Why oil prices are crashing and what it means
Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on Iraqi troops following their invasion…
Continue ReadingBiz/Tech
Oil crashes by most since 1991 as Saudi Arabia launches price war
Oil prices suffered an historic collapse Monday after Saudi Arabia shocked the market by launching a price war against onetime ally Russia. US oil…
Continue Reading Twitter botches fact-check of manipulated Biden video retweeted by Trump
Twitter said it would take action against a misleading video of former Vice President Joe Biden that was retweeted by President Donald Trump, a major…
Continue Reading Wells Fargo chairwoman quits after Maxine Waters called for her resignation
Wells Fargo Chair Betsy Duke resigned abruptly Sunday, just days after Representative Maxine Waters called for her ouster. The sudden departure of…
Continue Reading NY Fed pumps at least $50 billion more into the financial system to ease coronavirus stress
The New York Federal Reserve is pumping in tens of billions of dollars of extra cash into the financial system in a bid to ease severe stress…
Continue Reading Jack Dorsey will remain Twitter’s CEO after activist investor challenge
Jack Dorsey just survived a major threat to his leadership at Twitter. On Monday, Twitter and activist hedge fund Elliott Management announced they…
Continue Reading What should you do with your 401(k)? Don’t panic
Stocks plunged Monday and the market has unnerved investors during the past two weeks with its gut-wrenching ups and downs. But if you’re a…
Continue Reading This app will let you keep tabs on friends and family to make sure they’re safe
At a time when people are increasingly paranoid about their personal safety and that of their friends and family, Citizen — the real-time crime…
Continue Reading US stocks are nearing a bear market. Here’s what caused the last 12 bears
The longest bull market in American history turns 11 years old on Monday. But investors are hardly celebrating. The bull market faces its gravest…
Continue Reading
Uber to offer drivers 14 days sick leave if they fall ill with coronavirus
Uber said it will offer drivers and delivery people 14 days of paid sick leave if they fall ill with coronavirus or are placed in quarantine.…
Continue Reading China’s Trip.com CEO slashes salary to zero as the coronavirus slams travel
Trip.com, China’s largest online travel platform, is feeling so much pain from the novel coronavirus outbreak that CEO Jane Sun and chairman…
Continue Reading Oil stocks hammered after Saudi Arabia triggers price crash
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Markets are…
Continue Reading Oil demand will fall for first time since 2009 because of the coronavirus, IEA says
World oil demand is expected to fall this year for the first time since 2009, as the coronavirus pandemic deals a sharp shock to the global economy.…
Continue Reading ‘SNL’ mocks Fox News’ coverage of the coronavirus with the help of Elizabeth Warren
Elizabeth Warren met Elizabeth Warren on this week’s “Saturday Night Live.” The NBC variety show kicked off Saturday night’s…
Continue Reading Disney reopens shops and restaurants in Shanghai but the park stays shut
Disney is reopening some areas of its mega resort in Shanghai more than a month after it was forced to close because of the coronavirus outbreak. The…
Continue Reading Disney’s “Onward” took the top spot at the box office, despite a sluggish opening
Pixar’s “Onward” won the box office this weekend with an estimated $40 million in North America. That’s the good news. The…
Continue Reading Parts of financial markets are pricing in a global recession
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The fall in…
Continue Reading The Nintendo Playstation sold for $360,000 to the original owner of Pets.com
One of last known copies of a video game console that never came to market, the Nintendo Play Station, sold for $360,000 at auction. Video game…
Continue Reading
Uber to offer drivers 14 days sick leave if they fall ill with coronavirus
Uber said it will offer drivers and delivery people 14 days of paid sick leave if they fall ill with coronavirus or are placed in quarantine.…
Continue Reading Dirty money: The case against using cash during the coronavirus outbreak
The ongoing spread of coronavirus is forcing institutions around the world to rethink one particularly germy surface that most consumers touch every…
Continue Reading Wall Street had its wildest week in years
Wall Street had another volatile week as investors struggled with how to react to the global coronavirus outbreak. America’s economy remains…
Continue Reading
South by Southwest arts and music festival canceled over coronavirus fears
AUSTIN, Texas — Officials in Austin announced Friday that the South by Southwest arts and music festival has been canceled over coronavirus fears.…
Continue Reading Adidas launches footwear research into space so it can make better sneakers
Adidas is one of the latest companies to send materials to the International Space Station in the name of science. Or, in this particular case, more…
Continue Reading
Contractors working on 2016 EPISD bond projects may have violated wage laws
EL PASO , Texas — Officials with the El Paso Independent School District are looking into the possibility of contractors and subcontractors working…
Continue Reading
SXSW is canceled over coronavirus concerns
South by Southwest, the annual tech, film and music conference in Austin, has officially been canceled because of the coronavirus. The decision,…
Continue Reading Coronavirus confusion: Stocks finish the week higher
The markets wild see-saw ride this week ended Friday with a lower close and a week-on-week gain for US stocks. Coronavirus confusion is in full…
Continue Reading Federal help for battered US travel industry being weighed
The US travel industry, which has been badly hit by a plunge in sales caused by the coronavirus, could be getting some help from the federal…
Continue Reading Hachette pulls Woody Allen autobiography after criticism from Ronan and Dylan Farrow
Hachette Book Group has canceled Woody Allen’s forthcoming autobiography “A Propos of Nothing” after his estranged children,…
Continue Reading Oil just had its worst day in 11 years as OPEC and Russia fall out over the coronavirus crisis
Oil prices crashed more than 9% to their lowest level in nearly three years on Friday as major producing nations failed to agree on supply cuts aimed…
Continue Reading Tens of thousands of airline jobs are at risk as travel plunges
Airline passenger traffic is plunging around the world because of coronavirus. That means tens of thousands of airline workers will probably soon be…
Continue Reading