Nike, Adidas and Versace: More big brands are being hit by the coronavirus
Faced with shuttered stores and empty streets, big consumer brands and fashion houses are getting nervous about the impact of the coronavirus on…
Continue ReadingFaced with shuttered stores and empty streets, big consumer brands and fashion houses are getting nervous about the impact of the coronavirus on…
Continue ReadingChina announced on Thursday that it will halve additional tariffs on $75 billion worth of US imports, as the world’s two largest economies…
Continue ReadingThe market recovery is underway in Asia, even as the coronavirus outbreak continues to escalate. Japan’s Nikkei 225 advanced 2.4% on Thursday,…
Continue ReadingLike everyone else, I expected the Senate’s impeachment trial of President Trump to end with a whimper. But then came one loud bang: Mitt…
Continue ReadingYum China, which operates KFC, Taco Bell and Pizza Hut in the country, warned that the deadly coronavirus will hurt its business this year. “As…
Continue ReadingCosmopolitan magazine nixed its planned “The Bachelor” cover, after learning contestant Victoria Fuller previously modeled clothing with…
Continue ReadingThe world’s biggest maker of smartphone chips and modems is warning that the coronavirus could disrupt the global mobile industry. Qualcomm…
Continue ReadingBernard Madoff says he is dying and is asking a judge for compassionate release from prison, where he is serving 150 years for orchestrating the…
Continue ReadingTesla’s Wall Street rally took a sharp U-turn Wednesday. The company’s shares fell as much as 20.6% Wednesday, paring back a meteoric…
Continue ReadingEL PASO, Texas — While most people were sitting down for the big game over the weekend, Homeland Security Investigations – the investigative arm of…
Continue ReadingCasper’s attempt at a public debut is becoming downright embarrassing. The mattress-in-a-box company dramatically slashed its initial public…
Continue ReadingBlackstone CEO Stephen Schwarzman committed to giving the majority of his wealth to philanthropy by signing The Giving Pledge on Wednesday. The…
Continue ReadingExxonMobil used to have bragging rights as the world’s most valuable public company. Now, America’s largest oil company is in steady…
Continue ReadingThe Federal Reserve Board on Tuesday permanently banned a senior Goldman Sachs executive from working in the banking industry for his role in a…
Continue ReadingLinkedIn CEO Jeff Weiner will have to update his profile. He’s stepping down from the role after being at the helm for the professional…
Continue ReadingHundreds of American malls are struggling. Their troubles just got worse. Macy’s, for decades a reliable anchor tenant for mall owners and a…
Continue ReadingIn last night’s State of the Union address, the President took credit for a strong US economy, claiming he had reversed failed economic…
Continue ReadingHouse Speaker Nancy Pelosi’s shredding of President Trump’s State of the Union speech was ripped right from Trump’s playbook. It…
Continue ReadingThe United Auto Workers union strike at GM was a bit costlier than originally thought, but it wasn’t enough to stop the company from posting a…
Continue ReadingA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Something…
Continue ReadingCathay Pacific is asking its 27,000 employees to take three weeks of unpaid leave in the coming months, the latest in a series of emergency measures…
Continue ReadingThe global airline industry is facing huge financial losses as a growing number of carriers cancel flights to China because of the coronavirus…
Continue ReadingDisney has warned that profits from its parks in China could drop by $280 million in the current quarter, due to shutdowns caused by the coronavirus…
Continue ReadingAsian markets are continuing to recover after being shaken by coronavirus fears. China’s Shanghai Composite Index rose 1.3% Wednesday, building…
Continue ReadingEL PASO, Texas — Despite opposition voiced over several hours by some in the community at Tuesday’s meeting, El Paso City Council gave it’s approval…
Continue ReadingDisney+ has brought in nearly 30 million subscribers since its launch in November, the company reported on Tuesday. The company’s new streaming…
Continue ReadingNEW YORK, NY — Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling…
Continue ReadingWhoopi & Maya, the medical cannabis company co-founded by Whoopi Goldberg, is closing up shop, according to a statement posted on its website. In…
Continue ReadingBest Buy’s CEO Corie Barry will keep her job after the board investigated misconduct allegations against her. The investigation has concluded,…
Continue ReadingThree of the largest US airlines — Delta, American and United — have canceled more flights between the United States and China because of…
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