By Kara Scannell, CNN Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, appeared in a US courtroom in New York Thursday to face eight counts of fraud and conspiracy. A judge released him on a $250 million bond in his first appearance on American soil since his arrest last week in the Bahamas. The
Continue Reading By Matt Egan, CNN The “once-in-a-generation” winter storm sweeping across the nation will force Americans to crank up the heat at a time when it’s become increasingly expensive to do that. Even before this historic winter storm emerged, experts warned home heating costs would jump this winter to the highest level in more than a
Continue Reading By Samantha Murphy Kelly, CNN Business A small but growing number of universities are now blocking access to TikTok on school-owned devices or WiFi networks, in the latest sign of a widening crackdown on the popular short-form video app. The University of Oklahoma and Auburn University in Alabama have each said they will restrict student
Continue Reading By Vanessa Yurkevich, CNN Immigration has long been a political football in the United States. But If you’re wondering why America’s labor shortage persists nearly three years into the Covid pandemic, it’s in part because America doesn’t have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs — jobs
Continue Reading By Vanessa Yurkevich, CNN Immigration has long been a political football in the United States. But If you’re wondering why America’s labor shortage persists nearly three years into the Covid pandemic, it’s in part because America doesn’t have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs — jobs
Continue Reading By Nathaniel Meyersohn, CNN The popular NFL Sunday Ticket package is leaving DirectTV and heading to YouTube TV. The NFL announced the partnership with YouTube TV, owned by Google, on Thursday. It follows years of speculation about which media company would be next to own the rights to Sunday Ticket, which broadcasts all out-of-market NFL
Continue Reading By Chris Isidore and Alicia Wallace, CNN The Dow sank as America’s economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve’s battle to cool the economy to fight inflation is having only a limited impact. The Commerce Department’s final reading Thursday morning showed gross domestic product, the
Continue Reading By Clare Duffy, CNN TikTok parent company ByteDance has fired four employees who improperly accessed the personal data of two journalists on the platform, TikTok spokesperson Brooke Oberwetter confirmed to CNN Thursday. TikTok user data from the two journalists, who worked for the Financial Times and BuzzFeed, was accessed while ByteDance employees were investigating potential
Continue Reading By Brian Fung, CNN In a matter of days, the United States is expected to ban federal employees from downloading or using TikTok on government-issued phones or tablets, marking the country’s broadest crackdown on the short-form video app to date. The looming ban is the result of a bill that’s moved through Congress in the
Continue Reading Greg Wallace, Paul P. Murphy, and Carol Alvarado, CNN Snow, rain, ice, wind and frigid temperatures are disrupting air travel plans across the United States as well as bus and Amtrak passenger train service. Airlines canceled more than 2,400 US flights by 9 p.m. ET Thursday and proactively canceled more than 2,200 flights for Friday,
Continue Reading By Swati Gupta and Rhea Mogul, CNN India’s health minister has advised the public to take precautions against Covid-19, including getting vaccinated and wearing masks, as the country remains on alert for potential new variants that could emerge from the wave of infections sweeping neighboring China. Health Minister Mansukh Mandaviya on Thursday told Parliament that
Continue Reading By Tom Page, CNN Business Fashion’s ephemeral nature might seem an odd bedfellow for the blockchain, an online ledger that’s designed to be permanent. But the industry is finding ways to harness it and other digital tools to reduce waste and push fashion into the future. Italian company Lablaco is working with fashion houses and
Continue Reading By Tom Page, CNN Business Fashion’s ephemeral nature might seem an odd bedfellow for the blockchain, an online ledger that’s designed to be permanent. But the industry is finding ways to harness it and other digital tools to reduce waste and push fashion into the future. Italian company Lablaco is working with fashion houses and
Continue Reading By Laura He and Cheng Cheng, CNN The abrupt shift in China’s Covid policy has left its people and health facilities ill-prepared to deal with a huge wave of infections, leading to widespread shortages of the most common drugs used to alleviate flu-like symptoms. The local versions of Tylenol and Advil are nearly impossible to
Continue Reading By Kara Scannell and Matt Egan, CNN Two senior executives associated with collapsed crypto exchange FTX have pleaded guilty to multiple criminal charges and are cooperating with federal prosecutors, according to unsealed court records. Additionally, the pair face civil fraud charges from the Securities and Exchange Commission that were announced Wednesday night. Gary Wang, the
Continue Reading Greg Wallace, Paul P. Murphy, and Carol Alvarado, CNN Snow, rain, ice, wind and frigid temperatures are disrupting air travel plans across the United States as well as bus and Amtrak passenger train service. Airlines canceled more than 2,400 US flights by 9 p.m. ET Thursday and proactively canceled more than 2,200 flights for Friday,
Continue Reading By Matt McFarland, CNN A driver told authorities that their Tesla’s “full-self-driving” software braked unexpectedly and triggered an eight-car pileup in the San Francisco Bay Area last month that led to nine people being treated for minor injuries including one juvenile who was hospitalized, according to a California Highway Patrol traffic crash report. CNN Business
Continue Reading By Clare Duffy, CNN Twitter has been hit with allegations from 100 former employees affected by mass layoffs at the company, including that it unfairly laid off more women than men, terminated employees who were actively on medical or parental leave and reneged on promises related to severance pay. The allegations were included as part
Continue Reading By Jeanne Sahadi, Katie Lobosco and David Goldman, CNN It will take time for lawmakers and the public to digest the trove of documents relating to former President Donald Trump’s tax returns released Tuesday night by the House Ways and Means Committee. Trump repeatedly defied convention and refused to release his tax returns both as
Continue Reading By Jordan Valinsky, CNN Business Even Santa’s fictional house is going up in price. Zillow said Kris Kringle’s 3-bedroom, 2-bathroom North Pole property is now worth $1,154,137 — an increase of 12% over the past year. The home has soared in 77% in value compared to when Zillow first “listed” it six years ago, with
Continue Reading