News Archives - Page 42 of 44

Procter & Gamble Recalls 32 Aerosol Hair Products over Cancer-Causing Chemical

Procter and Gamble (P&G) has released a voluntary recall list of dozens of hair products due to the aerosol sprays containing a "cancer-causing" chemical. The products were recalled on December 17, after benzene, a human carcinogen chemical linked to leukemia, was detected in them. It is the second massive recall…

Social Media App Parler Plans to Expand Into NFTs

Free-speech focused social media platform Parler has announced that it will expand its business into non-fungible tokens (NFT). In a statement Monday, Parler revealed a move that underpins the rapid growth of the digital asset in recent months. An NFT is a digital asset usually bought with cryptocurrencies or in…

CNN Shuts Down Offices over Rising COVID Cases, Memo Reveals

As COVID-19 cases have recently increased across America, CNN has closed its offices over the weekend, according to the cable "news" station. In a Saturday announcement, the network revealed that only employees who must work onsite will be allowed in its U.S. offices. CNN President Jeff Zucker in a memo…

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…