Category Archives: CNN – Business

Madoff whistleblower says GE is ‘one recession away from Chapter 11’

Madoff whistleblower says GE is ‘one recession away from Chapter 11’

Harry Markopolos, the accounting investigator who accused General Electric of massive fraud on Thursday, is warning that the company could be in serious financial trouble — and even go bankrupt — if the economy turns south. “GE is one recession away from Chapter 11. Their balance sheet is in tatters,” Markopolos told Julia Chatterley on…MORE

8 out of 10 people have cried at work, so just know you’re not alone

8 out of 10 people have cried at work, so just know you’re not alone

According to a new study from job search company Monster, 8 out of 10 people have cried at work, which means the other two are either lying or wait to have their existential crises in the parking lot. Why are so many darkened conference rooms being stained with the secret tears of a disconsolate workforce?…MORE

How the Washington Post has changed under Jeff Bezos

How the Washington Post has changed under Jeff Bezos

Amazon chief Jeff Bezos bought the Washington Post in 2013, and within three years the paper had doubled its web traffic and become profitable — an impressive feat for a media company that struggled in the wake of the financial crisis. The swift turnaround is impressive, to be sure, but what makes Bezos different from…MORE

Deere struggles as farmers fret about the trade war

Deere struggles as farmers fret about the trade war

American farmers are nervous about the US trade war with China. That’s a big problem for Deere. The agricultural equipment company reported earnings and sales that missed Wall Street forecasts Friday, and Deere lowered its outlook. Overall revenue fell 3% from a year ago. The results “reflected the high degree of uncertainty that continues to…MORE

When Bezos met Dimon: Behind their powerful friendship

When Bezos met Dimon: Behind their powerful friendship

Jamie Dimon had recently been fired from Citigroup and had visions of living on a houseboat when he flew to Seattle after receiving a call from an Amazon headhunter in 1997. On that trip, Dimon had lunch with Amazon founder and CEO Jeff Bezos. That meeting became the start to a decades-long friendship that has…MORE

Dow jumps nearly 310 points to cap off a crazy week

Dow jumps nearly 310 points to cap off a crazy week

The Dow shot higher by 307 points Friday, as investors capped off a wild week for Wall Street on a high note. US stocks rose after bond yields edged up and Europe and China announced plans for additional stimulus to shore up their economies in the wake of a global trade war. The Dow finished…MORE

First on CNN Business: Banana Republic joins the clothing rental craze

First on CNN Business: Banana Republic joins the clothing rental craze

Rent the Runway upended retail by offering women designer clothes to rent. Now, a wave of leading brands and department stores are following with their own online clothing rental subscriptions to reach younger shoppers who want to borrow their pants, shirts and dresses. Banana Republic said Friday that it will launch an online rental service…MORE

Hong Kong’s top billionaire appeals for calm ahead of more protests

Hong Kong’s top billionaire appeals for calm ahead of more protests

Hong Kong’s richest man has added his voice to a growing clamor from the city’s business elite for calm as pro-democracy protests enter their 11th week. “In the name of love, please turn away from anger,” read an advertisement published by Li Ka-shing in several local newspapers in Hong Kong on Friday. Li’s appeal comes…MORE

Who do you believe? The American consumer or the bond market?

Who do you believe? The American consumer or the bond market?

Happy Friday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Talk about whiplash. Stocks ended in positive territory on Thursday — but for investors, it’s clearly getting harder to separate the signal from the noise. On one hand, there have…MORE

Blogs

When the “Victims” Strike Back

A lot of terms were used to describe the man that opened fire on Republicans members of Congress at their baseball practice in Alexandria, Virginia on Wednesday.  “Bernie Sanders supporter”, “left wing extremist”, “disturbed”, and “troubled” were the most common used by those investigating the matter, those who were among the targets and those who…

Less Than Compelling

Usually us curmudgeons like to go on and on about how sports, music and movies were better in “our day”.  I think that you can add Congressional hearings to that list as well.  That’s what I was thinking during both the James Comey and Attorney General Jeff Sessions testimony the last couple of weeks.  While…

Un-settling the Science

While James Comey was sucking up all the oxygen in the room, there was a pretty major science announcement last week.  It turns out that the human species might be much older than we originally thought.  Fossils found in Morocco place our earliest ancestors on the planet as far back as 350-thousand years ago.  Until…

Open Week

Welcome to US Open week here in Wisconsin.  Many of you will be venturing down to Erin (or Hartford or Richfield–I’ve seen all three used to describe the location of the course in stories) for practice rounds the next three days–or for the competitive rounds Thursday through Sunday (and possibly Monday–more on that later).  Here…