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Business News

Thursday, Sep 20, 2018 at 08:46 AM PDT

US Home Sales Flat in August, Down Over Past 12 Months

US Home Sales Flat in August, Down Over Past 12 Months

U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level considered to be affordable for the middle class — has become a drag on the real estate...

Wednesday, Sep 19, 2018 at 12:11 PM PDT

Retailers Could Top $1.1 Trillion in Holiday Sales

Retailers Could Top $1.1 Trillion in Holiday Sales

Retailers appear to have the odds in their favor this holiday season, with record-low unemployment across the U.S., strong consumer confidence and building sales momentum so far in 2018. "We think most...

Tuesday, Sep 18, 2018 at 07:15 PM PDT

US-China Trade War Could Soon Pose a Serious Economic Threat

US-China Trade War Could Soon Pose a Serious Economic Threat

Seeking better-skilled workers, Cedar Electronics decided last year to return some of its manufacturing to the United States from the Philippines, only to run smack into a worsening U.S.-China trade war. Cedar...

Tuesday, Sep 18, 2018 at 04:24 PM PDT

Ferrari Reveals Its Most Powerful Road Car Ever

Ferrari Reveals Its Most Powerful Road Car Ever

Ferrari has debuted two new road cars, claiming they are fitted with the most powerful engine ever built by the Italian car maker. The luxury sports car maker took the wraps off the Ferrari Monza SP1 and SP2 at...

Tuesday, Sep 18, 2018 at 12:52 PM PDT

SeaWorld, Former Execs Must Pay $5 Million to Settle Claim

SeaWorld, Former Execs Must Pay $5 Million to Settle Claim

SeaWorld and two former executives have agreed to pay more than $5 million to settle fraud claims that they misled investors over the negative impact the 2013 documentary "Blackfish" had on business. The...

Tuesday, Sep 18, 2018 at 10:15 AM PDT

Black Friday Still on Track as Busiest Shopping Day: Survey

Black Friday Still on Track as Busiest Shopping Day: Survey

Even though retailers are offering deals earlier and earlier each holiday season, resulting in a "Christmas creep," Black Friday is still expected to be the busiest shopping day of 2018, by far, according to one...

Monday, Sep 17, 2018 at 02:37 PM PDT

Coca-Cola 'Closely Watching' Use of Cannabis in Wellness Drinks

Coca-Cola 'Closely Watching' Use of Cannabis in Wellness Drinks

While Coke may be looking into the potential of marijuana-infused health beverages for pain relief, the company has no interest in helping consumers get high. The Coca-Cola Company released a statement on...

Monday, Sep 17, 2018 at 02:41 PM PDT

Amazon Plans to Release at Least 8 New Alexa-Powered Devices

Amazon Plans to Release at Least 8 New Alexa-Powered Devices

Amazon is doubling down on its Alexa-powered devices, with plans to release at least 8 new voice-controlled hardware devices before the end of the year, CNBC has learned. The devices include, among others, a...

Sunday, Sep 16, 2018 at 06:52 PM PDT

Time Magazine Sold for $190M to Salesforce Co-Founder, Wife

Time Magazine Sold for $190M to Salesforce Co-Founder, Wife

Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday. Meredith announced that it was selling Time magazine for $190 million in cash to...

Saturday, Sep 15, 2018 at 05:53 PM PDT

Report: Trump Going Ahead With Plans for New China Tariffs

Report: Trump Going Ahead With Plans for New China Tariffs

President Donald Trump is going ahead with plans to impose new tariffs on about $200 billion of Chinese imports, The Wall Street Journal reported Saturday. Both sides were preparing to hold new talks on...

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