By Anna Cooban, CNN Business Brits are bracing for another huge hike in their energy bills, and pressure is mounting on the UK government to impose a windfall tax on big suppliers to offset some of the pain. The head of Ofgem, the United Kingdom’s energy regulator, said on Tuesday that annual bills for millions
Continue Reading
By Brian Fung, CNN Key parts of a Florida law restricting social media platforms’ ability to moderate content likely violate the First Amendment, a federal appeals court ruled Monday, in a victory for the tech industry amid a wider battle over digital speech. The opinion by a three-judge panel in the Eleventh Circuit Court of
Continue Reading By Brian Fung, CNN Key parts of a Florida law restricting social media platforms’ ability to moderate content likely violate the First Amendment, a federal appeals court ruled Monday, in a victory for the tech industry amid a wider battle over digital speech. The opinion by a three-judge panel in the Eleventh Circuit Court of
Continue Reading
Opinion by Mark Wolfe for CNN Business Perspectives In March, the US Department of Commerce opened an investigation to determine if four countries that supply the US with solar panels — Cambodia, Malaysia, Thailand and Vietnam — have been using components made in China that should be subject to US tariffs. If the Commerce Department
Continue Reading
By Allison Morrow, CNN Business One of the many buzzwords percolating around Davos this week is “fragmentation,” the force economists there warned could have “devastating human consequences.” By “fragmentation,” they are referring to a breakdown of the kind of free-wheeling, border-crossing trade and investment that’s defined the global economic order over the past three decades.
Continue Reading
By Rachel Metz, CNN Business Cher Scarlett, a software engineer, has a history of being misidentified by face-scanning technology, including one instance that may have surfaced a distant ancestor in a photo. So when she was introduced to an online facial-recognition tool she hadn’t heard of, she wanted to see whether it would mistake photos
Continue Reading By Rachel Metz, CNN Business Cher Scarlett, a software engineer, has a history of being misidentified by face-scanning technology, including one instance that may have surfaced a distant ancestor in a photo. So when she was introduced to an online facial-recognition tool she hadn’t heard of, she wanted to see whether it would mistake photos
Continue Reading
By Rachel Metz, CNN Business Since launching in five US cities in 2007, Google’s Street View cars have been circling the globe, using roof-mounted cameras to map more than 10 million miles of imagery — pictures that have been stitched together to build a visual map of much of the world. Yet while these cameras
Continue Reading By Rachel Metz, CNN Business Since launching in five US cities in 2007, Google’s Street View cars have been circling the globe, using roof-mounted cameras to map more than 10 million miles of imagery — pictures that have been stitched together to build a visual map of much of the world. Yet while these cameras
Continue Reading
By Michelle Toh, CNN Business Samsung on Tuesday outlined a plan to pour more than $350 billion into its businesses and create tens of thousands of new jobs over the next five years. Despite an uncertain economic environment exacerbated by long-running supply chain issues and the war in Ukraine, the South Korean conglomerate said that
Continue Reading By Michelle Toh, CNN Business Samsung on Tuesday outlined a plan to pour more than $350 billion into its businesses and create tens of thousands of new jobs over the next five years. Despite an uncertain economic environment exacerbated by long-running supply chain issues and the war in Ukraine, the South Korean conglomerate said that
Continue Reading
By Reuters Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off. Since late April, “the macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we will report revenue
Continue Reading By Anna Cooban, CNN Business Brits are bracing for another huge hike in their energy bills, and pressure is mounting on the UK government to impose a windfall tax on big suppliers to offset some of the pain. The head of Ofgem, the United Kingdom’s energy regulator, said on Tuesday that annual bills for millions
Continue Reading
Experts are sounding alarms that the U.S. economy and perhaps much of the globe could be headed toward a recession.
Continue Reading
By Sahar Akbarzai and Michelle Toh, CNN Business Airbnb will shut down its listings in China after two years of lockdowns in the country “with no end in sight,” according to a source familiar with the matter. The home-sharing company made the decision over a decline in business in the world’s second largest economy, and
Continue Reading
In just a few weeks, Art in the Park will return for the first time since before the pandemic. In July, Columbia hosts the Show-Me State Games followed by other sporting events and festivals like Summerfest.
Continue Reading
By Rishi Iyengar, CNN Business Some workers at Activision Blizzard have officially unionized, marking the company’s first union and the video game industry’s most high-profile successful organizing effort. A group of quality assurance employees at Raven Software, a gaming studio owned by Activision Blizzard that works on the company’s popular “Call of Duty” game series,
Continue Reading By Allison Morrow, CNN Business One of the many buzzwords percolating around Davos this week is “fragmentation,” the force economists there warned could have “devastating human consequences.” By “fragmentation,” they are referring to a breakdown of the kind of free-wheeling, border-crossing trade and investment that’s defined the global economic order over the past three decades.
Continue Reading
By Alicia Wallace, CNN Business Things were looking up for most Americans at the end of last year, with many households reporting their financial situation was better than at any other time since 2013. Nearly 7 out of 10 Americans surveyed by the Federal Reserve said they had the cash or cash equivalents on hand
Continue Reading
By Jackie Wattles, CNN Business Boeing managed to dock a spacecraft at the International Space Station late last week, but it was not without several minor hangups. The mission kicked off Thursday evening with a Florida launch, and the Starliner — which is designed to carry astronauts but is flying without people for this test
Continue Reading