Category Archives: CNN – Business

Nike further expands protections for pregnant athletes after fierce backlash

Nike further expands protections for pregnant athletes after fierce backlash

Nike is making further changes to its maternity policy for sponsored athletes after its previous rules sparked a backlash from high-profile stars. The policy adjustment ensures that female athletes won’t be “adversely impacted financially for pregnancy” for 18 months, which is six months more than under the previous policy. The company confirmed the changes to…MORE

Dow futures rise 300 points on hopeful signals about trade

Dow futures rise 300 points on hopeful signals about trade

Dow futures soared Monday as investors grew increasingly optimistic about a potential resolution to the the trade war and a limit to its economic fallout. Although President Donald Trump has repeatedly fanned the trade war flames, he tweeted Sunday that the United States and China were “talking.” He also tried to tamp down recession fears,…MORE

Germany’s central bank issues recession warning

Germany’s central bank issues recession warning

Germany’s central bank is warning that the country could be slipping into recession. The Bundesbank said Monday that Europe’s largest economy “is probably set to remain lackluster in the third quarter of 2019.” It predicts that GDP “could continue to fall slightly.” GDP for the three months ended June contracted 0.1% compared to the first…MORE

China’s central bank is cutting interest rates by stealth

China’s central bank is cutting interest rates by stealth

Central banks around in the world are cutting interest rates to head off recession. China is now joining them, but in a roundabout way. On Saturday, the People’s Bank of China launched a long-awaited reform to the way it manages money in the world’s second biggest economy to support growth and employment. Its aim is…MORE

America’s CEOs channel Elizabeth Warren: Businesses must serve more than one master

America’s CEOs channel Elizabeth Warren: Businesses must serve more than one master

Is the purpose of a company to enrich shareholders by maximizing profit? Or must a business also enrich the lives of its customers, employees and communities it serves? Both, America’s CEOs say. The Business Roundtable on Monday said America’s corporations are responsible for improving society by serving all stakeholders ethically, morally and fairly. It’s a…MORE

Stocks rally as Trump preaches optimism and China digs in

Stocks rally as Trump preaches optimism and China digs in

Happy Monday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Investors desperate for good news on trade and global economic growth are in luck. Over the weekend, Trump downplayed concerns that the US economy is slowing, and he said that…MORE

‘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

Blogs

Dave Says: It’s only temporary

Dave Says: It’s only temporary

Should I still contribute up to the match to my 401(k) at work, like you recommend, if I’m in the process of trying to get out of debt?