By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, but consumers and businesses kept spending in a sign of economic durability. The economy’s overall decline in the January-March quarter does not
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Review by Brian Lowry, CNN Considering that one major fight over “The Godfather” was its length, there’s some irony that the limited series devoted to the making of the classic film, “The Offer,” runs way too long. Setting that aside, this 10-part look back at Hollywood in the swingin’ ’70s is mostly good fun, anchored
Continue Reading By MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week fell again last week and remain at historically low levels. Jobless claims in the U.S. declined by 5,000 to 180,000 for the week ending April 23, the Labor Department reported Thursday. First-time applications generally reflect the
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By Anna Cooban, CNN Business Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new payment terms rather than risk being cut off by Moscow, a fate suffered by Poland and Bulgaria this week. Gas distributors in Germany and Austria told CNN Business that they were working on ways
Continue Reading By Anna Cooban and Inke Kappeler, CNN Business Siempelkamp Giesserei has seen its fair share of crises in its 99 years. But pandemic shutdowns, supply chain disruptions and soaring energy prices have thrown the Düsseldorf metals factory into uncharted territory. “There has never been anything like this before,” Georg Geier, the company’s managing director, told
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Good morning! A weather disturbance will bring breezy to windy conditions along with areas of blowing dust Thursday. Winds will peak near 35 mph along with southwest winds between 15 to 25 mph. Afternoon high temperatures will run around 5 to 10 degrees above average.
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BARCELONA, Spain (AP) — Barcelona says it will play the 2023-24 season away from Camp Nou while Europe’s largest soccer stadium undergoes a massive overhaul. The club says Barcelona will play its games at the municipally owned Lluís Companys Stadium. Games will continue to be played at Camp Nou next season. The club wants games
Continue Reading By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for awhile. The airline had gone more than 11 years without a money-losing quarter and reported 47 straight years of annual profits before the pandemic. But Southwest said that it made
Continue Reading By Julia Horowitz, CNN Business Every quarter, investors on Wall Street parse earnings for intel on how much money a company brings in and the size of its profit. But this season has served as a reminder of how much traders who have piled into fast-growing tech stocks have come to value another metric. They’re
Continue Reading CNN By Arlette Saenz, CNN President Joe Biden will send a proposal to Congress Thursday outlining a legislative package to further pressure Russian oligarchs over Russia’s war in Ukraine, the White House said. The package — developed through an interagency process including the Treasury Department, Justice Department, State Department and Commerce Department — will “establish
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By Arlette Saenz, Kate Sullivan, Betsy Klein and Kevin Liptak, CNN President Joe Biden on Thursday asked Congress for a $33 billion supplemental funding bill aimed at supporting Ukraine over the next several months as Russia’s brutal and unrelenting war enters a new phase. In another significant request, Biden outlined a proposal that would further
Continue Reading By ALAN FRAM, ZEKE MILLER and AAMER MADHANI Associated Press WASHINGTON (AP) — President Joe Biden wants Congress to provide $33 billion to bolster Ukraine’s fight against Russia. The request came Thursday and signals a long-haul American commitment as Moscow’s invasion and the international tensions it has inflamed show no signs of receding. The measure
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By AMANDA SEITZ Associated Press WASHINGTON (AP) — The Department of Homeland Security has launched a new panel to tackle disinformation. DHS is stepping up its effort to counter disinformation coming from Russia as well as misleading information that human smugglers circulate to target migrants hoping to travel to the U.S.-Mexico border. DHS said Wednesday
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By AMANDA SEITZ Associated Press WASHINGTON (AP) — The Department of Homeland Security has launched a new panel to tackle disinformation. DHS is stepping up its effort to counter disinformation coming from Russia as well as misleading information that human smugglers circulate to target migrants hoping to travel to the U.S.-Mexico border. DHS said Wednesday
Continue Reading CNN Editorial Research Here is a look at the life of John Kasich, former Republican governor of Ohio and 2016 presidential candidate. Personal Birth date: May 13, 1952 Birth place: McKees Rocks, Pennsylvania Birth name: John Richard Kasich Jr. Father: John Kasich Sr., mail carrier Mother: Anne Kasich, postal worker Marriages: Karen (Waldbillig) Kasich (1997-present);
