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Month: May 2023

Another economic indicator: Sales of the ‘Recession Special’ are up at this New York City hot dog joint

By Alicia Wallace, CNN There’s good news on the inflation front: Annual price growth fell to its lowest pace in nearly two years, the Commerce Department reported Friday. But for consumers, the lengthy spell in the crossfire of persistently high prices and rising interest rates has taken its toll. Inflation-adjusted consumer spending was flat in

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Meta shuts down network of fake accounts that ‘signal a shift’ in China-based influence efforts

By Donie O’Sullivan and Sean Lyngaas, CNN Facebook’s parent company Meta announced Wednesday that it has taken down a network of more than 100 China-based accounts that posed as organizations in the US and Europe and pushed pro-Beijing talking points. The Facebook and Instagram accounts, which included a fictitious news organization and posed as a

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Arizona AG takes aim at foreign-owned farms that pump groundwater to feed cattle overseas

By Ella Nilsen, CNN Amid Arizona’s worsening groundwater crisis, the state’s new attorney general is vowing to crack down on foreign-owned farms that lease land from the state with the benefit of unlimited water pumping. State officials recently revoked two new well-drilling permits for a Saudi Arabian agriculture company that uses Arizona groundwater to grow

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Dine Brands: Q1 Earnings Snapshot

GLENDALE, Calif. (AP) — GLENDALE, Calif. (AP) — Dine Brands Global Inc. (DIN) on Wednesday reported first-quarter profit of $27.4 million. On a per-share basis, the Glendale, California-based company said it had net income of $1.74. Earnings, adjusted for non-recurring costs, came to $1.97 per share. The results topped Wall Street expectations. The average estimate

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