Category Archives: CNN – Business

Takata airbag fault forces recall of another 1.4 million vehicles

Takata airbag fault forces recall of another 1.4 million vehicles

Faulty Takata airbags have already caused the largest auto recall in history, with tens of millions of cars affected. Now a newly discovered defect has prompted the recall of another 1.4 million vehicles. These cars were recalled on Wednesday, authorities in the United States said. As with the wider ongoing recall, the new fault can…MORE

Viacom and CBS are now the same company. What’s next?

Viacom and CBS are now the same company. What’s next?

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. CBS and Viacom, corporate cousins for the past decade, are now one. Shari Redstone’s long-sought merger of the two media companies took effect on Wednesday afternoon, and ViacomCBS will start trading on the NASDAQ on…MORE

Asian stocks rebound on renewed hopes of US-China trade deal

Asian stocks rebound on renewed hopes of US-China trade deal

Asian stocks mostly rebounded on Thursday following a broad decline on Wednesday, as hopes renewed that the United States and China could be closer to a near-term trade deal. Japan’s Nikkei 225 advanced as much as 1% in early trading. It was last up 0.7%, still leading gains in the region. Investors are also looking…MORE

Hedge fund billionaire Steve Cohen is buying the Mets

Hedge fund billionaire Steve Cohen is buying the Mets

The New York Mets have agreed to be sold to hedge fund billionaire Steve Cohen, in a deal that will take five years to complete, the team announced Wednesday evening. During that time the current owner, Fred Wilpon, 83, will continue to serve as the team’s chairman. He bought half the team along with Nelson…MORE

Nissan will pause US operations for two days this January

Nissan will pause US operations for two days this January

Nissan plans to close US operations for two days in early 2020. The news was first reported by Motor1.com, and CNN Business confirmed the move with the auto maker. Affected employees will not be paid during the shutdown, which will take place January 2 and January 3. “We’ve already taken measures to right size our…MORE

Peloton says you ‘misinterpreted’ its much-maligned holiday ad

Peloton says you ‘misinterpreted’ its much-maligned holiday ad

Peloton hears the criticism lobbed at that holiday ad. But the company says critics just misread its inspiring message. The much-maligned spot features a fit woman documenting her progress on a Peloton stationary bike, a gift from her husband. Users criticized the ad’s purported sexism and deafness to the privilege of its subjects in this…MORE

The best cookies you can buy in a store, ranked

The best cookies you can buy in a store, ranked

How lucky are we to exist in the same world as cookies? National Cookie Day is here to remind us just how blessed we are, and in honor of the holiday, we’ve gone ahead and created a totally arbitrary list of some of the best mass-produced cookies in the US. The only criteria: Cookies must…MORE

Oil prices could plunge 30% if OPEC fails to act

Oil prices could plunge 30% if OPEC fails to act

OPEC and its allies are once again being forced to consider dramatic action to avert a crash in oil prices. The Saudi Arabia-led cartel and Russia (collectively called “OPEC+”) are widely expected to announce in Vienna on Friday an agreement to extend production cuts designed to put a floor beneath prices. But a simple rollover…MORE