Business News

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February 05, 2020 - 4:35 pm
(NEW YORK) -- After a historic rally that baffled many investors and analysts, Tesla stock had one of its worst days in years Wednesday, plummeting nearly 20%. Shares were trading at $823 when markets opened Wednesday, but fell to $734 by closing time, a more than 17% drop. During intraday trading...
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February 05, 2020 - 12:48 pm
(NEW YORK) -- In another signal of a changing landscape for American retailers, Macy's announced a massive restructuring that would involve shuttering 125 department stores, cutting 2,000 jobs and closing three corporate offices. Once a mall staple, Macy's joins a growing list of brick-and-mortar...
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February 05, 2020 - 11:37 am
(NEW YORK) -- Black History Month is an annual observance celebrating outstanding achievements as well as the history of prestigious African Americans. With that, Nike has tapped various leaders of color to create powerful imagery and spread insight into their individual contributions, goals and...
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February 05, 2020 - 6:41 am
(WASHINGTON) -- Executives from some of the largest e-cigarette companies are set to face questions about their role in the rising rates of e-cigarette use and nicotine addiction among young people in a congressional hearing on Wednesday. Federal officials and lawmakers on both sides of the aisle...
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AP Photo/Richard Drew
KNSS News
February 04, 2020 - 8:46 pm
Disney said its Disney Plus streaming service reached nearly 29 million paid subscribers in less than three months, an impressive start for what the company has positioned as its future as more people drop cable subscriptions.
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February 04, 2020 - 5:40 pm
(NEW YORK) -- Apple, McDonald's and Starbucks are among the growing number of international companies that have closed stores, reduced service or removed staff from China as the coronavirus outbreak continues to dampen global economic activity. As of Tuesday, the virus has killed more than 400...
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A volunteer stands in front of a Communist Party flag as he takes the temperature of a scooter driver at a roadside checkpoint in Hangzhou in eastern China's Zhejiang Province, Monday, Feb. 3, 2020. China sent medical workers and equipment to a newly built hospital, infused cash into financial markets and further restricted people's movement in sweeping new steps Monday to contain a rapidly spreading virus and its escalating impact. (Chinatopix via AP)
KNSS News
February 04, 2020 - 3:34 pm
WASHINGTON (AP) — Hyundai Motors is suspending production in South Korea, a sign that the economic fallout from China's viral outbreak is spreading. For other companies bracing for losses from coronavirus, the damage has so far been delayed, thanks to a stroke of timing: The outbreak hit just when...
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February 04, 2020 - 3:18 pm
(SEOUL, South Korea) -- Hyundai is suspending production lines at its plants in Korea because of supply-chain disruptions in China stemming from the coronavirus outbreak, the South Korean automaker announced Tuesday. "Hyundai Motor will closely monitor developments in China and take all necessary...
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February 04, 2020 - 11:41 am
(NEW YORK) -- The spread of the novel coronavirus has driven down the price of oil and gasoline in the U.S. as China, the world's second-largest oil consumer, is trying to quell the outbreak. "Coronavirus represents a real threat to oil demand," Patrick DeHaan, the head of petroleum analysis at...
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FILE - In this Jan. 29, 2020 file photo, a couple wearing face masks ride an elevator at a nearly empty shopping mall in Beijing. (AP Photo/Mark Schiefelbein, File)
KNSS News
February 04, 2020 - 10:13 am
BEIJING (AP) — Global business is catching a chill from China's virus outbreak. Mink breeders in Denmark called off a fur auction because Chinese buyers can’t attend due to travel curbs imposed to contain the disease. Airlines have canceled 25,000 flights to and within China after ticket sales...
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