CNN Business
It's not wrong to be creeped out by FaceApp
- Title
- It's not wrong to be creeped out by FaceApp
- Runtime
- 4:20
- Date posted
- 7 years ago
- Description
- FaceApp is fun, it's free, but the existential dread you feel when you stare into the eyes of your elderly self might not be the creepiest thing about the app. CNN's Jon Sarlin looks into why apps like FaceApp could be more than they seem.
#Tech #FaceApp #CNNBusiness
- Title
- Fed member predicts US-China trade deal won't end uncertainties
- Runtime
- 8:35
- Date posted
- 7 years ago
- Description
- St. Louis Federal Reserve Bank President James Bullard says that volatility from trade uncertainty won't end even if the US makes a trade deal with China.
#Bullard #China #CNNBusiness
- Title
- Fed member says rate cut is needed as trade war insurance
- Runtime
- 7:41
- Date posted
- 7 years ago
- Description
- The market widely expects the Federal Reserve to cut interest rates at its next meeting on July 31. But that's a month too late, according to St. Louis Federal Reserve president James Bullard.
Bullard, speaking in an exclusive interview with CNN's Julia Chatterley on the First Move show Thursday, said the Fed should cut rates now and do so one more time later this year -- mainly due to worries that a trade war with China, Europe and other parts of the world could hurt the US economy.
"Trade uncertainty used to be relatively low. This used to be an issue that was on the back burner," Bullard said. "The president moved it to the front burner. Now I think trade uncertainty is high and I don't see that declining anytime soon."
Read more here: https://www.cnn.com/2019/07/18/investing/james-bullard-st-louis-fed/index.html
#Bullard #FederalReserve #CNNBusiness
- Title
- The hidden environmental costs of rush shipping
- Runtime
- 3:47
- Date posted
- 7 years ago
- Description
- Super fast shipping is the new standard in online shopping. But tight delivery windows can hurt efficiency and, ultimately, the environment. Here's what you can do to lessen your impact.
Produced by Richa Naik & John General
#CNN
#Business
#ClimateChange
CNN Business brings you the latest news about the companies, personalities, and innovations that are driving business forward.
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- Title
- Why these retro tech gadgets are still so popular
- Runtime
- 3:03
- Date posted
- 7 years ago
- Description
- That beaten up Walkman buried in your basement might be someone's hot new accessory. The retro tech market is alive and kicking.
In May, Apple refreshed the iPod touch for the first time in four years. Vinyl record sales clocked in at 400 million on average over the past four years, according to data from data tracker Statista. DVD player sales are trending downward, but they still consistently hit four million units sold every holiday quarter, even as recently as 2018.
Other gadgets that have stayed the course: camcorders, radios, clock radios, desk phones, and DVRs. Millions of these are still in use in US households in 2017, according to Statista.
CNN Business explains the trend of retro tech.
#CNNBusiness
- Title
- Jerome Powell hints that Federal Reserve may cut rates
- Runtime
- 9:20
- Date posted
- 7 years ago
- Description
- During his testimony before a House Financial Services committee, Federal Reserve chairman laid out the conditions of the US economy that may hint that the central bank will move to cut interest rates.
#CNNBusiness #JeromePowell #FederalReserve
- Title
- Billionaire Ross Perot dies at age 89
- Runtime
- 7:18
- Date posted
- 7 years ago
- Description
- Ross Perot, the billionaire tycoon who mounted two unsuccessful third-party presidential campaigns in the 1990s, died Tuesday, family spokesman James Fuller confirmed to CNN. He was 89.
#CNNBusiness
- Title
- Bill Gates calls Steve Jobs a 'wizard' who saved Apple
- Runtime
- 4:47
- Date posted
- 7 years ago
- Description
- Steve Jobs was a wizard who "cast spells on people" to help keep Apple afloat during the company's darkest days, according to longtime rival Bill Gates.
