Category Archives: CNN – Business

The world plans to produce far more fossil fuel than it should to stay under dangerous climate limits, UN says

The world plans to produce far more fossil fuel than it should to stay under dangerous climate limits, UN says

Ahead of a critical global climate conference in November, a UN report released Wednesday shows that many of the world’s largest fossil fuel producers are still planning to ramp up production in the coming years, and will be burning far more fossil fuels in 2030 than what is consistent with global climate pledges. The UN…MORE

Fox News anchor Neil Cavuto tests positive for Covid-19
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Fox News anchor Neil Cavuto tests positive for Covid-19

Fox News anchor Neil Cavuto has tested positive for Covid-19. Cavuto, who has been public about his health challenges over the years, including a nearly 25-year journey with multiple sclerosis, was off his afternoon Fox program on Tuesday as a result of the diagnosis. “While I’m somewhat stunned by this news, doctors tell me I’m…MORE

Netflix adds 4.4 million subscribers, praises ‘Squid Game’
Noh Juhan/Netflix

Netflix adds 4.4 million subscribers, praises ‘Squid Game’

Netflix now has 213.5 million subscribers globally, having added 4.4 million subscribers in the third quarter of 2021, the company reported on Tuesday. That number beat the streaming service’s own expectations as well as those of analysts. The company also forecast that it would have 222 million subscribers for the next quarter. The results immediately…MORE

Wanted: 80,000 truck drivers to help fix the supply chain
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Wanted: 80,000 truck drivers to help fix the supply chain

The trucking industry is short 80,000 drivers, a record high, Chris Spear, President and CEO of the American Trucking Association, tells CNN. That’s a 30% increase from before the pandemic, when the industry already faced a labor shortage of 61,500 drivers. “That’s a pretty big spike,” Spear added. Many drivers are retiring, dropping out of…MORE

Why some say the worst of the supply chain woes are near an end
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Why some say the worst of the supply chain woes are near an end

Forget about The Grinch: It looks like supply chain disruptions may steal Christmas this year. But will these problems be resolved by early 2022? Several retailers, manufacturers and economists have all warned that global supply chain constraints will lead to not only fewer discounts during the holidays but also result in a potential dearth of…MORE

CNN’s John King discloses he is immunocompromised

CNN’s John King discloses he is immunocompromised

“CNN anchor and Chief National Correspondent John King told viewers on Tuesday that he has multiple sclerosis and is immunocompromised.” “I’m going to share a secret I’ve never shared before,” King said. “I have multiple sclerosis. So I’m grateful you’re all vaccinated.” The disclosure came on King’s program, “Inside Politics,” during a discussion about how…MORE

Biden’s stimulus plan is fueling short-term inflation, SF Fed paper finds
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Biden’s stimulus plan is fueling short-term inflation, SF Fed paper finds

President Joe Biden’s $1.9 trillion American Rescue Plan is contributing to elevated inflation but it isn’t expected to overheat the economy, a new research paper from the San Francisco Federal Reserve concludes. The package signed into law in March included stimulus checks, enhanced unemployment benefits, small business loans, aid to state and local governments and…MORE

These toiletry items may soon be more expensive
Mihai Andritoiu/Alamy Stock Photo

These toiletry items may soon be more expensive

Procter & Gamble, one of the country’s largest consumer goods manufacturers, said Tuesday that it’s raising prices on certain grooming, beauty and oral care products for retail customers to combat higher costs. It’s the latest round of price hikes announced by the company. Other major consumer manufacturers and stores have also increased prices in response…MORE

The first bitcoin ETF finally begins trading
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The first bitcoin ETF finally begins trading

Cryptocurrency investors finally got what they’ve been clamoring for as the first bitcoin-linked, exchange-traded fund launched Tuesday. The ProShares Bitcoin Strategy ETF began trading at $40 a share under the ticker symbol “BITO” and quickly rose about 3%. The ProShares fund is the first of what is expected to be several ETFs that track bitcoin…MORE

Katie Couric says she has no relationship with Matt Lauer
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Katie Couric says she has no relationship with Matt Lauer

Katie Couric says she has “no relationship” with Matt Lauer, her former ‘Today’ co-anchor who was fired in 2017 for inappropriate sexual behavior. She spoke out on her former show Tuesday to promote the release of her new memoir, “Going There.” In an interview with current ‘Today’ host Savannah Guthrie, Couric said the scandal took…MORE

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