Inflation drives food prices up ahead of Super Bowl LVII
Super Bowl revelers are likely to pay more for their favorite party foods this year as inflation continues to squeeze budgets.
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Super Bowl revelers are likely to pay more for their favorite party foods this year as inflation continues to squeeze budgets.
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By Ramishah Maruf, CNN The Consumer Product Safety Commission reiterated its warning about the hazards of some popular Baby Trend-brand strollers Friday, which led to the death of a toddler and injury of another. On Thursday, the CPSC and Baby Trend warned consumers about a head or neck entrapment risk on the Sit N’ Stand
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By Alicia Wallace, CNN December consumer prices rose from the month before and did not fall as previously thought, according to revised data from the Bureau of Labor Statistics released Friday. The newly calibrated Consumer Price Index shows that prices rose 0.1% on a seasonally adjusted basis in December from November versus a previously estimated
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By Elle Reeve and Samantha Guff, CNN Sitting across from Jimmy Fallon on “The Tonight Show,” Paris Hilton, wearing a sparkling neon green turtleneck dress and a high ponytail, looked at a picture of a glum cartoon ape and said it “reminds me of me.” The audience laughed. It did not look like her at
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By Alayna Treene and Donie O’Sullivan, CNN A Jewish lawmaker who spoke about the problem of antisemitism on Twitter during a House Oversight hearing this week focused on the company was later bombarded with antisemitic messages on the platform, he explained in a letter to new owner Elon Musk on Thursday. “What happened on Twitter
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By Alayna Treene and Donie O’Sullivan, CNN A Jewish lawmaker who spoke about the problem of antisemitism on Twitter during a House Oversight hearing this week focused on the company was later bombarded with antisemitic messages on the platform, he explained in a letter to new owner Elon Musk on Thursday. “What happened on Twitter
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By Parija Kavilanz, CNN When you’re the last lone surviving store in any industry, you’ve earned the right to have fun and hype it up. That’s exactly what the only remaining store of the Blockbuster video rental chain is doing, and it’s during the Super Bowl. And it helps if you still have a VCR,
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By Oliver Darcy and Betsy Klein, CNN The White House says President Joe Biden will not sit down for an interview with Fox before the Super Bowl, ending a strange back and forth between the Biden administration and the television network with which it frequently spars. Earlier Friday, White House Press Secretary Karine Jean-Pierre said
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By Peter Valdes-Dapena, CNN Business For those who really don’t want a long term commitment but who may try out living with an electric vehicle, Hyundai is starting a car subscription service. Hyundai’s new Evolve+ program is designed for the “EV-curious,” or for those who only need a car temporarily, like “snowbirds” who move to
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By Paul R. La Monica, CNN With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. The American Gaming Association is predicting that more than 50 million people will bet about $16 billion on the National Football League championship game between the Kansas City Chiefs
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Story by Clare Duffy, CNN Graphics by Christopher Hickey, CNN More than half of Twitter’s top 1,000 advertisers in September were no longer spending on the platform in the first weeks of January, according to data provided to CNN by digital marketing analysis firm Pathmatics by Sensor Tower, in a striking sign of how far
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By Jessie Gretener and Olesya Dmitracova, CNN South Africa’s President Cyril Ramaphosa has declared a national state of disaster in response to the country’s drawn-out energy crisis, calling it “an existential threat” to Africa’s most developed economy. Setting out the government’s key objectives for the year in a state of the nation address Thursday, Ramaphosa
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By Alicia Wallace, CNN Easing inflation and a strong labor market are helping consumers feel better about the economy this month, according to a closely watched survey released Friday by the University of Michigan. The preliminary consumer sentiment index for February increased to 66.4 from 64.9 in January, the university reported Friday. That’s the best
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By Nicole Goodkind, CNN A Valentine’s Day surprise doesn’t usually include egg and gas prices, but the heart wants what the heart wants, and Wall Street is entranced by January’s Consumer Price Index. What’s happening: Investors will get some market direction clarity on Tuesday morning with the release of key inflation data. And though consumer
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By Brian Fung, CNN The Securities and Exchange Commission has reached a $30 million settlement with the cryptocurrency platform Kraken that will force it to unwind a program offering investment returns to US users who committed their digital assets to the company. That practice, known as “staking,” reflected an unregistered offer and sale of securities,
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By Brian Fung, CNN The Securities and Exchange Commission has reached a $30 million settlement with the cryptocurrency platform Kraken that will force it to unwind a program offering investment returns to US users who committed their digital assets to the company. That practice, known as “staking,” reflected an unregistered offer and sale of securities,
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By Jackie Wattles and Kristin Fisher, CNN SpaceX just attempted to ignite all 33 engines in a test fire of its gargantuan Super Heavy rocket booster. The trial marks the company’s first “static fire” test for what is expected to be the most powerful launch vehicle ever built. The Super Heavy booster started its engines
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By Jordan Valinsky, CNN Watching Super Bowl LVII in person will be cheaper than last year’s game, but it will still cost you thousands of dollars. StubHub said that the average price customers are paying for a ticket Thursday was $6,800. The cheapest seats to Sunday’s match up between the Philadelphia Eagles and Kansas City
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By Nicole Goodkind, CNN Companies have been eager to please Wall Street in what has so far been a lackluster earnings season by repurchasing shares and boosting dividends for shareholders. What’s happening: Buyback announcements reached a new record of $1.22 trillion last year, and they’re already on track to beat that high in 2023. Companies
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By Jordan Valinsky, CNN Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. The company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion euro) in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. Adidas ended its nine-year partnership with the rapper last
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