Category Archives: CNN – Business

‘Men In Black International’ wins at a sluggish box office

The summer has yet to warm up for Hollywood at the box office. “Men In Black International,” Sony’s latest film in the Men In Black franchise, brought in an estimated $28.5 million opening at the North American box office this weekend. That was enough to give the science fiction flick the top spot, but it…MORE

Why New Balance turned on Trump over China tariffs

American sneaker company New Balance welcomed President Donald Trump’s tough trade stance in 2016 — but now the athletic footwear manufacturer is strongly opposing the President’s latest threat to expand tariffs on China. New Balance boasts that it’s the only major company to make more than four million pairs of athletic shoes a year domestically.…MORE

Why it’s too early to hunker down for a recession

1. Making sense of mixed signals: Trade wars. Inverted yield curves. And talk of a 2020 recession. It’s clearly an uncomfortable time for investors. And yet US stocks have raced back to life after a horrible May. The S&P 500 finished on Friday just 2% shy of its all-time highs. The choppy action points to…MORE

India is hitting the United States with more tariffs

India just increased tariffs on US exports, dealing another blow to fragile global trade. The tariffs on several US products will go into effect on June 16, India’s finance ministry said in a statement Saturday. The goods targeted include American apples — which will be hit with a 70% tariff — as well as almonds,…MORE

Why Walmart wants to sell its own line of steaks

Walmart wants to attract customers to its stores by offering high-quality steaks. It also wants to keep prices low. So, for the first time, Walmart is working directly with cattle ranchers to create its own Angus beef supply chain. The company announced in April that it will work with ranchers, a beef processor and a…MORE

Volkswagen’s factory workers in the US reject union

Workers at Volkswagen’s only US factory narrowly defeated an effort by the United Auto Workers union to organize the Chattanooga, Tennessee plant. The vote announced late Friday showed only 48% of the hourly workers voting in favor of union representation, a bit closer than a similar vote five years ago but not enough to win.…MORE

How did the NYT’s Kevin Roose crack YouTube’s algorithm? By watching a YouTube video

New York Times journalist Kevin Roose’s investigation into YouTube’s artificial intelligence started because it was the platform mentioned most frequently when he asked online extremists questions about how they were radicalized. “They kept just saying YouTube, and over and over again I heard stories about people who went to YouTube to watch gaming videos or…MORE

MedMen expands its cannabis retail empire to Florida

MedMen Enterprises, one of the larger cannabis dispensary operations in the US, is zeroing in on Florida as it continues its US expansion. MedMen, which is based in Los Angeles and operates 35 medical and recreational cannabis stores in the US, opened a 7,550-square-foot medical marijuana dispensary in downtown West Palm Beach, Florida, on Friday.…MORE