Category Archives: CNN – Business

Starbucks is adding oat milk to its menu

Starbucks is adding oat milk to its menu

Starbucks is adding oat milk to its menus across the United States beginning Tuesday as demand for non-dairy alternatives surges. Oat milk has become especially trendy in recent years among coffee drinkers avoiding dairy. Starbucks is serving Oatly, the Oprah Winfrey-backed brand that recently announced plans to go public. Starbucks said that the arrival of…MORE

Warren Buffett sees shades of 1980s crisis in today’s bond market

Warren Buffett sees shades of 1980s crisis in today’s bond market

Warren Buffett is warning that the “pathetic” returns available to bond investors may encourage risky behavior. “Bonds are not the place to be these days,” the legendary investor wrote in Berkshire Hathaway’s annual letter to shareholders, lamenting that the yield on 10-year Treasury bonds has fallen 94% since September 1981. The big picture: Interest rates…MORE

Chinese investment in Australia plunged last year as tensions worsened

Chinese investment in Australia plunged last year as tensions worsened

Trade ties between Australia and China worsened over the past year as the two countries became mired in a diplomatic dispute. Now it appears those problems, and the pandemic, are also hitting investment. Chinese investment in Australia plunged to just over 1 billion Australian dollars ($775 million) in 2020, down 62% from the previous year,…MORE

Wall Street is kicking out yet another big Chinese company

Wall Street is kicking out yet another big Chinese company

A major Chinese oil company that has traded on Wall Street for decades has become the latest casualty of tensions between Washington and Beijing. The New York Stock Exchange announced Friday that it will delist CNOOC, China’s third largest oil company and its largest offshore oil producer. Shares in the firm will stop trading from…MORE

From ‘hoax’ to hope: Why March 2021 may be a turning point for the US

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. March 2020 never really ended. In those unforgettable days — March 11, 12, 13 — the great shutdown reached the US and society changed forever. The notion of a never-ending March became a bleak running…MORE

Mr. Potato Head is the latest weapon in the Fox News culture wars

Mr. Potato Head is the latest weapon in the Fox News culture wars

Mr. Potato Head caused a lot of buzz last week, and Fox News played a big part in that. Over the past week, the plastic toy — and its gender — has been mentioned at least 35 times on Fox News and Fox Business combined. “The conversations about Mr. Potato Head and trans kids or…MORE

How long should movies be in theaters before streaming? Hollywood is trying to find out

How long should movies be in theaters before streaming? Hollywood is trying to find out

With the movie business upended during the pandemic and tilting more towards streaming than cineplexes, Hollywood is rethinking its business model. One significant debate is how long a gap there should be between a film’s theatrical release and its availability on streaming services. Although some studios have tried releasing films simultaneously in theaters and on…MORE

Here’s why 2021 could be a big year for labor unions

Here’s why 2021 could be a big year for labor unions

Rarely has the chasm between rank-and-file-workers and the extremely wealthy been this wide. While millions of people have lost jobs, gone hungry and struggled to pay for their basic needs, billionaires’ wealth soared to new heights in 2020. And although the pandemic made things worse, America’s wealth gap has largely been expanding since the 1980s.…MORE

‘SNL’ has Dr. Fauci hand out coronavirus vaccines on a game show

‘SNL’ has Dr. Fauci hand out coronavirus vaccines on a game show

As more coronavirus vaccines begin to roll out, it may be difficult to know if you’re eligible or not, so “Saturday Night Live” tried to help a few lucky folks on Saturday. The NBC variety show opened with Kate McKinnon’s Dr. Anthony Fauci hosting a new game show called “So You Think You Can Get…MORE