The Microsoft (MSFT) founder discussed his and Jobs' leadership styles with CNN's Fareed Zakaria Sunday. Both men are known for being tough leaders who foster an intense workplace culture.
Gates said people often emulate the negative elements of the Apple (AAPL) founder's personality, but Jobs was also a unique leader who took Apple from near-death to its pedestal as the most valuable company in the world (before Microsoft usurped that crown this year). Apple was on the verge of bankruptcy when Jobs rejoined the company in the late 1990s; it is now worth just shy of $1 trillion.
#SteveJobs #BillGates #Apple #CNNBusiness
- Title
- Trump rips Federal Reserve (again), renews call for rate cut
- Runtime
- 5:09
- Date posted
- 7 years ago
- Description
- President Donald Trump renewed his calls for the Federal Reserve to lower interest rates, despite a surprisingly strong jobs report.
"If we had a Fed that would lower interest rates, we would be like a rocket ship," Trump said, predicting the economy would boom even more if interest rates were lower.
The US economy added 224,000 jobs in June, a sharp uptick from disappointing numbers in May, according to the latest report by the Bureau of Labor Statistics.
The central bank has held rates steady, backing off a plan to steadily raise them this year but taking a cautious approach to avoid setting off inflation.
Read more here: https://www.cnn.com/2019/07/05/politics/federal-reserve-trump-powell-interest-rates/index.html
#CNNBusiness
- Title
- Analysis: Jobs spike makes it tough to cut interest rates
- Runtime
- 6:12
- Date posted
- 7 years ago
- Description
- CNN's Rana Foroohar says that June's strong job report is going to make it very difficult for the Federal Reserve to justify a rate cut that the Trump administration has been pushing for.
The US economy added 224,000 jobs in June, a strong comeback for the labor market after a disappointing May.
The unemployment rate rose to 3.7%, the highest level since March 2019 but still historically low.
The number substantially beat the expectations of analysts, who had forecast a drag on jobs because of business uncertainty around high trade tensions as well as a lackluster housing market.
#jobsreport #CNNBusiness #fed
- Title
- 'Stranger Things 3' inspires 1980's brand nostalgia
- Runtime
- 4:18
- Date posted
- 7 years ago
- Description
- Netflix is marketing its hit show "Stranger Things" by partnering with about 75 of the world's biggest brands. The streaming service hopes it will help attract fans of 1980's nostalgia. CNN's Clare Sebastian reports.
#StrangerThings #CNNBusiness #Netflix
- Title
- Tenants pay $1,200 a month to rent these bunk beds
- Runtime
- 3:03
- Date posted
- 7 years ago
- Description
- PodShare is building co-living space where tenants pay to rent a "pod," or bunk bed, in one of its San Francisco or Los Angeles locations.
#Podshare #SanFrancisco #CNNBusiness
- Title
- Why Christine Lagarde is good choice for ECB president
- Runtime
- 5:09
- Date posted
- 7 years ago
- Description
- Christine Lagarde, the current head of the International Monetary Fund, is not an economist but she's been tapped to be the next president of the European Central Bank.
Allianz Chief Economist Mohamed El-Erian explains why he thinks Largarde is an inspiring choice to head up the ECB.
#ECB #Lagarde #CNNBusiness
- Title
- How Lee Iacocca became an American icon
- Runtime
- 3:50
- Date posted
- 7 years ago
- Description
- Auto industry icon Lee Iacocca, once one of America's highest profile business executives and credited with rescuing Chrysler from near-bankruptcy in the 1980s, has died. He was 94.
He was instrumental in the creation of the Ford Mustang and the Chrysler minivan.
Iacocca's youngest daughter confirmed he passed away of natural causes Tuesday. He is survived by two daughters and eight grandchildren.
