By Ross Levitt, CNN The National Transportation Safety Board, which is investigating a near miss incident on the JFK runway last month, has issued a subpoena for the testimony of the American Airlines pilots involved. “American Airlines cleared the flight crew’s schedule to ensure their availability; however, the flight crew refused to be interviewed on
Continue Reading By Ramishah Maruf, CNN The Consumer Product Safety Commission reiterated its warning about the hazards of some popular Baby Trend-brand strollers Friday, which led to the death of a toddler and injury of another. On Thursday, the CPSC and Baby Trend warned consumers about a head or neck entrapment risk on the Sit N’ Stand
Continue Reading By Alicia Wallace, CNN December consumer prices rose from the month before and did not fall as previously thought, according to revised data from the Bureau of Labor Statistics released Friday. The newly calibrated Consumer Price Index shows that prices rose 0.1% on a seasonally adjusted basis in December from November versus a previously estimated
Continue Reading By Elle Reeve and Samantha Guff, CNN Sitting across from Jimmy Fallon on “The Tonight Show,” Paris Hilton, wearing a sparkling neon green turtleneck dress and a high ponytail, looked at a picture of a glum cartoon ape and said it “reminds me of me.” The audience laughed. It did not look like her at
Continue Reading By Parija Kavilanz, CNN When you’re the last lone surviving store in any industry, you’ve earned the right to have fun and hype it up. That’s exactly what the only remaining store of the Blockbuster video rental chain is doing, and it’s during the Super Bowl. And it helps if you still have a VCR,
Continue Reading By Oliver Darcy and Betsy Klein, CNN The White House says President Joe Biden will not sit down for an interview with Fox before the Super Bowl, ending a strange back and forth between the Biden administration and the television network with which it frequently spars. Earlier Friday, White House Press Secretary Karine Jean-Pierre said
Continue Reading By Peter Valdes-Dapena, CNN Business For those who really don’t want a long term commitment but who may try out living with an electric vehicle, Hyundai is starting a car subscription service. Hyundai’s new Evolve+ program is designed for the “EV-curious,” or for those who only need a car temporarily, like “snowbirds” who move to
Continue Reading By Paul R. La Monica, CNN With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. The American Gaming Association is predicting that more than 50 million people will bet about $16 billion on the National Football League championship game between the Kansas City Chiefs
Continue Reading By Jessie Gretener and Olesya Dmitracova, CNN South Africa’s President Cyril Ramaphosa has declared a national state of disaster in response to the country’s drawn-out energy crisis, calling it “an existential threat” to Africa’s most developed economy. Setting out the government’s key objectives for the year in a state of the nation address Thursday, Ramaphosa
Continue Reading 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 Alicia Wallace, CNN Easing inflation and a strong labor market are helping consumers feel better about the economy this month, according to a closely watched survey released Friday by the University of Michigan. The preliminary consumer sentiment index for February increased to 66.4 from 64.9 in January, the university reported Friday. That’s the best
Continue Reading By Jackie Wattles and Kristin Fisher, CNN SpaceX just attempted to ignite all 33 engines in a test fire of its gargantuan Super Heavy rocket booster. The trial marks the company’s first “static fire” test for what is expected to be the most powerful launch vehicle ever built. The Super Heavy booster started its engines
Continue Reading By Jordan Valinsky, CNN Watching Super Bowl LVII in person will be cheaper than last year’s game, but it will still cost you thousands of dollars. StubHub said that the average price customers are paying for a ticket Thursday was $6,800. The cheapest seats to Sunday’s match up between the Philadelphia Eagles and Kansas City
Continue Reading By Nicole Goodkind, CNN Companies have been eager to please Wall Street in what has so far been a lackluster earnings season by repurchasing shares and boosting dividends for shareholders. What’s happening: Buyback announcements reached a new record of $1.22 trillion last year, and they’re already on track to beat that high in 2023. Companies
Continue Reading By Jordan Valinsky, CNN Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. The company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion euro) in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. Adidas ended its nine-year partnership with the rapper last
Continue Reading By Nathaniel Meyersohn, CNN The sports gambling gold rush is coming at a high cost. In 2018, the Supreme Court struck down a federal ban on commercial sports betting in most of the country. Thirty-three states have made sports gambling legal in the wake of the decision. Now, on Super Bowl Sunday, a record 50.4
Continue Reading By Julia Horowitz, CNN When US President Joe Biden signed the Inflation Reduction Act into law, he enacted the biggest climate investment in American history — a landmark moment for a nation that pumps more carbon into the atmosphere than any country bar China. “Our Department of Energy estimates that the new law will reduce
Continue Reading By Anna Cooban and Radina Gigova, CNN Russia will cut crude oil production by half a million barrels per day starting in March, a little over two months after the world’s major economies imposed a price cap on the country’s seaborne exports. “We will not sell oil to those who directly or indirectly adhere to
Continue Reading By Olesya Dmitracova and Rob North, CNN The UK economy flatlined in the last quarter of 2022, meaning that it just managed to avoid falling into a recession. But the outlook for this year is much worse. Gross domestic product (GDP) had fallen 0.2% in the July-September quarter, and two consecutive quarters of contraction would
Continue Reading By Danielle Wiener-Bronner, CNN Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning singer Rosalía. As with its other high-concept flavors, Coca-Cola isn’t sharing what Move is actually supposed to taste like. Like Starlight, Byte and Dreamworld before it, Move doesn’t have a traditional flavor, such as cherry. Instead, the
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