Category Archives: CNN – Business

Coronavirus fears have pushed the US dollar to a three-year high

Coronavirus fears have pushed the US dollar to a three-year high

The US dollar index reached a three-year high as investors worried about the global coronavirus outbreak are moving their money into the safe-haven greenback. Investments considered safe in times of market turmoil have been rallying since the outbreak became Wall Street’s number one worry in January. Cases continue to rise globally. The full financial and…MORE

‘Friends’ reunion special set for HBO Max

‘Friends’ reunion special set for HBO Max

Cue up The Rembrandts and get ready to argue about if Ross and Rachel were on a break. The cast of “Friends” is reuniting on HBO Max. Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, Matthew Perry, and David Schwimmer are starring in a reunion special for WarnerMedia’s upcoming streaming service, the company announced on…MORE

Boeing wants to end a $100 million tax break it gets. Here’s why

Boeing wants to end a $100 million tax break it gets. Here’s why

It’s not often that a company asks to end a tax break that is worth about $100 million a year. But Boeing is doing just that. It’s not out of any sense of corporate largess that Boeing is seeking to end the tax break it has been getting from Washington, its home state. Instead it…MORE

How Victoria’s Secret lost its way

How Victoria’s Secret lost its way

Victoria’s Secret has struggled to keep pace with shifting consumer tastes. Five years ago, Victoria’s Secret produced nearly two-thirds of the revenue for its parent company, which was then worth $28 billion. This week, Victoria’s Secret was taken private in a deal that values the brand at just $1.1 billion. L Brands, Victoria’s Secret’s parent…MORE

Twitter is Wall Street’s favorite social media stock

Twitter is Wall Street’s favorite social media stock

Twitter’s decision to not accept ads from politicians — even though the social media platform is used frequently by President Donald Trump and the Democratic presidential contenders — appears to be paying dividends. Shares of Twitter are up nearly 20% so far in 2020. That’s well ahead of the gains of social media rivals Facebook…MORE