Category Archives: CNN – Business

General Motors is killing off the Holden brand and pulling out of Australia

General Motors is killing off the Holden brand and pulling out of Australia

General Motors is killing off the iconic Holden brand and pulling out of Australia and New Zealand, the latest in a series of moves to shrink the US carmaker’s global presence as it ramps up investments in electric and autonomous vehicles. The company announced Sunday that it would retire the Holden brand, which has existed…MORE

Japan’s economy is shrinking and a recession looks ‘all but inevitable’

Japan’s economy is shrinking and a recession looks ‘all but inevitable’

Japan’s economy is flirting with recession, and the novel coronavirus could push it over the edge. The world’s third-largest economy shrank 1.6% in the fourth quarter of 2019, according to a government estimate released Monday. The decline from the third quarter is the biggest contraction since 2014. The drop was even more severe — a…MORE

China is disinfecting and destroying cash to contain the coronavirus

China is disinfecting and destroying cash to contain the coronavirus

As the novel coronavirus outbreak continues to batter China, the country’s central bank has implemented a new strategy to contain the virus — deep cleaning and destroying potentially infected cash. The new measures, announced by the People’s Bank of China on Saturday, aim to contain the spread of the virus, officially known as Covid-19. There…MORE

‘Sonic the Hedgehog’ races to best opening ever for a video game film

‘Sonic the Hedgehog’ races to best opening ever for a video game film

“Sonic the Hedgehog” eluded mixed reviews, production delays and a set of bad teeth to race to the top of the box office this weekend. The Paramount film about the iconic Sega video character brought in an estimated $57 million domestically for its opening weekend. That number blew past expectations of the film making closer…MORE

Why stocks keep moving higher. And higher. And higher.

Why stocks keep moving higher. And higher. And higher.

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Why do stocks continue to rise in the face of anxiety about the coronavirus? Ongoing support from the Federal Reserve, a stable outlook for corporate earnings and fear of missing out may…MORE

The BBC is nearly 100 years old. Will it survive the next decade?

The BBC is nearly 100 years old. Will it survive the next decade?

Britain’s public service broadcaster has been at the heart of media in the United Kingdom and many parts of the world for the best part of a century. Now it’s facing a brutal fight for survival. The British Broadcasting Corporation is confronting unprecedented political hostility, looming threats to its funding, deep cuts to some services…MORE

The price of wine is dropping fast

The price of wine is dropping fast

Let’s raise our glasses and toast to cheaper wine. The price of wine is expected to drop to its lowest levels in five years thanks, in part, to a surplus of California grapes. Combined with a decreased demand for wine, drinkers can expect to get better value for every drop they drink this year. The…MORE

Cannabis giant Canopy Growth posts earnings surprise

Cannabis giant Canopy Growth posts earnings surprise

The week ended on a high note for Canopy Growth. The world’s largest cannabis company by market cap saw its shares finish up more than 13% Friday after its third-quarter financial results surpassed expectations. Canopy’s net revenue of $123.8 million and net loss of $124.2 million, or 35 cents per share, fared far better than…MORE

What happens to the Valentine’s Day flowers that don’t get sold?

What happens to the Valentine’s Day flowers that don’t get sold?

Valentine’s Day represents different things to different people: Love, consumerism, chocolate for breakfast. But for the floral industry, it’s essentially a national holiday — and demand is higher than ever. Flower business booms during Valentine’s season: Of the millions of Americans predicted to spend $24.7 billion on Valentine’s Day gifts this year, about 37% of…MORE