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By Pete Muntean, CNN (CNN) — As millions of Americans are expected to pack commercial flights over the July 4th holiday, the union representing the Federal Aviation Administration’s air traffic controllers says a recent government watchdog report is proof the agency and Congress must fix a “flawed staffing model.” “The status quo is no longer
Continue ReadingBy Jeanne Sahadi, CNN New York (CNN) — If you work best having a routine in a predictable environment next to people you know, you may soon find going to the office unsettling. That’s because many employers are starting to use so-called “hot desking” — also known as “hoteling,” “dynamic seating” or “agile seating.” Translation:
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve has two goals: to keep inflation under control and to strive for maximum employment. Mike Pence, who served as Donald Trump’s vice president and is vying to helm the White House, is campaigning on eliminating the Fed’s employment mandate. It wouldn’t be a terrible
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — James Crown, a billionaire businessman who held several leadership roles including board member of JPMorgan Chase, died Sunday in a racing accident in Colorado. Crown, who also turned 70 on Sunday, died in the single-vehicle crash after colliding with an impact barrier at Aspen Motorsports Park in
Continue ReadingCNN By Matt Egan, CNN New York (CNN Business) — The heatwave leaving tens of millions of Americans in sweltering temperatures will test the power grid’s ability to keep the lights on. Periods of extreme heat stress the grid by spiking demand for electricity as families and businesses crank up the air conditioning to stay
Continue ReadingBy Matt Egan, CNN New York (CNN Business) — The heatwave leaving tens of millions of Americans in sweltering temperatures will test the power grid’s ability to keep the lights on. Periods of extreme heat stress the grid by spiking demand for electricity as families and businesses crank up the air conditioning to stay cool.
Continue ReadingBy Brian Fung, CNN Washington (CNN) — The Biden administration on Monday outlined how states across the country will be receiving billions of dollars in federal funding for high-speed internet access, highlighting the US government’s push to bring connectivity to more Americans and to close the digital divide. More than $42 billion from the 2021
Continue ReadingBy Peter Valdes-Dapena, CNN New York (CNN) — British ultra-luxury sports car maker Aston Martin has signed a deal with Lucid Group, the California-based electric luxury car startup. Lucid will provide electric motors under the arrangement and battery systems for Aston Martin’s future electric vehicles. Aston Martin announced last year that it plans to produce
Continue Readingby Oliver Darcy, CNN New York (CNN) — Fox News on Monday unveiled a revamped prime-time lineup, naming a new 8 pm host to fill the void left by Tucker Carlson’s firing and shuffling its biggest stars around to boost sagging ratings as viewers rebel to protest the popular host’s dismissal. The right-wing network announced
Continue ReadingBy Brian Fung, CNN Washington (CNN) — The Biden administration on Monday outlined how states across the country will be receiving billions of dollars in federal funding for high-speed internet access, highlighting the US government’s push to bring connectivity to more Americans and to close the digital divide. More than $42 billion from the 2021
Continue ReadingBy Krystal Hur, CNN New York (CNN) — Russia’s currency hit its lowest level in nearly 15 months on Monday after Wagner mercenaries led a short-lived rebellion against the Kremlin over the weekend. The ruble briefly traded at around 87 per US dollar before paring back some of its losses, last trading at around 84.40
Continue ReadingCNN By Krystal Hur, CNN New York (CNN) — Russia’s currency hit its lowest level in nearly 15 months on Monday after Wagner mercenaries led a short-lived rebellion against the Kremlin over the weekend. The ruble briefly traded at around 87 per US dollar before paring back some of its losses, last trading at around
Continue ReadingBy Michelle Toh, CNN (CNN) — HSBC is halving the size of its global headquarters and moving out of Canary Wharf, a business district built in the abandoned docklands of east London in the 1980s. Europe’s biggest bank confirmed Monday that it would give up the lease on its prominent tower of 40-plus stories in
Continue ReadingBy Jordan Valinsky, CNN Business New York (CNN) — More than 7,800 flights across the United States were delayed or canceled Monday after powerful storms ripped through the parts of the country, mainly in the Southeast and the Ohio Valley. Data from FlightAware showed that on Monday evening, 6,196 flights within, into or out of
Continue ReadingCNN By Samantha Delouya, CNN (CNN) — Earlier this month, scientists at the US National Oceanic and Atmospheric Administration (NOAA) confirmed that the climate event known as El Niño has officially emerged for the first time in more than four years, and it’s expected to be strong this time around. The phenomenon generally has a
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — The fight for the “Taco Tuesday” trademark is getting spicy. Taco John’s, a regional chain, has responded to Taco Bell’s effort to liberate the phrase so that anyone can use it. In a filing Friday, responding to Taco Bell’s petition to “cancel” the trademark, Taco John’s parent
Continue ReadingBy Nicole Goodkind, CNN New York (CNN) — It’s hard to remain cheery as economic conditions go soft, stocks bounce around with whiplash-inducing volatility and inflation remains stickier than superglue. But there’s hope for markets yet — some economists say that these rough waters create new opportunities (along with some risks) for investors. What’s happening:
Continue ReadingBy Michelle Toh, CNN (CNN) — PwC, one of the world’s big four consulting firms, is selling its government advisory business in Australia for just cents after a scandal left its reputation there in shreds. The company announced its “exit from all government advisory work” Sunday after a former tax partner was allegedly found to
Continue ReadingBy Alicia Wallace, CNN Minneapolis (CNN) — Some welcome news for renters: The US median rent in May fell from May 2022, the first annual rent decline in at least three years, according to a Realtor.com report released Monday. In May, the national median asking rent was $1,739, which was up a skosh ($3) from
Continue ReadingBy Laura He and Mark Thompson, CNN Hong Kong/London (CNN) — Oil and natural gas prices climbed Monday, while wheat prices briefly spiked higher, as investors reacted to the weekend’s brief and chaotic insurrection in Russia. Markets were largely focused on whether the turmoil in Moscow could disrupt global commodity supplies. Russia is the world’s
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