Category Archives: CNN – Business

Asia markets get Hong Kong and Huawei boost

Asia markets get Hong Kong and Huawei boost

Asian markets were mostly quiet Thursday, but Hong Kong stocks climbed after the financial hub gave its real estate sector reason to cheer. China’s Shanghai Composite Index traded flat, while Japan’s Nikkei 225 inched up 0.1% and South Korea’s Kospi edged lower. Hong Kong’s Hang Seng Index advanced as much as 1.1% in the morning…MORE

Family Circle magazine to shut down after December issue

Family Circle magazine to shut down after December issue

Family Circle, the monthly home magazine for women that launched in 1932, will close after its December issue publishes. Parent company Meredith acquired Family Circle from publisher Gruner + Jahr USA in 2005. The magazine has 13 million readers and more than 1 million followers on social media, according to Meredith’s site. The company said…MORE

Netflix misses on subscribers, but stock is up

Netflix misses on subscribers, but stock is up

Netflix fell short of its own expectations on Wednesday when it reported in its third quarter earnings that it added 6.8 million new subscribers. That is just a tick under the 7 million that the company was projecting. Netflix now has 158.3 million subscribers globally. The company’s stock went up as much as 10% in…MORE

Invest like Warren Buffett — Is this value’s time to finally shine?

Invest like Warren Buffett — Is this value’s time to finally shine?

Is the market’s love affair with Big Tech finally coming to an end? That might be a stretch. But there’s a growing chorus on Wall Street for investors to look beyond the FANG momentum plays and more toward value stocks. In other words, investors are pulling a Warren Buffett. Companies in sectors like banking, energy…MORE

Deal reached to end GM strike

Deal reached to end GM strike

Negotiators from General Motors and the United Auto Workers union have reached a tentative deal to end a 31-day strike by nearly 50,000 workers. Details of the agreement were not immediately available. The deal was confirmed by Terry Dittes, the UAW’s chief negotiator with GM. The tentative agreement needs the approval of both union leadership…MORE

Two of Las Vegas’ most famous hotels are under new ownership

Two of Las Vegas’ most famous hotels are under new ownership

MGM Resorts is offloading two well-known Las Vegas casinos in separate deals that total nearly $5 billion. The gaming company said Tuesday it’s selling Circus Circus to a rival resort owner for $825 million. MGM is also forming a joint venture with private equity firm Blackstone to acquire the Bellagio’s real estate and lease it…MORE

It’s a tough time to be a bank, but Bank of America is finding ways to grow

It’s a tough time to be a bank, but Bank of America is finding ways to grow

Bank of America’s business withstood the slowing economy and tricky interest rate environment better than feared. The nation’s second-largest bank said Wednesday it managed to narrowly grow lending profits despite the recent plunge in interest rates. Bank of America’s results, coupled with JPMorgan Chase’s big earnings beat, could help ease recession fears in the United…MORE

This is a ‘make or break quarter’ for Netflix

This is a ‘make or break quarter’ for Netflix

Happy Wednesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Netflix reports third quarter earnings after US markets close. The stakes couldn’t be higher. Shares of the company have nosedived more than 20% since Netflix released disappointing second quarter results…MORE

Playlist

Headlines