Category Archives: CNN – Business

Lufthansa is being hit hard by low cost rivals

Lufthansa’s stock plummeted Monday after the German carrier warned that intense competition from low-cost European rivals was hurting its bottom line. Shares in the airline dropped more than 12% in Frankfurt to €15.47 ($17.35), their lowest level in over two years. Lufthansa on Sunday issued a profit warning, downgrading its expected margins for 2019 to…MORE

Paris Air Show; Tariff pain; Stocks rise

1. Paris Air Show: All eyes are on Boeing as the Paris Air Show kicks off Monday. The show is typically an opportunity for Boeing and Airbus to announce orders for hundreds of aircraft. That will be harder this year for the US jetmaker, which has halted deliveries of its 737 Max following two deadly…MORE

President Trump is suddenly using the word ‘treason’ a lot

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Margaret Sullivan said it best on Sunday’s “Reliable Sources” telecast: “Just when we think it really can’t get any worse… when he uses terms like ‘enemy of the people’ or ‘fake news…’ This actually ratchets…MORE

‘Men In Black International’ wins at a sluggish box office

The summer has yet to warm up for Hollywood at the box office. “Men In Black International,” Sony’s latest film in the Men In Black franchise, brought in an estimated $28.5 million opening at the North American box office this weekend. That was enough to give the science fiction flick the top spot, but it…MORE

Why New Balance turned on Trump over China tariffs

American sneaker company New Balance welcomed President Donald Trump’s tough trade stance in 2016 — but now the athletic footwear manufacturer is strongly opposing the President’s latest threat to expand tariffs on China. New Balance boasts that it’s the only major company to make more than four million pairs of athletic shoes a year domestically.…MORE

Why it’s too early to hunker down for a recession

1. Making sense of mixed signals: Trade wars. Inverted yield curves. And talk of a 2020 recession. It’s clearly an uncomfortable time for investors. And yet US stocks have raced back to life after a horrible May. The S&P 500 finished on Friday just 2% shy of its all-time highs. The choppy action points to…MORE