Money

By Chris Isidore, CNN Business Virtually every US home contains items that came through the ports of Los Angeles or Long Beach. The neighboring ports, a mere two nautical miles from each other, are the two largest in the country, measured by containters handled — with Los Angeles holding the top spot. Imports from Asia

By Matt Egan, CNN Business Facing a mounting supply chain crisis, the White House is exploring whether to deploy the National Guard to ease bottlenecks, though that option is viewed as unlikely, a person familiar with the matter told CNN. Business groups have urged the Biden administration to consider out-of-the-box ideas to address the supply

By Julia Horowitz, CNN Business Procter & Gamble, the consumer goods giant that makes Pampers diapers, Crest toothpaste and Tide detergent, says that running its business is far from simple right now. “Supply chains are under pressure from tight labor markets, tight transportation markets and overall capacity constraints,” Chief Financial Officer Andre Schulten told analysts

By Jordan Valinsky, CNN Business Netflix co-CEO Ted Sarandos has some regrets about how he handled Dave Chappelle’s stand-up special, even though he still stands by Netflix’s decision to stream the controversial act. In an interview with Variety late Tuesday, Sarandos admitted that he “screwed up” the internal communication with Netflix’s staff. He said he

By Rachel Ramirez, CNN Business Ahead of a critical global climate conference in November, a UN report released Wednesday shows that many of the world’s largest fossil fuel producers are still planning to ramp up production in the coming years, and will be burning far more fossil fuels in 2030 than what is consistent with

By Brian Stelter, CNN Business Fox News anchor Neil Cavuto has tested positive for Covid-19. Cavuto, who has been public about his health challenges over the years, including a nearly 25-year journey with multiple sclerosis, was off his afternoon Fox program on Tuesday as a result of the diagnosis. “While I’m somewhat stunned by this

By Frank Pallotta, CNN Business Netflix now has 213.5 million subscribers globally, having added 4.4 million subscribers in the third quarter of 2021, the company reported on Tuesday. That number beat the streaming service’s own expectations as well as those of analysts. The company also forecast that it would have 222 million subscribers for the

By Vanessa Yurkevich, CNN The trucking industry is short 80,000 drivers, a record high, Chris Spear, President and CEO of the American Trucking Associations, tells CNN. That’s a 30% increase from before the pandemic, when the industry already faced a labor shortage of 61,500 drivers. “That’s a pretty big spike,” Spear added. Many drivers are