Category Archives: CNN – Business

Evergrande has made a key bond payment that keeps it out of default, Chinese state media reports

Evergrande has made a key bond payment that keeps it out of default, Chinese state media reports

Evergrande has made a crucial payment that allows it to stay out of default, at least for now, according to Chinese state media. State-run financial newspaper Securities Times reported Friday that the embattled property conglomerate had made an $83.5 million interest payment on a dollar-denominated bond that was due last month. A 30-day grace period…MORE

The climate crisis is an ’emerging threat’ to financial stability, US regulators say
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The climate crisis is an ’emerging threat’ to financial stability, US regulators say

The Financial Stability Oversight Council released a report on climate change Thursday, outlining the danger that a warming planet will have on the financial future of the United States. Climate change is an “emerging threat to the financial stability of the United States,” Stephen Ledbetter, the executive director and director of policy at the FSOC,…MORE

After a pair of scandals, Fed bans officials from buying stocks
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After a pair of scandals, Fed bans officials from buying stocks

The Federal Reserve announced new trading rules on Thursday following a controversy over trades made by senior officials. The Fed said the new rules will ban policymakers and senior staff from buying individual stocks and bonds and will restrict active trading. The central bank pledged to also increase the frequency of reporting and public disclosures.…MORE

Elizabeth Warren calls for the Fed to release March 2020 ethics warning
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Elizabeth Warren calls for the Fed to release March 2020 ethics warning

Senator Elizabeth Warren urged the Federal Reserve on Thursday to release a March 2020 ethics warning provided to Fed officials that could shed light on the central bank’s trading scandal. “I am writing to ask that you release this information immediately, so that Congress and the public can evaluate the extent to which Fed officials…MORE

Home sales rebound while prices continue to climb
Charles Krupa/AP

Home sales rebound while prices continue to climb

After the housing market finally started cooling off a bit over the summer, sales rebounded in September. The tight inventory of homes, which had been improving earlier in the year, worsened again in September and prices continued to climb, according to a report from the National Association of Realtors. September saw a 7% monthly increase…MORE

Trump is going public by taking advantage of Wall Street’s blank-check boom
Brendan Smialowski/AFP/Getty Images

Trump is going public by taking advantage of Wall Street’s blank-check boom

Former President Donald Trump is planning a return to Wall Street. Trump, whose companies have a long history of filing for bankruptcy, announced a deal Wednesday night to bring a new media company public through what’s known as a SPAC, or a Special Purpose Acquisition Corporation. Trump Media & Technology Group, chaired by Trump, said…MORE

Tesla’s ‘full self-driving’ rolls back its privacy protection of trip videos
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Tesla’s ‘full self-driving’ rolls back its privacy protection of trip videos

Tesla owners can buy the company’s “full self-driving” software for $10,000, but they may have to pay with their privacy. As part of the wider rollout of Tesla’s “full self-driving” option, which began earlier this month, drivers may forfeit some privacy protections around location sharing and in-car recordings that they previously had, according to Tesla…MORE

How the maker of Cheerios and Häagen-Dazs copes with hundreds of supply chain snafus a month
Tiffany Hagler-Geard/Bloomberg/Getty Images

How the maker of Cheerios and Häagen-Dazs copes with hundreds of supply chain snafus a month

The global supply chain is struggling under the weight of a series of disruptions, including a shortage of truck drivers and other workers as well as massive port congestion. The issues are forcing large and small companies alike to re-think what they need to do to keep manufacturing facilities humming. Like others, General Mills —…MORE

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