Category Archives: CNN – Business

Chipotle adds smoked brisket to its menu for a limited time

Chipotle adds smoked brisket to its menu for a limited time

Chipotle is adding smoked brisket to its menu in select markets in the United States for a limited time. The Mexican food chain says its new beef protein option, which is seasoned with a blend of spices and a Mexican pepper sauce, is already being tested at 64 restaurants in Cincinnati and Sacramento, California. It’s…MORE

Nikola shares fall after GM scraps Badger deal and drops equity stake

Nikola shares fall after GM scraps Badger deal and drops equity stake

General Motors is giving up its equity stake in Nikola Motors and scrapping plans to build the electric truck maker’s Badger pickup as part of a new, scaled-back deal between the companies. Nikola shares plunged more than 20% on the news. The new deal replaces an agreement announced in September in which GM had planned…MORE

Bitcoin hits an all-time high of just under $20,000

Bitcoin hits an all-time high of just under $20,000

Bitcoin just hit another milestone in its impressive 2020 run. The cryptocurrency surged 9% to a new all-time high of about $19,860 on Monday, topping the previous peak of $19,783 from December 2017. It’s been a wild year for bitcoin, which has soared more than 175% since the end of 2019. Prices plunged below $4,000…MORE

Meet the woman tasked with turning around scandal-plagued Bon Appétit

Meet the woman tasked with turning around scandal-plagued Bon Appétit

When a friend reached out to Dawn Davis about the editor in chief opening at Bon Appétit, she was quick to recommend someone else — a writer she had just signed at her Simon & Schuster imprint, 37 Ink. This friend, a restaurant owner, suggested that Davis throw her name in for consideration, but the…MORE

Markets expect a perfect 2021. Will they get it?

Markets expect a perfect 2021. Will they get it?

US stocks reached record highs on Friday as Wall Street’s outlook becomes crystal clear: With Covid-19 vaccines on the way, investors expect the economy to undergo a spectacular rebound next year, sending shoppers on a spending frenzy and padding corporate profits. Banks have issued a flood of 2021 forecasts reflecting this attitude, anticipating a sharp…MORE

S&P Global announces $44 billion purchase of IHS Markit

S&P Global announces $44 billion purchase of IHS Markit

Two of the world’s premier financial information providers are combining. S&P Global is buying IHS Markit for $44 billion in stock. S&P Global is one of the leading providers of credit ratings, analytics and indexes used to assess the global financial markets. It provides a leading index of US home prices as well as the…MORE

China’s tariffs slam door shut on Australian wine’s biggest export market

China’s tariffs slam door shut on Australian wine’s biggest export market

Australia’s winemakers are scrambling to find new buyers around the world after China imposed hefty tariffs on the industry, effectively cutting it off from its most important export market. Beijing’s decision last week to impose tariffs of up to 212% on Australian wine imports has endangered business with mainland China, according to Tony Battaglene, CEO…MORE

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