By Laura He, CNN Business Coronavirus outbreaks and strict lockdowns in China are continuing to take their toll on the country’s factories. A private index measuring activity at factories in China fell to 49.1 in January from December’s 50.9. It’s the lowest level for the Caixin/Markit manufacturing Purchasing Managers Index since February 2020, when the
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Every day, there’s another tug-of-war over who gets heard and where and how, another power struggle over platforming. “The battle lines over truth and falsehood aren’t just cutting across the
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Every day, there’s another tug-of-war over who gets heard and where and how, another power struggle over platforming. “The battle lines over truth and falsehood aren’t just cutting across the
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By Ramishah Maruf, CNN Business Spotify responded to criticism it has received regarding Covid-19 content Sunday after a number of prominent artists said they will leave the platform if it continues to host comedian Joe Rogan, whose podcast has spread misleading and inaccurate claims about vaccines and the virus. Spotify said it is adding a
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By Ramishah Maruf, CNN Business Spotify responded to criticism it has received regarding Covid-19 content Sunday after a number of prominent artists said they will leave the platform if it continues to host comedian Joe Rogan, whose podcast has spread misleading and inaccurate claims about vaccines and the virus. Spotify said it is adding a
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By Ramishah Maruf, CNN Business Jack Sweeney, a 19-year-old from Florida, rejected a $5,000 offer from Elon Musk to delete his Twitter account that tracks the billionaire’s private jet. ElonJet has over 150,000 followers, and uses a bot that Sweeney developed to monitor Musk’s flights. The feed then tweets out when and where the plane
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By Paul R. La Monica, CNN Business It’s been a tough start to the year for investors in big tech companies. Cathie Wood’s ARK Innovation fund, a big owner of Tesla, Zoom and Roku, has plunged nearly 30%. And speculative meme stocks like GameStop and AMC have been crushed. But that’s not causing Berkshire Hathaway’s
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By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts to spread misinformation on social media in Ukraine. The scene opened with Biden, played by James Austin Johnson, surrounded by advisers in the Oval Office, including a military adviser portrayed by Kenan Thompson. Johnson’s
Continue Reading By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts to spread misinformation on social media in Ukraine. The scene opened with Biden, played by James Austin Johnson, surrounded by advisers in the Oval Office, including a military adviser portrayed by Kenan Thompson. Johnson’s
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By Danielle Wiener-Bronner, CNN Business In October 2020, the moment Trish Priest had been dreading arrived: Tab, the decades-old diet drink, was being killed off by parent company Coca-Cola. What to some was a mere news blip was a crisis for Priest. “I lived in fear of it being discontinued for years,” she said. “When
Continue Reading By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this week with its President Joe Biden reviewing Russia’s efforts to spread misinformation on social media in Ukraine. The scene opened with Biden, played by James Austin Johnson, surrounded by advisers in the Oval Office, including a military adviser portrayed by Kenan Thompson. Johnson’s
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By Parija Kavilanz, CNN Business Just as its classes promise, Peloton itself has been getting quite a robust workout lately as it deals with a series of unfortunate events. Peloton bumped up the cost of its bike and treadmill weeks after slashing prices. It had a damaging treadmill recall after the death of an infant.
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By Ramishah Maruf, CNN Business Buzzy beauty startup Glossier has laid off a third of its corporate staff, founder and CEO Emily Weiss said in an email to employees. Glossier has branded itself as both a technology and beauty company — but of the more than 80 corporate employees laid off, the technology team was
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By Matt Egan, CNN Business Bank of America slashed its first-quarter economic outlook for the United States on Friday because of disruptions caused by the Omicron coronavirus variant. Economists at Bank of America said in a report to clients they now expect US gross domestic product to increase at an annual rate of just 1%
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By Jordan Valinsky, CNN Business Airlines have canceled thousands of flights this weekend as a powerful winter storm packing strong winds and many inches of snow is set to envelop major cities on the East Coast. According to FlightAware, nearly 5,000 flights within, into or out of the United States were canceled through Saturday and
Continue Reading By Paul R. La Monica, CNN Business The Super Bowl already has a winner: E-Trade. The online broker, now owned by Morgan Staney, is bringing back its famous talking baby for the February 13 big game. A source close to the company confirmed that E-Trade will run a commercial during Super Bowl LVI on NBC
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By Matt Egan, CNN Business Natural gas futures are climbing sharply ahead of a blizzard that will force millions of Americans to crank up the heat. If maintained, the rally will translate to higher home heating costs in the weeks to come, adding to the inflationary pressures hitting the US economy. Natural gas futures expiring
Continue Reading By Matt Egan, CNN Business Natural gas futures are climbing sharply ahead of a blizzard that will force millions of Americans to crank up the heat. If maintained, the rally will translate to higher home heating costs in the weeks to come, adding to the inflationary pressures hitting the US economy. Natural gas futures expiring
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By Chris Isidore, CNN Business Six months ago, Elon Musk said he would stop attending investor conference calls unless there was “something important” that he needed to say. He should have stuck with that plan. After skipping Tesla’s third-quarter call, he returned to the call Wednesday to discuss fourth quarter’s record earnings and revenue. But
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By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did prices. Compensation for American workers climbed 4% between December 2020 and December 2021, marking the biggest increase since the fourth quarter of 2001, according to the Bureau of Labor Statistics. Private
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