Read more here: https://www.cnn.com/2019/07/02/business/lee-iacocca-obituary/index.html
#Iacocca #Crhysler #CNNBusiness
- Title
- He designed the iPhone. Now Jony Ive is leaving Apple
- Runtime
- 3:02
- Date posted
- 7 years ago
- Description
- Apple's chief design officer, Jony Ive, is leaving the company after nearly 30 years..
Ive will start his own design company, and Apple will be one of its primary clients. He'll continue to work closely on projects for Apple (AAPL).
Ive was instrumental in establishing Apple's sleek design aesthetic. He and Steve Jobs partnered on a remarkable run of products, ranging from candy-colored iMacs to the iPod and the original iPhone, that revived Apple's fortunes and made it the most valuable company in the world. His work earned him design awards, a knighthood and the company of celebrities like Bono.
#JonyIve #Apple #CNNBusiness
- Title
- Trump slams Federal Reserve chief: I have the right to fire him
- Runtime
- 5:11
- Date posted
- 7 years ago
- Description
- CNN's Christine Romans says President Donald Trump ripped Federal Reserve chairman Jerome Powell during an interview on Fox Business Channel to send a signal that he wants the Federal Reserve bank to lower interest rates.
#JeromePowell #FederalReserve #CNNBusiness
- Title
- Disney heiress says the wealthy should be taxed more
- Runtime
- 4:50
- Date posted
- 7 years ago
- Description
- Disney heiress Abigail Disney explains to CNN's Don Lemon why she's a proponent of a federal wealth tax to help address income inequality.
Disney is one of more than a dozen of the richest Americans who have a message for 2020 presidential candidates: Tax us more.
In a letter sent to candidates, 18 members of some of the nation's wealthiest families advocated for a wealth tax on people who amassed great personal fortunes, including themselves.
"We are writing to call on all candidates for president, whether they are Republicans or Democrats, to support a moderate wealth tax on the fortunes of the richest one-tenth of the richest 1% of Americans -- on us," said the letter, which was first published in the New York Times.
#Disney #WealthTax #CNNBusiness
- Title
- SpaceX calls Falcon Heavy launch its most difficult mission
- Runtime
- 3:41
- Date posted
- 7 years ago
- Description
- A SpaceX Falcon Heavy rocket, the most powerful launch vehicle in the world, roared into the sky overnight for what CEO Elon Musk called the "most difficult launch" his rocket company has ever attempted.
The rocket carried an eclectic batch of 24 experimental satellites into space. Getting the devices to their intended orbits was expected to take hours and require some complicated maneuvering.
SpaceX's customer for this mission, dubbed STP-2, is the US Department of Defense, a key customer that commercial companies such as SpaceX rely on for lucrative launch contracts. That is to say, SpaceX wanted this mission to go off without a hitch — and the primary mission, to safely deliver the rocket's payload into space, appeared to go as planned. CNN's Rachel Crane reports.
#SpaceX #CNNBusiness #ElonMusk
- Title
- Bill Gates would start this kind of company today
- Runtime
- 25:51
- Date posted
- 7 years ago
- Description
- During an event with The Economic Club in Washington, Microsoft founder Bill Gates says that the federal government should help regulate technology firms like Google and Facebook and that if he were 20-years-old today, he would start an artificial intelligence company whose goal would be to teach computers how to read.
#billgates #CNNBusiness
- Title
- What Elizabeth Warren's 'wealth tax' means for the super rich
- Runtime
- 3:09
- Date posted
- 7 years ago
- Description
- CNN's John Avlon takes a closer look at Sen. Elizabeth Warren's (D-MA) proposed "wealth tax" and how it could affect you.
#Warren #WeathTax #CNNBusiness
- Title
- Are US sanctions against Iran working?
- Runtime
- 8:17
- Date posted
- 7 years ago
- Description
- President Donald Trump announced new sanctions against Iran in part to retaliate after the downing of a US drone last week, with the punitive measures targeting Iran's most senior leader, military officials and its top diplomat, Foreign Minister Javad Zarif.
