CNN By Samantha Delouya, CNN (CNN) — A US judge has dismissed Disney’s lawsuit against Florida Gov. Ron DeSantis and his political allies, including the board he appointed to oversee Disney’s property in Florida. The judge’s ruling is a win for the governor’s escalating legal battle with the entertainment giant. The lawsuit, which was filed
Continue Reading CNN By Jeanne Sahadi, CNN New York (CNN) — Editor’s Note: This is an update of an article that ran on December 13, 2023. The Federal Reserve on Wednesday did it again. For the fourth meeting in a row, it left its key interest rate at a 23-year-high, as Fed observers and market watchers continue
Continue Reading CNN By Brian Fung and Clare Duffy, CNN Washington (CNN) — A group of social media bigwigs was grilled by Congress on Wednesday about the risks their products pose to young people. The chief executives of Meta, TikTok, Snap, Discord and X, formerly known as Twitter, testified before the Senate Judiciary Committee earlier Wednesday. The
Continue Reading Originally Published: 30 JAN 24 07:51 ET By Jordan Valinsky, CNN New York (CNN) — Starbucks is taking its extra virgin olive oil-infused drinks — which some customers previously complained of sending them straight to the bathroom — nationwide beginning Tuesday. The lineup, called Oleato, launched in a few US cities last year before slowly expanding to more stores.
Continue Reading CNN Opinion by Laurie Segall (CNN) — Sexually explicit AI-generated photos of pop superstar Taylor Swift have flooded the internet, and we don’t need to calm down. Swift may be one of the most famous women in the world, but she represents every woman and every girl when it comes to what’s at stake in the future of artificial
Continue Reading CNN By Clare Duffy and Jennifer Korn, CNN. Video by John General and Deborah Brunswick. Orlando, Florida (CNN) — A Florida woman sued Lyft earlier this month, alleging that she was raped by her Lyft driver in 2019 and that the assault resulted in the birth of her third child. The suit is the latest
Continue Reading CNN By Hanna Ziady, CNN London (CNN) — Europe should prepare for possible threats to its economy — including new US tariffs on its exports — if Donald Trump returns to the White House, according to European Central Bank President Christine Lagarde. “If you look at what those years were when Mr Trump was president
Continue Reading CNN By Nathaniel Meyersohn, CNN New York (CNN) — Professional sports teams are becoming real estate empires, building luxury apartments and shopping malls. For decades, major league teams depended on ticket sales, concessions and TV deals to generate revenue. But team owners in recent years have turned to real estate development to bring in extra
Continue Reading CNN By Jordan Valinsky, CNN New York (CNN) — Ticket prices for this year’s Super Bowl matchup between the Kansas City Chiefs and San Francisco 49ers might even make billionaire Taylor Swift blush. As of Monday, the February 11 game is the most expensive Super Bowl on record, according to TickPick. The average price is
Continue Reading CNN By Marshall Cohen, CNN (CNN) — In the wake of the 2020 election, the president of the far-right network One America News sent a potentially explosive email to former Trump campaign lawyer Sidney Powell, with a spreadsheet claiming to contain passwords of employees from the voting technology company Smartmatic, according to court filings. The existence
Continue Reading CNN By Laura He and Nectar Gan, CNN Hong Kong (CNN) — A court in Hong Kong has ordered the winding up of Evergrande Group, the world’s most indebted property developer, dealing another blow to investor confidence as China’s ailing real estate sector continues to weigh on its economy. The liquidation order, made by the
Continue Reading CNN By Kyle Feldscher and David Goldman, CNN (CNN) — WWE’s parent company knew Vince McMahon — the founder of the wrestling behemoth — was a potential liability. It said so itself in government filings. McMahon, who resigned Friday from his role as executive chairman of WWE parent company TKO following accusations of sexual assault and trafficking,
Continue Reading CNN By Anna Cooban, CNN London (CNN) — Shares in Tesla plunged 12% Thursday, wiping $80 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals. Tesla’s stock suffered its worst day in 21 months and closed at its lowest level
Continue Reading CNN By Forrest Brown and Marnie Hunter, CNN (CNN) — The Alaska Airlines incident on January 5 that left a hole in the fuselage of a Boeing 737 Max 9 aircraft shortly after takeoff from Portland, Oregon, raised important safety questions, prompted investigations – and left some air travelers on edge. After the incident that
Continue Reading Originally Published: 23 JAN 24 12:31 ET Updated: 23 JAN 24 13:52 ET By Nathaniel Meyersohn, CNN New York (CNN) — From theft to scanning errors, retailers are running into headaches with self-checkout after rolling out the technology aggressively over the last decade. Now, research finds another problem with self-checkout: fading customer loyalty. A newly-released study by researchers at Drexel
