Business

How Covid-19 could redefine labor in America

In Covid-19's upheaval of the American economy, supply-and-demand patterns were swiftly knocked out of whack.Almost overnight, entire industries were crippled, sidelining workers and putting millions of people on the unemployment rolls.Seeking to ease the pain and balance out volatility in…

What the pandemic means for your Easter food shopping

It may not feel like it, but Easter is just around the corner.Last year, about 80% of Americans planned to celebrate the holiday, according to the National Retail Federation. In 2019, most people said they planned to spend the day…

The doctor will see you now...in your living room

Doctors used to make house calls as a normal part of their practice. That's starting to become more common again.Many Americans are being asked to shelter in place because of the coronavirus outbreak. That's why several health care tech companies…

Car sales are plunging in the US because of coronavirus

US car sales fell sharply in March, the latest blow to the nation's economy from the coronavirus outbreak.Fiat Chrysler announced Wednesday that its first-quarter sales in the United States fell by 10% even though sales were up the first two…

N95 masks are in short supply -- and scammers know it

The urgent and overwhelming demand for N95 masks has created fertile ground for scammers to start leaking counterfeits into the supply chain and to make fake deals for product that doesn't exist.Two leading N95 mask manufacturers have issued fraud warnings…

Coronavirus is testing the power of unionized newsrooms

Since joining at The Arizona Republic in 2008, reporter Rebekah Sanders has seen many rounds of layoffs, buyouts and furloughs at the Gannett-owned newspaper."Every single time I felt helpless," Sanders told CNN Business. "There was nothing that I could do.…

WarnerMedia names Hulu's founding CEO as new chief

With WarnerMedia preparing to launch its new streaming service HBO Max, the company is adding a streaming TV pioneer as CEO: Jason Kilar, the founding CEO of Hulu.CNN is a division of WarnerMedia, along with HBO, Warner Bros, TNT, TBS,…

The next hit to your retirement fund: Disappearing dividends

Pension funds and other investors are smarting from the worst quarter for stocks since 2008. Now many are bracing for more pain as companies slash dividend payouts in the face of a global recession that is wiping out their revenue…

Can't find what you want in the grocery store? Here's why

The coronavirus pandemic has delivered a shock to tens of millions of people in rich countries around the world: Suddenly, they can't buy the food they want, when they want.Food supply chains in developed economies are showing increased signs of…

Last quarter was brutal for stocks. This one is a wild card

The first quarter of 2020 was the worst three months for stocks since the global financial crisis. And it's hard to say whether April through June will be any better.The details: The S&P 500 fell 20% between January and March.…

One block in America. Six businesses on the brink of disaster

As of 2019, there were an estimated 30.7 million small businesses in the US, employing 59.9 million people, or almost half of the private sector workforce. Small businesses drive the American economy, but as the coronavirus pandemic has proven, they…

Carnival seeks $6 billion as Covid-19 pandemic devastates cruise industry

Carnival Corporation is seeking at least $6 billion to weather an unprecedented crisis that has decimated business, after coronavirus outbreaks aboard its cruise ships killed several passengers and sickened hundreds more.The cruise operator announced on Tuesday that it intends to…