CNN's Richard Quests asks London School of Economics associate professor Rohan Alvandi if the US sanctions are actually working.
#Iran #CNNBusiness #quest
- Title
- What the Federal Reserve's rate cut decision means
- Runtime
- 10:10
- Date posted
- 7 years ago
- Description
- The Federal Reserve held rates steady but raised the prospect for two potential rates cuts this year, as policy makers continue to weigh the right time to act amid concerns over President Donald Trump's trade policies.
Jerome Powell, the president's choice to run the world's most influential central bank, is facing considerable pressure to keep the US economy steady. Concerns are intensifying that Trump's tariff strategy may end up hurting global growth.
The decision also comes as Trump continues to criticize Powell, suggesting he might still be willing to try to demote the country's top central banker.
CNN's Paula Newton talks to Eventshares Chief Investment Officer Ben Phillips and former JPMorgan Chase chief economist Anthony Chan about the impact on the markets and pending trade deals.
#RateCut #JeromePowell #CNNBusiness
- Title
- Why Shake Shack is testing a 4-day work week
- Runtime
- 4:08
- Date posted
- 7 years ago
- Description
- Shake Shack CEO Randy Garutti tells CNN's Christine Romans how the company is competing to retain employees in a hot labor market and his strategy for dealing tariffs and trade as the company expands globally.
#ShakeShack #CNNBusiness #Food
- Title
- What makes Facebook's cryptocurrency different?
- Runtime
- 2:55
- Date posted
- 7 years ago
- Description
- Facebook formally unveiled its highly-anticipated digital currency project. It's called Libra. Facebook (FB) also announced the creation of the Libra Association, an independent organization that will manage the currency, and Calibra, a unit of Facebook that will build applications related to the new digital currency.
Facebook has 2.4 billion users around the world, an audience that could help it spur a bigger mainstream adoption of cryptocurrency than others have yet to generate. At the same time, the announcement comes at a critical moment in Facebook's history. The company is under regulatory and political scrutiny for its massive influence, as well as its mishandling of user data, even as it works to further extend its reach into users' lives.
CNN's Clare Sebastian explains how it will be different than other blockchain cryptocurrencies.
#Facebook #CryptoCurrency #CNNBusiness
- Title
- Amazon condemns Alexandria Ocasio-Cortez for 'starvation wages'
- Runtime
- 3:26
- Date posted
- 7 years ago
- Description
- Rep. Alexandria Ocasio-Cortez criticized Amazon CEO Jeff Bezos for being a billionaire while his company pays its warehouse workers "starvation wages." Amazon says Ocasio-Cortez is "just wrong."
In an interview with ABC News' "This Week," the New York Democrat blasted Amazon, claiming low worker pay contributes to Bezos' status as the world's richest person.
Amazon (AMZN) retorted in a tweet saying the company pays a $15 minimum wage and offers full benefits on employees' first days on the job. The company also noted that it has lobbied to raise the federal minimum wage.
#Amazon #AOC #CNNBusiness
- Title
- Google CEO says YouTube must do better policing hate
- Runtime
- 52:55
- Date posted
- 8 years ago
- Description
- In an exclusive interview with CNN's Poppy Harlow, Google CEO Sundar Pichai talked about how his company must do a better job policing hate on YouTube, the looming antitrust probe by the US government and his journey from not owning a computer to running one of the largest tech companies in the world.
#Google #SundarPichai #CNNBusiness
- Title
- Why tanker attack isn't freaking out oil futures
- Runtime
- 3:08
- Date posted
- 8 years ago
- Description
- CNN's John Defterios explains why oil and crude futures did not sustain a spike following the attack on an oil tanker in the Gulf of Oman when historically, volatility in the Strait of Hormuz would trigger a dramatic move in oil markets.
