Business-Consumer Headlines

Business-Consumer

America is running out of fireworks

International supply chains, a pandemic during peak production and record sales means shelves could soon be bare at fireworks retailers across the country.

Hugh Downs, anchor of '20/20' and 'Today,' dead at 99

Hugh Downs, the versatile and Emmy-winning broadcaster whose decades-long TV career ranged from anchoring ABC News' "20/20" to the "Today" show tells Larry King what his most eventful years were.

Unemployment rate won't recover for the next decade, CBO projects

Millions of out of work Americans are struggling with food insecurity. Low-income communities are especially hard hit. CNN's Vanessa Yurkevich reports.

Kids stuck at home interrupt parents' live interviews on BBC and Sky News

Two live home interviews on BBC and Sky News in England had adorable interruptions on the same day.

It's a scary time to be unemployed. These people still chose to get laid off

The reopening of the US is easing the burden on America's stressed labor market, but the economy remains in a deep recession. CNN's Christine Romans reports.

Court sides with publisher of tell-all book by Trump's niece

A New York appellate court vacated a temporary restraining order against Simon & Schuster, the publisher of President Donald Trump's niece, Mary Trump, upcoming tell-all book. CNN's Brian Stelter has the details on the court's decision.

McDonald's hits pause on reopening dining rooms as coronavirus cases rise

Gabrielle Ellison, a bar owner in Texas who is suing the governor, defends wanting to keep her bar open despite health officials, including Dr. Anthony Fauci, encouraging Americans to stop congregating in bars.

Ed Henry fired from Fox News over sexual misconduct allegation

Ed Henry, a top news anchor at Fox News, has been fired due to sexual misconduct allegations. Henry spent almost a decade at the network.

Judge temporarily blocks publication of tell-all book by President Trump's niece

A New York judge temporarily blocked the publication of an unflattering tell-all book written by President Trump's niece that Simon & Schuster is set to publish in July.

Airbus is cutting 15,000 jobs because of the pandemic

More than 10% of the Airbus workforce will be slashed over the next 12 months as it comes to terms with a plunge in demand for new aircraft due to the travel crisis caused by the pandemic. CNN's Anna Stewart reports.

Facebook boycott: View the list of companies pulling ads

A growing list of companies say they'll join an advertiser boycott on Facebook in protest of what they say are the site's failures to stop the spread of hate. CNN's Brian Stelter reports.

Dollar General is cheap, popular and spreading across America. It's also a robbery magnet, police say

Dollar General is one of the fastest growing discount chains in the country. But its ultra low-cost business model could make it vulnerable to crime.

Almost 1 in 3 pilots in Pakistan have fake licenses, aviation minister says

More than 30% of civilian pilots in Pakistan have fake licenses and are not qualified to fly, says the country's aviation minister. CNN's Richard Quest reports.

Unemployment claims have fallen for 3 months, but millions still need jobless benefits

Another 1.5 million Americans filed initial jobless claims last week. First-time claims for unemployment benefits have fallen in every report for the past 12 weeks, but the labor market is still struggling.

Unemployment claims have fallen for 3 months, but millions still need jobless benefits

Allianz Chief Economic Adviser Mohamed El-Erian says stimulus measures should help the market avoid revisiting March lows.

The recession is much worse than the IMF expected and the hit to jobs 'catastrophic'

The International Monetary Fund thinks global GDP will contract by 4.9% this year, downgrading its estimate from April, when output was forecast to shrink by 3%. CNN's Clare Sebastian reports.

Walmart stops displaying the Mississippi state flag in stores because of Confederate flag imagery

Walmart has stopped displaying the Mississippi state flag — which includes the Confederate battle flag — in stores. Walmart said the decision to no longer display the Mississippi flag is in line with its 2015 policy ending sales of all merchandise featuring the Confederate flag.

The recession is much worse than the IMF expected and the hit to jobs 'catastrophic'

Mary Daly, the president and CEO of the San Francisco Federal Reserve, discusses the Federal Reserve's Covid-19 response. She says keeping businesses afloat is a key priority.

McDonald's is closing its iconic Times Square location

McDonald's sent franchise operators in the United States a detailed instruction manual outlining requirements for reopening dining rooms.

'Gone with the Wind' returns to HBO Max ... with a disclaimer

"Gone With the Wind" is back on the streaming platform HBO Max, but it now opens with new commentary about the film's racist depiction of slavery. HBO Max is owned by CNN's parent company, WarnerMedia.

Passengers alleging racial discrimination sue American Airlines over Black man's removal from flight

A Southwest Airlines flight attendant had an emotional conversation about race with a passenger who later revealed he was the CEO of American Airlines.

Bank of England unleashes more stimulus as UK economy sinks

More than 50,000 people in the United Kingdom have died after contracting Covid-19, according to statistic bodies from all of the nations within the UK. CNN's Nic Robertson reports on how Britain reached this grim milestone.

Bolton says his best seller about Trump is 'a book about how not to be president'

John Bolton's book alleges that President Trump talked tough about throwing journalists in jail to uncover their sources. "These people should be executed. They are scumbags," Trump said, according to Bolton's recollection. Guy Snodgrass, former chief speechwriter for James Mattis, author of "Holding the Line," says he also heard Trump speak that way. He recounts a "ten minute tirade" by the president about reporters and "traitors."

Apparent suicide by 20-year-old Robinhood trader who saw a negative $730,000 balance prompts app to make changes

The family of 20-year-old student Alexander Kearns says he died by suicide after being confused and distraught over a negative $730,000 balance on his Robinhood trading account.

Twitter permanently suspends account of controversial British columnist Katie Hopkins

President Donald Trump has retweeted British columnist Katie Hopkins, who is known for her far-right racist rants.

