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By Vanessa Yurkevich, CNN (CNN) — Members of the Directors Guild of America voted to approve a new three-year contract with studios Friday, with 87% of membership voting in favor of the deal. “Our new contract secures gains on wages, global streaming residuals, safety, diversity and creative rights that build for the future and impact
Continue ReadingBy Sean Lyngaas, CNN (CNN) — The chief executive of US software firm SolarWinds told employees Friday that “we intend to vigorously defend ourselves” in the face of potential legal action from US regulators over the firm’s handling of a sweeping 2020 breach by alleged Russian hackers, according to an internal SolarWinds email obtained by
Continue ReadingBy Peter Valdes-Dapena, CNN (CNN) — Nikola, a startup company that makes electric and hydrogen-powered semi trucks, said in a tweet Friday morning that several of its trucks had been damaged in a fire at the company’s Phoenix, Arizona headquarters. “Foul play is suspected as a vehicle was seen in the area of the affected
Continue ReadingBy Ramishah Maruf, CNN New York (CNN) — A combination of NASCAR equipment, recycled glass and police escorts helped reopen the repaired portion of I-95 in Philadelphia way ahead of schedule. Six lanes reopened to motorists at noon on Friday, 12 days after a bridge collapsed in Philadelphia, Pennsylvania Gov. Josh Shapiro announced. The collapsed
Continue ReadingBy Krystal Hur, CNN New York (CNN) — Bitcoin on Friday shot up to its highest level in about a year. The cryptocurrency rose above $31,400 a coin on Friday, its highest level since 2022, before paring back its gains. Bitcoin, the world’s largest cryptocurrency by market capitalization, earlier this week traded above $30,000 for
Continue ReadingBy Samantha Delouya, CNN (CNN) — San Francisco’s mayor Thursday proposed remaking the city’s struggling downtown by tearing down abandoned retail space, including the city’s Westfield mall, and building new structures to reshape the struggling city. “We can’t completely rely on retail in downtown restricting what happens in downtown anymore,” Mayor London Breed told Bloomberg’s
Continue ReadingBy Lauren del Valle, CNN New York (CNN) — Attorneys filed a preliminary plan to facilitate a $290 million settlement fund for JPMorgan Chase to compensate victims of Jeffrey Epstein. If approved by a federal judge the settlement will resolve a class action lawsuit first brought on November 2022 alleging that the financial institution where
Continue ReadingBy Brian Fung, CNN (CNN) — A top European Union official is touring Silicon Valley this week and reminding tech platforms including Twitter and Facebook-parent Meta about their content moderation obligations, just weeks ahead of a deadline to comply with sweeping new EU laws that will apply to large social media platforms. On Thursday, EU
Continue ReadingBy Matt Egan, CNN New York (CNN Business) — The FDIC mistakenly revealed to Bloomberg News details on the biggest customers at Silicon Valley Bank, the failed bank whose depositors were rescued through emergency action by regulators. An FDIC document posted online by Bloomberg News on Friday offers new insights into who benefited from that
Continue ReadingBy Elisabeth Buchwald, CNN New York (CNN) — The Securities and Exchange Commission fined JPMorgan Chase $4 million for mistakenly deleting 47 million emails, many of which the regulator was trying to access as part of multiple probes. The contents of some of the emails, which could not be recovered since they were permanently deleted,
Continue ReadingBy Brian Fung, CNN (CNN) — After staging a widespread blackout to protest Reddit’s plans for a controversial new pricing policy, some users are now trying a different tactic: flooding the social network with John Oliver pictures. Several of Reddit’s largest self-moderated communities, including r/pics and r/aww, have turned spaces that were once devoted to
Continue ReadingCNN By Elisabeth Buchwald, CNN New York (CNN) — Central bankers across the globe are delivering a message: Slow and steady won’t win the race against inflation. “If we don’t raise rates now, high inflation can stay with us for longer,” Bank of England Governor Andrew Bailey said after raising interest rates unexpectedly by half
Continue ReadingBy Anna Cooban, CNN London (CNN) — The UK government and the country’s biggest banks met Friday in a bid to defuse a looming mortgage crisis that threatens hardship for millions and represents a huge political headache for Prime Minister Rishi Sunak. The lenders — which account for more than three-quarters of the UK mortgage
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Workers at about 150 unionized Starbucks stores in the United States are going on strike Friday over a dispute about the coffee chain’s policy for Pride decorations in stores. Starbucks (SBUX) Workers United, the union representing organized stores, has claimed that Starbucks (SBUX) has restricted decorations celebrating
Continue ReadingBy Danielle Wiener-Bronner, CNN New York (CNN) — Soon, Americans are going to be able to try chicken that comes directly from chicken cells rather than, well, a chicken. On Wednesday, the USDA gave Upside Foods and Good Meat the green light to start producing and selling their lab-grown, or cultivated, chicken products in the
Continue ReadingBy Laura He and Olesya Dmitracova, CNN Hong Kong/London (CNN) — Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks would tip major economies into a prolonged recession. Hong Kong’s Hang Seng (HSI) Index led the losses, closing 1.7% down. Japan’s Nikkei 225
Continue ReadingBy Laura He, CNN Hong Kong (CNN) — China has signed letters of intent to cooperate with many European corporate giants, as it attempts to mend relations damaged by Beijing’s perceived support for Moscow throughout the war in Ukraine. The agreements were signed this week between China’s top economic planner and European manufacturing conglomerates, including
Continue ReadingBy Oliver Darcy, CNN (CNN) — Journalists could soon enjoy greater protections under federal law. A bipartisan group of US senators and congressmen united this week to reintroduce the Protect Reporters from Exploitive State Spying Act, or as it is more commonly known, the PRESS Act. The legislation, which passed the House last year but
Continue ReadingBy Samantha Delouya, CNN (CNN) — 3M announced Thursday that it had reached an agreement to settle lawsuits that claimed that toxic “forever chemicals” had contaminated water supplies in the United States. The company — which produces Post-It notes, Scotch Tape, and n95 masks, among other industrial products — said it would pay up to
Continue ReadingBy Brian Fung, CNN (CNN) — TikTok’s chief operating officer Vanessa Pappas is leaving the company, according to an internal memo obtained by CNN, after spending several tumultuous years as its top public advocate and a champion of TikTok creators in the face of accusations the platform poses a national security risk. Pappas, who is
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