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Wednesday, June 20, 2018

Report: Prosecutors subpoena National Enquirer records in Michael Cohen investigation

Federal prosecutors subpoenaed records from the National Enquirer as part of a probe into President Donald Trump's former personal lawyer, Michael Cohen, according to a new report from The Wall Street Journal.

Published 10:52 PM

WSJ: National Enquirer subpoenaed in Cohen probe

Federal prosecutors in New York have subpoenaed American Media Inc, publisher of the National Enquirer, related to the $150,000 payment to former Playboy model Karen McDougal as part of the probe into President Trump's former personal attorney Michael Cohen.

Published 10:50 PM

Daimler warns US-China trade war will hit its profits

German automaker Daimler, the parent company of Mercedes-Benz, says its profits will fall this year, blaming the emerging trade war between the United States and China.

Published 9:40 PM

This is why there are so few pictures of migrant children

The interiors of the detention centers where children are being kept from their parents are still largely out of public view.

Published 9:39 PM

Tinder parent company buys majority stake in dating app Hinge

Match Group — which owns Tinder, OkCupid and Match — now has a majority stake in Hinge, an app focused on more serious relationships for millennials.

Published 7:29 PM

Tesla sues ex-employee for hacking and theft. But he says he's a whistleblower

Tesla sued an ex-employee accused of hacking its manufacturing operating system and stealing company data. But that ex-employee is fighting back, saying he's being targeted by Tesla for trying to bring problems at the company to light.

Published 5:27 PM

Gun sales plunge for Smith & Wesson

American Outdoor Brands, the gun maker that owns Smith & Wesson, reports dismal earnings, with double-digit declines for sales and profit.

Published 5:21 PM

Iran's oil minister blames Trump for high oil price

Iranian oil minister Bijan Zanganeh says uncertainty in the oil market was created when the US pulled out of the Iran nuclear deal. He says that previously agreed limits on production remain the best way to balance global oil supply, demand and prices.

Published 5:19 PM

'Stranger Things' caused an Eggo boom. Now sales are waffling

Americans aren't binge-watching Netflix's "Stranger Things" right now. That means they're not bingeing on Eggo waffles.

Published 5:05 PM

How 'Stranger Things' helps Eggo sales

Thanks to the popularity of Netflix's "Stranger Things," sales of Eggo waffles have gotten a boost. But one analyst says the gap between seasons has sent some Eggo sales to the upside down.

Published 4:55 PM

Apple partners with Sesame Workshop for children's programming

The multi-series deal does not include the nonprofit organization's most famous brand "Sesame Street."

Published 4:22 PM

PACIFIC • Are Microsoft and Fox complicit in the border crisis?

Disney Bests Comcast • Atul Gawande's Next • Facebook Hits High • China's US Investments Drop

Published 3:36 PM

Instagram's new long-form video hub takes on YouTube

Facebook-owned Instagram announced IGTV, a long-form, mobile-first video platform.

Published 3:36 PM

Bank stress tests, explained

Banks are just like me and you: they can feel stress. But only one of us can topple the world's economy. CNN's Jon Sarlin explains how stress tests measure a bank's ability to react to an economic downturn, and why more banks are now passing them.

Published 3:23 PM

Walmart 'disturbed' its former building is migrant shelter for kids

The company is responding on Twitter to people who are outraged by the Trump administration policy.

Published 2:59 PM

Iran: OPEC should stick to its production limits

Iran says that OPEC and other major oil producers should stick with an agreement that curbs output.

Published 2:25 PM

Airlines ask the government not to fly separated children on their planes

American Airlines said on Wednesday it has "no desire to be associated with separating families, or worse, to profit from it."

Published 1:55 PM

Investment strategist: Trade won't stop stock gains

Lindsey Bell, investment strategist with CFRA Research, tells CNN's Richard Quest why trade may cause volatility, but she still expects the market to climb.

Published 1:42 PM

Why investors should bet on individual stocks

Investors looking for value should forego indexes in favor of individual stocks, one strategist says.

Published 1:39 PM

Why Disney raised its bid for Fox

CNNMoney's Paul R. La Monica tells Richard Quest why media companies are buying assets to plan for the future and guard against Netflix.

Published 1:32 PM

AMC Theatres' $20 monthly subscription plan rivals MoviePass

AMC Theatres is creating its own subscription movie plan to rival that of MoviePass.

