Category Archives: CNN – Business

Does BP’s conversion signal the end of Big Oil?

The plunge in oil demand caused by the pandemic won’t fix the climate crisis. But it could force the oil industry to accelerate a shift away from fossil fuels as executives try to carve out a future in clean energy. What’s happening: UBS analysts estimate that earnings in the sector were down 172% on average…MORE

Buffett’s Berkshire Hathaway earnings jumped 87% as it recovers from the pandemic

Buffett’s Berkshire Hathaway earnings jumped 87% as it recovers from the pandemic

Berkshire Hathaway is recovering from a rough start to a year in which it was hard hit by the coronavirus. Its second quarter earnings, released Saturday morning, were up almost 87% from last year, and a big turnaround from its huge first quarter loss. Billionaire Warren Buffett’s industrial and insurance conglomerate is typically considered a…MORE

Wendy’s is eating McDonald’s breakfast

Wendy’s is eating McDonald’s breakfast

On March 2, Wendy’s finally launched its highly anticipated breakfast menu nationwide. Then, two weeks later, the morning commute basically collapsed because of lockdown measures encouraging people to work from home. Wendy’s breakfast should’ve flopped because of this. It didn’t. The appetizing array of new menu items, like the Breakfast Baconator and Frosty-ccino, have been…MORE

The reality of the US jobs rebound: Part-time work and less pay

The reality of the US jobs rebound: Part-time work and less pay

Sarah Thomas is back at her job, but she’s no longer earning enough to pay her bills. That’s because she was offered only 15 to 20 hours a week at her employer, a merchandising company, rather than her former full-time position. On top of that, her hourly pay was cut by $4, to $10. When…MORE

40 million Americans are at risk of eviction without a stimulus bill

40 million Americans are at risk of eviction without a stimulus bill

Up to 40 million Americans could be evicted by the end of this year, according to a new report published Friday by the Aspen Institute. The report warns that the United States may be facing the most severe housing crisis in history if conditions do not change, with up to 43% of renter households facing…MORE

Blogs

Lend a Helping Hand

Lend a Helping Hand

Our older adults have been hit hard by the Covid-19 outbreak, here’s how you can help.

Dave Says: Playing the lottery robs you of your future

Dave Says: Playing the lottery robs you of your future

Dear Dave, I’ve been struggling financially for the past few months, so I’ve been playing the lottery once a week. To me, the chance to win millions is worth a few dollars a month, even if things are tight. Paula   Dear Paula, You’ve told me you’re having money troubles, and at the same time…