Category Archives: CNN – Business

In the face of negative headlines, TurboTax is having a great start to 2020

In the face of negative headlines, TurboTax is having a great start to 2020

A nasty round of negative headlines hasn’t scared off TurboTax’s customers. The company is poised to snap up an even larger number of tax filers who use software to prepare their returns than last year, a recent survey by Guggenheim Securities found. About 39% of respondents who plan to prepare their taxes digitally said they…MORE

JCPenney is closing six more stores

JCPenney is closing six more stores

The tough times continue for JCPenney. The department store chain announced plans Thursday to close six additional stores as sales and profit continue to decline. The company did not share specifics about its store closings, saying it would give more detailed outlook of its real estate plans when it meets with analysts on April 7.…MORE

The FTSE 100 is in correction territory. Others indexes aren’t far behind

The FTSE 100 is in correction territory. Others indexes aren’t far behind

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Global stocks have entered their sixth straight trading day in the red as investors worry that the coronavirus outbreak is fast becoming a pandemic — with Britain’s FTSE 100 flirting with a…MORE

US companies say the coronavirus outbreak could cut China revenues by 50%

US companies say the coronavirus outbreak could cut China revenues by 50%

Some US companies are bracing for the revenue they make in China to be cut in half if the novel coronavirus outbreak extends into the summer. Nearly half of US companies in China expect revenue from the country to fall this year if businesses can’t return to normal before the end of April, according to…MORE

Dow futures sink as US officials warn of coronavirus spread

Dow futures sink as US officials warn of coronavirus spread

Dow futures dropped 200 points, or 0.7%, in the early hours of Thursday after US health authorities said they’ve discovered a case of novel coronavirus in the country without knowing its origin. Other major US indexes also declined in premarket trading. S&P 500 and Nasdaq futures each fell 0.8%. The US Centers for Disease Control…MORE

Struggling cannabis retailer Medmen wants to fix things by keeping it simple

Struggling cannabis retailer Medmen wants to fix things by keeping it simple

To survive, MedMen Enterprises plans to simplify. The popular, yet troubled, cannabis dispensary chain wants to get out of the business of growing and producing cannabis so it can focus on its retail stores. “While vertical integration has been a big focus for the industry, our growing belief is that cannabis is evolving like every…MORE

Dunkin’s latest release is quite simply a bag of bacon

Dunkin’s latest release is quite simply a bag of bacon

While other fast food chains are rushing to launch meatless and plant-based options, Dunkin’ went in the opposite direction and released the ultimate snack for meat lovers. Starting today, Snackin’ Bacon will be available at Dunkin’ restaurants nationwide. What’s that, you wonder? It’s just like it sounds: Eight half-strips of bacon wrapped up in a…MORE

Oil and energy stocks are getting crushed by coronavirus fears

Oil and energy stocks are getting crushed by coronavirus fears

The spread of the coronavirus around the world is sending shockwaves through an oil market ill-prepared for a serious blow to energy demand. Oil prices plunged deeper into a bear market Wednesday, reflecting fears about the economic repercussions of the rapidly-spreading health crisis. Economists are warning the coronavirus could spark a severe economic slowdown or…MORE