#Oil #Gulf #CNNBusiness
- Title
- Why the Strait of Hormuz is vital to the world's oil
- Runtime
- 1:46
- Date posted
- 8 years ago
- Description
- The Strait of Hormuz is the only way to move oil from the Persian Gulf to the world's oceans. For that reason, any threats to the area rattle oil markets.
#oilprices #CNNBusiness
- Title
- Spotify is known for music. Now it wants to own podcasts
- Runtime
- 1:02
- Date posted
- 8 years ago
- Description
- Next in Spotify's queue: Podcasts. The music streaming giant re-designed its app to make access to your podcasts as easy as your music library.
#Spotify #Music #CNNBusiness
- Title
- Tyson, KFC to offer meat-free chicken
- Runtime
- 3:00
- Date posted
- 8 years ago
- Description
- Tyson, one of the world's biggest meat producers, is entering the alternative meat space. It's not what you think.
The company said it plans to launch a line of chicken-free (but not egg free) chicken nugget alternatives, as well as burger patties made with a combination of beef and plants.
In a similar move, KFC is jumping on the meat-free bandwagon, launching a vegan version of its signature crispy chicken burger in the United Kingdom.
The fast food chain is calling its first plant-based offering "The Imposter." The burger, which uses a Quorn fillet and vegan mayo, will be sold at select restaurants for four weeks starting June 17.
#KFC #Meatless #CNNBusiness
- Title
- Oil tanker attack sets energy markets on edge
- Runtime
- 4:33
- Date posted
- 8 years ago
- Description
- Crude oil futures surged more than 4% after two tankers were attacked in the Gulf of Oman, a key waterway used to transport energy supplies from the Middle East.
The Japanese owner of the Kokuka Courageous told CNN the 27,000-ton tanker had been attacked "by some sort of shell" off Fujairah, a port in the United Arab Emirates. The ship suffered damage to its starboard hull.
The ship's operator, Singapore-based BSM Ship Management, said in a statement that the Kokuka Courageous was about 14 nautical miles from the coast of Iran.
A second tanker, the Front Altair, was also attacked while sailing between the UAE and Iran, the Norwegian Maritime Agency said in a statement.
#Oman #Tanker #CNNBusiness
- Title
- This could be the fastest sedan ever built
- Runtime
- 0:53
- Date posted
- 8 years ago
- Description
- The new Bentley Flying Spur sedan looks like a limousine, but it can go over 200 miles per hour.
#Bentley #CNNBusiness #Cars
- Title
- Google was once called Backrub? These name changes will surprise you
- Runtime
- 2:12
- Date posted
- 8 years ago
- Description
- Many of the most known companies have rebranded by changing their name — some successfully and some not so much.
#Google #CNNBusiness
- Title
- Why it's getting harder to spot Deepfake videos
- Runtime
- 2:46
- Date posted
- 8 years ago
- Description
- Lawmakers are concerned that deepfake videos could be used to influence the 2020 election. Now the U.S. government is working to create technology to detect them.
#CNN
#Business
#Deepfakes
CNN Business brings you the latest news about the companies, personalities, and innovations that are driving business forward.
Interested in more of CNN Business? Subscribe to our channel: http://bit.ly/3cz80Ta
CNN Business on social media
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- Title
- Fly inside Uber's new air taxi cabin
- Runtime
- 1:27
- Date posted
- 8 years ago
- Description
- Here's what Uber Air's in-flight customer experience will look like. The company plans to offer aerial ridesharing in 2023.
#Uber #CNNBusiness
- Title
- How Coca Cola comes up with new flavors
- Runtime
- 2:46
- Date posted
- 8 years ago
- Description
- New soda flavors aren't always a hit, but Coke CTO Nancy Quan explains how the company tries to use data to get ahead of global trends.
#CocaCola #Coke #CNNBusiness
- Title
- Microsoft unveils new Xbox console dubbed 'Project Scarlett'
- Runtime
- 1:00
- Date posted
- 8 years ago
- Description
- Microsoft has pulled back the curtain on a new Xbox console.
