Good news on US jobs won’t stop the stock market bleeding
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.…
Continue ReadingBiz/Tech
China has hundreds of stressed out banks. Coronavirus could tip some of them over the edge
China’s banking system was on shaky ground before the novel coronavirus outbreak. Now smaller lenders are bracing for a spike in bad loans as…
Continue Reading The coronavirus crash has wiped $9 trillion off stocks already. Global markets are still falling
Global markets slumped again on Friday, tracking heavy losses on Wall Street and staging a repeat of last week’s bloodbath on growing signs…
Continue Reading ‘It’s crazy’: Panic buying forces stores to limit purchases of toilet paper and masks
Rationing supplies. Overwhelmed delivery workers. Toilet paper protected by security guards. This is the new reality for some retailers that are…
Continue Reading Taking a stand on social issues is risky. The world’s largest advertiser did it anyway
As the world’s largest advertiser, Procter & Gamble is skilled at convincing consumers to buy everyday products like Tide laundry…
Continue Reading ‘This is a crisis.’ Airlines face $113 billion hit from the coronavirus
Global airlines stand to lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association.…
Continue Reading OPEC unveils plan to slash production after coronavirus slams oil prices
OPEC is hoping to slash the supply of crude oil to world markets by 1.5 million barrels per day in an attempt to prop up prices as it confronts the…
Continue Reading Major tech companies ask Seattle employees to work from home after coronavirus cases
Amazon, Facebook, Google and Microsoft are all encouraging employees in the Seattle area to work from home due to concerns about the novel…
Continue Reading Costco says it’s getting a lift from coronavirus panic shopping
Costco logged strong sales growth during its latest quarter, as shoppers raced to stock up on cleaning products, household essentials and food as the…
Continue Reading Ex-Uber self-driving head files for bankruptcy after being ordered to pay Google $179 million
Anthony Levandowski, a former Uber exec who oversaw its self-driving efforts, filed for bankruptcy protection Wednesday after being ordered to pay…
Continue Reading HBO is turning “The Last of Us” video game into a TV series
“The Last of Us,” one of the most critically acclaimed video games of all time, is getting the Hollywood treatment, courtesy of HBO. On…
Continue Reading SpaceX signs deal to send tourists and others to International Space Station
TRUTH OR CONSEQUENCES, New Mexico — The astronauts on the International Space Station could have some visitors next year. SpaceX announced it…
Continue Reading
Federal grant to fund NMSU research of Jupiter’s atmosphere
LAS CRUCES, New Mexico — Researchers at New Mexico State University have been awarded a three-year grant worth nearly $284,000 to study Jupiter’s…
Continue Reading JPMorgan CEO Jamie Dimon recovering after emergency heart surgery
JPMorgan Chase chief executive Jamie Dimon is recovering after undergoing emergency heart surgery, the company’s co-COOs Gordon Smith and…
Continue Reading Art Van Furniture closing its stores
Venerable Midwest furniture retailer Art Van Furniture will be closing and liquidating its stores, the company announced Thursday. AVF Holdings,…
Continue Reading Dow tumbles nearly 1,000 points again, because stocks can’t figure out coronavirus
US stocks had another extremely volatile day on Thursday, as investors couldn’t seem to make up their minds about the impact of the global…
Continue Reading Facebook is removing Trump campaign ads
Facebook said Thursday it will remove some ads run by President Donald Trump’s re-election campaign that it says ran afoul of its policies to…
Continue Reading Twitter CEO will ‘reevaluate’ plan to spend months in Africa citing coronavirus concerns
Twitter CEO Jack Dorsey is putting his plans to live in Africa for several months this year on hold over concerns about the coronavirus. Last year,…
Continue Reading Inside the WHO’s fight to stop false information about coronavirus from spreading
As the coronavirus spreads further into Europe and the Americas, another infection is spreading: an epidemic of misinformation online. Dubbed the…
Continue Reading Luxury retailers suffer as Chinese tourists are subject to travel bans
Sales clerks at the Chanel store on Fifth Avenue in New York City were expecting a big crowd of Chinese customers before Valentine’s Day, but…
Continue Reading America’s jobs market is strong, but coronavirus could change that
America’s jobs market has been remarkably resilient for a decade. It better stay that way if the US economy is going to remain strong through a…
Continue Reading Stuck working at home? Here’s how to video conference for free
The coronavirus outbreak has sent many stocks seesawing — but that’s good news for web conferencing company Zoom Video Communications.…
Continue Reading Lufthansa cancels more than 7,000 flights over coronavirus concerns
Lufthansa is grounding planes and canceling flights as the coronavirus outbreak spreads in Europe. The German airline said Thursday it has canceled…
Continue Reading Toyota has expanded its recall of vehicles by more than a million
Toyota has expanded its recall of vehicles by more than a million because of issues with the fuel pumps. In January, that number was 700,000. Now the…
Continue Reading
Dunkin’ will give out free donuts every Friday this month
What’s a better counterattack against the savory breakfast items sold by Wendy’s and McDonald’s? Dunkin’ thinks it’s…
Continue Reading Bernie Madoff should die in prison, US government says
Bernard Madoff should not be released early from his 150-year prison sentence, even though he has terminal kidney failure, federal prosecutors said…
Continue Reading White Claw adds three new fan-demanded flavors
White Claw’s last new flavor launched 16 months ago — an eternity in the rapidly evolving world of spiked seltzer, in which new brands…
Continue Reading UK airline Flybe collapses as coronavirus crisis deals the final blow
UK airline Flybe collapsed Thursday as a slump in demand for flights because of the novel coronavirus outbreak dealt the final blow to the struggling…
Continue Reading Canopy Growth is closing down greenhouses and laying off hundreds
The world’s largest cannabis company by market cap is getting smaller in size by shuttering 3 million square feet of greenhouses. Canopy Growth…
Continue Reading A black female-owned company was flooded with hate speech and 1-star reviews after it was featured in a Target commercial
A black female-owned feminine hygiene company was bombarded with negative reviews and online abuse after it was featured in a Target commercial, but…
Continue Reading