the day went on. While the S&P 500 and the Nasdaq Composite finished squarely in the green, the Dow only just eked out a gain. The Dow closed just…MORE

Europe is sleepwalking its way to another lost decade

Europe is sleepwalking its way to another lost decade

Europe just endured one decade of economic stagnation. If it doesn’t act soon, it could face another. Ten years after the global financial crisis, Europe’s economy has achieved a recovery, but not a revival. Low inflation, low interest rates and low growth have become the new normal. Europe’s malaise could have dangerous ripple effects. Another…MORE

UK will plunge into recession if it leaves Europe without a Brexit deal

UK will plunge into recession if it leaves Europe without a Brexit deal

Leaving the European Union later this year without a Brexit deal would plunge the United Kingdom into recession. The UK Office of Budget Responsibility (OBR) warned Thursday that “heightened uncertainty and declining confidence” would deter investment while higher trade barriers would slam exports. “These push the economy into recession, with asset prices and the pound…MORE

Netflix miss; Trade and earnings; Markets slide

Netflix miss; Trade and earnings; Markets slide

1. Netflix miss: Disappointing subscriber growth at Netflix could pummel the streaming service’s stock. The company added 2.7 million new subscribers in the second quarter of 2019, according to its earnings report released Wednesday. That’s just over half of 5 million new subscribers that analysts had been expecting. Netflix shares are set to fall 11%…MORE

Europe’s biggest tech company is being hurt by the trade war

Europe’s biggest tech company is being hurt by the trade war

Rising trade tensions are hurting Europe’s most valuable tech company. German business software group SAP said Thursday that second quarter profits dropped 21% to €827 million ($930 million) because of restructuring costs and trade uncertainty. SAP’s revenue from software licenses dipped 5% due to “trade-related uncertainty in Asia,” the company’s finance chief Luka Mucic said.…MORE

Media react to ‘send her back’ chant at Trump rally

Media react to ‘send her back’ chant at Trump rally

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The fact that it was not surprising did not make it any less disturbing. After President Trump assailed Democratic Rep. Ilhan Omar at a North Carolina rally Wednesday night, his crowd of supporters broke into…MORE

Impossible Foods says its shortage is over

Impossible Foods says its shortage is over

Impossible Foods, the plant-based protein company that had been struggling to meet demand, is no longer facing a shortage. Impossible on Monday sent a letter to its distributors, which sell the product to restaurants, announcing that a cap on ordering has been lifted. The product is now “fully stocked” within the ordering systems of its…MORE

If cracks are forming in the US economy, banks didn’t get the memo

If cracks are forming in the US economy, banks didn’t get the memo

If a recession is brewing in the United States economy, it will come as a surprise to the nation’s largest banks. Big banks are hauling in fat profits, driven not by the ebbs and flows of fickle financial markets, but by strength in the real economy. Specifically, they’re cashing in on steady growth in spending…MORE

Netflix stock plummets after massive subscriber miss

Netflix stock plummets after massive subscriber miss

Netflix has passed the 150 million subscribers mark, but the streaming giant missed the forecast for new memberships. The company added 2.7 million new subscribers in the second quarter of 2019, according to its latest earnings report released Wednesday. That is just over half of 5 million new subscribers that analysts were expecting. Netflix now…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

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