The tech company announced that the console — codenamed 'Project Scarlett' — will debut at the end of next year. Microsoft said it is "four times" as powerful as the Xbox One X and comes with more memory, higher resolution, and better graphics.
"A console should be built and optimized for one thing, and one thing only: games," said Phil Spencer, executive VP of gaming at Microsoft.
What that translates into, according to Xbox staff in a teaser video, is faster loading screens for gamers.
#Xbox #ProjectScarlett #CNNBusiness
- Title
- Why your next hamburger may be meatless
- Runtime
- 2:17
- Date posted
- 8 years ago
- Description
- Beyond Meat's shares soared in its market debut. The popularity of plant-based proteins is part of a meatless revolution that has a number of companies attempting to cash in.
#Meatless #food #CNNBusiness
- Title
- Lab grown meat is Silicon Valley's next big thing
- Runtime
- 2:45
- Date posted
- 8 years ago
- Description
- Meat consumption is one of the biggest factors contributing to climate change and world pollution, according to the UN. But in San Francisco startups such as JUST or New Age Meats have developed a cell-based meat product that tastes and looks like chicken or pork.
#Food #SiliconValley #CNNBusiness
- Title
- May's weak job numbers latest sign of US economic slowdown
- Runtime
- 10:20
- Date posted
- 8 years ago
- Description
- The disappointing May jobs report is just the latest sign that the US economy is running out of gas after a decade-long expansion.
Economists had expressed hope that the labor market would remain solid, despite growing worries about US tariffs imposed on China and Mexico and trade tension with other key partners such as the European Union and Japan.
But Friday's jobs numbers are an undoubtedly troubling sign.
CNN's Christine Romans reports with analysis from Rana Faroohar and Grant Thornton Chief Economist Diane Swonk.
Read more here:
https://www.cnn.com/2019/06/07/investing/jobs-report-economy-slowdown-recession-signs/index.html
#Jobs #Economy #CNNBusiness
- Title
- Why Google and Facebook are terrible for journalism
- Runtime
- 2:42
- Date posted
- 8 years ago
- Description
- Facebook and Google control 60% of the online ad market. Here's why that's bad for journalism -- and democracy.
#CNNBusiness #google #facebook
- Title
- Fiat calls off proposed Renault merger, blames France
- Runtime
- 2:49
- Date posted
- 8 years ago
- Description
- Fiat Chrysler has withdrawn its proposal to merge with French automaker Renault — a deal that would have reshaped the global auto industry and helped the carmakers compete in the race for electric and self-driving vehicles.
The company said Wednesday that it "has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully."
Earlier in the day, Renault (RNLSY) said that the French government had requested its board of directors postpone the vote on the merger.
France, which owns 15% of Renault and is the company's largest shareholder, had previously indicated that it would support a merger if the companies protected French jobs and auto plants.
Renault said in a statement on Thursday that it was disappointed not to be able to pursue the merger, which it said had "great financial merit" and "compelling industrial logic."
#CNNBusiness #Fiat #Renault
- Title
- Humanoid robot can draw pictures from sight
- Runtime
- 1:09
- Date posted
- 8 years ago
- Description
- Ai-Da -- a humanoid robot artist -- can draw people from sight with the help of AI processes and algorithms, and is set to have a solo exhibition at Oxford University.
#CNNBusiness #Robot
- Title
- Carlos Maza rips YouTube over homophobic videos targeting him
- Runtime
- 3:22
- Date posted
- 8 years ago
- Description
- Vox's Carlos Maza speaks with CNN's Jon Sarlin about YouTube's decision to keep up videos from prominent right wing personality Steven Crowder who created videos attacking Maza with homophobic and racist slurs.
