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By Ramishah Maruf, CNN New York (CNN) — The companies Chemours, DuPont and Corteva announced on Friday they have agreed to pay more than $1 billion to settle claims that “forever chemicals” contaminated public US water systems. The family of ubiquitous synthetic chemicals – per- and polyfluoroalkyl substances, also known as PFAS – linger in
Continue ReadingBy Elisabeth Buchwald, CNN New York (CNN) — Economists have been closely watching monthly US job reports for signs of cracks in the labor market that could offer clues as to when a recession could start. But their predictions have been tested month after month with stronger-than-expected gains. Last month’s jobs report was no exception.
Continue ReadingCNN By Chris Isidore, CNN New York (CNN) — US recession worries aren’t dead. But they may have passed into a coma at 8:30 am ET on Friday. That’s when the Labor Department released its latest jobs report, which indicated employers are hiring virtually all the workers they can find — 339,000 in May alone.
Continue ReadingBy Chris Isidore, CNN New York (CNN) — US recession worries aren’t dead. But they may have passed into a coma at 8:30 am ET on Friday. That’s when the Labor Department released its latest jobs report, which indicated employers are hiring virtually all the workers they can find — 339,000 in May alone. The
Continue ReadingBy Samantha Murphy Kelly, CNN (CNN) — A high school English class may not sound like the typical forum for educating kids on the risks of social media, but that hasn’t stopped Jennifer Rosenzweig. Each school year, the 10th graders in her class at Scarsdale High School in New York watch “The Social Dilemma,” a
Continue ReadingBy Catherine Thorbecke, CNN (CNN) — An Amazon worker who helped lead a milestone organizing effort to form what would have been the company’s first US union at a warehouse in Alabama said she has been fired by the e-commerce giant. Jennifer Bates became the face of the effort to unionize an Amazon facility in
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — The US labor market picked up momentum in May, once again defying expectations of a slowdown. But Federal Reserve officials are still likely to suspend rate hikes in their upcoming policy meeting because of broader trends pointing to a weakened economy later in the year. The debate
Continue ReadingCNN By Bryan Mena, CNN Washington, DC (CNN) — The US labor market picked up momentum in May, once again defying expectations of a slowdown. But Federal Reserve officials are still likely to suspend rate hikes in their upcoming policy meeting because of broader trends pointing to a weakened economy later in the year. The
Continue ReadingBy Krystal Hur, CNN New York (CNN) — The Dow surged over 700 points mid-afternoon Friday as investors applauded Congress’s passage of the debt ceiling deal and celebrated a cheerful jobs report. The blue-chip index soared 734 points, or 2.2%, putting it on track for the best daily gain since November 2022. The S&P 500
Continue ReadingBy Peter Valdes-Dapena, CNN Business (CNN) — Ford, the parent company of Lincoln, and the National Highway Traffic Safety Administration are warning owners of nearly 143,000 Lincoln MKC compact SUVs to park them outside and away from buildings and other vehicles because they could potentially catch fire, even when not running. The issue stems from
Continue ReadingCNN By Jordan Valinsky, CNN Business New York (CNN) — Chick-fil-A has become a surprise target of right-wing ire following the discovery that the company has an executive overseeing its diversity, equity and inclusion policies. It joins a growing list of companies that right-wing media and conservatives on social platforms have chastised for so-called “woke”
Continue ReadingBy Clare Duffy, CNN New York (CNN) — YouTube on Friday said it will no longer remove content featuring false claims that the 2020 US presidential election was stolen, reversing a policy instituted more than two years ago amid a wave of misinformation about the election. The platform said in a blog post that it
Continue ReadingBy Jeanne Sahadi, CNN New York (CNN) — Just as stock market turmoil is a good reminder to make sure your investment portfolio is diversified, a few surprise bank failures is a good excuse to find out whether your financial accounts — not just your checking and savings accounts — are all protected in the
Continue ReadingBy Matt Egan, CNN New York (CNN) — Fitch Ratings is keeping the United States on watch for a potential credit rating downgrade even after Congress passed a last-minute bill to avert a disastrous default. In its first statement since the Senate passed the debt ceiling legislation Thursday night, Fitch Ratings on Friday said it
Continue ReadingCNN By Matt Egan, CNN New York (CNN) — Fitch Ratings is keeping the United States on watch for a potential credit rating downgrade even after Congress passed a last-minute bill to avert a disastrous default. In its first statement since the Senate passed the debt ceiling legislation Thursday night, Fitch Ratings on Friday said
Continue ReadingBy Chris Isidore, CNN New York (CNN) — Payment apps like PayPal and Venmo might be convenient, but they’re not banks — and a federal financial services watchdog is worried that too many consumers are treating them as such. Some consumers are using services like PayPal, Venmo, Cash App and Apple Pay for direct deposit
Continue ReadingBy Catherine Thorbecke, CNN (CNN) — Airbnb on Thursday sued New York City over its restrictions on short-term housing rentals, in a legal dispute that pits the company’s concerns about its ability to operate in a key market against the city’s efforts to address an affordable housing crisis. The San Francisco-based tech company sued New
Continue ReadingBy Nathaniel Meyersohn, CNN New York (CNN) — Target’s stock has lost about a fifth of its value over the past two and half weeks. It’s not about what you may have heard. If you follow right-wing media or Twitter, you may have seen a lot of coverage recently about Target’s stock price falling because
Continue ReadingBy Anna Bahney, CNN Washington, DC (CNN) — Commercial and multifamily mortgage delinquencies increased in the first quarter of 2023, according to a new report from the Mortgage Bankers Association. “Ongoing stress caused by higher interest rates, uncertainty around property values, and questions about fundamentals in some property markets are beginning to show up in
Continue ReadingBy Nicole Goodkind, CNN Business New York (CNN) — Netflix shareholders voted on Thursday to reject multi-million dollar pay packages for the company’s top executives including for co-CEOs Ted Sarandos and Greg Peters. The vote, which is non-binding, comes amid a strong bounceback for a company that lost more than half its value in 2022
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