Category: News (page 55 of 84)

How safe is it to stay at a hotel right now? Experts weigh in | CNN travel

CNN travel | How safe is it to stay at a hotel right now? Experts weigh in

(CNN) — After a long year or more of sticking close to home, escaping to a stunning destination and a fancy hotel room may rank high on your to-do list.

Staying in a hotel is very low-risk if you’re vaccinated, separated from other people, and going straight to and from your room, said CNN Medical Analyst Dr. Leana Wen, an emergency physician and visiting professor of health policy and management at the George Washington University Milken Institute School of Public Health.

If you’re not traveling alone, “you certainly should not be sharing a hotel room with someone who is not in your immediate household, unless the other person is fully vaccinated,” Wen said.  —read more— 

Phylicia Rashād on the legacy of the AKAs highlighted in the ‘Twenty Pearls’ documentary | CNN entertainment

CNN entertainment | Phylicia Rashād on the legacy of the AKAs highlighted in the ‘Twenty Pearls’ documentary

(CNN) – Phylicia Rashād pledged Alpha Kappa Alpha sorority at Howard University in Washington, DC in 1968, yet it took narrating a new documentary about the organization before she learned some of its earliest history.

“When you pledge a fraternity or a sorority, you learn the names of the founders and the year in which it was founded,” she told CNN. “But the detailed history that’s in this documentary, we did not learn that as pledgees.”

“Twenty Pearls” tells the story of the first Black sorority, which was founded in 1908 by nine women enrolled at Howard University.  —read more— 

“Twenty Pearls”

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Latin America’s grueling battle with Covid-19 isn’t letting up | CNN

CNN | Latin America’s grueling battle with Covid-19 isn’t letting up

A woman attends the burial of her mother, who passed away due to COVID-19, in Manaus, Brazil.

Bogota, Colombia (CNN) – More than 100 days since the first Covid-19 vaccinations in Latin America, the pandemic is still dangerously resurging in some areas. The region’s recent battle with the coronavirus remains marked by disparities, with some countries boasting of positive vaccination trends while hospitals in neighboring nations collapse under waves of new cases.

Particularly worrying are high Covid-1 mortality rates in Brazil, Peru, Chile and Paraguay — a likely sign that local health systems are being stretched beyond their capacity.

“Mortality increases when this happens because patients have difficulty finding the care they need, and health workers are overburdened by tending to too many people at once,” said Dr. Carissa Etienne, director of the Pan American Health Organization, last week.  –read more

Half a billion Facebook users’ information posted on hacking website, cyber experts say | CNN BUSINESS

CNN BUSINESS | Half a billion Facebook users’ information posted on hacking website, cyber experts say

New York (CNN Business) – The personal information of about half a billion Facebook users, including their phone numbers, have been posted to a website used by hackers, cybersecurity experts say.

There are records for more than 32 million accounts in the United States, 11 million in the United Kingdom, and 6 million in India, according to Alon Gal, the CTO of cyber intelligence firm Hudson Rock.

Details in some cases include full name, location, birthday, email addresses, phone number, and relationship status, he said.  —read more— 

Cleveland Clinic and IBM hope their tech partnership could help prevent the next pandemic | CNN BUSINESS

CNN BUSINESS | Cleveland Clinic and IBM hope their tech partnership could help prevent the next pandemic

Cleveland Clinic will become the first private-sector institution to have one of IBM’s quantum computers on-site.

New York (CNN Business) – After a year in which scientists raced to understand Covid-19 and to develop treatments and vaccines to stop its spread, Cleveland Clinic is partnering with IBM to use next-generation technologies to advance healthcare research — and potentially prevent the next public health crisis.

