Bridget O’Brian, CNN Business Disney has blocked its content from being shown on Dish TV and Sllng TV channels after the companies were unable to reach agreement over a contract extension. The dispute affects access to Disney channels that include ESPN, FX, the Disney Channel and ABC local stations in seven markets. Dish and Sling
Continue Reading By Nathaniel Meyersohn, CNN Business Spam is cool. The 85-year-old canned block of meat has undergone a cultural reinvention. Hormel has sold a record amount of Spam for seven straight years, and 2022 is on pace for another such milestone. The conglomerate behind Skippy and Jennie-O turkey says it can’t make Spam fast enough and
Continue Reading By Matt McFarland, CNN Business Tesla revealed on Friday a prototype of a humanoid robot that it says could be a future product for the automaker. The robot, dubbed Optimus by Tesla, walked stiffly on stage at Tesla’s AI Day, slowly waved at the crowed and gestured with its hands for roughly one minute. Tesla
Continue Reading By Vanessa Yurkevich, CNN Business About 15% of Nick Wishnatzki’s 650-acre family strawberry farm sustained damage from Hurricane Ian. His fields in Duette, Florida, are underwater, and plastic used to protect the carefully prepped fields for planting season in November, were ripped off by Ian’s 100-mph winds. That’s sent Wishnatzki scrambling to get back on
Continue Reading By Vanessa Yurkevich, CNN Business About 15% of Nick Wishnatzki’s 650-acre family strawberry farm sustained damage from Hurricane Ian. His fields in Duette, Florida, are underwater, and plastic used to protect the carefully prepped fields for planting season in November, were ripped off by Ian’s 100-mph winds. That’s sent Wishnatzki scrambling to get back on
Continue Reading By Oliver Darcy, CNN Business Daniel Glaun woke up on Thursday morning not knowing whether or not his home had fallen victim to Hurricane Ian. Glaun, a reporter at the News-Press, the broadsheet that services Fort Myers, Florida, had slept on a mattress cover inside NPR affiliate WGCU’s building, which has become a refuge for
Continue Reading By Paul R. La Monica, CNN Business September was a horrible month for stocks. The Dow fell nearly 9%, its worst monthly drop since March 2020, when pandemic lockdowns started in the United States. The index ended Friday deeply in the red, too. The Dow, a widely watched barometer of America’s stock market that includes
Continue Reading By Tami Luhby and Alicia Wallace, CNN Americans are feeling more positive about the economy and believe inflation will settle down — but plenty of uncertainty is still swirling. The University of Michigan’s consumer sentiment index for September settled in at 58.6, down slightly from preliminary readings of 59.5, according to findings from the school’s
Continue Reading By Matt Egan The apparent sabotage of the Nord Stream pipelines running from Russia underscore Europe’s massive energy vulnerabilities, former US energy regulator Neil Chatterjee told CNN. “It’s a scary situation. They are basically hoping and praying for a mild winter,” Chatterjee, a former commissioner and chairman of the Federal Energy Regulatory Commission, said in
Continue Reading By Matt Egan The apparent sabotage of the Nord Stream pipelines running from Russia underscore Europe’s massive energy vulnerabilities, former US energy regulator Neil Chatterjee told CNN. “It’s a scary situation. They are basically hoping and praying for a mild winter,” Chatterjee, a former commissioner and chairman of the Federal Energy Regulatory Commission, said in
Continue Reading By Nathaniel Meyersohn, CNN Business Add Nike to the list of brands and stores discounting excess merchandise to clear it off shelves. Nike said Thursday its inventory levels soared 65% in North America, its largest market, and 44% overall last quarter from a year ago. After navigating limited supply in 2021 Nike is now carrying
Continue Reading By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could make it the most expensive storm in the state’s history. CoreLogic, a research firm that estimates losses from natural disasters, released the estimate for damages as of Thursday night. The
Continue Reading By Parija Kavilanz, CNN Business Spanx, a brand founded by shapewear pioneer Sara Blakely, has named Kim Jones her successor as CEO. The Atlanta-based company promoted Jones, a longtime Spanx executive, on Friday. Blakely will continue to serve as the chair of Spanx’s board. Jones joined Spanx in 2005 and previously held roles as the
Continue Reading By Matt McFarland, CNN Business GM’s self-driving car subsidiary Cruise said earlier this year that it wants to add as many as 5,000 more robotaxis to American streets, including in San Francisco, where it currently maintains a fleet of fewer than 100 cars. But the city says the robotaxis are already shaping up to be
Continue Reading By Chris Isidore, CNN Business Hurricane Ian may have caused as much as $47 billion in insured losses, according to the latest estimate, which could make it the most expensive storm in the state’s history. CoreLogic, a research firm that estimates losses from natural disasters, released the estimate for damages as of Thursday night. The
Continue Reading By Anna Cooban, CNN Business EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some electricity generators as the cost of Europe’s energy crisis spirals higher. But energy ministers from the 27 EU member states failed to reach an agreement on a proposal by
Continue Reading Martha C. White for CNN Business After hitting an alarming 40-year high in June, the Federal Reserve’s preferred benchmark for consumer inflation is once again flashing a warning sign about the persistence of high prices. The Bureau of Economic Analysis said Friday the Personal Consumption Expenditures price index for August rose by 6.2% from a
Continue Reading By Nicole Goodkind, CNN Business Warnings of global recession are widespread, inflation is persistent and Russia is escalating the crisis in Europe. The macro picture for the economy is bleak, and markets are suffering. But in the midst of all of this turmoil, luxury automaker Porsche managed to make one of the biggest market debuts
Continue Reading By Mark Thompson, CNN Business There was good news and bad in Friday’s revised data about the UK economy. It grew — marginally — in the second quarter of the year, rather than shrinking as previously estimated. But the latest update from the Office for National Statistics also showed that the United Kingdom is the
Continue Reading By Chris Isidore, CNN Business Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The devastating storm is about to make things worse — even for those fortunate enough to escape any damage. For the better part of two decades, the nation’s major insurers have wanted as little
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