Category Archives: CNN – Business

Fox News gets a huge Trump bump during former president’s CPAC speech

Fox News gets a huge Trump bump during former president’s CPAC speech

The Republican base’s commitment to former president Donald Trump showed up like a fist in the air in Sunday’s television ratings. The ratings for Fox News Channel, which have been relatively weak since Trump lost the election last November, spiked Sunday afternoon when he was scheduled to address the CPAC convention in Orlando, Florida. Fox…MORE

Kayleigh McEnany, Trump’s former press secretary, is joining Fox News

Kayleigh McEnany, Trump’s former press secretary, is joining Fox News

Kayleigh McEnany, the last White House press secretary under the Trump administration, is joining Fox News as an on-air contributor. “It is my distinct pleasure today to welcome Kayleigh McEnany to the Fox family. We will be seeing much more of her in the future,” Fox News host Harris Faulkner said on her show Tuesday.…MORE

Wired names Gideon Lichfield of MIT Tech Review as top editor

Wired names Gideon Lichfield of MIT Tech Review as top editor

Wired, the preeminent tech magazine, has its new leader: Gideon Lichfield of MIT Technology Review is coming on as its global editorial director. Wired’s parent company Condé Nast, which also publishes Vogue, The New Yorker and other popular magazines, announced the appointment Tuesday. He starts on March 22. Lichfield is replacing Nicholas Thompson, who was…MORE

John Kerry has a warning for Big Oil

John Kerry had some tough talk for the leaders of Big Oil. The message: embrace clean energy or get left behind. “You don’t want to be sitting there with a lot of stranded assets. You’re gonna wind up on the wrong side of this battle,” Kerry said Tuesday at the energy conference CERAWeek by IHS…MORE

Vaccine delays and skimpy stimulus are holding back Europe’s recovery

Vaccine delays and skimpy stimulus are holding back Europe’s recovery

The United Kingdom is banking on a rapid vaccine rollout to bring its economy back to life this summer, while the United States is pinning its recovery hopes on another giant stimulus package. Europe won’t have either, and it could be left behind. The European Union’s vaccination campaign has been plagued by manufacturing delays, supply…MORE

Hertz has buyers and a plan to emerge from bankruptcy

Hertz has buyers and a plan to emerge from bankruptcy

Two investment firms have agreed to pay a combined $4.2 billion to buy Hertz and take it out of bankruptcy by the early to mid-summer, another sign of growing hopes of a recovery in travel. Hertz, which operates numerous other brands including Dollar and Thrifty, was among the flood of high-profile bankruptcies early in the…MORE

Reporters Without Borders files criminal complaint against Saudi crown prince

Reporters Without Borders files criminal complaint against Saudi crown prince

Reporters Without Borders has filed a criminal complaint in Germany accusing Crown Prince Mohammed bin Salman and other Saudi officials of committing crimes against humanity in the killing of Jamal Khashoggi and the detention of 34 other journalists. The Paris-based media advocacy group said in a statement that it had filed the complaint with a…MORE

Can stocks shrug off bubble talk? Wall Street thinks so

Can stocks shrug off bubble talk? Wall Street thinks so

Financial markets have been rocked by volatility in recent days as investors try to game out how to play the next phase of the pandemic. What’s happening: After plunging 4.9% last week, the tech-heavy Nasdaq Composite rallied 3% on Monday, logging its best day since November. The S&P 500, which dropped 2.5% last week, rose…MORE

Target saw more sales growth in 2020 than the last 11 years combined. Here’s why

Target saw more sales growth in 2020 than the last 11 years combined. Here’s why

The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought online. Target’s 2020 sales increased 19.8% to $93.6 billion from $78.1 billion last year, the company said Tuesday. Digital sales, which include home delivery and in-store pickup, increased 145%. Target’s sales growth of more than…MORE

China is sounding the alarm about a global market bubble

China is sounding the alarm about a global market bubble

One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world. “We are really afraid the bubble for…MORE

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