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CNN By Oliver Darcy, CNN Tucker Carlson broke his silence on Wednesday evening, posting a short video online after his abrupt firing from Fox News earlier in the week, but did not directly address his departure from the network nor his future. The right-wing media extremist didn’t say much in the rambling two-minute message, but
Continue ReadingBy Anna Bahney, CNN Fees on mortgages backed by Freddie Mac and Fannie Mae are set to change next month, in a plan designed to make homeownership more affordable for more people. Broadly, the fees will go down for many with lower credit scores and will increase for many with higher credit scores. But that
Continue ReadingBy Clare Duffy, CNN Facebook-parent Meta on Wednesday reported that it grew sales by 3% during the first three months of the year, reversing a trend of three consecutive quarters of revenue declines and far exceeding Wall Street analysts’ expectations. Meta shares jumped as much as 12% in after-hours trading following the report, continuing the
Continue ReadingBy Jennifer Korn and Nicki Brown, CNN Musician Ed Sheeran’s court case continued Wednesday in a high-profile copyright trial about whether his smash single “Thinking Out Loud” copied the classic Marvin Gaye song “Let’s Get It On.” Dr. Alexander Stewart, a music expert called by the plaintiffs on Wednesday, testified about the similarities he perceives
Continue ReadingCNN By Chloe Melas, Aaron Cooper, Jennifer Korn and Nicki Brown, CNN Musician Ed Sheeran played guitar and sang on the stand Thursday as part of his testimony in a copyright infringement trial about whether his smash single “Thinking Out Loud” copied the classic Marvin Gaye song “Let’s Get It On.” Sheeran played the opening
Continue ReadingCNN By Chris Isidore and Olesya Dmitracova, CNN JPMorgan Chase is buying most assets of First Republic Bank after the nation’s second-largest bank failure ever, in a deal announced early Monday that protects the deposits of First Republic’s customers. JPMorgan Chase said it had acquired “the substantial majority of assets” and assumed the deposits, insured
Continue ReadingBy Jennifer Korn and Catherine Thorbecke, CNN Elizabeth Holmes won’t be starting her 11-year prison sentence just yet. The disgraced Theranos founder was previously expected to report to prison on Thursday, but she will remain free a little longer while the court considers a last-minute appeal, according to a filing Tuesday night. Holmes was sentenced
Continue ReadingBy Alex Leeds Matthews, CNN When Bed, Bath & Beyond begins shuttering its stores after filing for bankruptcy last weekend, shoppers will have plenty of other retail options for linens and shower curtains — but it will be much harder to fill the void for the weird, inventive merchandise the iconic retailer offered, from sections
Continue ReadingBy Nicole Goodkind, CNN First Republic Bank is in a fight for its survival. The past few weeks have been brutal for the San Francisco-based lender. Now, some analysts say a collapse of the bank is imminent. “It’s becoming clearer each day” that First Republic is “toast,” said Don Bilson at Gordon Haskett, in a
Continue ReadingBy Parija Kavilanz, CNN Bed, Bath & Beyond is having a mammoth going-out-of-business sale. Shoppers Mariel Correa and Jeanette Graciano, clutching a handful of the retailer’s iconic blue-and-white 20% off coupons, weren’t going to miss a minute of it. “I’m coming every day,” said Correa, as she strode the aisles of the 92,000-square-foot New York
Continue ReadingBy Brian Fung, CNN For years, Microsoft flew under the radar as policymakers around the world went after Amazon, Facebook and Google as some of the biggest alleged threats to fair competition. But now, more than two decades after its landmark court battle with the US government over browsers, Microsoft is firmly back in the
Continue ReadingCNN By Jennifer Korn TikTok is testing a new option to let users create AI-generated avatars for their profile pictures, the company confirmed to CNN on Wednesday, in a move with the potential to put recent advances in artificial intelligence technology front and center for millions of users. The new feature appears to create a
Continue ReadingBy Jennifer Korn TikTok is testing a new option to let users create AI-generated avatars for their profile pictures, the company confirmed to CNN on Wednesday, in a move with the potential to put recent advances in artificial intelligence technology front and center for millions of users. The new feature appears to create a stylized,
Continue ReadingBy Marshall Cohen, CNN Fox News has agreed to provide voting technology company Smartmatic with additional material about its corporate chairman Rupert Murdoch and other top executives, as part of Smartmatic’s $2.7 billion lawsuit against the right-wing network. The agreement was announced Wednesday at a court hearing in Manhattan regarding the defamation case, which stems
Continue ReadingBy Brian Fung, CNN A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies to get parents’ consent before creating accounts for teens, reflecting a growing trend at all levels of government to restrict how Facebook, Instagram, TikTok and other platforms engage with young users.
Continue ReadingBy Anna Cooban, CNN Ticketmaster has landed itself in another royal mess. The company was hired by the BBC to handle ticketing for a concert on May 7 to celebrate the ascension of King Charles to the British throne. But something went badly awry. Some fans who received an email from the ticketing site saying
Continue ReadingBy Jordan Valinsky, CNN Business Wendy’s famous chili is typically sold hot at its restaurants. Soon, Wendy’s will sell its chili in canned form at grocery stores. The fast food chain is partnering with Conagra to bring Wendy’s “beloved chili into homes across the country” in canned-form for $4.49 when it hits shelves this spring.
Continue ReadingBy Jordan Valinsky, CNN Beer distributors are largely sticking by Bud Light and its parent company, Anheuser-Busch, as controversy continues to embroil the brand. Two Instagram posts featuring transgender influencer Dylan Mulvaney earlier this month ignited fury from the right and hurt sales. The brewing giant met with wholesalers on Tuesday at the National Beer
Continue ReadingBy Chris Isidore, CNN Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the railroad $387 million. That dragged profit lower by about a third. The Atlanta-based company reported it earned $466 million last quarter, down from the $703 million it earned in the same quarter
Continue ReadingCNN By Nicole Goodkind, CNN Wall Street was able to breathe a sigh of relief on Tuesday as Google-parent company Alphabet and Microsoft both beat the market’s relatively modest earnings expectations. The companies saw big boosts from their search and cloud computing businesses. After a disastrous year for both stocks, the shares rebounded strongly in
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