The two organizations on Tuesday announced the creation of the “Discovery Accelerator,” which will apply technologies such as quantum computing and artificial intelligence to pressing life sciences research questions. As part of the partnership, Cleveland Clinic will become the first private-sector institution to buy and operate an on-site IBM quantum computer, called the Q System One. Currently, such machines only exist in IBM (IBM) labs and data centers.  —read more

$300 a day for a Kia Rio. Why rental cars prices have gone insane | CNN BUSINESS

CNN BUSINESS| $300 a day for a Kia Rio. Why rental cars prices have gone insane

New York (CNN Business) – Here’s what you need to know if you’re planning on a spring break trip to Orlando next week: Renting a car — if you can find one — could cost you at least $300 a day. That’s possibly more than you’ll spend for air fare, hotel rooms or tickets to theme parks.

A year ago, air travel came to a near halt, leading to a glut of rental cars. Rental companies parked their cars in unused lots at ballparks around the nation, and cars were rented for a fraction of their normal price — or sold as used cars. The industry sold off more than a half a million cars, about a third of their combined fleets, just to generate cash they needed to survive the crisis.

Following a year of deep losses, rental car companies have been unable to rebuild their fleets, especially with auto plants shut by a shortage of computer chips needed to build cars.  —read more— 

‘It’s crazy. There is no inventory.’ Housing industry veteran marvels at real estate boom | CNN BUSINESS

CNN BUSINESS | ‘It’s crazy. There is no inventory.’ Housing industry veteran marvels at real estate boom

New York (CNN Business) – Jeffrey Mezger is a 40-year veteran of the real estate industry. He’s never seen a stronger housing market than this one.

“It’s crazy. There is no inventory,” the CEO of KB Home told CNN Business.

For wannabe buyers, the shortage of homes on the market, combined with a surge of competition from other purchasers is setting off bidding wars, all-cash offers and no end of sticker shock.  —read more— 

Why the 911 will be last the Porsche model to go electric | CNN BUSINESS

CNN BUSINESS | Why the 911 will be last the Porsche model to go electric

(CNN) – Porsche is making a big push to go green. By 2030, the high-performance automaker says it will be “carbon neutral” and that 80% of the cars and SUV it makes will either be electric or plug-in hybrids.

One model, in particular, will be the final holdout and will continue to run on gasoline for the foreseeable future, said Porsche’s head of global sales, Detlev von Platen. The 911.

Even more than most high performance cars, the Porsche 911 is defined by its gasoline engine as much as its unique teardrop profile. Its six-cylinder engine is mounted over the rear wheels, putting a significant mass of weight far behind the driver and giving the car a distinctive feel when driving on a twisting road. The car is iconic to the Porsche brand, representing it more than any other. The company has built over a million examples over multiple generations since 1963.  —read more— 

The Fed is yanking away big banks’ ‘get out of jail free’ card | CNN BUSINESS

CNN BUSINESS | The Fed is yanking away big banks’ ‘get out of jail free’ card

New York (CNN Business) – Federal regulators said Friday they won’t extend a Covid relief provision granted to big banks, dashing Wall Street’s hopes for an extension.

JPMorgan Chase (JPM), Wells Fargo (WFC) and other big bank stocks retreated on the news, helping to drive the Dow down as much as about 300 points, or 1%. US Treasury yields also crept higher, weighing on the broader markets.

Last spring, when the economy and markets were in chaos, the Federal Reserve handed a sort of “get out of jail free” card to America’s big banks: It loosened leverage rules that JPMorgan, Bank of America (BAC) and other large lenders must abide by.  —read more— 

Higher mortgage rates still aren’t cooling the hot housing market | CNN BUSINESS

CNN BUSINESS | Higher mortgage rates still aren’t cooling the hot housing market

New York (CNN Business)Mortgage rates have been steadily rising this year, but that doesn’t seem to be slowing demand for housing — yet.

According to Freddie Mac, the average rate on a 30-year mortgage is now 3.05%, up from the all-time low of 2.67% at the end of 2020. Rising long-term bond yields could lead to even higher mortgage rates in the not-so-distant future.

So the question is whether the housing market — which remained surprisingly resilient as consumers fled cities for more space in the suburbs during the early days of the coronavirus outbreak — will continue to hold up well if mortgage rates keep climbing.  —read more— 

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