Twitter agrees to pay millions in fines after US government alleges privacy violations
By Brian Fung, CNN Business Twitter has agreed to pay $150 million in fines after the US government sued the social media company on Wednesday,…
Continue ReadingBiz/Tech
Twitter to pay $150M penalty over privacy of users’ data
By MARCY GORDON AP Business Writer WASHINGTON (AP) — Twitter will pay a $150 million penalty and put in new safeguards to settle federal…
Continue Reading EXPLAINER: Social media and the Texas shooter’s messages
By BARBARA ORTUTAY and MATT O’BRIEN AP Technology Writers Could technology companies have monitored ominous messages made by a gunman who Texas…
Continue Reading Infrastructure plan: $33M to clean up hundreds of oil wells
By JANET McCONNAUGHEY Associated Press NEW ORLEANS (AP) — About $33 million of the $1 trillion bipartisan infrastructure plan recently signed into…
Continue Reading
El Paso Electric settles rate case, average monthly bill to rise by $2
The average monthly residential bill for electricity in El Paso will increase by about $2.20 under a rate increase settlement reached between El Paso…
Continue Reading How major US stock indexes fared Wednesday
The Associated Press Stocks rose broadly on Wall Street Wednesday after minutes from the Federal Reserve’s most recent meeting indicate the central…
Continue Reading Nordstrom, Caleres rise; Mr. Cooper, Raymond James fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Nordstrom, Caleres rise; Mr. Cooper, Raymond James…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for July delivery rose 56 cents to $110.33 a barrel Wednesday. Brent crude for July delivery rose 47…
Continue Reading Fed signals several half-percentage point hikes to come
By Anneken Tappe, CNN Business The Federal Reserve means business when it comes to tightening monetary policy. After raising its benchmark interest…
Continue Reading Prices on almost everything at the grocery store are up – except rotisserie chicken. Here’s why
CNN, CNNBUSINESS By Nathaniel Meyersohn, CNN Business At the grocery store, shoppers have seen food prices increase at their fastest pace in decades.…
Continue Reading Biden is ‘obsessed’ with lowering ‘outrageous’ gas prices, but presidents don’t control prices, says Energy Secretary
By Matt Egan, CNN Business Energy Secretary Jennifer Granholm said President Joe Biden is laser-focused on knocking down sky-high gasoline prices,…
Continue Reading New car sales forecast to plummet 20.9% in May, as supply remains low
By Matt McFarland, CNN Business Retail sales of new cars are forecast to fall 20.9% this month compared to the same time last year, amid vehicle…
Continue Reading Administration opposes airlines in lawsuit over crew breaks
By The Associated Press The Biden administration is siding against the airline industry in a case that involves whether California-based flight crews…
Continue Reading Gainbridge extends deal as presenting sponsor of Indy 500
By JENNA FRYER AP Auto Racing Writer INDIANAPOLIS (AP) — The Indianapolis 500 will be presented by Gainbridge for the next several years under a…
Continue Reading Boeing’s Starliner capsule makes safe return from test mission
By Jackie Wattles, CNN Business Boeing’s Starliner spacecraft made a safe return home from its five-day stay at the International Space Station…
Continue Reading Congressional Budget Office says inflation to last into 2023
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The Congressional Budget Office says that high inflation will persist into next year. This…
Continue Reading Twitter holds annual shareholder meeting amid uncertainty with Elon Musk deal
By Clare Duffy, CNN Business Twitter on Wednesday held what could be its last annual shareholder meeting as a public company for a long time after…
Continue Reading Fed officials signal rates may head to ‘restrictive’ levels
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they may have…
Continue Reading Unionized Starbucks stores face hard work of bargaining
By DEE-ANN DURBIN AP Business Writer It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at…
Continue Reading Amazon shareholders nix warehouse working conditions audit
Associated Press Amazon shareholders have voted against a proposal calling for an independent audit of working conditions at the company’s…
Continue Reading Ukraine has a message for Cloudflare and SAP: Get out of Russia now
By Julia Horowitz, CNN Business Mykhailo Fedorov, Ukraine’s minister of digital transformation, hadn’t left the country since Russia…
Continue Reading Ukraine has a message for Cloudflare and SAP: Get out of Russia now
CNN By Julia Horowitz, CNN Business Mykhailo Fedorov, Ukraine’s minister of digital transformation, hadn’t left the country since Russia…
Continue Reading Bitcoin is imploding. But you wouldn’t know it from checking out Formula 1 races
By Paul R. La Monica, CNN Business What crypto crash? Bitcoin prices may be plunging, but you wouldn’t know it by checking out the cars on the…
Continue Reading Elon Musk revises Twitter financing plan; shares jump
By BARBARA ORTUTAY and MICHAEL LIEDTKE AP Technology Writers SAN FRANCISCO (AP) — Elon Musk on Wednesday revised the financing plan for his…
Continue Reading Kansas City Fed President Esther George announces retirement
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Esther George, the president of the Federal Reserve Bank of Kansas City, will retire…
Continue Reading Ford Foundation’s Darren Walker gets France’s highest honor
By THALIA BEATY Associated Press NEW YORK (AP) — The president of the Ford Foundation, Darren Walker, has received France’s highest cultural…
Continue Reading Wendy’s puts up the ‘for sale’ sign as costs rise
By Danielle Wiener-Bronner, CNN Business Wendy’s may be up for sale. In a Tuesday filing with the Securities and Exchange Commission,…
Continue Reading Opinion: Texas’ new social media law affects all of us
Opinion by Kara Alaimo for CNN Business Perspectives Earlier this month, a federal appeals court ruled that a Texas law, which allows residents to…
Continue Reading Mexico’s economy grew 1% in 1st quarter
MEXICO CITY (AP) — Mexico’s government says the economy grew 1% in the first three months of the year, accelerating somewhat after registering…
Continue Reading Russia says it will pay foreign debt in rubles after US ban
By The Associated Press Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a…
Continue Reading