Category Archives: CNN – Business

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

Cathay Pacific CEO resigns amid Hong Kong protests

Cathay Pacific CEO resigns amid Hong Kong protests

Cathay Pacific CEO Rupert Hogg is resigning after a tumultuous week for Hong Kong’s leading airline. The company has been caught in a political firestorm because of the city’s pro-democracy protests that have angered Beijing. Its business and stock price is also hurting -— hundreds of its flights were canceled when protesters overran the airport…MORE

London Stock Exchange suffers 90 minute outage

London Stock Exchange suffers 90 minute outage

The London Stock Exchange suffered a technical glitch Friday that prevented investors from trading its biggest stocks for more than 90 minutes. The opening of the FTSE 100 and FTSE 250 indexes was delayed by what the exchange described as a “trading services issue.” While other parts of the market opened as usual, trading in…MORE

How to demolish a nuclear power plant without blowing it up

How to demolish a nuclear power plant without blowing it up

This is how you demolish a nuclear power plant German-style. No big red button. No dramatic countdown. No “kaboom!” The engineers who brought down a disused power plant on the River Rhine last week did so without an explosion. Instead they used robots to gently collapse it like a house of cards. Or at least,…MORE

Asian markets rise as China announces plans to help economy

Asian markets rise as China announces plans to help economy

Asian markets rose on Friday after China announced plans that could help boost consumer spending. Hong Kong’s Hang Seng Index gained 0.9%, while China’s Shanghai Composite Index went up 0.3%. China said it would step up its efforts to boost disposable income and stabilize employment. The National Development and Reform Commission announced those plans during…MORE

Disney is the first studio to have five $1 billion movies in a year

Disney is the first studio to have five $1 billion movies in a year

“Toy Story 4” has crossed the $1 billion mark at the global box office, Disney announced on Thursday. That makes the animated Pixar film the fifth billion dollar release for Disney this year. The studio is now the record holder for the most billion-dollar movies in a single year. Disney hit this new milestone amid…MORE