By Chris Isidore, CNN The price of used cars has been falling steadily, and steeply, for much of the last year. Unfortunately for car buyers, that could be about to change. Wholesale prices for used cars being sold at auction have risen sharply in the last few weeks, according to industry data. Higher retail prices
Continue Reading By Jay Croft, CNN Distributor PepsiCo is recalling more than 300,000 Starbucks Vanilla Frappuccino bottles because they might have glass in them, the FDA said this week. The drinks are 13.7-ounce Vanilla Frappuccinos with UPC number 0 12000-81331 3. Expiration dates are March 8, May 29, June 4 and 10, according to the US Food
Continue Reading By Brian Fung, CNN Congress, the White House and now the US Supreme Court are all focusing their attention on a federal law that’s long served as a legal shield for online platforms. This week, the Supreme Court is set to hear oral arguments on two pivotal cases dealing with online speech and content moderation.
Continue Reading By Nathaniel Meyersohn, CNN For decades, bright, playful and oddly-shaped fast-food restaurants dotted the roadside along America’s highways. You’d drive by Howard Johnson’s with its orange roofs and then pass Pizza Hut’s red-topped huts. A few more miles and there was the roadside White Castle with its turrets. Arby’s roof was shaped like a wagon
Continue Reading By Oliver Darcy, CNN Business Fox News has been exposed like never before. A trove of newly-released text messages and emails have laid bare how the right-wing media giant operated with little regard for fact in the weeks and months following the 2020 presidential election. The correspondence reveals that the network’s senior-most executives and highest-profile
Continue Reading By Nicole Goodkind, CNN Former Barclays CEO Jes Staley allegedly exchanged sexually suggestive emails with disgraced financier Jeffrey Epstein, some of which included photos of young women, according to newly unsealed passages of a federal lawsuit. Those email exchanges allegedly continued long after Epstein was convicted of sex crimes in 2008, the US Virgin Islands
Continue Reading By Brian Fung, CNN Amazon is ordering thousands of its workers back to the office for at least three days per week, according to a company memo by CEO Andy Jassy on Friday. The move, which takes effect May 1, marks an end to the remote- or hybrid-friendly policy that had been in place at
Continue Reading By Brian Fung, CNN Amazon closed its acquisition of health care provider One Medical and its parent in a $3.9 billion deal on Wednesday, hours after the Federal Trade Commission said it would not challenge the purchase but that regulators were still investigating potential competitive and consumer harms of the transaction. The landmark deal will
Continue Reading By Ramishah Maruf, CNN A major US food sanitation company illegally employed at least 102 children between the ages of 13 and 17 in jobs that had them using caustic chemicals to clean razor-sharp saws. Packers Sanitation Services paid $1.5 million in civil penalties for employing minors in hazardous occupations and having them working overnight
Continue Reading By Oliver Darcy, CNN Business Fox News has been exposed like never before. A trove of newly-released text messages and emails have laid bare how the right-wing media giant operated with little regard for fact in the weeks and months following the 2020 presidential election. The correspondence reveals that the network’s senior-most executives and highest-profile
Continue Reading By Jennifer Korn Microsoft on Thursday said it’s looking at ways to rein in its Bing AI chatbot after a number of users highlighted examples of concerning responses from it this week, including confrontational remarks and troubling fantasies. In a blog post, Microsoft acknowledged that some extended chat sessions with its new Bing chat tool
Continue Reading By Jennifer Korn Next time you’re wondering how to respond to a colleague on Slack, you may be able to ask ChatGPT for help. Salesforce, the company behind Slack, announced Tuesday that it’s partnering with OpenAI to launch a ChatGPT app for the workplace messaging platform. The new tool will use the AI chatbot to
Continue Reading By Alicia Wallace, CNN Inflation may be cooling off overall, but the price of pet food, pet products and pet care services remains stubbornly high. What have you encountered in your ongoing care for your dog, cat or other pets? How have your household budget and financial decisions changed as they relate to your pet?
Continue Reading By Oliver Darcy, CNN CNN anchor Don Lemon apologized to his colleagues on Friday over sexist remarks he made on the network’s morning show about when women are “in their prime,” telling staffers during the company’s daily editorial meeting that he was sorry for offending them. “I’m sorry that I said it,” Lemon said. “And
Continue Reading By Anna Cooban, CNN London’s premier stock index is roaring back to life as investors turn their backs on Big Tech to favor old-time bank, oil and mining stocks. The FTSE 100, whose constituent companies are collectively valued at $2 trillion, hit an all-time high of 8,013 points on Thursday, notching its eighth such feat
Continue Reading By Anna Cooban, CNN Europe’s natural gas prices have tumbled to their lowest level in nearly 18 months in the latest sign the region has avoided a much-feared energy crisis. Benchmark wholesale gas prices fell almost 5% Friday to hit €49 ($52) per megawatt hour, their lowest level since September 2021 and a fraction of
Continue Reading By Nicole Goodkind, CNN Better Call Saul, The Colbert Report, Law & Order: SVU — Sometimes a spinoff is just as good as the original. Wall Street has seemingly taken that lesson to heart. Corporate spinoff activity surged by 33% in 2022 to its second-highest level on record, according to a new analysis by Goldman
Continue Reading By Laura He, CNN The property market in China is so depressed that some banks are resorting to drastic measures, including allowing people to pay off mortgages until they are 95 years old. Some banks in the cities of Nanning, Hangzhou, Ningbo and Beijing have extended the upper age limit on mortgages to between 80
Continue Reading By Julia Horowitz, CNN The latest inflation figures from the United States, the United Kingdom and the European Union are feeding hopes that the worst is over and some relief for struggling households could arrive soon. Annual inflation in the United States slowed to 6.4% in January, easing for the seventh consecutive month. In Europe,
Continue Reading By Michelle Toh, CNN One of China’s top investment bankers has become unreachable, according to his company. China Renaissance, an investment bank and private equity firm based in Beijing, said in a Thursday filing to the Hong Kong stock exchange that it “has been unable to contact” Bao Fan, its chairman and CEO. Shares of
Continue Reading