Category Archives: CNN – Business

Here’s why new ‘WandaVision’ episodes debut in the middle of the night

Here’s why new ‘WandaVision’ episodes debut in the middle of the night

Every Friday, groggy Marvel fans either wake up early or stay up late to follow along with the weekly adventures of streaming’s favorite couple: witchy Wanda Maximoff and her humanoid husband, The Vision, on Disney+’s “WandaVision.” Marvel Studios’ first original series for Disney+ has found a loyal audience, even though new episodes debut at a…MORE

Alibaba is back in Beijing’s good books for helping to fix poverty

Alibaba is back in Beijing’s good books for helping to fix poverty

Jack Ma‘s tech empire may still be facing tough new regulations in China, but Alibaba seems to have won at least a little bit of favor this week from President Xi Jinping. Alibaba was one of hundreds of companies that Xi commended on Thursday during a ceremony intended to bolster his years-long campaign to wipe…MORE

Global stocks routed as inflation fears dominate

Global stocks routed as inflation fears dominate

Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks lower. Japan’s Nikkei 225 tumbled 4%, while Hong Kong’s Hang Seng Index closed down 3.6% — that index’s worst day in nine months. South Korea’s Kospi dropped 2.8%, while China’s Shanghai Composite Index lost 2.1%.…MORE

Asian banks are failing on climate by channeling billions into coal, report says

Asian banks are failing on climate by channeling billions into coal, report says

Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a new report has found that hundreds of billions of dollars are still being channeled into fossil fuels, and Asia’s banks are doing much of that business. Globally, 380 commercial banks lent…MORE

AT&T is selling a stake in DirecTV, ending an infamous saga

AT&T is selling a stake in DirecTV, ending an infamous saga

AT&T on Thursday sold a minority stake in its video business to private equity firm TPG. The deal values DirecTV, AT&T TV and U-Verse at roughly $16 billion combined — less than a third of the $49 billion AT&T spent to buy DirecTV in 2015. The ill-timed deal was doomed from the start. AT&T bought…MORE

Sephora is opening more stores as it moves beyond the mall

Sephora is opening more stores as it moves beyond the mall

Makeup sales have been walloped by the pandemic. But that’s not stopping Sephora from adding more stores as it pushes ahead to attract shoppers outside of struggling malls. The company said Thursday that it is adding more than 60 freestanding stores this year, and 85% of them won’t be in malls. The new stores comes…MORE

Mr. Potato Head tries to be more gender neutral

Mr. Potato Head tries to be more gender neutral

Hasbro is dropping the honorific “mister” from the “Mr. Potato Head” brand, renaming the shapeshifting plastic spud to the gender-neutral “Potato Head.” It’s a notable change from one of the world’s largest toy makers to untether one of its most famous products from a binary gender identity — something that was far less controversial in…MORE

This change could help keep the GameStop fiasco from happening again

This change could help keep the GameStop fiasco from happening again

Part of what made last month’s GameStop trading frenzy such a mess: Right as the stock was hitting its peak, Robinhood and other brokerages placed restrictions on traders’ ability to buy it (and other surging “meme” stocks like AMC). Traders were furious and some have filed lawsuits. Lawmakers ranging from Representative Alexandria Ocasio Cortez to…MORE

Dow slides more than 550 points as bond yields climb

Dow slides more than 550 points as bond yields climb

It was another rough day for stocks. The market has entered a new phase of volatility as government bond yields are on the rise, signaling expectations for higher interest rates down the line. The Dow closed down 560 points, or 1.8%, on Thursday, just one day after setting a new all-time high. The broader S&P…MORE