Category Archives: CNN – Business News

Jamie Dimon predicts a ‘major recession’ is on its way

Jamie Dimon predicts a ‘major recession’ is on its way

JPMorgan Chase CEO Jamie Dimon used his annual shareholder letter to detail just how bad he thinks the US economy can get from the coronavirus pandemic. Dimon expects a “bad recession,” he wrote in the letter released Monday, saying that in the most adverse scenario, gross domestic product could plunge at a 35% annual rate…MORE

3D printer companies step in to fill hospitals’ desperate need for face shields

3D printer companies step in to fill hospitals’ desperate need for face shields

Doctors and nurses on the front lines of the coronavirus pandemic are in desperate need of face shields, crucial equipment to prevent the spread of the virus. But they’re in extreme short supply. That’s why tech companies are stepping up to help. The transparent, plastic headgear resembling a welding mask protects medical professionals from infection…MORE

Investors brace for a rough week as the US scrambles to fight coronavirus

The United States is steeling itself for a bruising week in the fight against the novel coronavirus, with President Donald Trump and the US surgeon general warning Sunday of the dark days ahead. The latest: There are now more than 330,000 cases in the United States, and the number of deaths recorded on Saturday was…MORE

The global economy just got a $1 trillion infusion from Japan

The global economy just got a $1 trillion infusion from Japan

Japan is committing nearly $1 trillion to try to protect its economy from the fallout from the coronavirus pandemic. Japanese Prime Minister Shinzo Abe on Monday announced a 108 trillion yen ($989 billion) relief package — a staggering amount equivalent to about 20% of the annual output of the world’s third biggest economy. It includes…MORE

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

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. There’s a lot of revisionist history being written right now. Lots of digging of the so-called memory hole. Pro-Trump media outlets are trying to bury the Trump White House’s failures to fully protect the country…MORE

Global stocks and US futures rally on coronavirus hopes, oil slips back

Global stocks and US futures rally on coronavirus hopes, oil slips back

Global stocks and US futures surged on Monday as new data suggested that efforts to contain the coronavirus pandemic may be starting to pay off in Spain, Italy and New York. Australia’s S&P/ASX 200 and Japan’s Nikkei 225 gained more than 4% and Hong Kong’s Hang Seng Index rose 2.2%. Markets in mainland China were…MORE

Two workers at the same Walmart store die of coronavirus

Two workers at the same Walmart store die of coronavirus

Two workers at a Chicago-area Walmart store have died from the novel coronavirus, the company confirmed Sunday. “We are heartbroken to learn of the passing of two associates at our Evergreen Park store, and we are mourning along with their families,” an emailed statement from the company reads. Walmart in its statement did not provide…MORE

Stores are scrambling to get masks for their workers. It’s no easy task

Stores are scrambling to get masks for their workers. It’s no easy task

Aside from health care workers, no one is more exposed to coronavirus than the workers continuing to show up to grocery stores and warehouses to ensure people have access to essential goods. So when the US government recommended Friday that people wear masks in public, company efforts to get masks to their employees became even…MORE

Blogs

ADOPT KELLY McCOY!

ADOPT KELLY McCOY!

Our own Kelly McCoy is up for adoption to help benefit the Humane Educational Society!

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.