Category Archives: CNN – Business

Virgin Galactic stock soars following SpaceX success

Virgin Galactic stock soars following SpaceX success

Elon Musk’s SpaceX isn’t publicly traded. But investors found another way to celebrate this weekend’s successful Dragon launch and docking at the International Space Station. Shares of Richard Branson’s Virgin Galactic surged more than 6% in early trading Monday. The stock is now up nearly 60% since Virgin Galactic went public last October through a…MORE

Greed returns to Wall Street as stock market rebounds

Greed returns to Wall Street as stock market rebounds

American consumers are starting to try to get back to something resembling normal life on Main Street — and that sense of optimism is present on Wall Street too. Despite the threat of Covid-19 and new concerns about racial protests in America and geopolitical tension with China, stocks have soared since briefly entering bear market…MORE

How to invest in a pandemic: Buy boring stocks

How to invest in a pandemic: Buy boring stocks

With all the volatility in the market lately, it may seem rash to make much of one week’s trading. But value stocks — companies in sectors like energy, financial services and retail — have finally started to outperform sexier technology companies and other growth stocks. Could this be a start of a new trend? A…MORE

This brewery is turning into a park to help people socially distance

This brewery is turning into a park to help people socially distance

On a typical weekend before the pandemic hit, about 2,000 people would flock to Jester King Brewery located on a scenic ranch on the outskirts of Austin, Texas. They would pile into an old barn that once served as a chicken coop and sit at the long community tables to drink farmhouse ales, enjoy food…MORE

Pier 1 is officially going out of business

Pier 1 is officially going out of business

Pier 1 is officially closing up shop after receiving approval from a bankruptcy court to cease and liquidate its retail operations. The troubled home goods retailer had its plans authorized Friday to begin liquidation sales across its 500 remaining stores once they can reopen. Its stores have temporarily closed because of Covid-19. Pier 1 aims…MORE

The risks are piling up. How long can investors ignore them?

The risks are piling up. How long can investors ignore them?

US stocks have been on a tear since March even as the coronavirus pandemic cost tens of millions of Americans their jobs, shut down huge swaths of the global economy and depressed trade. Market observers have offered various explanations for the rebound. The huge amount of stimulus coming out of the US Federal Reserve has…MORE

CNN turns 40 today. Here’s what it was like on Day One

CNN turns 40 today. Here’s what it was like on Day One

“Now here’s the news.” That’s how Lois Hart kicked off CNN’s first news broadcast, which took place 40 years ago on Monday. CNN is now a global news operation available to more 2 billion people in more than 200 countries and territories around the world, according to the network. However, the idea of a network…MORE

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