Category Archives: CNN – Business

Meat prices are finally falling — except for hot dogs

Meat prices are finally falling — except for hot dogs

Americans finally got some relief in the grocery store last month as prices fell. Food prices overall fell a seasonally adjusted 0.4% in July, the first decrease since April of last year, the Bureau of Labor Statistics reported Wednesday. Prices of food for the home fell 1.1% in July, compared to an increase of 0.7%…MORE

Black women with natural hairstyles are less likely to get job interviews

Black women with natural hairstyles are less likely to get job interviews

Black women with natural hairstyles including curly afros, twists or braids are less likely to get job interviews than White women or Black women with straightened hair, new research shows. Participants in the studies, carried out by researchers from Duke University’s Fuqua School of Business, perceived natural Black hairstyles as less professional, and the effect…MORE

Britain finally has something ‘world beating.’ A deep recession

Britain finally has something ‘world beating.’ A deep recession

Britons woke up this morning to news that the UK economy shrunk by 20.4% in the second quarter, the worst slump on record and the biggest drop of any major global economy. The crash follows a 2.2% contraction in the first quarter, meaning the economy is officially in recession. The country’s finance minister, Rishi Sunak,…MORE

Sumner Redstone, billionaire media mogul, dead at 97

Sumner Redstone, billionaire media mogul, dead at 97

Sumner Redstone, a media titan and billionaire who, as chairman of Viacom and National Amusements, drew headlines both for his deal-making as well as his turbulent personal life, died on Tuesday. He was 97. At his peak, Redstone’s sprawling empire included CBS and Viacom, corporations that were the parents of a host of subsidiaries ranging…MORE

The Red Bull heir, a crashed car and the scandal that angered Thailand

The Red Bull heir, a crashed car and the scandal that angered Thailand

Before dawn on September 3, 2012, a roaring black Ferrari struck a police motorcycle in downtown Bangkok, knocking the officer to the ground and dragging his body down the darkened street before speeding away. According to police, a trail of oil leaking from the sports car led investigators to the luxury home of one of…MORE

UK crashes into deepest recession of any major economy

UK crashes into deepest recession of any major economy

UK economic output shrank by 20.4% in the second quarter of 2020, the worst quarterly slump on record, pushing the country into the deepest recession of any major global economy. This crash in GDP in the April-June period, compared with the first quarter, is the worst since quarterly records began in 1955. Industries most exposed…MORE

New York’s MTA is asking Apple to create a Face ID that works with masks

New York’s MTA is asking Apple to create a Face ID that works with masks

New York’s mass transit agency is calling on Apple to create a Face ID that works with masks in an effort to help slow the spread of coronavirus on the city’s buses and subways. Patrick Foye, the CEO of the Metropolitan Transportation Authority, sent a letter to Apple CEO Tim Cook — which was obtained…MORE