Parent of toddler in 'manipulated' Trump video forces Facebook and Twitter to remove it

President Trump tweeted a video with a fake CNN graphic; the video claims, "America is not the problem. Fake news is." Twitter labeled it as "manipulated media." CNN's Donie O'Sullivan reports.

Aunt Jemima and Uncle Ben are going away. Are these mascots next?

Quaker Oats announced that it is retiring the Aunt Jemima brand and logo, saying that its origins are based on a racial stereotype.

How America's busiest commuter railroad plans to avoid crowding during the pandemic

By Ryan Bergeron, CNN and Caroline Perez, CNN - From the Louvre to the Alps, here are some ways to bring the beauty of France to your home.

No testers, no problem: Ulta and Sephora have a new take on 'try before you buy'

Mary Dillon, CEO of Ulta Beauty, discusses reopening stores and how the company has adapted in the coronavirus era. In addition to online growth, she says "we saw a 5x increase in the amount of people that are engaging in GLAMLab," their beauty app.

The economy seems to be turning a corner, but jobless claims are still in the millions

Overall, more than 45 million Americans have filed for first-time unemployment benefits since mid-March. CNN's Christine Romans reports.

Colin Kaepernick is joining Medium's board to write about racism

White athletes should join black athletes like Colin Kaepernick "as opposed to being complicit with their silence," says journalist LZ Granderson.

The Aunt Jemima brand, acknowledging its racist past, will be retired

Quaker Oats is retiring the more than 130-year-old Aunt Jemima brand and logo, acknowledging its origins are based on a racial stereotype.

Zoom is worth more than Uber and Cameo is thriving: This is 2020

Boston Dynamics is making its famous robot, "Spot," available for commercial and industrial purpose in the US. The "Explorer" model starts at $74,500.

Star investor: Markets may crash so badly the Fed has to start buying stocks

Guggenheim Partners global chief investment officer tells CNN Business' Matt Egan why he expects a looming market collapse could force the Federal Reserve to buy US stocks.

A wall of money outweighs virus fears — for now

Masks, back-to-front boarding, wipes. As air travel rebounds slightly from a near standstill in March, airlines prepare to reduce the anxiety around flying.

Philippines journalist Maria Ressa found guilty of 'cyber libel' in latest blow to free press

Philippine journalist Maria Ressa was found guilty of "cyber libel" in a case she and press freedom groups have described as a politically motivated prosecution by the Duterte government. Ressa speaks to CNN's Michael Holmes after the verdict.

Journalist partially blinded while covering protests: There's no way they could have mistaken me for anything but press

Linda Tirado, a photographer who was in Minneapolis covering the protests in late May, is now blind in one eye after being struck by a foam bullet. Tirado says there is no way the police "could have mistaken me with a professional camera for anything but working press." Her attorney Tai-Heng Cheng also weighs in on how her lawsuit could help protect other journalists.

Three months of the pandemic: 'We can't get acclimated to losing 800 to 1,000 Americans every single day'

Brian Stelter asks his expert guests about talk of a "second wave" of the coronavirus. "I hope we can call it the first wave, I hope we can call it the only wave," Dr. James Hamblin says, "but there's definitely not a second wave happening right now." Dan Diamond says a better analogy might be high tide and low tide -- "we are swamped with cases," and barring a dramatic change, "there will continue to be a tide."

Fox News publishes digitally altered and misleading images of Seattle demonstrations

CNN's Brian Stelter compares the differences between what's happening on the ground in Seattle and how it's being covered by Fox News.

Starbucks reverses its stance and will now let baristas wear 'Black Lives Matter' apparel

Starbucks has reversed its prohibition on employees wearing Black Lives Matter apparel. CNN's Cristina Alesci explains why.

Band-Aid will make black and brown flesh-toned bandages

Ben & Jerry's CEO Matthew McCarthy says corporate America has a responsibility to fix racist systems.

Britain delays border controls to soften Brexit blow to its crashing economy

Across the UK, people are facing hardship and financial stress as a result of the Covid-19 pandemic and lockdown. Many are unable to make ends meet and some have been left homeless. CNN's Phil Black reports.

Volkswagen made a racist ad. Here's why no one got fired

Recently Dolce & Gabbana, Heineken, and Pepsi have been in the spotlight for tone-deaf ads. Here's a look at those and other controversial ad campaigns.

Global markets stabilize after coronavirus fears spark huge Wall Street sell-off

The global pandemic made it difficult for US farmers to get their workers into the country and on their farms for harvest season. Some have taken unique measures to get the work done. Sara Sidner reports.

Corporate America doesn't want to talk about defunding police

In the wake of George Floyd's death, there is a call across the country to "Defund the Police." Chris Cillizza explains why the slogan could be dangerous for Democrats and detract from the calls for reforming police departments, demilitarization and re-allocation of resources for community building.

Another 1.5 million Americans filed for first-time unemployment benefits last week

Another 1.5 million Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Department of Labor reported.

Japan's top billionaire Tadashi Yanai says the image of America is breaking

Tears in America's social fabric are having a devastating impact on retail business, according to Japan's richest man, Tadashi Yanai. The CEO of Fast Retailing, which owns Uniqlo, said his business reopened after the Covid-19 shutdown, but protests in the US have doubled the economic pain. Journalist Kaori Enjoji reports.

Days before resigning, CrossFit CEO Greg Glassman told gym owners he doesn't mourn George Floyd

The founder and CEO of the CrossFit brand has stepped down amidst offensive comments over the police killing of George Floyd. Hear the controversial language on a call obtained by CNN Business.

