Category Archives: CNN – Business

The euro falls on talk of more easy money. Trump hits back on Twitter

Europe signaled Tuesday that it could return to printing money to boost its flagging economy, a potential reversal of policy that drew an immediate rebuke from President Donald Trump. European Central Bank President Mario Draghi said in a speech that he was open to boosting monetary stimulus if economic conditions in Europe don’t improve. He…MORE

First on CNN Business: Best Buy starts to sell home exercise equipment

Americans are busy and want everything on demand from their living rooms, including workouts. Best Buy is looking to capitalize on the trend by selling at-home exercise equipment. Best Buy announced Tuesday that it will begin selling $2,000 Flywheel stationary bikes that offer virtual cycling classes; Hydrow rowing machines that give rowers views of Miami…MORE

Inside Shake Shack’s unusual global strategy

Shake Shack is expanding its global empire with a location in Mexico City. The burger brand, which turns 15 this summer, is tiny compared to rival international chains. McDonald’s had nearly 38,000 restaurants worldwide at the end of 2018, and Burger King finished last year with nearly 18,000 locations. Shake Shack, on the other hand,…MORE

Boeing is open to changing the name of the 737 Max

Boeing is open to renaming its troubled 737 Max, its most important and currently its most infamous aircraft. Boeing Chief Financial Officer Greg Smith revealed the possibility of a name change while speaking to Bloomberg on the sidelines of the Paris Air Show. “I’d say we’re being open-minded to all the input we get,” he…MORE

Bitcoin hit $9,300, its highest level in 13 months

Bitcoin’s stunning spring continues: It soared past $9,300 Monday, reaching its highest level in 13 months. The cryptocurrency has risen 148% in 2019. Many investors are betting on more growth ahead. As JPMorgan, Fidelity and the New York Stock Exchange get into the cryptocurrency business, investors have grown to trust bitcoin more as an asset…MORE

Amazon condemns Alexandria Ocasio-Cortez for ‘starvation wages’ comment

Rep. Alexandria Ocasio-Cortez criticized Amazon CEO Jeff Bezos for being a billionaire while his company pays its warehouse workers “starvation wages.” Amazon says Ocasio-Cortez is “just wrong.” In an interview with ABC News’ “This Week,” the New York Democrat blasted Amazon, claiming low worker pay contributes to Bezos’ status as the world’s richest person. Amazon…MORE

A video that shows a robot turning on its creators is scary — but also fake

A viral video has the internet worried a robot revolution is near. But the clip, which appears to be the work of engineering group Boston Dynamics, is actually a parody video published by production company Corridor Digital. In the video, a robot begins to fight back after repeated attacks from humans. While Boston Dynamics does…MORE

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