NEWS JUST IN

China is ratcheting up its battle to rescue a slumping economy

China’s central bank is further loosening its purse strings as the country grapples with a slumping economy and a prolonged trade war with the United States. On Wednesday, the People’s Bank of China cut its new benchmark lending rates by five basis points. The one-year loan prime rate (LPR) dropped to 4.15% from 4.20% in…Read more

BIG STORIES

Jose Mourinho: Tottenham Hotspur announce new head coach

Jose Mourinho has been hired as the next head coach of Tottenham Hotspur, the English soccer club has announced. The Portuguese coach will replace Mauricio Pochettino, who was fired Tuesday just six months after leading the London-based team to the Champions League final. “In Jose we have one of the most successful managers in football.…Read more

TRENDING

Alibaba on track to raise $12.9 billion in Hong Kong listing

Alibaba’s highly anticipated Hong Kong debut has a price tag. China’s largest e-commerce company is expected to price its shares at 176 Hong Kong dollars ($22.50) each, a person familiar with the matter told CNN Business. That’s a roughly 3% discount to Alibaba stock’s closing price in New York, where it has traded since 2014.…Read more

MORE TOP STORIES

Boeing may need to redesign 7,000 jets after a fatal accident last year

Boeing may need to redesign 7,000 jets after a fatal accident last year

Originally Published: 19 NOV 19 15:00 ET By Chris Isidore, CNN Business (CNN) — Investigators of a fatal accident on a Southwest Airlines plane last year recommend that Boeing retrofit the engines of nearly 7,000 jets to prevent a repeat of the accident. A single passenger was killed on the plane when a fan blade…Read more

So, your Disney+ account was hacked. Here’s what to do

So, your Disney+ account was hacked. Here’s what to do

By Jordan Valinsky, CNN Business Some Disney+ customers are having trouble logging into their accounts, complaining on social media that their accounts have been compromised. Hackers have gained access to thousands of Disney+ user accounts, selling them for between $3 and $11, according to multiple investigations. Some people were complaining that hackers locked them out of their accounts after…Read more

Southern California is about to get its first significant rain since May

Southern California is about to get its first significant rain since May

By Jennifer Gray, CNN Meteorologist Southern California is about to get drenched for the first time in six months. Storms are projected to bring heavy rainfall to southern parts of the state starting Tuesday night. It will mark the first substantial rain in Southern California since May, according to CNN Meteorologist Dave Hennen. Areas east and south…Read more

Wildfire caused $500,000 in damage at Reagan Presidential Library

Wildfire caused $500,000 in damage at Reagan Presidential Library

By Ray Sanchez and Stella Chan, CNN A California brush fire that burned in the hill near Simi Valley last month caused $500,000 in damage to the Ronald Reagan Presidential Library, a spokeswoman said Tuesday. The October 30 blaze, named the Easy Fire, spread up and down hills around the library, consuming trees and surrounding landscape and…Read more

Lyft is pulling its scooters from cities across the US

Lyft is pulling its scooters from cities across the US

Originally Published: 16 NOV 19 05:37 ET Updated: 18 NOV 19 16:12 ET By Fernando Alfonso III, CNN (CNN) — Electric scooter enthusiasts in Nashville, San Antonio and Columbus, Ohio, will have one less brand to ride starting next week. Lyft is ending its scooter service in six cities, the company said in a statement…Read more

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