by Brian Fung, CNN Business US cyber officials are tracking a major new ransomware attack by the same group that hit meat supplier JBS Foods this spring. This time, the REvil malware hit a wide range of IT management companies and compromised hundreds of their corporate clients. The cybercriminal gang, which is believed to operate
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Bill Cosby has been convicted of aggravated indecent assault. The entertainer’s career spans five decades and includes several iconic shows, but much of his legacy has been damaged.
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Bill Cosby has been convicted of aggravated indecent assault. The entertainer’s career spans five decades and includes several iconic shows, but much of his legacy has been damaged.
Continue Reading By Chauncey Alcorn, CNN Business Bill Cosby may be out of prison, but most major networks still aren’t showing reruns of “The Cosby Show.” Amazon Prime is the only major streaming service offering the 1980s sitcom for free to its subscribers. Amazon did not respond to multiple requests for comment about whether it will continue
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Gas prices are surging this holiday weekend due to a labor shortage with truck drivers. CNN’s Alison Kosik reports.
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By Matt Egan, CNN Business OPEC and its allies are mired in a stalemate. American drivers could pay the price. For the second straight day, OPEC+ surprised observers Friday by failing to reach an agreement on whether to add more barrels to an oil market screaming for more supply. The group said it will try
Continue Reading By Matt Egan, CNN Business OPEC and its allies are mired in a stalemate. American drivers could pay the price. For the second straight day, OPEC+ surprised observers Friday by failing to reach an agreement on whether to add more barrels to an oil market screaming for more supply. The group said it will try
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By Paul R. La Monica, CNN Business It’s lucky sevens for investors: The blue-chip S&P 500 index rose Friday to close at a record high for the seventh straight day following the strong jobs report. The last time the S&P 500 had this long a streak of all-time high closes was in June 1997, when
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By Anneken Tappe, CNN Business The US economy added 850,000 jobs in June, when adjusted for seasonal changes. It was far more than economists had expected and a signal that American job growth is accelerating. It was the biggest monthly jobs gain since August 2020, when the economy added 1.6 million jobs. The hospitality and
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By Anneken Tappe, CNN Business Friday’s jobs report was super strong. But don’t be fooled: America’s labor market problems — millions unemployed, worker shortages and worries about child care and health risks — will persist throughout the summer. Even though the US job market is rapidly improving, the economy is still far from back-to-normal. Employers
Continue Reading By Jackie Wattles, CNN Business Richard Branson, the British billionaire and entrepreneur, announced late Thursday that he would attempt to go to space on July 11, just nine days before the world’s richest man, Jeff Bezos, will make his own spaceflight. But even as he effectively cut ahead of Bezos, Branson dismissed the notion of
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By Jackie Wattles, CNN Business Richard Branson, the British billionaire and entrepreneur, announced late Thursday that he would attempt to go to space on July 11, just nine days before the world’s richest man, Jeff Bezos, will make his own spaceflight. But even as he effectively cut ahead of Bezos, Branson dismissed the notion of
Continue Reading By Brian Fung, CNN Business The Federal Trade Commission said Friday it has sued and settled with the technology giant Broadcom over allegations that the company sought to monopolize the supply of semiconductor chips. According to the complaint, Broadcom entered into exclusive anti-competitive deals with its business customers — including television and internet service providers
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By Brian Fung, CNN Business The Federal Trade Commission said Friday it has sued and settled with the technology giant Broadcom over allegations that the company sought to monopolize the supply of semiconductor chips. According to the complaint, Broadcom entered into exclusive anti-competitive deals with its business customers — including television and internet service providers
Continue Reading By Paul R. La Monica, CNN Business It’s lucky sevens for investors: The blue-chip S&P 500 index rose Friday to close at a record high for the seventh straight day following the strong jobs report. The last time the S&P 500 had this long a streak of all-time high closes was in June 1997, when
Continue Reading By Paul R. La Monica, CNN Business It’s lucky sevens for investors: The blue-chip S&P 500 index rose Friday to close at a record high for the seventh straight day following the strong jobs report. The last time the S&P 500 had this long a streak of all-time high closes was in June 1997, when
Continue Reading America’s labor market is still far from being back to normal – down 6.8 million jobs compared with February 2020. CNN’s Christine Romans reports.
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Ride-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian reports.
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Ride-hailer Didi raised $4.4 billion in the IPO, giving it a valuation of more than $67 billion. CNN’s Clare Sebastian reports.
Continue Reading By Moira Ritter, CNN Business Didi’s stock tumbled Friday after China’s Cyberspace Administration suspended the registration of new users from the company. The suspension comes just two days after China’s largest ride-hailing service, which forced Uber out of mainland China five years ago, went public on the NYSE in the biggest US share offering by
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