Category Archives: CNN – Business

Sacha Baron Cohen calls social media ‘the greatest propaganda machine in history’

Sacha Baron Cohen calls social media ‘the greatest propaganda machine in history’

Sacha Baron Cohen has had it with social media. Speaking at the Anti Defamation League’s International Leadership summit on Thursday night, where he was accepting an award, the actor and comedian criticized social media — especially Facebook, Twitter, and YouTube — as “the greatest propaganda machine in history.” Baron Cohen blamed the tech companies for…MORE

Troubled tuna seller Bumble Bee files for bankruptcy

Troubled tuna seller Bumble Bee files for bankruptcy

Bumble Bee Foods filed for bankruptcy on Thursday, blaming its “recent and significant legal challenges.” Taiwanese fish supply chain company FCF Co. plans to put in a $925 million bid for the assets. The deal is expected to be completed within 90 days. Bumble Bee CEO Jan Tharp said in a statement that “it’s been…MORE

Angry savers emailed Janet Yellen: We’re getting crushed by low rates

Angry savers emailed Janet Yellen: We’re getting crushed by low rates

Rock-bottom interest rates have pumped up stock prices, knocked down mortgage rates and supported the creation of countless unicorns in Silicon Valley. Savers, on the other hand, have been crushed by near-zero rates. Some of those savers penalized by the Federal Reserve’s easy money policies have made their displeasure known directly to the central bank’s…MORE

‘Frozen 2’ is about to break more records for Disney

‘Frozen 2’ is about to break more records for Disney

After “Frozen” hit theaters in 2013, it quickly became a cultural phenomenon. It inspired Olaf merchandise, theme park rides, and a Broadway show. The theme song “Let It Go,” was such an earworm that one of the film’s directors apologized to parents who had to listen to it over and over again. “Frozen” turned into…MORE

After Fiona Hill dismantles conspiracy theories, right-wing media goes on the attack

After Fiona Hill dismantles conspiracy theories, right-wing media goes on the attack

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Appearing before Congress Thursday, Fiona Hill deflated right-wing conspiracy theories that Ukraine, and not necessarily Russia, meddled in the 2016 election. Hill said it was a “fictional narrative that has been perpetrated and propagated by…MORE

It’s ‘Groundhog Day’ for the trade-war-obsessed markets

It’s ‘Groundhog Day’ for the trade-war-obsessed markets

Every day the alarm clock rings, and the same will-they-get-a-trade-deal-with-China debate grips the markets. The only difference from the 1993 movie Groundhog Day? Bill Murray is not in this movie. The script goes something like this. The Trump administration expresses optimism. Stocks go up. Reports come out that the sides are far apart. Stocks wobble.…MORE

The world could be headed for a Great Stagnation

The world could be headed for a Great Stagnation

Happy Friday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. For all the chatter about a looming recession in the United States or Europe, it’s important to remember: right now, forecasters don’t expect the global economy to contract. Instead, we’re…MORE

The $4 trillion force propelling US stocks to record highs

The $4 trillion force propelling US stocks to record highs

The Federal Reserve’s rescue of the overnight lending market appears to be having an unintended side effect: it’s juicing the stock market. The September spike in overnight lending rates revealed that the plumbing of the financial markets was broken. Banks and other financial institutions simply didn’t have enough cash. The Fed, acting as a plumber,…MORE