Continue Reading Originally Published: 23 JAN 24 18:30 ET By Sean Lyngaas, CNN (CNN) — The Biden administration is preparing an executive order aimed at curbing the ability of foreign governments to access sensitive personal data on Americans that could jeopardize national security, one current US official and one former US official familiar with the matter told CNN. Foreign
Continue Reading CNN, NBC, ELIZABETH, POOL, NTSB By Ramishah Maruf, Pete Muntean and Gregory Wallace, CNN New York (CNN) — Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” on Tuesday. It was the CEO’s first interview since a door
Continue Reading CNN By Jeanne Sahadi, CNN New York (CNN) — The crisis that has enveloped clothing company Kyte Baby this week might not have happened if the United States had a national paid parental leave policy in place. Company founder and CEO Ying Liu was forced to offer two public apologies after making, in her words,
Continue Reading CNN By Gregory Wallace and Hanna Ziady, CNN (CNN) — The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an Alaska Airlines flight earlier this month. The FAA on Sunday
Continue Reading Originally Published: 18 JAN 24 12:00 ET Updated: 18 JAN 24 12:16 ET By Anna Bahney, CNN Washington, DC (CNN) — After moving higher the past two weeks, mortgage rates fell this week, dropping to the their lowest level since May 2023. The 30-year fixed-rate mortgage averaged 6.60% in the week ending January 18, down from 6.66% the
Continue Reading CNN By Allison Morrow, CNN Lansdale, Pennsylvania (CNN) — Rachael Gambino and Garrett Mazzeo planned their financial life by the book: They went to college, paid down debt, saved aggressively, got married, bought a house, started a family. The dream. But sitting at the kitchen table of their suburban Pennsylvania home — an asset they feel both
Continue Reading CNN, WBNS, NISSAN, GENERAL MOTORS, RECURRENT AUTO By Peter Valdes-Dapena, CNN (CNN) — Hertz recently announced it was selling 20,000 electric cars out of its fleet, and replacing them with gasoline vehicles. One reason the company gave was that drivers kept crashing the cars. Hertz CEO Stephen Scherr noted that the costs of repairs of
Continue Reading Originally Published: 17 JAN 24 05:00 ET Updated: 17 JAN 24 11:48 ET By Jeanne Sahadi, CNN New York (CNN) — The Consumer Financial Protection Bureau on Wednesday said it is proposing a rule that would curb excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $3.5
Continue Reading Originally Published: 16 JAN 24 22:40 ET By Jessie Yeung, CNN Hong Kong (CNN) — Japanese brand Uniqlo is suing Shein over claims the Chinese fast-fashion retailer is selling copycats of its viral shoulder bag. Fast Retailing, the Japanese giant that owns both Uniqlo and Theory, said in a statement that the form of the “imitation products” that Shein is
Continue Reading CNN By Anna Bahney, CNN Washington, DC (CNN) — Homebuilder confidence surged in January as mortgage rates continued to trend lower, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Wednesday. Builder confidence in the market for newly built single-family homes surpassed market expectations, climbing seven points to 44 on the
Continue Reading CNN By Laura He and Simone McCarthy, CNN Hong Kong (CNN) — China reported a record low birth rate in 2023 as its population shrank for the second year in a row. The trend marked the deepening of a demographic challenge set to have significant implications on the world’s second largest economy. The country recorded
Continue Reading CNN KCRA, WDJT, KTVT, STRINGR, CNN By Eva Rothenberg and Pete Muntean, CNN New York (CNN) — Flight cancellations across the country continue to cause headaches for thousands of travelers, and Southwest is topping the list of most-affected airlines for the second consecutive day. But the source and scope of these disruptions are different from
Continue Reading CNN, CNBC, NTSB, STEPHANIE KING, ELIZABETH, TIKTOK, NTSB, SAM MATTHEWS, CNN, CNN, CNBC, NTSB, Stephanie King, Elizabeth/TikTok, NTSB, Sam Matthews By Pete Muntean, Gregory Wallace and Ramishah Maruf, CNN (CNN) — The Federal Aviation Administration says it is opening an investigation into Boeing’s quality control after the violent in-flight failure of a door plug on
Continue Reading CNN By Alicia Wallace, CNN New York (CNN) — More Americans are buckling under the weight of mounting credit card debt. All stages of credit card delinquency (30, 60 and 90 days past due) jumped higher during the third quarter of last year, surpassing pre-pandemic levels for the first time, according to a report released
Continue Reading Originally Published: 10 JAN 24 20:08 ET By Samantha Delouya, CNN (CNN) — It’s the end of an era for Fruit Stripe, the decades-old gum brand that was known for its fruit-inspired flavors and zebra-print product: The brand’s owner is discontinuing the striped treat. “The decision to sunset this product was not taken lightly,” a representative
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