Tag: business news
The global shipping industry is facing a new problem — too many containers
While there was a shortage of containers at the height of the Covid pandemic, the global economy is now facing the opposite problem: too many containers.
U.S. manufacturing orders from China down 40% in unrelenting demand collapse
Manufacturing orders from China and trade bound for the U.S. have plunged as a demand collapse is expected to continue into 2023, according to global shippers.
Why Jasmine Oil Is So Expensive
A kilogram of jasmine oil can cost $5,000. But to get that small amount of oil, harvesters need to handpick over 5,000 jasmine buds. Once the flower blooms, producers in India quickly process it into one of the priciest absolute oils in the world. Today,...
Sam Bankman-Fried’s Alameda quietly used FTX customer funds without raising alarm bells, say sources
Sam Bankman-Fried's trading firm was able to quietly use customer funds from his exchange FTX without sounding alarm bells, sources say.
Why Japanese Ruby Roman Grapes Are So Expensive
Grown in just one country in the world, one bunch of these Japanese grapes can sell for $90 to $450. Ruby Roman grapes are evaluated on three qualities: their uniform color, size, and taste, all of which impact the final value. The grapes were developed b...
China's exports unexpectedly shrink in October, badly missing expectations for growth
China's exports fell by 0.3% in October from a year ago, missing Reuters expectations for a 4.3% increase.
Facebook used to be a Big Tech giant — now Meta isn't even in the top 20 most valuable U.S. companies
Meta shares are down more than 20% on Thursday, the second time this year they've collapsed after an earnings report.
Why Miyazaki Mangoes Are So Expensive?
Taiyo no Tamago, or Egg of the Sun, are stunning, plump, red, perfectly unscratched, and incredibly sweet mangoes that are farmed in the Miyazaki Prefecture of Japan. Every year, the best mangoes are auctioned off to the highest bidder, with the record se...
The Zillion Dollar Lobster Frittata - Why This Frittata Costs $2,000
We tried the Zillion Dollar Lobster Frittata at Norma's in New York City, which costs $2,000. It contains 10 oz. of caviar, a full lobster, potatoes, eggs, and cheese. Norma's makes $38,000 a year on the dish. Chef Emile Castillo has been serving the high...
Why The World's Rarest Cheese (Pule Donkey Cheese) Is So Expensive | So Expensive
Pule donkey cheese is the most expensive cheese in the world. Produced by only one farm in the world, pule will cost you about $600 for a single pound. Makin...
Iran shuts down the internet as government cracks down on protests
CNBC's Shep Smith reports on protests happening in Iran after a young woman died in police custody following her arrest for wearing what they called 'unsuitable attire. With Iranian-American reporter and activist Masih Alinejad.
Referendums a sign of desperation from Putin, says former U.S. ambassador to Ukraine
Former U.S. ambassador to Ukraine William Taylor joins Shep Smith to discuss Russian efforts to hold referendums in occupied Ukrainian territory saying those areas are now a part of Russia.
Ukrainians say at least 60 dead after blasts at air base in Crimea
CNBC's Kayla Tausche reports Ukrainian officials say at least 60 are dead after blasts at a Russian air base in Crimea. Meanwhile, Russia continues shelling near a Ukrainian nuclear plant.
Former President Trump may have violated the Espionage Act
Danya Perry, former assistant U.S. attorney for the Southern District of New York and former New York deputy attorney general, joins Kayla Tausche on 'The News with Shepard Smith' to discuss the severity of the potential espionage charges against former P...
How The U.S. Made Inflation Worse
In recent months, the Federal Reserve made avoidable mistakes that fueled inflation. That's the view of a range of economists and policymakers, including some voting members of the Federal Open Market Committee. In the spring, some FOMC members called for...
