Category Archives: CNN – Business

Carl Bernstein’s advice for viewers watching the Trump impeachment hearings

Carl Bernstein’s advice for viewers watching the Trump impeachment hearings

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The impeachment of President Donald Trump will enter a critical new phase on Wednesday when the House Intelligence Committee’s first formal impeachment inquiry hearing is gaveled in. Deputy Assistant Secretary George Kent and US Charge…MORE

Nissan shares slide after profit falls 70%, forecasts slashed

Nissan shares slide after profit falls 70%, forecasts slashed

Nissan stock sank Wednesday after it reported a 70% plunge in profit and lowered its forecasts for the year. Shares in Japan’s second largest automaker slid as much as 4.3% in early trading in Tokyo. It recovered some of those losses by mid-morning and was last down about 1.4%. So far this year, Nissan shares…MORE

Former HBO chief Richard Plepler in talks for production deal at Apple

Former HBO chief Richard Plepler in talks for production deal at Apple

Richard Plepler, the executive who helped make HBO the cable giant that it is today, is in talks with Apple for an exclusive production deal. Under the new deal, Plepler will create original content for the tech giant’s new streaming service, Apple TV+, according to a person familiar with the matter. Plepler will create content…MORE

Here’s what one of Apple’s first investors thinks went wrong at WeWork

Here’s what one of Apple’s first investors thinks went wrong at WeWork

This is not the year for unicorns. In 2019 alone, WeWork imploded before it even went public. Shares of Uber, Lyft, Slack and other ballyhooed startups have tanked following their Wall Street debuts. Alan Patricof, chairman emeritus of venture capital firm Greycroft and an early backer of Apple and Office Depot, says part of the…MORE

Apple Card is accused of gender bias. Here’s how that can happen

Apple Card is accused of gender bias. Here’s how that can happen

Some Apple Card customers say the credit card’s issuer, Goldman Sachs, is giving women far lower credit limits, even if they share assets and accounts with their spouse. But it’s impossible to know if the Apple Card — or any other credit card — discriminates against women, because creditworthiness algorithms are notoriously opaque. “It’s such…MORE

Disney+ launches, then crashes

Disney+ launches, then crashes

Disney+ launched to much fanfare on Tuesday, and then immediately hit some bumps. Disney fans looking to enjoy all the content the company’s new streaming service had to offer were instead greeted by error pages starring Disney’s own Wreck-It Ralph. “Unable to connect to Disney+,” one error page, which showed Wreck-It Ralph holding a WiFi…MORE

America’s largest milk producer files for bankruptcy

America’s largest milk producer files for bankruptcy

Dean Foods, America’s largest milk producer, is filing for bankruptcy. The 94-year-old company has struggled in recent years because Americans are drinking less cows milk. 2019 has been particularly brutal: the company’s sales tumbled 7% in the first half of the year, and profit fell 14%. Dean Foods stock has lost 80% this year The…MORE

Disney+ review: It’s a lot like Netflix, but with a few twists

Disney+ review: It’s a lot like Netflix, but with a few twists

I’ve been using Disney products my entire life. I go to Disney World nearly every year — a tradition that started when I was three years old. I am even a member of the resorts’ time share program, Disney Vacation Club. Needless to say, I’ve watched countless hours of Disney movies in theaters and on…MORE