Money Archives

Elon Musk bans several prominent journalists from Twitter, calling into question his commitment to free speech

December 15, 2022 8:53 PM CNN Newsource

By Oliver Darcy, CNN Business Twitter on Thursday evening banned the accounts of several high-profile journalists from the nation’s top news organizations, marking a significant attempt by new owner and self-described free speech absolutist Elon Musk to wield his unilateral authority over the platform to censor the press. The accounts belonging to CNN’s Donie O’Sullivan,

Elon Musk’s Twitter bans CNN, NYT, WaPo journalists without explanation

December 15, 2022 8:03 PM CNN

By Oliver Darcy, CNN Twitter on Thursday evening banned the accounts of several high-profile journalists from top news organizations without explanation, apparently marking a significant attempt by new owner Elon Musk to wield his unilateral authority over the platform. The accounts belonging to CNN’s Donie O’Sullivan, The New York Times’ Ryan Mac, The Washington Post’s

‘This is a war’: Californians seek affordable housing alternatives

December 15, 2022 8:01 PM CNN Newsource

By David Culver and Nicole Barron At 26, Ixchel Hernandez has become the defender and protector of her family’s modest apartment. In the two decades they’ve lived in their Los Angeles home, the family of four has successfully fought against multiple attempts aimed at pricing and, ultimately, forcing them out. “We are human beings with

TikTok may push potentially harmful content to teens within minutes, study finds

December 15, 2022 3:21 PM CNN Newsource

By Samantha Murphy Kelly, CNN Business TikTok may surface potentially harmful content related to suicide and eating disorders to teenagers within minutes of them creating an account, a new study suggests, likely adding to growing scrutiny of the app’s impact on its youngest users. In a report published Wednesday, the non-profit Center for Countering Digital

Tech groups ask Supreme Court to rule on hot-button Texas social media law

December 15, 2022 3:05 PM CNN Newsource

By Brian Fung, CNN Two technology industry groups asked the Supreme Court on Thursday to review a hotly debated Texas law restricting social media platforms’ ability to moderate content, potentially opening the door to a sweeping reinterpretation of First Amendment precedent. The challenged state law, known as HB 20, would allow for lawsuits against tech

Tech groups ask Supreme Court to rule on hot-button Texas social media law

December 15, 2022 3:05 PM CNN

By Brian Fung, CNN Two technology industry groups asked the Supreme Court on Thursday to review a hotly debated Texas law restricting social media platforms’ ability to moderate content, potentially opening the door to a sweeping reinterpretation of First Amendment precedent. The challenged state law, known as HB 20, would allow for lawsuits against tech

As more men leave the workforce, women are stepping in to fill those jobs

December 15, 2022 1:05 PM CNN Newsource

By Vanessa Yurkevich, CNN A typical morning at the Schnitzler household starts with David and Allison feeding their 17-month-old Winston. Allison, 33, and David, 32, play with Winston as they both get ready to go to work. Allison heads out the door — to her family medical practice — and David, an insurance underwriter, starts

Companies are reining in holiday bonuses

December 15, 2022 1:05 PM CNN

By Alicia Wallace, CNN Last year, bonuses were bountiful. This year, economic uncertainty is bringing a chill to the holiday-season perk, according to survey data released Thursday by Challenger, Gray & Christmas. More than 81% of the 252 employers surveyed by the outplacement firm said they planned to freeze the value of holiday bonuses at

Taco Bell is testing two new Mexican Pizza varieties

December 15, 2022 12:09 PM CNN Newsource

By Jordan Valinsky, CNN Business Taco Bell is spinning up new varieties of its popular Mexican Pizza. The chain revealed that it’s testing two new types of the beloved menu item, which came back in May following a two-year absence because of pandemic-induced menu changes. For the unfamiliar, the Mexican Pizza consists of a flat,

Mortgage rates drop for fifth week in a row

December 15, 2022 12:06 PM CNN Newsource

By Anna Bahney, CNN Mortgage rates fell once again this week, dipping for the fifth straight week. The 30-year fixed-rate mortgage averaged 6.31% in the week ending December 15, down from 6.33% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.12%. Mortgage rates have risen throughout most of

