Category Archives: CNN – Business

America’s largest grocer is revamping its produce section

America’s largest grocer is revamping its produce section

Produce is the first thing customers see when they enter Walmart and a key part of the retailer’s defense against Amazon. So Walmart is giving its produce aisles a makeover. The largest grocer in the United States announced Wednesday that it will renovate produce areas with new signs highlighting prices and shorter merchandise bins to…MORE

Target is one of the hottest stocks of 2019

Target is one of the hottest stocks of 2019

Target’s CEO Brian Cornell talks often about the split in retail between winners and losers. Target is clearly in the winners’ camp right now and is set to benefit during the holidays. The big box retailer delivered another quarter of higher sales in stores and online and raised its earnings guidance going into the holiday…MORE

It’s a big week for retail. The stakes just got higher

It’s a big week for retail. The stakes just got higher

Happy Wednesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The story of the retail industry has increasingly become about winners and losers. Walmart? By and large, they’ve been a winner. Others haven’t been so lucky. Kohl’s, for example, disappointed…MORE

Exclusive: Why Millennials and GenZers love going to the bank

Exclusive: Why Millennials and GenZers love going to the bank

America’s banks have rapidly shut down branches over the past decade to slash costs and adapt to a world in which deposits can be made on smartphones. The number of US bank branches has shrunk by more than 3,000 since 2010, according to Deloitte. Bank of America alone has slashed its branch count by more…MORE

China is ratcheting up its battle to rescue a slumping economy

China is ratcheting up its battle to rescue a slumping economy

China’s central bank is further loosening its purse strings as the country grapples with a slumping economy and a prolonged trade war with the United States. On Wednesday, the People’s Bank of China cut its new benchmark lending rates by five basis points. The one-year loan prime rate (LPR) dropped to 4.15% from 4.20% in…MORE

Alibaba on track to raise $12.9 billion in Hong Kong listing

Alibaba on track to raise $12.9 billion in Hong Kong listing

Alibaba put a price on its highly anticipated Hong Kong stock market debut on Wednesday, the world’s biggest share sale of the year so far. China’s largest e-commerce company said it was issuing the new shares at 176 Hong Kong dollars ($22.50) each. That’s equivalent to a discount of about 3% to Alibaba’s closing price…MORE

Seven C-SPAN cameras give us all the angles of the impeachment inquiry

Seven C-SPAN cameras give us all the angles of the impeachment inquiry

Tuesday’s marathon hearing in the Trump impeachment inquiry began at 9 a.m. Eastern and ended around 8:25 p.m. On Fox News, Tucker Carlson was dismissive of the four witnesses, saying “the circus train of impeachment remains stalled on the tracks.” But others saw a deepening crisis rather than a circus. On CNN, Jeffrey Toobin said…MORE

Gannett CEO: ‘Protecting journalism is the right thing to do’

Gannett CEO: ‘Protecting journalism is the right thing to do’

New Gannett is here. The merger between US newspaper giants Gannett and GateHouse closed on Tuesday, ushering in an era of cost-cutting, including layoffs, for the new entity composed of hundreds of local newsrooms. The combined company is retaining the Gannett name. Media advocates have feared the merger’s repercussions to local newsrooms since the deal…MORE

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