Category Archives: CNN – Business

Pier 1 is officially going out of business

Pier 1 is officially going out of business

Pier 1 is officially closing up shop after receiving approval from a bankruptcy court to cease and liquidate its retail operations. The troubled home goods retailer had its plans authorized Friday to begin liquidation sales across its 500 remaining stores once they can reopen. Its stores have temporarily closed because of Covid-19. Pier 1 aims…MORE

The risks are piling up. How long can investors ignore them?

The risks are piling up. How long can investors ignore them?

US stocks have been on a tear since March even as the coronavirus pandemic cost tens of millions of Americans their jobs, shut down huge swaths of the global economy and depressed trade. Market observers have offered various explanations for the rebound. The huge amount of stimulus coming out of the US Federal Reserve has…MORE

CNN turns 40 today. Here’s what it was like on Day One

CNN turns 40 today. Here’s what it was like on Day One

“Now here’s the news.” That’s how Lois Hart kicked off CNN’s first news broadcast, which took place 40 years ago on Monday. CNN is now a global news operation available to more 2 billion people in more than 200 countries and territories around the world, according to the network. However, the idea of a network…MORE

Global stocks rise as investors shrug off US-China tensions

Global stocks rise as investors shrug off US-China tensions

Hong Kong stocks are on pace for their best day since March as investors shrug off the Trump administration’s intention to end a special economic and trading relationship with the Asian financial hub. There are also signs in the region that China’s economy is continuing to recover from the worst of the coronavirus pandemic —…MORE

Trump and Zuckerberg spoke on the phone Friday

Trump and Zuckerberg spoke on the phone Friday

President Donald Trump and Facebook CEO Mark Zuckerberg spoke on the phone Friday, a source familiar with the call told CNN Sunday. In a public Facebook post Friday, Zuckerberg explained why Facebook didn’t take action on Facebook and Instagram posts in which Trump threatened “looting” in Minneapolis would lead to “shooting.” “I’ve been struggling with…MORE

Journalists covering protests face assault and arrest

Journalists covering protests face assault and arrest

From Minneapolis to Washington DC, from Louisville to Las Vegas, reporters are facing assault and arrest while reporting on widespread protests and unrest. At least a half dozen different incidents were reported on Friday, starting with the wrongful arrest of a CNN crew in Minneapolis and ending with the arrest of two photographers in Las…MORE