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By Nicole Goodkind, Nicky Robertson and Haley Talbot, CNN Speaker Kevin McCarthy on Monday previewed what he hopes House Republicans can pass in the next few weeks to raise the debt ceiling during a speech at the New York Stock Exchange. “So here is our plan: In the coming weeks, the House will vote on
Continue ReadingBy Saskya Vandoorne and Oliver Briscoe, CNN Air France and Airbus have been found not guilty of involuntary homicide in a criminal trial over the 2009 crash of a flight from Rio de Janeiro to Paris that killed 228 passengers and crew. The national carrier and plane manufacturing giant had been charged over their alleged
Continue ReadingBy Samantha Kelly Shares of Google-parent Alphabet fell more than 3% in early trading Monday after a report sparked concerns that its core search engine could lose market share to AI-powered rivals, including Microsoft’s Bing. Last month, Google employees learned that Samsung was weighing making Bing the default search engine on its devices instead of
Continue ReadingBy Nathaniel Meyersohn, CNN There has been a rebound in weddings the last two years after the worst of the Covid-19 pandemic. But it hasn’t been enough for David’s Bridal, the largest bridal retailer in the United States. The company said Monday it filed for Chapter 11 bankruptcy. David’s Bridal has been hurt by a
Continue ReadingBy Allison Morrow, CNN After months of attempting to serve Shaquille O’Neal in a lawsuit against celebrities who endorsed the now-bankrupt FTX crypto platform, lawyers for a group of FTX investors said they finally succeeded on Sunday. “Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house,” the Moskowitz Law
Continue ReadingBy Eric Levenson and Marshall Cohen, CNN For all the interest in big-name witnesses and eye-opening private text messages, at the core of the defamation lawsuit filed by Dominion Voting Systems against Fox News are 20 specific broadcasts and tweets in which the voting company says Fox knowingly promoted lies, destroying its reputation. According to
Continue ReadingBy Ella Nilsen, CNN The Treasury Department has revealed which cars will be eligible for the new electric vehicle tax credits. Fewer models are eligible for the new subsidy than in previous years, but some of the most well-known EVs still qualify, according to the Monday announcement. Under the new rule, consumers can get up
Continue ReadingCNN By Eric Levenson and Marshall Cohen, CNN For all the interest in big-name witnesses and eye-opening private text messages, at the core of the defamation lawsuit filed by Dominion Voting Systems against Fox News are 20 specific broadcasts and tweets in which the voting company says Fox knowingly promoted lies, destroying its reputation. According
Continue ReadingBy Marshall Cohen, CNN Delaware Superior Court Judge Eric Davis said Monday that the delay in the Fox-Dominion defamation trial “is not unusual” and told the parties that he expects them back on Tuesday to finish jury selection and start the trial. “I made the decision to delay the start of the trial until tomorrow,”
Continue ReadingBy Danielle Wiener-Bronner, CNN McDonald’s, which has been focusing on upgrading its core items to boost sales, is rolling out a series of changes designed to improve its signature burgers. Buns will be softer. Cheese, gooier. Onion will be added to patties right on the grill. And the Big Mac sauce? There will be more
Continue ReadingBy Nicole Goodkind, CNN First quarter earnings season kicked off last week with reports from some of the largest names in finance with investors watching closely for any potential inklings of an economic downturn. JPMorgan Chase, Citigroup and Wells Fargo, as well as PNC and BlackRock, all published their reports on Friday — giving the
Continue ReadingBy Laura He, CNN Tesla CEO Elon Musk has promised to look into reports that workers at the company’s factory in Shanghai have been subjected to “unfair” reductions in their performance-related pay. Social media posts published over the weekend by people who say they work at the factory — the company’s main export hub —
Continue ReadingBy Hanna Ziady, CNN Japan’s Sega, the company behind Sonic the Hedgehog, is buying Rovio Entertainment in a cash deal that values the creator of Angry Birds at €706 million ($774 million). The Finnish video game developer’s board has unanimously backed the takeover offer, which is also already supported by shareholders owning 49.1% of the
Continue ReadingCNN By Oliver Darcy and Marshall Cohen, CNN Dominion Voting Systems’ high-stakes defamation trial against Fox News, which was supposed to begin Monday, was abruptly delayed on Sunday evening, in a stunning eleventh-hour twist that threw into question whether a settlement was in the works. Opening statements were expected on Monday, but the Delaware Superior
Continue ReadingBy Oliver Darcy and Marshall Cohen, CNN Dominion Voting Systems’ high-stakes defamation trial against Fox News, which was supposed to begin Monday, was abruptly delayed on Sunday evening, in a stunning eleventh-hour twist that threw into question whether a settlement was in the works. Opening statements were expected on Monday, but the Delaware Superior Court
Continue ReadingBy David Goldman, CNN Netflix’s highly anticipated live reunion Sunday for the season 4 cast of its reality dating show “Love is Blind” has been delayed after technical issues kept eager fans waiting. Eventually, Netflix opted to tape the show for streaming, announcing it would be available globally at 3 pm ET Monday. “To everyone
Continue ReadingBy Ramishah Maruf, CNN Christine Lagarde, president of the European Central Bank, said she has “huge confidence” the US will not allow the country to default on its own debt during an interview on CBS’ “Face the Nation” Sunday. “I just cannot believe that they would let such a major, major disaster happen,” Lagarde said,
Continue ReadingBy Bryan Mena, CNN Four out of the five US metropolitan areas with the lowest unemployment rates are in Florida, thanks to the state’s growing population, robust tourism activity and increased business investment. Miami had the lowest unemployment rate of metropolitan areas with more than 1 million people in February at 2.2%, tied with Birmingham,
Continue ReadingBy Ramishah Maruf, CNN A trial in a defamation suit brought against Fox News by Dominion Voting Systems is set to begin this week. It could have significant ramifications for the right-wing cable channel. The trial had been expected to start Monday in Delaware, but Superior Court Judge Eric Davis announced it would be delayed
Continue ReadingBy Krystal Hur, CNN Wall Street has been hit with a barrage of complex signals about the economy’s health over the past month. From banking turmoil to weakening jobs data to slowing inflation, and now the start of earnings season, investors have remained largely resilient. But the Federal Reserve’s March meeting minutes revealed last week
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