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By Bryan Mena, CNN Businesses across the country said banks have tightened their lending standards since last month’s banking crisis, according to an economic survey from the Federal Reserve released Wednesday. Overall economic activity held steady in recent weeks, with nine of the central bank’s 12 regional districts reporting no change, or slight growth; and
Continue ReadingBy Clare Duffy, CNN Facebook parent Meta on Wednesday began its latest round of layoffs focusing on technical workers, who are often thought of as more immune to job cuts in Silicon Valley. Meta spokesperson Nkechi Nneji confirmed to CNN that some previously announced layoffs were taking place Wednesday, and pointed to CEO Mark Zuckerberg’s
Continue ReadingCNN By Marshall Cohen and Oliver Darcy, CNN Veteran mediator Jerry Roscoe was on a relaxing river cruise from Budapest to Bucharest celebrating his 70th birthday on Sunday when he received an urgent phone call. The voice on the other end asked Roscoe if he would serve as an eleventh-hour mediator in the massive defamation
Continue ReadingBy Danielle Wiener-Bronner, CNN McDonald’s announced changes to its signature burgers earlier this week, including adding more Big Mac sauce. Now, it’s giving fans a way to get even more sauce. Starting next week, for a limited time, customers who order through the app will be able to get Big Mac sauce in a dip
Continue ReadingBy Peter Valdes-Dapena, CNN Maserati did something very strange in 2020. The brand unveiled a high-powered supercar with a new, radically designed, V6 gasoline engine. Versions of the new engine would be used in other Maserati models, too, executives said. That’s strange mostly because Maserati had already announced plans to go fully electric by 2030.
Continue ReadingBy Marshall Cohen and Oliver Darcy, CNN Veteran mediator Jerry Roscoe was on a relaxing river cruise from Budapest to Bucharest celebrating his 70th birthday on Sunday when he received an urgent phone call. The voice on the other end asked Roscoe if he would serve as an eleventh-hour mediator in the massive defamation lawsuit
Continue ReadingBy Julia Horowitz, CNN Fox News will pay more than $787 million to Dominion Voting Systems after the two sides reached a last-minute settlement Tuesday in the explosive defamation case tied to the news network’s lies about the 2020 US election. It is the largest publicly known defamation settlement involving a media company in US
Continue ReadingCNN, CNN BUSINESS By Julia Horowitz, CNN Fox News will pay more than $787 million to Dominion Voting Systems after the two sides reached a last-minute settlement Tuesday in the explosive defamation case tied to the news network’s lies about the 2020 US election. It is the largest publicly known defamation settlement involving a media
Continue ReadingBy Greg Wallace, CNN The US airline industry is about to be hit with a “tsunami of pilot retirements” that will further the nation’s pilot shortage, limiting flight availability for passengers and putting upward pressure on fares, an industry group told Congress Wednesday. “The pilot shortage has resulted in a collapse in air service,” Faye
Continue ReadingBy 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 category.
Continue ReadingBy Hanna Ziady, CNN UK inflation remained above 10% in March, far higher than in the United States and Europe, as bread prices rose at a record pace. Consumer prices rose 10.1% last month compared with a year ago, down only slightly from 10.4% in February, the Office for National Statistics said Wednesday. A decline
Continue ReadingCNN By Brian Fung, CNN Meta is forging ahead with plans to let teenagers onto its virtual reality app, Horizon Worlds, despite objections from lawmakers and civil society groups that the technology could have possible unintended consequences for mental health. On Tuesday, the social media giant said children as young as 13 in Canada and
Continue ReadingBy Brian Fung, CNN Meta is forging ahead with plans to let teenagers onto its virtual reality app, Horizon Worlds, despite objections from lawmakers and civil society groups that the technology could have possible unintended consequences for mental health. On Tuesday, the social media giant said children as young as 13 in Canada and the
Continue ReadingBy Parija Kavilanz, CNN Delaney Dickson is now anxious about her upcoming appointments at David’s Bridal after the retailer filed for bankruptcy this week. Her wedding is set for mid-August and she has a second alteration appointment at a David’s Bridal store. “The appointment is in early May,” said Dickson, an office manager and veterinary
Continue ReadingBy Clare Duffy, CNN Facebook users who had an active account at any point between May 2007 and December 2022 can now apply to receive a piece of parent company Meta’s $725 million settlement related to the Cambridge Analytica scandal. Meta in December agreed to the payment to settle a longstanding class action lawsuit accusing
Continue ReadingBy Samantha Murphy Kelly, CNN One of the buzziest songs recently circulating on TikTok and climbing the Spotify charts featured the familiar voices of best-selling artists Drake and the Weeknd. But there’s a twist: Drake and The Weeknd appear to have had nothing to do with it. The viral track, “Heart on my Sleeve,” comes
Continue ReadingBy Paula Newton, CNN Nearly a third of Canada’s federal workers walked off the job Wednesday morning in one of the largest strikes in the country’s history. The union representing more than 155,000 government employees says it called the nationwide strike to demand higher pay and clarity on work from home provisions, among other issues.
Continue ReadingBy Nicole Goodkind, CNN Earnings reports are coming thick and fast, showing how companies fared in the first few months of the year. But analysts and investors are far more interested in what the future holds. As the saying goes, past performance is no guarantee of future results, and investors on Wall Street know that
Continue ReadingBy Marshall Cohen, CNN Dominion Voting Systems’ blockbuster defamation case against Fox News is over after the right-wing network cuts a check for a staggering $787 million, but there’s still an avalanche of pending lawsuits that are seeking accountability from the right-wing figures who championed false claims about the 2020 election. After more than two
Continue ReadingCNN By Marshall Cohen, CNN Dominion Voting Systems’ blockbuster defamation case against Fox News is over after the right-wing network cuts a check for a staggering $787 million, but there’s still an avalanche of pending lawsuits that are seeking accountability from the right-wing figures who championed false claims about the 2020 election. After more than
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