Skip to Content

CNN – Business/Consumer

Jamie Dimon

Jamie Dimon warns of ‘treacherous’ geopolitical conditions that are ‘getting worse’

By Nicole Goodkind, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon kicked off third-quarter earnings season Friday with a stern warning about geopolitical threats that could hurt the global economy. “Recent events show that conditions are treacherous and getting worse,” he wrote in a press release. “There is significant human suffering, and the

Continue Reading

Urban Outfitters admits it doesn’t know how to sell to Gen Z. Now it wants to pull off an Abercrombie-like turnaround

By Ramishah Maruf, CNN New York (CNN) — Selling baggy jeans isn’t enough to win over Gen Z. Urban Outfitters, the young adult retailer known for its alternative, vintage-inspired styles, learned this the hard way. During its most recent earnings call, the company candidly admitted it didn’t know how to market to the demographic that

Continue Reading

Florida’s home insurer of last resort is in serious trouble. Will Milton put it over the edge?

By Elisabeth Buchwald, CNN New York (CNN) — An exodus of national insurance companies from Florida, combined with local private insurers canceling plans, has left many homeowners there with only one option: Citizens Property Insurance Corp. The state-backed nonprofit home insurance company was set up to be an insurer of last resort for those who

Continue Reading

FCC chair denounces Trump’s calls for CBS to ‘lose its license’ over Harris’ ‘60 Minutes’ interview

By Liam Reilly, CNN New York (CNN) — Federal Communications Commission chairwoman Jessica Rosenworcel denounced former President Donald Trump’s “threats against free speech” Thursday after he attacked CBS and called for the network to “lose its license” over a recent “60 Minutes” interview with Vice President Kamala Harris. In recent days, the former president has lambasted the Harris interview, accusing CBS News of editing the sit-down with correspondent

Continue Reading

Far-right conspiracy site Gateway Pundit settles 2020 defamation lawsuit brought by Georgia election workers

By Marshall Cohen, CNN Washington (CNN) — Gateway Pundit, the far-right conspiracy site, has settled a defamation lawsuit from two Georgia election workers who were falsely accused of rigging the 2020 results. Details of the settlement were not made public. But the parties said in a court filing this week that they have “reached agreement to settle

Continue Reading

Investors went wild for China during its big holiday. But Chinese shoppers showed little of that optimism

By Juliana Liu, CNN Hong Kong (CNN) — Global investors went wild during China’s just-concluded Golden Week holiday by snapping up “everything” related to the country. But that optimism didn’t extend to shoppers and travelers in the world’s second-largest economy itself. Goldman Sachs economists wrote in a Tuesday research note that tourism revenue per person

Continue Reading
Skip to content