Published 12:41 PM

Europe could force Google to pay for news

Europe is one step closer to passing new copyright legislation that has been criticized by major tech companies and internet pioneers.

Published 12:32 PM

Is Manhattan's rental market finally cooling off?

Rent prices in Manhattan are slowing down and landlords are offering concessions as inventory on the island grows.

Published 11:52 AM

India's $12 billion privatization plan at risk after airline flop

The government said that its effort to sell Air India "is over" for the time being. That decision will cost it billions.

Published 11:40 AM

The Microsoft of retail? Ocado's shares are up 153% this year

Shares in Ocado surged after analysts at Peel Hunt said the UK online grocery company had a chance to become the next Microsoft.

Published 11:02 AM

Shale exec: US will surpass Russia in oil production

Pioneer Natural Resources Chairman Scott Sheffield expects US oil production to surpass 11 million barrels a day within the next three to four months.

Published 10:54 AM

Corey Lewandowski returns to Fox News with no apologies

Fox News anchor Sandra Smith gave Corey Lewandowski multiple opportunities Wednesday morning to apologize for his dismissive comments about a 10-year-old with Down Syndrome separated from her parents at the border. But Lewandowski was not backing down.

Published 10:52 AM

Corey Lewandowski: I was mocking Democrat, not girl

Former Trump campaign manager Corey Lewandowski responded to the outrage caused by his "womp womp" comments when he heard a story about a 10-year-old girl with Down syndrome who was reportedly separated from her mother at the border.

Published 10:14 AM

How office design can isolate women

Some desk arrangements put women workers at a disadvantage.

Published 9:57 AM

Hate on Facebook all you want. The stock's at an all-time high

Facebook's stock just hit a record high on Wednesday, rising above $200 a share for the first time.

Published 9:54 AM

Amazon, Berkshire and JPMorgan announce CEO of their health care company

Dr. Atul Gawande will be CEO of the new health care company created by Amazon, Berkshire Hathaway and JPMorgan Chase.

Published 9:38 AM

Disney raises bid for 21st Century Fox assets

Disney raised its initial bid for 21st Century Fox from $52.4 billion to $71.3 billion, topping Comcast's $65 billion offer. CNNMoney's Brian Stelter reports.

Published 9:18 AM

Shale exec: US will be the world's biggest oil producer by the fall

Pioneer Natural Resources Chairman Scott Sheffield expects US oil production to surpass 11 million barrels a day within the next three to four months.

Published 8:54 AM

Disney raises its bid for Fox to $71 billion

Disney has raised its bid for most of 21st Century Fox.

Published 8:22 AM

China's economy shows signs of slowing. A trade war won't help

The emerging trade war between the United States and China comes at an inconvenient time for the Chinese economy.

Published 8:09 AM

Gatorade is going sugarless for the first time in its 53-year-history

Gatorade Zero, a sports hydration drink without sugar or carbs, hit stores around the country this week.

Published 7:50 AM

Europe will hit US products with tariffs starting Friday

European Union tariffs on products from the United States will go into effect on Friday.

Published 7:19 AM

European companies are worried about China's tech ambitions, too

A group representing European businesses has flagged "significant concerns" about Beijing's plan to boost industries like robotics and electric cars.

Published 5:40 AM

GE booted from the Dow; Auto alliance; Oil in focus

Here's what you need to know about the markets before you start your business day.

Published 5:07 AM

Ford and Volkswagen may develop vehicles together

The two automakers said they are "exploring a strategic alliance" to work on joint projects, including commercial vehicles.

Published 3:41 AM

Xiaomi makes its mark among dream employers for Chinese students

The rising profile of one of China's top smartphone makers has helped put it among the most sought-after employers for Chinese students, according to a new survey.

Published 2:10 AM

Rachel Maddow breaks down in tears while discussing border crisis

MSNBC's Rachel Maddow ended the night in tears. So did many of her viewers.

Published 12:16 AM

Chinese investment in the United States has plummeted 92% this year

The dramatic decline comes as the fight between Washington and Beijing over trade continues to escalate.

Published 12:02 AM

Nearly a quarter of Americans have no emergency savings

Just 29% of Americans have enough money to cover the recommended six months' of expenses or more.

Published 12:01 AM