Category Archives: CNN – Business

OPEC’s plan to boost oil prices may not work

OPEC’s plan to boost oil prices may not work

The plan unveiled just last week by OPEC and allied oil producers to prop up crude prices could fall flat. Deeper production cuts by the cartel and other major producers including Russia won’t be enough to prevent a global supply glut, the International Energy Agency said Thursday. Even if the countries adhere to the deal…MORE

Lizzo celebrates ‘Entertainer of the Year’ media accolades

Lizzo celebrates ‘Entertainer of the Year’ media accolades

Lizzo is feeling “good as hell” after being named Time magazine‘s 2019 Entertainer of the Year. The rapper-singer-flutist, known for her vociferous support of body positivity, earned the coveted title for her “relentlessly positive and impossibly catchy” sound. She was also named in Entertainment Weekly’s Entertainers of the Year list. The Detroit native, who released…MORE

Mario who? Christine Lagarde steps into the ECB spotlight

Mario who? Christine Lagarde steps into the ECB spotlight

Happy Thursday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Time for Christine Lagarde to step into the spotlight. The European Central Bank president presides over her first policy decision on Thursday, followed by a highly-anticipated press conference. What to…MORE

The world has its first $2 trillion company. But for how long?

The world has its first $2 trillion company. But for how long?

Saudi Aramco shares zoomed higher on Thursday, turning the massive state oil producer into the world’s first $2 trillion company and achieving the valuation long sought by Crown Prince Mohammed bin Salman. The stock gained 10% for a second consecutive day, reaching 38.70 riyals ($10.32) per share before giving up some of its gains. Saudi…MORE

Asian markets move higher after the Fed holds interest rates steady

Asian markets move higher after the Fed holds interest rates steady

Asian markets mostly rose Thursday after the Federal Reserve kept interest rates steady, putting an end to the year’s series of rate cuts. Hong Kong’s Hang Seng Index advanced 1.2%. South Korea’s Kospi gained 1.1%. Japan’s Nikkei 225 moved up 0.2%. China’s Shanghai Composite crept higher at open, but soon dipped 0.1%. The Federal Reserve…MORE

Auto workers OK labor deal at Fiat Chrysler

Auto workers OK labor deal at Fiat Chrysler

Auto workers at Fiat Chrysler have ratified a new four-year contract, closing the door on the possibility of another strike like the one that shut down rival General Motors for six weeks. The United Auto Workers union said that 71% of members at Fiat Chrysler voted for the contract. It was a much easier vote…MORE

Using machine learning to make work ‘suck a little less’

Using machine learning to make work ‘suck a little less’

Technology is a blessing and a curse for the modern office worker. Lightning-fast computers make the impossible possible. But constant distraction and friction slows work down. Workers are bombarded with a steady stream of emails, instant messages and requirements to log onto different systems to do such basic tasks as requesting vacation and filing expense…MORE

Sinclair drops political commentary segments by former Trump aide Boris Epshteyn

Sinclair drops political commentary segments by former Trump aide Boris Epshteyn

Sinclair Broadcast Group, an influential owner of TV stations across the country, will no longer require stations to carry political commentary segments. The short commentaries are being scrapped, and investigative reports are being prioritized, the company confirmed to CNN Business on Wednesday. This means that Boris Epshteyn, a former Trump aide, will no longer be…MORE

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