Tag: business

Argentina's Cristina Fernández de Kirchner sentenced to six years in prison for corruption

November 5, 2020

CNN — A court in Argentina on Tuesday sentenced the country’s vice president, Cristina Fernández de Kirchner, to six years in prison and disqualified her from holding public office again after finding her guilty of corruption during her earlier terms as President. Fernández de Kirchner has temporary immunity due to her current role so will…
Rivian owners can't help but gush about their trucks, flaws and all

October 21, 2020

Washington, DC CNN — Denis Wang says he always hated the car-buying process — until he met Rivian. Buying the automaker’s R1T electric pickup was so wonderful that he says he drove 45 minutes to Rivian’s Irvine, California, office to take the Rivian employee who shepherded him through his purchase out for coffee. (Rivian pairs…
This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders

July 20, 2020

New York CNN — Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed plans to slim down in a…
Netflix launches 'Basic with Ads' — its much anticipated commercial-supported plan

July 13, 2020

New York CNN Business — In 2019, Netflix said in a letter to shareholders “we… are advertising free,” and added that being commercial-free is a “deep part of our brand proposition.” That all changed Thursday when the streaming leader launched “Basic with Ads,” the platform’s much anticipated ad-supported subscription plan. The new tier will cost…
Beginner's guide to Mastodon, the Twitter alternative that's on 🔥

May 21, 2020

CNN Business — If you’ve heard the word “mastodon” a lot since Elon Musk took over Twitter in late October, here’s why: The extinct mammal is also the name of a relatively small, formerly little-known social network that has skyrocketed in popularity, as many Twitter users try it out as an alternative for connecting with…
Hive is the latest Twitter alternative to gain steam — and to show how hard it would be to replace Twitter

May 4, 2020

CNN Business — Elon Musk’s rocky takeover of Twitter has already been marked by mass layoffs, resignations and the reinstatement of former president Donald Trump’s account, as well as other controversial figures, leaving many users uncertain about the direction of the platform’s future. Amid the chaos, several Twitter alternatives have reported a surge in new…
Food prices are still surging — here's what's getting more expensive

February 14, 2020

New York CNN Business — Prices at the grocery store continued to soar last month, adding even more pressure to shoppers’ wallets. The food at home index, a proxy for grocery store prices, increased 0.7% in September from the month prior and a stunning 13% over the last year, according to new government data released…