By Brian Fung, CNN President Joe Biden called on members of Congress Wednesday to set aside partisan differences and pass groundbreaking legislation to rein in Big Tech, focusing on digital privacy, antitrust and the industry’s liability shield, Section 230 of the Communications Decency Act. In a Wall Street Journal op-ed, Biden said that despite making
Continue Reading By Catherine Thorbecke, CNN Workers at Apple’s first unionized retail store began collectively bargaining with management on Wednesday, in a milestone moment not only for the iPhone company but for all of Big Tech. Apple store workers in Towson, Maryland, who made history in June by voting to form the first union at one of
Continue Reading By Paul R. La Monica, CNN Netflix had the kind of year in 2022 that only the ghoulishly morbid Wednesday Addams would love. But, now, in part due to a sagging dollar, the picture is getting brighter. Netflix shares plunged more than 50% last year due to concerns about streaming subscription fatigue, increased competition from
Continue Reading By Vanessa Yurkevich, CNN Jerome Yankey said he used to pull all-nighters when he was in college — not studying or partying, but scrolling on TikTok until the sun came up. “I saw me not putting the effort into my own life, rather just trying to live vicariously through what I’m seeing,” said 23-year old
Continue Reading By Brian Fung and Christopher Hickey, CNN More than half of all US states have partially or fully banned TikTok from government devices, according to a CNN analysis, reflecting a wave of recent clampdowns by governors and state agencies targeting the short-form video app. The accelerating backlash by states against TikTok, which has at least
Continue Reading By Allison Morrow, CNN FTX officials overseeing its bankruptcy have recovered more than $5 billion in cash and other liquid assets that may be used to help repay creditors, a lawyer for the failed crypto firm said during a bankruptcy court hearing Wednesday. That disclosure significantly raises the estimated amount of funds FTX claims to
Continue Reading By Julia Horowitz, CNN Business executives, politicians and academics are bracing for a gloomy world battered by intersecting crises, as rising volatility and depleted resilience boost the odds of painful simultaneous shocks. In its annual survey of risks published Wednesday, the World Economic Forum found that more than 80% of respondents expected either “persistent crises”
Continue Reading By Jordan Valinsky, CNN Business Netflix will air a live awards show for the first time, marking the streamer’s latest expansion into live programming and further cementing its influence in Hollywood. Beginning in 2024, the Screen Actors Guild Awards will be live-streamed globally on Netflix as part of a new, multi-year partnership. The awards show
Continue Reading By Chris Isidore, CNN Business A critical Federal Aviation Administration computer system that experienced an outage Wednesday and briefly halted all US flights provides airlines with a digital bulletin board of crucial safety updates. The system is known as the Notice to Air Missions or NOTAM. It send alerts to pilots to let them know
Continue Reading By Anna Cooban, CNN Gold is shining once again, as investors bet that cooling inflation in the United States will slow the pace of Fed rate hikes and make the precious metal more attractive. Gold futures were at an eight-month high, climbing 14% since late November to hit $1,882 per ounce on Wednesday. Investors tend
Continue Reading By Chris Isidore, CNN Business A critical Federal Aviation Administration computer system that experienced an outage Wednesday and briefly halted all US flights provides airlines with a digital bulletin board of crucial safety updates. The system is known as the Notice to Air Missions or NOTAM. It send alerts to pilots to let them know
Continue Reading By Chris Isidore, CNN Naniaka Camara grew up near Montefiore Hospital in the Bronx in New York and remembers going there for her own medical care. A Montefiore nurse for the past three years, she still lives only minutes from the hospital and often knows the patients from her neighborhood she cares for. She loves
Continue Reading By Jordan Valinsky, CNN Business Pepsi is reaching for the stars in its latest effort to take on Sprite. Starry, a new lemon-lime soda, is rolling out to grocery and convenience stores this week. It’s replacing Sierra Mist, a 24-year-old brand that has failed to gain traction against market leader Sprite, which is owned by
Continue Reading By Brian Fung, CNN After years of hearings, reports and stalled proposals, Congress ended 2022 without taking major steps to regulate Big Tech. But a few blocks away in Washington, Jonathan Kanter is just getting warmed up. While the Justice Department’s top antitrust official has yet to file fresh lawsuits against any of the country’s
Continue Reading By Nicole Goodkind, CNN Investors are holding their breath in anticipation of Thursday morning’s Consumer Price Index inflation report — arguably the most important piece of economic data so far this year. There’s a lot riding on the outcome — if inflation keeps falling, that could support a market rally, while higher-than-expected inflation could send
Continue Reading By Junko Ogura and Michelle Toh, CNN Japan has culled just under 10 million birds as it confronts a massive outbreak of avian flu, which is threatening to put further strain on poultry supply and increase the price of eggs. In a statement Tuesday, the agriculture ministry said 9.98 million animals had been killed this
Continue Reading By Rob McLean, CNN Four days after her disgraced father returned to WWE’s board, the wrestling company’s co-CEO and chairwoman Stephanie McMahon resigned from the company. “I cannot put into words how proud I am to have helped lead what I consider to be the greatest company in the world and I am confident WWE
Continue Reading By Michelle Toh, CNN Fast Retailing, the Japanese giant that owns popular clothing brands Uniqlo and Theory, will start paying its employees much more this year. The company announced Wednesday that it would boost salaries in Japan by up to 40%, acknowledging that “remuneration levels have remained low” in the country in recent years. “This
Continue Reading By Oliver Darcy, CNN C-SPAN isn’t packing up its cameras quietly. The public affairs network on Tuesday sent a letter to new House Speaker Kevin McCarthy asking for permission to operate its own independent cameras in the House chamber. “Allow C-SPAN to cover House floor proceedings on behalf of our network and all Congressionally-accredited news
Continue Reading By Oliver Darcy, CNN C-SPAN isn’t packing up its cameras quietly. The public affairs network on Tuesday sent a letter to new House Speaker Kevin McCarthy asking for permission to operate its own independent cameras in the House chamber. “Allow C-SPAN to cover House floor proceedings on behalf of our network and all Congressionally-accredited news
Continue Reading