By Clare Duffy, CNN Business Meta on Thursday said it is testing expanded encryption features for Messenger and Instagram, days after the company came under scrutiny for providing messages to police in an abortion-related case. Facebook’s parent company said it plans to test making chats end-to-end encrypted by default for some Messenger users and to
Continue Reading By Jordan Valinsky, CNN Business For the third year in a row, the United States Postal Service is hiking the prices of its delivery services — but just for a few months. The postal service is requesting a temporary price increase on a variety of mail services for the peak holiday season to offset rising
Continue Reading By Brian Fung, CNN The Federal Trade Commission is considering whether to write sweeping new regulations that could restrict how businesses collect and use consumer data, hinting at a possible crackdown on commercial algorithms and a sprawling economy powered by the personal information of millions of Americans. On Thursday, the FTC announced it is accepting
Continue Reading By Frank Pallotta, CNN Business In November 2019, Disney debuted Disney+, kicking off the so-called streaming wars and prompting companies across the media world to spend billions of dollars to launch services to take on Netflix. Netflix was seen as the existential threat to the legacy media industry, so following its lead on subscriber growth
Continue Reading By Jennifer Korn Nearly half of US teens say they use the internet “almost constantly,” according to a new survey released on Wednesday. The survey of 1,316 teenagers delved into the technology habits of teens and was conducted by the Pew Research Center. The percentage of teens who reported a near constant level of online
Continue Reading By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative investor terrified of risky investments that may lose money…then you’ve probably heard you should have a 60/40 portfolio. That means 60% in stocks, which historically rise over time, and 40% in bonds, which offer
Continue Reading By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative investor terrified of risky investments that may lose money…then you’ve probably heard you should have a 60/40 portfolio. That means 60% in stocks, which historically rise over time, and 40% in bonds, which offer
Continue Reading By Brian Fung, CNN Business Twitter will now label and demote misinformation about the upcoming US elections, such as false claims about how to cast a ballot or the outcomes of a race, as part of a broader set of content enforcement policies it’s activating ahead of the midterms, the company said Thursday. The set
Continue Reading By Brian Fung, CNN Business Twitter will now label and demote misinformation about the upcoming US elections, such as false claims about how to cast a ballot or the outcomes of a race, as part of a broader set of content enforcement policies it’s activating ahead of the midterms, the company said Thursday. The set
Continue Reading By Danielle Wiener-Bronner, CNN Business After closing its restaurants in Ukraine six months ago because of the Russian invasion, McDonald’s is starting to reopen in parts of the country. “We have decided to institute a phased plan to reopen some restaurants in Kyiv and western Ukraine,” Paul Pomroy, corporate senior vice president of international operated
Continue Reading By Anna Cooban and Matt Egan, CNN Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a gallon for the first time since March. The national average price for regular gasoline fell to $3.99 a gallon on Thursday, according to AAA. Gas prices hit
Continue Reading By Anna Bahney, CNN Business Mortgage rates climbed above 5% again, after dipping below that threshold for the first time in months a week earlier. While the volatility in mortgage rates remains, there are signs that the housing market is starting to stabilize. The 30-year fixed-rate mortgage averaged 5.22% in the week ending August 11,
Continue Reading By Parija Kavilanz, CNN Business As parents and teachers prepare for students to return to classrooms this fall, they’re grappling with how much more the most basic school supplies will cost. From glue, markers, pens and tape to backpacks, sneakers, even underwear, price tags on these necessities have jumped over the last year as inflation
Continue Reading Opinion by Mark Wolfe for CNN Business Perspectives The Inflation Reduction Act, the Democrats’ tax, climate and health care bill that the Senate just passed, sets the nation on a path to meet its climate goals, and provides a set of practical initiatives that will help lower-income Americans who have fewer resources than other households
Continue Reading Martha C. White for CNN Business A benchmark measure of inflation slowed in July after surging in the previous month, offering a glimmer of hope that the painful inflation Americans are facing could moderate in the coming months. The Producer Price Index, which captures prices paid to producers for their goods and services, was 9.8%
Continue Reading By Catherine Thorbecke, CNN Business Meta’s new chatbot can convincingly mimic how humans speak on the internet — for better and worse. In conversations with CNN Business this week, the chatbot, which was released publicly Friday and has been dubbed BlenderBot 3, said it identifies as “alive” and “human,” watches anime and has an Asian
Continue Reading By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the coronavirus, the flu and another common respiratory virus within the next five years. As Covid-19 continues to mutate, Moderna will need to keep updating the vaccines that turned it
Continue Reading By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the coronavirus, the flu and another common respiratory virus within the next five years. As Covid-19 continues to mutate, Moderna will need to keep updating the vaccines that turned it
Continue Reading By Nicole Goodkind, CNN Business Prices in the US stayed the same last month. That’s a cause for celebration: it’s the first time they haven’t gone up since November 2020. It could also mean that the Fed’s efforts to curb inflation are finally working and that a soft landing, where inflation is limited without toppling
Continue Reading By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less than you did just a year ago. That dollar covers 15 cents less on utility bills and it’s worth six cents less on your rent and housing costs. That adds
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