The big looming risk for investors? A second wave of coronavirus

Racial bias in the US can impact every aspect of life for a person of color, including their ability to start a business. CNN's Clare Sebastian reports.

The scary alternative reality playing on Fox News

On Fox News' "Hannity," host Sean Hannity said that like George Floyd, President Trump also has been a victim of law enforcement.

The stock market no longer cares whether Trump wins

The longest expansion in American history is over, and the coronavirus recession is officially here. CNN Business' Christine Romans explains what that means.

This is the worst peacetime recession in 100 years, OECD says

The Covid-19 pandemic is the biggest disruption to air travel since 9/11. Here's what's next for the industry.

How CNN reported about online shopping before Amazon was a thing: Did you know there were so many kinds of jeans?

Online shopping grows every year as many traditional retailers struggle. But in 1998, online shopping was just taking off. Watch CNN's coverage of Macy's brand new online store.

CNN turns 40 today. Here's what it was like on Day One

The world's first 24-hour news network came to life on June 1, 1980. Watch a behind the scenes look at what CNN looked like on its first day.

James Bennet resigns from New York Times after Cotton op-ed backlash

The editor of The New York Times' editorial page, James Bennet, has resigned, publisher A.G. Sulzberger announced. Bennet's resignation comes after the publication of a controversial op-ed from Republican Sen. Tom Cotton earlier in the week drew significant criticism, including from dozens of the newspaper's staffers.

In newsrooms, 'a raging debate over the role journalists should be playing'

"Newsroom diversity is still awful," Jemele Hill says, and "it has remained a consistent problem in our business." Karen Attiah says "we are still fighting for integration in our newsrooms" and "our industry should be ashamed" by its lack of progress to date. Nikole Hannah-Jones says "newsrooms don't want to be transparent about their own diversity numbers."

Americans' paychecks got a lot smaller in May — and that is actually a good sign. Plus 4 other essential business stories.

CNN Chief Business Correspondent Christine Romans explains the sudden fall in unemployment numbers and what could lie ahead.

Stocks soar on surprisingly strong jobs report

The US unemployment rate surprisingly fell to 13.3% in May, as the economy gained 2.5 million jobs. CNN's Christine Romans reports.

Analysis: Five things Corporate America can do besides tweeting to combat racism

The leaders of America's most powerful businesses are facing pressure from their customers and employees to act on systemic racism. CNN's Abby Philip reports.

Europe's 'stimulus fireworks': ECB and Germany throw new wall of money at the economy

In an exclusive interview, Germany's Federal Minister of Finance Olaf Scholz discusses how Germany's economic stimulus package is designed to help the country recover from the effects of the coronavirus pandemic. CNN's Frederik Pleitgen reports.

Piers Morgan tells Rudy Giuliani on live TV: You've gone completely mad and you sound deranged

On "Good Morning Britain" host Piers Morgan got in a verbal altercation with former New York City mayor Rudy Giuliani.

Nickelodeon and ViacomCBS cable channels go dark for nearly 9 minutes

Ten networks owned by ViacomCBS played an eight minute and 46 second tribute to "honor George Floyd and pay tribute to other victims of racial violence."

Australia suffers first recession in 29 years

During a live broadcast on Australian television, Channel 7 News journalists were struck by a policeman's riot shield, prompting the Australian government to ask for an investigation into the incident.

'You're being delusional': Rush Limbaugh scolded by hosts of 'The Breakfast Club' for denying existence of white privilege

When conservative radio host Rush Limbaugh said he did not believe in white privilege, the hosts of popular radio show "The Breakfast Club" pushed back.

A lost decade looms for America's economy

CNN's Jon Sarlin explains the difference between reorganization and liquidation when it comes to bankruptcy filings.

'Black lives matter': Facebook, Netflix, Peloton and other companies take a stand as protests sweep America

Shimon Prokupecz reports on the protests in New York City as demonstrations continue to erupt across the US following the death of George Floyd.

Virgin Galactic stock soars following SpaceX success

US astronauts Robert Behnken and Douglas Hurley have successfully disembarked the SpaceX Crew Dragon capsule and entered the International Space Station.

Journalists covering protests face assault and arrest

While covering protests in Louisville, Kentucky, an officer fired what appeared to be pepper balls at a reporter for WAVE 3 News, a local TV station. The incident was broadcast live on the air.

Journalists covering protests face assault and arrest

CNN's Sara Sidner reports on the ongoing protest over the death of George Floyd in Minneapolis, despite the curfew order.

The US could end its special relationship with Hong Kong. But for western companies, it's complicated

As Beijing moves to tighten its grip on Hong Kong, the United States may soon terminate its special economic and trading relationship with the territory. CNN's Kristi Lu Stout reports.

Arresting reporters at a protest is an affront to the First Amendment

CNN's Brian Stelter says the arrest of Omar Jimenez while covering the Minneapolis protests is an arrest to the "concept of the public knowing what is happening in their community."

This incredibly popular store is one of the hardest to socially distance in

T.J.Maxx's business model is built on shoppers treasure hunting for bargains. Here's why the brand could be a rare retail winner after the pandemic.

Trump says right-wing voices are being censored. The data says something else

Twitter placed a fact-check label on some of President Trump's tweets. Mark Zuckerberg responded saying Facebook has "a different policy," as President Trump threatens to curtail the power of large social media platforms.

Arresting reporters at a protest is an affront to the First Amendment

CNN correspondent Josh Campbell explains that his experience with state police in Minnesota has been the opposite of Omar Jimenez, citing that he is white and Omar is not.

America's awful economy in the first quarter was even worse than we thought

More than 40 million people have filed first-time jobless claims since the coronavirus pandemic forced the US economy to shut down in March.

