Category Archives: CNN – Business

‘Big 4’ accounting firms are on the defensive over Hong Kong protests

‘Big 4’ accounting firms are on the defensive over Hong Kong protests

The world’s “Big 4” accounting firms are distancing themselves from a newspaper advertisement in which people claiming to be their employees expressed support for protesters in Hong Kong. Deloitte, EY, KPMG and PwC said the advertisement, which was published in Hong Kong’s Apple Daily on Friday, does not represent the companies’ views. The advertisement reiterated…MORE

Asian markets bounce on hopes of Chinese stimulus

Asian markets bounce on hopes of Chinese stimulus

Hong Kong and Chinese stocks are rallying on Monday after China revealed measures to protect and boost its economy. Hong Kong’s Hang Seng Index climbed 2.1%. China’s Shanghai Composite Index advanced 1.8%. Analysts pointed to several developments that likely drove optimism, including an announcement from the People’s Bank of China that was meant to prop…MORE

Jack Whitaker, the decorated sports broadcaster, dies at 95

Jack Whitaker, the decorated sports broadcaster, dies at 95

Jack Whitaker, the iconic sports broadcaster, died Sunday morning at his home in Devon, Pennsylvania, of natural causes at age 95. Whitaker’s career spanned nearly four decades after starting at CBS Sports in the late 1950s, the network reported Sunday. There, he covered a range of sports and a number of momentous events, including the…MORE

Can the world’s central banks save the bull market?

Can the world’s central banks save the bull market?

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. To think that central banks could save the bull market is tempting. After all, the promise of rate cuts and other stimulus measures have helped stocks before. And investors clearly…MORE

Apex Legends developer apologizes for controversial loot boxes

Apex Legends developer apologizes for controversial loot boxes

Apex Legends, a rival of video game Fortnite, may be free to play, but the game angered fans this week over its new pricing for limited edition virtual items. The game’s developer, Respawn, owned by Electronic Arts, apologized Friday for the new in-game “loot boxes,” or a random selection of virtual rewards available to players…MORE

White House suspends reporter Brian Karem’s hard pass

White House suspends reporter Brian Karem’s hard pass

It’s official: In a letter to Playboy correspondent and CNN political analyst Brian Karem’s lawyer on Friday, White House press secretary Stephanie Grisham said she had “made a final determination” to suspend Karem’s hard pass for 30 days. The move will be “effective immediately” through Saturday, September 14, 2019. This was, of course, expected. The…MORE

It was a wild week on Wall Street

It was a wild week on Wall Street

It was far from the dog days of summer on Wall Street this past week. Investors went on a roller coaster ride after the markets reacted to both good and bad news. Monday, August 12 The wild ride begins Monday after the Dow closes nearly 400 points lower, or 1.5%. The S&P 500 and Nasdaq…MORE

Another reason to get your holiday shopping done early this year: Tariffs

Another reason to get your holiday shopping done early this year: Tariffs

President Trump doesn’t want to be the Grinch who stole Christmas for American consumers. That’s a major reason why the White House decided this week to push off the implementation of new tariffs on a variety of Chinese goods until mid-December. Trump admitted as much on Tuesday, telling reporters that “we’re doing this for the…MORE

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