#CarlosMaza #StevenCrowder #CNNBusiness
- Title
- Global recession fears fueled by Trump's trade war
- Runtime
- 8:28
- Date posted
- 8 years ago
- Description
- Some economic analysts and forecasters are sounding the alarm that President Donald Trump's trade wars could be leading the global economy toward a crash. CNN's Clare Sebastian reports.
#CNNBusiness #Tariffs #Trump
- Title
- CNN's Stelter rips police raid on Australian TV journalists
- Runtime
- 5:58
- Date posted
- 8 years ago
- Description
- CNN's Brian Stelter calls the police raids on journalists in Australia and the US appalling as advocacy groups warn they challenge the idea of a freedom of the press.
Two police raids in two days on Australia's national broadcaster and a prominent journalist have raised concerns about press freedom in the country.
Police searched the offices of the Australian Broadcasting Corporation (ABC) in Sydney on Wednesday, saying in a statement they were acting on a "referral" from the country's defense forces over "allegations of publishing classified material."
ABC linked the police investigation to a series of stories it published in 2017 called "The Afghan Files," which revealed allegations of unlawful killings and misconduct by Australian special forces in Afghanistan. The network slammed the raids and vowed to stand by its journalists.
"This is a serious development and raises legitimate concerns over freedom of the press and proper public scrutiny of nationa...
- Title
- Google, Facebook, Amazon, Apple face antitrust scrutiny
- Runtime
- 7:00
- Date posted
- 8 years ago
- Description
- Government regulators have negotiated to split up oversight of Google, Facebook, Amazon and Apple, with the Department of Justice and Federal Trade Commission moving toward a new probe of Google, according to reporting by CNN's Brian Fung.
Frustrated that those regulators are moving too slowly, Congress, with support from Democrats and Republicans, will use its investigative power for a top-to-bottom review of the tech industry, and focus on the biggest companies. Congress cannot break up companies under existing laws, but it could cook up new ones -- and Sen. Elizabeth Warren of Massachusetts, who's established herself as Democrats' big ideas leader in 2020, already has a plan to break up the largest tech monopolies.
Warren's gripe is that the largest tech companies favor their own products, something known as "platform privilege," which crowds out every other player.
#facebook #business #CNN
- Title
- Federal Reserve chief Jerome Powell sparks market surge
- Runtime
- 4:02
- Date posted
- 8 years ago
- Description
- US markets are making a turnaround after the Federal Reserve indicated that it would keep the expansion going however possible. CNN's Julia Chatterley and Paul La Monica report.
US markets opened higher, and those gains accelerated after Federal Reserve Chairman Jerome Powell said that the central bank was closely monitoring developments on the trade front.
"As always, we will act as appropriate to sustain the expansion," he said at a monetary policy conference in Chicago.
Powell's remarks came a day after St. Louis Fed President James Bullard said the central bank may need to cut interest rates soon amid concerns about weak inflation and risks to economic growth.
Although Powell didn't echo Bullard's more explicit expectation for a rate cut, investors seems to have heard all they needed to hear.
#Markets #Business #CNN
- Title
- Apple breaks up iTunes, improves sign in
- Runtime
- 5:39
- Date posted
- 8 years ago
- Description
- The music industry has changed dramatically since Apple disrupted the way people buy songs and albums nearly two decades ago. So Apple is phasing out iTunes in favor of three more modern apps.
Apple announced that iTunes will be replaced by a trio of desktop apps called Music, TV and Podcasts -- similar to how these services are already divided on iPhones and iPads. It will still exist as a standalone iOS app and on Windows PCs.
Previous purchases and libraries will be maintained in each new app on Mac computers, a spokesperson told CNN Business.
#apple #business #cnn
- Title
- El-Erian predicts market tantrum unless Fed signals rate cut
- Runtime
- 4:02
- Date posted
- 8 years ago
- Description
- Allianz chief economic adviser Mohamed El-Erian is calling for the Federal Reserve to signal the start of a rate cutting cycle to keep the US markets from having a "tantrum."
