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Monthly Archives: November 2022

Ad market worse now than during pandemic lows, David Zaslav says

David Zaslav Anjali Sundaram | CNBC The advertising market is currently weaker than at any point during the coronavirus pandemic slowdown of 2020, Warner Bros. Discovery Chief Executive David Zaslav said at an investment conference Tuesday. If the ad market doesn’t improve next year, “it’s going to be hard” to …

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Amazon Clinic to provide virtual healthcare for allergies, acne and more

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sport | Getty Images Amazon is expanding its healthcare …

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Wholesale prices rose 0.2% in October, less than expected, as inflation eases

Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday. The produce price index, a measure of the prices that companies get for finished goods in the marketplace, rose 0.2% for the month, against the Dow …

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Charlie Munger calls the success of Elon Musk’s Tesla a ‘minor miracle’ in the car business

Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company Tesla, calling it an amazing feat in the American auto industry. “I was certainly surprised that Tesla did as well as it did,” Munger said in an interview with CNBC’s Becky Quick that aired on “Squawk Box” on …

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Apple rolls out iPhone emergency SOS via satellite. Here’s how to use it

Apple is trying to give iPhone users a measure of safety even when they’re in a place without cell service. On Tuesday, the company unveiled emergency SOS via satellite, which allows users to text emergency services when they’re off the grid, whether camping in the mountains or driving in a …

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Lucid reveals lower-cost Air electric luxury sedans

Lucid Air Courtesy: Lucid Motors Luxury electric vehicle maker Lucid Group on Tuesday revealed several new versions of its Air sedan – including its lowest-cost model yet. CEO Peter Rawlinson said in an interview with CNBC’s Phil LeBeau the Lucid Air Pure will start at $87,400. An all-wheel drive version …

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Charlie Munger says crypto is a bad combo of fraud and delusion — ‘good for kidnappers’

Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malicious combination of fraud and delusion. “This is a very, very bad thing. The country did not need a currency that was good for kidnappers,” Munger said in an interview with CNBC’s Becky Quick. “There are …

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FTX says could have over 1 million creditors in new bankruptcy filing

FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images Beleaguered cryptocurrency exchange FTX may have more than …

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Analyst skeptical over what it means for US-China trade

U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders’ summit in Bali, Indonesia, on Nov. 14, 2022. Kevin Lamarque | Reuters The closely watched meeting between the leaders of the world’s two largest economies was seen as a positive sign for the future …

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G-20 nations to condemn Russia’s Ukraine invasion as Lavrov watches on

NUSA DUA, INDONESIA – NOVEMBER 15: Minister of Foreign Affairs of the Russian Federation Sergey Lavrov arrives at the formal welcome ceremony to mark the beginning of the G20 Summit on November 15, 2022 in Nusa Dua, Indonesia. The G20 meetings are being held in Bali from November 15-16. (Photo …

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