By Nicole Goodkind and Julia Horowitz, CNN Business If you’re reading this, it means you’ve survived the busiest week of the summer. Congratulations. The last week of July came with an overwhelming confluence of economic data, earnings reports, Federal Reserve announcements and spending deals in Congress. The impact of these past seven days will reverberate
Continue Reading By Catherine Thorbecke, CNN Business If you have one or more drawers filled with old gadgets and wires, you’re not alone. Decades of the tech sector’s pressure to “innovate or die” have led to a long list of useful and flashy household tech products, but many of these same devices also have a need to
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JEFFERSON CITY, Mo. (KMIZ) A spokesperson for MFA Oil Company said it resolved the unleaded fuel issues at its Break Time gas stations and sales of unleaded fuel resumed. Sales of unleaded fuel were put to a halt after a fuel mix-up caused Break Time to partially shut down seven locations. An investigation revealed fuel
Continue Reading By Ramishah Maruf, CNN The fifth-largest commercial bank in the US was fined by the Consumer Financial Protection Bureau for illegally accessing consumer credit reports and opening accounts without their permission. U.S. Bank, which is based in Minneapolis and has over $559 billion in assets, pressured its employees to meet sales goals as part of
Continue Reading Reuters The U.S. Federal Aviation Administration on Friday approved Boeing’s inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on the matter told Reuters. The FAA approved Boeing’s proposal that requires specific inspections to verify the condition of the airplane meets requirements and that all work has been completed, a move
Continue Reading By Ashley Strickland, CNN A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too. OceanOneK resembles a human diver from the front, with arms and hands and eyes
Continue Reading By Ashley Strickland, CNN A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too. OceanOneK resembles a human diver from the front, with arms and hands and eyes
Continue Reading By Oliver Darcy, CNN Business Right-wing conspiracy theorist Alex Jones’ primary company filed for bankruptcy protection on Friday, an unexpected move that comes as a trial is underway in Texas to determine how much in damages he will have to pay the families of two Sandy Hook victims who sued and won a default judgment
Continue Reading By Allison Morrow, CNN Business The US economy is on a knife’s edge, potentially already in a recession after a second quarter of shrinking activity. But indicators are mixed, fueling uncertainty about the way forward. At the core of the debate among economists and policymakers is a fundamental question with massive implications for America’s future:
Continue Reading By Nathaniel Meyersohn, CNN Business These days, it feels like many stores are fortresses. Most of the products on the drug store shelf are behind lock and key, even everyday items such as deodorant, toothpaste, candy, dish detergent, soap and aluminum foil. Manufacturers that supply lock cases and devices to chain stores have seen their
Continue Reading By Oliver Darcy, CNN Business Right-wing conspiracy theorist Alex Jones’ primary company filed for bankruptcy protection on Friday, an unexpected move that comes as a trial is underway in Texas to determine how much in damages he will have to pay the families of two Sandy Hook victims who sued and won a default judgment
Continue Reading By Oliver Darcy, CNN Business Voting technology company Smartmatic on Thursday subpoenaed former Attorney General Bill Barr in its $2.7 billion defamation lawsuit against Fox News, demanding he turn over any communications with the right-wing television channel’s personalities, executives, and owners. Specifically, the subpoena from Smartmatic seeks by September 16 any communication Barr had with
Continue Reading By Nathaniel Meyersohn, CNN Business Here’s another sign that the economy is slowing. Procter & Gamble, the maker of Tide, Dawn, Bounty and other leading household brands, warned Friday that consumers were beginning to pull back on their spending as inflation concerns mount. P&G posted 7% sales growth during its most recent quarter ending June
Continue Reading By Alicia Wallace, CNN Business Inflation has crept into practically every corner of Americans’ lives. In Queens, New York, auto repair shop owner Audra Fordin says some customers have opted to save money by patching up a punctured tire only to be sideswiped by costlier repairs later. In Mount Juliet, Tennessee, the operators of a
Continue Reading By Peter Valdes-Dapena, CNN Business With electric cars, people often talk about “range anxiety,” and how cars with bigger batteries and longer driving ranges will alleviate that. I just drove an electric car from New York City to Atlanta, a distance of about 950 miles, and it taught me something important. The problem really isn’t
Continue Reading By Catherine Thorbecke, CNN Business Twitter’s lawsuit against Elon Musk over his move to terminate their $44 billion acquisition agreement will go to trial on Oct. 17 and run for five days, a Delaware judge has ruled. Judge Kathaleen St. Jude McCormick, who is overseeing the case, issued the order for the trial dates late
Continue Reading By Paul R. La Monica, CNN Business It’s been one year since Robinhood went public. And to say that the online broker’s performance has been disastrous would be a massive understatement. If someone were to write a kids’ book about it, they could title it “Robinhood and the Terrible, Horrible, No Good, Very Bad Year.”
Continue Reading By Matt Egan, CNN Business The American economy is losing steam and is vulnerable to sinking into a recession but it’s not in one yet, according to Moody’s Analytics chief economist Mark Zandi. “This is a slowdown. We’re not in recession, certainly not during the first half of this year,” Zandi told CNN in a
Continue Reading By Clare Duffy, CNN Business Much of contemporary Silicon Valley was built on advertising dollars. That dependence made even the most powerful companies look at least somewhat vulnerable this week after reporting their latest earnings results. “We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,”
Continue Reading Opinion by Bill Carter for CNN Business Perspectives Almost 50 years ago, fresh out of school, I was transfixed by the coverage of the famous hearings into the Watergate break-in. They were certainly as compelling as anything I saw on television in that era. And I wasn’t the only one: An estimated 80 million watched
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