Category Archives: CNN – Business

Boeing will seek federal help — but won’t give taxpayers a stake

Boeing will seek federal help — but won’t give taxpayers a stake

Boeing still expects to get some help from the federal government. Just not the same kind of help that the airlines are set to receive. Although the federal government likely will end up owning stakes in the nation’s airlines, taxpayers probably won’t receive shares of Boeing. The aircraft maker asked for help from the federal…MORE

Trump in crisis mode uses Hannity interview to attack the media and Democratic governors

Trump in crisis mode uses Hannity interview to attack the media and Democratic governors

President Trump’s media allies and social media attack dogs are deflecting criticism of the federal government’s response to the coronavirus pandemic by giving viewers and Twitterers other targets of ire. The targets include Democratic governors, presidential candidate Joe Biden and even a key member of Trump’s coronavirus task force, National Institute of Allergy and Infectious…MORE

American craft brewers were already in trouble. Then came coronavirus

American craft brewers were already in trouble. Then came coronavirus

America’s craft brewers were headed for a rocky spell before the coronavirus pandemic. Now, many are worried their livelihoods could be doomed. In 2019, more than 300 small and independent brewers closed — the largest total in a single year. Sales at the high-overhead operations shrank as the market overflowed with competition: A record 8,000-plus…MORE

Net-a-Porter and Next are suspending online shopping to keep workers safe

Net-a-Porter and Next are suspending online shopping to keep workers safe

Hundreds of millions of people around the world have been told to stay home to combat the coronavirus pandemic, driving huge demand for online shopping and food deliveries. Yet many companies including Net-a-Porter and Next are struggling to keep their online operations afloat as the continued spread of the novel coronavirus makes it harder for…MORE

Automakers are racing to make ventilators. But it’s not that easy

Automakers are racing to make ventilators. But it’s not that easy

US automakers have come to the rescue when the nation has faced supply shortages during wartime in the past. Ford built heavy bomber airplanes and GM built amphibious assault craft, among other things. So it seems only natural that, in the rush to address the critical shortage of ventilators in the US due to the…MORE

Americans are panic buying food for their pets

Americans are panic buying food for their pets

Along with toilet paper, hand sanitizer and groceries, shoppers are stockpiling food and toys for their pets during the coronavirus crisis. Dog food sales spiked 54% and cat food sales increased 52% for the week ending last Saturday compared with the same period last year, according to Nielsen’s most recent data. Sales of pet supplies…MORE

The Dow is back in a bull market. Should it be?

The Dow is back in a bull market. Should it be?

Enthusiasm over record amounts of stimulus from governments and central banks has resulted in a three-day rally for US stocks, pushing the Dow Jones Industrial Average into a new bull market. You read that correctly: The Dow has rallied more than 20% from recent lows, technically ending the bear market it entered on March 11.…MORE

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