By Nicole Goodkind, CNN A Valentine’s Day surprise doesn’t usually include egg and gas prices, but the heart wants what the heart wants, and Wall Street is entranced by January’s Consumer Price Index. What’s happening: Investors will get some market direction clarity on Tuesday morning with the release of key inflation data. And though consumer
Continue Reading By Michelle Toh, CNN New York’s top financial regulator has ordered a crypto company to stop minting a major stablecoin, widening a clampdown on the embattled digital assets sector. Paxos, a blockchain company, announced Monday that it had been instructed by the New York State Department of Financial Services (NYDFS) to stop issuing BUSD, a
Continue Reading By Manveena Suri, Kunal Sehgal and Rhea Mogul, CNN Indian tax authorities raided the BBC’s offices in New Delhi and Mumbai on Tuesday, weeks after the country banned a documentary from the British broadcaster that was critical of Prime Minister Narendra Modi’s alleged role in deadly riots more than 20 years ago. BBC News reported
Continue Reading By Heather Chen, CNN One of Cambodia’s last remaining independent media outlets has been shut down by Prime Minister Hun Sen ahead of national elections in July, in a move condemned by rights groups as a blow to press freedom. Based in the capital Phnom Penh, Voice of Democracy (VOD), a local outlet run by
Continue Reading By Oliver Darcy, CNN The Super Bowl delivered super ratings for Fox. The face off between the Philadelphia Eagles and Kansas City Chiefs, a nail biter in which the latter team emerged victorious after a game defining play late in the fourth quarter, averaged 113 million viewers across Fox’s television and digital properties, according to
Continue Reading By Paul R. La Monica, CNN Barney is back, and while Mattel has not yet officially confirmed it, we’re guessing he still loves you. Toy giant Mattel announced Monday that Barney, the friendly (and, let’s be honest, cringe-worthy to a large group of Millennials who watched him as pre-schoolers, and to their parents) purple dinosaur
Continue Reading By Peter Valdes-Dapena, CNN Business Ford is investing $3.5 billion to build a battery plant in Michigan, a move that will help the automaker take advantage of more federal tax credits for electric vehicles. The plant will operate as a wholly owned subsidiary of Ford Motor Co. but will build batteries using “knowledge” and services
Continue Reading By Nicole Goodkind, CNN A new report about tariffs on underwear finds that when it comes to tax rates, women are getting shorts-changed. The average US tariff rate on women’s undergarments is 15.5%, compared to just 11.5% for men’s. That means women are being charged a tax that’s 35% higher than what their male counterparts
Continue Reading By Christine Romans, CNN Chief Business Correspondent If “transitory” was the buzzword for inflation watchers in 2021, this year it’s “supercore.” Federal Reserve officials and economists were taken to task for dismissing inflation as temporary earlier in the pandemic, so now they’re slicing and dicing inflation data in different ways. The new favorite: supercore inflation.
Continue Reading By Jeanne Sahadi, CNN Secure 2.0, the new retirement rules that lawmakers passed in late December, includes several provisions that will make the tax-free savings vehicle known as a Roth more accessible and flexible. And, in one instance, it will mandate that some higher-income earners put a portion of their 401(k) savings in a Roth
Continue Reading By Peter Valdes-Dapena, CNN Business Ram revealed the production version of its electric pickup in a Super Bowl commercial, and it turns out that it looks much like today’s internal combustion powered Ram 1500 truck, instead of the futuristic concept unveiled just last month. Stellantis, Ram’s parent company, had previously revealed a sleek looking concept
Continue Reading By Peter Valdes-Dapena, CNN Business Ram revealed the production version of its electric pickup in a Super Bowl commercial, and it turns out that it looks much like today’s internal combustion powered Ram 1500 truck, instead of the futuristic concept unveiled just last month. Stellantis, Ram’s parent company, had previously revealed a sleek looking concept
Continue Reading By Jeanne Sahadi, CNN The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment last year to offset inflation and other negative economic impacts: Those payments won’t be subject to federal income tax. “The IRS determined it will not challenge the taxability of payments
Continue Reading By Jeanne Sahadi, CNN The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment last year to offset inflation and other negative economic impacts: Those payments won’t be subject to federal income tax. “The IRS determined it will not challenge the taxability of payments
Continue Reading By Nicole Goodkind, CNN Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation and interest rates have taken a big bite out of debt-laden tech companies that expected pandemic-era growth to continue and US credit card debt reached
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By Anna Cooban, CNN US regulators have fined Mars Wrigley, the maker of Snickers and Skittles, after two workers fell into a tank of chocolate at its Pennsylvania factory last June. The Occupational Safety and Health Administration fined the confectionery and chewing gum maker $14,500 for the incident, which it described as “serious” in a
Continue Reading By Danielle Wiener-Bronner, CNN The much-hyped M&M’s Super Bowl commercial that was supposed to clarify the status of the brand’s “spokescandies,” which were put on pause after they were criticized by right-wing pundits, finally aired on Sunday, and it was, well, confusing. In it, actress and comedian Maya Rudolph tosses handfuls of the colorful candies
Continue Reading By Danielle Wiener-Bronner, CNN The much-hyped M&M’s Super Bowl commercial that was supposed to clarify the status of the brand’s “spokescandies,” which were put on pause after they were criticized by right-wing pundits, finally aired on Sunday, and it was, well, confusing. In it, actress and comedian Maya Rudolph tosses handfuls of the colorful candies
Continue Reading By Ramishah Maruf, CNN Workers at a Southern California Medieval Times have walked off the job and went on strike before their second performance of the day Saturday, the union confirmed. About 25 of the 50 workers in their bargaining unit walked out at the Buena Park location, said Erin Zapcic, lead organizer of Medieval
Continue Reading By Ramishah Maruf, CNN Electric carmaker Tesla will face a hit on Super Bowl Sunday, when an ad will play showing the alleged dangers of its Full Self-Driving technology. The commercial, which will be aired in Washington, DC, Austin, Tallahassee, Albany, Atlanta and Sacramento does not paint Tesla in the best light. The ad is
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