Category Archives: CNN – Business

How this week’s Palantir and Asana listings could reshape the IPO market

How this week’s Palantir and Asana listings could reshape the IPO market

Two “unicorn” startups with ties to Facebook are set to go public this week in a somewhat unconventional way. And if they succeed, they could radically change what’s next for private companies looking to make their way to Wall Street. Big Data firm Palantir, whose co-founder Peter Thiel is a Facebook board member, will debut…MORE

Fred Perry stops selling polo shirt associated with the ‘Proud Boys’

Fred Perry stops selling polo shirt associated with the ‘Proud Boys’

British apparel-maker Fred Perry has pulled a polo shirt from the US market after it became associated with the far-right group the Proud Boys. Fred Perry said in a statement last week that it stopped selling one of its signature black and yellow shirts in the US a year ago because it had become popular…MORE

Dow rallies on hopes for a stimulus package

Dow rallies on hopes for a stimulus package

The US stock market rallied on Monday, ignoring negative headlines that weighed on the market over the past few weeks in favor of hoping for a stimulus deal out of Washington. Stocks closed sharply higher after a whole session spent in the green. The Dow closed 1.5%, or 410 points, higher. The index had been…MORE

Amazon’s Prime Day highlights the huge stakes ahead for retail

Amazon has fired the starting gun for a hugely important shopping season, with retailers racing to make up as many lost sales as possible between now and the end of the year. What’s happening: Amazon said Monday that it will host its annual Prime Day on October 13 and 14. The sales event, which normally…MORE

9 key takeaways about Trump Inc. from the New York Times report

9 key takeaways about Trump Inc. from the New York Times report

A bombshell New York Times investigation has offered the most conclusive proof yet that US President Donald Trump’s business empire is nowhere near as successful as he claims. Trump has for years cited his business acumen as a defining trait, and one that gave him an advantage over others seeking the presidency. “I did a…MORE

Big Hit IPO makes BTS millionaires and their producer a billionaire

Big Hit IPO makes BTS millionaires and their producer a billionaire

All seven members of boy band BTS have become multimillionaires after their label, Big Hit Entertainment, pulled off South Korea’s biggest stock market listing in three years. The K-pop label is issuing its shares at 135,000 won ($115) each, Big Hit said in a filing on Monday, raising 962.55 million won ($822 million) and valuing…MORE

Caesars could buy William Hill for $3.7 billion as sports betting booms

Caesars could buy William Hill for $3.7 billion as sports betting booms

Caesars Entertainment is in talks to buy William Hill in a deal that would value the British bookmaker at £2.9 billion ($3.7 billion) and underscore the size of the opportunity in online gaming and sports betting in the United States. In a joint statement on Monday, the companies said that the casino operator could offer…MORE

Amazon Prime Day set for October 13 and 14

Amazon Prime Day set for October 13 and 14

Amazon said Monday that it will host its annual Prime Day sales event on October 13 and 14. Prime Day, which normally takes place in mid-July, had been postponed because of the pandemic. The event is Amazon’s version of Christmas in the summer, and sales routinely outpace Black Friday. This is the latest that Amazon…MORE

Remote work could spell doom for your favorite dry cleaner and lunch spot

Remote work could spell doom for your favorite dry cleaner and lunch spot

Many Americans have been working from home since the pandemic started. But the shift to remote working could cause massive problems for the jobs and economy that have long relied on bustling offices and crowded business districts. The office ecosystem — the dry-cleaners, convenience stores, salad bars and coffee shops — has suffered during the…MORE

Chris Wallace won’t fact check Trump and Biden during the debate

Chris Wallace won’t fact check Trump and Biden during the debate

The presidential debates for the 2020 election kick off Tuesday in Cleveland, and many Americans are uncertain about what to expect. One thing is for sure: Fox News Sunday anchor and moderator Chris Wallace will not be tasked with fact-checking the candidates in real-time. “We don’t expect Chris or our other moderators to be fact…MORE

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