By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend $6.5 million to help those affected by the release of toxic chemicals from its derailment nearly three weeks ago in East Palestine, Ohio. But in a plan released earlier this year, the company said it’s planning to spend more
Continue Reading By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend $6.5 million to help those affected by the release of toxic chemicals from its derailment nearly three weeks ago in East Palestine, Ohio. But in a plan released earlier this year, the company said it’s planning to spend more
Continue Reading By Jennifer Korn Vanderbilt University’s Peabody School has apologized to students for using artificial intelligence to write an email about a mass shooting at another university, saying the distribution of the note did not follow the school’s usual processes. Last Friday, the Tennessee-based school emailed its student body to address the tragedy at Michigan State
Continue Reading By Julia Horowitz, CNN JPMorgan Chase is temporarily clamping down on the use of ChatGPT among its employees, as the buzzy AI chatbot explodes in popularity. The biggest US bank has restricted its use among global staff, according to a person familiar with the matter. The decision was taken not because of a particular issue,
Continue Reading By Anna Cooban, CNN Major UK supermarkets have started rationing the sale of some staple fruits and salad vegetables, blaming poor weather in Spain and north Africa for shortages that the UK government warned could last a month. Tesco, the UK’s biggest supermarket, confirmed to CNN Wednesday that it had temporarily capped the number of
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 Brian Fung and Tierney Sneed, CNN After back-to-back oral arguments this week, the Supreme Court appears reluctant to hand down the kind of sweeping ruling about liability for terrorist content on social media that some feared would upend the internet. On Wednesday, the justices struggled with claims that Twitter contributed to a 2017 ISIS
Continue Reading By Nicole Goodkind, CNN Forecasts from Walmart and Home Depot made for a grim day of trading on Tuesday. The mega retailers’ predictions of a weakening economy and a dip in consumer spending this year sent markets tumbling as Wall Street seemed to realize that the Federal Reserve’s campaign to quell inflation could yet lead
Continue Reading By Manveena Suri and Rhea Mogul, CNN A convicted killer and rapist revered by millions as a religious guru has temporarily walked free from jail in India for the fourth time in 12 months, angering activists who say it sets a dangerous precedent in a country grappling with violence against women. Gurmeet Ram Rahim Singh,
Continue Reading By Laura He, CNN Hong Kong’s Covid-hit economy will return to growth this year and expand by between 3.5% and 5.5%, as the city opens up and China’s economic outlook improves, Hong Kong’s financial secretary said on Wednesday. The Asian financial hub suffered a 3.5% contraction last year, as strict Covid restrictions and weakening global
Continue Reading By Ross Levitt, CNN The Department of Transportation’s internal watchdog said Tuesday it is launching a probe into the spike in flight cancellations and delays that have come in the wake of the pandemic. The Office of the Inspector General audit will focus on the federal agency’s role in these cancellations, rather than the airlines.
Continue Reading By Gayle Harrington, CNN Microsoft announced it has agreed to partnerships with Nvidia and Nintendo as it tries to convince European Union officials to approve its $69 billion purchase of Activision Blizzard — the company behind the popular game franchise Call of Duty. Microsoft President Brad Smith had a closed-door meeting Tuesday with EU regulators
Continue Reading By Danielle Wiener-Bronner, CNN Business Starbucks wants you to give olive oil coffee a shot. Really. The coffee chain is rolling out a new line of beverages made with extra virgin olive oil. To be clear, the drinks are not simply flavored with olive oil, nor do they have just a hint of it. Each
Continue Reading By Artemis Moshtaghian, Linh Tran, Yon Pomrenze and Chris Isidore, CNN Norfolk Southern CEO Alan Shaw defended his company’s actions since the disaster caused by the derailment of one of its trains in East Palestine, Ohio, and promised the railroad will pay for the cleanup. “Norfolk Southern is committed to the community and citizens of
Continue Reading by Kara Scannell, CNN Lawyers for Sam Bankman-Fried agreed to pay for a security expert to help the federal judge overseeing his fraud case navigate technology issues as they seek to keep the FTX founder out of jail before his trial. In a brief letter, Bankman-Fried’s attorneys informed Judge Lewis Kaplan that they agreed with
Continue Reading By Danielle Wiener-Bronner, CNN Business Starbucks wants you to give olive oil coffee a shot. Really. The coffee chain is rolling out a new line of beverages made with extra virgin olive oil. To be clear, the drinks are not simply flavored with olive oil, nor do they have just a hint of it. Each
Continue Reading By Nathaniel Meyersohn, CNN The Church of Jesus Christ of Latter-day Saints and its investment manager will pay a $5 million fine to settle regulatory charges that it hid a huge investment fund. The Securities and Exchange Commission said Tuesday that Ensign Peak Advisers, the investment management firm that handles the LDS church’s finances, failed
Continue Reading By Nicole Goodkind, CNN US stocks plunged on Tuesday after fourth-quarter earnings and forecasts from mega-retailers like Walmart and Home Depot raised concerns about the strength of the US consumer. The Dow and S&P 500 each closed with their worst day since December 15 — the Dow fell about 696 points, or 2.1%, while the
Continue Reading By Anna Bahney, CNN US home sales declined in January for the 12th consecutive month as mortgage rates remained elevated and stubbornly high prices kept homebuyers out of the market. It was the weakest home sales activity since 2010. The continuation of a slowing trend that began in February 2022 is the longest streak of
Continue Reading By Danielle Wiener-Bronner Fifteen years ago, Howard Schultz reprised his role as Starbucks CEO, returning to the helm to help put the struggling company back on course. At the time, the coffee chain was flailing, facing growing competition, cooling customer interest and contending with the financial crisis. Last year he returned once again, as Starbucks
Continue Reading