Category Archives: CNN – Business

80,000 furloughed as bus industry grinds to a halt

80,000 furloughed as bus industry grinds to a halt

Clarence Cox took over a 35-year-old motorcoach business from his father and uncle and had hopes of one day giving it to his daughters. But with a $5 million fleet parked for months during a pandemic, and no federal aid, his goal now is just to make it to the end of 2020. His business,…MORE

Jay-Z launches his very own cannabis line called Monogram

Jay-Z launches his very own cannabis line called Monogram

You could say that Jay-Z is on fire. To be blunt, there’s not much that the Grammy Award-winning billionaire rapper and entrepreneur doesn’t have his hand in. From streaming service founder to music executive to memoir writer, the 50-year-old is adding yet another title to his repertoire. He launched a cannabis line called Monogram Friday.…MORE

New York’s famous Strand bookstore says it could become a Covid casualty

New York’s famous Strand bookstore says it could become a Covid casualty

The Strand has survived almost a century as perhaps New York’s most famous bookstore, with its “18 Miles of Books” earning diehard loyalty from countless tourists and locals alike. Founded in 1927, it has survived the Great Depression, two World Wars, Big Box stores, and e-commerce challengers. But now, its owner says the store —…MORE

What’s new in fast food: Spicy donuts and cheeseburger pizzas

From a new cheeseburger pizza to a spicy donut, Americans’ taste buds were taunted with culinary delights — and a few disasters — this month. Major fast food chains including Dunkin’, Wendy’s and Papa John’s added a variety of new menu items nationwide in October to attract attention and customers. Companies add quirky menu items…MORE

More than 63 million people watched the final presidential debate

More than 63 million people watched the final presidential debate

More than 63 million people watched Thursday night’s debate between President Trump and Joe Biden, according to Nielsen TV ratings. For comparison’s sake, 73 million people watched the first Trump-Biden debate. Frequently the first debate is the most-watched of the election cycle, so this year’s results followed a familiar pattern. The high ratings for both…MORE

A year ago, this company had 750 customers. Today it has 6,000

A year ago, this company had 750 customers. Today it has 6,000

Subscription services can bear a resemblance to the story of Goldilocks: Sometimes you end up with way too much of what you ordered, risking spoilage. Other times, you run out faster than planned. The answer, according to one company, is a scale. Seattle upstart Bottomless set out to nail that “just right” aspect by creating…MORE

A government agency just paid a record $114 million to an anonymous whistleblower

A government agency just paid a record $114 million to an anonymous whistleblower

Someone just scored a $114 million payday — without playing the lottery or stepping into a casino. Instead, the check was signed by Uncle Sam. The Securities and Exchange Commission awarded the staggering $114 million to a whistleblower who tipped the government off to misconduct and provided “extraordinary” assistance in an investigation, the agency announced…MORE

Meet the woman who could lead the Treasury in a Biden administration

Meet the woman who could lead the Treasury in a Biden administration

The US election is still more than a week away, but speculation about who might lead the Treasury Department under a Biden administration is already in full swing. Analysts from Washington to Wall Street say a leading contender would be Lael Brainard, a current Federal Reserve governor with years of practical experience for the job.…MORE

Recession risk grows as Covid-19 cases continue to surge

Recession risk grows as Covid-19 cases continue to surge

The world’s top economies took huge steps in recent months to recover from the worst recession in a generation. Now, with coronavirus cases surging again, that progress could be reversed. What’s happening: Business activity has fallen back into decline in Europe, according to the latest reading of the Purchasing Managers’ Index from IHS Markit, which…MORE

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