Category Archives: CNN – Business News

Ford to build 50,000 ventilators in 100 days

Ford to build 50,000 ventilators in 100 days

Ford plans to make as many as 50,000 simple ventilators for coronavirus patients within 100 days and plans to continue producing 30,000 per month after that, the company announced Monday. The automaker said it will make the ventilators at its Rawsonville Components Plant in Ypsilanti, Michigan. The factory will be staffed by 500 United Auto…MORE

Oil crashes to fresh 18-year low as demand suffers unprecedented drop

Oil crashes to fresh 18-year low as demand suffers unprecedented drop

The great oil crash of 2020 ain’t over yet. US crude plunged nearly 7% and finished at an 18-year low of $20.09 a barrel Monday as the coronavirus pandemic continues to deal a devastating blow to energy demand. At session lows, oil touched $19.27 a barrel — the weakest intraday price since February 2002. Brent…MORE

These companies are racing to roll out COVID-19 treatments

These companies are racing to roll out COVID-19 treatments

Big Pharma companies and biotechs are racing to come up with an effective treatment for the Covid-19 novel coronavirus. Several high profile companies are working on new experimental vaccines. Drug giant Johnson & Johnson is the latest to announce a promising vaccine candidate, saying on Monday that it plans human testing by September with the…MORE

Macy’s will furlough the majority of its 125,000 employees

Macy’s will furlough the majority of its 125,000 employees

Macy’s is furloughing a majority of its 125,000 employees because of the ongoing coronavirus pandemic, which has sunk sales and forced it close to its stores. The company said Monday that the pandemic has taken a “heavy toll” on its business. Macy’s, which also owns Bloomingdale’s and Bluemercury, closed all of its 775 stores in…MORE

Workers on the front lines risk their health to give America essential goods

Workers on the front lines risk their health to give America essential goods

As millions of Americans shelter inside their homes, trying to avoid exposure to the Covid-19 pandemic, many workers continue to risk exposure to the virus on the front lines. They’ve been deemed critical by the federal government, because they’re delivering food and packages, stocking grocery store shelves and operating public transit — often around the…MORE

Trump is self-isolating at his safe space: Fox News

Trump is self-isolating at his safe space: Fox News

President Trump’s go-to move in a crisis is always the same: to call Fox News. On Monday morning he called into “Fox & Friends,” one of his most reliable sources of support, and praised his own response to the pandemic. It was Trump’s third interview on Fox in the past week, and it was more…MORE

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4:20 Flashback: 747

4:20 Flashback: 747

This bands personal Boeing 747 was badly damaged after colliding with a tow truck while grounded at Santiago, Chile, 2016.