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By Brian Fung, CNN Privacy and security experts widely panned a new feature that Twitter unveiled Wednesday that encrypts some direct messages between users, raising questions about the future of user safety on the platform. Twitter’s early efforts at securing direct messages with encryption appear to be riddled with caveats, flaws and risks that may
Continue ReadingCNN By Brian Fung, CNN Privacy and security experts widely panned a new feature that Twitter unveiled Wednesday that encrypts some direct messages between users, raising questions about the future of user safety on the platform. Twitter’s early efforts at securing direct messages with encryption appear to be riddled with caveats, flaws and risks that
Continue ReadingBy Andrea Cambron, Jason Carroll and Chris Isidore, CNN Norfolk Southern is spelling out how it will compensate East Palestine, Ohio, homeowners whose homes lost value due to the railroad’s February derailment. In a letter to a bipartisan group of senators on the Commerce, Science and Transportation committee, Norfolk Southern said it would initially compensate
Continue ReadingBy Peter Valdes-Dapena, CNN Business With a new business unit introduced Wednesday, General Motors is taking direct aim at Ford Motor Co.’s lucrative fleet business. GM Envolve will work closely with large business and government fleet customers to tie them more closely to GM’s other businesses. Last year, Ford announced the creation of Ford Pro
Continue ReadingBy Allison Morrow, CNN Shares of PacWest Bancorp tumbled Thursday after the regional bank reported that customers had recently drawn down about 9.5% of total deposits. The bank’s stock briefly fell 30% before being halted for volatility Thursday. Shares resumed trading and finished down about 23%. PacWest is one of several mid-size lenders that has
Continue ReadingBy Jeanne Sahadi, CNN Whether one’s paycheck can keep pace with inflation is always a concern. But for women, the question is also can their pay keep pace with their male peers? On Wednesday, the White House Office of Personnel Management proposed regulations to prohibit managers at federal agencies from considering a new hire’s salary
Continue ReadingBy Anna Bahney, CNN The United States has never defaulted on its debt, and it remains an unlikely outcome of the current standoff about raising the debt ceiling. But, if it were to happen — which could be as soon as June 1 without intervention — it would further crush an already wounded housing market,
Continue ReadingBy Bryan Mena, CNN Wholesale annual inflation slowed in April, adding to signs that price pressures are easing. The Producer Price Index, a key measure of price changes at the wholesale level, slowed to 2.3% for the 12 months ended in April, the Bureau of Labor Statistics reported Thursday. That was below the annual increase
Continue ReadingBy Chris Isidore, CNN Disney CEO Bob Iger said Florida Governor Ron DeSantis’ attacks on the company threaten its plans for $17 billion of investment and 13,000 new jobs at Disney World over the next 10 years. In comments Wednesday during a call with investors, Iger defended Disney as Florida attempts to wrest control of
Continue ReadingBy Elisabeth Buchwald, CNN Annual inflation unexpectedly declined to 4.9% last month, according to the April Consumer Price Index report, released Wednesday. Many of the goods that Americans struggled to afford last year are becoming more affordable. Gas, for instance, costs 12% less than it did a year ago. Car rentals and meat products also
Continue ReadingBy Hanna Ziady, CNN The Bank of England raised interest rates by a quarter of a percentage point Thursday in its battle with inflation and said the UK economy would dodge a recession as energy prices fall. The decision to impose a 12th consecutive hike takes the main borrowing rate for commercial banks in the
Continue ReadingBy Emiko Jozuka, CNN US Treasury Secretary Janet Yellen urged Congress on Thursday to raise its debt ceiling, warning that a US default would produce an “economic and financial catastrophe” that would trigger a global economic downturn and risk undermining the country’s ability to provide global leadership. “A default would threaten the gains that we’ve
Continue ReadingBy Nadine Schmidt and Hanna Ziady, CNN Two men have died after a shooting at a Mercedes-Benz plant in Sindelfingen, southern Germany on Thursday, police and the company said. The perpetrator, a 53-year old man, has been arrested and there is no longer any danger to employees at the plant, the Ludwigsburg police said on
Continue ReadingBy Laura He, CNN China has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining in the $60 trillion industry. Li Yunze, a career banker working for decades at China’s state-owned lenders, will become the Communist Party chief of the National Financial Regulatory Administration
Continue ReadingBy Jessie Yeung and Manveena Suri, CNN Police in northern India have arrested five suspects in connection with a series of homemade bomb explosions this week near Amritsar’s Golden Temple, the holiest shrine in Sikhism. Gaurav Yadav, police deputy commissioner in the state of Punjab, told a news conference Thursday that the blasts on May
Continue ReadingBy Oliver Darcy, CNN It’s hard to see how America was served by the spectacle of lies that aired on CNN Wednesday evening. Kaitlan Collins is as tough and knowledgable of an interviewer as they come. She fact-checked Trump throughout the 70-minute town hall. Over and over and over again, she told him that the
Continue ReadingBy Laura He, CNN Deflationary pressure in China is worsening as consumer prices increased at their slowest pace in two years, suggesting weakness in domestic demand and raising questions about the strength of the economic rebound. The consumer price index rose by just 0.1% in April from a year ago, the lowest rate of inflation
Continue ReadingCNN By Oliver Darcy, CNN A prominent disinformation researcher who became the target of Fox News last year filed a defamation lawsuit against the right-wing network on Wednesday, accusing it of a “malicious campaign of destruction” and adding to the channel’s growing legal problems. The researcher, Nina Jankowicz, briefly served in the Biden administration as
Continue ReadingBy Oliver Darcy, CNN A prominent disinformation researcher who became the target of Fox News last year filed a defamation lawsuit against the right-wing network on Wednesday, accusing it of a “malicious campaign of destruction” and adding to the channel’s growing legal problems. The researcher, Nina Jankowicz, briefly served in the Biden administration as head
Continue ReadingBy Chris Isidore, CNN Television and film studios, already dealing with a strike by the Writers Guild of America, started contract negotiations Wednesday with the Directors Guild of America. If those talks break down, they could lead to even broader work stoppages on film and television sets nationwide. SAG-AFTRA, the union that represents actors, is
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