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Business

Obama hits Trump on coronavirus; register cases in Spain, USA

CLOSE Former President Barack Obama has targeted President Donald Trump’s COVID-19 response at a demonstration in Philadelphia for Joe Biden. Associated Press Moderna announced Thursday a decisive step in its progress toward winning approval for a COVID-19 vaccine, saying it has secured all 30,000 participants for its Phase 3 study, more than a third of which is of color. “Completing …

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Existing home sales in September jump 9.5%

Pedestrians walk past a home with a “Sold” sign in San Francisco. David Paul Morris | Bloomberg | Getty Images Sales of existing homes rose 9.5% higher than expected in September to a seasonally adjusted annual rate of 6.54 million units, according to the National Association of Realtors. Sales increased 20.9% annually. Sales could be more robust if more homes …

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Latest news about the Covid-19 pandemic

Wall Street gets a fresh look Thursday at the far-reaching economic effects of the coronavirus pandemic with a string of earnings reports and a reading of weekly unemployment claims. Retailers and airlines continue to struggle with lower demand and warn of a slow recovery. US unemployment figures are essentially stuck at about four times the level before the pandemic. The …

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Coke cancels 200 beverage brands

The drinking giant had already announced that it will discontinue some loved ones, if they are outdated, drinks, such as Tab, Zico and Odwalla. Thursday was the first time the company said they would get rid of 200 of them. Reducing the portfolio allows Coca-Cola to focus on its most profitable offerings, the company explained. These include its core products …

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This is what Burger King’s new recyclable packaging looks like

The trial is part of a partnership with TerraCycle’s non-waste delivery platform, Loop. Customers can choose recyclable packaging for menu items such as sandwiches, soft drinks and coffee. They can then return the recyclable sandwich container or beverage cup to the Burger King restaurants to be cleaned and recycled. But for those who participate, the program comes with a price: …

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Why the time is right for these three unloved small cap stocks, says the fourth-generation money manager

Investors will wade through knee-deep income until Thursday as possible election interference rattles markets abound. Our today’s call comes from a New Orleans-based fourth generation money manager. Sandy Villere, portfolio manager at Villere & Co., says his great-grandfather St. Denis, who started the company in 1911 and held it through the Great Depression, had a saying at the right time: …

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HBO Max adds another 8.6 million US subscribers

The company doubled the number of new HBO Max subscribers last quarter and now has 38 million HBO and HBO Max customers. That’s enough to surpass HBO’s goals by the end of the year. AT&T, which owns CNN’s parent company WarnerMedia and the new streaming platform, said on Thursday that “the growth and scope of HBO Max continues to show …

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