Category Archives: CNN – Business

The United States is already in a recession, 45 economists say

The United States is already in a recession and will remain that way for the first half of the year, according to a survey of 45 economists. The economists predict a sharp, short recession for the first half of 2020 as the coronavirus pandemic “severely restricts economic activity,” the survey from the National Association for…MORE

A global deal to slash oil production is at risk after Mexico objects

A global deal to slash oil production is at risk after Mexico objects

Russia and Saudi Arabia have called off their brutal price war and are now pushing dozens of major crude producers toward a deal that would slash production and help stabilize a market that’s been rocked by the coronavirus pandemic. A marathon video conference between OPEC members and other major energy powers on Thursday ended with…MORE

New listings for homes are down 27% from a year ago, Zillow data finds

New listings for homes are down 27% from a year ago, Zillow data finds

Spring is usually prime home shopping season. But this year, sellers are reluctant to put their homes on the market. New listings for homes have fallen significantly, according to new data released by Zillow Thursday. The number of newly listed homes during the first week of April was down 27% compared to the same time…MORE

McClatchy furloughs about 115 employees to deal with the impact of coronavirus

McClatchy furloughs about 115 employees to deal with the impact of coronavirus

McClatchy, owner of 30 US newspapers, announced on Thursday it will furlough 4.4% of its employees, lay off four executives and reduce some executive compensation to address the financial pressures from coronavirus. The company, whose newspapers include the Pulitzer Prize-winning Miami Herald, The Kansas City Star and The Sacramento Bee, employs about 2,700 people, so…MORE

Teladoc soars on bet that virtual health is here to stay

Teladoc soars on bet that virtual health is here to stay

Hospitals are swamped with coronavirus cases. And Americans are being encouraged to stay home unless absolutely necessary. So if you need to see a doctor any time soon and it’s unrelated to Covid-19, chances are that your visit will be a virtual one. That’s led to a boom in demand for Teladoc, a leader in…MORE

‘Saturday Night Live’ is producing new original content remotely this weekend

‘Saturday Night Live’ is producing new original content remotely this weekend

Live from various homes, it’s Saturday night! After going dark because of the coronavirus pandemic, “Saturday Night Live” will be back this weekend with new original content that will be produced remotely, NBC said on Thursday. “SNL” will air in its normal time slot on Saturday at 11:30 PT ET. Original content will include “Weekend…MORE

White House reverses position after blocking health officials from appearing on CNN

White House reverses position after blocking health officials from appearing on CNN

Vice President Mike Pence’s office reversed course on Thursday afternoon, after declining for days to allow the nation’s top health officials to appear on CNN and discuss the coronavirus pandemic, in what was an attempt to pressure the network into carrying the White House’s lengthy daily briefings in full. After this story was published, Pence’s…MORE

The Fed just unleashed another $2.3 trillion to support the economy

The Fed just unleashed another $2.3 trillion to support the economy

The Federal Reserve is continuing its extraordinary efforts to prop up the US economy in the wake of the coronavirus pandemic. The central bank announced a new $2.3 trillion round of loans that include even more support for small businesses and consumers — and, for the first time, for states, cities and municipalities, too. The…MORE

Nearly a third of Americans didn’t pay rent this month, new data shows

Nearly a third of Americans didn’t pay rent this month, new data shows

With nearly 10 million Americans filing for unemployment in March, April 1 was always going to be a difficult day for US renters. Now we know just how difficult: Nearly a third of American renters didn’t pay their rent this month. That’s according to data from the National Multifamily Housing Council, a trade association for…MORE

Another 6.6 million Americans filed for unemployment benefits last week

Another 6.6 million Americans filed for unemployment benefits last week

Another 6.6 million people filed for unemployment benefits last week, according to the US Department of Labor, as American workers continue to suffer from devastating job losses, furloughs and reduced hours during the coronavirus pandemic. It was the second largest number of initial unemployment claims in history, since the Department of Labor started tracking the…MORE

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