Money Archives

DirecTV and Newsmax end ugly dispute as the satellite carrier strikes deal to resume broadcasting the right-wing channel

March 22, 2023 9:46 AM CNN Newsource

By Oliver Darcy, CNN Business DirecTV said Wednesday that it has reached a multi-year distribution agreement with Newsmax, putting to end a bitter carriage dispute that waded into political waters and saw the right-wing channel and satellite carrier savage one another in public. “This resolution with Newsmax, resolving an all-too-common carriage dispute, underscores our dedication

Why Bucks County, Pennsylvania, is suing social media companies

March 22, 2023 9:36 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business One mother in Bucks County, Pennsylvania, said her 18-year-old daughter is so obsessed with TikTok, she’ll spend hours making elaborate videos for the Likes, and will post retouched photos of herself online to look skinnier. Another mother in the same county told CNN her 16-year-old daughter’s ex-boyfriend shared partially

TikTok CEO to tell lawmakers its parent company is ‘not an agent of China’

March 22, 2023 8:40 AM CNN Newsource

By Brian Fung, CNN TikTok CEO Shou Chew plans to tell US lawmakers that the app’s parent company, ByteDance, does not work for the Chinese government as he seeks to avert a US ban and reassure policymakers TikTok poses no national security threat. The remarks, which include broad promises to protect US user data, to

Lawmakers and union tell Norfolk Southern CEO that railroads’ voluntary safety plans aren’t enough

March 22, 2023 7:21 AM CNN Newsource

By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw returned to Capitol Hill Wednesday facing pressure to support rail safety legislation proposed in the wake of his railroad’s massive toxic spill from a February 3 derailment in East Palestine, Ohio. Although Shaw’s prepared testimony released in advance of the hearing promised to take steps to

Wall Street is thirsty for its next big investment opportunity: The West’s vanishing water

March 22, 2023 7:15 AM CNN

By Lucy Kafanov, CNN Situated in the Sonoran Desert near the Arizona-California border is the tiny rural town of Cibola — home to roughly 300 people, depending on the season. Life here depends almost entirely on the Colorado River, which nourishes thirsty crops like cotton and alfalfa, sustains a nearby wildlife refuge and allows visitors

Wall Street is thirsty for its next big investment opportunity: The West’s vanishing water

March 22, 2023 7:15 AM CNN Newsource

By Lucy Kafanov, CNN Situated in the Sonoran Desert near the Arizona-California border is the tiny rural town of Cibola — home to roughly 300 people, depending on the season. Life here depends almost entirely on the Colorado River, which nourishes thirsty crops like cotton and alfalfa, sustains a nearby wildlife refuge and allows visitors

Grindr partners with free HIV test program

March 22, 2023 6:50 AM CNN Newsource

By Jordan Valinsky, CNN Business Grindr, the popular LGBTQ+ dating app, is partnering with a program distributing free at-home HIV tests as part of a new public health initiative. Now, within the app’s main menu, US-based users will see a new “Free HIV Home Test” button. People who order will receive an OraQuick kit: an

Judge may force Rupert Murdoch to testify in Dominion defamation case

March 22, 2023 6:16 AM CNN Newsource

By Marshall Cohen, CNN The judge in the Dominion Voting Systems’ defamation case against Fox News signaled his interest Wednesday in the duty that executives like Rupert Murdoch might have to stop known liars from going on-air, and suggested he might force Murdoch to testify. Delaware Superior Court Judge Eric Davis repeatedly pressed a Fox

After bank failures, Elizabeth Warren demands Fed crackdown on large regional banks

March 22, 2023 6:11 AM CNN Newsource

By Matt Egan, CNN Senator Elizabeth Warren is cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank. In a new letter shared exclusively with CNN, Warren, Sen. Bernie Sanders and ten other senators are calling for the Fed to crack down on large regional banks with assets between $100

After bank failures, Elizabeth Warren demands Fed crackdown on large regional banks

March 22, 2023 6:11 AM CNN

By Matt Egan, CNN Senator Elizabeth Warren is cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank. In a new letter shared exclusively with CNN, Warren, Sen. Bernie Sanders and ten other senators are calling for the Fed to crack down on large regional banks with assets between $100

The banking meltdown may have done the Fed’s work for it

March 22, 2023 5:49 AM CNN

By Nicole Goodkind, CNN Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their efforts have been complicated by the events of the past few weeks. The failures of Silicon Valley Bank and Signature Bank and the ongoing stress in the regional banking

The banking meltdown may have done the Fed’s work for it

March 22, 2023 5:49 AM CNN Newsource

By Nicole Goodkind, CNN Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their efforts have been complicated by the events of the past few weeks. The failures of Silicon Valley Bank and Signature Bank and the ongoing stress in the regional banking

Khalistan: The outlawed Sikh separatist movement that has Indian authorities on edge

March 22, 2023 3:11 AM CNN Newsource

By Rhea Mogul, CNN A colossal police hunt for a Sikh separatist who has revived calls for an independent homeland in India’s Punjab state has stoked fears of violence and revived painful memories of a bloody insurgency that killed thousands. Amritpal Singh, 30, has been on the run since March 18 after he was accused

UK inflation rises to 10.4% as food prices soar

March 22, 2023 2:54 AM CNN Newsource

By Olesya Dmitracova and Hanna Ziady, CNN UK consumer prices jumped by 10.4% in February compared with a year ago, as food inflation hit its highest level in more than 45 years, and as the cost of visiting restaurants and hotels increased, official data showed Wednesday. Food prices soared 18.2% through the year to February,

Asia Pacific shares join US gains as investors await key Fed decision

March 21, 2023 10:26 PM CNN Newsource

By Juliana Liu, CNN Asia Pacific shares opened higher on Wednesday, tracking US gains, as investors awaited the US Federal Reserve’s next monetary policy decision later in the day. Hong Kong’s benchmark Hang Seng index was trading 2.3% higher, leading gains in the region. Japan’s Nikkei 225 rose by 1.8%, while the broader Topix index

US companies including Netflix and Boeing join ‘biggest’ business mission to Vietnam

March 21, 2023 8:12 PM CNN Newsource

By Michelle Toh, CNN Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy, which has emerged as an attractive potential alternative to China as companies seek to diversify their markets and supply chains. Senior executives from 52 US firms are taking part in the

Send us your questions about TikTok

March 21, 2023 5:50 PM CNN Newsource

Lab-grown chicken is one step closer to being sold in the US

March 21, 2023 5:11 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Americans are one step closer to being able to buy chicken grown from animal cells, also known as lab-grown meat. Good Meat, the developer of such a chicken product, announced Tuesday that it has received a so-called “no questions” letter from the Food and Drug Administration. That letter states that the

Lawmakers say TikTok is a national security threat, but evidence remains unclear

March 21, 2023 10:41 AM CNN Newsource

By Brian Fung, CNN As TikTok CEO Shou Zi Chew prepares for his first congressional grilling on Thursday, much of the focus will undoubtedly be on the short-form video app’s potential national security risks. Concerns about TikTok’s connections to China have led governments worldwide to ban the app on official devices, and those fears have

TikTok says it has 150 million US users amid renewed calls for a ban

March 21, 2023 10:15 AM CNN Newsource

By Catherine Thorbecke, CNN TikTok now has 150 million monthly active users in the United States, CEO Shou Chew confirmed on Tuesday, in a clear attempt to highlight the platform’s vast and growing reach in the country amid renewed calls for a ban. “That’s almost half the US coming to TikTok to connect, to create,