Category Archives: CNN – Business

The US added just 245,000 jobs in November as labor market stalls

The US added just 245,000 jobs in November as labor market stalls

The US economy added 245,000 jobs in November on a seasonally adjusted basis, the Bureau of Labor Statistics reported Friday. It was 224,000 fewer than economists had expected, as the recovery continues to slow. The unemployment rate inched down to 6.7%, from 6.9% in October. But the drop occurred because more workers left the labor…MORE

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

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

Warner Bros. will stream movies on HBO Max the same day they drop in theaters

Warner Bros. will stream movies on HBO Max the same day they drop in theaters

In a momentous decision that could upend the way movies are distributed in the future, Warner Bros., the world’s second-largest movie studio, announced it would stream all of its 2021 movies at the same time they hit theaters. The movies include “Matrix 4,” “Dune,” “Judas and the Black Messiah,” “Space Jam: A New Legacy,” “The…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