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By Nathaniel Meyersohn, CNN As consumers pulled back on their holiday spending amid biting inflation, it seems that Kohl’s dropped off many shoppers’ lists. Sales at Kohl’s stores open for at least one year dropped 6.6% during the holiday quarter, the company said Wednesday. The retailer also lost $302 million during the quarter. The losses
Continue ReadingBy Anna Cooban, CNN One of Europe’s biggest media groups has warned journalists that artificial intelligence (AI) could steal their jobs, and has provided tips for how reporters can avoid the chop. The chief executive of Axel Springer — which owns Insider, Politico and German tabloid newspaper Bild — told employees in a memo Tuesday
Continue ReadingCNN, CNN BUSINESS By Clare Duffy, CNN Twitter’s timeline page appeared to experience a prolonged outage on Wednesday morning, marking the latest service disruption for the platform under new owner Elon Musk. Some Twitter users who opened up their “for you” timeline were greeted with a blank screen and a message saying, “welcome to your
Continue ReadingBy Clare Duffy, CNN Twitter’s timeline page appeared to experience a prolonged outage on Wednesday morning, marking the latest service disruption for the platform under new owner Elon Musk. Some Twitter users who opened up their “for you” timeline were greeted with a blank screen and a message saying, “welcome to your timeline,” encouraging them
Continue ReadingBy Oliver Darcy, CNN Business The Fox Corporation board has a huge mess on its hands — and it needs to work quickly to clean it up. That’s according to Jeffrey A Sonnenfeld, the renowned professor and senior associate dean for leadership studies at the Yale School of Management. Sonnenfeld told CNN on Tuesday that
Continue ReadingCNN By Oliver Darcy, CNN Business Former House Speaker Paul Ryan was grilled last week over his decision to remain on the board of directors of Fox News’ parent company after damning court documents showed that the right-wing network knowingly peddled election lies to its audience. In the interview, conducted by conservative commentator Charlie Sykes
Continue ReadingBy Nicole Goodkind, CNN The next generation of traders has blown the doors off an elitist Wall Street ritual, with Goldman Sachs, Chevron and Tesla all holding glitzy and widely publicized “investor days” this week in place of an intimate conference with shareholders. While Tesla’s investor day on Wednesday marks the first such presentation for
Continue ReadingBy Hanna Ziady, CNN UK house prices last month saw their biggest annual decline since November 2012, in the latest sign of the lasting pain that the ill-fated “mini” budget conceived by former Prime Minister Liz Truss inflicted on Britain’s property market. The average price of a house fell 1.1% to £257,406 ($310,000) in February
Continue ReadingBy Catherine Thorbecke, CNN TikTok announced Wednesday that every user under 18 will soon have their accounts default to a one-hour daily screen time limit, in one of the most aggressive moves yet by a social media company to prevent teens from endlessly scrolling. Teenage TikTok users will be able to turn off this new
Continue ReadingBy Julia Horowitz, CNN Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement across oceans struggle to work out exactly who is ferrying it. As Western sanctions against Russia have escalated over its invasion of Ukraine, more ships have joined an existing
Continue ReadingCNN, POOL, HOST TV, ROSSIYA 1, KREMLIN, NSA, RUSSIAN MINISTRY OF DEFENSE, RADIO FREE EUROPE, RADIO LIBERTY By Julia Horowitz, CNN Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement across oceans struggle to work out exactly who is ferrying it. As
Continue ReadingBy Laura He, CNN The team of Communist Party officials running China’s economy is about to get a major makeover. Party elites have just finalized nominations for key government positions ahead of the annual gathering of the National People’s Congress, the country’s rubber-stamp legislature, which starts on Sunday. They include the four men tapped to
Continue ReadingBy Heather Chen, CNN Nestlé has announced that it will close its sole factory and head office in Yangon, Myanmar’s largest city, as it switches to a more “sustainable” business model amid ongoing turmoil in the country. Myanmar has been rocked by violence and instability since 2021 when a military coup ousted democratically elected leader
Continue ReadingBy Rhea Mogul, CNN India imposed the highest number of internet shutdowns globally in 2022, a new report has revealed, in what critics say is yet another blow to the country’s commitment to freedom of speech and access to information. Of 187 internet shutdowns recorded worldwide, 84 took place in India, according to the report
Continue ReadingBy Laura He, CNN China’s factory activity has expanded at the fastest pace in more than a decade, as the world’s second largest economy staged what economists are calling a “very rapid” rebound after reopening from zero-Covid. The government’s official purchasing managers’ index (PMI) for the manufacturing industry hit 52.6 in February, the highest level
Continue ReadingBy Xiaofei Xu, Eve Brennan and James Frater, CNN The European Parliament on Tuesday banned TikTok from staff devices over cybersecurity concerns, meaning the Chinese video-sharing app is now barred in all three of the EU’s main institutions. “In view of cybersecurity concerns, in particular regarding data protection and collection of data by third parties,
Continue ReadingBy Peter Valdes-Dapena, CNN Business Nissan is recalling more than 700,000 Rogue and Rogue Sport compact SUVs because they can be shut off accidentally while driving. Some model year 2016 through 2020 Nissan Rogue and 2017 through 2022 Rogue Sports, have jackknife-style keys — the type in which the metal blade of the key flips
Continue ReadingBy Kara Scannell, CNN A former top executive of failed cryptocurrency trading platform FTX pleaded guilty and is cooperating with federal prosecutors investigating the alleged billion-dollar fraud at the now collapsed exchange. Nishad Singh, the former director of engineering at FTX, pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to
Continue ReadingBy Allison Morrow, CNN Fox Chairman Rupert Murdoch said under oath that he made a business decision when allowing a conspiracy theorist to promote election lies on Fox News. “It is not red or blue; it is green,” he told lawyers in a deposition made public Monday. But spreading falsehoods about the 2020 presidential election
Continue ReadingBy Brian Fung, CNN The US government is reviewing a policy that permits certain US exports to continue to Huawei, despite an overall push by the Trump and Biden administrations to block the Chinese telecommunications giant from receiving American technology. Alan Estevez, a Commerce Department official, told lawmakers Tuesday that the policy is “under assessment”
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