Category Archives: CNN – Business

Dow futures sink 350 points as US officials warn of coronavirus spread

Dow futures sink 350 points as US officials warn of coronavirus spread

Dow futures dropped 350 points late Wednesday 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 after-hours trading. S&P 500 and Nasdaq futures each fell 1.3%. The US Centers for Disease Control and Prevention said earlier that a…MORE

Struggling cannabis retailer Medmen wants to fix things by keeping it simple

Struggling cannabis retailer Medmen wants to fix things by keeping it simple

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

Dunkin’s latest release is quite simply a bag of bacon

Dunkin’s latest release is quite simply a bag of bacon

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

Oil and energy stocks are getting crushed by coronavirus fears

Oil and energy stocks are getting crushed by coronavirus fears

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

Trump regulators deal a blow to leading coal companies

Trump regulators deal a blow to leading coal companies

Federal regulators filed a lawsuit Wednesday seeking to kill an alliance between America’s two largest coal mining companies. The Federal Trade Commission’s decision, supported by two Republicans appointed by President Donald Trump, deals a blow to the turnaround efforts of Peabody Energy and Arch Coal from their 2016 bankruptcy filings. It also poses another setback…MORE

Another coronavirus vaccine sends a biotech’s stock soaring

Another coronavirus vaccine sends a biotech’s stock soaring

The race is on to find a vaccine for the deadly Wuhan coronavirus — and another drug company said Wednesday that it hopes it will be able to develop a successful drug. Small biotech firm Novavax said in a press release Wednesday that it has made “progress in its efforts to develop a novel vaccine…MORE