Category Archives: CNN – Business

Dow falls more than 400 points as the coronavirus outbreak worsens

Dow falls more than 400 points as the coronavirus outbreak worsens

The Dow tumbled Monday morning, as US stock nosedived on the continuing global spread of coronavirus. The S&P 500 was down 1.6%, while the Nasdaq Composite was down 2.1%. The Dow, which was down as much as 549 points, was most recently down 440 points. European exchanges are also lower, while Asian markets are closed…MORE

Casper’s sales are surging but it can’t stop losing money

Casper’s sales are surging but it can’t stop losing money

Mattress startup Casper has big ambitions to become a publicly traded wellness company. The problem is it can’t stop losing money. The company reported Monday sales soared 23% to about $439 million, but it lost about $94 million in the past quarter. Its loss was about 2% more than its losses during the fourth quarter…MORE

Oil prices have fallen 10% as coronavirus raises fears for global growth

Oil prices have fallen 10% as coronavirus raises fears for global growth

China’s coronavirus outbreak has rattled oil markets, sending prices sharply lower as investors worry that efforts to prevent it spreading will harm the country’s economy and reduce demand for crude. Brent crude futures traded around 3% lower on Monday at $58.88 a barrel, their lowest level since October. US crude futures were down roughly 3%.…MORE

Economists are even more optimistic about the US economy

Economists are even more optimistic about the US economy

A growing number of American economists are bullish about growth in the coming year. The National Association for Business Economics said in a survey released Monday that 67% of respondents expect America’s gross domestic product — the most complete measure of the nation’s economy — to grow by 1.1% to 2% this year. A growing…MORE

The biggest US tech companies could still drive stocks this week

The biggest US tech companies could still drive stocks this week

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Concerns about the spreading Wuhan coronavirus will be front of mind this week, with the death toll continuing to rise and the number of confirmed cases soaring. But the downside for US…MORE

How the coronavirus is already hurting global business

How the coronavirus is already hurting global business

Major shops, restaurants and tourist destinations are shuttering their doors across China, as global businesses begin to feel the effects of the deadly Wuhan virus outbreak. Chinese officials on Monday announced that the death toll from the coronavirus has risen to 80, with nearly 2,800 cases confirmed in mainland China and several dozen more in…MORE

Police scold TMZ after outlet was first to report death of Kobe Bryant

Police scold TMZ after outlet was first to report death of Kobe Bryant

At 2:24 p.m. ET, TMZ posted the story that stunned the world on Sunday: Basketball legend Kobe Bryant, at the age of 41, had died in a California helicopter crash. The tectonic news, which the celebrity-gossip website was first to report, swept the nation as other news organizations quickly confirmed the story. It also upset…MORE

Dow futures tumble 500 points as coronavirus spreads

Dow futures tumble 500 points as coronavirus spreads

US stock futures dropped sharply Monday as concerns grew over the spread of a deadly coronavirus. Dow futures fell by as much as 500 points, or 1.6%. S&P 500 futures were down about 1.6% and Nasdaq futures were lower by about 2.1%. Eighty people have been killed by the coronavirus, according to Chinese health officials.…MORE