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Consumers are spending and it's not just at Walmart and Amazon

Black Friday is less than two weeks away, and American consumers, buoyed by a strong economy and rising wages, are ready to spend.That's good news for...

Fixing GE 'is the challenge of a lifetime,' CEO says

CNNMONEY |

General Electric took years to break. New CEO Larry Culp knows that he won't fix it overnight."We didn't get to where we are in six weeks so it's...

Sears should close for good, creditors say

It's time to pull the plug on Sears, according to its creditors.

Market ends week with a thud. Dow down 200 points and tech stocks tank

CNNMONEY |

Remember the stock market surge Wednesday after the midterm elections? Investors took a sizable bite out of those gains Friday.The Dow was down more...

SoftBank's gears up for $21B IPO and other news to know before the Opening Bell

CNN Business |

SoftBank is gearing up for one of the world's biggest IPOs ever. The Japanese company said Monday it plans to sell 2.4 trillion yen ($21 billion) worth of stock in its mobile telecoms unit.

Saudi Arabia is reducing oil supply and OPEC may cut too

CNN Business |

Saudi Arabia will reduce oil supply next month in response to lower demand, and more cuts could follow next year.

'The Grinch' scores a big weekend box office

CNN Business |

"The Grinch," Universal and Illumination Entertainment's new take on the Dr. Seuss holiday classic, snagged an estimated $66 million opening in North America this weekend.

Alibaba Singles Day sales hit over $1 billion in 85 seconds

CNN Business |

Alibaba smashed its single day sales record Sunday during the online retail blitz known as Singles Day.

Amazon HQ2 rumors rattle New York and DC real estate markets

CNNMONEY |

It hasn't been announced yet. It wouldn't happen for months, if not years after it was announced. But Amazon's possible arrival in Northern Virginia and Queens, New York, has already sent...

GE stock could plunge to $6, JPMorgan warns

CNNMONEY |

Here's a scary thought: General Electric's cratering stock may not reflect the true depths of disaster at the storied company.

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