Category Archives: CNN – Business

Reporters who investigated Harvey Weinstein react to his conviction

Reporters who investigated Harvey Weinstein react to his conviction

The Dow plunged more than 1,000 points on Monday, in its worst selloff in two years, yet the NBC, ABC and CBS evening newscasts all led with the verdict in the Harvey Weinstein trial. That’s a testament to how big this news was. Weinstein was the first domino in what we now know as the…MORE

The coronavirus outbreak is still rattling global markets

The coronavirus outbreak is still rattling global markets

Fears about the novel coronavirus outbreak are still roiling some global markets Tuesday. Japan’s benchmark Nikkei 225 index plunged 3% in early trade. Markets in the country were closed Monday for a holiday. Australia’s S&P/ASX 200 fell 1.5% Tuesday. China’s Shanghai Composite dropped 2.5%. South Korea’s Kospi was up 0.6% after closing down nearly 3.9%…MORE

Major American companies are reeling from coronavirus

Major American companies are reeling from coronavirus

A growing number of major American companies are saying coronavirus is hurting their business. Late Monday, United Airlines announced that it has suspended flights between the United States and four destinations in China, routes that represent approximately 5% of the company’s planned capacity, because of the virus. The airline said near-term demand for flights to…MORE

Nike released a touching tribute to Kobe Bryant on the day of his memorial

Nike released a touching tribute to Kobe Bryant on the day of his memorial

Sometimes you can say a lot without saying much at all. Nike released a touching tribute to Kobe Bryant on Monday, released just as the public memorial service honoring Bryant and his daughter Gianna got underway. The simple yet effective tribute featured no videos or images. Rather, with various audio clips playing in the background,…MORE

Gilead Sciences drug may help treat coronavirus symptoms, according to WHO

Gilead Sciences drug may help treat coronavirus symptoms, according to WHO

Shares of American biotech firm Gilead Sciences rose 3% Monday after an official from the World Health Organization said that Gilead’s drug remdesivir is showing signs that it may be able to help treat the deadly coronavirus. Gilead Sciences was the top performing stock in the S&P 500 and was just one of two stocks…MORE

Coronavirus is fast becoming an ‘economic pandemic’

Coronavirus is fast becoming an ‘economic pandemic’

The emergence of hundreds of coronavirus cases in two major economies outside China has dashed hopes of a speedy recovery from an epidemic that has already wreaked havoc on global supply chains and hit company profits. The number of infections in South Korea, a major producer of cars, electronics and machinery, has shot up to…MORE

Coronavirus market freakout: Stocks flew way too close to the sun

Coronavirus market freakout: Stocks flew way too close to the sun

Apple dropped a bombshell last week. Yet Wall Street, in the throes of a historic meltup, reacted with a collective shrug. America’s most valuable company warned investors on February 17 that its sales would miss the mark because of chaos caused by the coronavirus outbreak in China. Yet investors, betting the coronavirus storm would soon…MORE

The Costco Connection is America’s fourth biggest magazine

The Costco Connection is America’s fourth biggest magazine

Costco relies on a surprising perk to engage its executive members and keep them hooked on their $120-a-year subscription: The Costco Connection monthly magazine. Costco mails out the Connection to executive members every month for free. The magazine features cooking recipes, offers from Costco’s travel and auto services, electronics and book reviews, ads for its…MORE

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