By Jordan Valinsky, CNN Business Taco Bell’s highly anticipated Mexican Pizza finally returns to menus Thursday following a roughly two-year hiatus. The beloved menu item was eliminated in November 2020 as part of a broader culling of Taco Bell’s menu during the height of the pandemic. That helped Taco Bell shed complexities and costs. But
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By Chris Isidore, CNN Business How do you regulate a man worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don’t. Elon Musk has once again proven he’ll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on hold.
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By Laura He, CNN Business Asian markets mostly closed lower on Thursday and European indexes slid in early trade following a rough day on Wall Street. Hong Kong’s Hang Seng tumbled 2.5%, leading losses in the region. Japan’s Nikkei also dropped nearly 2%. China’s Shanghai Composite Index fell as much as 1.4% before reversing in
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By Esha Mitra, CNN India’s top court on Wednesday granted the release of a man convicted of killing former Indian Prime Minister Rajiv Gandhi, 31 years after his imprisonment. The Supreme Court invoked extraordinary powers to release A. G. Perarivalan, his attorney told CNN. Perarivalan was arrested a few weeks after Gandhi was assassinated in
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By Jackie Wattles, CNN Business Boeing is the world’s largest aerospace company, a primary US defense contractor, and a titan of a global aviation duopoly. A few years ago, the idea that it would dominate commercial space was a given, and companies like SpaceX, a relatively young business relying on a strategy of moving fast
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By Clare Duffy, CNN Business Elon Musk has faced questions from the US Securities and Exchange Commission about how and when he disclosed his large stake in Twitter last month, prior to agreeing to buy the social media company. On April 4, the same day that Musk initially revealed he had bought up a more
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By Paul R. La Monica, CNN Business The 2022 stock market meltdown may not be over just yet. Stocks fell again Thursday, following Wednesday’s massive sell-off. The Dow ended the day down more than 235 points, or 0.8%, recovering only slightly from a drop of nearly 475 points earlier in the session. The blue chips
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By Matt McFarland, CNN Business The S&P 500 index devoted to highlighting companies excelling at ESG, which stands for environmental, social and governance issues, has removed Tesla from the index, it explained in a blog post published on Tuesday. The move comes in the wake of allegations of racial discrimination and poor working conditions at
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By Brian Fung and Ariane de Vogue, CNN The Supreme Court should allow a sweeping Texas law to remain in effect that restricts the ability of Facebook, Twitter and YouTube to moderate their platforms, according to the state’s attorney general. In a filing to the Court on Wednesday, Texas argued that its law, HB 20,
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By Brian Fung, CNN Business New York Attorney General Letitia James is launching an investigation into the social media platforms allegedly used by the Buffalo shooting suspect. The probe, disclosed Wednesday by James’ office, focuses on the livestreaming platform Twitch, the messaging service Discord and the websites 4chan and 8chan (now known as 8kun). Other
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By Nicole Goodkind, CNN Business JP Morgan Chase investors on Tuesday voted down a multimillion-dollar payout for CEO Jamie Dimon. The pay proposal they rejected included a massive $52.6 million retention bonus as part of Dimon’s 2021 compensation package, just months after the bank’s board approved the incentive. With the bonus, Dimon’s total compensation was
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By Danielle Wiener-Bronner, CNN Business Wingstop wants to lower its food supply costs. So it’s considering raising its own chickens. Restaurant brands like Wingstop have struggled with their supply chains in recent years, as the Covid-19 pandemic, extreme weather and the war in Ukraine, among other factors, have tightened food supplies and sent prices soaring.
Continue Reading By Jackie Wattles, CNN Business Boeing is the world’s largest aerospace company, a primary US defense contractor, and a titan of a global aviation duopoly. A few years ago, the idea that it would dominate commercial space was a given, and companies like SpaceX, a relatively young business relying on a strategy of moving fast
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By Matt Egan, CNN Business Treasury Secretary Janet Yellen on Wednesday signaled US officials will likely end a carve-out in Western sanctions that has allowed Russia to continue make payments on its debt. Speaking at a press conference in Germany, Yellen said it is “reasonably likely” to expect the license will be allowed to expire
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By Matt Egan and Alicia Wallace, CNN Business US Treasury Secretary Janet Yellen on Wednesday criticized the Trump administration’s tariffs on China and voiced support for lifting some of the levies, in part to ease very high inflation pressuring the US economy. “Some of the tariffs that were imposed by President Trump in retaliation for
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By Clare Duffy and Sara O’Brien, CNN Business The mass shooting in Buffalo, New York, has put a spotlight on 4chan, a largely unmoderated site that has been the breeding ground for several tragedies and controversies over the years and appears to have played a role in inspiring Saturday’s attack. Despite the role it may
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By Brian Fung and Sara Ashley O’Brien, CNN Business New York Gov. Kathy Hochul announced a complaint on Wednesday against Amazon, alleging that the e-commerce giant has failed to provide reasonable accommodations to warehouse workers who are pregnant or with disabilities under state human rights law. The complaint, filed privately Wednesday by the state’s Division
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By Alicia Wallace, CNN Business Consumers could soon see even higher prices at some stores, after credit card giants Visa and Mastercard raised their “swipe fees” — generating an additional cost that some retailers could be forced to pass on to their customers. Last month, the two credit card companies raised some of their interchange
Continue Reading By Clare Duffy and Sara O’Brien, CNN Business The mass shooting in Buffalo, New York, has put a spotlight on 4chan, a largely unmoderated site that has been the breeding ground for several tragedies and controversies over the years and appears to have played a role in inspiring Saturday’s attack. Despite the role it may
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The board approved a resolution for a pre-annexation agreement with MO Lake Development, LLC.
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