Tesla and Ford both make cars. But investors have a clear favorite
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Something…
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Cathay Pacific asks workers to take 3 weeks off without pay as the coronavirus decimates travel
Cathay Pacific is asking its 27,000 employees to take three weeks of unpaid leave in the coming months, the latest in a series of emergency measures…
Continue Reading SARS cost global airlines $7 billion. The coronavirus outbreak will likely be much worse
The global airline industry is facing huge financial losses as a growing number of carriers cancel flights to China because of the coronavirus…
Continue Reading Disney could take a $280 million hit from its Chinese parks because of the coronavirus and protests
Disney has warned that profits from its parks in China could drop by $280 million in the current quarter, due to shutdowns caused by the coronavirus…
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Asian markets are higher, but the coronavirus still looms over businesses
Asian markets are continuing to recover after being shaken by coronavirus fears. China’s Shanghai Composite Index rose 1.3% Wednesday, building…
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City Council approves agreement allowing for sale of El Paso Electric
EL PASO, Texas — Despite opposition voiced over several hours by some in the community at Tuesday’s meeting, El Paso City Council gave it’s approval…
Continue Reading Disney+ has already scored 28.6 million subscribers since launch
Disney+ has brought in nearly 30 million subscribers since its launch in November, the company reported on Tuesday. The company’s new streaming…
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Macy’s to close 125 stores, future of El Paso store unclear
NEW YORK, NY — Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling…
Continue Reading Whoopi Goldberg’s cannabis company has shut down
Whoopi & Maya, the medical cannabis company co-founded by Whoopi Goldberg, is closing up shop, according to a statement posted on its website. In…
Continue Reading Best Buy decides to keep its CEO following misconduct investigation
Best Buy’s CEO Corie Barry will keep her job after the board investigated misconduct allegations against her. The investigation has concluded,…
Continue Reading American, Delta and United airlines suspend most US- China flights amid coronavirus outbreak
Three of the largest US airlines — Delta, American and United — have canceled more flights between the United States and China because of…
Continue Reading Macy’s will close 125 stores in the next three years
Macy’s said Tuesday that it will close 125 stores over the next three years, nearly one fifth of its total locations, in another blow to…
Continue Reading Snap’s stock plunges 12% as its turnaround hits a speed bump
Once written off as doomed just a few years ago, Snapchat is now consistently adding users and growing its business in a highly competitive market.…
Continue Reading Ford’s 2019 profits wiped out by a tough fourth quarter
Ford disappointed investors with a fourth quarter loss that essentially wiped out its profit for 2019. Its CEO said the company needs to do better.…
Continue Reading The New York Times increases digital subscription price for the first time
The New York Times will raise the price of its digital subscription from $15 every four weeks to $17, its first ever price bump. The 13% increase…
Continue Reading Why the Dow rallied 400 points in middle of a global health crisis
The rebound in US stocks continued on Tuesday with the Dow finishing 400 points higher. US markets have been resilient this week in the face of the…
Continue Reading Cards Against Humanity has bought comedy website ClickHole
Cards Against Humanity is buying ClickHole and handing ownership of the comedy website over to its employees. The card game company paid…
Continue Reading Hollywood is more diverse than ever. So why are the Oscars still so white?
When the Academy of Motion Picture Arts and Sciences failed to nominate even one person of color for an Oscar for the second year in a row in January…
Continue Reading Here’s when Wendy’s starts serving breakfast
The battle for breakfast gains a new entrant on March 2. That’s when Wendy’s enters the ring and debuts its highly anticipated menu for…
Continue Reading Ireland is investigating Google’s use of location data
Ireland has launched an inquiry into Google’s processing of location data, adding to pressure on the search giant from regulators in Europe.…
Continue Reading Reporters are being shut out in London as well as Washington
An attempt to exclude select UK political reporters from an official briefing has led some journalists to accuse the British government of resorting…
Continue Reading Ikea is closing a UK store but it hasn’t given up on city centers
Ikea is closing its only major downtown store in the United Kingdom after years of losses. But it’s not abandoning city centers yet. The…
Continue Reading Nvidia launches its cloud gaming service, GeForce Now
American chipmaker Nvidia is entering the cloud gaming fray by launching its service GeForce Now on Tuesday. Nvidia began testing the service in…
Continue Reading Is anyone really surprised Iowa’s caucus app failed?
A badly designed app is causing chaos in Iowa. That shouldn’t shock anyone. If you think everyone who designs software is a genius, remember…
Continue Reading Sephora is opening 100 new stores in its largest expansion ever
The future of a successful mall retailer is apparently outside of the mall: Just look at Sephora. The makeup chain announced that it’s opening…
Continue Reading Tesla’s stock is out of this world — up 114% this year
Tesla’s stock soared on Tuesday, continuing a remarkable rally in which the stock has soared for days, weeks and months. The company’s…
Continue Reading The UK just gave the car industry 15 years to ditch fossil fuels
Britain will ban sales of new gasoline and diesel cars from 2035 — five years earlier than planned — heaping pressure on an auto industry that is…
Continue Reading PF Chang’s newest restaurant is only for takeout
Ordering Chinese takeout isn’t anything new, but PF Chang’s is putting its own spin on it. The chain opened PF Chang’s To Go in…
Continue Reading Tesla’s stock continues its meteoric rise with $129 jump
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. More bad news…
Continue Reading Macao will close its casinos for two weeks over the coronavirus outbreak
Macao, one of the world’s top gambling hubs, is planning to close its casinos as the deadly coronavirus outbreak continues to surge. The…
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