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By Peter Valdes-Dapena, CNN Business As the big Chrysler 300 sedan, with its trademark large square grille, approaches the end of an 18-year production run, the brand unveiled a special edition model in Detroit last Tuesday night. That model, the Chrysler 300C, comes with a 485-horsepower V8, but it could have had much more power
Continue ReadingCNN By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able to rein in historically high inflation and that he’s hoping the Federal Reserve will achieve a “soft landing” by slowing economic growth without going into recession. “I’m telling the American people
Continue ReadingBy Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able to rein in historically high inflation and that he’s hoping the Federal Reserve will achieve a “soft landing” by slowing economic growth without going into recession. “I’m telling the American people that
Continue ReadingBy Frank Pallotta, CNN Business It’s good to be “The Woman King.” The new Sony Pictures Entertainment film starring Viola Davis as the leader of an all-female set of warriors took the No. 1 spot at the domestic box office this weekend with a surprising $19 million, according to Sony. The film’s total is somewhat
Continue ReadingBy Nicole Goodkind, CNN Business US stocks alternated between slight losses and modest gains Monday before eventually closing higher ahead of the Federal Reserve’s two-day policy meeting later this week. The Dow closed up about 197 points, or 0.6%, while the S&P 500 and Nasdaq Composite rose 0.7% and 0.8% respectively. The bond market reached
Continue ReadingBy Julia Horowitz, CNN Business Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line. “If we
Continue ReadingBy Laura He, CNN Business The future looked promising for Cherry in May last year, when she secured a prestigious internship at a major software firm, while still studying at a university in Wuhan. The company told her that she could start working for them full time, once she graduates. But her situation changed dramatically
Continue ReadingBy Emma Tucker, CNN When a TikTok user searches the social media app for information on top news stories, ranging from Covid-19 vaccines to school shootings, nearly 20% of the videos presented as search results contain misinformation, according to a research report published Wednesday. Researchers at NewsGuard, a journalism and technology tool that tracks online
Continue ReadingBy Zoe Sottile, CNN A man mistakenly received a payment of almost $250,000 from Google — even though he hadn’t done any work for the company. Sam Curry, a staff security engineer at cryptocurrency company Yuga Labs, described the baffling payment on his verified Twitter account on Tuesday. “It’s been a little over 3 weeks
Continue ReadingBy Ramishah Maruf, CNN Nissan is recalling more than 200,000 pickup trucks due to a risk that the vehicles could roll away while in park. Nissan Frontiers and Titans from years 2020 through 2023 are the affected models, representing 203,223 vehicles sold. The NHTSA said the trucks could roll away because the transmission parking pawl,
Continue ReadingBy David Zurawik, CNN The BBC credits Queen Elizabeth II’s coronation in 1953 as the “event that did more than any other to make television a mainstream medium.” Fitting, then, that her funeral on Monday marks the end of TV’s dominance that started when she came to the throne. Back then, the lack of TV
Continue ReadingCNN By Chris Isidore, CNN Business The 11th hour deal that prevented a crippling strike at the nation’s freight railroads is the biggest win for US unions in years. The agreement, reached in the early hours Thursday, kept more than 50,000 engineers and conductors on the job, and won members the changes in work rules
Continue ReadingBy Chris Isidore, CNN Business The 11th hour deal that prevented a crippling strike at the nation’s freight railroads is the biggest win for US unions in years. The agreement, reached in the early hours Thursday, kept more than 50,000 engineers and conductors on the job, and won members the changes in work rules sought
Continue ReadingBy Catherine Thorbecke, CNN Business Most people may live out their digital lives with the assumption they can delete their posts, messages and personal data from services whenever they choose. But a tech hearing this week threw that core assumption into question. Peiter “Mudge” Zatko, the former security chief at Twitter, told a Senate committee
Continue ReadingCNN By Brian Fung, CNN TikTok has begun to require “mandatory verification” for political accounts based in the United States and will be prohibiting all political fundraising on its short-video platform, the company said Wednesday. The changes could affect the way many of the company’s millions of US users engage with political content ahead of
Continue ReadingBy Paul R. La Monica, CNN Business The Federal Reserve’s upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or it will hike them by an unprecedented one full percentage point to 3.25%. But what
Continue ReadingBy Jennifer Korn, CNN Business At 11:44 a.m. on September 19, 1982, Scott Fahlman made internet history by stitching together a colon, a hyphen and a close parenthesis. Fahlman, a computer science professor at Carnegie Mellon University, posted “: – )” on the school’s online bulletin board, a primitive kind of social network accessible only
Continue ReadingBy Anna Cooban, CNN Business Much of Britain came to a standstill on Monday for the funeral of Queen Elizabeth II. The government declared the day an official holiday to allow people to pay their respects, meaning that all banks, the London Stock Exchange (LSE), public offices and most businesses were shut. The short notice
Continue ReadingBy Nathaniel Meyersohn, CNN Business Inflation has made it hard to buy much with a buck these days. $1 pizza has disappeared. Dollar stores aren’t dollar stores anymore. So wouldn’t it make more sense to start paying with $2 bills instead? “If you had a $2 bill, perfect,” said Heather McCabe, a writer and $2
Continue ReadingCNN By Samantha Murphy Kelly, CNN Business Apple said it is working on a software fix after some users who recently purchased an iPhone 14 Pro or iPhone 14 Pro Max reported their devices’ rear-facing cameras shook “uncontrollably” and made strange noises when using social media apps. In videos and posts uploaded to social media
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