CNBC anchors brawl in explosive exchange: '100,000 people died ... And all you did was try to help your friend the President!'

CNBC "Squawk Box" co-hosts Andrew Sorkin and Joe Kernen had a heated moment on TV about their divided coverage of the Covid-19 pandemic.

Historic SpaceX launch postponed due to weather

The historic launch by SpaceX and NASA has been scrubbed due to weather. They will try again on May 30.

America's awful economy in the first quarter was even worse than we thought

Anthony Scaramucci, managing partner of SkyBridge Capital, says the stimulus' "green tsunami of money" is lifting stocks more than fundamentals.

HBO Max: Everything you need to know about AT&T's new streaming service

Chairman of WarnerMedia Direct-to-Consumer Bob Greenblatt tells CNN's Frank Pallotta what to expect from HBO Max, the company's new streaming service - available for $14.99 a month - that he claims offers a more curated slate of content.

Disney World sets reopening date

The Disney theme park plans to begin a phased reopening on July 11 for its Magic Kingdom parks and July 15 for EPCOT and Hollywood Studios.

He asked Twitter to remove Trump's false tweets about his dead wife. Twitter refused

President Trump tweets have dredged up a baseless and debunked claim about MSNBC's Joe Scarborough. CNN's Donie O'Sullivan and Brian Stelter discuss the decades-old conspiracy theory.

Stanley Ho, Hong Kong billionaire and Macao's 'godfather of gambling,' dies at 98

Stanley Ho, a billionaire businessman who made his fortune in Macao's gambling industry, has died aged 98 in Hong Kong according to his family. CNN's Kristie Lu Stout reports.

Dow soars 530 points on big hopes for a vaccine and the economy's reopening

New York Governor Andrew Cuomo rang the opening bell at the The New York Stock Exchange, which reopened its floor after temporarily shutting down to limit the spread of coronavirus.

Hertz files for bankruptcy

Hertz filed for bankruptcy, the latest victim of the sudden economic downturn sparked by the Covid-19 pandemic.

Twitter remains silent about Trump's appalling attack against Joe Scarborough

CNN's Brian Stelter looks at how history will remember the coronavirus pandemic and the political response to it.

Moderna unveiled encouraging coronavirus vaccine results. Then top execs dumped nearly $30 million of stock

Noubar Afeyan, Moderna chairman and CEO of Flagship Pioneering, discusses the positive interim results from the Phase 1 trial of a coronavirus vaccine.

America's unemployment rate may hit 23%, Trump adviser says

Kevin Hassett, senior economic adviser to President Trump, tells CNN's Poppy Harlow that China's proposed national security law will be "very costly to China and the people of Hong Kong."

43 states have record unemployment. See where your state ranks

Kevin Hassett, a senior White House economic adviser, says the unemployment rate may hit 23% this month and could be higher in June.

How beer helped save this Seattle pizza chain

Zeeks Pizza is keeping the great American tradition of pizza and beer alive, while also saving its business during the pandemic.

Here comes the US crackdown on China stocks

Nasdaq moved to delist Luckin Coffee in the wake of the Chinese firm's accounting fraud. Luckin has requested a hearing on the delisiting. CNN's Clare Sebastian reports.

AstraZeneca CEO says $1 billion vaccine bet is 'absolutely worth it'

The US is investing $1 billion in AstraZeneca's coronavirus vaccine development with Oxford University. "We will start getting substantial doses by September/October," says CEO Pascal Soriot.

Another 2.4 million Americans filed for unemployment benefits last week

In total, 38.6 million people have filed first-time jobless claims since mid-March as the coronavirus pandemic forces businesses to lay off workers. CNN's Christine Romans reports.

'Snyder Cut' of 'Justice League' will be released on HBO Max

WarnerMedia Entertainment & Direct-to-Consumer chairman Bob Greenblatt talks about why HBO Max is releasing the fabled "Snyder Cut" of "Justice League," which is director Zack Snyder's alternate version of the 2017 film.

Fox News can't get its message straight on hydroxychloroquine

After President Trump announced he was taking antimalarial drug hydroxychloroquine, Fox News host Neil Cavuto had a starkly different message than his colleagues.

Another 2.4 million Americans filed for unemployment benefits last week

Economist and Columbia University professor Jeffrey Sachs explains why the US will likely have a "messy" economic recovery following the coronavirus pandemic.

When store workers are forced to turn sheriff

Are there legal consequences for not respecting social distancing? The answer to that question depends on intent.

Class of 2020 entering worst job market since Great Depression

The Class of 2020 is entering the worst job market since the Great Depression. CNN's Bianna Golodryga speaks with two graduates who describe how the coronavirus pandemic has derailed their plans.

Matt Lauer responds to rape allegation from Ronan Farrow's 'Catch & Kill'

In his new book "Catch and Kill," author Ronan Farrow interviews Brooke Nevils, who has accused former NBC anchor Matt Lauer of rape. Farrow goes on to discuss the subsequent controversy caused by these allegations. Matt Lauer has categorically denied Brooke Nevils' accusations.

'The Last Dance' was an unexpected savior for ESPN during coronavirus

Jasmine Jordan describes what it was like to relive her father's legacy with the Chicago Bulls from his point of view.

JCPenney will close nearly 30% of its stores as part of its bankruptcy plan

JCPenney started as a Wyoming dry goods store called The Golden Rule back in 1902. Now, it has filed for bankruptcy protection. Here's how the retailer that once dominated malls fell out of favor.

News reporters become subjects of ire at anti-lockdown protests

News 12 Long Island reporter Kevin Vesey was covering a reopening when protesters harassed and insulted him, and some invaded his personal space while refusing to wear a mask.

