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By Michelle Watson, CNN Two 10-year-old children were found working at a Louisville McDonald’s restaurant — sometimes until 2 a.m. — the US Department of Labor said Tuesday. The revelation was part of an investigation into the child labor law violations in the Southeast. The agency also found three franchisees that own more than 60
Continue ReadingCNN From CNN’s Krystal Hur, Bryan Mena, Alicia Wallace, Jeanne Sahadi, Matt Egan and Allison Morrow The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Continue ReadingBy Alicia Wallace, CNN There’s good news on the inflation front: Annual price growth fell to its lowest pace in nearly two years, the Commerce Department reported Friday. But for consumers, the lengthy spell in the crossfire of persistently high prices and rising interest rates has taken its toll. Inflation-adjusted consumer spending was flat in
Continue ReadingBy Julia Horowitz, CNN The Federal Reserve is widely expected to raise its benchmark interest rate again on Wednesday, lifting it above 5% for the first time since 2006 as it works to bring down stubborn inflation. But doing so risks sending shockwaves through the economy and markets, fanning recession fears and concerns about financial
Continue ReadingBy Donie O’Sullivan and Sean Lyngaas, CNN Facebook’s parent company Meta announced Wednesday that it has taken down a network of more than 100 China-based accounts that posed as organizations in the US and Europe and pushed pro-Beijing talking points. The Facebook and Instagram accounts, which included a fictitious news organization and posed as a
Continue ReadingBy Jordan Valinsky, CNN Anheuser-Busch will report earnings Thursday, marking the first time it will face Wall Street analysts’ questions since its Bud Light brand erupted in controversy. Sales of Bud Light have tumbled over the past month after the company delivered a custom can to Dylan Mulvaney, a transgender woman with a large Instagram
Continue ReadingBy Jordan Valinsky, CNN Nordstrom is closing both of its stores in downtown San Francisco, citing the changing “dynamics” of the area that hasn’t recovered since the pandemic and has been in the spotlight for crime. The two locations are a 312,000-square-foot, five-floor Nordstrom department store at the Westfield mall and a Rack, its discount
Continue ReadingFrom CNN’s Krystal Hur, Bryan Mena, Alicia Wallace, Jeanne Sahadi, Matt Egan and Allison Morrow The-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Continue ReadingCNN By David Goldman, CNN First Horizon and TD Bank have called off a $13 billion deal that would have formed America’s sixth-largest bank, adding to the turmoil sweeping the country’s regional lenders. Caught up in the worst banking crisis since 2008, First Horizon’s share price has plunged about 40% over the past couple months,
Continue ReadingBy Kristen Holmes and Jon Passantino, CNN In a newly revealed text message, ousted Fox News host Tucker Carlson made a racist comment and said he found himself briefly rooting for a mob of Trump supporters to kill a person. “A couple of weeks ago, I was watching video of people fighting on the street
Continue ReadingCNN By Kristen Holmes and Jon Passantino, CNN In a newly revealed text message, ousted Fox News host Tucker Carlson made a racist comment and said he found himself briefly rooting for a mob of Trump supporters to kill a person. “A couple of weeks ago, I was watching video of people fighting on the
Continue ReadingCNN By Bryan Mena, CNN The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March. The move comes amid ongoing fragility in the banking sector triggered partly by higher interest rates, and following the collapse of
Continue ReadingBy Bryan Mena, CNN The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March. The move comes amid ongoing fragility in the banking sector triggered partly by higher interest rates, and following the collapse of three
Continue ReadingCNN By Jennifer Korn Geoffrey Hinton, also known as the “Godfather of AI,” decided he had to “blow the whistle” on the technology he helped develop after worrying about how smart it was becoming, he told CNN on Tuesday. “I’m just a scientist who suddenly realized that these things are getting smarter than us,” Hinton
Continue ReadingBy Danielle Wiener-Bronner, CNN The pandemic helped revive an old-fashioned meal category: the frozen dinner. Now Kraft is betting big that it can convince customers to keep picking this option. On Wednesday, Kraft Heinz officially introduced Homebake 425°/:30, the company’s new line of frozen meals. The line has 15 items: five mains, five starchy sides,
Continue ReadingBy Laura He, CNN Tesla has raised prices in its most important electric vehicle markets, including China and the United States, reversing a series of recent price cuts that have pushed the company’s profit margin to the lowest since 2020 and sparked a price war. The US car manufacturer has increased the prices of its
Continue ReadingBy Vedika Sud, Rhea Mogul and Sania Farooqui CNN The women wake just after dawn at the makeshift protest site, their belongings stacked under mosquito nets as a row of mattresses line the pavement in New Delhi. By 8 a.m., they begin training — some run up and down the road, while others perform drills
Continue ReadingBy Danielle Wiener-Bronner, CNN During his first earnings call as the new Starbucks CEO, Laxman Narasimhan praised the company for its financial performance. He outlined how he thinks stores can better meet demand. He didn’t mention the unionizaton drive sweeping through stores, however. “Our performance is strong, but our health could be stronger,” he said
Continue ReadingBy Clare Duffy, CNN TikTok is about to lose a key safety executive as the app faces growing pressure from lawmakers and threats of a ban in the United States. TikTok’s Head of US Data Security Trust and Safety Eric Han is set to leave the company next week. His departure was confirmed to CNN
Continue ReadingBy Chris Isidore, CNN Ford is once again cutting the price of its electric SUV, the Mustang Mach-E, as it ramps up its price war with Tesla. Tesla, the leader in EV sales by a large margin, has cut prices six times so far this year. Its price cuts have eaten into its industry-leading profit
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