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By 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
Continue ReadingCNN By 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
Continue ReadingBy Alicia Wallace, CNN Prices are moving in a more palatable direction for US consumers. Annual inflation, as measured by the Consumer Price Index, dropped in March for the ninth consecutive month. And for the first time since September 2020, grocery prices fell on a monthly basis. Prices rose 5% for the 12 months ended
Continue ReadingBy Nicole Goodkind, CNN Forget the banking crisis — Main Street’s retail investors have barreled into embattled bank stocks. It looks like nothing tempts people to bet on an industry more than bargain prices, even if they’re caused by the fear of imminent collapse. In January and February, trading in First Republic Bank stock was
Continue ReadingBy Michelle Toh and Juliana Liu, CNN Elon Musk has laid off more than 6,000 people at Twitter since taking over the company, he told the BBC in a rare interview late Tuesday. Musk was quoted as saying in the interview that the social media platform now has only 1,500 employees, down from under 8,000
Continue ReadingCNN By Juliana Liu, CNN Warren Buffett says geopolitical tensions were “a consideration” in the decision to sell most of Berkshire Hathaway’s shares in global chip giant TSMC, which is based in Taiwan. The 92-year-old “Oracle of Omaha” shed light on the investment call in a Tuesday interview with Japanese news agency Nikkei. He was
Continue ReadingBy Juliana Liu, CNN Warren Buffett says geopolitical tensions were “a consideration” in the decision to sell most of Berkshire Hathaway’s shares in global chip giant TSMC, which is based in Taiwan. The 92-year-old “Oracle of Omaha” shed light on the investment call in a Tuesday interview with Japanese news agency Nikkei. He was quoted
Continue ReadingBy Alicia Wallace, CNN The banking crisis could help the Federal Reserve’s fight to bring down inflation, but the central bank needs to be “cautious” in its actions moving forward, Chicago Fed President Austan Goolsbee said Tuesday. Goolsbee, the newest Fed appointee, spoke before the Economic Club of Chicago and addressed the “new, big, hairy
Continue ReadingCNN By Alicia Wallace, CNN The banking crisis could help the Federal Reserve’s fight to bring down inflation, but the central bank needs to be “cautious” in its actions moving forward, Chicago Fed President Austan Goolsbee said Tuesday. Goolsbee, the newest Fed appointee, spoke before the Economic Club of Chicago and addressed the “new, big,
Continue ReadingBy Nathaniel Meyersohn, CNN Leon Levine, who built Family Dollar into a discount retail giant catering to America’s lower-income and middle-class shoppers, has died at 85. The Leon Levine Foundation, the philanthropic organization Levine later founded, confirmed in an online statement he died on April 5. No cause was listed. Levine, a college dropout, was
Continue ReadingBy Marshall Cohen Dominion Voting Systems can’t bring up the January 6 insurrection during its upcoming defamation trial against Fox News, a Delaware judge ruled Tuesday, who also revealed at a hearing that he has been receiving death threats. The voting technology company sued Fox News over the right-wing network’s promotions of false claims that
Continue ReadingBy Parija Kavilanz, CNN Louis Vuitton, Chanel, Gucci, step aside. Resale clothing shoppers are bypassing previously-owned luxury brands at discounted prices in favor of scoring secondhand mid-tier brands for less. More affordable brands, such as Madewell, Zara, Urban Outfitters, Free People, Anthropologie, Abercrombie & Fitch and Levi’s are now the most popular brands with the
Continue ReadingBy Alicia Wallace, CNN US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said at a press conference
Continue ReadingBy Catherine Thorbecke, CNN A judge on Monday denied Elizabeth Holmes’ request to remain free while she appeals her conviction, setting the stage for the disgraced Theranos founder to report to prison later this month. In his order, Judge Edward Davila of the Northern District of California said Holmes does not pose a danger to
Continue ReadingBy Jordan Valinsky, CNN The distinctive gas grills in Chipotle restaurants might be a thing of the past. On Tuesday, the fast casual Mexican chain unveiled an all-electric restaurant design that is completely powered by renewable energy, such as solar and wind. That means the gas grills that have become the focal point for walk-in
Continue ReadingBy Brian Fung, CNN Former senior executives of Twitter have sued the company in an attempt to recover more than $1 million in legal expenses incurred by responding to shareholder lawsuits, federal investigations and a congressional hearing, according to a complaint filed Monday in Delaware Chancery Court. The lawsuit by former Twitter CEO Parag Agrawal,
Continue ReadingBy Julia Horowitz, CNN At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had feared. Positive developments included China’s reopening, signs of resilience in Europe and falling energy prices. But a crisis in the banking sector that emerged last month
Continue ReadingBy Vanessa Yurkevich, CNN The Writers Guild of America is set to hold a strike authorization vote on Tuesday. If it passes, which it is expected to, that will allow leadership to call a strike if the Guild and the Alliance of Motion Pictures and Television Producers do not reach a new contract agreement by
Continue ReadingBy Nicole Goodkind, CNN Business Persistent inflation remains the Federal Reserve’s No. 1 concern, even as the banking sector remains on edge after two big bank failures last month. This week’s Consumer Price Index, due to be announced Wednesday at 8:30 am ET, could determine whether the central bank raises rates again in May. That
Continue ReadingKPIX By Jordan Valinsky, CNN An enormous Whole Foods in downtown San Francisco that opened just last year is temporarily closing. The company said concerns about worker safety forced it to shut down. Incidents of theft in San Francisco have gained national attention, though crime has generally fallen over the past six years. The nearly
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