Category Archives: CNN – Business

Interest rates near zero are a big gift — for Biden or Trump

Interest rates near zero are a big gift — for Biden or Trump

Washington will need to spend more to combat the pandemic, no matter who wins next week’s presidential election. But there’s good news for either President Donald Trump or Joe Biden: Interest rates are likely to remain incredibly low for some time. The yield on the 10-year US Treasury bond is under 1%. That’s good for…MORE

Investors are getting another chance to tap into the sports betting craze

Investors are getting another chance to tap into the sports betting craze

Investors may soon have another way to back the fast growing sports betting market in the United States. London-based Genius Sports and dMY Technology Group, a special purpose acquisition company (SPAC) listed on the New York Stock Exchange, on Tuesday announced plans to merge. SPACs, which give companies an alternative path to an IPO, have…MORE

Bud Light gets festive with new holiday hard seltzer flavors

Bud Light gets festive with new holiday hard seltzer flavors

Bud Light Seltzer is ringing in its first holiday season with a festive pack of unique flavors. It’s launching an “Ugly Sweater” variety pack nationwide on November 2 with three new flavors “inspired by the most popular holiday moments.” Those include Apple Crisp, with hints of apple pie, cinnamon and nutmeg; Peppermint Pattie, which combines…MORE

This is what the new Burger King and Popeyes drive-thrus will look like

This is what the new Burger King and Popeyes drive-thrus will look like

Burger King, Popeyes and Tim Hortons are getting new drive-thrus to boost sales in the coronavirus age. Restaurant Brands International, which owns the three brands, said Tuesday that it is planning to modernize the drive-thru experience at over 10,000 restaurants in North America by the middle of 2022. That includes the installation of over 40,000…MORE

GOP mega-donor Sheldon Adelson considers selling his Las Vegas Sands casinos

GOP mega-donor Sheldon Adelson considers selling his Las Vegas Sands casinos

Las Vegas Sands, operated by GOP mega-donor Sheldon Adelson, is reportedly exploring a sale for its upscale Las Vegas resorts, marking Adelson’s exit from the turbulent US gambling industry. The company operates the Venetian and Palazzo resorts on the Las Vegas strip, plus the Sands Expo Convention Center. A deal to sell all three could…MORE

Oil companies aren’t out of the woods yet

Oil companies aren’t out of the woods yet

It wasn’t long ago that the steepest plunge in demand in history erased profits at big oil companies and forced them to dramatically cut costs. In recent months, the environment has improved. Easing Covid-19 restrictions have boosted demand for energy, especially in Asia, and moves by top producers to slash output have helped stabilize prices.…MORE

AMD is buying a rival chipmaker for $35 billion

AMD is buying a rival chipmaker for $35 billion

The coronavirus pandemic has forever changed the microchip industry, kicking its consolidation into high-gear as people rely more on massive data centers to host their video conferences and other productivity services. Capping off a year of massive change for semiconductors, AMD agreed to buy rival chipmaker Xilinx in a $35 billion deal. The two companies…MORE

Expect fewer gifts this holiday season

Expect fewer gifts this holiday season

Shoppers expect to pull back on purchasing gifts for their families and friends this holiday season, and that may not bode well for retailers. More than a quarter of Americans — 28% — say they will spend less on holiday gifts this year compared to last year, Gallup said in a new poll released Tuesday.…MORE

HSBC plans to speed up restructuring as profits drop 36%

HSBC plans to speed up restructuring as profits drop 36%

HSBC is speeding up its mammoth restructuring plan as the bank continues to grapple with ongoing headaches, from ultra-low interest rates and geopolitical tensions to the economic impact of the coronavirus pandemic. The London-based lender said Tuesday that revenue fell 11% in the third quarter compared to the same period the year before. Pre-tax profit…MORE