Business/Consumer CNN Wire

India's Covid-19 catastrophe could make global shortages even worse

A terrifying and record-breaking wave of Covid-19 in India threatens to stall the country's economic recovery and send shockwaves through several important global industries.Asia's third largest economy has been struggling for weeks to control the devastating surge. Hundreds of thousands…

Jeff Bezos' superyacht is so big it needs its own yacht

Today in ultra-billionaire news, Amazon founder Jeff Bezos has purchased a modest 100-foot schooner as he looks forward to a quieter life and hours of reflection on the open seas ... LOL, just kidding.The world's richest man is reportedly buying…

US pipeline cyberattack is a 'wake up call' for America

Neil Chatterjee, a top federal energy regulator, is calling on energy CEOs to step up their cyber defenses following a ransomware attack that knocked one of America's most important pipelines offline."This is a real wake up call," Chatterjee, a commissioner…

Vimeo is ready to be the next big Barry Diller spinoff

Expedia, LendingTree, Ticketmaster and Tinder owner Match were all once part of IAC, the sprawling media and e-commerce conglomerate controlled by mogul Barry Diller.Now, online video platform Vimeo is preparing to be the next big spinoff. IAC shareholders are expected…

Unilever is tempting vaccine skeptics with free ice cream

Add ice cream to the growing list of free food being offered to those that get vaccinated against Covid-19.Unilever is giving away free popsicles and Klondike shakes to health care workers and people getting vaccinated at several vaccination sites across…

Iron ore prices go ballistic as metals boom

As investors place bets on the economic recovery, there's a new frenzy that's taken over markets. Around the world, there's a rush to buy metals.What's happening: China's benchmark iron ore futures rallied an eye-popping 10% to a record high on…

US pipeline shutdown sparks worries of $3 gas

A cyberattack forced the largest US fuel pipeline to shut down Friday, and analysts are worried the disruption could result in a spike in gas prices.The Colonial Pipeline system spans more than 5,500 miles and transports about 45% of all…