Category Archives: CNN – Business

Southwest warns 6,800 employees of impending layoffs, a first for the airline

Southwest Airlines warned 6,800 employees Thursday they may be furloughed in the spring, the airline told CNN. If the layoffs do take place, they would be the first in the carrier’s nearly 50-year history. The total includes 2,551 ground crew members who handle baggage, cargo, and restocking planes, as well as 1,176 customer service agents,…MORE

OPEC and Russia agree to start pumping more oil next month

OPEC and Russia agree to start pumping more oil next month

Saudi Arabia, Russia and other oil producing countries have agreed to start tentatively increasing output next month even as the coronavirus pandemic continues to cloud the outlook for demand. The Organization of Petroleum Exporting Countries said on Thursday that existing production curbs would be relaxed slightly from January 1 by members of the OPEC+ alliance.…MORE

Forget bitcoin. These cryptocurrencies are surging even more

Forget bitcoin. These cryptocurrencies are surging even more

The dramatic rise in bitcoin may seem overly speculative. Yet bitcoin has actually lagged the surges for some other cryptocurrencies. While bitcoin has soared 15% in the past week to hit a new all-time high just under $20,000, ethereum — the second-largest crypto after bitcoin — is up more than 20% in the past seven…MORE

Dunkin’s new Sugarplum Macchiato drink went viral. That was the plan

Dunkin’s new Sugarplum Macchiato drink went viral. That was the plan

‘Tis the season to go viral, as Dunkin’ is discovering with its new eye-catching drink: the Sugarplum Macchiato. The chain debuted Wednesday its latest color-changing concoction that’s tailor-made for social media. Dunkin’ said it combined several berry flavors to make a sugarplum-flavored drink with espresso and ice that features “a whimsical, light-purple, layered” look. The…MORE

Another 712,000 Americans filed for unemployment benefits last week

Another 712,000 Americans filed for unemployment benefits last week

Another 712,000 Americans filed for unemployment benefits last week on a seasonally adjusted basis, according to the Labor Department, as the job market recovery continues to slow. That was a bit lower in the previous week, which was revised higher. Meanwhile, 288,701 workers filed for benefits under the Pandemic Unemployment Assistance program, which provides aid…MORE

The US-China fight isn’t going away. This proves it

The US-China fight isn’t going away. This proves it

This much has been made clear in recent days: The US-China fight that’s rattled markets and forced companies to rethink their global supply chains won’t just be a feature of the Trump era. What’s happening: The US House of Representatives on Wednesday passed a bill that could kick several Chinese firms off American stock exchanges.…MORE

3M is cutting another 2,900 jobs

3M is cutting another 2,900 jobs

3M, maker of Post-Its and industrial materials, is cutting about 3% of its global workforce, amounting to roughly 2,900 jobs, as the company continues its restructuring plan. In a release Thursday, 3M CEO Mike Roman said the changes were the result of the pandemic that has “advanced the pace of change and disrupted end markets…MORE

Nike ad sparks debate about racism in Japan and some calls for a boycott

Nike ad sparks debate about racism in Japan and some calls for a boycott

A new video advertisement from Nike Japan that portrays the experiences of three soccer players from different backgrounds has sparked fierce debate online, including some calls to boycott the company. The two-minute film, titled “The Future Isn’t Waiting,” shows how the teenagers, who are bullied over their race or other differences, ultimately find confidence through…MORE

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