Skip to Content
By Nathaniel Meyersohn, CNN The Covid-19 pandemic crushed all-you-can-eat buffets. The owner of Old Country Buffet and Furr’s Fresh Buffet filed for bankruptcy in 2021. About the same time, so did Cicis and the owner of Souplantation and Sweet Tomatoes. Operators cited occupancy restrictions, bans and health concerns. But now buffets are making a comeback.
Continue ReadingBy Jordan Valinsky, CNN Jenny Craig, the weight-loss chain, has confirmed that it’s shutting down for good. “It’s with a heavy heart, we’re announcing the close of our business,” a note on its Facebook page late Thursday. “The last 40 years would not have been possible without you.” Uncertainty surrounding its future started last week
Continue ReadingBy Anna Cooban, CNN A basket of stocks selected by ChatGPT, a chatbot powered by artificial intelligence (AI), has far outperformed some of the most popular investment funds in the United Kingdom. Between March 6 and April 28, a dummy portfolio of 38 stocks gained 4.9% while 10 leading investment funds clocked an average loss
Continue ReadingBy Nathaniel Meyersohn, CNN Accidents on sidewalks and intersections. Dangerously congested bike paths. Delivery workers with nowhere to pee. Exploding electric bikes and scooters. New York City is known for fast meals and easy access to everything, but its public spaces are being severely strained by the surge in on-demand deliveries, fueled by a pandemic
Continue ReadingFrom CNN’s Alicia Wallace, Krystal Hur and Bryan Mena The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Continue ReadingBy Alicia Wallace, CNN The US labor market that was poised for a spring cool just got a touch of heat. The economy added 253,000 jobs in April, according to data released Friday by the Bureau of Labor Statistics. It’s a surprising increase at a time when many indicators were pointing to a slowdown in
Continue ReadingBy Michelle Toh and Anna Cooban, CNN HSBC has seen off an attempt by its biggest shareholder to break up the bank, with an “overwhelming majority” of investors voting Friday to keep the business intact. Shareholders of Europe’s biggest bank gathered at its annual general meeting in the English city of Birmingham Friday. One particularly
Continue ReadingBy Andrew McNicol, CNN First they were seen as cage-fighting meat heads. Then testosterone-fueled trash talkers wearing expensive suits. Could 2023 be the year mixed-martial arts (MMA) in the United States finally returns to its pure, humble beginnings nurtured in Asia nearly 5,000 years ago? “Our mission is not to stage the biggest, bloodiest fights
Continue ReadingBy Laura He, CNN Australia’s exports to China hit a record high in March, as Chinese buyers snapped up Australian commodities from coal to iron ore amid a thaw in bilateral relations. The country’s shipments to China reached 19 billion Australian dollars ($12.8 billion) in March, up 28% from the previous month and 31% from
Continue ReadingBy Rhea Mogul and Manveena Suri, CNN Authorities in the northeastern Indian state of Manipur have issued “shoot-at-sight” orders after violence broke out this week between tribal and non-tribal groups that saw properties and vehicles set ablaze. The state’s governor, Anusuiya Uikey, issued the order on Thursday in a bid to “maintain public order and
Continue ReadingCNN By Vanessa Yurkevich, CNN Already strained movie theater companies could be hurt most from the Writers Guild of America strike, according to an analysis released Thursday. The strike by film and TV writers entered its third day Thursday, with no negotiations currently scheduled with the Alliance of Motion Pictures and Television Producers, which represents
Continue ReadingBy Vanessa Yurkevich, CNN Already strained movie theater companies could be hurt most from the Writers Guild of America strike, according to an analysis released Thursday. The strike by film and TV writers entered its third day Thursday, with no negotiations currently scheduled with the Alliance of Motion Pictures and Television Producers, which represents management
Continue ReadingBy Jordan Valinsky, CNN Business Paramount Global shares plunged more than 25% after a dismal first-quarter earnings report. Citing a weak advertising market in its TV business, the company also cut its dividend sharply. Paramount+ reached 60 million global subscribers and revenue grew 65% year over year. But losses of its direct-to-consumer unit grew to
Continue ReadingBy Lauren del Valle, Nicki Brown and Sabrina Souza, CNN A Manhattan jury found Ed Sheeran’s hit “Thinking Out Loud” did not infringe on the copyright of the classic Marvin Gaye song “Let’s Get It On.” The jury determined that Sheeran did not wrongfully copy compositional elements or melodies from “Let’s Get It On.” The
Continue ReadingBy Jordan Valinsky, CNN Business Anheuser-Busch InBev CEO Michel Doukeris addressed the Bud Light controversy in the company’s earnings call Thursday, saying it’s “too early to have a full view” of the impact of sponsoring an Instagram post by transgender influencer Dylan Mulvaney. “The Bud Light volume decline in the US over the first three
Continue ReadingBy Nathaniel Meyersohn, CNN Kroger will pay $68 million to resolve a lawsuit in West Virginia alleging the company contributed to the oversupply of opioids in the state and failed to maintain effective controls. West Virginia Attorney General Patrick Morrisey on Thursday announced the settlement in a statement. Kroger was the last remaining defendant in
Continue ReadingBy Oliver Darcy, CNN Business Fox said in a court filing Wednesday that it settled the monster defamation lawsuit brought by Dominion Voting Systems for $787.5 million to “buy peace,” and strongly opposed motions to unseal additional redacted material in the case. “Fox agreed to settle this case, with this Court’s encouragement, in large part
Continue ReadingBy Anna Bahney, CNN The only thing consistent about mortgage rates right now is that they are volatile in the wake of mixed economic signals and recent bank failures. Mortgage rates ticked down this week, after climbing for two weeks in a row. The 30-year fixed-rate mortgage averaged 6.39% in the week ending May 4,
Continue ReadingBy Krystal Hur, CNN Western Alliance Bank denied reports that it’s exploring a sale or has hired an advisor to explore strategic options. Shares of the regional bank tumbled 36% Thursday, slightly paring back its losses after plunging over 50% at one point on reports that the company is the regional bank latest to explore
Continue ReadingBy Alicia Wallace, CNN If the latest employment trends continue and economists’ forecasts prove true, Friday’s jobs report could bring back that pre-pandemic feeling. Economists expect the US economy to have added 180,000 jobs in April, according to consensus estimates on Refinitiv. Excluding the losses during the first year of the pandemic, that would be
Continue Reading