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By Jordan Valinsky, CNN Business New York (CNN) — Taco John’s, the regional chain that has “Taco Tuesday” trademarked, announced Tuesday that it’s ending its fight in defending the phrase and will “abandon” it because it doesn’t want to pay the legal fees that come with a fight against Taco Bell. “We’ve always prided ourselves

By Brian Fung, CNN (CNN) — The United Nations should create a new international body to help govern the use of artificial intelligence as the technology increasingly reveals its potential risks and benefits, according to UN Secretary-General António Guterres. The UN has an opportunity to set globally agreed-upon rules of the road for monitoring and

CNN By Brian Fung, CNN (CNN) — The United Nations should create a new international body to help govern the use of artificial intelligence as the technology increasingly reveals its potential risks and benefits, according to UN Secretary-General António Guterres. The UN has an opportunity to set globally agreed-upon rules of the road for monitoring

By Samantha Murphy Kelly, CNN Business (CNN) — Microsoft on Tuesday announced a more secure version of its AI-powered Bing specifically for businesses and designed to assure professionals they can safely share potentially sensitive information with a chatbot. With Bing Chat Enterprise, the user’s chat data will not be saved, sent to Microsoft’s servers or

Reuters Spain’s antitrust regulator has imposed fines worth a total of €194.1 million ($218 million) on Amazon and Apple for colluding to restrict competition on the Amazon website in Spain. The two contracts the companies signed on October 31, 2018, granting Amazon the status of authorized Apple dealer, included anti-competitive clauses that affected the online

By Jordan Valinsky, CNN Business New York (CNN) — In-N-Out employees in five US states will no longer be allowed to wear masks as part of new company guidelines that “emphasize the importance of customer service,” notably showing their smiles, according to a new policy issued by the fast food chain. Beginning August 14, employees

By Bryan Mena, CNN Washington, DC (CNN) — Spending at US retailers rose in June for the third month in a row, in a subdued show of resilience from American consumers. Retail spending, which is adjusted for seasonality but not inflation, rose 0.2% in June, the Commerce Department reported Tuesday. That was a slower pace

By Chris Isidore, CNN New York (CNN) — How many actors does it take to make the movies and shows produced by studios and streaming services? SAG-AFTRA, the actors union that has had 160,000 members on strike since last week, is afraid that artificial intelligence will lead to far fewer employed actors in the future.

By Jordan Valinsky, CNN Business New York (CNN) — Peacock, the NBCUniversal-owned streaming service, is getting its first-ever price hike. Beginning immediately, new users will have to pay $5.99 monthly for a premium subscription (up from $4.99) and $11.99 per month for its premium plus tier, which is mostly ad-free, up from $9.99. An annual

By Hanna Ziady, CNN London (CNN) — More than 230 economists and political leaders have called on the United Nations and the World Bank to do more to tackle the widening gap between the rich and poor around the world, a problem they say many governments are ignoring. In an open letter published Monday and

By Caolán Magee, CNN (CNN) — A first-edition 2007 Apple iPhone has sold for more than $190,000 at auction, far exceeding the estimate. Dubbed the “Holy Grail” by auctioneer LCG Auctions, the 4GB model was expected to fetch in the region of $50,000-$100,000. But after attracting 28 bids online, the phone’s value quickly rose and

CNN By Caolán Magee, CNN (CNN) — A first-edition 2007 Apple iPhone has sold for more than $190,000 at auction, far exceeding the estimate. Dubbed the “Holy Grail” by auctioneer LCG Auctions, the 4GB model was expected to fetch in the region of $50,000-$100,000. But after attracting 28 bids online, the phone’s value quickly rose

By Brian Fung and Sean Lyngaas, CNN (CNN) — The next time you’re in the market for a smart TV, fitness tracker or other connected gadget, you could see a new US government-backed label identifying some products as being particularly hardened against hackers. On Tuesday, the Biden administration announced it’s moving to implement a cybersecurity

By Laura He, CNN Hong Kong (CNN) — Evergrande Group, the world’s most indebted property developer, has posted long-delayed financial results as a key part of its debt restructuring, which is shaping up to be one of the largest in Chinese corporate history. The company reported losses attributable to shareholders of 476 billion yuan ($66

By Krystal Hur, CNN New York (CNN) — Angelo Mozilo, former chief executive of Countrywide Financial and a key player in the subprime mortgage meltdown that led to the 2008 financial crisis, died Sunday. “It is with great sadness that the family of Angelo Robert Mozilo announces his passing from natural causes. The family requests

By Elisabeth Buchwald, CNN New York (CNN) — Even though inflation is cooling, drivers can’t seem to catch a break. Just about everything besides gas is costing car owners more. And if you depend on your car to get around, the price increases are likely inescapable. For instance, car repairs are up 20% compared to

By Marshall Cohen, CNN (CNN) — Trump allies Michael Flynn and Steve Bannon have been subpoenaed by Smartmatic as part of the voting technology company’s massive defamation lawsuits against Fox News and Newsmax over their promotion of 2020 election lies. Court filings made public last week in New York and Delaware indicate that Flynn and

By Bryan Mena, CNN Washington, DC (CNN) — Some Federal Reserve officials are already advocating for two consecutive rate hikes starting this month to ensure inflation’s defeat, but will their sway hold amid a shakeup at the Fed committee that decides interest rates? Probably. St. Louis Fed President James Bullard, the Fed’s most hawkish voice,

By Ramishah Maruf, CNN New York (CNN) — Democratic Senator Elizabeth Warren asked the SEC to investigate Tesla and its board of directors to determine whether they violated securities laws after CEO Elon Musk took over Twitter last year. In a nine-page letter to the Securities and Exchange Commission Monday, the Massachusetts senator said Elon

By Eva Rothenberg, CNN (CNN) — Ford announced on Monday that it is slashing prices significantly for its electric F-150 Lightning pickup truck. Since the F-150 Lightning’s release in mid-2021, the auto manufacturer has raised prices several times, citing in part “significant material cost increases” for key electric vehicle battery components like lithium, cobalt, and