Category Archives: CNN – Business

40 million Americans are at risk of eviction without a stimulus bill

40 million Americans are at risk of eviction without a stimulus bill

Up to 40 million Americans could be evicted by the end of this year, according to a new report published Friday by the Aspen Institute. The report warns that the United States may be facing the most severe housing crisis in history if conditions do not change, with up to 43% of renter households facing…MORE

Escalating US-China tensions spark fresh market fears

Escalating US-China tensions spark fresh market fears

The escalating fight between Washington and Beijing poses a big threat to markets, just as the S&P 500 is climbing back toward its all-time high. What’s happening: President Donald Trump on Thursday issued executive orders that would ban social media apps TikTok and WeChat from operating in the United States if the platforms are not…MORE

Etsy’s on fire as reusable face mask sales surge

Etsy’s on fire as reusable face mask sales surge

In just a matter of months, reusable face masks — the kind you wash and wear — have quickly evolved from being a niche product to an essential public health item in the fight against the spread of the pandemic. This has led to a sudden, immediate consumer demand for cloth face masks for daily…MORE

WeChat ban sends shockwaves through global tech stocks

WeChat ban sends shockwaves through global tech stocks

President Donald Trump’s decision to ban TikTok and WeChat rattled shares from Hong Kong to Tokyo, Amsterdam and Johannesburg on Friday in a cautionary sign that Washington’s crackdown on Chinese companies could have far-reaching consequences for global tech investors. The reckoning was immediate for WeChat parent, Tencent. The company’s stock plunged as much as 10%…MORE

Your UPS packages could get a lot more expensive this fall

Your UPS packages could get a lot more expensive this fall

Shopping online during the upcoming holiday season could get more expensive if it’s delivered by UPS. The company will begin imposing surcharges of several dollars on companies that ship a huge amount of items this fall and early winter, anticipating rising costs as more more people shop online because of coronavirus. The new fees would…MORE

Stocks finish mixed despite solid jobs report as worries about China resurface

Stocks finish mixed despite solid jobs report as worries about China resurface

Stocks ended the day mixed Friday despite the better than expected jobs report, as new fears about economic tensions between the United States and China cast a shadow over Wall Street after President Trump threatened to ban Tencent-owned messaging app WeChat. The market had been heading for a drop before the jobs numbers came out,…MORE