Coronavirus is shutting car plants in Europe just as factories in China reopen
Fiat Chrysler is temporarily closing four plants in Italy as the novel coronavirus takes its toll on the world’s eighth biggest economy. The…
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Italy just locked down the world’s 8th biggest economy. A deep recession looms
Italy has imposed sweeping nationwide restrictions on travel and public life, a desperate attempt to contain the coronavirus outbreak that looks set…
Continue Reading Here’s why you should worry about the turbulent stock market… and why you shouldn’t
It’s been a wild couple of weeks for investors. Deciding whether to remain calm or freak out about the new normal of thousand-point selloffs…
Continue Reading Global stocks drop as boost from UK emergency rate cut quickly fades
Global stocks are experiencing whiplash as investors struggle to figure out just how much economic damage the novel coronavirus outbreak will cause.…
Continue Reading UK fights coronavirus crisis with rate cut and $39 billion boost for economy
The Bank of England has slashed interest rates to a record low and launched other emergency measures as part of a dramatic and coordinated UK…
Continue Reading With SXSW canceled, small businesses are struggling to recover thousands of dollars in lost income
Freelance cinematographer Kyle Osburn was supposed to bring in about $10,000 in income working at this year’s South by Southwest festival. But…
Continue Reading Tax cuts won’t save the economy from recession if no one is leaving their homes
Washington is dusting off its recession-fighting playbook to contain the economic damage from the coronavirus pandemic. But there’s little…
Continue Reading Chick-fil-A will start selling bottles of its signature sauce
Chick-fil-A is entering the grocery business with bottles of its signature and Polynesian sauces. Starting in April, the 16-ounce bottles will be…
Continue Reading Verizon launches Yahoo Mobile, a $40-per-month phone service
Verizon is launching a new mobile phone service using the 25-year-old Yahoo brand. Guru Gowrappan, a former Alibaba executive who took the helm as…
Continue Reading Cathay Pacific warns of ‘substantial loss’ as coronavirus slashes air travel
Cathay Pacific had a brutal second half of last year — and its troubles are getting worse as the coronavirus pandemic slashes demand for flights.…
Continue Reading Media companies encourage employees to work from home as virus spreads
A version of this article first appeared in the “Reliable Sources” newsletter. A few days ago Matt Pearce of the Los Angeles Times…
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Walmart confirms coronavirus case in one of its stores
Walmart announced an emergency leave policy after one of its employees in Cynthiana, Kentucky, tested positive for coronavirus, according to a memo…
Continue Reading New York Auto Show postponed due to coronavirus fears
The New York International Auto Show, one of the most important for the auto industry in the United States, has been postponed, its organizers…
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Newly renovated Plaza Hotel in El Paso set to open in April; more than 100 jobs available
EL PASO, Texas — The historic Plaza Hotel Pioneer Park is preparing to reopen to the public in early April. But before the big opening day,…
Continue Reading Star Trek helps ViacomCBS stand out in the streaming universe
There’s a lot to choose from in the streaming world. Too much, in fact. But what helps CBS All Access stand out is its rights to Star Trek, one…
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Concern over coronavirus, oil prices leads New Mexico’s governor to veto $50 million in local road projects
SANTA FE, New Mexico — New Mexico’s governor has vetoed hundreds of local roadway projects as a plunge in world oil prices threatened…
Continue Reading American and Delta slash US and overseas flights as coronavirus causes a plunge in bookings
The coronavirus took another bite out of the airline industry on Tuesday, as several airlines announced deep cuts to their international and domestic…
Continue Reading The cost of the Boeing 737 Max crisis: $18.7 billion and counting
Problems with the Boeing 737 Max took the lives of 346 people. They have cost the aircraft maker at least $18.7 billion. And on Tuesday’s…
Continue Reading Could coronavirus shut Wall Street? Banks begin moving staff out
US stock markets were halted briefly Monday as a record fall in oil prices and fears of the coronavirus triggered panic selling. But the epidemic…
Continue Reading European stocks falter as bounce on Wall Street fades
Global stocks are struggling to get back on track one day after novel coronavirus fears and an oil price war sparked a worldwide panic. The mood…
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European stocks falter as bounce on Wall Street fades
Global stocks are struggling to get back on track one day after novel coronavirus fears and an oil price war sparked a worldwide panic. The mood…
Continue Reading The coronavirus economic ‘disaster’ scenario: Stagflation
The Federal Reserve has already slashed interest rates by a half-point to counteract a possible coronavirus-induced economic slowdown. The market is…
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Ben & Jerry’s postpones Free Cone Day over coronavirus fears
It’s hardly the most serious coronavirus cancellation, but it’s a heartbreaker nonetheless. Ben & Jerry’s announced that it…
Continue Reading Fifth Third employees opened fake accounts to meet sales goals, US government says
Fifth Third Bank employees allegedly opened fake accounts without customers’ consent, because they hoped to meet aggressive sales goals,…
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McDonald’s is selling a new Big Mac with four patties
McDonald’s family of Big Mac sandwiches is growing with two new additions. Beginning Thursday, McDonald’s is adding a Little Mac and a…
Continue Reading Dick’s Sporting Goods will stop selling guns at 440 more stores
Dick’s Sporting Goods will stop selling guns at 440 additional stores this year, escalating the company’s methodical elimination of…
Continue Reading Italy is under partial lockdown. Some big companies say it’s ‘business as usual’
Some major Italian companies caught up in a sweeping coronavirus quarantine are insisting it’s “business as usual,” despite…
Continue Reading How Square took on a challenge from Amazon — and won
It’s a relatively familiar conundrum these days: A smaller company creates a popular product, and then Amazon launches a nearly identical…
Continue Reading Tucker Carlson delivers coronavirus warning as his Fox colleagues attack media’s coverage
A version of this article first appeared in the “Reliable Sources” newsletter. While some of his colleagues have downplayed coronavirus…
Continue Reading Netflix’s reality competition winners are creating their own brands
Netflix is learning lessons from cable TV, helping its newly minted reality stars become established product-selling brands. In the past six months,…
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