Category Archives: CNN – Business

EasyJet to slash workforce by 30% as it prepares for years of weak demand

EasyJet to slash workforce by 30% as it prepares for years of weak demand

Low-cost European carrier EasyJet has announced plans to slash its workforce by up to 30% as it overhauls operations to reflect reduced demand for air travel due to the coronavirus pandemic. The company said in a statement Thursday that it will start a consultation with employees in the coming days to reduce staff numbers. It…MORE

Fox News looks the other way as US passes grim 100,000 death milestone

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. To begin her program on Wednesday night, Rachel Maddow walked viewers through the front pages of the nation’s top news organizations. Maddow pointed out that the top headlines across the board were about the United…MORE

Facebook and Twitter clash over fact-checking as Trump threats intensify

Facebook and Twitter clash over fact-checking as Trump threats intensify

For years, Twitter and Facebook have enjoyed a healthy rivalry: They’ve competed for acquisitions, talent and advertising dollars, and sometimes gone so far as to copy each others’ features in the never-ending pursuit to grow their audiences. But the clash between the two tech companies appeared to take on new life this week after Twitter’s…MORE

Disney CEO explains why it’s safe to go back to Disney World

Disney CEO explains why it’s safe to go back to Disney World

Disney World is set to reopen, but is it safe to return to the “most magical place on earth”? Disney CEO Bob Chapek believes so. The Disney resort located in Orlando, Florida plans to reopen on July 11 for its Magic Kingdom and Animal Kingdom parks and July 15 for EPCOT and Hollywood Studios, the…MORE

Historic SpaceX launch postponed due to weather

Historic SpaceX launch postponed due to weather

SpaceX and NASA will have to wait at least a few more days for their historic spaceflight. Launch officials announced at 4:17 p.m. Wednesday that rough weather would prevent a SpaceX rocket and capsule from taking off from a Florida launch pad, carrying NASA astronauts Robert Behnken and Douglas Hurley on the first crewed spaceflight…MORE

Starbucks mugs and tumblers are in hot demand from bargain hunters

Starbucks mugs and tumblers are in hot demand from bargain hunters

Forget Gucci, Chanel or Louis Vuitton. It’s Starbucks that’s emerged as a hot brand for bargain hunters. Shoppers in the past several weeks have flocked to popular resale marketplaces like Poshmark and OfferUp to score mugs, tumblers and cups bearing the Seattle-based chain’s brand. Poshmark CEO Manish Chandra said a pandemic-triggered nostalgia for Starbucks drinks…MORE