Category Archives: CNN – Business

Hasbro strikes deal to buy Peppa Pig owner for $4 billion

Hasbro strikes deal to buy Peppa Pig owner for $4 billion

Hasbro has cut a deal to buy the company that owns popular children’s cartoon Peppa Pig, expanding its push into entertainment with a bet on preschoolers. The US toymaker said Thursday that it had reached an agreement to buy eOne for $4 billion. The entertainment company, which trades on the London Stock Exchange, also owns…MORE

Hong Kong’s subway operator says it will shut down service at signs of violence

Hong Kong’s subway operator says it will shut down service at signs of violence

Hong Kong’s subway operator says it will crack down on violence at its train stations. MTR’s announcement comes amid heavy criticism of the company from Chinese state media, which has accused it of helping participants of the city’s pro-democracy protests. The subway system has also been disrupted by demonstrations over the past several weeks. The…MORE

Asian markets edge higher before Powell’s speech; yuan tumbles further

Asian markets edge higher before Powell’s speech; yuan tumbles further

Asian markets mostly moved cautiously higher Friday as investors awaited Federal Reserve Chairman Jerome Powell’s speech for clues on whether the US central bank will cut interest rates in the future. Hong Kong’s Hang Seng Index advanced 0.6%, while China’s Shanghai Composite Index also gained 0.6%. Japan’sNikkei rose 0.2%, while South Korea’s Kospi was flat.…MORE

Jerome Powell faces his biggest test yet in high-profile speech

Jerome Powell faces his biggest test yet in high-profile speech

Federal Reserve Chairman Jerome Powell will face his most serious test in the job yet when he speaks Friday at the annual economic powwow in Jackson Hole, Wyoming. He is facing tremendous political pressure from President Donald Trump, and expectations from many investors, to deliver more rate cuts. Powell will need to assure markets —…MORE

Overstock CEO resigns after his ‘deep state’ comments sparked stock selloff

Overstock CEO resigns after his ‘deep state’ comments sparked stock selloff

The outspoken CEO of online home goods retailer Overstock.com resigned Thursday, days after he issued a press release entitled “Comments on Deep State” that claimed he helped the FBI carry out “political espionage.” The strange post from longtime Overstock chief Patrick Byrne triggered a steep decline in Overstock’s stock price last week. The company’s stock…MORE

Dick’s is still figuring out what to do with its gun business

Dick’s is still figuring out what to do with its gun business

Dick’s Sporting Goods said it is still reviewing whether to continue to sell firearms as it weighs results from 135 stores which no longer carry guns. The nation’s largest sporting goods-only retailer reported strong results from its other businesses: athletic equipment, clothing and footwear. Its sales were not significantly hit in stores where it replaced…MORE

America’s manufacturing sector shrank for the first time in nearly a decade

America’s manufacturing sector shrank for the first time in nearly a decade

The manufacturing sector has become the problem child of the US economy. American manufacturing activity is slowing as rising tariffs have made materials more expensive. The sector shrunk for the first time since September 2009, according to IHS Markit. Markit’s flash manufacturing purchasing managers’ index for August fell just below 50, indicating a contraction. It…MORE

What is the yield curve and why it matters

What is the yield curve and why it matters

The bond market is trying to tell us something: The yield curve keeps inverting, flashing a warning sign that a recession could be coming. The 10-year US Treasury yield briefly fell below the 2-year yield again this week. A yield curve inversion happens when long-term bond yields fall below short-term bond yields. That rarely occurs.…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?