Phyllis George, pioneering sportscaster and former Miss America, has died

Phyllis George, a broadcast television pioneer who became the first female co-anchor of the football pregame show "The NFL Today," has died. She was 70. George is the mother of CNN's Pamela Brown.

Why 'Mulan' and other summer blockbusters won't be coming to a home near you

More and more movies once destined for the big screen are going on-demand while theaters are closed due to the pandemic. Here's what will and will not change about moviegoing because of Covid-19.

Warren Buffett's Berkshire Hathaway sells majority of stake in Goldman Sachs

The global economy was caught flat-footed by Covid-19. Leading economists tell CNN Business what the post-Covid economy will look like and what lessons should be learned.

Why this chef keeps showing up at disaster zones

Celebrity Chef José Andrés has more than 30 restaurants and helped bring tapas to the US. Now, he tells CNN Business' Rachel Crane why his organization World Central Kitchen is partnering with restaurants to help feed people during the coronavirus pandemic.

America's retail sales completely collapsed in April

US retail sales plummeted by 16.4% in April, the largest decline on record. CNN's Clare Sebastian reports.

Preparing the palace: How an iconic Las Vegas casino plans to conquer Covid-19

CNN's Kyung Lah speaks with the CEO of Caesars Entertainment Tony Rodio about how the pandemic has halted operations at the iconic Caesars Palace in Las Vegas, and how the hotel and casino plans to reopen once restrictions are eased.

Analysis: What happened to Elon Musk?

Tesla CEO Elon Musk has called stay-at-home orders "fascist" and spread misinformation about Covid-19 on Twitter. Now, he says he's reopening a factory despite government orders.

Another 3 million Americans file for unemployment benefits

In total, 36.5 million people have filed first-time jobless claims since mid-March as the coronavirus pandemic is forcing businesses to close and lay off workers.

Jerome Powell is asking for help. Will anyone listen?

Chipotle CEO Brian Niccol explains how the fast casual chain's decision to invest heavily in digital helped accelerate its business during the pandemic.

Analysis: What happened to Elon Musk?

California State Assemblywoman Lorena Gonzalez (D) voiced her frustration with Tesla CEO Elon Musk's announcement that the company would be "restarting production today against Alameda County rules."

The stakes for reopening are high. This data shows why

Mohamed El-Erian, Chief Economic Adviser at Allianz, explains why we have to learn more and analyze data to get reopening the economy right.

Bitcoin 'halving' could boost its price as more investors flock to cryptocurrencies

Mike Novogratz, founder and CEO of Digital Galaxy, says bitcoin "halving is really quantitative tightening." He thinks investors are considering digital currency because "the possibility that things go really poorly with classic monetary policy is rising."

Trump abruptly ends press conference after contentious exchange with reporters

President Trump told CBS reporter Weijia Jiang to "ask China" in response to her question at a White House press conference and refused to answer questions from CNN's Kaitlan Collins.

Two companies hit hard by the coronavirus see a revival ahead

Tesla CEO Elon Musk argued against business restrictions in California that prohibit him from reopening his car factory and stated in several tweets that he may move production out of California entirely.

Jeep Wrangler tips over in crash test

In a random audit, the Insurance Institute for Highway Safety conducted a driver-side small overlap front crash test for the 2019 Jeep Wrangler. This is the first time a vehicle has tipped over in an IIHS crash test.

NYT CEO Mark Thompson: Coronavirus is an opportunity to 'prove the value of trustworthy news'

New York Times Company president and CEO Mark Thompson discusses the paper's digital subscription gains and ad revenue losses. The pandemic is "a moment for news organizations and newspapers to find audiences and prove the value of trustworthy news," Thompson says.

Alec Baldwin's Trump returns to 'SNL' to congratulate the 'class of Covid-19'

Alec Baldwin's Trump acted as the keynote speaker for a graduating class of seniors for the "Saturday Night Live" season finale.

Business groups and labor unions demand more clarity after UK eases lockdown rules

UK Prime Minister Boris Johnson laid out his vision for gradually restarting the economy, calling on people across the United Kingdom to return to work if they cannot do so from home. CNN's Max Foster reports.

Meet OAN, the little-watched right-wing news channel that Trump keeps promoting

CNN's Brian Stelter introduces a little-known network that pushes far-right commentary and the occasional conspiracy theory. That network is One America News, a favorite of President Trump.

Devastating job losses: Here's who got hit the hardest

April was the worst month for jobs since the Great Depression. The unemployment rate rose to 14.7%, the highest on record since the Bureau of Labor Statistics began its monthly series in 1948.

Business is booming for these 14 companies during the coronavirus pandemic

Nintendo's smash hit "Animal Crossing: New Horizons" sold 5 million copies in March, making it the highest-selling title for any console in a single month. CNN's Anna Stewart reports.

1 in 5 American workers has filed for unemployment benefits since mid-March

In total, more than 33 million people have filed first-time jobless claims since mid-March as the coronavirus pandemic is forcing businesses to close and lay off workers.

CNN sends Trump campaign cease-and-desist letter for misleading ad

A lawyer for CNN's parent company, WarnerMedia, has written President Trump's re-election campaign a cease-and-desist letter because of the misleading contents of a new campaign ad.

1 in 5 American workers has filed for unemployment benefits since mid-March

Moody's Analytics chief economist Mark Zandi says that while jobs will come back as businesses start to reopen, the US will never get back to pre-pandemic unemployment rate as long as social distancing measures remain because of Covid-19.

Lessons from China: How global business has changed forever

IBM's new CEO Arvind Krishna is calling on the government to create standards to guide companies on how to help employees return to the office after working from home.

