A nasty round of negative headlines hasn’t scared off TurboTax’s customers. The company is poised to snap up an even larger number of tax filers who use software to prepare their returns than last year, a recent survey by Guggenheim Securities found. About 39% of respondents who plan to prepare their taxes digitally said they…… MORE
The tough times continue for JCPenney. The department store chain announced plans Thursday to close six additional stores as sales and profit continue to decline. The company did not share specifics about its store closings, saying it would give more detailed outlook of its real estate plans when it meets with analysts on April 7.…… MORE
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Global stocks have entered their sixth straight trading day in the red as investors worry that the coronavirus outbreak is fast becoming a pandemic — with Britain’s FTSE 100 flirting with a…… MORE
Some US companies are bracing for the revenue they make in China to be cut in half if the novel coronavirus outbreak extends into the summer. Nearly half of US companies in China expect revenue from the country to fall this year if businesses can’t return to normal before the end of April, according to…… MORE
Dow futures dropped 200 points, or 0.7%, in the early hours of Thursday after US health authorities said they’ve discovered a case of novel coronavirus in the country without knowing its origin. Other major US indexes also declined in premarket trading. S&P 500 and Nasdaq futures each fell 0.8%. The US Centers for Disease Control…… MORE
To survive, MedMen Enterprises plans to simplify. The popular, yet troubled, cannabis dispensary chain wants to get out of the business of growing and producing cannabis so it can focus on its retail stores. “While vertical integration has been a big focus for the industry, our growing belief is that cannabis is evolving like every…… MORE
While other fast food chains are rushing to launch meatless and plant-based options, Dunkin’ went in the opposite direction and released the ultimate snack for meat lovers. Starting today, Snackin’ Bacon will be available at Dunkin’ restaurants nationwide. What’s that, you wonder? It’s just like it sounds: Eight half-strips of bacon wrapped up in a…… MORE
The spread of the coronavirus around the world is sending shockwaves through an oil market ill-prepared for a serious blow to energy demand. Oil prices plunged deeper into a bear market Wednesday, reflecting fears about the economic repercussions of the rapidly-spreading health crisis. Economists are warning the coronavirus could spark a severe economic slowdown or…… MORE
Since the dawn of the Trump presidency, countless experts have warned that the president’s lack of credibility would imperil the country in the event of an emergency. With the worsening coronavirus outbreak, those fears may be coming true. President Trump’s political allies have made overly optimistic statements only to be contradicted by the government’s top…… MORE
President Donald Trump’s 2020 campaign on Wednesday escalated its feud with the news media to new heights, filing a libel lawsuit against The New York Times in which it alleged the newspaper “knowingly published false and defamatory statements” in a March 2019 opinion piece. In a statement, a spokesperson for The Times said, “The Trump…… MORE
