Category Archives: CNN – Business

Powell tells ’60 Minutes’ that US economy is at an ‘inflection point’

Federal Reserve Chair Jerome Powell said the US economy is at an “inflection point,” and that growth and job creation is poised to accelerate. Powell made the comments during an interview that will air Sunday on CBS News’ “60 Minutes.” In a preview of the interview released early Sunday, Powell provided a rosier economic outlook,…MORE

Deal between Korean battery firms is a big lift for US EV makers

Deal between Korean battery firms is a big lift for US EV makers

Two major makers of lithium batteries used for electric vehicles have reached a deal on an intellectual property dispute that threatened to curtail the supply of batteries needed to step up US production of EVs. The deal reached Sunday between South Korean companies LG Energy Solution and SK Innovation will have SK pay LG 2…MORE

Anti-Defamation League CEO: Fox needs to rethink its entire primetime lineup

Anti-Defamation League CEO: Fox needs to rethink its entire primetime lineup

Tucker Carlson sparked a wave of backlash with comments about the so-called “white replacement theory” on his Fox show Thursday evening. In response, Anti-Defamation League CEO Jonathan Greenblatt sent a letter urging Fox to dump Carlson, and now he’s saying the network needs to rethink its entire lineup. “Fox needs to look at their entire…MORE

Will corporate earnings be strong enough to justify the record stocks rally?

Will corporate earnings be strong enough to justify the record stocks rally?

The Dow and S&P 500 are at record highs thanks to Wall Street optimism about Covid-19 vaccines, federal government stimulus, a rebounding global economy and a surge in value stocks. Now it’s time for Corporate America to prove that investors should believe the hype. A slew of big banks and other financial firms will report…MORE

‘SNL’ takes on the Derek Chauvin trial via a Minnesota morning show

‘SNL’ takes on the Derek Chauvin trial via a Minnesota morning show

“Saturday Night Live” opened this week’s episode tackling the news from the Derek Chauvin trial via a Minnesota morning show. The show included two Black anchors, played by Ego Nwodim and Kenan Thompson, and two White anchors, played by Alex Moffat and Kate McKinnon. “It’s been a tough week for news,” Nwodim’s anchor said. “There’s…MORE

Saks Fifth Avenue to stop selling animal fur products

Saks Fifth Avenue to stop selling animal fur products

Saks Fifth Avenue says it will stop selling animal fur products by the end of the 2022 fiscal year both online and in stores. The luxury department store chain said in a statement that under the new policy, it will “no longer offer products from animals raised for the use of their fur, including but…MORE

BBC deluged with complaints over wall-to-wall Prince Philip coverage

BBC deluged with complaints over wall-to-wall Prince Philip coverage

Global interest in the British royal family has boomed recently, mostly due to Harry and Meghan’s bombshell interview with Oprah Winfrey last month and the hit TV series “The Crown.” But after Prince Philip’s death on Friday, media saturation appears to have reached tipping point, in Britain at least. The British Broadcasting Corporation (BBC) opened…MORE

Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much

Jeff Bezos endorsed higher corporate tax rates. But it won’t cost him much

A year ago, Joe Biden, then the presumptive Democratic nominee for president, was picking a fight with Amazon over how little it paid Uncle Sam. Now Biden is president, and Amazon CEO Jeff Bezos is on a lonely island supporting the White House’s plan — to raise corporate taxes. Hardly any other company leaders have…MORE

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