Category Archives: CNN – Business

Why stocks keep moving higher. And higher. And higher.

Why stocks keep moving higher. And higher. And higher.

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Why do stocks continue to rise in the face of anxiety about the coronavirus? Ongoing support from the Federal Reserve, a stable outlook for corporate earnings and fear of missing out may…MORE

The BBC is nearly 100 years old. Will it survive the next decade?

The BBC is nearly 100 years old. Will it survive the next decade?

Britain’s public service broadcaster has been at the heart of media in the United Kingdom and many parts of the world for the best part of a century. Now it’s facing a brutal fight for survival. The British Broadcasting Corporation is confronting unprecedented political hostility, looming threats to its funding, deep cuts to some services…MORE

Break out the tumblers. The price of wine is dropping fast

Break out the tumblers. The price of wine is dropping fast

Let’s raise our tumblers and toast to cheaper wine. The price of wine is expected to drop to its lowest levels in five years thanks, in part, to a surplus of California grapes. Combined with a decreased demand for wine, drinkers can expect to get better value for every drop they drink this year. The…MORE

Cannabis giant Canopy Growth posts earnings surprise

Cannabis giant Canopy Growth posts earnings surprise

The week ended on a high note for Canopy Growth. The world’s largest cannabis company by market cap saw its shares finish up more than 13% Friday after its third-quarter financial results surpassed expectations. Canopy’s net revenue of $123.8 million and net loss of $124.2 million, or 35 cents per share, fared far better than…MORE

What happens to the Valentine’s Day flowers that don’t get sold?

What happens to the Valentine’s Day flowers that don’t get sold?

Valentine’s Day represents different things to different people: Love, consumerism, chocolate for breakfast. But for the floral industry, it’s essentially a national holiday — and demand is higher than ever. Flower business booms during Valentine’s season: Of the millions of Americans predicted to spend $24.7 billion on Valentine’s Day gifts this year, about 37% of…MORE

The world’s biggest work-from-home experiment has been triggered by coronavirus

The world’s biggest work-from-home experiment has been triggered by coronavirus

In offices across Asia, desks are empty and the phones are quiet, as the region grapples with a deadly virus. In major hubs like Hong Kong and Singapore, shops are shuttered, public facilities are closed, and there are few people wandering the usually-bustling financial districts. Instead, millions of people are holed up in their apartments,…MORE

Warren Buffett adds Kroger to his investing shopping cart

Warren Buffett adds Kroger to his investing shopping cart

Warren Buffett’s Berkshire Hathaway disclosed a new stake in Kroger after the closing bell Friday. Shares of the nation’s largest supermarket surged 6% on the news. Berkshire Hathaway bought nearly 19 million shares in Kroger during the fourth quarter, a purchase that makes Berkshire one of the 10 largest holders of the company’s stock. The…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…