The S&P 500 is plunging at unprecedented speed

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. US stocks have already notched their worst week since the global financial crisis. The pain is deepening on Friday. What’s happening: Global stocks have entered their seventh straight trading day in the…MORE

The music industry was left for dead a few years ago. Now it’s booming again

The music industry was in crisis just a few years ago. Sales were cut in half from their peak as single downloads, YouTube and piracy made the CD album go virtually extinct. But music has found its white knight: streaming. Last year, recorded music revenues in the United States went up by 13% to $11.1…MORE

Geneva car show canceled as coronavirus spreads in Europe

Next week’s Geneva Motor Show has been canceled because of coronavirus fears, striking a marquee event from the global auto industry’s calendar as it braces for a third year of recession. Switzerland’s Federal Office of Public Health on Friday said that gatherings of more than 1,000 people had been banned through at least March 15…MORE

Tokyo Disney parks closing for two weeks over coronavirus

Disney is closing down its theme parks in Japan as the novel coronavirus outbreak in that country escalates. Tokyo Disneyland and DisneySea will shut down on Saturday and stay closed through March 15, the parks’ operator Oriental Land announced on Friday. The closure comes in the wake of a request by Japan’s government to cancel…MORE

Chicago Tribune shakeup rankles newsroom staffers

Chicago Tribune staffers on Thursday learned about a massive shakeup in its masthead through a series of morning emails. Editor-in-chief Bruce Dold and Managing Editor Peter Kendall were leaving. Colin McMahon, senior vice president and chief content officer at the newspaper’s parent company Tribune Publishing, would take over as editor in chief. The departures of…MORE

Global stocks plummet again in worst week since 2008 financial crisis

Global stock markets plummeted for a seventh consecutive day on Friday as the coronavirus continued to spread, increasing fears that the epidemic will wipe out corporate profits and push some of the world’s biggest economies into recession. China’s Shanghai Composite closed down 3.7%, bringing losses for the week to 5.6%, the index’s worst performance since…MORE

Buy shares of this mask supplier to survive the selloff: analysts

As the deadly coronavirus sweeps the globe and slams businesses across multiple industries, one company could dodge the selloff. Best known as the maker of Scotch tape and Post-It notes, 3M also happens to be one of the largest producers of N95 respirators, the type of mask that more efficiently protects people against the virus…MORE


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