US default would wipe out nearly 6 million jobs, Moody’s says

A US default would be a "catastrophic blow" to America's economic recovery from Covid-19, setting off a downturn that would rival the Great Recession, Moody's Analytics warned in a new report. If the US defaults on...

Alibaba stock tumbles after report says Beijing wants to break up Alipay

Shares in Alibaba slumped again on Monday after the Financial Times reported that Beijing is planning to break up Alipay, the hugely popular payment app owned by its financial affiliate, Ant Group. But that wasn't the...

The economy is still a long way from normal

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. Back in the spring, as the pace of vaccinations increased rapidly and growth...

Mercedes reveals electric luxury models for on and off-road

Mercedes gave details on a number of new electric cars ahead of next week's Munich transportation show. They include two SUV concepts -— one a rugged off-roader and the other an opulent ultra-luxury model —...

China will create a stock exchange in Beijing

China will set up a new stock exchange in Beijing, giving the nation's capital and political center more influence in the world of business and finance. President Xi Jinping announced the Beijing-based exchange at an international...

Welcome to September, historically the worst month for stocks

If you're an investor who knows your market history, you might be tempted to tune out for a bit and start singing Green Day's "Wake Me Up When September Ends." The ninth month is traditionally...

Target right on the mark as SN Retailer of the Year

From its omnichannel innovation and enhanced grocery offering to its reimagined stores and robust financials, Target Corp. has demonstrated a level of excellence that propelled its selection as the Supermarket News 2021 Retailer of the...

The US economy grew slightly more than we thought last quarter

America's economy expanded at a slightly faster pace than initially thought in the second quarter, the Bureau of Economic Analysis reported Thursday. Between April and June, US gross domestic product grew at an annualized and seasonally...

Global trade is in disarray. It’s still booming

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. The reopening of the world's third busiest container port in China is great...

Nasdaq hits 15,000 for first time ever. Is Dow 36,000 next?

It seems that nothing can stop the stock market. The bulls have assumed control. The Nasdaq surpassed the 15,000 level for the first time ever Tuesday, rising 0.5% thanks to continued strength in tech stocks like...

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