By Oliver Darcy, CNN Business The Washington Post on Tuesday became the latest media company to conduct layoffs, cutting 20 roles in a move that publisher Fred Ryan had indicated last month the newspaper would take in early 2023. Sally Buzbee, executive editor of The Post, described the decision to cut the jobs as “difficult”
Continue Reading By Nicole Goodkind, CNN The New York Stock Exchange experienced a technical issue Tuesday morning that led to a brief trading halt for dozens of major companies just after the market opened. As a result of the issue, some trades that occurred before the halt will be made “null and void,” according to an exchange
Continue Reading By Danielle Wiener-Bronner, CNN In the past, Oreo has partnered with Lady Gaga, Pokémon and Ritz on new limited-time flavors. Now, it’s working with … itself. And Martha Stewart. The cookie brand’s latest limited-edition cookie is an Oreo stuffed with Oreos. Dubbed “the Most OREO OREO,” the cookie is made with the usual chocolate wafers,
Continue Reading By Nathaniel Meyersohn, CNN Amazon is expanding its push into healthcare with a $5 monthly unlimited delivery pass on 60 common generic prescription drugs treating allergies, inflammation, high blood pressure and other conditions. Amazon announced the new delivery service, RXPass, on Tuesday and it will launch immediately in most states except California, Texas, Minnesota and
Continue Reading By Chris Isidore, CNN Business America’s largest banks announced plans Tuesday for an electronic wallet that will take aim at Apple Pay and PayPal. The banks are working with Early Warning Services, the company that runs their Zelle electronic payment service. The new electronic wallet, which will operate separately from Zelle, would allow people to
Continue Reading By Hanna Ziady, CNN Business activity across the 20 countries that use the euro expanded in January for the first time in six months, according to data published Tuesday, providing fresh evidence that Europe’s economy could confound expectations and dodge a recession this year. An initial reading of the eurozone’s Purchasing Managers’ Index, which tracks
Continue Reading By Nicole Goodkind, CNN Big Tech earnings are here, and investors are hoping they don’t wreck the good vibes on Wall Street. Markets are coming off of one of their worst years in history, but have been positive in the first few weeks of 2023. Three giant tech earnings reports this week — Microsoft, Tesla
Continue Reading By Parija Kavilanz and Samantha Murphy Kelly, CNN Lawmakers grilled a top executive from Ticketmaster’s parent company after the service’s inability to process orders for Taylor Swift’s upcoming tour left millions of fans unable to buy tickets or without their ticket even after purchase. Joe Berchtold, the president and CFO of Ticketmaster parent company Live
Continue Reading By Michelle Toh and CNN’s Beijing bureau Millions of players in China have lost access to the iconic “World of Warcraft” franchise and other popular video games, as Blizzard Entertainment’s servers in the country went offline after two decades. The company’s services in China were suspended at midnight local time on Tuesday, marking the end
Continue Reading By Allison Morrow, CNN Reporters often joke that journalists are going to the “dark side” when they go into PR. After reading about Geoff Morrell, a hero I didn’t know I needed, I understand the temptation. Here’s the deal: A regulatory filing from Disney last week, first reported by the Wall Street Journal, has put
Continue Reading By Allison Morrow, CNN Reporters often joke that journalists are going to the “dark side” when they go into PR. After reading about Geoff Morrell, a hero I didn’t know I needed, I understand the temptation. Here’s the deal: A regulatory filing from Disney last week, first reported by the Wall Street Journal, has put
Continue Reading By Lauren Kent and Amy Cassidy, CNN The Crown Estate, a British commercial property portfolio historically belonging to the monarch, began court proceedings against Twitter over the tech giant’s alleged non-payment of rent in its London offices, a spokesperson of the property business told CNN on Monday. The Crown Estate is run by an independent
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COLUMBIA, Mo. (KMIZ) Tax season kicked off Monday and experts are warning taxpayers that their tax refunds may look smaller this year as COVID-19 tax breaks end. Kathy Pickering, chief tax officer for H&R Block, said most temporary COVID-19 relief measures have expired, including the expanded earned-income tax credit, child-tax credit, dependent-care credit and some
Continue Reading By Ramishah Maruf, CNN Citing “rising crime and vagrancy,” Chase Bank has shuttered 24-hour access to some of its New York ATMs. Select ATM vestibules are closing at 5 pm or 6 pm, aligning more closely with normal branch hours, the bank tweeted in response to a complaint last week. A JPMorgan Chase spokesperson said
Continue Reading By Chris Isidore, CNN Few top executives have ever failed in a job so quickly — or so lucratively — as Geoff Morrell. He became Disney’s chief corporate affairs officer January 24, 2022, and the company promptly announced Morrell’s departure in late April. Morrell made about $150,000 a day for that quick stint in charge
Continue Reading By Julia Horowitz and Mia Alberti, CNN The two biggest economies in South America are starting talks to create a common currency. Analysts are skeptical. Brazil’s President Luiz Inacio “Lula” da Silva and Argentina’s President Alberto Fernández wrote in a joint piece published in Argentinian paper Perfil Sunday that they wanted to foster greater integration
Continue Reading By Chloe Melas, CNN The Washington Post is not for sale, spokespeople for the newspaper and its owner Jeff Bezos told CNN on Monday. They denied a New York Post report, which cited unnamed sources, suggesting the billionaire could shed the newspaper to help fund a potential purchase of the Washington Commanders NFL team. Bezos
Continue Reading By Danielle Wiener-Bronner, CNN After causing outrage by making over the Green M&M and launching a special bag featuring its new Purple character in honor of International Women’s Day, M&M’S says it is taking a step back from its candy reps — sort of. “In the last year, we’ve made some changes to our beloved
Continue Reading By Danielle Wiener-Bronner, CNN Over the past year, M&M’s has been the subject of Fox News tirades and criticism from a small segment of fans — first for changing the Green M&M’s footwear and more recently featuring female M&M characters on its packaging for International Women’s Day. So this week it announced a change: Following
Continue Reading By Matt McFarland, CNN Business Tesla CEO Elon Musk took the witness stand for a second day on Monday and attempted to explain the thought process behind his controversial “funding secured” tweet from 2018, pushing back at the idea that it was partly a joke. Musk, Tesla and company directors are facing a shareholder lawsuit
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