Category Archives: CNN – Business

Four famous stores that may not survive because of coronavirus

Four famous stores that may not survive because of coronavirus

They were once the giants of American retail, strong enough to survive wars, the Great Depression, the Great Recession and the rise of online shopping. But Sears, JCPenney and others may not be able to survive the coronavirus crisis. “The retailers who were wandering around aimlessly pre-pandemic are going to be substantially less likely to…MORE

Jeff Bezos tops Forbes list of billionaires, again

Jeff Bezos tops Forbes list of billionaires, again

Not even a nearly $40 billion divorce can topple Amazon founder and CEO Jeff Bezos from being the world’s richest person. For the third year in a row, Bezos landed the top spot on Forbes’ rank of global billionaires. His net worth fell $18 billion last year to $113 billion, according to Forbes, partially due…MORE

Grocery stores turn to robots during the coronavirus

Grocery stores turn to robots during the coronavirus

Local grocers and big chains alike are deploying robots to clean floors, stock shelves and deliver groceries to shoppers during the coronavirus. Grocers are searching for ways to reduce pressure on store workers and increase efficiency amid a surge of shoppers visiting stores and ordering online during the crisis. They believe robots and AI offer…MORE

Easter is here, and so are disposable, pre-filled Communion cups

Easter is here, and so are disposable, pre-filled Communion cups

Social distancing is putting strains on religious communities, which thrive on human interaction, social gatherings and shared meals. That’s why some houses of worship are seeking out innovative solutions to adapt religious observance to life in the pandemic. In the United States, the Chicago-based business Blessed Communion, which makes pre-filled disposable communion cups, has seen…MORE

Markets are surging. Here’s why experts are still wary

Global stocks are pushing higher again as investors exhibit growing optimism. What’s happening: S&P 500 futures are up 3.5% after the index surged 7% on Monday. The FTSE 100 has jumped 2.8% in London even though UK Prime Minister Boris Johnson, who is battling a coronavirus infection, has been moved into intensive care. The MSCI…MORE

Global stocks and US futures move higher on coronavirus optimism

Global stocks and US futures move higher on coronavirus optimism

Global stocks and US futures advanced on Tuesday on hopes that the coronavirus crisis may be easing in some of the places that have been hit hardest. Japan’s Nikkei advanced 2%, while Hong Kong’s Hang Seng added 2.1%. China’s Shanghai Composite increased 2% as investors returned from a holiday. In Europe, benchmark indexes in Paris,…MORE

Kroger and Walmart test one-way aisles as a coronavirus preventative measure

Kroger and Walmart test one-way aisles as a coronavirus preventative measure

The one-way aisle is the latest traffic-control measure to be implemented by US grocery retailers to encourage physical distancing during the coronavirus pandemic. Kroger, the nation’s largest supermarket operator, is testing one-way aisles at stores in certain markets to determine their effectiveness in providing appropriate distancing between customers, according to a statement released Monday. Retailers…MORE

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