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CNN By Wayne Sterling, CNN (CNN) — Prior to a truce between the PGA Tour and LIV Golf last month, an adviser to the Saudi Public Investment Fund proposed that Tiger Woods and Rory McIlroy could own LIV Golf teams and play in the Saudi-backed tour, according to a 276-page report released by the US
Continue ReadingBy Matt Egan, CNN Business New York (CNN Business) — More than 1,000 major companies pledged to leave Russia after Vladimir Putin launched his devastating war in Ukraine, but some well-known firms stand accused by researchers of violating their pledge. Not every company on the list left, but more than 1,000 exited. That unprecedented corporate
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse. SVB operated in Daly’s district before the regional bank’s stunningly rapid failure in March, but she
Continue ReadingBy Jeanne Sahadi, CNN New York (CNN) — Credit cards can quickly go from being convenient to costly if you don’t pay what you owe on time. On top of the record-high interest rates you’re already subject to, which quickly increase the original balance you owe, you could be hit with late fees if you
Continue ReadingBy Brian Fung, CNN Washington (CNN) — The European Union on Monday gave final approval to an agreement with the US government that restores the ability for thousands of businesses to easily transfer the personal information of European citizens to servers located in the United States, and vice versa, in the face of surveillance concerns
Continue ReadingBy Brian Fung, CNN Washington (CNN) — The European Union on Monday gave final approval to an agreement with the US government that restores the ability for thousands of businesses to easily transfer the personal information of European citizens to servers located in the United States, and vice versa, in the face of surveillance concerns
Continue ReadingBy Chris Isidore, CNN New York (CNN) — One of Elon Musk’s least-favorite Twitter users is moving to Meta’s competing platform Threads. Jack Sweeney — the 20-year-old Florida college student who started the ElonJet Twitter account that used a bot to track the location of Musk’s private jet using publicly available data — started an
Continue ReadingBy Catherine Thorbecke, CNN (CNN) — Comedian Sarah Silverman and two authors are suing Meta and ChatGPT-maker OpenAI, alleging the companies’ AI language models were trained on copyrighted materials from their books without their knowledge or consent. The pair of lawsuits against OpenAI and Facebook-parent Meta were filed in a San Francisco federal court on
Continue ReadingBy Catherine Thorbecke, CNN (CNN) — Comedian Sarah Silverman and two authors are suing Meta and ChatGPT-maker OpenAI, alleging the companies’ AI language models were trained on copyrighted materials from their books without their knowledge or consent. The pair of lawsuits against OpenAI and Facebook-parent Meta were filed in a San Francisco federal court on
Continue ReadingBy Jordan Valinsky, CNN Business New York (CNN) — For being less than two years old, Prime energy and sport drinks are already enduring a major growth spurt. Prime launched in January 2022 and is a joint creation between influencers (and former boxing rivals) Logan Paul from the US and Olajide “KSI” Olatunji, who is
Continue ReadingBy Chris Isidore, CNN New York (CNN) — One of Elon Musk’s least-favorite Twitter users is moving to Meta’s competing platform Threads. Jack Sweeney — the 20-year-old Florida college student who started the ElonJet Twitter account that used a bot to track the location of Musk’s private jet using publicly available data — started an
Continue ReadingBy Liam Reilly, CNN (CNN) — The New York Times will shut down its sports desk and shift its daily coverage of athletes and teams to The Athletic, the newspaper announced Monday. The decision to dismantle The Times’ long-standing Sports desk comes as the paper aims to provide a “greater abundance of sports coverage than
Continue ReadingBy Brian Fung, CNN Washington (CNN) — Twitter has weathered months, if not years, of mismanagement as well as mass layoffs, frequent service disruptions and an exodus of top advertisers, but the launch of a rival app from Meta could prove to be the final straw. Threads surpassed 100 million users this weekend, less than
Continue ReadingCNN By Brian Fung, CNN Washington (CNN) — Twitter has weathered months, if not years, of mismanagement as well as mass layoffs, frequent service disruptions and an exodus of top advertisers, but the launch of a rival app from Meta could prove to be the final straw. Threads surpassed 100 million users this weekend, less
Continue ReadingBy Brian Fung, CNN Washington (CNN) — Twitter has weathered months, if not years, of mismanagement as well as mass layoffs, frequent service disruptions and an exodus of top advertisers, but the launch of a rival app from Meta could prove to be the final straw. Threads surpassed 100 million users this weekend, less than
Continue ReadingCNN By Brian Fung, CNN Washington (CNN) — Twitter has weathered months, if not years, of mismanagement as well as mass layoffs, frequent service disruptions and an exodus of top advertisers, but the launch of a rival app from Meta could prove to be the final straw. Threads surpassed 100 million users this weekend, less
Continue ReadingCNN By Frederik Pleitgen and Anna Cooban, CNN Berlin/London (CNN) — Rheinmetall will open an armored vehicle plant in Ukraine within the next 12 weeks, shrugging off concerns other Western defense companies reportedly have about building a presence in the country while it is at war with Russia. Germany’s biggest arms maker will also train
Continue ReadingCNN By Frederik Pleitgen and Anna Cooban, CNN Berlin/London (CNN) — Rheinmetall will open an armored vehicle plant in Ukraine within the next 12 weeks, shrugging off concerns other Western defense companies reportedly have about building a presence in the country while it is at war with Russia. Germany’s biggest arms maker will also train
Continue ReadingBy Elisabeth Buchwald, CNN New York (CNN) — Federal Reserve Vice Chair for Supervision Michael Barr said Monday he is proposing stricter bank capital requirements in light of three major US bank failures earlier this year. Banks with at least $100 billion in assets would be subject to similar regulation that banks with $700 billion
Continue ReadingBy Jordan Valinsky, CNN Business New York (CNN) — Mexican-made Modelo Especial is the top-selling beer in the United States for the second straight month, once again snatching the crown from Bud Light. For the four weeks ending on July 1, Modelo Especial captured 8.7% of overall beer sales, compared to Bud Light’s 7% share,
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