By Jon Passantino Satellite radio giant SiriusXM is laying off 475 people, or about 8% of its workforce, as part of a broad restructuring. With the announcement Monday, SiriusXM becomes the latest media company to make painful cuts as advertisers tighten spending amid economic uncertainty. The layoffs at the radio company — home to the
Continue Reading By Nicole Goodkind, CNN CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the world last week in an unforgettable way. Their daughter, Grey Hunt Rivera, was born at home on Wednesday morning after just 13 minutes of sudden labor — before there was time
Continue Reading By Alicia Wallace, CNN The US economy may still be running fast and strong, but its risk of suddenly falling into a recession still looms large, despite the Federal Reserve’s efforts, former Treasury Secretary Larry Summers warned Monday. Summers told CNN’s Poppy Harlow in an interview that he expects the Fed will have to raise
Continue Reading By Alicia Wallace, CNN US consumers kept spending last year despite historically high inflation, not only shelling out for necessities but also splurging on restaurants, travel and other experiences impeded by the pandemic. Economists had predicted spending would peter out as the months drew on, as savings diminished, high prices persisted, and the Federal Reserve
Continue Reading By Jordan Valinsky, CNN Hoda Kotb returned to co-anchoring NBC’s “Today” show following a two-week absence, explaining to viewers that her daughter had a health issue. At the top of Monday’s show, Kotb said her three-year-old daughter, Hope, was in the hospital for a “little more than a week,” including being in the ICU for
Continue Reading By Clare Duffy, CNN Bim Ali was early in her first pregnancy when billionaire Elon Musk agreed to buy Twitter, where she worked as a program manager on the Redbird core technologies team. During the months of intense uncertainty that followed, Ali stuck with the company, attempting to tune out the deluge of news about
Continue Reading By Clare Duffy, CNN Bim Ali was early in her first pregnancy when billionaire Elon Musk agreed to buy Twitter, where she worked as a program manager on the Redbird core technologies team. During the months of intense uncertainty that followed, Ali stuck with the company, attempting to tune out the deluge of news about
Continue Reading By Nicole Goodkind, CNN Recent headlines point to a slumping US housing market — as mortgage rates average near 7%, an increasing number of potential homebuyers are finding it difficult to finance homes. Mortgage applications fell in late February to a 28-year low, according to the Mortgage Bankers Association. But some of the country’s largest
Continue Reading By Michelle Toh, CNN Semiconductor giant TSMC plans to add more than 6,000 jobs this year, despite a broader slowdown in demand for chips. The world’s largest contract chipmaker is looking to recruit new engineers and production line operators across its home base of Taiwan — in the cities of Hsinchu, Taichung, Tainan and Kaohsiung
Continue Reading By Nicole Goodkind, CNN Business Federal Reserve policymakers will need to raise interest rates higher and keep them there longer to tackle the higher prices caused by sticky inflation, San Francisco Fed President Mary Daly said Saturday. “It’s clear there is more work to do,” Daly said in a speech at Princeton University. “In order
Continue Reading By Nicole Goodkind, CNN Business Thirty million dollars worth of Funko Pop! figures — those big-headed, vinyl pop-culture dolls — will soon make their way into the hands of a new collector: The garbage collector. Funko said in its fourth quarter earnings report that a combination of waning demand for the toys and a surplus
Continue Reading By Nicole Goodkind, CNN CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the world last week in an unforgettable way. Their daughter, Grey Hunt Rivera, was born at home on Wednesday morning after just 13 minutes of sudden labor — before there was time
Continue Reading By Nicole Goodkind, CNN Wall Street investors are gearing up for their version of Hell Week — a torrent of jobs data coming over the next few days could easily lead to volatile market swings. The unflinching resilience of the US labor market is one of — if not the — greatest source of tension
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COLUMBIA, Mo. (KMIZ) Data from the Department of Health and Senior Services shows there were $102.9 million in marijuana sales across Missouri in February. About 70% of that is from recreational sales, the rest was medical marijuana. Recreational marijuana sales started on Feb. 3. That first weekend, sales were over $8 million on just recreational
Continue Reading By Laura He, Simone McCarthy and Wayne Chang, CNN China has set an official economic growth target of “around 5%” for 2023, as it seeks to revive the world’s second-largest economy after a year of tepid growth because of pandemic measures. It will also expand its defense budget 7.2%, marking a slight increase over growth
Continue Reading By Ramishah Maruf, CNN Tesla is recalling 3,470 2022-2023 Model Y cars due to bolts in the second-row seat back frames not being secured properly. An estimated 4% of cars are affected, a recall report submitted in late February said. The loose bolts could cause the seat belts to not work properly in a crash,
Continue Reading By Kara Scannell, CNN The use of a flip phone, or some non-smartphone, is one of several restrictions that prosecutors and Sam Bankman-Fried’s attorneys are jointly asking the judge to approve. The lawyers have been working to satisfy concerns raised by Judge Lewis Kaplan, who said he could “conceivably” revoke Bankman-Fried’s bail after he found
Continue Reading By Chris Isidore, CNN Boeing CEO David Calhoun missed out on a $7 million bonus last year, but still got a raise. Boeing’s proxy filing Friday disclosed that when Calhoun started as CEO of Boeing in January of 2020, the board gave him a $7 million bonus package if he completed a list of goals
Continue Reading By Chris Isidore, CNN The nation’s major freight railroads have long desired to have only one crew member, a lone engineer, in the cab of their locomotives. And that desire hasn’t changed despite the derailment of a Norfolk Southern train on February 3 that released toxic chemicals into the air, water and soil of East
Continue Reading By Jordan Valinsky and Natasha Chen, CNN Disneyland has removed the “zip-a-dee-doo-dah” lyric played during its park parades because it comes from a movie that has been criticized for racist portrayals of Black Americans. The lyric initially appeared in the “Magic Happens” parade when it debuted in March 2020. The parade recently returned after a
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