France fines Apple $1.2 billion for antitrust violations
Just as Apple is forced to close retail stores around the world because of the coronavirus pandemic, it has been hit by a $1 billion blow to its…
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Google sister-company’s coronavirus website rolls out to confusion
Confusion greeted the launch of a coronavirus testing website built by Verily, a subsidiary of Alphabet and sister company to Google. The site…
Continue Reading America could lose 1 million jobs in March, former Trump adviser warns
The United States could lose up to 1 million jobs in March because of the severe disruptions caused by the coronavirus pandemic, former Trump…
Continue Reading Europe’s car industry employs 14 million people. It’s shutting down
Three of Europe’s biggest carmakers are closing manufacturing plants across the region as the coronavirus pandemic deals a huge blow to an…
Continue Reading Coronavirus devastates China’s economy and the ‘nightmare’ is not over
China’s economy was devastated by the novel coronavirus outbreak in the first two months of the year, according to data published Monday, and…
Continue Reading Federal Reserve cuts rates to zero to support the economy during the coronavirus pandemic
In a bold, emergency action to support the economy during the coronavirus pandemic, the Federal Reserve on Sunday announced it would cut its target…
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Corporate earnings are about to get extremely ugly
Corporate profits rose ever so slightly in the fourth quarter of last year after three consecutive drops in the first part of 2019. Heading into…
Continue Reading Corporate earnings are about to get extremely ugly
Corporate profits rose ever so slightly in the fourth quarter of last year after three consecutive drops in the first part of 2019. Heading into…
Continue Reading America’s biggest banks halt share buybacks as coronavirus crisis deepens
America’s eight biggest biggest banks are slamming the brakes on their aggressive share buyback programs as they promise to preserve capital to…
Continue Reading The Fed just broke out 4 big weapons to fight the coronavirus crisis
What can the Federal Reserve do to protect Americans from coronavirus? Not a whole lot — but it can cushion the blow from a sudden slump in…
Continue Reading Google’s description of its coronavirus site stops short of what President Trump described
Google on Sunday announced a nationwide website dedicated to providing Americans with information about the novel coronavirus. But that description…
Continue Reading Markets are back in panic mode as the global crisis deepens
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Dramatic…
Continue Reading Workers say gig companies doing ‘bare minimum’ during coronavirus outbreak
One after the other, many gig companies have said in recent days that they will compensate workers diagnosed with coronavirus or placed under…
Continue Reading Some Las Vegas casinos set to close amid coronavirus pandemic
Parts of the Las Vegas Strip are going dark. MGM Resorts International and Wynn Resorts will close their Las Vegas properties as of March 17 in light…
Continue Reading United slashes its schedule 50%; seeks cost savings from unions
United Airlines is slashing its flight schedule by 50% for the next two months and is seeking deep cost savings from its unions. United’s top…
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Start your Monday smart: Coronavirus, 2020 Dems, Bolton, Planned Parenthood, St. Pat
Has your whole life suddenly gone virtual? Turns out our ancestors had a social network, too. It relied on eggshells instead of tweets, and you can…
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How to watch tonight’s Democratic debate
Former Vice President Joe Biden and Vermont Sen. Bernie Sanders will face off Sunday night in the first one-on-one debate of the 2020 presidential…
Continue Reading Luxury perfume makers Dior and Givenchy will produce free hand sanitizer for French health authorities
With the reported cases of novel coronavirus in France nearing 4,500 with 91 deaths, some of the country’s most famous luxury brands are…
Continue Reading Kroger, Publix and other grocery stores are changing hours to clean and cope with shopping frenzies
Some of the largest grocery chains in the United States, including Kroger, H-E-B and Walmart, are changing store hours during the coronavirus…
Continue Reading Nike, Urban Outfitters and other retailers shuttering stores temporarily because of coronavirus
A growing number of retailers have announced they are temporarily closing stores in an effort to prevent the spread of coronavirus. Nike, Urban…
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Ferrari suspends production at two Italian factories because of coronavirus
Ferrari is temporarily closing two manufacturing centers in Italy because of the coronavirus outbreak. The Italian sports car maker said Saturday it…
Continue Reading SpaceX launch delayed after engine power issue is detected moments before liftoff
SpaceX’s latest rocket launch was called off Sunday after computers detected an issue with engine power just moments before liftoff. The Falcon…
Continue Reading Twitter could have caused a coronavirus panic in New York. It’s not doing a lot about it
Tweets falsely claiming that New York City was going into lockdown as a result of the coronavirus swirled around Twitter Thursday evening. A…
Continue Reading Who can shelter the economy and markets from a pandemic? It’s not clear
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Investors are…
Continue Reading Walmart shortens its hours and stores across America close their doors
The coronavirus crisis is hurting America’s retail industry, so many stores are shutting their doors or reducing their hours. Walmart, the…
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Walmart stores ending 24-hour service to clean, restock amid coronavirus
EL PASO, Texas — Walmart is ending 24-hour service at its stores in the Borderland and across the U.S. starting Sunday in order to be able to clean…
Continue Reading CBS News gets first-hand experience with coronavirus, disrupting its New York operations
CBS News is experiencing the coronavirus crisis at home while covering it in real time. The New York offices of the network news division have been…
Continue Reading America loses ‘comfort food’ as daytime talk shows and late-night comics suspend production over coronavirus
Television is a lifeline as Americans hunker down to stop the spread of the coronavirus. But many of the country’s favorite daytime and…
Continue Reading Chinese billionaire Jack Ma says he will donate one million face masks and 500,000 coronavirus testing kits to the US
Chinese billionaire and Alibaba co-founder Jack Ma said he will donate 500,000 coronavirus testing kits and one million face masks to the United…
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Broadway, symphonies and employers come up with creative solutions to coronavirus shutdowns
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. So many people are…
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