Category Archives: CNN – Business

Some markets are hitting their highest levels since March. But huge risks remain

The end of the strictest phases of lockdowns in some countries is triggering euphoria in financial markets, with US futures rising sharply and Europe’s Stoxx 600 index hitting its highest level since early March. What’s happening: Japan said it would end its state of emergency on Monday, while UK Prime Minister Boris Johnson said the…MORE

Aston Martin replaces CEO Andy Palmer with Mercedes-AMG chief

Aston Martin has replaced CEO Andy Palmer with the current head of Mercedes-AMG as the ailing luxury sports carmaker tries to revive its fortunes. The company named 54-year old Tobias Moers as its new CEO in a statement Tuesday. Palmer, who has held the role since 2014, will step down at the end of this…MORE

Latin America’s largest airline, LATAM, files for Chapter 11 bankruptcy

LATAM Airlines Group, the largest air carrier in Latin America, filed for Chapter 11 bankruptcy on Tuesday, according to a statement released on its website. Reservations, employee pay, flight vouchers as well as passenger and cargo operations will not be affected, according to the statement. “The U.S. Chapter 11 financial reorganization process provides a clear…MORE

Global stocks rise as ‘re-opening optimism’ takes hold

Global stocks rise as ‘re-opening optimism’ takes hold

Global stocks and US futures rose on Tuesday, as a growing number of cities and countries around the world take steps toward re-opening their economies. Japan’s Nikkei 225 was among the biggest winners in Asia, climbing 2.6% after Prime Minister Shinzo Abe on Monday lifted the state of emergency for the entire nation and gave…MORE

Delta and United Airlines caught up in rising US-China tensions

Delta and United Airlines caught up in rising US-China tensions

Rising tensions between the United States and China are spilling over into the airline industry. Washington has accused Beijing of blocking American carriers from resuming flights to China, prompting US authorities to more heavily scrutinize Chinese airlines. The tit-for-tat began last week after the US Department of Transportation claimed that regulators in Beijing were “making…MORE

Twitter remains silent about Trump’s appalling attack against Joe Scarborough

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. President Trump’s appalling tweets have real world consequences. Take his reckless posts about MSNBC host Joe Scarborough. For the past few weeks, Trump has been insinuating that Scarborough was responsible for the 2001 death of…MORE

Want to buy a used car? Rental car companies are offering up some good deals

Want to buy a used car? Rental car companies are offering up some good deals

With travelers staying close to home and airports turned into virtual ghost towns, rental car companies have taken a huge hit during the coronavirus pandemic. On Friday Hertz, which also operates the Dollar and Thrifty agencies, declared bankruptcy. Industry experts expect the company to sell off a large portion of its fleet. And that should…MORE

Health care stocks are solid, but some remain a big gamble

Health care stocks are solid, but some remain a big gamble

Investors can thank health care stocks for a chunk of the stock market’s rally. The S&P 500 healthcare sector has risen 33.5% since March 23, when the S&P 500 hit its recent low. That beats the broader index’s 32% gain in the same period. Both small and large companies have benefited from investor hopes that…MORE