CNN By Parija Kavilanz, CNN New York (CNN) — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The first tranche of stores to be sold — both leased and owned — is located in twelve states, according
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Originally Published: 06 AUG 23 13:22 ET Updated: 06 AUG 23 17:01 ET By Eva Rothenberg, CNN (CNN) — The possible showdown between Elon Musk and Mark Zuckerberg will be streamed on X, formerly known as Twitter, according to Musk. In a pair of tweets Sunday morning, the platform’s owner said he was “lifting weights
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Originally Published: 02 AUG 23 16:36 ET By Tami Luhby, CNN New York (CNN) — Millions of Americans could receive their tax refunds more quickly in coming years as the Internal Revenue Service brings its technology further into the 21st century. The IRS is launching a major effort to digitize all paper-filed tax returns by
Continue Reading Originally Published: 01 AUG 23 21:21 ET Updated: 01 AUG 23 21:54 ET By Peter Valdes-Dapena, CNN New York (CNN) — Just three years after being discontinued in North America, the Toyota Land Cruiser is coming back — with an all-new, retro-styled design. Besides the classic looks, the new Land Cruiser will also have a
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Originally Published: 12 JUL 23 05:00 ET Updated: 30 JUL 23 16:25 ET By Katie Lobosco, CNN Washington (CNN) — While the Supreme Court struck down President Joe Biden’s student loan forgiveness program in late June, a separate and significant change to the federal student loan system is moving ahead. Eligible borrowers can now enroll
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(CNN)— Subway is running a promotion in August giving sandwich fans a chance to win free sandwiches for life if they agree to change their first name to Subway. According to Bloomberg, once a winner is chosen, the company will pay the winner’s legal fees to assume “a new iconic identity.” Subway has roughly 37,000
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New York (CNN) — Spotify is the latest streaming service to hike its prices. Beginning Monday, new subscribers will pay $1 more per month for its ad-free premium plan, rising to $10.99 per month. Current customers are being given a “one-month grace period before the new price becomes effective,” Spotify said. Spotify’s other tiers, like
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(CNN) — Lots of low-wage workers just received a boost in pay, as more than a dozen states and localities increased their minimum wages. Oregon beefed up its hourly minimum wage by 70 cents to $14.20 as of July 1, while Nevada increased its minimum wage by 75 cents to $11.25, according to a tally
Continue Reading (CNN) — A federal judge on Tuesday ordered some Biden administration agencies and top officials not to communicate with social media companies about certain content, handing a win to GOP states in a lawsuit accusing the government of going too far in its effort to combat Covid-19 disinformation. In a preliminary injunction issued by US
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New York (CNN) — Some shoppers are buying Costco’s $4.99 rotisserie chickens and paying at self-checkout. The problem: They aren’t all members. Since Costco has expanded self-checkout, the company has noticed that non-members have been sneaking in to use membership cards that don’t belong to them. The warehouse club retailer will now ask for shoppers’
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New York (CNN) — During Thursday’s meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be necessary as the industry continues to navigate through a crisis, two people familiar with the matter told CNN. The comments from Yellen provide further evidence that Biden officials are starting
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(CNN) — Eli Lilly’s experimental pill for weight loss helped people lose an average of 15% of their body weight after 36 weeks on the highest dose in a midstage trial, rivaling what’s seen with currently approved injectable therapies like Wegovy over longer durations. The drug, orforglipron, had similar side effects as others in the
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(CNN) — Sunrise Growers has recalled frozen fruit products sold at chain stores nationwide over possible listeria contamination, the US Food and Drug Administration says. The products were distributed to Walmart, Whole Foods, Trader Joe’s, Target, Aldi and AWG across the country between fall 2022 and this week. The full list of recalled brands and
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(CNN) — One of Taco Bell’s most recognizable menu items is going vegan. The chain is testing a vegan Crunchwrap, marking the first time that Taco Bell has sold a fully vegan entree. Similar to a traditional Crunchwrap, the vegan version uses a “proprietary, boldly seasoned” plant-based protein created by the company, and is then
