Boone County Sheriff’s Office warns about latest phone scam
The Boone County Sheriff’s Office is warning about the latest phone scam where scammers are posing as a deputy and attempting to steal the victim’s money.
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Ford just raised the price of its electric F-150 by up to $8,500
By Peter Valdes-Dapena, CNN Business Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But this time the base model of the pickup will cost about $7,000 more than before. When the Lightning first went on sale, the Pro version — the base model intended mostly as
Continue Reading The next frontier in the tech battle between the US and China
By Rishi Iyengar, CNN Business The technological arms race between the United States and China has cut across everything from smartphones and cellular equipment to social media and artificial intelligence. But a new battleground is emerging that goes a layer deeper: to the components that power our smartphones, computers, automobiles and home appliances. President Joe
Continue Reading The next frontier in the tech battle between the US and China
By Rishi Iyengar, CNN Business The technological arms race between the United States and China has cut across everything from smartphones and cellular equipment to social media and artificial intelligence. But a new battleground is emerging that goes a layer deeper: to the components that power our smartphones, computers, automobiles and home appliances. President Joe
Continue Reading Elon Musk cited this tool in his bot dispute with Twitter. Its creator has thoughts
By Clare Duffy, CNN Business Kaicheng Yang, a researcher at Indiana University’s Observatory on Social Media, received quite the surprise last week. Botometer, a tool he helped build to examine automated activity on Twitter, had been mentioned in court documents in the legal battle between Twitter and Elon Musk over their $44 billion acquisition deal.
Continue Reading Snapchat rolls out option to let parents see who their teens are messaging
By Samantha Murphy Kelly, CNN Business Snapchat on Tuesday introduced its first parental control center, nearly 10 months after an executive from the company told Congress it was developing tools aimed at helping parents keep their teens safe. The new tool, called Family Center, promises to give parents more insight into who their teenagers are
Continue Reading Coinbase may have a savior in BlackRock, but crypto concerns remain
By Paul R. La Monica, CNN Business Crypto brokerage Coinbase has been hit hard by the meltdown in bitcoin prices this year. The stock has plunged 65% so far in 2022. And the company’s latest earnings, due out after the closing bell Tuesday, are likely to be miserable. Wall Street is forecasting a more than
Continue Reading Opinion: Americans are fed up with billionaires. Washington needs to get the wealthy to pay up
Opinion by Sarah Anderson and Rebekah Entralgo for CNN Business Perspectives Imagine if America’s ultra-wealthy invested the financial gains they made during the pandemic in affordable housing, child care centers or any of our country’s other urgent human needs. As of May, US billionaires had seen their wealth rise by more than $1.7 trillion —
Continue Reading Liz Cheney buys time on Fox News to air viral ad featuring her father condemning Trump
By Oliver Darcy, CNN Business Fox News viewers will this week see former Vice President Dick Cheney look into the camera and excoriate former President Donald Trump as the greatest threat to the country “in our nation’s 246-year history.” That’s because Rep. Liz Cheney’s campaign has purchased a series of national ad spots on Fox
Continue Reading A third of Brits face poverty with energy bills set to hit $5,000
By Anna Cooban, CNN Business Nearly one third of households in the United Kingdom will face poverty this winter after paying energy bills that are set to soar again in January, campaigners say. About 10.5 million households will be in fuel poverty for the first three months of next year, according to estimates from the
Continue Reading US consumers continue to spend, but rising inflation has shifted their priorities
Martha C. White for CNN Business With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month. But persistent inflation has reshaped their shopping habits. In July, US retail sales were flat compared to the previous month, the Census Bureau reported Wednesday. That marks a slowdown from June,
Continue Reading Good inflation news: Online shopping prices are suddenly falling fast
By Matt Egan, CNN Business The world of online shopping was long immune to inflation until Covid-19 turned everything upside down. E-commerce prices began rising in June 2020, beginning an unprecedented stretch of 25 consecutive months of increases that underscored the severe price pressures hitting the US economy. That streak has finally ended. Online prices
Continue Reading New business taxes are coming. Wall Street isn’t worried
By Julia Horowitz, CNN Business The most powerful business lobby in the United States is not a fan of the landmark heath care and climate package President Joe Biden is expected to shortly sign into law. “Business Roundtable opposes the ‘Inflation Reduction Act,’ which, among other things, includes tax provisions that would undermine American economic
Continue Reading Good inflation news: Online shopping prices are suddenly falling fast
By Matt Egan, CNN Business The world of online shopping was long immune to inflation until Covid-19 turned everything upside down. E-commerce prices began rising in June 2020, beginning an unprecedented stretch of 25 consecutive months of increases that underscored the severe price pressures hitting the US economy. That streak has finally ended. Online prices
Continue Reading Is inflation taking a summer vacation?
By Nicole Goodkind, CNN Business It’s August, and that means pretty much all of Wall Street is on vacation right now. The Fed has locked its doors and said, “See you in September.” And politicos are island hopping: VP Kamala Harris made a fundraising appearance on the Vineyard this week alongside the Obamas. Turns out
Continue Reading Is inflation taking a summer vacation?
By Nicole Goodkind, CNN Business It’s August, and that means pretty much all of Wall Street is on vacation right now. The Fed has locked its doors and said, “See you in September.” And politicos are island hopping: VP Kamala Harris made a fundraising appearance on the Vineyard this week alongside the Obamas. Turns out
Continue Reading WhatsApp is going to stop letting everyone see when you’re online
By Michelle Toh, CNN Business WhatsApp announced several new privacy updates on Tuesday, including the ability for users to check their messages without other people knowing. The platform will soon allow people to control who can see when they’re online, prevent others from taking screenshots of certain messages, and leave groups without notifying entire channels.
Continue Reading Shanghai factory upgrade slashed Tesla’s China sales last month
By Laura He, CNN Business Tesla’s sales of China-made vehicles plunged 64% in July from a month earlier, as the company’s ambitious upgrade of its Shanghai factory disrupted production. The sharp drop for Tesla comes as sales of new energy vehicles in China more than doubled, as the world’s largest car market aggressively promotes switching
Continue Reading Steak’s off the table: Inflation-weary shoppers are switching to chicken
By Nathaniel Meyersohn, CNN Business Inflation-weary shoppers are pulling back on buying pricey steaks and switching to cheaper chicken at the grocery store. Tyson, the meat processing giant, said Monday that “demand for chicken is extremely strong,” while demand for its higher-priced cuts of beef has softened. The company said its average sales price for
Continue Reading Baidu gets permits for first fully driverless taxi service in China
By Catherine Thorbecke, CNN Business Tech giant Baidu announced Monday that it has obtained permits to operate fully autonomous taxis without any human assistants on board in two of China’s megacities, marking a first for the country. Baidu, which operates China’s largest search engine, said it received the regulatory approvals for its autonomous ride-hailing service
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