Southwest CEO says Warren Buffett is too pessimistic about airlines' future

Warren Buffett's Berkshire Hathaway sold its entire stake in airline stocks, including Southwest. CEO Gary Kelly says a "low-fare environment" will help Southwest survive the coronavirus crisis.

ABC's David Muir misses an opportunity as Trump ventures outside the Fox-verse

A new CNN special, "The Pandemic and the President," lays out the timeline of President Trump's response to the coronavirus crisis. Jake Tapper and Brian Stelter discuss one of the factors: Right-wing media rhetoric that downplayed the virus in early March. "There was this gap... where there could have been serious steps taken to protect the American people," Tapper says.

NASA is working with Tom Cruise to shoot a film in outer space. Yes, really

CNN Business' Rachel Crane speaks with veteran NASA astronauts Robert Behnken and Doug Hurley about their upcoming test flight aboard SpaceX's Crew Dragon spacecraft. They'll be the first humans sent to space from US soil since the Shuttle program ended almost a decade ago.

One in five Wendy's is out of beef, analyst says

The Covid-19 outbreak is disrupting the food supply chain, as workers at meatpacking plants worry about their safety and farmers struggle to sell their meat. CNN's Omar Jimenez reports.

Some retailers are too broke to go bankrupt

The clothing retailer expects to stay in business during its debt restructuring. CNN's Clare Sebastian reports.

Anchorage Daily News, ProPublica win Pulitzer Prize for investigation on sexual violence

Brian Stelter marks World Press Freedom Day and discusses a recent coronavirus-triggered crackdown on reporting in some countries. Katharine Viner, editor-in-chief of the Guardian newspaper, says "whenever there is a shock to the system, governments will try to use that" to limit access and scrutiny, "unless we keep an eye on them."

Tariffs could be back in play. That's bad news for shaky markets

Secretary of State Mike Pompeo said that there is "enormous evidence" to support the idea that coronavirus originated in a lab in Wuhan, not in a market.

CBS News' Lesley Stahl recovers from Covid-19

Beth Blauer and Dr. Jennifer Nuzzo, two key members of the Johns Hopkins team that is tracking every confirmed coronavirus case, tell Brian Stelter how they do it, what the numbers do and don't reveal, and why people can have confidence in the data, even though it is incomplete. With regards to the death toll, "we may see that the true number is actually larger than what's been reported," Nuzzo says, "not the other way around."

Mail on Sunday handed early court win in Meghan lawsuit

The Mail on Sunday has secured an early win in a lawsuit filed by Meghan, the Duchess of Sussex, over the British tabloid's publication of a private letter she sent to her father ahead of her wedding to Prince Harry.

The 'tsunami' of airline job losses has begun in Europe. US carriers could be next

Masks, face shields, temperature screening, social distancing... the future of air travel will look radically different from the past. CNN's Richard Quest looks at how global airlines are changing travel to try and keep people safe in the face of the coronavirus outbreak.

This is the most dangerous place in the grocery store

As restaurants and grocery stores rapidly adjust their business models, CNN's Dianne Gallagher looks at how the coronavirus pandemic has changed the way Americans shop for food.

Americans are hoarding cash: Savings rate hits its highest level since 1981

CNN Business' Christine Romans explains why shrinking GDP in the first quarter is a dire warning for the future of the US economy.

US stock futures inch higher ahead of new unemployment claims numbers: April 30, 2020

NYSE trader Peter Tuchman, AKA Einstein, tells CNN's Alison Kosik about his experience battling Covid-19.

Boeing will cut 16,000 jobs after posting a massive loss

Boeing said it would cut 10% of its workforce and scale back production of the 787 Dreamliner and the 777 after posting a massive first-quarter loss. CNN's Clare Sebastian reports.

America's economy just had its worst quarter since 2008

American GDP growth contracted at an annualized rate of 4.8% in the first three months of 2020 as the coronavirus crisis swept across the world. The economic decline is expected to be worse in the second quarter.

White House economist: Unemployment could hit 20% by June

Kevin Hassett, senior economic adviser to President Trump, says that "by June we're looking at numbers between 16 and 20 percent." He warns the unemployment rate will be "something that we haven't seen since the 1930s."

Analysis: Trump ranted against briefings, but he ultimately just can't help himself

Brian Stelter asks: Why don't they just walk out when they're insulted? ABC White House correspondent Jonathan Karl, author of "Front Row at The Trump Show, says he gets asked that question often. "As reporters, our job is to be there," he says. "The insults don't matter. Who cares?" He says "we are there to try to get the facts and to put the questions to those who are in power in this country."

Meat processors warn of shortages. Here's why they're getting hit so hard

CNN's Jake Tapper speaks to Dianne Gallagher regarding the latest on meat plant closures in the US and the effects this has on livestock and meat production.

Bill Gates explains how the United States can safely ease coronavirus restrictions

Microsoft founder Bill Gates gives his take on the right measures the US needs to implement in order to reopen schools and his "best case" for the US economy.

GM suspends its dividend and share repurchases

CNN's Fred Pleitgen goes inside Volkswagen's plant in Kassel, Germany to see the safety measures the German automaker has put in place so its staff can get back to work during the coronavirus pandemic.

Bill Gates explains how the United States can safely ease coronavirus restrictions

Bill Gates tells Fareed the what he sees as the way forward for re-starting parts of the U.S. economy without risking a huge spike in Covid-19 cases.

Americans confront the coronavirus stress test in very different ways

Brian Stelter shares some of the responses he received from viewers when he said "it's okay not to be okay right now." "No, we're not okay," but that's something we all have in common, one viewer says. "I know in time, we will all be okay, together," another says.

