Biz/Tech Archives

Former Trump economist: Coronavirus could ‘absolutely’ spark global recession if not contained

February 28, 2020 10:16 AM CNN

The world economy could stumble into a recession if the coronavirus outbreak is not contained quickly, former White House economist Kevin Hassett…

Global stocks plummet again in worst week since 2008 financial crisis

February 28, 2020 9:59 AM CNN

Global stock markets plummeted for a seventh consecutive day on Friday as the coronavirus continued to spread, increasing fears that the epidemic…

Cruise lines are big losers on Wall Street this week — and there are few winners

February 28, 2020 9:49 AM CNN

Investors had nowhere to hide this week. Following Thursday’s stock market drubbing, there were just four S&P 500 companies trading in…

CVS and Walgreens warn there could be a shortage of hand sanitizer

February 28, 2020 8:42 AM CNN

US drug stores, retailers and suppliers are racing to keep up with surging interest for cleaning products as fears over coronavirus intensify. Demand…

Coronavirus mobile apps are surging in popularity in South Korea

February 28, 2020 8:37 AM CNN

South Korea is one of the world’s most tech savvy countries. So when the deadly novel coronavirus outbreak reached the Korean peninsula, app…

The S&P 500 is plunging at unprecedented speed

February 28, 2020 8:14 AM CNN

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. US stocks…

A high school student created a fake 2020 candidate. Twitter verified it

February 28, 2020 7:39 AM CNN

Andrew Walz calls himself a “proven business leader” and a “passionate advocate for students.” Walz, a Republican from Rhode…

Geneva car show canceled as coronavirus spreads in Europe

February 28, 2020 6:34 AM CNN

Next week’s Geneva Motor Show has been canceled because of coronavirus fears, striking a marquee event from the global auto industry’s…

The music industry was left for dead a few years ago. Now it’s booming again

February 28, 2020 5:36 AM CNN

The music industry was in crisis just a few years ago. Sales were cut in half from their peak as single downloads, YouTube and piracy made the CD…

The coronavirus has grounded Chinese tourists. The global travel industry may not recover for years

February 28, 2020 5:24 AM CNN

Countries around the world have been eager to cash in on the rising spending power of Chinese travelers. Shops advertise Mandarin speaking…

Smartphone sales are collapsing in China. They could plunge 40% in Q1

February 28, 2020 3:42 AM CNN

China’s smartphone market, the biggest in the world, is set for a massive plunge due to the novel coronavirus outbreak. Smartphone shipments in…

Big European companies ban business travel as coronavirus outbreak escalates

February 28, 2020 3:38 AM CNN

Big European companies have started to ban or restrict business travel for hundreds of thousands of employees as the coronavirus outbreak…

UK-EU trade talks start Monday. Britain is already threatening to walk away

February 28, 2020 2:55 AM CNN

Britain has threatened to walk away from trade negotiations with the European Union if sufficient progress hasn’t been made by June, raising…

Hong Kong pro-democracy media mogul Jimmy Lai arrested for ‘illegal assembly’ over 2019 protest

February 28, 2020 2:42 AM CNN

A Hong Kong tycoon known for his outspoken support of the city’s pro-democracy movement and criticism of China was arrested Friday, along with…

Coca-Cola could be in tight supply of artificial sweetener for diet and zero-sugar drinks because of coronavirus

February 27, 2020 11:02 PM CNN

Coca-Cola says coronavirus has disrupted its supply chain, and artificial sweeteners from China could be in shorter supply if the outbreak continues…

Tokyo Disney parks closing for two weeks over coronavirus

February 27, 2020 11:02 PM CNN

Disney is closing down its theme parks in Japan as the novel coronavirus outbreak in that country escalates. Tokyo Disneyland and DisneySea will shut…

How Trump and his Fox News allies are infecting the public trust amid coronavirus concerns

February 27, 2020 10:13 PM CNN

In times of emergency — whether it’s a major hurricane, terror attack, or health crisis — the public relies on the press for much-needed…

Chicago Tribune shakeup rankles newsroom staffers

February 27, 2020 8:41 PM CNN

Chicago Tribune staffers on Thursday learned about a massive shakeup in its masthead through a series of morning emails. Editor-in-chief Bruce Dold…

U.S.-Mexico summit leaders say border manufacturing being disrupted due to coronavirus

February 27, 2020 5:31 PM Julio-Cesar Chavez

EL PASO, Texas — The coronavirus, although not physically present along the U.S.-Mexico border, is starting to affect the intricate chain that…

Buy shares of this mask supplier to survive the selloff: analysts

February 27, 2020 4:23 PM CNN

As the deadly coronavirus sweeps the globe and slams businesses across multiple industries, one company could dodge the selloff. Best known as the…

Dow falls 1,191 points — the most in history

February 27, 2020 3:45 PM CNN

US stocks again sold off sharply on Thursday as worries about coronavirus mounted. The S&P 500 posted its worst day since August 18, 2011, and…

Fox News hosts accuse Democrats and journalists of ‘weaponizing’ coronavirus to attack Trump

February 27, 2020 2:45 PM CNN

Some of President Donald Trump’s most ardent supporters in media have downplayed concerns about the novel coronavirus this week and misled…

Bob Iger was more than Steve Jobs’ friend: He was legacy media’s most tech-savvy CEO

February 27, 2020 12:21 PM CNN

Weeks after becoming chief executive of Walt Disney Co. in 2005, Bob Iger sat down with Steve Jobs to tell him about an idea he’d been mulling:…

Facebook cancels its biggest conference amid coronavirus concerns

February 27, 2020 12:18 PM CNN

Facebook announced on Thursday that it is canceling F8, its biggest annual event, due to concerns over the coronavirus. “We’ve made the…

You may have to wait for your next gadget: Electronics makers can’t get parts quickly enough

February 27, 2020 12:12 PM CNN

Electronics manufacturers face weeks of delays in parts shipments because of coronavirus. That could affect the availability of a number of tech…

Pokémon throws a celebration every year. Here’s how that helps its brand

February 27, 2020 12:00 PM CNN

February 27 marks the annual Pokémon Day celebration, a day for Pokémon’s licensed partners to cash in. The Pokémon Company’s strategy…

Drug companies race to test coronavirus vaccines

February 27, 2020 11:26 AM CNN

Gilead Sciences stock was up slightly on Thursday, even as the Dow plunged into correction status. The reason? The biotech company is moving closer…

The prestigious Wharton business school’s new dean will be first woman and person of color in its nearly 140-year history

February 27, 2020 11:13 AM CNN

Erika James has a knack for making history. Five years after she was named the first African-American woman to be named dean of Emory…

Maria Sharapova was one of the most successful tennis players ever – both on and off the court

February 27, 2020 10:52 AM CNN

There are many ways to measure Maria Sharapova’s success: Five grand slam titles, 36 career wins, a former No. 1 ranking in the world. But…

Shark Tank host loses $400,000 in a scam

February 27, 2020 10:43 AM CNN

“Shark Tank” judge Barbara Corcoran lost nearly $400,000 in an elaborate email scam that tricked her staff. Corcoran said someone acting…