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Lab-grown chicken is one step closer to being sold in the US
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
Continue Reading Lawmakers say TikTok is a national security threat, but evidence remains unclear
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
Continue Reading TikTok says it has 150 million US users amid renewed calls for a ban
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,
Continue Reading Fox News producer files explosive lawsuits against the network, alleging she was coerced into providing misleading Dominion testimony
By Oliver Darcy, CNN A Fox News producer on Monday filed a pair of explosive lawsuits against the right-wing talk channel, alleging that the network’s lawyers coerced her into providing misleading testimony in Dominion Voting Systems’ $1.6 billion defamation case against the company. The lawsuits filed by Abby Grossberg, who worked as a senior booking
Continue Reading Google begins rolling out its ChatGPT rival
By Samantha Murphy Kelly, CNN Business Google is opening up access to Bard, its new AI chatbot tool that directly competes with ChatGPT. Starting Tuesday, users can join a waitlist to gain access to Bard, which promises to help users outline and write essay drafts, plan a friend’s baby shower, and get lunch ideas based
Continue Reading Home prices just broke a decade-long streak
By Anna Bahney, CNN The median price of a US home was lower this February than it was in February 2022, ending more than a decade of year-over-year increases, the longest on record, according to a National Association of Realtors report released Tuesday. The median existing home price was $363,000 in February, down 0.2% from
Continue Reading From groceries to clothes, inflation-weary Americans flock to cheaper products online
By Matt Egan, CNN Nearly two years of high inflation has caused many consumers to say goodbye to premium goods in favor of cheaper alternatives. New research from Adobe Analytics, shared with CNN, spells out the scale of this trading-down trend playing out in online shopping. Across 11 categories of e-commerce, high-priced goods have lost
Continue Reading JPMorgan is advising First Republic on another potential lifeline, sources say
By Matt Egan, CNN JPMorgan Chase’s investment bank has been hired to advise First Republic as the embattled regional bank tries to ease concerns about its financial condition, people familiar with the matter told CNN. First Republic’s share price has plummeted 90% to record lows over the past month as investors took scrutinized lenders with
Continue Reading Credit Suisse’s gold bars, hats and bags are cropping up in online stores
By Anna Cooban, CNN Hats, bags and gold bars emblazoned with Credit Suisse’s logo are being sold on resale sites, having popped up mere hours after the 167-year-old bank was saved from collapse by rival UBS. The emergency takeover brokered by the Swiss government will mean the end of a bank that began life in
Continue Reading Judge in Dominion defamation case skeptical of Fox’s arguments, as both sides seek a pretrial win
By Marshall Cohen Lawyers for Dominion Voting Systems argued Tuesday that its defamation case against Fox News is so strong that a trial isn’t needed, and the judge followed up with some challenging questions for the right-wing outlet during an all-day courtroom clash. Both sides were in court for a major hearing, where they tried
Continue Reading Janet Yellen: Further rescues of depositors could be needed if smaller lenders suffer bank runs
By Matt Egan, CNN The federal government could once again come to the rescue of uninsured bank depositors if smaller lenders suffer bank runs like the one that collapsed Silicon Valley Bank, according to prepared remarks from US Treasury Secretary Janet Yellen. Yellen argues the government’s “decisive and forceful actions” have successfully calmed the banking
Continue Reading Five questions for the Federal Reserve as the banking crisis drags on
By Nicole Goodkind, CNN The Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of maximum employment and price stability while maintaining financial safety and security in the midst of a banking meltdown. This week, we’ll hear from Fed officials for the first time
Continue Reading Bed Bath & Beyond is closing hundreds of stores. But they won’t be empty for long
By Nathaniel Meyersohn, CNN Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing 400 stores as it tries to stave off bankruptcy. Already, chains including TJ Maxx, HomeGoods and Ross have scooped up the vacant stores. Burlington, Five Below, Nordstrom Rack and budget gym Planet Fitness
Continue Reading Google suspends Chinese shopping app Pinduoduo over malware
By Nectar Gan, Yong Xiong and Juliana Liu, CNN Google has suspended Pinduoduo, a popular Chinese budget shopping app, from its Play Store after finding malware in versions of the app. In a Tuesday statement, Google said versions of the app that are not in the Play Store have been found to contain malware. “We
Continue Reading China imports 27 foreign video games as it reopens market to global titles
By Laura He, CNN China has approved 27 foreign video games, including titles to be released by Tencent, NetEase and Bilibili, as it gradually reopens the world’s largest mobile entertainment market to international titles. It was the second batch of foreign games to be allowed to enter the Chinese market since December. The latest titles
Continue Reading Fox News producer files explosive lawsuits against the network, alleging she was coerced into providing misleading Dominion testimony
By Oliver Darcy, CNN A Fox News producer on Monday filed a pair of explosive lawsuits against the right-wing talk channel, alleging that the network’s lawyers coerced her into providing misleading testimony in Dominion Voting Systems’ $1.6 billion defamation case against the company. The lawsuits filed by Abby Grossberg, who worked as a senior booking
Continue Reading Global stocks rise as investor worries about banking turmoil ease
By Michelle Toh and Anna Cooban, CNN Stocks around the world rose Tuesday as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players. The Dow Jones Industrial index was trading 0.5% higher in late morning trade, while the S&P 500 rose 0.7% and the Nasdaq
Continue Reading Global stocks rise as investor worries about banking turmoil ease
By Michelle Toh and Anna Cooban, CNN Stocks around the world rose Tuesday as concerns about the global banking sector eased in response to a whirlwind of intervention by policymakers and industry players. The Dow Jones Industrial index was trading 0.5% higher in late morning trade, while the S&P 500 rose 0.7% and the Nasdaq
Continue Reading Sri Lanka agrees $3 billion IMF loan in boost for crisis-hit economy
By Mitchell McCluskey and Rhea Mogul, CNN Sri Lanka on Monday secured a much-anticipated loan of about $3 billion from the International Monetary Fund (IMF) as the South Asian nation navigates its worst financial crisis in decades. The deal, nearly a year in the making, will aim to “restore macroeconomic stability and debt sustainability” and
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