Category Archives: CNN – Business

TV changed last night: Stephen Colbert got somber and ViacomCBS stations went dark

TV changed last night: Stephen Colbert got somber and ViacomCBS stations went dark

Television felt different Monday night. “The Late Show with Stephen Colbert” — a show usually reserved for jokes about current events and celebrity interviews — took on a somber tone Monday night. Host Stephen Colbert returned to the airwaves to address the mass protests sweeping across the United States following the death of George Floyd,…MORE

DraftKings stock soars on hopes for live sports returning soon

DraftKings stock soars on hopes for live sports returning soon

Investors who took a gamble on DraftKings stock when the company went public in April are sitting on a winning ticket. And the company might be one of the clearest examples of the market’s bet on America — and the world’s return to normalcy following the coronavirus pandemic. Shares of the money-losing gambling and fantasy…MORE

Automakers have another Covid-19 problem: Suppliers

Automakers have another Covid-19 problem: Suppliers

Building cars during the Covid-19 pandemic requires more than keeping workers in auto plants safe. Hundreds of supplier plants must stay safe and healthy, too. Keeping the supply chain operating is crucial, because cars cannot be built unless automakers have 100% of the parts. Last week proved how difficult that can be in the current…MORE

A lost decade looms for America’s economy

A lost decade looms for America’s economy

It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday. The CBO warns in a new analysis that the pandemic will reduce cumulative economic output over the next 10 years by $7.9 trillion, or 3% of GDP during the decade, compared…MORE

Australia will investigate attack on journalists by police in Washington

Australia will investigate attack on journalists by police in Washington

Australian Prime Minister Scott Morrison has called for an investigation after two of the country’s journalists were attacked by police in Washington DC on Monday. During a live morning newscast on the program “Sunrise” on Tuesday in Australia, police were seen using their shields to clear Channel 7 News US correspondent Amelia Brace and photojournalist…MORE

Bank of America pledges $1 billion to fight racial inequality

Bank of America pledges $1 billion to fight racial inequality

Bank of America is donating $1 billion over the next four years to community programs and small businesses to help address economic and racial inequality that has been exacerbated by Covid-19. CEO Brian Moynihan said in press release Tuesday that “underlying economic and social disparities” were made worse by the pandemic and mentioned the nationwide…MORE

A lost decade looms for America’s economy

A lost decade looms for America’s economy

It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday. The CBO warns in a new analysis that the pandemic will reduce cumulative economic output over the next 10 years by $7.9 trillion, or 3% of GDP during the decade, compared…MORE

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