By Nathaniel Meyersohn, CNN The sports gambling gold rush is coming at a high cost. In 2018, the Supreme Court struck down a federal ban on commercial sports betting in most of the country. Thirty-three states have made sports gambling legal in the wake of the decision. Now, on Super Bowl Sunday, a record 50.4
Continue Reading By Julia Horowitz, CNN When US President Joe Biden signed the Inflation Reduction Act into law, he enacted the biggest climate investment in American history — a landmark moment for a nation that pumps more carbon into the atmosphere than any country bar China. “Our Department of Energy estimates that the new law will reduce
Continue Reading By Anna Cooban and Radina Gigova, CNN Russia will cut crude oil production by half a million barrels per day starting in March, a little over two months after the world’s major economies imposed a price cap on the country’s seaborne exports. “We will not sell oil to those who directly or indirectly adhere to
Continue Reading By Olesya Dmitracova and Rob North, CNN The UK economy flatlined in the last quarter of 2022, meaning that it just managed to avoid falling into a recession. But the outlook for this year is much worse. Gross domestic product (GDP) had fallen 0.2% in the July-September quarter, and two consecutive quarters of contraction would
Continue Reading By Danielle Wiener-Bronner, CNN Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning singer RosalÃa. As with its other high-concept flavors, Coca-Cola isn’t sharing what Move is actually supposed to taste like. Like Starlight, Byte and Dreamworld before it, Move doesn’t have a traditional flavor, such as cherry. Instead, the
Continue Reading By Danielle Wiener-Bronner, CNN Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning singer RosalÃa. As with its other high-concept flavors, Coca-Cola isn’t sharing what Move is actually supposed to taste like. Like Starlight, Byte and Dreamworld before it, Move doesn’t have a traditional flavor, such as cherry. Instead, the
Continue Reading By Yoonjung Seo and Michelle Toh, CNN HYBE, the management agency behind superstar boy band BTS, will become the biggest shareholder of its K-pop rival, SM Entertainment. The move strengthens HYBE’s dominance in South Korea’s music industry, where it is already the biggest player, even as it seeks to expand abroad. The South Korean entertainment
Continue Reading By Oliver Darcy, CNN President Joe Biden has not yet committed to a pre-Super Bowl interview with Fox News, a person at the channel familiar with the matter said, a move that suggests the Democrat may buck the tradition of granting the network broadcasting the big game an interview. “We don’t have a formal no,
Continue Reading 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
Continue Reading By Catherine Thorbecke, CNN Yahoo said Thursday that it will cut 20% of its total workforce by the end of this year as it restructures its advertising unit, just the latest example of the layoffs spreading throughout the tech and media industries. A Yahoo spokesperson told CNN that the company’s legacy ad tech division, Yahoo
Continue Reading By Brian Fung, CNN For years, Twitter, like other social media platforms, has freely given its platform data to independent researchers so that they can analyze everything from online trolling to the spread of misinformation. Those studies have been critical to understanding the tactics used by scammers, foreign influence campaigns and other malicious actors trying
Continue Reading By Anna Bahney, CNN Super Bowl weekend is the unofficial kick-off to the peak spring home buying and selling season, according to many real estate agents. Are you ready? If you’re feeling unsure and confused, you’re not alone. The US housing market is giving off mixed signals: Home prices are falling, but they’re also rising.
Continue Reading By Donie O’Sullivan, CNN Donald Trump’s Facebook and Instagram accounts were restored on Thursday, allowing the former president to once again post on the social media platforms, a Meta spokesperson confirmed to CNN. As of Thursday afternoon, Trump had not yet resumed posting on the accounts. Trump’s reinstatement comes weeks after Facebook’s landmark announcement that
Continue Reading By Chris Isidore, Aditi Sangal and Gregory Wallace, CNN Southwest’s December meltdown was front and center at a Senate Commerce Committee hearing Thursday, but there was little sign that members of Congress were in agreement on steps to take to make sure it wouldn’t happen again. Southwest’s CEO Bob Jordan did not attend, despite an
Continue Reading By Anna Bahney, CNN Even as rents are cooling in some parts of the country, it has never cost more to rent a Manhattan apartment during the month of January as it did last month. January is normally a slow month for housing, but median rent last month was the highest of any January on
Continue Reading By Anna Bahney, CNN Mortgage rates rose this week after four weeks of declines, as a stronger-than-expected jobs report suggested the Federal Reserve would continue hiking its benchmark lending rate in its battle against inflation. The 30-year fixed-rate mortgage averaged 6.12% in the week ending February 9, up from 6.09% the week before, according to
Continue Reading By Jordan Valinsky, CNN Chick-fil-A’s newest sandwich ditches chicken for … cauliflower. The aptly named “Chick-fil-A Cauliflower Sandwich” is being tested in three cities beginning next week, marking the chicken chain’s first-ever plant-based sandwich. Imitating the chain’s signature fried chicken sandwiches, the new offering uses a “tender filet cut” of cauliflower that’s marinated and breaded
Continue Reading By Kate Trafecante, CNN In Bob we trust, Wall Street said Thursday. After reporting a multibillion cost-cutting initiative that sent Disney shares surging, CEO Bob Iger gained a key battle against activist shareholder Nelson Peltz. Peltz, who demanded changes at Disney and a seat on the company’s board, declared defeat after Iger announced many of
Continue Reading By Kara Scannell, CNN A federal judge extended restrictions on Sam Bankman-Fried’s ability to contact former employees of FTX, citing concerns that he could delete text messages and obstruct the government’s investigation. Judge Lewis Kaplan said in a bail hearing Thursday that he was concerned about the delete functions in certain messaging apps, and that
Continue Reading By Vanessa Yurkevich, CNN The world of Harry Potter is getting new life. Hogwarts Legacy — the new open-world video game by Avalanche and Warner Bros. Discovery, CNN’s parent company, will be released Friday, to much anticipation. The single-player game has been five years in the making — experts put its budget at $150 million.
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