Category Archives: CNN – Business

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

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