Category Archives: CNN – Business

‘The Invisible Man’ could be a hit. Coronavirus fears might complicate that

‘The Invisible Man’ could be a hit. Coronavirus fears might complicate that

Much like how animation helped build Disney’s empire, monster movies like 1931’s “Frankenstein” and 1941’s “The Wolf Man” helped identify Universal as a major studio in the early days of Hollywood. Now one of the studio’s classic monsters, the Invisible Man, is back. But will real life fear keep people from seeing the film? “The…MORE

GM adding 1,200 jobs in two Michigan factories

GM adding 1,200 jobs in two Michigan factories

GM is adding two shifts and more than 1,200 jobs at two Michigan assembly plants to increase production. The Lansing Delta Township Assembly plans to add a third shift and about 800 jobs to build the Chevrolet Traverse and Buick Enclave SUVs. The Lansing Grand River Assembly will add a second shift to build the…MORE

Elon Musk’s brother wants to transform farming

Elon Musk’s brother wants to transform farming

Plant-based foods are all the rage right now, and vertical farms are capitalizing on the trend. Vertical farming is an indoor farming method in which crops are grown in stacked layers, often without soil. The practice is becoming more popular and important as urban populations grow dramatically and available farmland decreases. While vertical farming isn’t…MORE

CVS and Walgreens warn there could be a shortage of hand sanitizer

CVS and Walgreens warn there could be a shortage of hand sanitizer

US drug stores, retailers and suppliers are racing to keep up with surging interest for cleaning products as fears over coronavirus intensify. Demand for products like hand sanitizers, face masks and cleaning wipes has spiked, according to CVS, Walgreens and others. CVS warned it may cause supply shortages. “This demand may cause temporary shortages at…MORE

Stocks post worst week since the financial crisis

Stocks post worst week since the financial crisis

It was a terrible week for the US stock market. The three major stock indexes posted their worst weekly percentage drops since the financial crisis, as coronavirus fears mount. Stocks spent nearly all day in negative territory with the exception of a brief jump higher in the Nasdaq Composite. Market expectations that the Federal Reserve…MORE

The Fed will cut rates in March, the market predicts

The Fed will cut rates in March, the market predicts

Central banks around the world are closely monitoring the novel coronavirus outbreak, and investors believe they will step in to keep the world’s economies humming. Stocks have been selling off all week, even briefly fell into correction Thursday, as investors and economists grow increasingly concerned about the virus’ impact on global supply chains and trade.…MORE

$3.4 trillion has been wiped out of the stock market in a week

$3.4 trillion has been wiped out of the stock market in a week

Confidence is a fragile thing in financial markets. It can vanish in an instant. That’s exactly what happened during this coronavirus-fueled mayhem on Wall Street. It took the S&P 500 just six trading days to go from record highs to a correction. That’s the fastest such swing in more than 70 years, according to Howard…MORE

The spread of the coronavirus couldn’t have come at a worse time for Corona beer

The spread of the coronavirus couldn’t have come at a worse time for Corona beer

Corona beer isn’t making any changes to its advertising despite the name’s unfortunate similarity to the deadly coronavirus. Constellation Brands, which brews several variations of the popular lager, said in a statement that its customers “understand there is no link between the virus and our business.” “Sales of Corona remain very strong and we appreciate…MORE

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