By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Brian Williams doesn’t want to anchor the “Evening News.” Just years ago, in 2015, the notion that Williams would be rebuffing an offer to helm one of the big three
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By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Journalists in Mexico are fed up. In a country whose climate is infamous for being exceedingly hostile toward journalists, a spate of murders has disillusioned an already cynical press corps,
Continue Reading By Laura He, CNN Business Evergrande is still trying to appease growing anger among its offshore creditors, who have threatened to take legal action over the embattled Chinese developer’s plans to restructure the business. The company is now asking international bondholders to give it “more time” to work on a restructuring plan, according to a
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By Jeanne Sahadi, CNN Business The federal tax filing season has begun. And it’s going to be tough sledding for the IRS — and for some tax filers — given the millions of returns from last year that still have to be processed, staffing issues due to Covid-19 and a lack of needed funding for
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By Peter Valdes-Dapena, CNN Business If you want a Ford Maverick pickup but haven’t placed an order already yet, time’s running out. On Thursday, Ford will stop accepting any new retail orders for the 2022 model year Maverick, company spokesman Michael Levine said in an email. After that, buyers will have to wait until order
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By Julia Horowitz, CNN Business After a long period of calm, market volatility has returned in dramatic fashion. What’s happening: US stock markets went on a rollercoaster ride Monday, plunging and then rallying all within the span of a single trading session. The S&P 500 index, at one point down almost 4%, finished the day
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By Matt Egan, CNN Business The Biden administration is defending its economic track record as financial markets get hit by turmoil driven by concerns about the Federal Reserve’s plans to fight high inflation. “We always focus on the trends in the economy, not any one day and not any single indicator, and the President’s economic
Continue Reading By Paul R. La Monica, CNN Business The bloodbath in the cryptocurrency market is taking a gigantic toll on online brokerage stocks Robinhood and Coinbase. Shares of both companies, which each went public last year, slid Monday to new all-time lows. Robinhood was down 1% in afternoon trading but was well off its earlier lows.
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By Paul R. La Monica, CNN Business The bloodbath in the cryptocurrency market is taking a gigantic toll on online brokerage stocks Robinhood and Coinbase. Shares of both companies, which each went public last year, slid Monday to new all-time lows before bouncing back. Robinhood ended Monday up 1% after plunging earlier along with the
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By Ramishah Maruf, CNN Business A cruise ship heading to Miami changed course to the Bahamas Saturday after a US judge issued an arrest warrant for the ship due to unpaid fuel bills. If the Crystal Symphony had continued course to Miami, it would have been seized by authorities. So it headed to Bimini instead,
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By Brian Fung, CNN Business A bipartisan group of attorneys general sued Google on Monday, alleging that the technology giant has used “dark patterns” and deceptive practices to track users’ physical location even when those users have made efforts to block Google from doing so. The parallel lawsuits by the District of Columbia, Texas, Indiana
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By David Goldman, CNN Business Abigail Disney, a longtime critic of her family’s business, is taking her fight to Disney’s turf: The big screen. The activist granddaughter of Disney co-founder Roy Disney (Walt’s brother) has made a movie lambasting the way the Walt Disney Co. treats its theme park employees. Abigail Disney co-directed “The American
Continue Reading By David Goldman, CNN Business Abigail Disney, a longtime critic of her family’s business, is taking her fight to Disney’s turf: The big screen. The activist granddaughter of Disney co-founder Roy Disney (Walt’s brother) has made a movie lambasting the way the Walt Disney Co. treats its theme park employees. Abigail Disney co-directed “The American
Continue Reading By Rachel Metz, CNN Business Facebook has long bet that artificial intelligence can help it with the difficult task of moderating posts from its billions of users. Now its parent company is taking a step that could move it closer to that elusive goal: building its first supercomputer. Meta on Monday announced its new AI
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By Nathaniel Meyersohn, CNN Business Kohl’s stock surged nearly 35% in midday trading Monday following reports that at least two different buyers are looking to take the retailer private. On Friday, Kohl’s received an unsolicited $9 billion bid to go private from a consortium backed by activist investor Starboard Value LP, according to published sources.
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By Paul R. La Monica, CNN Business Forget about all the boardroom intrigue on “Succession” and “Billions.” Real-life companies are facing a lot more drama than anyone on those popular shows. Struggling companies have one more reason to watch their backs. Several of them now have to contend with pesky activist shareholders — the so-called
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By Sonia Moghe, CNN A Manhattan restaurant is looking into its enforcement of vaccine requirements for indoor dining, after Sarah Palin allegedly dined there indoors while unvaccinated. Palin is in New York City for her defamation trial against the New York Times, which was delayed Monday morning after she tested positive for Covid-19. “She is,
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By Chris Boyette, CNN A Connecticut man has been arrested and lost his job after video surfaced of him yelling at employees of a smoothie shop Saturday, where he claimed his son received a drink with peanut butter, causing a severe allergic reaction sending him to the hospital. According to Fairfield Police, James Iannazzo picked
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By Peter Valdes-Dapena, CNN Business If you picture a typical Rolls-Royce owner, you probably imagine someone with white hair and maybe also white golf shoes. These are, after all, huge, cushy cars designed for comfort, just the sort of thing you’d think rich retirees would enjoy. But if you ask Rolls-Royce customers, the true purpose
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By Jeanne Sahadi, CNN Business If you use payment apps like Venmo, PayPal or CashApp, the new year ushered in a change to an IRS tax reporting rule that could apply to some of your transactions. The new rule, which took effect January 1, doesn’t impose any additional taxes on payment app users. But it
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