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By Catherine Thorbecke, CNN New York (CNN) — Niantic, the creator of hit mobile game Pokemon Go, announced it is laying off 230 employees and reorganizing its business as it grapples with new macroeconomic uncertainty. In a letter to staff announcing the job cuts, Niantic CEO John Hanke said the company is taking other significant
Continue ReadingBy Catherine Thorbecke, CNN New York (CNN) — Niantic, the creator of hit mobile game Pokemon Go, announced it is laying off 230 employees and reorganizing its business as it grapples with new macroeconomic uncertainty. In a letter to staff announcing the job cuts, Niantic CEO John Hanke said the company is taking other significant
Continue ReadingBy Sean Lyngaas, CNN (CNN) — Taiwanese semiconductor giant TSMC confirmed Friday that one of its hardware suppliers was hacked and had data stolen from it, but said the incident had no impact on business operations. Confirmation of the breach came after Russian-speaking cybercriminals claimed TSMC as a victim on Thursday and demanded an extraordinary
Continue ReadingBy Sean Lyngaas, CNN (CNN) — Taiwanese semiconductor giant TSMC confirmed Friday that one of its hardware suppliers was hacked and had data stolen from it, but said the incident had no impact on business operations. Confirmation of the breach came after Russian-speaking cybercriminals claimed TSMC as a victim on Thursday and demanded an extraordinary
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — With inflation continuing to slow, US consumers are taking notice — and they’re feeling more optimistic. Consumer sentiment tracked by the University of Michigan improved in June, according to a final reading, up 9% from May. That was due to inflation’s steady retreat in recent months and
Continue ReadingCNN By Michelle Toh, CNN Dortmund, Germany (CNN) — Dozens of Europe’s top business leaders have pushed back on the European Union’s proposed legislation on artificial intelligence, warning that it could hurt the bloc’s competitiveness and spur an exodus of investment. In an open letter sent to EU lawmakers Friday, C-suite executives from companies including
Continue ReadingBy Michelle Toh, CNN Dortmund, Germany (CNN) — Dozens of Europe’s top business leaders have pushed back on the European Union’s proposed legislation on artificial intelligence, warning that it could hurt the bloc’s competitiveness and spur an exodus of investment. In an open letter sent to EU lawmakers Friday, C-suite executives from companies including Siemens
Continue ReadingBy Michelle Toh, CNN Dortmund, Germany (CNN) — Dozens of Europe’s top business leaders have pushed back on the European Union’s proposed legislation on artificial intelligence, warning that it could hurt the bloc’s competitiveness and spur an exodus of investment. In an open letter sent to EU lawmakers Friday, C-suite executives from companies including Siemens
Continue ReadingCNN By Michelle Toh, CNN Dortmund, Germany (CNN) — Dozens of Europe’s top business leaders have pushed back on the European Union’s proposed legislation on artificial intelligence, warning that it could hurt the bloc’s competitiveness and spur an exodus of investment. In an open letter sent to EU lawmakers Friday, C-suite executives from companies including
Continue ReadingBy Alicia Wallace, CNN Minneapolis (CNN) — The Federal Reserve’s preferred inflation gauge cooled off last month, and consumers reined in some spending as the economy slows, according to data released Friday by the Commerce Department. The Personal Consumption Expenditures price index rose 3.8% for the 12 months ended in May, which was down from
Continue ReadingBy Jennifer Korn and Nicole Goodkind, CNN New York (CNN) — Apple’s stock ended trading Friday valued at $3 trillion, the only company ever to reach that milestone. It has been riding a Big Tech stock wave that has given the Nasdaq its best first half gain in 40 years. Shares of Apple rose more
Continue ReadingBy Jennifer Korn and Nicole Goodkind, CNN New York (CNN) — Apple’s stock ended trading Friday valued at $3 trillion, the only company ever to reach that milestone. It has been riding a Big Tech stock wave that has given the Nasdaq its best first half gain in 40 years. Shares of Apple rose more
Continue ReadingBy Samantha Delouya, CNN (CNN) — The state of California is about to give movie and TV studios a new lucrative tax perk. A bill awaiting California Gov. Gavin Newsom’s signature would extend the state’s tax incentive program for film and TV productions for five years but with a key update: Studios with more tax
Continue ReadingCNN By Clare Duffy, CNN New York (CNN) — Dylan Mulvaney on Thursday broke her silence about the fallout that occurred after the trans influencer made two Instagram posts sponsored by Bud Light earlier this year. Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and
Continue ReadingCNN By Clare Duffy, CNN New York (CNN) — Dylan Mulvaney on Thursday broke her silence about the fallout that occurred after the trans influencer made two Instagram posts sponsored by Bud Light earlier this year. Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and
Continue ReadingCNN By Chris Isidore, CNN New York (CNN) — Some very famous faces could soon be on picket lines as the union representing about 160,000 actors prepares to possibly go on strike against major studios and streaming services. The current contract for the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) expires at
Continue ReadingBy Laura He, CNN Hong Kong (CNN) — China’s Trip.com, one of the world’s largest online travel agencies, is introducing new childcare subsidies worth 1 billion yuan ($138 million) to encourage its 32,000 employees to have kids. Workers who have been with the company for at least three years will receive an annual bonus of
Continue ReadingBy Matt Egan, CNN New York (CNN) — The roads will be crowded this Fourth of July weekend, but travelers have at least one thing going for them: much cheaper gas prices than last year. A record-setting 43.2 million Americans are expected to travel by car this holiday weekend, according to AAA. That’s 2.4% higher
Continue ReadingBy Anna Cooban, CNN London (CNN) — Inflation in Europe slowed for the second straight month in June. Consumer prices in the 20 countries that use the euro rose 5.5% this month compared with a year ago, according to an estimate released by the European Union’s statistics agency Friday. That’s down from 6.1% in May.
Continue ReadingBy Rhea Mogul, CNN (CNN) — The embattled leader of India’s main opposition Congress party visited crisis-hit Manipur and met with its displaced residents on Thursday, after his convoy was initially stopped by police near the state capital. Rahul Gandhi’s visit comes as the northeastern state grapples with ongoing ethnic violence in which more than
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