Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Target shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.Retailread more
Transports are stuck at a red light this month, but Old Dominion Freight Line has managed to steer clear of the trouble.Trading Nationread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
"Under the guidance of the new CEO, Lowe's is getting its act together," says Oppenheimer's Brian Nagel. "If we're right here and this continues, this stock has a long way to...Retailread more
Jackie Chan's empire is getting even bigger with the launch of his new 3-D cartoon series, "All New Jackie Chan Adventures."
The 104-episode series will follow the exploits of a young Jackie Chan in cartoon form, leading his "J-Team," to fight off nightmare monsters to ensure every kid can have sweet dreams at night. Targeting children ages 3 to 10, the show aims to promote better etiquette and discipline — Chan even turns up at the end of each episode to offer encouragement.
"It's meant to help all young children to do things they don't always like to do — don't look at your phone for too long, remember to brush your teeth, respect your elders, pick up the trash," Chan said. "If you tell them that, sometimes children won't listen, but through comedy and action, then they will start to follow."
This is the latest addition to the Jackie Chan empire: On top of his long, storied career as an actor and singer, he also owns firms in the entertainment industry, has a charity and supports many other causes, and even sits on a central government political advisory body. There's a vast variety of branded products out there, including bath towels, wine cases and LED light bulbs. And with the launch of this new cartoon, Chan and his business partners have plans for an endless array of even more, including theme parks, books, toys, apparel, video games and stage plays.
Experts say Chan, 63, is one of China's most successful cultural exports, and that his stardom has played well as the world's second-largest economy pushes itself to rival Hollywood. Chinese firms have spent billions buying up U.S. companies, like Legendary Entertainment, in recent years.
"Between people like him and companies like Wanda and all this overseas investment … it's clear China is trying to exert a lot more intangible soft power force on the world," said Ben Cavender of China Market Research Group. "With (President Donald) Trump coming into power, it's created a massive opportunity for China to sort of rebrand itself."
Building up China's entertainment industry can also support other sectors, from retail to advertising, which is a crucial move as the government works to maneuver an economic growth transition away from manufacturing and exports.
"It used to be very difficult for China's movie industry to go abroad," Chan told CNBC. "Now, China has the capital and the ability to start purchasing foreign companies … this kind of cooperation will lead us to learn more, and allow us to spread Chinese culture overseas to help more people understand China."
Chan says he's happy to use his influence to introduce China to the world, and that falls in line with next steps for his new animation. There are plans to roll out internationally, and eventually make a feature film over the next few years.
But he has become so ubiquitous — showing up on commercials for everything from shampoo to energy drinks — that consumers sometimes feel "he's in it for a paycheck because [it seems] he doesn't care about the product," Cavender said.
In reality, Chan probably doesn't need a few extra bucks: He is one of the world's highest paid actors, raking in $61 million last year, according to a Forbes ranking.
Chan's star seems yet to fade. And if he has his way, that legacy will continue.
"I really like cartoon — I never get old!" Chan said. "One day, when I've passed away, when I am 80, young children can still see the cartoon and still think 'Jackie is a young brother!'"