Category Archives: CNN – Business

No one seems worried about a housing bubble. Just like last time the bubble burst
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No one seems worried about a housing bubble. Just like last time the bubble burst

Housing prices are surging to new records with no end in sight. They’re being fueled by historically low interest rates — but also investors and economists’ belief that the housing market has a unique ability to support runaway prices. That’s the current state of America’s housing market, but it could also describe the US housing…MORE

Boeing’s 737 Max problems are improving, but plenty of other issues loom
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Boeing’s 737 Max problems are improving, but plenty of other issues loom

Boeing’s 737 Max troubles are improving, the company’s quarterly results released Wednesday showed — but it’s facing a host of other problems. The aircraft maker increased production of the Max to 19 a month in the third quarter, up from 16 a month in the quarter prior. Boeing added that it “continues to progress towards…MORE

McDonald’s gets a big boost from higher prices, celebrities and chicken
Jeon Heon-Kyun/EPA-EFE/Shutterstock

McDonald’s gets a big boost from higher prices, celebrities and chicken

Higher menu prices, celebrity meals and chicken sandwiches helped boost McDonald’s sales in the third quarter. The company said Wednesday that in the three months ending on September 30, sales at global restaurants open at least 13 months jumped 12.7% compared to the same period last year. Total revenue jumped about 14% to $6.2 billion…MORE

GM earnings and sales fall as the chip shortage continues to plague automakers
Bill Pugliano/Getty Images

GM earnings and sales fall as the chip shortage continues to plague automakers

Supply chain issues, especially the computer chip shortage, took a major bite out of General Motors’ sales and earnings in the third quarter, but America’s largest automaker was still able to perform better than expected. GM also gave investors a bullish outlook, saying that its full-year earnings should be at the upper end of the…MORE

Robinhood’s big year is ending in disappointment
Spencer Platt/Getty Images

Robinhood’s big year is ending in disappointment

The growing clout of everyday investors has shaken up Wall Street, forcing hedge funds and big-time asset managers to start paying attention to armchair traders pumping their extra cash into the market. But after a blockbuster start to the year, when traders coordinating on social media sparked a wild rally in meme stocks like GameStop…MORE

Here’s why Joe Biden’s economy is heading in the wrong direction
Frederic J. Brown/AFP/Getty Images

Here’s why Joe Biden’s economy is heading in the wrong direction

From supply chain chaos to worker shortages, America’s economic recovery ran into some serious challenges in the third quarter of the year. Economists polled by Refinitiv expect that between July and September America’s economy grew at the slowest pace since the recovery began — an annualized rate of 2.7% — and a massive step down…MORE

Beijing says it’s time for companies to pay their overseas debts as Evergrande fears linger
Qilai Shen/Bloomberg/Getty Images

Beijing says it’s time for companies to pay their overseas debts as Evergrande fears linger

Beijing is making one thing clear to the country’s embattled property developers: Pay your debts. All of them. Two major economic and finance agencies on Tuesday called on companies in “key industries” to redeem the principal and interest on their overseas bonds, according to a government statement. Regulators from the National Development and Reform Commission…MORE

US government bans China Telecom from operating in the country
Qilai Shen/Bloomberg/Getty Images

US government bans China Telecom from operating in the country

Washington is barring a major Chinese state-owned telecommunications firm from operating in the United States over national security concerns — an action that threatens to once again increase tensions between the world’s two largest economies. The US Federal Communications Commission on Tuesday said it has ordered China Telecom to discontinue US services within 60 days,…MORE

Small SUVs struggle in new crash test
Insurance Institute for Highway Safety

Small SUVs struggle in new crash test

Several small SUVs struggled in a new side crash test conducted by the Insurance Institute for Highway Safety, with just one out of the 20 vehicles tested earning the agency’s highest rating. This year’s results included an updated side crash test that uses a heavier 4,180-pound barrier traveling at 37 miles per hour to simulate…MORE

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