Category Archives: CNN – Business

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

Trump regulators deal a blow to leading coal companies

Trump regulators deal a blow to leading coal companies

Federal regulators filed a lawsuit Wednesday seeking to kill an alliance between America’s two largest coal mining companies. The Federal Trade Commission’s decision, supported by two Republicans appointed by President Donald Trump, deals a blow to the turnaround efforts of Peabody Energy and Arch Coal from their 2016 bankruptcy filings. It also poses another setback…MORE

Another coronavirus vaccine sends a biotech’s stock soaring

Another coronavirus vaccine sends a biotech’s stock soaring

The race is on to find a vaccine for the deadly Wuhan coronavirus — and another drug company said Wednesday that it hopes it will be able to develop a successful drug. Small biotech firm Novavax said in a press release Wednesday that it has made “progress in its efforts to develop a novel vaccine…MORE

George Clooney ‘saddened’ by allegations of Nespresso child labor

George Clooney ‘saddened’ by allegations of Nespresso child labor

Oscar-winning actor George Clooney says Nespresso still has “work to do” after an investigation claimed to uncover child labor at six of its suppliers in Guatemala. The 58-year-old star, who has been the company’s brand ambassador since 2006, said he was “surprised and saddened” by allegations made in an upcoming episode of the UK documentary…MORE