Category Archives: CNN – Business

CNBC’s Rick Santelli starts shouting match on air over Covid-19 restrictions

CNBC’s Rick Santelli starts shouting match on air over Covid-19 restrictions

CNBC anchor Rick Santelli is once again under fire for misguided comments about coronavirus after a screaming match erupted on air Friday morning during a discussion about how businesses are coping with the pandemic. Santelli argued that it didn’t make sense for restaurants to shut down to prevent the spread of Covid-19 when big-box retailers…MORE

£50 billion in UK banknotes is ‘missing.’ Nobody has an explanation

£50 billion in UK banknotes is ‘missing.’ Nobody has an explanation

Here’s a head-scratcher: The use of cash has been declining for years in Britain, but demand for banknotes is skyrocketing. Nobody is quite sure where the money is going. A group of UK lawmakers said on Friday as much as £50 billion ($67.4 billion) in cash was “missing,” and it urged the Bank of England…MORE

Stocks rally to new record highs on jobs day

Stocks rally to new record highs on jobs day

Stocks soared to new all-time highs Friday — even though the government reported a lower-than-expected increase in jobs in November. Investors appear to be betting that the weaker jobs gains will put more pressure on the outgoing Trump administration and Congress to approve more stimulus before Joe Biden is inaugurated next month. The Dow was…MORE

What’s next for America’s favorite news podcast

What’s next for America’s favorite news podcast

The New York Times’ podcast “The Daily” typically airs every day of the week except for Saturdays. But on November 7, a major news event took place that warranted a special Saturday episode. That event also proved to be a turning point in the podcast’s history. “Alex, Maggie, Jim, thank you for joining us on…MORE

More oil is about to hit markets. Wall Street isn’t scared

More oil is about to hit markets. Wall Street isn’t scared

Saudi Arabia, Russia and other oil producing countries have agreed to start pumping more oil next month, even as the coronavirus pandemic continues to cloud the outlook for demand. But that’s not dissuading investors, with crude prices at their highest level since early March. What’s happening: Brent crude futures, the global benchmark, are trading at…MORE

The US added just 245,000 jobs in November as labor market stalls

The US added just 245,000 jobs in November as labor market stalls

The US economy added 245,000 jobs in November on a seasonally adjusted basis, the Bureau of Labor Statistics reported Friday. It was 224,000 fewer than economists had expected, as the recovery continues to slow. The unemployment rate inched down to 6.7%, from 6.9% in October. But the drop occurred because more workers left the labor…MORE

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