Category Archives: CNN – Business

US stock futures down, pointing to another wild week on Wall Street

US stock futures down, pointing to another wild week on Wall Street

US stock futures were lower Sunday night, continuing to give up gains from last week’s historic rally that came to a halt on Friday. Dow futures were down 371 points, or about 1.7%. S&P 500 futures fell around 1.8% and Nasdaq futures were down around 1.5%. Stocks turned positive last week — and the Dow…MORE

Jefferies Group CFO dies of coronavirus complications

Jefferies Group CFO dies of coronavirus complications

The chief financial officer of Jefferies Group LLC, Peregrine “Peg” Broadbent, has died from coronavirus complications, the company said in a statement Sunday. Broadbent, who was 56-years-old, had served as CFO of the financial services company since 2007. The company has appointed Teri Gendron, CFO of Jefferies Financial Group, as the interim CFO and chief…MORE

Disneyland and Walt Disney World to remain closed because of coronavirus

Disneyland and Walt Disney World to remain closed because of coronavirus

Disneyland in California and Walt Disney World resort in Florida will remain closed until further notice as the coronavirus outbreak continues to spread in the United States, the company said. Disney earlier this month announced the closure of Disneyland and Walt Disney World — the only two of Disney’s eleven parks around the world that…MORE

Economists and investors are flying blind through a pandemic

Economists and investors are flying blind through a pandemic

Faced with an unprecedented crisis, economists and investors are racing to understand the depth of the coronavirus recession and its aftershocks. The problem is, the datasets they’d typically rely on are practically useless. Take the monthly US jobs report, which is due out for March this Friday. In normal times, it provides crucial information: How…MORE

Krispy Kreme is giving out a free dozen doughnuts to healthcare workers

Krispy Kreme is giving out a free dozen doughnuts to healthcare workers

Mondays may have just gotten a little sweeter, particularly for healthcare workers battling the ongoing coronavirus epidemic. Starting March 30, Krispy Kreme will be giving out a free dozen of their Original Glazed doughnuts every Monday to healthcare workers, the company announced in a news release. “Just go to a Krispy Kreme drive-thru, tell us…MORE

SeaWorld is temporarily furloughing over 90% of its employees

SeaWorld is temporarily furloughing over 90% of its employees

SeaWorld is temporarily furloughing over 90% of its employees as of April 1 because of the coronavirus pandemic. Its workers won’t be paid after March 31 but will be eligible for unemployment benefits, the company stated in an SEC filing. “Our parks will remain closed and are unable to generate revenue; therefore, we have made…MORE

French Laundry restaurateur Thomas Keller sues insurer for coronavirus losses

French Laundry restaurateur Thomas Keller sues insurer for coronavirus losses

Thomas Keller, the famed chef behind restaurants including The French Laundry and Per Se, is seeking a court judgment to confirm his insurance company should cover coronavirus-related business losses. Keller’s attorney says the suit against insurer Hartford Fire Insurance Company — and other similar challenges filed by restaurant owners — is intended to establish legal…MORE

ESPN’s NBA analyst Doris Burke tested positive for coronavirus

ESPN’s NBA analyst Doris Burke tested positive for coronavirus

Doris Burke, who works as an NBA analyst for ESPN, says she is now symptom-free, after testing positive for coronavirus earlier this month. Burke talked about her experience with ESPN’s Adrian Wojnarowski on Friday’s episode of “The Woj Pod.” She felt her first symptoms on March 11, she said, the same day the NBA suspended…MORE

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