Rivian Automotive Inc., the electric van and truck maker backed by Amazon.com (AMZN) and Ford (F), is seeking to go public via an initial public offering that could give it a market value of as much as $53 billion. The company looks to raise up to $8.4 billion in the […]

David Zaslav, Hollywood’s man of the hour due to Discovery’s pending merger with WarnerMedia, declared he will mostly live in LA by 2022 and be “very hands-on” in running the combined entity. Speaking with veteran media writer Ken Auletta at the Paley Center for Media’s online International Council Summit, Zaslav […]

How much people make in the United States has become front-page news. Most recently, Congress considered a special tax on America’s 700 billionaire families. The effort failed, but the tax rate of the richest people in the country most likely will rise as expensive bills move through Congress. Another widely […]

New York (CNN Business)There’s no end in sight for higher prices. US consumer price inflation surged higher again in October, the Bureau of Labor Statistics reported Wednesday. Over the past 12 months, prices climbed 6.2% — the biggest increase since November 1990. Stripping out food and energy prices, which tend […]

The U.S. violent crime rate — an annual, population-adjusted measure of cases of rаpе, robbery, aggravated assault, and homicide — climbed by 5% in 2020. The increase was driven by a rise in aggravated assault and, most notably, a historic 29% surge in homicides that made 2020 the deadliest year […]

A record-breaking $2.8B (€2.4B) antitrust fine handed down by the European Commission to Google in 2017 has been upheld after a lengthy appeal. Europe’s second-highest court dismissed the media giant’s challenge to the fine, which was awarded after a seven-year investigation into the search engine’s practices, with EU competition chief Margrethe […]

Norcross, Georgia -based Nutracap Holdings, LLC is recalling various dietary supplements due to undeclared wheat, milk, soy and/or coconut on the labels, the U.S. Food and Drug Administration said. The Boba Origin brand 100% Whey Protein Isolate product that comes in Brown Sugar Milk Tea flavor may have the presence […]

‘There was hardly any recruitment after the second wave.’‘Now, there is a huge demand for manpower.’ “During the first wave of the pandemic, every company reduced its manpower by 15%-30%. Now that there is a revival, all of them want to recruit people. We are in a situation now where […]

New York (CNN Business)Shoppers are already taking a hit at the grocery store. Soon, even their cheapest meat options will get more expensive. Tyson Foods (TSN), Conagra (CAG) and Kraft Heinz (KHC) have notified their retail customers in recent weeks that they will raise prices in January for some frozen […]

Contract negotiations leading up to the tentative agreement that IATSE members will be voting on this weekend were unlike any that had come before. Conducted after the film and TV industry roared back to life from the darkest days of the pandemic, the giant media conglomerates came to the bargaining […]