Category Archives: CNN – Business

It’s the summer of the RV. Even Trump wants to get one

RV sales and rentals are booming, as Americans look for safe ways to get away during the Covid-19 pandemic. Though RV business suffered during the worst of the pandemic, demand for the vehicles has swelled in recent weeks. Forty-six million Americans plan to take an RV trip in the next 12 months, according to findings…MORE

Journalists of color are fed up and speaking out

Journalists of color are fed up and speaking out

Refinery29 did this week what many brands do to show solidarity with the Black Lives Matter movement: Make a design tweak. The site’s homepage color was changed to black, a stark contrast from its signature bright pink and orange hues. The change did inspire solidarity — but probably not in the way the leaders at…MORE

May’s unemployment numbers were shocking. Here’s how everyone got it so wrong

May’s unemployment numbers were shocking. Here’s how everyone got it so wrong

When the May jobs report dropped Friday morning, the numbers were shocking: US unemployment actually fell, defying virtually all economists’ predictions. How did they get it so wrong? The forecast Economists were expecting the jobs report to show May was yet another horrendous month for workers. Those surveyed by Refinitiv had predicted another 8 million…MORE

White House turns press corps into anti-social distancing props

White House turns press corps into anti-social distancing props

Members of the White House press corps became the latest political prop in President Donald Trump’s quest to reopen the country on Friday. The White House Correspondents Association said the administration’s conduct “violated the federal government’s guidelines on social distancing and needlessly put reporters’ health at risk.” The White House set up press seats for…MORE

Job market starts to bounce back — especially for white and Hispanic Americans

Job market starts to bounce back — especially for white and Hispanic Americans

The economy has begun to recover for many people — particularly for white and Hispanic Americans. The share of white and Hispanic folks who were employed increased last month, after falling precipitously in April, according to the Bureau of Labor Statistics. Some 53.4% of whites and 52.8% of Hispanics were working last month, an increase…MORE

Bentley, Aston Martin and McLaren are slashing thousands of jobs

Bentley, Aston Martin and McLaren are slashing thousands of jobs

British automakers Bentley, Aston Martin and McLaren have announced nearly 3,000 job cuts over the past two weeks as the coronavirus pandemic hammers sales of luxury cars. Bentley said in a statement Friday that it plans to cut 1,000 jobs in the United Kingdom, or about a quarter of its workforce. The company, which was…MORE

Oil prices rise to three-month high ahead of OPEC meeting

Oil prices rise to three-month high ahead of OPEC meeting

Anticipation that OPEC and allied countries will extend record production cuts through July is sending oil prices higher, though the outlook for the second half of the year remains uncertain. Brent crude futures, the global benchmark, rose above $42 per barrel for the first time since early March on Friday. Prices have gained more than…MORE