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The hackers behind one of the worst data breaches ever to hit the US government have launched a new global cyberattack on more than 150 government agencies, think tanks and other organizations, according to Microsoft. The group, which Microsoft calls “Nobelium,” targeted 3,000 email accounts at various organizations this week — most of which were
Continue ReadingBitcoin investors have sold in May. It remains to be seen if they’re going away for good. Bitcoin prices fell 8% Friday and have plunged about 36% in May — their worst monthly performance since September 2011. A steady torrent of bad news has sent bitcoin spiraling downward since it hit an all-time high above
Continue ReadingAs the Reddit crowd piles in, AMC shares are soaring — and no, that’s not a headline from late January. What’s happening: Shares of AMC Entertainment have shot up nearly 120% this week as amateur investors show renewed enthusiasm for the movie theater chain. They climbed 36% on Thursday alone, reaching their highest level since
Continue ReadingNike said it cut ties with Neymar last year because the Brazilian soccer superstar refused to cooperate with an inconclusive investigation into sexual assault allegations made by one of the company’s employees. The sports apparel giant confirmed in a statement to CNN Business late Thursday that its decision stemmed from accusations a Nike employee brought
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What do lotteries, fishing licenses and college scholarships have in common? They’re all part of dozens of innovative freebies being given away for people to get a Covid-19 vaccine, as some states have recently offered big prizes for people to get vaccinated. Now, companies are joining the same effort. Kroger and CVS Health will begin
Continue ReadingCostco is bringing back a pre-pandemic staple: Food samples. The warehouse chain announced that it’s “beginning a phased return to full sampling” early next month after a 14-month hiatus. Roughly 170 US locations will bring back food samples in the first week of June with “most of the remaining locations” returning toward the end of
Continue ReadingThe biggest names in tech are locked in an increasingly tense stand-off with India over strict new social media rules they fear will erode privacy, usher in mass surveillance and harm business in the world’s fastest growing market. This week’s events underscore the challenges facing Facebook, Twitter and Google as they try to navigate an
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “This weekend poses the first real test of the summer box office,” Brian Lowry writes, “with a pair of complementary titles based on proven intellectual property: ‘A Quiet Place Part II’ and ‘Cruella.’” Box Office
Continue ReadingA key part of insurance company Lemonade’s pitch to investors and customers is its ability to disrupt the normally staid insurance industry with artificial intelligence. It touts friendly chatbots like AI Maya and AI Jim, which help customers sign up for policies for things like homeowners’ or pet health insurance, and file claims through Lemonade’s
Continue ReadingFlorida’s new law prohibiting social media platforms from suspending politicians is just days old. But it’s already being challenged in court by the tech industry. On Thursday, a pair of technology trade groups filed a legal challenge to SB 7072, the hot-button legislation signed by Gov. Ron DeSantis this week that promises stiff fines against
Continue ReadingGet your popcorn ready! It looks like the AMC stock surge sequel may be the feel good hit of the summer. Shares of AMC soared about 36% Thursday as investors on the popular Reddit WallStreetBets board were once again touting the stock in an effort to hurt short sellers who have bet against the theater
Continue ReadingJobless claims are at a Covid-era low, and people are increasingly looking for work as various states prepare to cut back their enhanced pandemic unemployment benefits. This might look like a slam dunk for critics of those payments — but experts say the connection isn’t as straightforward as it might seem. “We still don’t know
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JPMorgan Chase CEO Jamie Dimon suggested Thursday that companies are having trouble hiring in part because some Americans don’t feel like working right now. Asked about the record high 8.1 million job openings recorded in March, the CEO said there are many causes, including challenges with reopening schools and the enhanced unemployment benefits enacted during
Continue ReadingA nasty surprise awaits the 34 million drivers expected to hit US roads this Memorial Day weekend — the highest gas prices in seven years. And that could be the least of the problems for the those taking to the highways for summer vacations. The gas shortages experienced earlier this month when a key pipeline
Continue ReadingAfter a year of exercising by streaming spin and rowing classes in their living rooms and lifting weights in their basements, fitness enthusiasts are heading back to their gyms and boutique studios to sweat it out again as vaccines ramp up and Covid-19 restrictions ease. But boutique gyms that pivoted to the web during the
Continue ReadingThe company that syndicated Rush Limbaugh’s program, Premiere Networks, announced Thursday that Clay Travis and Buck Sexton will launch a new three-hour show in his old time slot. The program, “The Clay Travis & Buck Sexton Show,” will begin airing June 21 from 12 p.m. to 3 p.m., Premiere Networks said. Travis, 42, and Sexton,
Continue ReadingThe economy is recovering but plenty of pandemic-era problems remain: Working parents are struggling to find adequate child care, and people in jobs that require face-to-face interactions must weigh the health risks of returning to work. Big retailers are taking notice, Best Buy CEO Corie Barry told CNN Business’ Nathaniel Meyersohn during a media call
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CVS Health is tempting people who are hesitant to get the Covid-19 vaccine with lavish prizes — some of which were forbidden just a year ago. The pharmacy chain announced Thursday that people who plan to receive or have received a Covid-19 vaccine at CVS can enter its new “One Step Closer” sweepstakes and win
Continue ReadingDoctors and nurses aren’t likely to be strutting down runways in Milan or New York in their scrubs. But if they did appear in fashion shows, they’d likely wear outfits designed by FIGS, the trendy health care apparel company that went public Thursday. Shares of FIGS surged more than 35% from their initial public offering
Continue ReadingJason Kilar, whose future as CEO of WarnerMedia had been in some doubt recently, said Thursday he will remain in the job until at least 2022. Kilar announced the decision to WarnerMedia employees at a celebration of the one-year anniversary of the company’s streaming service HBO Max. “My plan and my focus is to remain
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