Money Archives

Now’s the right time for investors to buy Chinese stocks

February 26, 2020 6:36 am CNN

Coronavirus jitters have paralyzed investors around the world. Chinese stocks might actually be close to bottoming out even as the disease spreads to…

Wendy’s breakfast is starting to roll out

February 26, 2020 5:41 am CNN

Wendy’s fans eagerly anticipating the Breakfast Baconater can get it sooner than expected. The company confirmed that several markets have…

Danone and Diageo warnings show the food and beverage industry can’t escape coronavirus

February 26, 2020 5:40 am CNN

Food and drink giants Danone and Diageo are the latest companies to warn that the coronavirus outbreak will cost them millions of dollars in sales…

Global markets are slumping for a fifth straight day on coronavirus fears

February 26, 2020 5:37 am CNN

The shock from the novel coronavirus is rocking global markets for a fifth consecutive trading session. European markets were lower Wednesday as…

Chipotle is upgrading its queso — again

February 26, 2020 5:11 am CNN

After years of tinkering, Chipotle is confident it’s finally found the right queso recipe. The chain first added the melted cheese dip to the…

Coronavirus jitters: Chevron tells employees at London office to work from home

February 26, 2020 4:47 am CNN

Chevron instructed its workers at its London office to work from home Tuesday after an employee experiencing flu-like symptoms was tested for…

Bob Iger steps down as Disney CEO. Bob Chapek replaces him

February 26, 2020 4:31 am CNN

The man who may be the second most-important person in the history of Disney, behind only Walt himself, is stepping down. Bob Iger has stepped down…

How the coronavirus could spark a severe slowdown or recession in America

February 26, 2020 4:28 am CNN

The longest economic expansion in American history has survived an unprecedented trade war, a catastrophic tsunami in Japan and a severe crash in oil…

Stock markets are still in ‘fear mode’

February 26, 2020 4:05 am CNN

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The global…

Dow tumbles nearly 900 points as coronavirus fears continue

February 26, 2020 3:47 am CNN

US markets plummeted for the second straight day Tuesday, adding to Monday’s sharp losses as news about the spread of coronavirus gripped…

GE’s headcount has plunged by 108,000 in just two years

February 26, 2020 3:25 am CNN

It’s not just General Electric’s share price, dividend and bottom line that have contracted. GE’s once-sprawling workforce is also…

Biotech company Moderna says its coronavirus vaccine is ready for first tests

February 26, 2020 2:43 am CNN

US biotech firm Moderna has shipped an experimental coronavirus vaccine to US government researchers just six weeks after it started working on the…

Hong Kong is giving 7 million people $1,200 in cash to boost its recession-hit economy

February 26, 2020 1:17 am CNN

Hong Kong is handing most of its residents a pile of cash to spend as it tries to save its slumping economy from the aftermath of protests and the…

Who is Bob Chapek, Disney’s new CEO?

February 25, 2020 6:36 pm CNN

Bob Chapek now has the keys to the whole Disney empire -— not just the Magic Kingdom. The company named Chapek, previously the head of its Parks…

Disney became a giant under Bob Iger. The question is if he can be replaced

February 25, 2020 5:12 pm CNN

Bob Iger gradually built the Walt Disney Co. into the juggernaut that it is today -— one acquisition and expansion at a time — fueling the…

McDonald’s is auctioning off a ‘Golden Shamrock Shake’ cup said to be worth $90,000

February 25, 2020 4:34 pm CNN

If you’re not trying to get pinched this St. Patrick’s Day, one of McDonald’s limited-time green Shamrock Shakes might come in…

Madras lumber co. cited, fined for job safety violations after accident

February 25, 2020 4:09 pm KTVZ news sources

Oregon OSHA said Tuesday it has cited Mid-Columbia Lumber Products in Madras for six violations of job safety rules – half of them repeat offenses…

Investors are running for cover. Can stocks bounce back?

February 25, 2020 1:00 pm CNN

It’s a reckoning in global markets. Investors had been too sanguine on the risk for the coronavirus to dent global growth. Faced with new cases…

Coca-Cola could be in tight supply of artificial sweetener for diet and zero-sugar drinks because of coronavirus

February 25, 2020 11:52 am CNN

Coca-Cola says coronavirus has disrupted its supply chain, and artificial sweeteners from China could be in shorter supply if the outbreak continues…

Jamie Dimon had a dream that coronavirus killed Davos attendees

February 25, 2020 11:29 am CNN

JPMorgan Chase CEO Jamie Dimon made a joke Tuesday about the deadly coronavirus outbreak. “I had this nightmare that somehow in Davos, all of…