Category Archives: CNN – Business

Thomas Cook collapses, leaving thousands of travelers stranded

Thomas Cook collapses, leaving thousands of travelers stranded

Capping a painful year, 178-year-old British tour operator Thomas Cook collapsed Sunday night, stranding hundreds of thousands of travelers. The company said in a statement that its board “concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect.” “An application was made to the High Court for…MORE

‘Downton Abbey’ takes box office crown over ‘Ad Astra’ and ‘Rambo’

‘Downton Abbey’ takes box office crown over ‘Ad Astra’ and ‘Rambo’

A group of British aristocrats beat out Brad Pitt as an astronaut and John Rambo at the box office this weekend. “Downton Abbey,” the film adaptation of the popular British period TV drama, won the weekend with an estimated $31 million opening in North America. “Downton Abbey,” which stars Hugh Bonneville and Maggie Smith, represents…MORE

A dissenting voice emerges at the Federal Reserve

A dissenting voice emerges at the Federal Reserve

Happy Sunday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Three Fed officials voted against the quarter-percentage rate cut approved last week. Two of them argued that no change was warranted. The third, Federal Reserve Bank of St. Louis President James Bullard,…MORE

Why last week’s attack could strengthen Saudi Aramco

Why last week’s attack could strengthen Saudi Aramco

An attack in the early hours of September 14 struck at the core of Saudi Aramco, jolting a company that earns over half of Saudi Arabia’s total gross domestic product every year. The drone and missile strikes that lit up the nighttime sky in the Kingdom’s eastern province knocked out over half of the state-owned…MORE

United Auto Workers’ GM strike reaches day five and the pain is spreading

United Auto Workers’ GM strike reaches day five and the pain is spreading

The United Auto Workers union strike against GM showed no signs of a quick conclusion as its impact on other plants and workers continues to spread. GM has about 10,000 US suppliers, and many have had to halt production of parts they would normally deliver to the nation’s largest automaker. As the strike entered its…MORE

The market has spoken: Coal is dying

The market has spoken: Coal is dying

President Donald Trump has gutted regulations on the coal industry, falsely claimed that windmills cause cancer and installed a former coal lobbyist to lead the EPA. In the face of those efforts to rescue coal country, America’s aging fleet of coal-fired power plants continues to shrink. New coal plants are not getting built. Trump’s vow…MORE

Walmart will stop selling e-cigarettes as backlash spreads

Walmart will stop selling e-cigarettes as backlash spreads

Walmart said Friday it will stop selling e-cigarettes as the number of deaths tied to vaping grows and public officials crack down on the industry. The decision by America’s largest retailer may influence other stores and marks another setback for the vaping industry. Walmart said it’s exiting the business because of regulatory flux. CBS, Viacom…MORE

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