Category Archives: CNN – Business

The calm before the Fed storm? Dow edges higher at the start of eventful week

The Dow and the broader US stock market finished slightly higher at the start of a busy week, including a highly anticipated Federal Reserve meeting. The Dow closed 0.1%, or 23 points, higher. The S&P 500 and the Nasdaq Composite finished 0.1% and 0.6%, respectively. The day had started with outright negative news for stocks,…MORE

Carole Ghosn wants Trump to raise her husband’s case with Japan

Carole Ghosn, the wife of former Nissan and Renault chairman Carlos Ghosn, is asking President Donald Trump for help. In an interview with the BBC, she requested that Trump speak with Japanese Prime Minister Abe about “fair trial conditions” for her husband. The two leaders will both be at the G20 summit in Osaka in…MORE

Beyond Meat will start making ‘ground beef’

Beyond Meat is taking a new shape. The alternative meat maker is debuting a plant-based “ground beef,” which marbleizes and tenderizes just like the real thing. The company announced that it will start arriving on shelves beginning next Monday, June 24. It will be sold at several grocery chains including Whole Foods, Wegmans, HEB and…MORE

Pfizer to buy Array BioPharma for $11 billion

Pfizer agreed to spend $11 billion to buy Array BioPharma, a company that is developing small molecule medicines primarily to treat cancer. Array’s portfolio includes two drugs in more than 30 clinical trials for different kinds of cancer, particularly colorectal cancer. The companies said that is the third-most-common form of cancer:140,250 patients were diagnosed with…MORE

Lufthansa is being hit hard by low cost rivals

Lufthansa’s stock plummeted Monday after the German carrier warned that intense competition from low-cost European rivals was hurting its bottom line. Shares in the airline dropped more than 12% in Frankfurt to €15.47 ($17.35), their lowest level in over two years. Lufthansa on Sunday issued a profit warning, downgrading its expected margins for 2019 to…MORE

Paris Air Show; Tariff pain; Stocks rise

1. Paris Air Show: All eyes are on Boeing as the Paris Air Show kicks off Monday. The show is typically an opportunity for Boeing and Airbus to announce orders for hundreds of aircraft. That will be harder this year for the US jetmaker, which has halted deliveries of its 737 Max following two deadly…MORE

President Trump is suddenly using the word ‘treason’ a lot

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Margaret Sullivan said it best on Sunday’s “Reliable Sources” telecast: “Just when we think it really can’t get any worse… when he uses terms like ‘enemy of the people’ or ‘fake news…’ This actually ratchets…MORE

Indian farmers are using the sun to help water their crops

Hundreds of millions of people in India depend on farming for their livelihoods, but widespread droughts in recent years mean they often struggle to find enough water for their fields. Rain evaporates fast in the country’s punishing summer heat, forcing farmers to rely on expensive and polluting diesel pumps to access groundwater for irrigation. A…MORE