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By Brian Fung, CNN Arkansas Gov. Sarah Huckabee Sanders has signed a sweeping bill imposing a minimum age limit for social media usage, in the latest example of states taking more aggressive steps intended to protect teens online. But even as Sanders signed the bill into law on Wednesday afternoon, the legislation appeared to contain
Continue ReadingBy Bryan Mena and Nicole Goodkind, CNN The fallout from the recent banking crisis is likely to push the US economy into a mild recession later this year, according to notes from the Federal Reserve’s March policy meeting, released on Wednesday. Since November 2022, staff economists at the Federal Reserve have predicted subdued growth and
Continue ReadingCNN By Peter Valdes-Dapena, CNN Business The US government is planning to change auto emissions standards in a way that means automakers would need to sell a lot more electric vehicles. By 2032, electric vehicles would need to make up about two-thirds of all the new cars sold in America. Without these requirements, electric vehicles
Continue ReadingBy Peter Valdes-Dapena, CNN Business The US government is planning to change auto emissions standards in a way that means automakers would need to sell a lot more electric vehicles. By 2032, electric vehicles would need to make up about two-thirds of all the new cars sold in America. Without these requirements, electric vehicles would
Continue ReadingBy Danielle Wiener-Bronner, CNN Grocery prices finally dipped in March, falling for the first time since September 2020, according to data released Wednesday by the Bureau of Labor Statistics. Of six major grocery food group indexes, three fell from February to March. The meats, poultry, fish and eggs index fell 1.4%, pulled down by another
Continue ReadingBy Jordan Valinsky, CNN Business Juul Labs, the e-cigarette maker, is paying $462 million to six US states and DC in the largest multi-state settlement yet for the troubled company that has been accused of contributing to the rise of vaping among youth. The settlement, which was co-led by New York Attorney General Letitia James
Continue ReadingCNN By Danielle Wiener-Bronner, CNN New York (CNN) — Last year, the Human Rights Campaign Foundation gave Bud Light parent company Anheuser-Busch a top rating for LGBTQ+ equality. But because of how the company handled backlash to a sponsored post by Dylan Mulvaney, a transgender woman, it’s now off the list. The organization informed Anheuser-Busch
Continue ReadingBy Danielle Wiener-Bronner, CNN Company X introduces marketing campaign that touches on Y, a cultural issue some people oppose. Group Z lashes out on social media. Rinse. Repeat. It happens again and again: Nike and social-justice advocate Colin Kaepernick. M&M’s and female “spokescandies.” And last week, Bud Light and its parent company Anheuser Busch were
Continue ReadingBy Oliver Darcy, CNN Business Warner Bros. Discovery on Wednesday unveiled “Max,” its high-stakes super-streamer that unites some of the company’s most storied brands under one roof and aims to aggressively compete in the streaming marketplace as the traditional linear television business rapidly declines. The new service, announced by CEO David Zaslav at a press
Continue ReadingBy Marshall Cohen The judge overseeing Dominion Voting Systems‘ massive defamation case against Fox News said Wednesday that he plans to appoint an outside attorney to investigate whether the right-wing network lied to the court and withheld key evidence, and sanctioned Fox over the matter. “I am very concerned… that there have been misrepresentations to
Continue ReadingBy Alicia Wallace, CNN The broader US banking system remains sound and stable, but the two regional banks that failed were “poorly managed” and “took unacceptable risks,” White House economic adviser Lael Brainard told CNN’s Poppy Harlow in an interview Wednesday at Semafor’s World Economy Summit in Washington, DC. Last month, the collapse of Silicon
Continue ReadingBy Chris Isidore, CNN Billionaire investor Warren Buffett isn’t worried about the state of the US banking industry — but he would like to see much tougher consequences for top leaders of the banks that fail. In the wake of the failure of Silicon Valley Bank, Buffett reflected on the public’s frustration after the 2008
Continue ReadingBy Anna Cooban, CNN Regulators must learn “important lessons” from this year’s banking turmoil, the world’s top financial watchdog has said. Requiring banks to hold more cash to pay out depositors may be one of them. Klaas Knot, chair of the Financial Stability Board, a body of global regulators and government officials, wrote in a
Continue ReadingBy Nathaniel Meyersohn, CNN Walmart plans to close half its stores in Chicago, a reversal of the retail giant’s high-profile commitment in 2020 to expand in the city as part of its corporate racial justice initiative in the wake of George Floyd’s murder by police. Walmart announced Tuesday that next week it will close four
Continue ReadingCNN By Nathaniel Meyersohn, CNN Walmart plans to close half its stores in Chicago, a reversal of the retail giant’s high-profile commitment in 2020 to expand in the city as part of its corporate racial justice initiative in the wake of George Floyd’s murder by police. Walmart announced Tuesday that next week it will close
Continue ReadingBy Krystal Hur, CNN Corporate guidance statements will be front and center as earnings season kicks off, with investors trying to gauge the economy’s temperature. Things could get chilly. Analysts forecast that first-quarter earnings for companies in the S&P 500 will fall 6.8% from the same period the previous year, according to FactSet. That would
Continue ReadingCNN By Clare Duffy, CNN Twitter appears to have quietly rolled back a portion of its hateful conduct policy that included specific protections for transgender people. The policy previously stated that Twitter prohibits “targeting others with repeated slurs, tropes or other content that intends to degrade or reinforce negative or harmful stereotypes about a protected
Continue ReadingBy Clare Duffy, CNN NPR on Wednesday said that it is suspending its use of Twitter after clashing with the social media company and its owner Elon Musk over a controversial new “state-affiliated media” label applied to its accounts. “NPR’s organizational accounts will no longer be active on Twitter because the platform is taking actions
Continue ReadingBy Samantha Murphy Kelly, CNN Business When Elyse Nguyen was nearing her wedding date in February and still hadn’t started writing her vows, a friend suggested she try a new source of inspiration: ChatGPT. The AI chatbot, which was released publicly in late November, can generate compelling written responses to user prompts and offers the
Continue ReadingBy Jennifer Korn The FBI is warning consumers against using public phone charging stations in order to avoid exposing their devices to malicious software. Public USB stations like the kind found at malls and airports are being used by bad actors to spread malware and monitoring software, according to a tweet last week from the
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