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…
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…
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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.…
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