Opinion by Rob Reich, Mehran Sahami and Jeremy M. Weinstein for CNN Business Perspectives Frances Haugen’s spellbinding testimony before Congress last week riveted the attention of lawmakers and the country. She claimed that Facebook’s own research found that the platform is harmful to teenage girls and amplifies dangerous speech that has led to violence and
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By Leah Asmelash, CNN There was a moment last year, as Covid-19 brought the entire planet to a standstill, when the chef and owner of one of the world’s most renowned and expensive restaurants thought he might lose everything. Daniel Humm’s restaurant, Eleven Madison Park, has three Michelin stars and had recently topped the World’s
Continue Reading Story by Leah Asmelash, CNN Video by Sean Clark, CNN Business There was a moment last year, as Covid-19 brought the entire planet to a standstill, when the chef and owner of one of the world’s most renowned and expensive restaurants thought he might lose everything. Daniel Humm’s restaurant, Eleven Madison Park, has three Michelin
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By Charles Riley, CNN Business Inflation is high. It could stay that way. The US consumer price index rose 5.4% over the previous year in September, according to data published Wednesday. Stripping out food and energy, which tend to be more volatile, prices rose 4% over the same period. Inflation has now been at elevated
Continue Reading By Rob McLean and Chris Isidore, CNN Business The auto industry continues its rush to build factories for production of the massive batteries needed to power electric vehicles. Automaker Stellantis, formed by last year’s merger of Fiat Chrysler and French automaker PSA Group, and South Korean battery maker LG Energy Solution announced Monday they are
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Story and video by John General The van rumbled through the desert in central California. Scorched Earth from controlled burns lined one side of dirt road we were traveling along. Surely, this van needed new shocks. The 105-degree heat bore down on us as we rounded some brush and came across a barren airstrip. One
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By Laura He, CNN Business The cost of goods leaving China’s factories is surging by the highest rate on record, stoking fears about stagflation in the world’s second largest economy at a time when it is already grappling with an extreme power crunch and deepening debt woes. The producer price index — which measures the
Continue Reading By Laura He, CNN Business The cost of goods leaving China’s factories is surging by the highest rate on record, stoking fears about stagflation in the world’s second largest economy at a time when it is already grappling with an extreme power crunch and deepening debt woes. The producer price index — which measures the
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By Michelle Toh, CNN Business Disney is coming after Netflix in Asia. The owner of Disney+ announced a major expansion into Asian content on Thursday, with plans to greenlight more than 50 original titles from the region by 2023. Disney is commissioning new shows from South Korea, Japan, Australia, Taiwan and Indonesia. Many of the
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By Chris Isidore, CNN Business About 10,000 members of the United Auto Workers union went on strike against farm and construction equipment maker John Deere early Thursday morning. The UAW had reached a tentative agreement on a new six-year contact with the company two weeks ago, only to see 90% of the rank-and-file members of
Continue Reading By Chris Isidore, CNN Business About 10,000 members of the United Auto Workers union went on strike against farm and construction equipment maker John Deere early Thursday morning. The UAW had reached a tentative agreement on a new six-year contact with the company two weeks ago, only to see 90% of the rank-and-file members of
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By Matt Egan Americans should expect to shell out more money to heat their homes this year — especially if it’s a very cold winter. Compared with last winter, households will spend 54% more for propane, 43% more for home heating oil, 30% more for natural gas and 6% more for electric heating, the US
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By Jeanne Sahadi, CNN Business The announcement that Social Security retiree benefits will rise by 5.9% next year — the largest cost of living increase since 1982 — should be welcome news for many seniors. Besides the strain of the pandemic, those living on low to moderate incomes have been hit especially hard by the
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By Jordan Valinsky, CNN Business Wendy’s highly anticipated new french fries are officially on sale — and they’re coming with a guarantee. If you’re not happy with the fries, which have been reformulated to be extra hot and crispy, Wendy’s will replace them with no questions asked. Unsatisfied customers just have to bring them back
Continue Reading By Kerry Flynn, CNN Business Adam Schefter, one of ESPN’s most prominent NFL reporters, appears to have violated typical journalistic standards in a newly-revealed email he sent in 2011 to Bruce Allen, who at the time was general manager of Washington Football Team (WFT). According to email exchanges filed as exhibits in a court case
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By Kerry Flynn, CNN Business Adam Schefter, one of ESPN’s most prominent NFL reporters, appears to have violated typical journalistic standards in a newly-revealed email he sent in 2011 to Bruce Allen, who at the time was general manager of Washington Football Team (WFT). According to email exchanges filed as exhibits in a court case
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By Chris Isidore, CNN Business Delta Air Lines took the unusual step of publicly disputing a viral rumor spread by an anti-vax podcast, which claimed one of Delta’s pilots recently died mid-flight days after getting a vaccine. Delta said no such thing happened. Mid-flight deaths are rare and airlines are legally required to report them
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By Hanna Ziady, CNN Business President Vladimir Putin has rejected accusations that Russia is deliberately driving natural gas prices higher in Europe by withholding exports. Speaking at an energy conference in Moscow on Wednesday, Putin called the accusations “politically motivated” and without evidence. His comments came as EU officials said lower than anticipated supplies of
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By Jackie Wattles, CNN Business Ninety-year-old William Shatner, who gained fame portraying Captain Kirk on the original “Star Trek,” just hitched a ride aboard a suborbital spacecraft that grazed the edge of outer space before parachuting to a landing, making Shatner the oldest person ever to travel to space. “That was unlike anything they described,”
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By Danielle Wiener-Bronner, CNN Business Last year, Halloween entailed homemade candy chutes — pipes that allowed people to send candy down to costumed children without getting too close — and pre-packaged goody bags left on stoops, curbs and outdoor tables. This year, families are eager to get back to trick or treating. That’s good news
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