In Covid-19’s upheaval of the American economy, supply-and-demand patterns were swiftly knocked out of whack. Almost overnight, entire industries were crippled, sidelining workers and putting millions of people on the unemployment rolls. Seeking to ease the pain and balance out volatility in the labor market, corporations now are forging unlikely alliances and striking cross-industry agreements…… MORE
Category Archives: CNN – Business
Asian markets mixed, while US stock futures rebound after a rough start to Q2
Asian markets were mixed Thursday while US stock futures were up following a rough start to the second quarter for global stocks, as investors continue to grapple with the fallout from the coronavirus outbreak. Japan’s Nikkei 225 fell 0.7% in morning trading after heavy losses on Wednesday. The index plunged 20% in the first quarter,…… MORE
White House Correspondents Association removes far-right outlet from briefing room rotation
The White House Correspondents Association on Wednesday voted to remove One America News, a small right-wing media organization, from the rotation for a seat in the briefing room, an extraordinary rebuke of the network for violating social distancing guidelines put into place to protect the health of its members. “We do not take this action…… MORE
What the pandemic means for your Easter food shopping
It may not feel like it, but Easter is just around the corner. Last year, about 80% of Americans planned to celebrate the holiday, according to the National Retail Federation. In 2019, most people said they planned to spend the day with family and friends and cook a holiday meal. This year, social distancing practices…… MORE
The doctor will see you now…in your living room
Doctors used to make house calls as a normal part of their practice. That’s starting to become more common again. Many Americans are being asked to shelter in place because of the coronavirus outbreak. That’s why several health care tech companies have been touting services that allow patients to see doctors at their homes if…… MORE
Marriott discloses data breach possibly affecting over 5 million customers
Marriott International was the target of another hack, but this wasn’t as massive as the previous one. The hotel chain said Tuesday it recently discovered that someone using the log-in information of two employees accessed an “unexpected amount of guest information” totaling more than 5 million guests. Marriott believes the incident happened between mid-January and…… MORE
Car sales are plunging in the US because of coronavirus
US car sales fell sharply in March, the latest blow to the nation’s economy from the coronavirus outbreak. Fiat Chrysler announced Wednesday that its first-quarter sales in the United States fell by 10% even though sales were up the first two months of the quarter. “Strong momentum in January and February was more than offset…… MORE
This is no April Fool’s. British American Tobacco is trying to make a coronavirus vaccine
The maker of Camel, Lucky Strike and Pall Mall cigarettes is trying its hand at a new product: a coronavirus vaccine. British American Tobacco said Wednesday that its biotech subsidiary, Kentucky BioProcessing, is working on a potential vaccine for the novel coronavirus that can be produced in lab-grown plants closely related to tobacco. The biotech…… MORE
N95 masks are in short supply — and scammers know it
The urgent and overwhelming demand for N95 masks has created fertile ground for scammers to start leaking counterfeits into the supply chain and to make fake deals for product that doesn’t exist. Two leading N95 mask manufacturers have issued fraud warnings amid the coronavirus pandemic, saying they’ve received complaints about fraudsters trying to sell nonexistent…… MORE
Coronavirus is testing the power of unionized newsrooms
Since joining at The Arizona Republic in 2008, reporter Rebekah Sanders has seen many rounds of layoffs, buyouts and furloughs at the Gannett-owned newspaper. “Every single time I felt helpless,” Sanders told CNN Business. “There was nothing that I could do. I could go home and be angry. I could complain to my coworkers, but…… MORE
