America’s biggest banks halt share buybacks as coronavirus crisis deepens
America’s eight biggest biggest banks are slamming the brakes on their aggressive share buyback programs as they promise to preserve capital to…
Continue ReadingBiz/Tech
The Fed just broke out 4 big weapons to fight the coronavirus crisis
What can the Federal Reserve do to protect Americans from coronavirus? Not a whole lot — but it can cushion the blow from a sudden slump in…
Continue Reading Google’s description of its coronavirus site stops short of what President Trump described
Google on Sunday announced a nationwide website dedicated to providing Americans with information about the novel coronavirus. But that description…
Continue Reading Markets are back in panic mode as the global crisis deepens
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Dramatic…
Continue Reading Workers say gig companies doing ‘bare minimum’ during coronavirus outbreak
One after the other, many gig companies have said in recent days that they will compensate workers diagnosed with coronavirus or placed under…
Continue Reading Some Las Vegas casinos set to close amid coronavirus pandemic
Parts of the Las Vegas Strip are going dark. MGM Resorts International and Wynn Resorts will close their Las Vegas properties as of March 17 in light…
Continue Reading United slashes its schedule 50%; seeks cost savings from unions
United Airlines is slashing its flight schedule by 50% for the next two months and is seeking deep cost savings from its unions. United’s top…
Continue Reading
Start your Monday smart: Coronavirus, 2020 Dems, Bolton, Planned Parenthood, St. Pat
Has your whole life suddenly gone virtual? Turns out our ancestors had a social network, too. It relied on eggshells instead of tweets, and you can…
Continue Reading
How to watch tonight’s Democratic debate
Former Vice President Joe Biden and Vermont Sen. Bernie Sanders will face off Sunday night in the first one-on-one debate of the 2020 presidential…
Continue Reading Luxury perfume makers Dior and Givenchy will produce free hand sanitizer for French health authorities
With the reported cases of novel coronavirus in France nearing 4,500 with 91 deaths, some of the country’s most famous luxury brands are…
Continue Reading Kroger, Publix and other grocery stores are changing hours to clean and cope with shopping frenzies
Some of the largest grocery chains in the United States, including Kroger, H-E-B and Walmart, are changing store hours during the coronavirus…
Continue Reading Nike, Urban Outfitters and other retailers shuttering stores temporarily because of coronavirus
A growing number of retailers have announced they are temporarily closing stores in an effort to prevent the spread of coronavirus. Nike, Urban…
Continue Reading
Ferrari suspends production at two Italian factories because of coronavirus
Ferrari is temporarily closing two manufacturing centers in Italy because of the coronavirus outbreak. The Italian sports car maker said Saturday it…
Continue Reading SpaceX launch delayed after engine power issue is detected moments before liftoff
SpaceX’s latest rocket launch was called off Sunday after computers detected an issue with engine power just moments before liftoff. The Falcon…
Continue Reading Twitter could have caused a coronavirus panic in New York. It’s not doing a lot about it
Tweets falsely claiming that New York City was going into lockdown as a result of the coronavirus swirled around Twitter Thursday evening. A…
Continue Reading Who can shelter the economy and markets from a pandemic? It’s not clear
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Investors are…
Continue Reading Walmart shortens its hours and stores across America close their doors
The coronavirus crisis is hurting America’s retail industry, so many stores are shutting their doors or reducing their hours. Walmart, the…
Continue Reading
Walmart stores ending 24-hour service to clean, restock amid coronavirus
EL PASO, Texas — Walmart is ending 24-hour service at its stores in the Borderland and across the U.S. starting Sunday in order to be able to clean…
Continue Reading CBS News gets first-hand experience with coronavirus, disrupting its New York operations
CBS News is experiencing the coronavirus crisis at home while covering it in real time. The New York offices of the network news division have been…
Continue Reading America loses ‘comfort food’ as daytime talk shows and late-night comics suspend production over coronavirus
Television is a lifeline as Americans hunker down to stop the spread of the coronavirus. But many of the country’s favorite daytime and…
Continue Reading Chinese billionaire Jack Ma says he will donate one million face masks and 500,000 coronavirus testing kits to the US
Chinese billionaire and Alibaba co-founder Jack Ma said he will donate 500,000 coronavirus testing kits and one million face masks to the United…
Continue Reading
Broadway, symphonies and employers come up with creative solutions to coronavirus shutdowns
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. So many people are…
Continue Reading Will movies delayed by coronavirus shift to streaming? Not so fast
Hollywood is in a bind. Studios are stuck postponing major film releases because of coronavirus, and though it might seem like an obvious next step…
Continue Reading Here’s what could really sink the global economy: $19 trillion in risky corporate debt
Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into…
Continue Reading Apple temporarily shuts stores outside Greater China
Apple will close all stores outside of Greater China until March 27 to help stop the spread of coronavirus, Apple CEO Tim Cook said Saturday. The…
Continue Reading Wall Street volatility is here to stay
It was another crazy week on Wall Street as investors grapple with the coronavirus pandemic. There were so many “worst day since…”…
Continue Reading Bill Gates is leaving Microsoft and Berkshire Hathaway’s boards
Bill Gates is stepping down from the boards of Microsoft and Berkshire Hathaway. In a press release Friday, Microsoft announced that its 64-year-old…
Continue Reading Grubhub suspends collecting up to $100 million in fees from struggling restaurants amid coronavirus crisis
Thousands of American restaurants struggling to stay in business amid the nation’s growing novel coronavirus pandemic have one less thing to…
Continue Reading Saudi Arabia has launched the ultimate oil power play. Here’s what it stands to gain
Saudi Arabia has abandoned efforts to support crude prices and is now preparing to flood global markets with huge volumes of cheap oil, a stunning…
Continue Reading Savers are getting destroyed by super low interest rates
Bond yields are at record lows. That’s great news if you want to borrow money right now but it’s terrible for anyone trying to save by…
Continue Reading