By Paul R. La Monica, CNN Business August is about to come to a close, which means that the summer is almost over in the Northern Hemisphere. (Have fun in the sun, Australia!) If that’s not enough to bum you out, then this might: September, which begins on Thursday, is historically the worst month of
Continue Reading By Frank Pallotta, CNN Business When HBO Max launched in 2020, it was designed to be the streaming home for everything Warner Bros., DC and HBO, with plenty of stuff for the kids to watch, too. Now, suddenly, HBO Max is starting to look a little different. The service, which like CNN is owned by
Continue Reading By Zoe Sottile, CNN One small step for a man, one giant leap for… doughnuts? Krispy Kreme will launch a special, limited-edition Artemis Moon doughnut on Monday, the day NASA is expected to launch a rocket, designed to eventually carry humans, on an uncrewed test flight around the moon. The Artemis I mission is the
Continue Reading By Ramishah Maruf, CNN The Wendy’s mascot has a new hairdo on its Canadian social media sites — all in support of one of the nation’s veteran journalists. The fast food giant’s Canada unit posted a new profile picture on its Twitter feed Thursday that gave Wendy’s iconic red pigtails a gentle gray shade. The
Continue Reading By Ramishah Maruf, CNN The Wendy’s mascot has a new hairdo on its Canadian social media sites — all in support of one of the nation’s veteran journalists. The fast food giant’s Canada unit posted a new profile picture on its Twitter feed Thursday that gave Wendy’s iconic red pigtails a gentle gray shade. The
Continue Reading By Ramishah Maruf, CNN Workers at a Chipotle Mexican Grill in Lansing, Michigan, voted to unionize Thursday, becoming the first of the fast-casual chain’s 3,000 locations to organize. The workers at the Lansing Chipotle voted to form a union with the International Brotherhood of Teamsters. In a release Thursday, the union said that workers are
Continue Reading By Clare Duffy, CNN Business In the days since it was first reported that former Twitter head of security Peiter “Mudge” Zatko had filed an explosive whistleblower disclosure, the company has had to confront renewed scrutiny from lawmakers, a dip in its stock price and added uncertainty in its high-stakes legal battle with billionaire Elon
Continue Reading By Jeanne Sahadi, CNN Business Federal Reserve Chairman Jerome Powell on Friday made clear that interest rates were likely to continue moving higher in the central bank’s ongoing bid to quash high inflation. The Fed intends to use its policymaking “tools forcefully to bring demand and supply into better balance,” Powell said during his keynote
Continue Reading By Sonia Moghe, CNN The families of Sandy Hook victims allege that Alex Jones’ company Free Speech Systems has “systematically transferred millions of dollars” to Jones, his family and companies he controls in order to avoid compensating victims’ families, according to a court filing. The Thursday filing from attorneys for the families was made as
Continue Reading By Peter Valdes-Dapena, CNN Business Just weeks after announcing it was raising the price of the Ford F-150 Lightning electric pickup, Ford announced it is similarly boosting prices for its other popular electric vehicle, the Mustang Mach-E. When Ford begins taking orders on Tuesday for the 2023 model year Mach-E, prices will be about $3,000
Continue Reading By Rishi Iyengar, CNN Business Flights used to be a chance to sit back (albeit a bit cramped) and watch a recently released movie or catch up on some reading. Now they’re just another place to log on. Delta and United each host more than 1.5 million inflight WiFi sessions a month, the airlines told
Continue Reading By Jennifer Korn Pilots are in high demand lately — such high demand, in fact, that pilots from the recently defunct ExpressJet Airlines are finding themselves with new job offers, without so much as an interview, days after their employer declared bankruptcy. Piedmont Airlines, a regional airline based in Maryland and subsidiary of American Airlines,
Continue Reading By Martha C. White Federal Reserve chairman Jerome Powell warned that the central bank’s mission to tame inflation will result in “some pain” for US households. In a keynote speech at the Federal Reserve’s annual Jackson Hole Economic Symposium Friday morning, Powell said that the path to reducing inflation would not be quick or easy,
Continue Reading By Nicole Goodkind, CNN Business The US has a jobs problem: There are too many of them. There are currently around two jobs available for every unemployed person, and as a result, employers have had to raise wages to attract suitable candidates. That sounds like a good thing — and it is for Americans who
Continue Reading By Brian Fung, CNN House Republicans want Meta CEO Mark Zuckerberg to hand over a vast array of additional records pertaining to the company’s handling of a 2020 New York Post article containing allegations about Hunter Biden, after Zuckerberg indicated last week that an FBI warning about Russian propaganda contributed to the article’s temporary suppression
Continue Reading By Rachel Metz and Catherine Thorbecke, CNN Business In a rare and lengthy interview, Mark Zuckerberg spoke with controversial comedian and podcast host Joe Rogan about Meta’s plans to release a new virtual-reality headset, his newfound love of jiu-jitsu and his company’s decision to limit the reach of an article about Hunter Biden that came
Continue Reading By Clare Duffy, CNN Business Elon Musk’s legal team is seeking to delay the trial with Twitter over their $44 billion acquisition deal by a month in light of the whistleblower disclosure alleging that the company has serious security vulnerabilities. The case is currently set to go to trial in the Delaware Chancery Court for
Continue Reading By Clare Duffy, CNN Business A stunning whistleblower disclosure from Twitter’s former head of security accuses the company of having a reactive approach to misinformation and platform manipulation, a disconnect between product and safety teams, content moderation shortcomings and a lack of controls to prevent foreign interference, all of which could raise questions about the
Continue Reading By Martha C. White At the Federal Reserve’s annual Jackson Hole Economic Symposium, chairman Jerome Powell telegraphed a greater sense of urgency about taming inflation than he has in previous remarks, calling price stability “the bedrock of our economy.” In his keynote speech Friday morning, Powell said that the central bank’s “overarching focus” was on
Continue Reading By Jeanne Sahadi, CNN Business The now viral phrase “quiet quitting” is annoyingly imprecise and misleading. Some say it means doing the bare minimum at work or just not going above and beyond. Others say it’s about setting healthy boundaries or not mindlessly buying into ‘hustle culture.’ And then there are those who say it’s
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