Skip to Content
By Kara Scannell, Lauren del Valle and Fredreka Schouten, CNN Federal prosecutors announced four new criminal charges against Sam Bankman-Fried, the founder of crypto trading platform FTX, expanding his potential liability in what authorities allege is a billion-dollar fraud. The new charges, unsealed in a superseding indictment on Thursday, add to the already serious charges
Continue ReadingBy Parija Kavilanz, CNN Some people love them, some people hate them. Worse, a large number of us who receive them on special occasions are indifferent to them, or even forget about them entirely. Such is the sad fate of gift cards — millions of which go unused each year and have a collective value
Continue ReadingBy Chris Isidore and Alicia Wallace, CNN The US economy grew at a 2.7% annual rate in the final three months of the year, the Commerce Department reported Thursday. That’s less than the previous estimate of 2.9% growth in the quarter. The slower increase in gross domestic product, a broad measure of economic activity, could
Continue ReadingBy Brian Fung and Hanna Ziady, CNN The European Commission has banned TikTok from official devices because of concerns about cybersecurity, a move sharply criticized by the company in its latest run-in with Western governments over how it handles user data. Commission staff have until March 15 to delete the short-form video app, owned by
Continue ReadingBy Nicole Goodkind, CNN There’s a new tussle brewing in the animal kingdom of Wall Street: Hawks vs. Bulls. Policymakers at the Federal Reserve have repeatedly signaled that interest rates will be higher for longer and that restrictive policy will inevitably cool the economy. Yet hope springs eternal for investors who have opted to ignore
Continue ReadingBy Jessie Yeung and Wayne Chang, CNN Several popular Chinese apps have removed access to ChatGPT, the artificial intelligence chatbot that has taken the world by storm even as major Chinese tech companies race to develop their own equivalent. ChatGPT, developed by the American research lab OpenAI, is not officially available in China, but several
Continue ReadingCNN By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of the global economy. But China, which has declared “no limits” to its friendship with its northern neighbor, has thrown the Kremlin an economic lifeline, tempering the impact
Continue ReadingCNN By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of the global economy. But China, which has declared “no limits” to its friendship with its northern neighbor, has thrown the Kremlin an economic lifeline, tempering the impact
Continue ReadingBy Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of the global economy. But China, which has declared “no limits” to its friendship with its northern neighbor, has thrown the Kremlin an economic lifeline, tempering the impact of
Continue ReadingCNN By Laura He, CNN In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of the global economy. But China, which has declared “no limits” to its friendship with its northern neighbor, has thrown the Kremlin an economic lifeline, tempering the impact
Continue ReadingBy Chris Isidore, CNN Norfolk Southern has agreed to give one of its unions the paid sick days it demanded for members in negotiations last year, and is in talks to grant sick days to its other unions as well. The announcement comes hours after the company’s chief financial officer, Mark George, told investors that
Continue ReadingBy Jeanne Sahadi, CNN If your company lays you off, your employer might offer you severance pay — but only if you agree to adhere to a number of restrictions. Staying quiet is often one of them. But the National Labor Relations Board this week put employers on notice that they can no longer silence
Continue ReadingBy Sean Lyngaas, CNN A cyberattack earlier this month forced produce giant Dole to temporarily shut down production plants in North America and halt food shipments to grocery stores, according to a company memo about the incident obtained by CNN. The previously unreported hack — which a source familiar with the incident said was ransomware
Continue ReadingBy Jen Christensen, CNN The US Food and Drug Administration announced Wednesday that it has filed complaints against four makers of e-cigarette products, as the companies did not get authorization from the FDA to sell their products in the US market. This is the first time that the agency has filed what it calls a
Continue ReadingBy Peter Valdes-Dapena, CNN Business For those who have ever felt the urge to whip off a TikTok video from inside their car, Mercedes-Benz owners might be able to do that from inside the 2024 E-class without even having get out their phones. That means dance moves could be possible using both hands, as long
Continue ReadingBy Jon Passantino National Public Radio will lay off 10% of its staff after projecting a $30 million budget shortfall, NPR’s chief executive John Lansing wrote in a memo to staff Wednesday. It becomes just the latest media outlet to make painful cuts as a dramatic slowdown in the advertising market continues to send shockwaves
Continue ReadingBy Anna Bahney, CNN The Biden administration announced Wednesday a change that will save an estimated 850,000 home buyers — primarily low- and middle-income and first-time buyers — an average of $800 on home financing costs this year. The move affects mortgage insurance premiums paid by new borrowers who take out loans insured by the
Continue ReadingCNN By Brian Fung and Tierney Sneed, CNN After back-to-back oral arguments this week, the Supreme Court appears reluctant to hand down the kind of sweeping ruling about liability for terrorist content on social media that some feared would upend the internet. On Wednesday, the justices struggled with claims that Twitter contributed to a 2017
Continue ReadingCNN, CNN BUSINESS By Peter Valdes-Dapena, CNN Business For those who have ever felt the urge to whip off a TikTok video from inside their car, Mercedes-Benz owners might be able to do that from inside the 2024 E-class without even having get out their phones. That means dance moves could be possible using both
Continue ReadingBy Jennifer Korn Vanderbilt University’s Peabody School has apologized to students for using artificial intelligence to write an email about a mass shooting at another university, saying the distribution of the note did not follow the school’s usual processes. Last Friday, the Tennessee-based school emailed its student body to address the tragedy at Michigan State
Continue Reading