Business Archives - Page 43 of 45

YouTube TV Slashes Fees after Losing Disney-Owned Channels in Failed Negotiations

Google’s YouTube TV has slashed its subscription fees after losing over a dozen Disney-owned channels, including ABC and ESPN. YouTube lost the channels after the two companies failed to strike a deal in last-minute contract renewal negotiations. The two firms said in separate statements Friday that the negotiations fell through…

Melania Trump Launches New Blockchain Venture, Company Releases First NFT

Former First Lady Melania Trump has launched her first venture into the non-fungible token (NFT) realm. To coincide with the launch, Melania is releasing her first NFT and launching a new platform that will roll out the token regularly. Some of the proceeds will be going to help children in…

Wholesale Prices Soar to Record Highs, Adding to Broader Inflation Woes

In November, wholesale prices skyrocketed at their fastest annual pace on record. The rise is the lastest inflation-related datapoint adding to broader concerns about the persistence of elevated prices as higher input costs for producers tend to trickle down to consumers. The Labor Department said in a Dec. 14 statement…

As the Economy Slides, Chinese Communist Party Seeks ‘Stability’

The Central Economic Work Conference, the Chinese Communist Party’s annual event where top officials discuss economic priorities for the next year, concluded on Dec. 10. The meeting was highly anticipated as China faces significant economic headwinds going into 2022. The phrase “stability” emerged as the key theme of this meeting,…

Elon Musk ‘Thinking of Quitting’ His Jobs

The world's richest man, Elon Musk, says he’s considering "quitting" his jobs "and becoming an influencer." “Thinking of quitting my jobs & becoming an influencer full-time wdyt,” Musk, the chief executive officer (CEO) of Tesla Inc. and SpaceX, said in the Twitter post, without elaborating. It was not immediately clear…

Business Travelers Fearful as Omicron Disrupts Flights in Europe’s Biggest Airport

London’s Heathrow Airport said that renewed travel restrictions made on the discovery of the Omicron COVID-19 variant is stoking fears among passengers, especially business travelers, who worry they won’t be able to get back home. According to the latest figures published Friday, the demand for air travel, which had started…

Former Ambassador Calls on Advertisers to Boycott China Olympics: ‘Don’t Just Listen to Dollars’

A former U.S ambassador has called on top American advertisers to boycott the Winter Olympic games in Beijing over the Chinese Communist Party's many human rights abuses. Olympic sponsors should “listen to their hearts”—not dollars—and stand up to boycott the upcoming Beijing Winter Olympics, said Sam Brownback, former U.S. Ambassador-at-Large…

USPS Preparing to Ship 12 Billion Items This Holiday Season

The U.S. Postal Service (USPS) has revealed in its latest forecasts that it is preparing to process, ship, and deliver billions of items this Christmas. According to the independent government agency, 12 billion letters, cards, and packages will be sent across the country this holiday season, with more than two-thirds…

Communist China Cuts Banks’ Reserve Requirements in Effort to Stimulate Slowing Economy

The Chinese Communist Party’s central bank has announced it will cut the amount of cash that banks must hold in reserve, according to reports. The move will unlock $188 billion in long-term liquidity to shore up slowing economic growth. The People’s Bank of China (PBOC) said on its website on Dec.…

Communist China Extends Global Mining Dominance, Begins Processing Key Resources

The Chinese Communist Party (CCP) is launching a rare earth metal company as it seeks to extend China's global dominance in mining. The CCP has approved the creation of the “China Rare Earth Group” that will oversee the nation's processing of key resources. The government corporation could launch by the…