New York CNN Business — Employers and workers together are spending close to $20,000 for family health insurance coverage in 2018, according to a new Kaiser Family Foundation report. Although premiums have increased fairly modestly in recent years, the growth has far outpaced workers’ raises over time. The average family …
Read More »Bumble to expand to India with the help of actress Priyanka Chopra
New York CNN Business — Bumble is the latest online dating app to compete for the hearts of women in India. Bumble, which requires women to make the first move, announced Wednesday plans to launch in India later this year. Indian celebrity Priyanka Chopra, a new investor in the company, …
Read More »The internet industry is suing California over its net neutrality law
The internet industry is suing the state of California over its days-old net neutrality law. The lawsuit, filed on Wednesday by major trade groups representing broadband companies, is the second major lawsuit filed against the state over the law — the first was brought by the Justice Department. On Sunday …
Read More »Barnes & Noble stock soars 20% as it explores a saleBarnes & Noble stock soars 20% as it explores a sale
New York CNN Business — Barnes & Noble stock jumped more than 20% after the board said it would consider a sale of the troubled company. The board said Wednesday it had appointed a special committee to review offers. One came from longtime Barnes & Noble chairman Len Riggio. He …
Read More »Why it’s time for investors to go on defense
It’s time for investors to start making safer bets. That’s what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday. “Defense is more important than offense” right now, said Marks, the author of “Mastering the Market Cycle: Getting the Odds on Your Side.” …
Read More »Bitcoin mining IPOs are coming at a really tricky time
Bitcoin’s big stock market debut is coming at a bad time. Three of the world’s top makers of cryptocurrency technology are planning to sell shares, giving investors a new way to bet on digital currencies. They’re reportedly hoping to raise billions of dollars. Unlike the dollar or the euro, which …
Read More »From Apple to Coke, global brands are having a tougher time in China
Western brands are having to work harder to win over customers in China. Where American or European companies could once expect to find an enormous market hungry for their products, changing tastes and the challenge from new Chinese rivals are forcing them to adopt new strategies to succeed in the …
Read More »Toys ‘R’ Us brand may be brought back to life
New York CNN Buiness — Toys “R” Us may be coming back. The company closed all of its US stores in June as part of a bankruptcy liquidation. But the owners of the company’s remaining assets are looking into restarting the business, as well as the related Babies “R” Us …
Read More »Aston Martin IPO values James Bond’s favorite car brand at $5.6 billion
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its shares …
Read More »All eyes on Congress as vote on Kavanaugh draws near
A version of this article first appeared in the Reliable Sources newsletter. You can sign up for free right here. Time to vote? The lead story for Thursday’s morning shows: The impending vote to advance Brett Kavanaugh’s nomination to the Supreme Court. “This is it. They’re going to go to …
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