Category Archives: CNN – Business

Mark Cuban calls for $1,000 stimulus checks every two weeks through November

Mark Cuban calls for $1,000 stimulus checks every two weeks through November

Mark Cuban is once again pushing the idea that every American household should receive $1,000 bi-weekly stimulus checks for the next two months. The billionaire investor says additional stimulus for Americans is just as paramount as it was at the start of the pandemic, claiming there are “two economies”, in which some are able to…MORE

US-listed Chinese stocks could struggle after election

US-listed Chinese stocks could struggle after election

The United States and China have a frosty economic relationship right now — see the TikTok asset sale drama — and there are growing expectations that more Chinese companies with stocks trading on US exchanges will soon move their listings home. There are simply too many political risks, experts say, that are unlikely to abate…MORE

Racism has cost America $16 trillion this century alone

Racism has cost America $16 trillion this century alone

Lingering racial inequality is holding back America’s economy. America’s failure to address wide gaps between Black and White communities has cost the economy up to $16 trillion over the past 20 years, according to an analysis published by Citigroup this week. The report — focusing on inequities that exist in wages, education, housing and investment…MORE

Powerball is getting a makeover: New balls and redesigned studio

Powerball is getting a makeover: New balls and redesigned studio

The Powerball drawing is rolling out a whole new look. Beginning September 30, the twice-weekly segment will feature new balls, upgraded ball-dispersing machines and a new studio. The balls are changing from hard rubber balls to solid foam balls, which Powerball calls the “new industry standard for ball sets.” A Powerball spokesperson told CNN Business…MORE

Buffett’s Berkshire backs Scripps deal to buy ION for $2.7 billion

Buffett’s Berkshire backs Scripps deal to buy ION for $2.7 billion

Juicy true-crime stories are hot right now, and Warren Buffett wants in. TV station owner E.W. Scripps is buying true-crime cable network ION Media for $2.65 billion — and Buffett’s Berkshire Hathaway is backing the deal. Shares of Scripps surged more than 20% on the news. Scripps, which relaunched the Court TV cable channel last…MORE

Another 870,000 Americans filed for unemployment benefits last week

Another 870,000 Americans filed for unemployment benefits last week

America’s recovery from the pandemic continues to slow. That was visible again in the Labor Department’s weekly jobless claims report Thursday. Another 870,000 workers filed first-time claims for unemployment benefits on a seasonally adjusted basis. That was up very slightly from the previous week. Six months into this crisis, weekly claims are about four times…MORE