By Hanna Ziady, CNN Shares in Cineworld plunged more than 30% Monday, hitting their lowest level since late August, after the owner of Regal Cinemas said it planned to terminate efforts to sell its US, UK and Irish businesses. The world’s second-largest movie theater chain also announced a debt restructuring plan with lenders to help
Continue Reading By Laura He, CNN China has launched a cybersecurity probe into Micron Technology, one of America’s largest memory chip makers, in apparent retaliation after US allies in Asia and Europe announced new restrictions on the sale of key technology to Beijing. The Cyberspace Administration of China (CAC) will review products sold by Micron in the
Continue Reading By Chris Isidore, CNN Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of last year, despite a series of price cuts on its lower priced vehicles and talk by CEO Elon Musk about strong demand at those lower prices. The first quarter also marked the
Continue Reading By Ramishah Maruf, CNN The talk between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov about detained journalist Evan Gershkovich has been “hugely reassuring,” Wall Street Journal Editor-in-Chief Emma Tucker said on CBS’ “Face the Nation” on Sunday. “We know that the US government is taking the case very seriously right
Continue Reading By Ramishah Maruf, CNN The talk between US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov about detained journalist Evan Gershkovich has been “hugely reassuring,” Wall Street Journal Editor-in-Chief Emma Tucker said on CBS’ “Face the Nation” on Sunday. “We know that the US government is taking the case very seriously right
Continue Reading By Reuters Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the office of the attorney general said Sunday. The prosecutor, based in the Swiss capital Bern, is looking into potential breaches of the country’s criminal law by government officials, regulators and executives at the two banks,
Continue Reading By Nectar Gan, Yong Xiong and Juliana Liu, CNN It is one of China’s most popular shopping apps, selling clothing, groceries and just about everything else under the sun to more than 750 million users a month. But according to cybersecurity researchers, it can also bypass users’ cell phone security to monitor activities on other
Continue Reading By Ramishah Maruf, CNN Starbucks has fired a Buffalo, New York, worker who “ignited a movement” from one of the first stores in the coffee chain to unionize, Starbucks Workers United said Friday. The firing came the same week that former CEO Howard Schultz testified before Congress, where he was grilled by lawmakers for the
Continue Reading By Christopher Hickey and Alex Leeds Matthews, CNN It has almost never been as hard to buy a new or used car in the United States as it is today, despite improving supply issues and inflation beginning to steady. Vehicle transaction prices — the price you actually end up paying after any dealer discounts or
Continue Reading By Krystal Hur, CNN After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis, cryptocurrency meltdowns and uncertainty about what’s ahead for the economy. What happened: Nothing about the first quarter’s performance was linear. The broad-based S&P 500 seesawed throughout the quarter,
Continue Reading By Clare Duffy, CNN Pope Francis wearing a massive, white puffer coat. Elon Musk walking hand-in-hand with rival GM CEO Mary Barra. Former President Donald Trump being detained by police in dramatic fashion. None of these things actually happened, but AI-generated images depicting them did go viral online over the past week. The images ranged
Continue Reading By Clare Duffy, CNN Pope Francis wearing a massive, white puffer coat. Elon Musk walking hand-in-hand with rival GM CEO Mary Barra. Former President Donald Trump being detained by police in dramatic fashion. None of these things actually happened, but AI-generated images depicting them did go viral online over the past week. The images ranged
Continue Reading By Rhea Mogul and Sania Farooqui, CNN For nearly a minute, the 4-year-old boy attempts to valiantly escape the hungry pack of stray dogs as they circle around him. The boy, who has not been publicly identified, is dragged by the pack for several feet. He strives to wrestle from their grip, but his small
Continue Reading Reuters General Motors plans to phase out widely used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle’s infotainment system, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle’s dashboard display.
Continue Reading By Catherine Thorbecke, CNN When the Amazon Labor Union shocked the world last April by successfully forming the first US union in the e-commerce giant’s history, Chris Smalls, the president and face of the organization, celebrated by making champagne rain on the street and thanking Jeff Bezos “for going to space” while workers organized. Smalls,
Continue Reading By Jacob Lev, CNN Minor league baseball players ratified a historic first-ever collective bargaining agreement (CBA) with Major League Baseball, the Players Association announced on Friday. The MLBPA said an “overwhelming” majority of the 99% of players who cast a ballot in the decision voted to ratify the CBA. The deal will be final upon
Continue Reading By Krystal Hur, CNN After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis, cryptocurrency meltdowns and uncertainty about what’s ahead for the economy. Still, nothing about the first quarter’s performance was linear. The broad-based S&P 500 seesawed throughout the quarter, ending
Continue Reading By Marshall Cohen and Oliver Darcy, CNN Dominion Voting Systems’ historic defamation case against Fox News will proceed to a high-stakes jury trial in mid-April, a Delaware judge ruled Friday, in a major decision that dismantled several of the right-wing network’s key defenses. The judge’s decision is a painful setback for Fox News and sets
Continue Reading By Oliver Darcy and Marshall Cohen, CNN Fox News swiftly banned then-President Donald Trump’s election-denying lawyers from appearing on the right-wing channel in December 2020 after being threatened with a defamation suit, a text message made public on Friday revealed. The message was made public as part of Dominion Voting Systems’ ongoing $1.6 billion defamation
Continue Reading By Peter Valdes-Dapena, CNN Tesla has issued a recall for 35 of its new electric Semi trucks because the parking brake might not engage when applied by the driver. Tesla is not aware of any crashes or injuries that the problem might have caused. The danger, caused by a valve module that could leak air,
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