Millions of dads are stuck at home — which could be a game changer for working moms

Millions of dads now working from home may spark the kind of generational change this researcher says could be bigger than World War II.

Nearly three quarters of US senators call on Trump administration to help local news

Senator Angus King explains his proposal for targeted funding towards local journalism during the pandemic. "This is an important part of the national infrastructure," he says. "In a pandemic, information is one of the absolute key resources."

Trump goes into hiding

President Trump unexpectedly leaves the coronavirus task force briefing without answering questions, a day after he asked medical experts to look into the possibility of injecting disinfectant as a treatment for the coronavirus.

Americans are adopting more puppies and Chewy is cashing in

Chewy is benefiting from online shopping, panic buying and rising pet ownership during the coronavirus pandemic. Chewy CEO Sumit Singh tells CNN'S Matt Egan, "demand has remained at elevated levels."

Lysol maker: Please don't drink our cleaning products

Reckitt Benckiser, the company that makes Lysol and Dettol, issued a statement urging people not to consume its cleaning products after President Donald Trump suggested the possibility of injecting disinfectants to protect people from coronavirus.

Lysol maker: Please don't drink our cleaning products

CNN's Dr. Sanjay Gupta and Anderson Cooper ask FDA commissioner Dr. Stephen Hahn about President Trump's comments regarding the use of ultraviolet light or injections of disinfectant to try to kill coronavirus

DraftKings goes public without many live sports to bet on

Las Vegas Mayor Carolyn Goodman (I) says that she wants to reopen the city's casinos, restaurants and entertainment venues for business so people can get back to work. CNN's Anderson Cooper asks her if that's safe given the data about the Covid-19 pandemic.

Las Vegas casinos will not be reopening anytime soon

Nevada Gov. Steve Sisolak responds to Las Vegas Mayor Carolyn Goodman's comments to CNN's Anderson Cooper appearing to offer the city as a control group for coronavirus guidelines.

Las Vegas casinos will not be reopening anytime soon

CNN's Anderson Cooper speaks with Las Vegas Mayor Carolyn Goodman about the decision to reopen casinos in her city amid the coronavirus pandemic.

Tyson will close its biggest pork plant after workers call out sick with coronavirus

Waterloo, Iowa Mayor Quentin Hart had called for the Tyson meat processing facility to shut down as the number of Covid-19 cases increased. He tells CNN's Poppy Harlow "it hurts when it feels like your pleas to people falls on deaf ears."

Fox News falls out of love with hydroxychloroquine

A new, unpublished study found that hydroxychloroquine, a drug President Trump has cited as key in fighting coronavirus, has a higher death rate among coronavirus patients compared to those not on the drug.

Fox News falls out of love with hydroxychloroquine

John Oliver takes a deep dive into conservative media pushing misinformation about the coronavirus on "HBO's Last Week Tonight."

Fox News keeps inviting TV doctors on air who say crazy things

TV hosts Dr. Mehmet Oz, Dr. Drew Pinsky and Phil McGraw have all appeared on Fox News and made these misleading claims about coronavirus. Now, all of them are backtracking.

Oil prices turn positive but the market remains 'broken'

WTI, the US benchmark, finished at -$37.63 a barrel on Monday. Producers are paying stockpilers to take barrels off their hands, as the coronavirus crisis saps demand and producers run out of places to store excess crude.

Piers Morgan says his friend President Trump is 'failing the American people'

Piers Morgan, co-host of ITV's "Good Morning Britain" and former CNN host, says "the complacency that the American and British administrations showed in the first few weeks of this crisis has been extremely damaging to both countries' ability to deal with the coronavirus.

A new generation of White House reporters hold Trump accountable

CNN's Dana Bash says President Donald Trump treats female reporters differently than he treats male reporters. Trump lashed out at Weijia Jiang of CBS News during a tense exchange at the daily coronavirus task force briefing.

Shake Shack, Ruth's Chris and other chain restaurants got big PPP loans when small businesses couldn't

Randy Garutti, CEO of Shake Shack, explains why his company is giving back the $10M emergency government loan and says the program must change to help all restaurants and small businesses that need it most. He says they took the loan initially as an "opportunity to keep as many of our team members off the unemployment line as possible."

A new generation of White House reporters hold Trump accountable

Brian Stelter says some of the most revealing exchanges at recent White House briefings have been prompted by a new generation of correspondents. McClatchy's Francesca Chambers says her job "is to be able to get information and answers on behalf of people who can't be in the room." CNN's Kaitlan Collins says people are watching the briefings "not because they want to see the president's feuds with reporters," but because "they want to get information about the outbreak."

"It's OK to not be OK right now." A month of grief, worry and frustration

CNN's Brian Stelter describes dealing with the emotions caused by covering the fallout of the coronavirus pandemic.

Shake Shack returns $10 million emergency loan to the US government

Shake Shack CEO Randy Garutti said the company gave back the $10M loan it received once it became apparent the program was underfunded and not set up for everyone to win.

Piers Morgan says his friend President Trump is 'failing the American people'

Former CNN host Piers Morgan tells CNN's Brian Stelter what advice he has for his friend Donald Trump regarding handling the coronavirus pandemic.

Why dairy farmers across America are dumping their milk

Some dairy farmers say they are being forced to dump milk since demand has shrunk during the coronavirus pandemic.

Stocks are soaring on a potential coronavirus treatment. But it's not a silver bullet

Investors are excited about Gilead's potential Covid-19 treatment, but CNN Senior Medical Correspondent Elizabeth Cohen explains why the trials for remdesivir are not yet conclusive.

During a national emergency, Trump clings to his television home, Fox News

President Donald Trump inaccurately declared, at a White House coronavirus briefing, that some states do not have "any problem" with the outbreak, minimizing the situation even in the least-affected states. CNN's Daniel Dale sets the record straight.