Former employees suing Twitter over layoffs score an early victory

December 15, 2022 11:06 AM CNN Newsource

By Clare Duffy, CNN A group of former employees suing Elon Musk’s Twitter scored an early win Wednesday when a judge ordered the company to inform any laid-off staffers of the pending lawsuit. The move ensures workers will be better informed before they are required to sign a severance agreement that includes a release of

‘The mood is really grim’: Washington Post staffers livid at publisher Fred Ryan after layoff announcement

December 15, 2022 10:20 AM CNN Newsource

By Oliver Darcy, CNN Business Staffers at The Washington Post are livid at publisher Fred Ryan. That’s according to conversations I had on Wednesday with nearly a dozen employees at The Post who expressed fury at the way Ryan announced in a town hall that the company would undergo layoffs in early 2023. Ryan said

‘The mood is really grim’: Washington Post staffers livid at publisher Fred Ryan after layoff announcement

December 15, 2022 10:20 AM CNN

By Oliver Darcy, CNN Business Staffers at The Washington Post are livid at publisher Fred Ryan. That’s according to conversations I had on Wednesday with nearly a dozen employees at The Post who expressed fury at the way Ryan announced in a town hall that the company would undergo layoffs in early 2023. Ryan said

Uber Eats launches robot delivery service in Miami

December 15, 2022 9:10 AM CNN Newsource

By Catherine Thorbecke, CNN The next time you order a meal from Uber Eats, it may be delivered by a robot — at least if you live in Miami. Starting on Thursday, some Miami residents can order their Uber Eats takeout to be delivered via autonomous, sidewalk-trotting robots thanks to a new partnership between the

Dow tumbles on recession fears. So much for a Santa Claus rally

December 15, 2022 9:08 AM CNN Newsource

By Paul R. La Monica, CNN Christmas is just 10 days away, and investors hoping for a Santa Claus rally have found little holiday cheer on Wall Street this month — especially Thursday. The Dow plummeted nearly 765 points, or 2.3%, Thursday, and it is down 4% in December following solid gains the previous two

Retail sales have dropped significantly

December 15, 2022 8:55 AM CNN Newsource

By Alicia Wallace, CNN Black Friday may have been back in fashion this year, but the strong turnout at the start of the holiday shopping season last month wasn’t enough to counter a broader consumer pullback in spending. US retail sales fell sharply at the start of the holiday shopping season, dropping by 0.6% during

Jobless claims fall to lowest level since September

December 15, 2022 7:55 AM CNN

By Alicia Wallace, CNN The number of first-time claims for unemployment benefits fell to 211,000 for the week ended December 10, according to data released Thursday by the Department of Labor. That’s a drop of 20,000 from the previous week’s total, which was upwardly revised to 231,000; and the lowest level since September. Economists were

Jobless claims fall to lowest level since September

December 15, 2022 7:55 AM CNN Newsource

By Alicia Wallace, CNN The number of first-time claims for unemployment benefits fell to 211,000 for the week ended December 10, according to data released Thursday by the Department of Labor. That’s a drop of 20,000 from the previous week’s total, which was upwardly revised to 231,000; and the lowest level since September. Economists were

The year that brought Silicon Valley back down to earth

December 15, 2022 6:57 AM CNN

By Catherine Thorbecke, CNN On the first trading day of 2022, Apple hit a new milestone for the tech industry: the iPhone maker became the first publicly traded company to hit a $3 trillion market cap, with Microsoft and Google not far behind. As eye-popping as that valuation was, there were headlines speculating about how

Senate passes legislation to ban TikTok from US government devices

December 15, 2022 6:57 AM CNN Newsource

By Brian Fung, CNN The Senate passed legislation Wednesday evening to ban TikTok from US government devices, in a move designed to limit perceived information-security risks stemming from the social media app. The vote by unanimous consent approved the No TikTok on Government Devices Act, a bill authored by Missouri Republican Sen. Josh Hawley. The