Greg Wallace, Paul P. Murphy, and Carol Alvarado, CNN Snow, rain, ice, wind and frigid temperatures are disrupting air travel plans across the United States as well as bus and Amtrak passenger train service. Airlines canceled more than 2,400 US flights by 9 p.m. ET Thursday and proactively canceled more than 2,200 flights for Friday,
Continue Reading By Matt McFarland, CNN A driver told authorities that their Tesla’s “full-self-driving” software braked unexpectedly and triggered an eight-car pileup in the San Francisco Bay Area last month that led to nine people being treated for minor injuries including one juvenile who was hospitalized, according to a California Highway Patrol traffic crash report. CNN Business
Continue Reading By Clare Duffy, CNN Twitter has been hit with allegations from 100 former employees affected by mass layoffs at the company, including that it unfairly laid off more women than men, terminated employees who were actively on medical or parental leave and reneged on promises related to severance pay. The allegations were included as part
Continue Reading By Jeanne Sahadi, Katie Lobosco and David Goldman, CNN It will take time for lawmakers and the public to digest the trove of documents relating to former President Donald Trump’s tax returns released Tuesday night by the House Ways and Means Committee. Trump repeatedly defied convention and refused to release his tax returns both as
Continue Reading By Jordan Valinsky, CNN Business Even Santa’s fictional house is going up in price. Zillow said Kris Kringle’s 3-bedroom, 2-bathroom North Pole property is now worth $1,154,137 — an increase of 12% over the past year. The home has soared in 77% in value compared to when Zillow first “listed” it six years ago, with
Continue Reading By Jordan Valinsky, CNN Business Walmart said it has reached settlement agreements with all 50 US states as part of a $3.1 billion nationwide opioid settlement announced last month. In November, the retailer announced a settlement from multiple states’ attorneys general that accused the company of failing to regulate opioid prescriptions contributing to the nationwide
Continue Reading By Paul R. La Monica, CNN Here comes the Santa Claus market rally. Stocks surged Wednesday as investors cheered healthy results from two of America’s leading companies and a surprisingly strong reading on consumer sentiment. The Dow finished with a gain of more than 525 points, or 1.6%, after FedEx and Dow component Nike each
Continue Reading By Alicia Wallace, CNN American consumers’ confidence in the US economy grew in December as high inflation continued to ease, according to data released Wednesday by the Conference Board. The business think tank’s latest consumer confidence index registered 108.3 this month, a significant jump from the upwardly revised measure of 101.4 in November. Economists were
Continue Reading By Anna Bahney, CNN Business Home sales in the United States declined for the 10th month in a row in November as surging mortgage rates topped 7% and stubbornly high prices kept buyers out of the market. Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were down 35.4% in
Continue Reading By Kara Scannell, Patrick Oppmann and Allison Morrow, CNN Sam Bankman-Fried will be extradited to the United States Wednesday night, Bahamas Attorney General Sen. Ryan Pinder confirmed. Bankman-Fried will be extradited after the Foreign Minister of the Bahamas signed a warrant of surrender allowing his extradition to the United States, the Ministry of Foreign Affairs
Continue Reading By Jeanne Sahadi, Katie Lobosco and David Goldman, CNN It will take time for lawmakers and the public to digest the trove of documents relating to former President Donald Trump’s tax returns released Tuesday night by the House Ways and Means Committee. Trump repeatedly defied convention and refused to release his tax returns both as
Continue Reading By Jeanne Sahadi, Katie Lobosco and David Goldman, CNN It will take time for lawmakers and the public to digest the trove of documents relating to former President Donald Trump’s tax returns released Tuesday night by the House Ways and Means Committee. Trump repeatedly defied convention and refused to release his tax returns both as
Continue Reading By Matt Egan, CNN The Federal Reserve’s super-sized interest rates are not scaring most companies into cutting back on spending, according to a survey released on Wednesday. About two-thirds of chief financial officers say the current level of interest rates have not impacted their spending plans, according to the CFO Survey conducted by Duke University
Continue Reading By Anna Cooban, CNN The United Kingdom is one step closer to conducting its first ever satellite launch from its own shores. The UK Civil Aviation Authority (CAA), a regulatory body, said on Wednesday that it had granted the final licenses to Virgin Orbit to carry out the launch. Virgin Orbit, a US subsidiary of
Continue Reading By Anna Cooban, CNN The United Kingdom is one step closer to conducting its first ever satellite launch from its own shores. The UK Civil Aviation Authority (CAA), a regulatory body, said on Wednesday that it had granted the final licenses to Virgin Orbit to carry out the launch. Virgin Orbit, a US subsidiary of
Continue Reading By Nicole Goodkind, CNN Wall Street just received a big lump of Christmas coal. A surprise announcement from the Bank of Japan sent investors spinning and global markets reeling on Tuesday. The country’s central bank signaled that it would reverse two decades of policy precedent and begin to move away from loose monetary policy intended
Continue Reading By Laura He, CNN Xiaomi, one of the world’s largest smartphone makers, has begun layoffs in China at a time when the world’s second largest economy is grappling with an enormous unemployment crisis. The Chinese company’s decision to slash jobs comes soon after tech giants across the world, including Meta and Twitter, have laid off
Continue Reading By Laura He, Jennie Chen and Eric Cheung, CNN An unprecedented wave of Covid infections in China has triggered widespread drug shortages, as people scramble to buy fever medicines and painkillers to alleviate flu-like symptoms. The panic buying has spread outside mainland China’s borders, with the generic versions of Tylenol and Advil sold out at
Continue Reading By Jessie Yeung and Cheng Cheng, CNN Just weeks ago, catching Covid in China meant being taken to government quarantine for an indeterminate stay and your entire residential building being locked down, trapping neighbors in their homes for days or weeks. Now, as the country rapidly relaxes restrictions, millions of people have been told to
Continue Reading By Diksha Madhok A photo gallery by Argentine footballer Lionel Messi has become the most-liked Instagram post ever. The images, which show Messi and other Argentina players celebrating their 2022 World Cup win, have racked up over 67 million likes on the social media platform within hours of being posted. Mark Zuckerberg, CEO of Meta,
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