China could emerge from the pandemic even stronger

In total, around 22 million people, or 13.5% of the labor force, have filed first-time jobless claims since mid-March. CNN's Julia Chatterley reports.

Elon Musk's promised ventilators never delivered to California hospitals, governor's office says

A 3D-printer factory in China is ramping up production as some US families are using the printers to create tools hospitals need to treat coronavirus patients. CNN's David Culver reports.

22 million Americans have filed for unemployment benefits in the last four weeks

CNN's Jon Sarlin talks with two recently laid off workers who have been unable to file for unemployment benefits.

Global stocks are mixed as dire economic warnings pile up

Stifel Financial Chief Economist Lindsey Piegza says a V-shaped economic recovery in the fall may be unrealistic.

Bill Gates says Trump's decision to halt WHO funding is 'as dangerous as it sounds'

Melinda Gates says the World Health Organization is "fundamental" to working "on a coordinated response as a global community" to the coronavirus pandemic.

Global stocks retreat as China cuts a key lending rate. Oil sinks below $20

Trump may harbor "grandeur delusions about heroism," but his words matter because "there are a lot of governors looking to him" to make decisions about easing the shutdown, Elaina Plott says. Nicholas Kristof agrees: "What he says really matters," and if Trump "puts his backing behind continued social distancing that does indeed save lives."

Americans hold the key to reopening the economy

Gary Cohn, former economic adviser to President Trump, said getting money to small business owners has moved from a legislation problem, as the money is allocated, to an execution problem.

Farmers are throwing out food that could go to food banks. American Farm Bureau and Feeding America want to change that

CNN's Don Lemon talks to Paul Allen, co-owner of R.C. Hatton Farms, about why some farmers are destroying their crops and dumping fresh milk despite the skyrocketing demand at food banks across the country.

Trump rips from episode of Hannity's show for propaganda video

CNN's Erin Burnett and John King fact-check President Trump's assertions from the White House coronavirus task force briefing.

What investors can learn from bank earnings

The temporary shutdown of a major pork plant due to coronavirus has amplified concerns over the US food supply, but experts say it's not time to panic. CNN's Dianne Gallagher reports.

Propaganda on full display at Trump's latest coronavirus task force briefing

CNN's Brian Stelter says President Donald Trump is attacking the media and focused on the past instead of fighting against Covid-19 in the present.

'GMA' anchor George Stephanopoulos has been diagnosed with coronavirus

ABC News anchor George Stephanopoulos announced that he has tested positive for Covid-19.

US stocks futures up as investors prepare for coronavirus-upended earnings season

Saudi Arabia and Russia have struck a deal with other major oil producing nations to slash production by 9.7 million barrels a day in May and June. It is the deepest cut ever agreed to by the world's oil producers.. CNN's John Defterios reports.

Stanley Chera, New York real estate mogul and Trump friend, has died of coronavirus complications

Stanley Chera, the prominent New York City real estate developer and Republican donor, has died of complications related to Covid-19, a source close to Chera confirmed to CNN.

A special 'Sesame Street,' a solo performance by Andrea Bocelli, and other flashes of good news amid the pandemic

CNN's Brian Stelter examines how President Donald Trump tries to shape the country's coronavirus narrative during the White House coronavirus task force briefings.

Meat plants are closing. But you don't have to panic shop just yet

CNN's Don Lemon talks to Paul Allen, co-owner of R.C. Hatton Farms, about why some farmers are destroying their crops and dumping fresh milk despite the skyrocketing demand at food banks across the country.

Oil prices move higher after OPEC+ deal, while global stocks slump ahead of a big week for data

In a tweet, the Internal Revenue Service announced that the first economic stimulus checks have been deposited into US bank accounts. CNN's Christine Romans has more on what the move means for the American public.

S&P 500 logs best week since 1974: April 9, 2020

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.

Another 6.6 million Americans filed for unemployment benefits last week

Another 6.6 million people filed for unemployment benefits in the week ending April 4. Altogether, more than 16 million Americans have sought aid in the form of jobless benefits in just the prior three weeks alone.

What Fox News' silence about 'Diamond & Silk' says about the network

CNN's Christiane Amanpour and NYT opinion columnist Kara Swisher discuss Fox News' role in spreading misinformation about the coronavirus.

Global stocks move higher ahead of crucial OPEC meeting

J.P. Morgan Asset Management strategist Samantha Azzarello discusses where the bottom for stocks might be and how to adjust your portfolio accordingly.

McDonald's sales have plunged because of coronavirus

Illinois state comptroller Susana Mendoza described her state's race to get medical supplies during the coronavirus pandemic, comparing it to the "wild-wild west."

Five Barnes & Noble workers were diagnosed with coronavirus in New Jersey

Footwear brand Crocs donates 10,000 shoes a day, medical apparel retailer Figs gives away 30,000 scrubs and a DC restaurant hands out free pizza to healthcare workers.

'What Day Is It?' and other ways media companies are getting creative amid the pandemic

John Krasinski and Emily Blunt surprise a 9-year-old girl who had tickets to see "Hamilton" before it was canceled with Lin-Manuel Miranda and had the cast sing her favorite song on a Zoom call.

Dow set to soar 700 points: April 7, 2020

OPEC and Russia postponed a meeting that could end a price war and reduce a supply glut that has driven oil futures to their lowest in decades. CNN's Julia Chatterley reports on the turmoil in energy markets.

Stelter: Federal response to pandemic is a 9/11-level failure

CNN's Brian Stelter pushes back on multiple claims made by President Trump during his coronavirus task force briefings.

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