Coronavirus could cost Trump the election, Goldman Sachs warns
A market meltdown. Surging recession fears. And a sudden spotlight on America’s health care system. Goldman Sachs is warning Wall Street that…
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DoorDash prepares to go public as stock market plunges
The food delivery market remains fiercely competitive, a broader reckoning is underway among high-flying tech startups, and stocks have been rattled…
Continue Reading Goldman Sachs: American companies will have zero profit growth this year
This was supposed to be the year that the bottom line of Corporate America rebounded after lackluster profit reports for most of 2019. But the…
Continue Reading JCPenney is closing six more stores
The tough times continue for JCPenney. The department store chain announced plans Thursday to close six additional stores as sales and profit…
Continue Reading Dunkin’s latest release is quite simply a bag of bacon
While other fast food chains are rushing to launch meatless and plant-based options, Dunkin’ went in the opposite direction and released the…
Continue Reading In the face of negative headlines, TurboTax is having a great start to 2020
A nasty round of negative headlines hasn’t scared off TurboTax’s customers. The company is poised to snap up an even larger number of tax…
Continue Reading Oil and energy stocks are getting crushed by coronavirus fears
The spread of the coronavirus around the world is sending shockwaves through an oil market ill-prepared for a serious blow to energy demand. Oil…
Continue Reading Now’s the right time for investors to buy Chinese stocks
Coronavirus jitters have paralyzed investors around the world. Chinese stocks might actually be close to bottoming out even as the disease spreads to…
Continue Reading The FTSE 100 is in correction territory. Others indexes aren’t far behind
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Global stocks…
Continue Reading US companies say the coronavirus outbreak could cut China revenues by 50%
Some US companies are bracing for the revenue they make in China to be cut in half if the novel coronavirus outbreak extends into the summer. Nearly…
Continue Reading Apple is finally opening its first store in India next year
India is finally getting its very first Apple Store. Apple CEO Tim Cook said Wednesday that the company plans to open a brick-and-mortar store in the…
Continue Reading Dow futures sink as US officials warn of coronavirus spread
Dow futures dropped 200 points, or 0.7%, in the early hours of Thursday after US health authorities said they’ve discovered a case of novel…
Continue Reading Struggling cannabis retailer Medmen wants to fix things by keeping it simple
To survive, MedMen Enterprises plans to simplify. The popular, yet troubled, cannabis dispensary chain wants to get out of the business of growing…
Continue Reading Trump campaign files libel lawsuit against The New York Times over 2019 opinion piece on Russia
President Donald Trump’s 2020 campaign on Wednesday escalated its feud with the news media to new heights, filing a libel lawsuit against The…
Continue Reading Microsoft doesn’t expect to meet sales guidance on Windows and Surface computers due to coronavirus
Microsoft said Wednesday it no longer expects to meet the revenue guidance it issued less than a month ago, due to the coronavirus’s impact on…
Continue Reading Despite criticism, more than 15.3 million people tuned into chaotic Democratic debate on CBS
The chaotic final Democratic debate before the South Carolina primary and Super Tuesday averaged 15.3 million viewers, according to Nielsen…
Continue Reading Analysis: Trump’s war on truth takes a dangerous turn as he attacks the media’s coronavirus coverage
Since the dawn of the Trump presidency, countless experts have warned that the president’s lack of credibility would imperil the country in the…
Continue Reading Bob Iger’s not leaving just yet: His new role at Disney is vital to the company
Bob Iger may no longer be the CEO, but his work at Disney is not over. In a surprising announcement on Tuesday, Iger said he would be stepping down…
Continue Reading Trump regulators deal a blow to leading coal companies
Federal regulators filed a lawsuit Wednesday seeking to kill an alliance between America’s two largest coal mining companies. The Federal Trade…
Continue Reading Kazuhisa Hashimoto, inventor of the Konami Code used in multiple video games, is dead
Kazuhisa Hashimoto, creator of the ubiquitous Konami Code used in multiple video games, is dead at age 79. Hashimoto is best known for inventing the…
Continue Reading Another coronavirus vaccine sends a biotech’s stock soaring
The race is on to find a vaccine for the deadly Wuhan coronavirus — and another drug company said Wednesday that it hopes it will be able to…
Continue Reading Clearview AI has billions of our photos. Its entire client list was just stolen
Clearview AI, a startup that compiles billions of photos for facial recognition technology, said it lost its entire client list to hackers. The…
Continue Reading Global markets are slumping for a fifth straight day on coronavirus fears
The shock from the novel coronavirus is roiling global markets for yet another trading session. US shares moved higher by midday Wednesday, with the…
Continue Reading How the coronavirus could spark a severe slowdown or recession in America
The longest economic expansion in American history has survived an unprecedented trade war, a catastrophic tsunami in Japan and a severe crash in oil…
Continue Reading ABC News suspends correspondent for remarks that were secretly recorded by right-wing group
ABC News said on Wednesday that it had suspended a veteran correspondent after the journalist was secretly recorded on video by a right-wing activist…
Continue Reading Wall Street’s UFO sighting: More to space stocks than Virgin Galactic
Richard Branson’s Virgin Galactic has been on a tear this year. The stock is up 200% so far in 2020 and even rallied Monday as the Dow…
Continue Reading Donald Trump’s administration might have just had its ‘Mission Accomplished’ moment with coronavirus
Donald Trump’s administration might have just had its “Mission Accomplished” moment. It began in India before the stock market…
Continue Reading Big Tech’s honeymoon with the world’s second-largest internet market is ending
In the 2010s, India’s internet exploded. More than half a billion Indians came online in the 10 years to September 2019, according to the…
Continue Reading Wendy’s breakfast is starting to roll out
Wendy’s fans eagerly anticipating the Breakfast Baconator can get it sooner than expected. The company confirmed that several markets have…
Continue Reading Coronavirus jitters: Chevron tells employees at London office to work from home
Chevron instructed its workers at its London office to work from home Tuesday after an employee experiencing flu-like symptoms was tested for…
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