Category Archives: CNN – Business

Thanksgiving weekend offers a box office feast for kids and adults
Disney

Thanksgiving weekend offers a box office feast for kids and adults

This Thanksgiving weekend is offering a box office feast with two genres that have been lacking on the menu so far this year: family movies and non-franchise films aimed at adults. Disney’s “Encanto,” an animated film featuring music written by “Hamilton” creator Lin-Manuel Miranda, is expected to have a $35 million domestic opening over the…MORE

SoftBank hit by report that China may force Didi to quit Wall Street
Kazuhiro Nogi/AFP/Getty Images

SoftBank hit by report that China may force Didi to quit Wall Street

Shares of SoftBank plunged about 5% in Tokyo on Friday after Chinese regulators reportedly asked Didi to delist from the United States because of concerns about data security. The Japanese company’s Vision Fund is a major shareholder in the Chinese ride-hailing service with a stake of over 20%. SoftBank shares opened lower on Friday as…MORE

Stocks and oil plunge as new Covid variant fears slam global markets
Erik Pendzich/Shutterstock

Stocks and oil plunge as new Covid variant fears slam global markets

Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. Asian markets led the way, with Hong Kong’s Hang Seng Index dropping 2.7%, while Japan’s Nikkei 225 was down 2.5%. European markets also sold off heavily, with major indexes including the FTSE100, France’s…MORE

Indian farmers forced Modi to back down on new laws. So why aren’t they going home?
Anushree Fadnavis/Reuters

Indian farmers forced Modi to back down on new laws. So why aren’t they going home?

Santosh Singh’s earliest memory is of tilling soil on his family’s farm. Now, the 70-year-old farmer’s eyes gleam with pride as he recalls watching his grandson do the same. But Singh hasn’t been home to Punjab for one year since he joined farmers at one of three protest sites in the Indian capital to campaign…MORE

This could finally be Sears’ and Kmart’s last holiday shopping season
Keith Birmingham/MediaNews Group/Pasadena Star-News/Getty Images

This could finally be Sears’ and Kmart’s last holiday shopping season

This Black Friday could very likely be the start of the final holiday shopping season for Sears and Kmart, two brands that once proudly dominated the US retail landscape. The two chains are only a shell of what they were when the holding company that owns both emerged from bankruptcy less than three years ago.…MORE

Ikea is offering a tiny apartment in Tokyo for less than $1 per month
Ikea

Ikea is offering a tiny apartment in Tokyo for less than $1 per month

Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo. The 10-square-meter (107-square-foot) apartment is located in the Shinjuku district and will cost just 99 yen ($0.86) per month to rent, according to details released by Ikea this week. Only one unit is available, and it…MORE

Germany is giving nearly two million workers a 25% pay rise
Kay Nietfeld/picture alliance/Getty Images

Germany is giving nearly two million workers a 25% pay rise

Almost 2 million workers in Europe’s biggest economy are set for a big pay rise. Three German political parties agreed to form a new government on Wednesday, with left-leaning Social Democrat Olaf Scholz set to succeed Angela Merkel as chancellor following lengthy coalition negotiations. As part of the coalition agreement, the country plans to raise…MORE

This tax would make wealthy corporations pay their fair share

This tax would make wealthy corporations pay their fair share

Corporate America has perfected the art of dodging the taxes that everyone else pays. From 2018 to 2020, 39 of the largest companies in America paid zero dollars in federal income taxes, despite reporting a combined $122 billion in profits, according to analysis from the Institute on Taxation and Economic Policy. And 73 others paid…MORE