Category Archives: CNN – Business

Global stocks and oil fall as investors brace for another wild week in markets

Global stocks and oil fall as investors brace for another wild week in markets

Global markets sank again on Monday as the coronavirus pandemic continued to worsen and after President Donald Trump announced that social distancing measures would be extended at least through April 30. Oil was also slammed by the prospect of further disruption to the US economy and with Saudi Arabia apparently determined to pursue a price…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

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

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

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

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