Category Archives: CNN – Business

Australia will investigate attack on journalists by police in Washington

Australian Prime Minister Scott Morrison has called for an investigation after two of the country’s journalists were attacked by police in Washington DC on Monday. During a live morning newscast on the program “Sunrise” on Tuesday in Australia, police were seen using their shields to clear Channel 7 News US correspondent Amelia Brace and photojournalist…MORE

Bank of America pledges $1 billion to fight racial inequality

Bank of America pledges $1 billion to fight racial inequality

Bank of America is donating $1 billion over the next four years to community programs and small businesses to help address economic and racial inequality that has been exacerbated by Covid-19. CEO Brian Moynihan said in press release Tuesday that “underlying economic and social disparities” were made worse by the pandemic and mentioned the nationwide…MORE

A lost decade looms for America’s economy

A lost decade looms for America’s economy

It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday. The CBO warns in a new analysis that the pandemic will reduce cumulative economic output over the next 10 years by $7.9 trillion, or 3% of GDP during the decade, compared…MORE

Greed is back on Wall Street, and 4 other business stories you need to read

Greed is back on Wall Street, and 4 other business stories you need to read

Forty years ago on this day, a global, 24-hour news channel was born. Happy birthday, CNN — you don’t look a day over 39. “Now,” as Lois Hart said in CNN’s very first broadcast, “here’s the news:” GORDON GEKKO VIBES 2020 just keeps piling on. This weekend’s riots erupted against a backdrop of a global pandemic…MORE

‘You’re being delusional’: Rush Limbaugh scolded by hosts of ‘The Breakfast Club’ for denying existence of white privilege

‘You’re being delusional’: Rush Limbaugh scolded by hosts of ‘The Breakfast Club’ for denying existence of white privilege

Conservative talk show host Rush Limbaugh denied the existence of white privilege to the hosts of “The Breakfast Club,” a nationally syndicated radio program that features discussions on progressive politics and black culture, during an extraordinary conversation on race relations that aired Monday. During the nearly 30-minute conversation, which also aired on Limbaugh’s nationally syndicated…MORE

Air travel is bouncing back … sort of

Air travel is bouncing back … sort of

Air travel is nowhere near pre-pandemic levels. But it began bouncing back in May. The number of people passing through airport security checkpoints nearly doubled over the course of the month. The Transportation Security Administration says it screened nearly 949,000 passengers over the past weekend. It scanned 476,000 people over the first weekend in May.…MORE

To cap off his amazing week, Elon Musk just made $770 million

To cap off his amazing week, Elon Musk just made $770 million

Elon Musk had a big week. The CEO of Tesla and SpaceX achieved his boyhood dream of launching two American astronauts into space for the first time. He also just got 1.68 million stock options that provided him with a $770 million payday. The SpaceX flight drew national coverage of Saturday’s launch. Musk’s payday got…MORE

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