Category Archives: CNN – Business

Asian markets mostly move higher, following Wall Street’s lead

Asian markets mostly move higher, following Wall Street’s lead

Asian stocks mostly rose Tuesday, tracking a positive session on Wall Street overnight. South Korea’s Kospi rose 1.1%. Hong Kong’s Hang Seng Index gained 0.2%. China’s Shanghai Composite Index, though, inched down 0.1%, erasing slight gains in earlier trading. Japanese markets are closed for a public holiday. Major stock indexes ended in the green Monday.…MORE

End of GM strike still uncertain, despite tentative labor deal

End of GM strike still uncertain, despite tentative labor deal

The strike at General Motors has already gone on for five weeks. It might drag on even longer if strikers reject a tentative agreement reached last week between the company and negotiators for the United Auto Workers union. The negotiating team and union leadership are both recommending that the nearly 50,000 strikers vote to ratify…MORE

The owner of Saks Fifth Avenue is going private

The owner of Saks Fifth Avenue is going private

Hudson’s Bay Company, which owns Saks Fifth Avenue, has agreed to be taken private in the latest upheaval to hit the retail sector. The Canadian-based retailer said Monday it will buy back the remaining 43% of shares it doesn’t already own at a price of $10.30 Canadian dollars per share [US $7.86], a 9% increase…MORE

There are more wealthy Chinese than Americans for the first time

There are more wealthy Chinese than Americans for the first time

For the first time, there are more rich Chinese than Americans in the top 10%. A new report from Credit Suisse shows that wealth in China is ticking up, and the country now accounts for 100 million of the richest 10% of people in the world. There are 99 million Americans in the same category.…MORE

Dunkin’ is launching its Beyond Meat sandwich nationally

Dunkin’ is launching its Beyond Meat sandwich nationally

Dunkin’ is launching its Beyond Meat breakfast sandwich nationally in November, two months ahead of schedule, after a highly successful test of the product this summer. The buzzy new sandwich is a way for the chain to capitalize on growing consumer interest in plant-based proteins — and take up more space in the increasingly competitive…MORE

A sign of the times: Nervous CEOs are spending less cash

A sign of the times: Nervous CEOs are spending less cash

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. American CEOs are worried — so worried, in fact, that their spending is slumping at the fastest rate in a decade, according to a new report from analysts at Goldman…MORE