Category Archives: CNN – Business

How some investors have profited from the stock market’s huge losses

How some investors have profited from the stock market’s huge losses

Hedge fund manager Bill Ackman appeared on CNBC earlier this month tearfully begging for a nationwide shelter in place because he thought “hell” was coming.” But investors didn’t realize that Ackman was about to profit in a big way from the turmoil on Wall Street. Ackman recently disclosed in a shareholder letter to investors in…MORE

Walmart will start taking employees’ temperatures and let them wear masks

Walmart will start taking employees’ temperatures and let them wear masks

Walmart added to its worker safety policies Tuesday as protections for retail and grocery store workers come under greater public scrutiny. Walmart will begin taking workers’ temperatures at stores and warehouses before they begin their shifts. Any employee with a temperature above 100 degrees will be sent home to seek medical treatment, if necessary, but…MORE

Goldman Sachs now expects US unemployment to hit 15%

After a dismal winter, China’s economy is showing signs of life. But a recovery in Asia won’t paper over problems in the United States and Europe as the world sinks into recession. See here: Goldman Sachs has significantly downgraded its outlook for the US economy between April and June. The investment bank now expects an…MORE

What happens to our food supply if American farmers can’t farm?

What happens to our food supply if American farmers can’t farm?

American farmers are concerned. The coronavirus pandemic is posing a threat to their livelihoods, as it is for many others across the globe. But unlike some shelf-stable goods producers, farmers have very little flexibility. They’re on a strict planting and harvesting schedule and cannot ramp up or decrease production at will. “A peach [that] is…MORE

Today is Equal Pay Day for women and it’s not a day to celebrate

We’re three months into 2020 — yet this is how long American women must work into the year to earn the same salary as men did in 2019. Every year, the National Committee on Pay Equity sets a date for “Equal Pay Day” to highlight the overall pay disparity between men and women who work…MORE

Global stocks and US futures move higher after China’s economy shows signs of life

Global stocks and US futures move higher after China’s economy shows signs of life

Global stock markets and US futures moved higher Tuesday after data showed that manufacturing activity in China rebounded from record lows in March, even though the world’s second largest economy remains under huge pressure from the coronavirus. Most major indexes in Asia advanced, and European markets opened higher. The Shanghai Composite added 0.1%, while Hong…MORE

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