By Hanna Ziady, CNN Credit Suisse has reported its biggest annual loss since the financial crisis in 2008, highlighting the scale of the challenge facing the scandal-plagued Swiss bank as it attempts a turnaround. The lender on Thursday posted a loss of 1.4 billion Swiss francs ($1.5 billion) in the fourth quarter of 2022, extending
Continue Reading By Eric Cheung, CNN The number of companies in Taiwan saying they’re experiencing business disruptions due to rising tensions between Taipei and Beijing has almost doubled, according to the American Chamber of Commerce in Taiwan. An annual survey, which polled 214 member firms in Taiwan, showed that the number of companies reporting “significant disruption” rose
Continue Reading By Michelle Toh, CNN Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon. The Chinese behemoth said it was testing an artificial intelligence-powered chatbot internally. It did not share details of when it would launch or what the application would be called. “Frontier innovations
Continue Reading By Anna Cooban, CNN Netflix has extended its crackdown on password sharing to Canada, New Zealand, Portugal and Spain. Users in these countries will now have to pay to give people they don’t live with access to their account, after similar rules were trialed in Latin America last year. Under the new rules, subscribers to
Continue Reading By Oliver Darcy, CNN Business An estimated 27.3 million people watched President Joe Biden’s 2023 State of the Union address on Tuesday night, according to Nielsen, a 29% decline in viewership from Biden’s first address when more than 38 million tuned in. According to Nielsen’s measurement, 73% of the audience was aged 55 and older,
Continue Reading By Oliver Darcy, CNN Business An estimated 27.3 million people watched President Joe Biden’s 2023 State of the Union address on Tuesday night, according to Nielsen, a 29% decline in viewership from Biden’s first address when more than 38 million tuned in. According to Nielsen’s measurement, 73% of the audience was aged 55 and older,
Continue Reading By Emiko Jozuka and Michelle Toh, CNN Sushi train restaurants have long been an iconic part of Japan’s food culture. Now, videos of people licking shared soy sauce bottles and messing with plates of food on conveyor belts are prompting critics to question their prospects in a Covid-conscious world. Last week, a video taken at
Continue Reading By Clare Duffy, CNN Business Twitter users on Wednesday briefly encountered various issues with the platform, including the inability to tweet, send direct messages or follow new accounts. Some users trying to send new tweets received a pop-up saying they had reached the “daily limit” for sending tweets; for others, it simply said, “we’re sorry,
Continue Reading By Gregory Wallace Congress is set to receive new evidence Thursday of internal chaos at Southwest Airlines over the Christmas holiday meltdown. The pilots’ union is prepared to characterize the operation as held together by “duct tape,” while Southwest’s chief operating officer is expected to apologize and say the airline “is intensely focused on reducing
Continue Reading By Chris Isidore, CNN Business Disney said it would cut 7,000 jobs from its global workforce, part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations in a period of media industry turmoil. Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the United States. A
Continue Reading By Catherine Thorbecke, CNN Google’s much-hyped new AI chatbot tool Bard, which has yet to be released to the public, is already being called out for an inaccurate response it produced in a demo this week. In the demo, which was posted by Google on Twitter, a user asks Bard: “What new discoveries from the
Continue Reading By Jordan Valinsky, CNN Discovery+ isn’t disappearing, after all. Warner Bros. Discovery, CNN’s parent company, has decided to continue offering the Discovery+ streaming platform in the United States, according to a source familiar with the company’s plans. That marks a sharp reversal from the media company’s previous plan to combine Discovery+ with HBO Max into
Continue Reading By Jordan Valinsky, CNN Discovery+ isn’t disappearing, after all. Warner Bros. Discovery, CNN’s parent company, has decided to continue offering the Discovery+ streaming platform in the United States, according to a source familiar with the company’s plans. That marks a sharp reversal from the media company’s previous plan to combine Discovery+ with HBO Max into
Continue Reading By Parija Kavilanz, CNN With just days to go to Super Bowl LVII, it’s crunch time if you’re hosting a party this year. That means stocking up on essential game day food and drinks. The good news is that it’s likely to cost less than it did a year ago to serve up several big
Continue Reading By Nathaniel Meyersohn, CNN Bed Bath & Beyond, America’s quintessential home furnishings’ chain, is fighting to stay in business. The company has avoided a bankruptcy filing for now by completing a complex stock offering that will give it an immediate injection of $225 million in funds and a pledge for $800 million in the future
Continue Reading By Brian Fung, CNN Access to Twitter has been restored in Turkey, according to internet monitoring company Netblocks. “The restoration comes after authorities held a meeting with Twitter to ‘remind Twitter of its obligations’ on content takedowns and disinformation, ” the firm tweeted. Earlier on Wednesday, NetBlocks said traffic filtering had been applied at the
Continue Reading By Brian Fung, CNN Access to Twitter has been restored in Turkey, according to internet monitoring company Netblocks. “The restoration comes after authorities held a meeting with Twitter to ‘remind Twitter of its obligations’ on content takedowns and disinformation, ” the firm tweeted. Earlier on Wednesday, NetBlocks said traffic filtering had been applied at the
Continue Reading Bed Bath & Beyond is closing 150 more stores including its store in Columbia — just a week after the struggling retailer announced the closure of 87 locations.
Continue Reading By Brian Fung, CNN Microsoft’s $69 billion purchase of Activision Blizzard could harm competition by letting Microsoft restrict Activision’s video games to proprietary platforms such as Xbox, UK officials said Wednesday, in the latest challenge to the tech giant’s blockbuster acquisition. The UK’s competition regulator said the proposed deal, which would make Microsoft the world’s
Continue Reading By Jordan Valinsky, CNN Breakfast at Taco Bell has been saved — and the chain has Pete Davidson to thank. Sales of Taco Bell’s breakfast burritos and egg-stuffed quesadillas jumped 9% in the fourth quarter of last year, executives at its parent company Yum Brands said in an earnings call Wednesday, attributing the growth to
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