Category Archives: CNN – Business

Disney CEO explains why it’s safe to go back to Disney World

Disney CEO explains why it’s safe to go back to Disney World

Disney World is set to reopen, but is it safe to return to the “most magical place on earth”? Disney CEO Bob Chapek believes so. The Disney resort located in Orlando, Florida plans to reopen on July 11 for its Magic Kingdom and Animal Kingdom parks and July 15 for EPCOT and Hollywood Studios, the…MORE

Historic SpaceX launch postponed due to weather

Historic SpaceX launch postponed due to weather

SpaceX and NASA will have to wait at least a few more days for their historic spaceflight. Launch officials announced at 4:17 p.m. Wednesday that rough weather would prevent a SpaceX rocket and capsule from taking off from a Florida launch pad, carrying NASA astronauts Robert Behnken and Douglas Hurley on the first crewed spaceflight…MORE

Starbucks mugs and tumblers are in hot demand from bargain hunters

Starbucks mugs and tumblers are in hot demand from bargain hunters

Forget Gucci, Chanel or Louis Vuitton. It’s Starbucks that’s emerged as a hot brand for bargain hunters. Shoppers in the past several weeks have flocked to popular resale marketplaces like Poshmark and OfferUp to score mugs, tumblers and cups bearing the Seattle-based chain’s brand. Poshmark CEO Manish Chandra said a pandemic-triggered nostalgia for Starbucks drinks…MORE

Boeing lays off nearly 7,000 workers

Boeing lays off nearly 7,000 workers

Boeing laid off 6,770 workers Wednesday, part of a plan to reduce 16,000 total jobs because of the rapid decrease in air travel during the Covid-19 pandemic. “We have come to the unfortunate moment of having to start involuntary layoffs,” CEO Dave Calhoun said in a message to employees Wednesday. “I wish there was some…MORE

Tuesday Morning files for bankruptcy and will close 230 stores

Tuesday Morning files for bankruptcy and will close 230 stores

Discount home goods retailer Tuesday Morning filed for bankruptcy, blaming Covid-19 for prolonged store closures that caused an “insurmountable financial hurdle.” The Dallas-based chain said Wednesday it will permanently close approximately 230 of its nearly 700 US stores in cities where “too many locations are in close proximity.” The first phase of closures, which includes…MORE