Global markets struggle to regain footing following historic plunge
Global markets remained volatile Tuesday after Wall Street’s record declines the previous session, indicating that the worldwide upheaval…
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Global markets struggle to regain footing following historic plunge
Global markets remained volatile Tuesday after Wall Street’s record declines the previous session, indicating that the worldwide upheaval…
Continue Reading Amazon hiring 100,000 new distribution workers to keep up with online shopping surge caused by coronavirus
Amazon says the coronavirus outbreak has caused a surge in online shopping, and now the online giant is adding 100,000 new full-time and part-time…
Continue Reading Carphone Warehouse to close all UK stores, leading to 2,900 job losses
Almost 3,000 people will lose their jobs after smartphone retailer Carphone Warehouse announced that it will close all of its standalone UK stores…
Continue Reading This market crash is even crazier than 1929
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Monday was…
Continue Reading McDonald’s closes seating at corporate-owned restaurants amid coronavirus outbreak
McDonald’s is closing the dining areas at its corporate-owned restaurants amid concern over the coronavirus pandemic. It is also encouraging…
Continue Reading Pandemic proof? Impossible Foods raises $500 million with focus on Asia
Impossible Foods has secured about half a billion dollars in fresh funding, despite the global economic turmoil triggered by the coronavirus…
Continue Reading US airline industry seeks about $50 billion in federal help
US airlines slammed by the coronavirus are requesting an aid package from the federal government that could amount to about $50 billion, according to…
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Whataburger closing dining rooms, will offer drive-thru only due to virus
EL PASO, Texas — Whataburger announced late Monday that the fast food chain will close the dining rooms in all restaurants and offer drive-thru…
Continue Reading Google delays its planned rollout of an informational coronavirus website
Google will delay the rollout of an informational coronavirus website until later this week, according to the company. The informational website had…
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New Mexico restaurant owners ‘trying not to freak out’ as they scramble to comply with limits on guests
MESILLA, New Mexico – During a normally busy lunch hour at Chala’s Wood Fire Grill in Mesilla, the bar sat empty and customers were forced to dine…
Continue Reading Some grocery stores are offering ‘elderly hours’ to help protect older shoppers
As supermarkets frantically work to restock shelves and calm panicked shoppers, some stores are taking steps to protect older and vulnerable…
Continue Reading More than half of American jobs are at risk because of coronavirus
A week ago, Darrin Dixon wasn’t all that concerned about the coronavirus. Now he’s losing sleep over the prospect that the virus could…
Continue Reading ‘Saturday Night Live’ has suspended production because of the coronavirus
“Saturday Night Live” will not be live from New York anytime soon. The NBC variety series, which was scheduled to return from hiatus on…
Continue Reading This weekend’s box office was slammed by the coronavirus. It’s about to get worse
The domestic box office just had its worst weekend in two decades amid the coronavirus crisis. And it’s about to get a lot worse. Ticket sales…
Continue Reading The Dow had its worst point drop ever as stocks tumbled again
US stocks ended sharply lower on Monday, with the Dow posting its worst point drop in history and falling to its lowest level in nearly three years.…
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Dow plummets nearly 3,000 points to close at new low
NEW YORK, NY — The U.S. stock market plunged more than 12% Monday for its worst day in more than three decades as voices from Wall Street to the…
Continue Reading Goldman Sachs warns US stocks could plunge another 16% before rapidly recovering
Mayhem has descended upon global financial markets. The Dow has suddenly crumbled to a three-year lows. Crude oil is in an epic tailspin. And central…
Continue Reading Microsoft reveals details about its next-generation console Xbox Series X
Microsoft revealed the technical specifications of its next generation video game console, the Xbox Series X, in a Monday blog post. Although pricing…
Continue Reading The global coronavirus recession is beginning
As restaurants, shops, airlines and factories shut down around the world, from New York to Paris and Madrid, economists are warning that a global…
Continue Reading Universal’s movies currently in theaters will be made available on demand this week
With the coronavirus disrupting the global theater marketplace, Universal Pictures is making some of its current film releases available on demand…
Continue Reading Most airlines could be bankrupt by May. Governments will have to help
Global aviation is shutting down because of the coronavirus outbreak and travel restrictions designed to contain it, and many airlines will need…
Continue Reading France fines Apple $1.2 billion for antitrust violations
Just as Apple is forced to close retail stores around the world because of the coronavirus pandemic, it has been hit by a $1 billion blow to its…
Continue Reading Google sister-company’s coronavirus website rolls out to confusion
Confusion greeted the launch of a coronavirus testing website built by Verily, a subsidiary of Alphabet and sister company to Google. The site…
Continue Reading America could lose 1 million jobs in March, former Trump adviser warns
The United States could lose up to 1 million jobs in March because of the severe disruptions caused by the coronavirus pandemic, former Trump…
Continue Reading Europe’s car industry employs 14 million people. It’s shutting down
Three of Europe’s biggest carmakers are closing manufacturing plants across the region as the coronavirus pandemic deals a huge blow to an…
Continue Reading Coronavirus devastates China’s economy and the ‘nightmare’ is not over
China’s economy was devastated by the novel coronavirus outbreak in the first two months of the year, according to data published Monday, and…
Continue Reading Federal Reserve cuts rates to zero to support the economy during the coronavirus pandemic
In a bold, emergency action to support the economy during the coronavirus pandemic, the Federal Reserve on Sunday announced it would cut its target…
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Corporate earnings are about to get extremely ugly
Corporate profits rose ever so slightly in the fourth quarter of last year after three consecutive drops in the first part of 2019. Heading into…
Continue Reading Corporate earnings are about to get extremely ugly
Corporate profits rose ever so slightly in the fourth quarter of last year after three consecutive drops in the first part of 2019. Heading into…
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