Category Archives: CNN – Business

European unemployment is half that of America. Here’s why

European unemployment is half that of America. Here’s why

Unemployment in the European Union ticked up in April as job losses tied to the coronavirus pandemic mounted. But short-time work programs — which are far more common than in the United States — helped cushion the blow. The EU unemployment rate rose to 6.6% in April from 6.4% in March, Eurostat, the statistical office…MORE

The pandemic is saving soup sales as people stock up and eat at home

The pandemic is saving soup sales as people stock up and eat at home

As people stocked up for an unknown future and sheltered in place because of the coronavirus pandemic, they reached for soup — and helped spark a turnaround for Campbell. The company reported a 35% increase in US soup sales in retail for the three months ending on April 26. “Now more than ever, consumers are…MORE

When we go back to eating out, more of us will pay with our phones

When we go back to eating out, more of us will pay with our phones

Major restaurant chains are trying to make it easier for customers to get their food without touching anything but their own phones. It’s a trend that started before the pandemic hit and has only accelerated as consumers and restaurants adjust to a new normal, where contact with others is discouraged. Now, restaurants are betting people…MORE

ACLU files suit on behalf of journalists in Minnesota

The American Civil Liberties Union says it is filing a class-action lawsuit and asking a Minnesota court to stop what it calls “unconstitutional conduct targeting journalists.” “The past week has been marked by an extraordinary escalation of unlawful force deliberately targeting reporters,” the ACLU says in Wednesday’s filing. The organization says it intends to file…MORE

AMC Theatres has ‘substantial doubt’ it can remain in business

AMC Theatres, the world’s biggest movie theater chain, said on Wednesday that it has “substantial doubt” it can remain in business after closing locations across the globe during the coronavirus pandemic. The theater chain, which closed its theaters earlier this year, expects to have lost between $2.1 billion and $2.4 billion in the first quarter.…MORE

Why the disconnect between stocks and the economy is worrying

Why the disconnect between stocks and the economy is worrying

Global stocks have hit their highest level since early March as investors pile back into riskier assets, eager to get in on the euphoria that has overtaken markets in recent weeks. What’s happening: MSCI’s All Country World Index is now up more than 35% from its low point on March 23. The index has notched…MORE

Why Ben & Jerry’s statement on white supremacy is so extraordinary

Why Ben & Jerry’s statement on white supremacy is so extraordinary

Let there be no doubt where Ben & Jerry’s stands. The ice cream maker has called on Americans to “dismantle white supremacy” and “grapple with the sins of our past” as nationwide protests against racial injustice stretch into their eighth day. In a forceful statement posted to the company’s website late on Tuesday, Ben &…MORE

Britain’s biggest car plant may not survive Brexit

Britain’s biggest car plant may not survive Brexit

Britain’s biggest car plant has so far weathered the coronavirus pandemic and a major corporate restructuring. But it may not survive Brexit. Nissan has warned that its massive plant in Sunderland won’t be sustainable if the United Kingdom fails to strike a new deal with the European Union that maintains tariff-free trade in cars. “If…MORE

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