Category Archives: CNN – Business

MoviePass, the game-changing ticketing service, is shutting down

MoviePass, the game-changing ticketing service, is shutting down

MoviePass, once a revolutionary ticketing service, is temporarily shutting down on Saturday and it’s unclear if it will return. MoviePass’ CEO Mitch Lowe posted a letter on the service’s website Friday that said “at this point, we are unable to predict if or when the MoviePass service will continue.” Helios and Matheson, the parent company…MORE

Appeals court revives Seth Rich family’s lawsuit against Fox News

Appeals court revives Seth Rich family’s lawsuit against Fox News

A federal appeals court on Friday revived a lawsuit filed against Fox News by the parents of Seth Rich, a Democratic National Committee staffer whose unsolved murder became the basis for conspiracy theories on the far-right. “We would not wish what we have experienced upon any other parent — anywhere,” the Riches said in a…MORE

ABC debate notches 14 million viewers, a sign that interest in primaries is still strong

ABC debate notches 14 million viewers, a sign that interest in primaries is still strong

If you’re wondering whether interest in the Democratic primary process has cooled off, check the Nielsen ratings and stop wondering. Thursday night’s debate featuring ten presidential candidates averaged 14 million viewers across ABC and Univision. The debate ratings were head and shoulders above everything else on TV Thursday night. The core of the debate started…MORE

London Stock Exchange rejects Hong Kong’s $37 billion takeover bid

London Stock Exchange rejects Hong Kong’s $37 billion takeover bid

The London Stock Exchange has roundly rejected Hong Kong’s $37 billion takeover bid, saying it was too low, politically risky and lacked strategic merit. In a strongly worded statement Friday, LSE’s board said it “unanimously” rejects this week’s conditional proposal from Hong Kong Exchanges and Clearing (HKEX). LSE added that it sees “no merit in…MORE

Sainsbury’s commits to cutting its use of plastics by 50%

Sainsbury’s commits to cutting its use of plastics by 50%

Sainsbury’s is joining a growing number of retailers that are promising to slash the amount of plastic they use. The British food retailer said Friday that it had committed to reduce plastic in its business 50% by 2025. “We are well aware that this is ambitious as we currently use around 120,000 tonnes of plastic…MORE

Dow marks 8-day win streak as US-China trade tensions ease

Dow marks 8-day win streak as US-China trade tensions ease

Nothing is spooking investors on this particular Friday the 13th. The Dow climbed to its eighth day of gains in a row on the news that China will exempt US soybeans and pork from its next round of tariffs. The Dow finished 0.1%, or 34 points, higher, logging its longest win streak since May 2018.…MORE

WeWork chooses the Nasdaq for its IPO

WeWork chooses the Nasdaq for its IPO

Happy Friday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Breaking news from the Wall Street Journal: WeWork’s parent company has chosen the Nasdaq for its IPO, which will take place during the week of September 23. Even more interesting:…MORE

China exempts US soybeans and pork from tariffs

China exempts US soybeans and pork from tariffs

China will exempt American soybeans and pork from its latest round of tariffs, in what appears to be another move to ease tensions between the countries as they prepare for a new round of trade talks. Chinese state news agency Xinhua announced the policy change on Friday, citing government sources as saying China would support…MORE