By Anna Bahney, CNN The United States is not building enough homes to account for the number of people setting up their own households. As a result, there is a sizable shortage of new homes after more than a decade of under-building relative to population growth, according to a new analysis from Realtor.com released Wednesday.
Continue Reading By Oliver Darcy, CNN Fox Corporation CEO Lachlan Murdoch on Thursday dismissed the revelations from Dominion Voting Systems’ $1.6 billion defamation lawsuit against Fox News as “noise,” throwing his support behind the right-wing talk channel in his first comments since the case enveloped the company in major scandal. “I think a lot of the noise
Continue Reading By Oliver Darcy, Jon Passantino, Marshall Cohen, Nicki Brown, Kate Trafecante, Anna Bahney and Jeanne Sahadi, CNN A trove of text messages, emails, and other material from Fox News executives and on-air personalities were made public Tuesday as part of Dominion Voting Systems’ $1.6 billion defamation lawsuit against the right-wing channel. Among the the hundreds
Continue Reading By Chris Isidore, CNN Federal safety regulators are investigating Tesla’s Model Y SUV after at least two instances in which owners said their steering wheels became detached while the vehicle was being driven. The National Highway Traffic Safety Administration is looking at the 2023 model year. It said in the two instances in which the
Continue Reading By Anna Cooban, CNN Adidas has warned that it could suffer its first annual operating loss in more than three decades this year, mostly because it may have to write off the entire range of Yeezy-branded clothing and sneakers. The German sportswear maker said Wednesday that it would face an operating loss of €700 million
Continue Reading By Jeremy Diamond and Brian Fung, CNN The White House’s endorsement of a bill that would give the Biden administration new powers to restrict or ban TikTok in the United States marks a significant shift in the White House’s approach to the Chinese-owned social media app. It’s also a move that the White House has
Continue Reading By Jeremy Diamond and Brian Fung, CNN The White House’s endorsement of a bill that would give the Biden administration new powers to restrict or ban TikTok in the United States marks a significant shift in the White House’s approach to the Chinese-owned social media app. It’s also a move that the White House has
Continue Reading By Nicole Goodkind, CNN Federal Reserve Chairman Jerome Powell on Tuesday cleared the way for larger interest rate hikes at this month’s central bank policy meeting, sending markets into a tailspin. In his remarks to the Senate Committee on Banking, Powell said that economically painful interest rate hikes are “likely to be higher than previously
Continue Reading By Danielle Wiener-Bronner, CNN Why aren’t prices falling at the grocery store? When food producers started raising prices a few years ago, they blamed their own costs, including higher ingredient prices. But ingredient prices have actually been on a downswing for months, and individuals are still paying more for food. In part, it’s because food
Continue Reading By Chris Lau and Kathleen Magramo, CNN Donning a sassy piece of silk lingerie, a male model grooves to the beat and forms a heart shape with his fingers during a livestreaming session on Douyin, one of China’s most popular video-sharing platforms. His modeling performance is the latest illustration of the kind of entrepreneurial innovation
Continue Reading By Anna Cooban, CNN Investors are bucking tradition this year by piling into big bank stocks just as major economies are expected to either slow down or fall into recession. The Stoxx Europe 600 Banks index, a group of 42 big European banks, climbed 21% between the start of the year and late February —
Continue Reading By Julia Horowitz, CNN The International Monetary Fund has drawn criticism for forecasting that Russia will see stronger economic growth this year than either the United Kingdom or Germany, despite rising pressure from Western sanctions. But Kristalina Georgieva, the IMF’s managing director, told CNN’s Poppy Harlow that the economic outlook for Russia beyond 2023 is
Continue Reading By Chris Lau and Kathleen Magramo, CNN Donning a sassy piece of silk lingerie, a male model grooves to the beat and forms a heart shape with his fingers during a livestreaming session on Douyin, one of China’s most popular video-sharing platforms. His modeling performance is the latest illustration of the kind of entrepreneurial innovation
Continue Reading By Catherine Thorbecke, CNN Elon Musk on Tuesday offered an optimistic picture for how Twitter can improve the advertising business he helped derail and boost its bottom line while also admitting that keeping the social network running is proving to be a challenge after multiple rounds of layoffs. In remarks at a Morgan Stanley Conference,
Continue Reading By Oliver Darcy, Jon Passantino, Marshall Cohen, Nicki Brown, Kate Trafecante, Anna Bahney and Jeanne Sahadi, CNN A trove of text messages, emails, and other material from Fox News executives and on-air personalities were made public Tuesday as part of Dominion Voting Systems’ $1.6 billion defamation lawsuit against the right-wing channel. Among the the hundreds
Continue Reading By Gregory Wallace Citing the “number and significance of recent Norfolk Southern accidents,” federal investigators said Tuesday they will open a special investigation into the railway’s safety culture. The National Transportation Safety Board said the probe encompasses multiple incidents and three deaths since December 2021, including the toxic East Palestine derailment and the employee killed
Continue Reading By Brian Fung, CNN A dozen US senators unveiled bipartisan legislation Tuesday expanding President Joe Biden’s legal authority to ban TikTok nationwide, marking the latest in a string of congressional proposals threatening the social media platform’s future in the United States. The legislation, called the Restricting the Emergence of Security Threats that Risk Information and
Continue Reading By Sean Lyngaas, CNN US national security officials are concerned that TikTok could use its vast global reach to shape public opinion by either suppressing certain videos or promoting others, the head of the National Security Agency and US Cyber Command told lawmakers on Tuesday. “It’s not only the fact that you can influence something,
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 Chris Isidore, CNN The US Justice Department is suing to stop JetBlue’s proposed $3.8 billion deal to buy discount carrier Spirit Airlines, the first time in more than 20 years that the government has sought to block a US airline merger. The lawsuit, announced Tuesday by Attorney General Merrick Garland, is not a surprise:
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