BuzzFeed News has a new editor in chief. His first month has been anything but LOL. Even before his first official day on the job, Mark Schoofs attended an all-hands meeting about furloughs stemming from the pandemic’s economic impact. But Schoofs was ready for a challenge at a media company he already knows well. The…… MORE
Category Archives: CNN – Business
TV changed last night: Stephen Colbert got somber and ViacomCBS stations went dark
Television felt different Monday night. “The Late Show with Stephen Colbert” — a show usually reserved for jokes about current events and celebrity interviews — took on a somber tone Monday night. Host Stephen Colbert returned to the airwaves to address the mass protests sweeping across the United States following the death of George Floyd,…… MORE
DraftKings stock soars on hopes for live sports returning soon
Investors who took a gamble on DraftKings stock when the company went public in April are sitting on a winning ticket. And the company might be one of the clearest examples of the market’s bet on America — and the world’s return to normalcy following the coronavirus pandemic. Shares of the money-losing gambling and fantasy…… MORE
Gutted newsrooms juggle pandemic and protests: ‘I volunteered because somebody has to sleep sometime’
Local news publications have been hard hit by financial pressure stemming from the pandemic, with many operating newsrooms gutted by layoffs and furloughs. Now, local journalists are juggling coverage of twin crises — the pandemic and the protests roiling the country — with even fewer resources. Protestors in cities across the country took to the…… MORE
Automakers have another Covid-19 problem: Suppliers
Building cars during the Covid-19 pandemic requires more than keeping workers in auto plants safe. Hundreds of supplier plants must stay safe and healthy, too. Keeping the supply chain operating is crucial, because cars cannot be built unless automakers have 100% of the parts. Last week proved how difficult that can be in the current…… MORE
A lost decade looms for America’s economy
It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday. The CBO warns in a new analysis that the pandemic will reduce cumulative economic output over the next 10 years by $7.9 trillion, or 3% of GDP during the decade, compared…… MORE
Australia will investigate attack on journalists by police in Washington
Australian Prime Minister Scott Morrison has called for an investigation after two of the country’s journalists were attacked by police in Washington DC on Monday. During a live morning newscast on the program “Sunrise” on Tuesday in Australia, police were seen using their shields to clear Channel 7 News US correspondent Amelia Brace and photojournalist…… MORE
Bank of America pledges $1 billion to fight racial inequality
Bank of America is donating $1 billion over the next four years to community programs and small businesses to help address economic and racial inequality that has been exacerbated by Covid-19. CEO Brian Moynihan said in press release Tuesday that “underlying economic and social disparities” were made worse by the pandemic and mentioned the nationwide…… MORE
A lost decade looms for America’s economy
It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday. The CBO warns in a new analysis that the pandemic will reduce cumulative economic output over the next 10 years by $7.9 trillion, or 3% of GDP during the decade, compared…… MORE
District attorney to investigate alleged assault of WSJ reporter by NYPD officers during protests
The Manhattan District Attorney’s Office is investigating the alleged assault of a Wall Street Journal reporter covering the George Floyd protests by members of the New York Police Department, a spokesman for the office told CNN. “Our office has prosecuted dozens of uniformed officers for official misconduct and violence since 2010, and this longstanding tradition…… MORE
