By Nicole Goodkind, CNN Business US stocks alternated between slight losses and modest gains Monday before eventually closing higher ahead of the Federal Reserve’s two-day policy meeting later this week. The Dow closed up about 197 points, or 0.6%, while the S&P 500 and Nasdaq Composite rose 0.7% and 0.8% respectively. The bond market reached
Continue Reading By Julia Horowitz, CNN Business Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line. “If we
Continue Reading By Laura He, CNN Business The future looked promising for Cherry in May last year, when she secured a prestigious internship at a major software firm, while still studying at a university in Wuhan. The company told her that she could start working for them full time, once she graduates. But her situation changed dramatically
Continue Reading By Emma Tucker, CNN When a TikTok user searches the social media app for information on top news stories, ranging from Covid-19 vaccines to school shootings, nearly 20% of the videos presented as search results contain misinformation, according to a research report published Wednesday. Researchers at NewsGuard, a journalism and technology tool that tracks online
Continue Reading By Zoe Sottile, CNN A man mistakenly received a payment of almost $250,000 from Google — even though he hadn’t done any work for the company. Sam Curry, a staff security engineer at cryptocurrency company Yuga Labs, described the baffling payment on his verified Twitter account on Tuesday. “It’s been a little over 3 weeks
Continue Reading By Ramishah Maruf, CNN Nissan is recalling more than 200,000 pickup trucks due to a risk that the vehicles could roll away while in park. Nissan Frontiers and Titans from years 2020 through 2023 are the affected models, representing 203,223 vehicles sold. The NHTSA said the trucks could roll away because the transmission parking pawl,
Continue Reading By David Zurawik, CNN The BBC credits Queen Elizabeth II’s coronation in 1953 as the “event that did more than any other to make television a mainstream medium.” Fitting, then, that her funeral on Monday marks the end of TV’s dominance that started when she came to the throne. Back then, the lack of TV
Continue Reading By Chris Isidore, CNN Business The 11th hour deal that prevented a crippling strike at the nation’s freight railroads is the biggest win for US unions in years. The agreement, reached in the early hours Thursday, kept more than 50,000 engineers and conductors on the job, and won members the changes in work rules sought
Continue Reading By Chris Isidore, CNN Business The 11th hour deal that prevented a crippling strike at the nation’s freight railroads is the biggest win for US unions in years. The agreement, reached in the early hours Thursday, kept more than 50,000 engineers and conductors on the job, and won members the changes in work rules sought
Continue Reading By Catherine Thorbecke, CNN Business Most people may live out their digital lives with the assumption they can delete their posts, messages and personal data from services whenever they choose. But a tech hearing this week threw that core assumption into question. Peiter “Mudge” Zatko, the former security chief at Twitter, told a Senate committee
Continue Reading By Brian Fung, CNN TikTok has begun to require “mandatory verification” for political accounts based in the United States and will be prohibiting all political fundraising on its short-video platform, the company said Wednesday. The changes could affect the way many of the company’s millions of US users engage with political content ahead of the
Continue Reading By Paul R. La Monica, CNN Business The Federal Reserve’s upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or it will hike them by an unprecedented one full percentage point to 3.25%. But what
Continue Reading By Jennifer Korn, CNN Business At 11:44 a.m. on September 19, 1982, Scott Fahlman made internet history by stitching together a colon, a hyphen and a close parenthesis. Fahlman, a computer science professor at Carnegie Mellon University, posted “: – )” on the school’s online bulletin board, a primitive kind of social network accessible only
Continue Reading By Anna Cooban, CNN Business Much of Britain came to a standstill on Monday for the funeral of Queen Elizabeth II. The government declared the day an official holiday to allow people to pay their respects, meaning that all banks, the London Stock Exchange (LSE), public offices and most businesses were shut. The short notice
Continue Reading By Nathaniel Meyersohn, CNN Business Inflation has made it hard to buy much with a buck these days. $1 pizza has disappeared. Dollar stores aren’t dollar stores anymore. So wouldn’t it make more sense to start paying with $2 bills instead? “If you had a $2 bill, perfect,” said Heather McCabe, a writer and $2
Continue Reading By Samantha Murphy Kelly, CNN Business Apple said it is working on a software fix after some users who recently purchased an iPhone 14 Pro or iPhone 14 Pro Max reported their devices’ rear-facing cameras shook “uncontrollably” and made strange noises when using social media apps. In videos and posts uploaded to social media sites,
Continue Reading By Samantha Murphy Kelly, CNN Business For anyone prone to typos, sending messages to the wrong person or firing off thoughts they may later regret, there’s now some hope. Apple has delivered on two of its most requested features: the ability to edit and unsend iMessages. This week, Apple released its latest operating system, iOS
Continue Reading By Brian Fung, CNN Business A federal appeals court on Friday upheld a controversial Texas law that restricts the ability of Facebook, Twitter and YouTube to moderate content on their platforms, setting up a potential Supreme Court showdown while also renewing uncertainties about how tech platforms may operate in the state in the future. The
Continue Reading By Michelle Toh and Yoonjung Seo, CNN Business Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. That’s why he grabbed his camera and joined a huge throng of shoppers clamoring for cheap fried chicken one August morning at Homeplus, a hypermarket chain that had
Continue Reading By Michelle Toh and Yoonjung Seo, CNN Business Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. That’s why he grabbed his camera and joined a huge throng of shoppers clamoring for cheap fried chicken one August morning at Homeplus, a hypermarket chain that had
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