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,…
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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,…
Continue Reading Banks in Europe will delay mortgage payments for coronavirus victims
Banks in Italy and the United Kingdom are preparing to postpone mortgage payments for people affected by coronavirus as the number of cases in Europe…
Continue Reading Why Russia and Vladimir Putin are waging an oil war with America
Vladimir Putin knows America’s fragile oil industry is built on a mountain of debt. So when Saudi Arabia called for production cuts to mitigate…
Continue Reading Apple says it’s fine to wipe your iPhone with a Clorox wipe
Apple says you should feel free to use disinfectant wipes to clean your iPhone. Smartphones are notorious germ magnets, and Apple issued new…
Continue Reading Qantas cuts almost a quarter of all flights and says its CEO will stop taking a salary
Qantas has announced sweeping cost-cutting measures in light of the worsening novel coronavirus crisis, including slashing almost a quarter of all…
Continue Reading Why this market shock is not like 2008
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Fears that…
Continue Reading Apple was battered by the coronavirus in China. 5G iPhones could help it bounce back fast
Apple’s iPhone sales in China were decimated last month as the novel coronavirus outbreak slashed demand for smartphones. But analysts predict…
Continue Reading A ‘short, sharp’ global recession is starting to look inevitable
The coronavirus outbreak has triggered extreme fear in financial markets as investors face up to an unsettling reality: The pandemic, unprecedented…
Continue Reading Low oil prices could damage the US economy
The boom in US production has made America the largest oil producer in the world and radically changed the economics from when it was a net consumer.…
Continue Reading Elon Musk: SpaceX has ‘zero’ thoughts about an IPO for Starlink
Elon Musk on Monday firmly denied that SpaceX is considering a spinoff and IPO for its Starlink satellite internet business. His remarks come after…
Continue Reading Starbucks is testing a new cup. Here’s what’s different
Starbucks is testing out a new cup. It’s hoping you won’t notice. On Monday, the coffee chain started trialing a new recyclable and…
Continue Reading US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads
Global markets are plunging after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in crude prices in nearly 30…
Continue Reading 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 Reading 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…
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