Category Archives: CNN – Business

Can stocks shrug off bubble talk? Wall Street thinks so

Can stocks shrug off bubble talk? Wall Street thinks so

Financial markets have been rocked by volatility in recent days as investors try to game out how to play the next phase of the pandemic. What’s happening: After plunging 4.9% last week, the tech-heavy Nasdaq Composite rallied 3% on Monday, logging its best day since November. The S&P 500, which dropped 2.5% last week, rose…MORE

Target saw more sales growth in 2020 than the last 11 years combined. Here’s why

Target saw more sales growth in 2020 than the last 11 years combined. Here’s why

The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought online. Target’s 2020 sales increased 19.8% to $93.6 billion from $78.1 billion last year, the company said Tuesday. Digital sales, which include home delivery and in-store pickup, increased 145%. Target’s sales growth of more than…MORE

China is sounding the alarm about a global market bubble

China is sounding the alarm about a global market bubble

One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world. “We are really afraid the bubble for…MORE

China’s Nio wants to expand overseas, but there are roadblocks ahead

China’s Nio wants to expand overseas, but there are roadblocks ahead

China’s Nio is continuing its turnaround and even eyeing a push abroad. But the wannabe “Tesla killer” isn’t on completely sure footing just yet. Sales for the automaker climbed significantly higher in the fourth quarter of 2020, it reported Monday, though losses also widened more than expected. Nio posted a net loss of almost 1.4…MORE

Amazon employee sues the company, alleging racial discrimination and unequal pay

Amazon employee sues the company, alleging racial discrimination and unequal pay

An Amazon employee filed a lawsuit Monday accusing the tech giant of deliberately paying her and other Black employees less than their White counterparts, becoming the latest on a growing list of current and former Amazon workers to accuse the company of systemic racism. Amazon said it was investigating the allegations in the lawsuit. “Amazon…MORE

Two of the most powerful economic voices in America disagree on a tax for the uber-rich

Two of the most powerful economic voices in America disagree on a tax for the uber-rich

Democratic Senator Elizabeth Warren faces an uphill battle persuading Washington to back her tax on ultra-millionaires — starting with convincing her own party’s Treasury Secretary. Janet Yellen, whom Warren praised last year as an “outstanding choice” to lead the Treasury Department, fears a wealth tax would be too messy to implement. “Then Janet and I…MORE

The maker of a $2,995 home gym is opening up shops in Nordstrom stores

The maker of a $2,995 home gym is opening up shops in Nordstrom stores

Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside Nordstrom stores. Tonal-branded mini shops will debut in March in 40 Nordstrom locations across 20 states, Nordstrom said on Monday. The 50-square-foot shops will be located in the women’s active…MORE

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