Category Archives: CNN – Business

With Chris Cuomo gone from CNN, another cable news time slot is up for grabs

With Chris Cuomo gone from CNN, another cable news time slot is up for grabs

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Chris Cuomo’s termination by CNN is the latest example of upheaval in television news. The 7pm Eastern hour on Fox News has been home to rotating hosts for nearly an entire year. The 11pm hour…MORE

Britain needs a ‘booster for growth’ as tax hikes threaten investment

Britain needs a ‘booster for growth’ as tax hikes threaten investment

Britain’s economy needs much more investment. Business says it’s unlikely to get it any time soon. The Confederation of British Industry said in its latest forecast that a “short-lived recovery” in capital spending would end in 2023 because of tax hikes on companies. Investment in the United Kingdom has lagged that of other advanced economies…MORE

Canadian employers, facing labor shortage, accommodate the unvaccinated
Graham Hughes/The Canadian Press/AP

Canadian employers, facing labor shortage, accommodate the unvaccinated

Canada’s tight labor market is forcing many companies to offer regular Covid-19 testing over vaccine mandates, while others are reversing previously announced inoculation requirements even as Omicron variant cases rise. Canadian Prime Minister Justin Trudeau’s government adopted one of the strictest vaccine policies in the world for civil servants and has already put more than…MORE

Spotify pulls some comedy content amid royalties dispute
Leon Bennett/Getty Images for BET

Spotify pulls some comedy content amid royalties dispute

Spotify is not joking around amid a dispute over royalties for comedy content. The streaming giant has removed the work of hundreds of comedians from its platform — including Tiffany Haddish, Kevin Hart and the late Robin Williams — according to rights agency Spoken Giants. Spoken Giants, which represents some of the affected comedians, describes…MORE

Better.com CEO fires 900 employees over Zoom
Matt Rourke/AP

Better.com CEO fires 900 employees over Zoom

Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays. “If you’re on this call, you are part of the unlucky group that is being laid…MORE

Marcus Lamb’s death highlights Christian media’s vaccine problem
CNN

Marcus Lamb’s death highlights Christian media’s vaccine problem

The media may not be paying enough attention to the influence of Christian broadcasters when it comes to Covid-19, CNN chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. Marcus Lamb, who made an anti-vax stance his crusade, died Thursday after being hospitalized for Covid-19. Lamb, a popular Christian televangelist who founded Daystar Television…MORE

Small stocks are getting crushed. That’s a bad sign for the economy
Spencer Platt/Getty Images

Small stocks are getting crushed. That’s a bad sign for the economy

Smaller American companies are getting crushed in the stock market’s recent wild swings. That could be an ominous sign for the economy. The Russell 2000 index, home to companies like Crocs, BJ’s Wholesale and others with an average market valuation of about $3 billion, is now trading more than 10% below its 52-week high. That…MORE

CNN fires Chris Cuomo
CNN

CNN fires Chris Cuomo

CNN said Saturday that anchor Chris Cuomo has been “terminated” by the network, “effective immediately.” The announcement came after an outside law firm was retained to review information about exactly how Cuomo aided his brother, former New York Gov. Andrew Cuomo, when the then-governor was accused of sexual harassment. CNN suspended Cuomo “indefinitely” on Tuesday.…MORE

Former Netflix engineer and accomplice sentenced to prison for insider trading
Bing Guan/Bloomberg/Getty Images

Former Netflix engineer and accomplice sentenced to prison for insider trading

A former Netflix software engineer and his best friend were sentenced Friday for securities fraud, the US Attorney’s Office in the Western District of Washington announced. Their roles in an insider trading ring illegally generated more than $3 million, US attorney Nick Brown said. Sung Mo Jun, 49, was sentenced to two years in prison…MORE

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