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(CNN) — America apparently needs more car seats. So, when Volkswagen unveiled the ID. Buzz, a retro-styled electric van, last year, it noted that the version for the North American market would be longer and would have three rows of seats. North America’s version of the ID. Buzz has now officially been revealed. “Designed and
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(CNN) — Millions of adults in the United States are not taking their medications as prescribed because of costs, according to a new report from the US Centers for Disease Control and Prevention. Most adults between the ages of 18 and 64 took at least one prescription medication in 2021. But more than 8% of
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(CNN) — The voting technology company Smartmatic has subpoenaed Donald Trump’s 2020 presidential campaign for a wide array of documents as part of its $2.7 billion defamation lawsuit against Fox News over its airing of election lies. The subpoena, which was issued in April and made public in a court filing on Tuesday, requires the
Continue Reading By David Goldman, CNN (CNN) — Silicon Valley Bank failed in rapid, stunning fashion Friday. This week, the tech and banking sector are growing skittish about the next shoe to drop. What took place Friday was an old-fashioned bank run: Customers yanked $42 billion from Silicon Valley Bank on Thursday, leaving the bank with $1 billion in negative cash
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Originally Published: 26 DEC 22 10:53 ETBy Allison Morrow, CNN (CNN) — The stunning collapse of one of crypto’s most prominent firms has quickly morphed into a legal battle pitting former executives and ex-romantic partners against one another.Last week, as FTX founder Sam Bankman-Fried was being extradited to the United States from the Bahamas, two of
Continue Reading CNN, CNN BUSINESS By Danielle Wiener-Bronner, CNN Business Oscar Mayer. Velveeta. Capri Sun. Kraft Heinz CEO Miguel Patricio admits: Some of the company’s iconic products had become “a little bit dusty.” “For a while, we were apologetic about the brands that we had,” Patricio told CNN Business. “We got distracted believing that the future was
Continue Reading POOL, GETTY, FTX, CNN By Michelle Toh, CNN Business Binance founder and CEO Changpeng Zhao is once again in the global spotlight, this time as the self-appointed white knight of crypto as the industry is embroiled in crisis. The Canadian billionaire has made headlines this week for offering to come to the aid of entrepreneurs
Continue Reading CNN By Allison Morrow, CNN Business As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how much customers who can’t access their money expect to get back from FTX, the crypto exchange that filed for bankruptcy last week. The answer, according to legal experts,
Continue Reading CNN By Matt McFarland, CNN Business Tesla headed to court today to defend the huge compensation package that helped make CEO Elon Musk the richest person on Earth. Delaware’s Court of Chancery in Wilmington will host the week-long trial to examine the 2018 compensation plan that the automaker’s board of directors created for Musk. The
Continue Reading CNN By Brian Fung, CNN Business Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession. The business leader offered his starkest advice yet on a faltering economy in an exclusive sit-down interview
Continue Reading CNN By Brian Fung, CNN Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social
Continue Reading CNN By Frank Pallotta, CNN Business “Black Panther: Wakanda Forever” had the major challenge of following “Black Panther,” one of the biggest blockbusters ever, and had to do so without star Chadwick Boseman, who passed away in 2020. Despite all of the challenges, “Wakanda Forever” notched a sizable box office opening this weekend. The Marvel
Continue Reading CNN By Ramishah Maruf, CNN Playbill, a news outlet and guide for the Broadway theater community and theatergoers, said Friday it left Twitter after Elon Musk took over the platform. In a statement, Playbill said the social media platform has “greatly expanded its tolerance for hate, negativity, and misinformation.” The account, which had more than
Continue Reading CNN By Matt Egan, CNN Business In the span of just three years, Sam Bankman-Fried built FTX into a massive crypto exchange backed by marquee investors and valued at $32 billion. It took mere days for all of that to implode in a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial
Continue Reading CNN By Matt Egan and Allison Morrow, CNN Business FTX Group said Friday it has filed for bankruptcy in the United States and that its CEO has resigned, marking a stunning downfall for one of the biggest and most powerful players in the crypto industry. FTX said Sam Bankman-Fried, the 30-year-old founder of the exchange,
Continue Reading CNN, CNN BUSINESS By Paul R. La Monica, CNN Business It has been a tough year for American consumers. Inflation everywhere. Rapidly rising interest rates. A housing market that is starting to cool off. That begs a question with the holidays right around the corner: Are shoppers finally tapped out? We’ll get a better sense
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