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Hong Kong‘s leading TV broadcaster will not air the Academy Awards next month for the first time in more than half a century. Television Broadcasts Limited (TVB) has been home to the awards in Hong Kong since 1969. Its decision not to broadcast the ceremony this year was “purely a commercial decision,” a spokesperson said.
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Under real world conditions, the Pfizer and Moderna Covid-19 vaccines provide highly effective protection, according to a new report from the US Centers for Disease Control and Prevention. At full vaccination, the vaccines were 90% effective at preventing infections, including infections that had no symptoms. At least 14 days after first dose but before second
Continue ReadingEditor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Tonight: Global banks are, once again, learning about the dangers of excessive leverage; the Great Stuck may be unstuck, but the Suez saga isn’t over; and the housing market has truly
Continue ReadingIf you still aren’t sure what non-fungible tokens are, or NFTs, “Satuday Night Live” might have an answer. The NFT craze made its debut on the late-night show — hosted by former cast member Maya Rudolph — in the form of an explainer-turned-rap skit featuring a parody of US Treasury Secretary Janet Yellen. In the
Continue ReadingThe fallout against Fox News and its alleged role in touting false 2020 election claims has now unfolded into another defamation lawsuit. Dominion Voting Systems filed a $1.6 billion lawsuit on Friday for what it says was an “orchestrated defamatory campaign.” “Fox kept spouting these lies about Dominion… on their airwaves, even while they were
Continue ReadingOne year to the day after workers first stepped inside a new Amazon warehouse in Bessemer, Alabama, a milestone union vote at the facility is coming to an end. Monday is the final day for ballots to be received by the National Labor Relations Board in order to be counted in the election. The vote
Continue ReadingRental car companies have been slashing their fleets during the pandemic, but now that travel is picking up again supply is tight and prices are sky-high. That’s a great opportunity for Turo, a sort of Airbnb for car rentals — which has been growing rapidly as more car owners use its app to rent out
Continue ReadingThe next time you attend a wedding or concert, visit a place of worship, eat indoors at a restaurant or even go to work, you may need to show digital proof of vaccination or negative Covid-19 test results. On Friday, New York became the first state in the United States to roll out a vaccine
Continue ReadingWatch out, Rao’s. There’s a new fancy pasta sauce headed for grocery shelves. The high-end New York-based Italian restaurant Carbone is for the first time selling its pasta sauces online and in some supermarkets, as part of a broader push into consumer packaged foods. Carbone’s parent company Major Food Groups announced Monday the launch of
Continue ReadingCzech billionaire Petr Kellner was one of five people killed when their chopper crashed near a glacier in Alaska during a skiing trip on Saturday. PPF Group, the Czech investment company that Kellner co-founded, confirmed his death in a statement on Monday. “With great sadness, PPF announces that … Petr Kellner tragically passed away in
Continue ReadingPeloton and Verzuz, two success stories of the pandemic economy, are joining forces in a deal they hope will add to their growing fortunes. The home fitness company unveiled its new “Peloton Verzuz” music collaboration series on Monday. Verzuz (pronounced “versus”) is the immensely popular webcast series that pits hip-hop and R&B legends like Kenneth
Continue ReadingSouthwest agreed to buy 100 737 Max jets from Boeing, the largest order for the troubled jet since its grounding in 2019 following two fatal crashes. The company also agreed to options for an additional 155 of the planes. The 100 firm orders tops the previous order for 75 of the planes placed by Irish
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Raphael Bostic, president of the Federal Reserve Bank of Atlanta, is one of the most prominent government officials yet to publicly express support for reparations as a way to address the consequences of racism and inequality in America. “There are definitely merits to it in the sense that, if people have been harmed by laws,
Continue ReadingAustralian broadcaster 9 News suffered a cyberattack that forced a number of live shows off air on Sunday, as the country’s federal parliament also reported an attack on its computer network. “A cyber-attack on our systems has disrupted live broadcasts today however, we have put processes in place to ensure we’re able to resume our
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For weeks, health experts have warned of another possible Covid-19 surge if Americans get lax with safety measures while the country races to vaccinate more people. Now infections are on the rise again and some state leaders are sounding the alarm over their latest trends. After weeks of declines and then a plateau, the average
Continue ReadingOil prices are falling after the Ever Given container ship was partially pried free in the Suez Canal, giving rise to hopes that a crucial lane of global trade can soon reopen. Futures for Brent crude, the global benchmark, were last down 2% to $63.28 a barrel, while West Texas Intermediate futures, the US benchmark,
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“Saturday Night Live” didn’t open up with politics to kick off the latest episode of the NBC variety show, but Maya Rudolph’s Kamala Harris still had her moment. Rudolph, the host of this week’s “SNL” who has played the vice president multiple times, welcomed guests to a Passover meal. She did so with her husband
Continue ReadingFor years, the media industry has been forced to compete with tech platforms for advertising revenue and consumers’ time. Now, in addition to those same pressures, publishers will see increased competition for attention as the economy opens back up. Last March, media owners reacted to the economic fallout of the pandemic with furloughs, layoffs and
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President Joe Biden’s second big legislative push will be harder than his first for multiple reasons, most conspicuously this one: It will include tax increases. To be sure, Biden seeks increases of the most popular kind. He intends to target corporations and rich people without, aides maintain, touching Americans earning under $400,000 a year. But
Continue ReadingAfter a year of being cooped up at home during the Covid-19 pandemic, many Americans are taking a cue from 2021 Rock and Roll Hall of Fame induction nominee The Go-Go’s. “Vacation, all I ever wanted. Vacation, had to get away.” People are hitting the roads and airports for Spring Break trips this coming week
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