Category Archives: CNN – Business

Greed is back on Wall Street, and 4 other business stories you need to read

Greed is back on Wall Street, and 4 other business stories you need to read

Forty years ago on this day, a global, 24-hour news channel was born. Happy birthday, CNN — you don’t look a day over 39. “Now,” as Lois Hart said in CNN’s very first broadcast, “here’s the news:” GORDON GEKKO VIBES 2020 just keeps piling on. This weekend’s riots erupted against a backdrop of a global pandemic…MORE

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

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

Conservative talk show host Rush Limbaugh denied the existence of white privilege to the hosts of “The Breakfast Club,” a nationally syndicated radio program that features discussions on progressive politics and black culture, during an extraordinary conversation on race relations that aired Monday. During the nearly 30-minute conversation, which also aired on Limbaugh’s nationally syndicated…MORE

Air travel is bouncing back … sort of

Air travel is bouncing back … sort of

Air travel is nowhere near pre-pandemic levels. But it began bouncing back in May. The number of people passing through airport security checkpoints nearly doubled over the course of the month. The Transportation Security Administration says it screened nearly 949,000 passengers over the past weekend. It scanned 476,000 people over the first weekend in May.…MORE

To cap off his amazing week, Elon Musk just made $770 million

To cap off his amazing week, Elon Musk just made $770 million

Elon Musk had a big week. The CEO of Tesla and SpaceX achieved his boyhood dream of launching two American astronauts into space for the first time. He also just got 1.68 million stock options that provided him with a $770 million payday. The SpaceX flight drew national coverage of Saturday’s launch. Musk’s payday got…MORE

Virgin Galactic stock soars following SpaceX success

Virgin Galactic stock soars following SpaceX success

Elon Musk’s SpaceX isn’t publicly traded. But investors found another way to celebrate this weekend’s successful Dragon launch and docking at the International Space Station. Shares of Richard Branson’s Virgin Galactic surged more than 6% in early trading Monday. The stock is now up nearly 60% since Virgin Galactic went public last October through a…MORE

Greed returns to Wall Street as stock market rebounds

Greed returns to Wall Street as stock market rebounds

American consumers are starting to try to get back to something resembling normal life on Main Street — and that sense of optimism is present on Wall Street too. Despite the threat of Covid-19 and new concerns about racial protests in America and geopolitical tension with China, stocks have soared since briefly entering bear market…MORE

How to invest in a pandemic: Buy boring stocks

How to invest in a pandemic: Buy boring stocks

With all the volatility in the market lately, it may seem rash to make much of one week’s trading. But value stocks — companies in sectors like energy, financial services and retail — have finally started to outperform sexier technology companies and other growth stocks. Could this be a start of a new trend? A…MORE

This brewery is turning into a park to help people socially distance

This brewery is turning into a park to help people socially distance

On a typical weekend before the pandemic hit, about 2,000 people would flock to Jester King Brewery located on a scenic ranch on the outskirts of Austin, Texas. They would pile into an old barn that once served as a chicken coop and sit at the long community tables to drink farmhouse ales, enjoy food…MORE