WATCH: Fed raises interest rates by half a percentage point
(CNN) — The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the worst inflation…
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Airbnb to crack down on parties during summer holidays
By Sara Ashley O’Brien, CNN Business Airbnb is once again trying to stop people from using its platform to host unauthorized parties ahead of…
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Kansas gamer pleads guilty for role in fatal ‘swatting’ case
WICHITA, Kan. (AP) — A Kansas man will be sentenced in July for his role in a hoax call that led to a fatal police shooting in 2017. Shane Gaskill…
Continue Reading $61 million in refunds for customers in SC nuclear debacle
COLUMBIA, S.C. (AP) — A South Carolina judge has approved a second round of refunds for customers of a utility that poured billions of dollars into…
Continue Reading Rights group: Russians tortured people in C.African Republic
By CARLEY PETESCH Associated Press DAKAR, Senegal (AP) — Human Rights Watch has accused Russian mercenaries of executing, torturing and beating…
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New runway, port of entry upgrades, industrial growth headed to Santa Teresa
SANTA TERESA, New Mexico- A new runway, more speculative warehouses and upgrades to modernize the port of entry in Santa Teresa, New Mexico, are on…
Continue Reading Deal for Black-majority town in Tennessee takeover case
By KIMBERLEE KRUESI Associated Press NASHVILLE, Tenn. (AP) — The small town of Mason has announced it has reached a deal halting the threat of a…
Continue Reading Star Trek tries to steal May the 4th from Star Wars
By Frank Pallotta, CNN Business It’s May the 4th, a day for Star Wars nerds to geek out on Luke Skywalker, lightsabers and the Millennium…
Continue Reading Tupperware struggles in Q1, withdraws guidance, taps new CFO
By MICHELLE CHAPMAN AP Business Writer Tupperware’s turnaround isn’t exactly going as planned, with inflation, COVID-19 and Russia’s invasion…
Continue Reading Stock market selloff is exactly what the Fed wants, former NY Fed chief says
By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation, according to…
Continue Reading Goal! Maradona’s ‘Hand of God’ shirt sets auction record
By JILL LAWLESS Associated Press LONDON (AP) — The shirt worn by Diego Maradona when he scored the controversial “Hand of God” goal against…
Continue Reading Airbnb will revive rules aimed at curbing summer parties
SAN FRANCISCO (AP) — Airbnb says it’s taking steps to prevent people from throwing parties at houses they rent for the Memorial Day and July…
Continue Reading Moderna Q1 profit triples on robust COVID vaccine sales
By TOM MURPHY AP Health Writer COVID-19 vaccine sales helped Moderna triple its net income in a better-than-expected first quarter. The vaccine maker…
Continue Reading Venezuela’s Maduro, others meet with Iran oil minister
CARACAS, Venezuela (AP) — Venezuelan President Nicolás Maduro and high-ranking officials from the South American nation have met with the oil…
Continue Reading TurboTax to pay customers $141 million after allegedly steering them away from free services
By Jordan Valinsky, CNN Business Intuit, the owner of tax filing software TurboTax, has agreed to pay $141 million in a settlement with all 50 states…
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Intuit to pay $141M settlement over ‘free’ TurboTax ads
NEW YORK (AP) — New York’s attorney general is announcing that the company behind the TurboTax tax-filing program will pay $141 million to…
Continue Reading Shipping company Maersk sees record quarter as demand surges
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moeller-Maersk, says it’s delivered its “best earnings…
Continue Reading Human rights advocate to lead PEN’s writers’ protection work
By THALIA BEATY Associated Press NEW YORK (AP) — The literary writer’s organization PEN America has hired a human rights advocate, Liesl…
Continue Reading Vermont F-35s to fly Europe air policing missions
By WILSON RING Associated Press SOUTH BURLINGTON, Vt. (AP) — The first overseas deployment of the Vermont Air National Guard’s F-35 fighter…
Continue Reading Sinn Fein eyes historic win in Northern Ireland election
By JILL LAWLESS and PETER MORRISON Associated Press BELFAST, Northern Ireland (AP) — The Irish nationalist party Sinn Fein may be headed for a…
Continue Reading Jamie Dimon: The Cold War is back and a recession is a real possibility
By Matt Egan, CNN Business JPMorgan Chase CEO Jamie Dimon said Wednesday that the Federal Reserve should have moved sooner to raise interest rates…
Continue Reading The Fed was late to inflation. Will it miss the next big risk?
By Julia Horowitz, CNN Business The Federal Reserve is finally getting aggressive in its bid to fight decades-high inflation. What’s happening:…
Continue Reading Elon Musk asked to testify on Twitter by UK Parliament
LONDON (AP) — A British parliamentary committee scrutinizing draft online safety legislation has invited Elon Musk to discuss his plans to buy…
Continue Reading Edmunds: 2022 Honda Passport vs. 2022 Jeep Grand Cherokee
By MILES BRANMAN Edmunds The Jeep Grand Cherokee has been redesigned for 2022, boasting greater off-road capability and more creature comforts, but…
Continue Reading After another strong quarter, CVS raises outlook for 2022
By TOM MURPHY AP Health Writer COVID-19 vaccines and tests for the virus continue to boost CVS Health and the health care giant raised its annual…
Continue Reading How to save more when inflation makes your money count less
By CHANELLE BESSETTE of NerdWallet During inflation, consumers can adjust their spending and saving strategies to help lessen the impact that…
Continue Reading Warren Buffett-backed electric carmaker shrugs off China’s lockdowns
By Laura He, CNN Business BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market,…
Continue Reading EXPLAINER: What’s the impact if Europe cuts off Russian oil?
By The Associated Press The European Union’s executive commission has proposed phasing out imports of Russian oil within six months.…
Continue Reading India’s central bank raises interest rate to tame inflation
NEW DELHI (AP) — India’s central bank has raised its key interest rate to 4.4% from 4% to try to contain fast-rising inflation. Governor…
Continue Reading China market analyst out after his social media accounts were frozen
By Laura He, CNN Business Hong Hao, a prominent market analyst in China, has left the state-owned bank he worked for just days after his social media…
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