Category Archives: CNN – Business

Global markets are still getting hammered by the coronavirus outbreak

Global markets are still getting hammered by the coronavirus outbreak

Fears about the novel coronavirus outbreak are still roiling global markets Tuesday. Japan’s benchmark Nikkei 225 index plunged 3.6% in early trade. Markets in the country were closed Monday for a holiday. Australia’s S&P/ASX 200 fell 1.6% Tuesday morning. South Korea’s Kospi was flat at market open after closing down nearly 3.9% on Monday, its…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

Dow futures drop 900 points as coronavirus spreads to Italy

Dow futures drop 900 points as coronavirus spreads to Italy

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Global stocks nosedived on Monday as the spread of coronavirus accelerated outside China, with more than 200 cases reported in Italy and over 830 in South Korea. Happening now: Investors are becoming…MORE

Pepsi is buying a major Chinese snack retailer for $705 million

Pepsi is buying a major Chinese snack retailer for $705 million

PepsiCo is buying a Chinese company that sells snacks online as it tries to corner more of the world’s largest food and beverage market. The American soda and snack company said Sunday that the deal to buy Be & Cheery — valued at $705 million — will help Pepsi become “China’s leading consumer-centric food and…MORE

What is MSNBC’s problem with Bernie Sanders?

What is MSNBC’s problem with Bernie Sanders?

A version of this article first appeared in the “Reliable Sources” newsletter. Bernie Sanders’ big win in Nevada over the weekend highlighted the hostility between his campaign and MSNBC, the network with a progressive brand but an establishment bent. The campaign continued to criticize the network over the weekend — in response to highly controversial…MORE

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