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By Ashley Strickland, CNN The fossils of giant, extinct marine reptiles have been found in an unlikely place: within the high altitudes of the Swiss Alps. The fossils belong to three ichthyosaurs, and they may have been some of the largest animals that ever lived on Earth, according to a new study. The ancient creatures
Continue Reading Verónica Ojeda (CNN) — El diamante azul más grande del mundo que sale a subasta se ha vendido por 450.925.000 HKD, es decir, US$ 57,5 millones. Bautizada como “The De Beers Cullinan Blue”, la enorme gema de 15,10 quilates de talla escalonada se vendió en Sotheby’s, en Hong Kong, tras una guerra de ofertas de
Continue Reading By ASHIFA KASSAM Associated Press MADRID (AP) — Algeria has threatened to suspend its gas exports to Spain, the latest twist in a complex triangle of diplomatic tensions between the gas supplier, the gas importer and their shared neighbor Morocco. Spain has been in talks with Morocco about helping the North African kingdom boost its
Continue Reading By JILL LAWLESS Associated Press LONDON (AP) — Britain is postponing until the end of 2023 some checks on imports from the European Union that are required under post-Brexit trade rules. The U.K government is citing economic disruption caused by the war in Ukraine. Thursday’s announcement marks the fourth time the U.K. has delayed checks
Continue Reading By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Southwest Airlines is reporting a loss of $278 million in the first quarter but says it will be profitable the rest of 2022. Like other airlines, Southwest says travel demand is surging, and it’s hiring to increase staff before the expected summer rush. Southwest said Thursday
Continue Reading By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Southwest Airlines is reporting a loss of $278 million in the first quarter but says it will be profitable the rest of 2022. Like other airlines, Southwest says travel demand is surging, and it’s hiring to increase staff before the expected summer rush. Southwest said Thursday
Continue Reading Melissa Velásquez Loaiza (CNN) — Moderna buscará la autorización de uso de emergencia de la Administración de Alimentos y Medicamentos de Estados Unidos (FDA por sus siglas en inglés) para su vacuna contra el covid-19 para niños de 6 meses a 5 años, informó la compañía el jueves. “Creemos que el mRNA-1273 podrá proteger de
Continue Reading COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg says it saw a strong growth in the first three months of the year despite trying to sell its business in Russia, where it generated around 10% of its sales. The Copenhagen-based company announced last month that it was exiting Russia but says it’s operations are continuing there
Continue Reading WASHINGTON (AP) — Trevor Reed is back in the United States one day after the Marine veteran was swapped for a Russian drug trafficker in a prisoner exchange between Washington and Moscow. That’s according to his mother, who tweeted the news early Thursday. Reed was swapped on Wednesday for Konstantin Yaroshenko, who had been serving
Continue Reading Juan Pablo Elverdin (CNN) — La superficie de bosque tropical destruida en 2021 fue suficiente para cubrir toda la isla de Cuba, y envió más dióxido de carbono a la atmósfera que la India en todo un año por la quema de combustibles fósiles, según un análisis publicado este jueves. Unos 11,1 millones de hectáreas
Continue Reading Verónica Ojeda (CNN) — La familia de Halyna Hutchins exige a la oficina del sheriff del condado de Santa Fe, en Nuevo México, que retire el video que publicó de ella “agonizando en el suelo de la iglesia” en los momentos posteriores a que le dispararan en el rodaje de la película “Rust” el año
Continue Reading By LAURAN NEERGAARD AP Medical Writer Moderna is asking U.S. regulators to open its COVID-19 vaccine to the nation’s youngest children. Kids under 5 are the only group in the U.S. not yet eligible for vaccination. Frustrated parents are waiting impatiently for a chance to protect them. Moderna submitted data to the Food and Drug
Continue Reading By DEE-ANN DURBIN AP Business Writer McDonald’s said higher U.S. menu prices and easing COVID restrictions in Europe helped offset troubled markets like China and Russia in the first quarter. The Chicago burger giant said Thursday its revenue rose 11% to $5.66 billion in the January-March period. U.S. menu prices were up 8% over last
Continue Reading By MICHELLE CHAPMAN AP Business Writer Caterpillar’s first-quarter sales climbed as construction equipment demand continues to surge even though supply chain challenges still plague most industries. Sales rose 14% to $13.59 billion, topping the $13.5 billion that analysts surveyed by Zacks Investment Research were looking for. Aside from improved demand for equipment, Caterpillar said higher
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By Brenda Goodman, CNN Moderna is seeking emergency use authorization from the US Food and Drug Administration for its Covid-19 vaccine for children 6 months through 5 years of age, the company said Thursday. “We believe mRNA-1273 will be able to safely protect these children against SARS-CoV-2, which is so important in our continued fight
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