As tax day nears, experts say be wary of scams
The last day for people to file their taxes is next Tuesday, April 18.
Continue ReadingThe last day for people to file their taxes is next Tuesday, April 18.
Continue ReadingMeetings from the Federal Reserve’s March meeting revealed Thursday that the central bank expects a recession.
Continue ReadingBy Marshall Cohen Dominion Voting Systems can’t bring up the January 6 insurrection during its upcoming defamation trial against Fox News, a Delaware judge ruled Tuesday, who also revealed at a hearing that he has been receiving death threats. The voting technology company sued Fox News over the right-wing network’s promotions of false claims that
Continue ReadingBy Parija Kavilanz, CNN Louis Vuitton, Chanel, Gucci, step aside. Resale clothing shoppers are bypassing previously-owned luxury brands at discounted prices in favor of scoring secondhand mid-tier brands for less. More affordable brands, such as Madewell, Zara, Urban Outfitters, Free People, Anthropologie, Abercrombie & Fitch and Levi’s are now the most popular brands with the
Continue ReadingBy Alicia Wallace, CNN US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said at a press conference
Continue ReadingBy Catherine Thorbecke, CNN A judge on Monday denied Elizabeth Holmes’ request to remain free while she appeals her conviction, setting the stage for the disgraced Theranos founder to report to prison later this month. In his order, Judge Edward Davila of the Northern District of California said Holmes does not pose a danger to
Continue ReadingBy Jordan Valinsky, CNN The distinctive gas grills in Chipotle restaurants might be a thing of the past. On Tuesday, the fast casual Mexican chain unveiled an all-electric restaurant design that is completely powered by renewable energy, such as solar and wind. That means the gas grills that have become the focal point for walk-in
Continue ReadingBy Brian Fung, CNN Former senior executives of Twitter have sued the company in an attempt to recover more than $1 million in legal expenses incurred by responding to shareholder lawsuits, federal investigations and a congressional hearing, according to a complaint filed Monday in Delaware Chancery Court. The lawsuit by former Twitter CEO Parag Agrawal,
Continue ReadingBy Julia Horowitz, CNN At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had feared. Positive developments included China’s reopening, signs of resilience in Europe and falling energy prices. But a crisis in the banking sector that emerged last month
Continue ReadingBy Vanessa Yurkevich, CNN The Writers Guild of America is set to hold a strike authorization vote on Tuesday. If it passes, which it is expected to, that will allow leadership to call a strike if the Guild and the Alliance of Motion Pictures and Television Producers do not reach a new contract agreement by
Continue ReadingBy Nicole Goodkind, CNN Business Persistent inflation remains the Federal Reserve’s No. 1 concern, even as the banking sector remains on edge after two big bank failures last month. This week’s Consumer Price Index, due to be announced Wednesday at 8:30 am ET, could determine whether the central bank raises rates again in May. That
Continue ReadingBy Jordan Valinsky, CNN An enormous Whole Foods in downtown San Francisco that opened just last year is temporarily closing. The company said rampant crime in the area forced it to shut down. The nearly 65,000-square foot location at Trinity Place in the city’s Mid-Market neighborhood shut its doors Monday to “ensure the safety” of
Continue ReadingBy Jordan Valinsky, CNN An enormous Whole Foods in downtown San Francisco that opened just last year is temporarily closing. The company said rampant crime in the area forced it to shut down. The nearly 65,000-square foot location at Trinity Place in the city’s Mid-Market neighborhood shut its doors Monday to “ensure the safety” of
Continue ReadingBy Anna Cooban, CNN Cineworld’s stock plummeted 36% Tuesday afternoon to an all-time low after the company said it had filed a plan to reorganize its business and shareholders would not recover any of their funds. The embattled owner of Regal Cinemas said it had submitted a final version of the plan to a US
Continue ReadingBy Duarte Mendonca and Olesya Dmitracova, CNN The head of the most influential business lobby in the United Kingdom has been fired following a probe into complaints about his workplace conduct. Tony Danker is leaving the Confederation of British Industry with immediate effect, the group said in a statement Tuesday. Three other employees have been
Continue ReadingBy Michelle Toh, CNN Alibaba showed off its answer to the ChatGPT craze on Tuesday, demonstrating new software that it plans to eventually roll out across all its platforms. The Chinese tech giant unveiled Tongyi Qianwen, a large language model that will be embedded in its Tmall Genie smart speakers and workplace messaging platform DingTalk.
Continue ReadingBy Ramishah Maruf, CNN West Virginia has settled a lawsuit with e-cigarette maker Juul Labs for a total of $7.9 million, the state’s attorney general announced Monday. The company was accused of unfair, deceptive acts or practices in the advertising and marketing of Juul products in the state, specifically targeting teenagers. The lawsuit claimed Juul
Continue ReadingBy Allison Morrow, CNN Democratic lawmakers sent letters to 14 of the largest depositors at Silicon Valley Bank, seeking details about the lender’s “unusually cozy” relationships with its well-heeled clients. Senator Elizabeth Warren of Massachusetts and Representative Alexandria Ocasio-Cortez of New York sent the letters Sunday to executives at Roku, Roblox, Circle and BlockFi, among
Continue ReadingBy Alicia Wallace, CNN US consumers are starting to feel that credit is getting harder to come by, according to survey results released Monday by the Federal Reserve Bank of New York. Consumer perceptions of credit access and availability declined in March, with the share of respondents reporting it’s harder to obtain credit than one
Continue ReadingBy Jeanne Sahadi, CNN Parents invest so much of themselves, emotionally and financially, in raising their children — but the time comes when a parent has to stop subsidizing their adult children’s everyday expenses. Think housing, health insurance, car payments, cell phones, credit cards, subscription services, student loans and travel. And, as it turns out,
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