Business News

Pence’s office blocks public health officials from appearing on CNN

Pence’s office blocks public health officials from appearing on CNN

Vice President Mike Pence’s office has declined to allow the nation’s top health officials to appear on CNN in recent days and discuss the coronavirus pandemic killing thousands of Americans, in an attempt to pressure the network into carrying the White House’s lengthy daily briefings in full. Pence’s office, which is responsible for booking the…

The Fed just unleashed another $2.3 trillion to support the economy

The Fed just unleashed another $2.3 trillion to support the economy

The Federal Reserve is continuing its extraordinary efforts to prop up the US economy in the wake of the coronavirus pandemic. The central bank announced a new $2.3 trillion round of loans that include even more support for small businesses and consumers — and, for the first time, for states, cities and municipalities, too. The…

Nearly a third of Americans didn’t pay rent this month, new data shows

Nearly a third of Americans didn’t pay rent this month, new data shows

With nearly 10 million Americans filing for unemployment in March, April 1 was always going to be a difficult day for US renters. Now we know just how difficult: Nearly a third of American renters didn’t pay their rent this month. That’s according to data from the National Multifamily Housing Council, a trade association for…

Another 6.6 million Americans filed for unemployment benefits last week

Another 6.6 million Americans filed for unemployment benefits last week

Another 6.6 million people filed for unemployment benefits last week, according to the US Department of Labor, as American workers continue to suffer from devastating job losses, furloughs and reduced hours during the coronavirus pandemic. It was the second largest number of initial unemployment claims in history, since the Department of Labor started tracking the…

What Fox News’ silence about ‘Diamond & Silk’ says about the network

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. A seemingly small act from a pair of online personalities Wednesday spoke volumes about cable news’ highest-rated network and its supposed commitment to accurately informing the public amid this pandemic. Fox News might be working…

Disney+ is almost near its subscribers goal four years ahead of schedule

Disney+ is almost near its subscribers goal four years ahead of schedule

Disney+ now has 50 million paid subscribers globally, putting it within striking range of its initial subscriber projections just five months after it launched. The company told investors last year that it projected Disney+ would have 60 million to 90 million global subscribers by 2024. Now, after five months, the service is almost there, the…

Meat plants are shutting down as workers get sick

Meat plants are shutting down as workers get sick

Across the country, major meat processors are starting to shut down plants as employees are getting infected by coronavirus. Tyson, one of the world’s largest meat processors, suspended operations at its Columbus Junction, Iowa, pork plant this week after more than two dozen workers contracted Covid-19 there. Tyson said it would divert livestock that was…

Are you a first responder? You can cut the line at Costco

Are you a first responder? You can cut the line at Costco

Costco is giving first responders and healthcare workers priority admittance into their warehouses. The company recently started limiting the number of people into each store. Since then, Costco customers had to wait in long lines to get in. Beginning Wednesday, first responders such as police officers, paramedics and firefighters in addition to healthcare workers that…

How reporters are covering the biggest story of their careers

How reporters are covering the biggest story of their careers

In 2017, The Washington Post health reporter Lena Sun wrote, “The Trump administration is ill-prepared for a global pandemic.” In 2018, The Atlantic science reporter Ed Yong wrote, “The Next Plague Is Coming. Is America Ready?” Now, here we are in 2020, and Sun, Yong and a phalanx of health reporters in newsrooms across the…

Geico giving credits to customers due to coronavirus-related drop in driving

Geico giving credits to customers due to coronavirus-related drop in driving

Geico is giving car insurance customers a break on premiums because of the drop in claims associated the the coronavirus outbreak. With most of America under stay-at-home orders, driving is significantly down — and so are accidents. Geico said its policy will give customers a 15% credit on six-month policies when they are renewed or…

JetBlue to consolidate number of airports it serves

JetBlue to consolidate number of airports it serves

JetBlue appears to be the first US airline to use new rules finalized Tuesday that allow airlines to cut back on flights. The Department of Transportation rules allow airlines serving multiple airports in the same geographical area to consolidate service at a single airport. That allows them to cut back on duplicative ground operations (such…

Restaurants are transforming into grocery stores because of coronavirus

About a month ago, Anthony Strong finally opened a dining room for family-style meals in his San Francisco restaurant, Prairie. He saved up for renovations and shuttered the restaurant for four days to complete construction and was excited to unveil it to customers. “It was going to be amazing,” Strong told CNN Business. “And it…

McDonald’s sales have plunged because of coronavirus

McDonald’s sales have plunged because of coronavirus

McDonald’s was enjoying a great start to 2020 but that all changed once the Covid-19 pandemic hit Europe and the United States. The fast food giant reported Wednesday that sales at restaurants open at least a year plunged more than 22% in March, led by a nearly 35% decline in its internationally operated markets. Sales…