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By Jeanne Sahadi, CNN The $787.5 million settlement that Fox News has agreed to pay in the historic defamation case from Dominion Voting Systems is a blockbuster number by any measure — but when all is said and done, the chances that the right-wing network will end up absorbing the full cost is highly unlikely.
Continue ReadingCNN Elisabeth Buchwald, CNN You’d hardly know by looking at financial markets that the US debt limit was breached in January. But that’s starting to change, in what is shaping up to be a nail-biting game of debt ceiling squabbling as the shot clock is winding down. If lawmakers don’t raise the nation’s borrowing limit
Continue ReadingElisabeth Buchwald, CNN You’d hardly know by looking at financial markets that the US debt limit was breached in January. But that’s starting to change, in what is shaping up to be a nail-biting game of debt ceiling squabbling as the shot clock is winding down. If lawmakers don’t raise the nation’s borrowing limit by
Continue ReadingBy Chris Isidore, CNN Tesla has cut the prices of its EVs repeatedly this year. Now investors are cutting the price of its shares. Shares of Tesla tumbled nearly 10% Thursday following its disappointing earnings report on Wednesday evening, as it reported that its profit margins fell below the 20% mark that analysts had been
Continue ReadingBy Catherine Thorbecke and Jennifer Korn, CNN Ramesh “Sunny” Balwani, the former chief operating officer of failed startup Theranos and ex-boyfriend of founder Elizabeth Holmes, has reported to prison, according to his attorney. “Mr Balwani turned himself in… smoothly without incident,” Jeffrey Coopersmith, Balwani’s attorney, said in an email to CNN on Thursday. “We will
Continue ReadingCNN By Chris Isidore, CNN A Utah CEO who is demanding that many of his remote employees start working in the company’s offices says staff members must make sacrifices, and questions whether people who serve as primary caregivers for their children, specifically working mothers and single mothers, are doing right by both their employers and
Continue ReadingBy Krystal Hur, CNN An employee at the Consumer Financial Protection Bureau sent confidential data about hundreds of thousands of consumer accounts to their personal email, the agency told CNN on Thursday. Approximately 14 emails included consumer personally identifiable information, or PII. The employee also sent two spreadsheets that listed names and transaction-specific account numbers
Continue ReadingBy Chris Isidore, CNN A Utah CEO who is demanding that many of his remote employees start working in the company’s offices says staff members must make sacrifices, and questions whether people who serve as primary caregivers for their children, specifically working mothers and single mothers, are doing right by both their employers and their
Continue ReadingBy Clare Duffy, CNN Elon Musk’s Twitter on Thursday began a purge of blue verification check marks from users who have not signed up for its subscription service, with the checks disappearing from the accounts of journalists, academics and celebrities. The blue checks even disappeared from the accounts of some of the most well-known and
Continue ReadingBryan Mena, CNN The United States will safeguard its national security, even if it comes at an economic cost to its relationship with China, US Treasury Secretary Janet Yellen said on Thursday. “Even though these policies may have economic impacts, they’re driven by straightforward national security considerations, and we will not compromise on these concerns
Continue ReadingCNN By Michelle Toh, CNN The United States Chamber of Commerce has warned that rising scrutiny of American firms in China “dramatically increases” the uncertainties and risks of doing business in the country. The influential business lobby said Friday it was closely monitoring “heightened official scrutiny” of US firms by the Chinese authorities, following the
Continue ReadingBy Samantha Kelly When Colin McEvoy, a father of two from Bethlehem, Pennsylvania and a self-described film fanatic, wants to watch a Bollywood film or an obscure independent movie, he often turns to Netflix — but not its popular streaming service. McEvoy, 39, said he’s been using Netflix’s DVD-by-mail service since 2001, just three years
Continue ReadingBy Anna Bahney, CNN Mortgage rates rose this week, after five weeks of falling. The 30-year fixed-rate mortgage averaged 6.39% in the week ending April 20, up from 6.27% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 5.11%. “For the first time in over a
Continue ReadingCNN, WESH By Jennifer Korn The early morning alert was a test but the outrage was real. Many in Florida were woken up at 4:45 a.m. on Thursday by a notification on their phones from the Emergency Alert System: “TEST – This is a TEST of the Emergency Alert System. No action is required.” After
Continue ReadingBy Jennifer Korn The early morning alert was a test but the outrage was real. Many in Florida were woken up at 4:45 a.m. on Thursday by a notification on their phones from the Emergency Alert System: “TEST – This is a TEST of the Emergency Alert System. No action is required.” After sending the
Continue ReadingBy Allison Morrow, CNN The CEO whose “pity city” speech backfired spectacularly is now apologizing to her employees. “I feel terrible that my rallying cry seemed insensitive,” wrote Andi Owen, chief executive of office furniture giant MillerKnoll, in an email to staff Tuesday. “What I’d hoped would energize the team to meet a challenge we’ve
Continue ReadingBy Oliver Darcy, CNN BuzzFeed News, the Pulitzer Prize-winning digital news website that took the internet by storm roughly a decade ago and inspired jealousy from legacy media organizations, will shutter, BuzzFeed chief executive Jonah Peretti announced Thursday. The move was part of broader layoffs across BuzzFeed, Peretti said in a memo to staffers, with
Continue ReadingBy Anna Bahney, CNN US home sales fell in March, after a turnaround in February that followed a full year of declining home sales due to surging mortgage rates, according to a National Association of Realtors report released Thursday. Sales of existing homes in March — which include single-family homes, townhomes, condominiums and co-ops —
Continue ReadingBy Anna Cooban, CNN Ikea is planning to splash €2 billion ($2.19 billion) to expand its furniture empire in the United States in what will be the retailer’s biggest-ever investment in a single country. Ingka Group, Ikea Retail’s Dutch holding company, said in a statement Thursday that it hoped to open eight large stores and
Continue ReadingBy Brian Fung, CNN Late last year, Facebook-parent Meta quietly phased out certain content labels on its platforms that for much of the pandemic had directed viewers to its central Covid-19 information page, after internal research concluded the labels may be ineffective at changing attitudes or stopping the spread of misinformation, according to a report
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