By Krystal Hur, CNN There’s been a seismic shift in investor perspective: Bad news is no longer good news. For the past year, Wall Street has hoped for cool monthly economic data that would encourage the Federal Reserve to halt its aggressive pace of interest rate hikes to tame inflation. But at its March meeting
Continue Reading By Jeanne Sahadi, CNN As the economy slows, are employers starting to regain the upper hand in negotiations with employees and job seekers? Pay is always an issue, of course, but in the wake of the pandemic, so too is how much time employers want people to work on site versus how much they are
Continue Reading By Jessie Yeung, CNN Across the United States, more than 150 million people are being faced with the possibility of a new reality: life without TikTok. The wildly popular short-form video app has been at the center of an ongoing battle, with lawmakers calling for an outright ban, and the company portraying itself as a
Continue Reading By Ramishah Maruf, CNN Starbucks is betting big on olive oil infused coffee, hoping customers will be enticed by the anomaly and the health benefits of extra virgin olive oil. “It is one of the biggest launches we’ve had in decades,” Brady Brewer, Starbucks’ chief marketing officer, told CNN. Former CEO Howard Schultz added in
Continue Reading By Bryan Mena, CNN A surprise production cut announcement this week from Saudi Arabia and several other OPEC+ oil producers complicates the Federal Reserve’s mission to cool the economy and could worsen inflation in the United States, economists say. Energy prices across the globe surged last year when Russia invaded Ukraine, fueling global inflation just
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COLUMBIA, Mo. (KMIZ) The Columbia Police Department issued a statement on its social media on Friday that scammers are allegedly “spoofing” the department’s phone number. “Columbia Police have seen an increase in telephone scams where the caller identifies as one of our officers. The caller may indicate that you have a warrant or are at
Continue Reading By Ramishah Maruf, CNN World Wrestling Entertainment apologized Friday after using footage of Auschwitz, the infamous Nazi concentration and extermination camp, in a promotional spot for a hyped father-son match. On Twitter, the Auschwitz-Birkenau Memorial and Museum said it was hard to call it an “editing mistake.” “Exploiting the site that became a symbol of
Continue Reading By Chris Boyette and Brian Fung, CNN The State University System of Florida Board of Governors has banned the social media app TikTok, along with some other software, applications, and developers, from use on university-owned devices “due to the continued and increasing landscape of cyber threats.” In a memo sent to state university system presidents
Continue Reading Bryan Mena, CNN The latest monthly jobs report showed that US hiring slowed in March but remained robust, with gains in service-providing businesses like bars and restaurants, but weakness in construction and manufacturing. Leisure and hospitality fueled last month’s growth in payrolls, a trend that has held firm since the economy started its recovery from
Continue Reading By Alicia Wallace, CNN US employers added just 236,000 jobs in March, coming in below expectations and indicating that the labor market is cooling off amid the Federal Reserve’s yearlong rate-hiking campaign to chill inflation. The unemployment rate dropped to 3.5%, according to the March jobs report released Friday by the Bureau of Labor Statistics.
Continue Reading By Oliver Darcy, CNN It all started with a little curiosity. A team of ProPublica reporters earlier this year began looking into the travel of various Supreme Court justices, not entirely sure what they would find, if anything. But after a little digging, the trio of journalists stumbled upon something that piqued their interest. In
Continue Reading By Oliver Darcy, CNN It all started with a little curiosity. A team of ProPublica reporters earlier this year began looking into the travel of various Supreme Court justices, not entirely sure what they would find, if anything. But after a little digging, the trio of journalists stumbled upon something that piqued their interest. In
Continue Reading By Anna Cooban, CNN India’s government is planning to create a state fact-checking unit with the power to order social media platforms to take down content about its activities that it deems “fake or misleading.” In an amendment to rules covering digital and social media published Thursday, the Ministry of Electronics and Information Technology said
Continue Reading By Elle Reeve, CNN The question of whether Snoop Dogg deeply and sincerely liked some cartoon apes has become key in a federal lawsuit between the crypto empire Yuga Labs and the trollish artist Ryder Ripps. Yuga Labs v. Ripps is a fight over trademarks, but legal filings in the case are pulling back the
Continue Reading By Alicia Wallace, CNN US employers added just 236,000 jobs in March, coming in below expectations and indicating that the labor market is cooling off amid the Federal Reserve’s yearlong rate-hiking campaign to chill inflation. The unemployment rate dropped to 3.5%, according to the March jobs report released Friday by the Bureau of Labor Statistics.
Continue Reading By Oliver Darcy, Marshall Cohen and Liam Reilly, CNN Fox asked a judge in court filings made public Thursday to prohibit references to the January 6 insurrection at the U.S. Capitol, as well as threats directed at employees of Dominion Voting Systems, when the $1.6 billion defamation lawsuit it faces from the election technology company
Continue Reading By Chris Isidore, CNN Airbus announced plans Thursday for a second final-assembly line in China, the latest sign that it has a lock on the key aviation market over rival Boeing. The announcement came as part of a state visit by French President Emmanuel Macron to China. The signing of the agreement by Airbus CEO
Continue Reading By Julia Horowitz, CNN At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had feared. Positive developments included China’s reopening, signs of resilience in Europe and falling energy prices. But a crisis in the banking sector that emerged last month
Continue Reading By Nicole Goodkind, CNN The banking crisis caused by the recent collapse of Silicon Valley Bank and Signature Bank has increased the odds of a US recession, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow in an exclusive interview on Thursday. Speaking in his first interview since the failure of SVB, Dimon said that
Continue Reading By Nicole Goodkind, CNN The banking crisis caused by the recent collapse of Silicon Valley Bank and Signature Bank has increased the odds of a US recession, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow in an exclusive interview on Thursday. Speaking in his first interview since the failure of SVB, Dimon said that
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