OneStat.com Web Analytics

Category Archives: CNN – Business

Corona beer stops production

Corona beer stops production

Production of Corona beer is being temporarily suspended in Mexico because of the coronavirus pandemic. Grupo Modelo, the company that makes the beer, posted the announcement on Twitter, stating that it’s halting production and marketing of its beer because the Mexican government has shuttered non-essential businesses. The Anheuser-Busch Inbev-owned company also makes Modelo and Pacifico…MORE

The US economy lost 701,000 jobs in March — worst report since 2009

The US economy lost 701,000 jobs in March — worst report since 2009

The American economy lost more jobs than it gained for the first time in a decade. In March, the economy shed 701,000 jobs, according to the Bureau of Labor Statistics. It was the first time the economy lost jobs in a month since September 2010, and the worst month for American jobs since the depths…MORE

Hotel industry says it will struggle to get by even with government help

Hotel industry says it will struggle to get by even with government help

Less than a month ago, Mitch Patel’s hotel business was booming. His company, Vision Hospitality Group, owns 37 hotels in six states and it had seen record business in January and February, according to Patel. Things were going so well, he was planning to open two more hotels this year, and seven next year. But…MORE

Coronavirus may be upending the rules of the global oil game

Coronavirus may be upending the rules of the global oil game

President Donald Trump set off a record spike for US crude futures on Thursday with a tweet saying he expected Russia and Saudi Arabia to cut production by as much as 15 million barrels per day. US oil prices soared before closing with a record single-day record gain of 25%. Why such enthusiasm? Russia and…MORE

Get ready for wartime levels of national debt and tough choices ahead

Get ready for wartime levels of national debt and tough choices ahead

Governments are launching one rescue package after another in hopes of preventing economic catastrophe as the coronavirus pandemic rampages around the world, shutting down entire industries and costing tens of million of people their jobs. In most countries, political opposition to spending increases funded by borrowing has vanished in the face of a potential global…MORE

Oil prices march higher as OPEC calls for emergency meeting on Monday

Oil prices march higher as OPEC calls for emergency meeting on Monday

OPEC will meet on Monday with Russia and other oil producers in the hope of agreeing supply cuts and ending a brutal price war. The meeting, called by Saudi Arabia, will be held via video conference and will include oil producers from outside the OPEC+ alliance that includes Russia and a few other countries, two…MORE

Chris Cuomo shares covid-19 experience: ‘The beast comes at night’

Chris Cuomo shares covid-19 experience: ‘The beast comes at night’

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. CNN’s Chris Cuomo has become the most visible face of the coronavirus in the United States by giving daily updates about his condition on TV, social media and, on Thursday, at his brother’s New York…MORE