By Kara Scannell, CNN A federal judge ordered Sam Bankman-Fried back to court this week after learning that the founder of crypto trading platform FTX accessed the internet in a way the government can’t track. Judge Lewis Kaplan set a hearing for Thursday after he was notified by prosecutors and attorneys for Bankman-Fried that the
Continue Reading By Parija Kavilanz, CNN Get ready for heartbreak in the candy aisle. As Valentine’s Day arrives, so does the annual frenzy to buy or gift the classic Russell Stover and Whitman’s Sampler chocolate boxes that come in under $12 or so at Walgreens, CVS, Walmart and Target stores. But shoppers may be disappointed this year
Continue Reading By Parija Kavilanz, CNN Get ready for heartbreak in the candy aisle. As Valentine’s Day arrives, so does the annual frenzy to buy or gift the classic Russell Stover and Whitman’s Sampler chocolate boxes that come in under $12 or so at Walgreens, CVS, Walmart and Target stores. But shoppers may be disappointed this year
Continue Reading By Julia Horowitz, CNN Travel on a budget is having a moment. After extended periods at home during the pandemic, people are eager to pack their bags. But as inflation has jumped, many tourists are hunting for ways to keep costs down, from opting for shorter trips to steering clear of higher-end hotels. “You have
Continue Reading By Julia Horowitz, CNN Travel on a budget is having a moment. After extended periods at home during the pandemic, people are eager to pack their bags. But as inflation has jumped, many tourists are hunting for ways to keep costs down, from opting for shorter trips to steering clear of higher-end hotels. “You have
Continue Reading By Peter Valdes-Dapena, CNN Hyundai and Kia are offering a new free software patch to owners of 8.3 million vehicles that are so easy to steal that some insurance companies refuse to offer coverage for them in certain markets. The vehicles in question, 2015-2019 Hyundai and Kia models with turn-key ignitions — as opposed to
Continue Reading By Swati Gupta and Olesya Dmitracova, CNN India’s market regulator is looking into the explosive allegations against Adani Group made by US short seller Hindenburg Research, which accused the conglomerate of “the largest con in corporate history.” The claims, published in late January, set off a crash in the company’s market value and robbed its
Continue Reading By Brian Fung, CNN Senators from both parties blasted Big Tech on Tuesday and called for the passage of federal legislation to regulate tech platforms in the midst of a mental health crisis among young Americans. Opening a hearing of the Senate Judiciary Committee, Sen Dick Durbin, the panel’s chair, accused tech companies including Facebook
Continue Reading By Jordan Valinsky, CNN Business Pepsi is bringing back its Peeps-flavored soda, and this time it’s easier than an Easter egg hunt to find. For the first time, “Pepsi x Peeps” is available for sale at retailers nationwide, a change from its debut two years ago, when it only gave away a few thousand of
Continue Reading By Chris Isidore and Nikki Carvajal, CNN Boeing announced one of the largest orders in its history Tuesday. But it was still topped by rival Airbus. Both aircraft makers announced massive orders from Air India, which is gearing up its own expansion plans. Boeing’s order, which was announced by President Joe Biden after a call
Continue Reading By Jordan Valinsky, CNN Business Subway, one of the world’s most recognizable fast food brands, has confirmed it’s up for sale. The 58-year-old company said in a statement Tuesday that its shareholders are “exploring a possible sale” of the company and that it has hired J.P. Morgan to help conduct the process. Subway warned that
Continue Reading By Danielle Wiener-Bronner, CNN Egg prices are still going up — way up — in the grocery store. In January, egg prices rose 8.5% compared to the month before, according to inflation data released by the Bureau of Labor Statistics Tuesday. In the year through January, egg prices soared 70.1%. A highly-contagious, deadly avian flu
Continue Reading By Hanna Ziady, CNN The United Kingdom lost more working days to strikes in 2022 than in any year since 1989, as employees walked out in large numbers over pay amid soaring living costs. Figures from the Office for National Statistics (ONS) showed Tuesday that nearly 2.5 million working days were lost to industrial action
Continue Reading By Alicia Wallace, CNN Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday. But despite the monthly increase of 0.5%, inflation continued to slow on a year-over-year basis to 6.4%, according to the Bureau of Labor Statistics. That’s down from December’s 6.5% but higher than
Continue Reading By Chris Isidore, CNN Business New Jersey Transit, one of the largest commuter rail services in the country, is now facing the same kind of labor problems that nearly brought service on the nation’s freight railroads to a halt last year. The railroad, which carries tens of thousands of commuters daily between New Jersey and
Continue Reading By Anna Cooban, CNN Ford has announced plans to axe 3,800 jobs across Europe, citing difficult economic conditions and its major push toward electric vehicles. The US carmaker said Tuesday that it would cut about 2,300 jobs in Germany, 1,300 in the United Kingdom and 200 across the rest of Europe over the next three
Continue Reading By Catherine Thorbecke, CNN Business When Microsoft President Brad Smith announced in February 2021 that the tech giant had purchased a 90-acre plot of land in Atlanta’s westside, he laid out a bold vision: The company, he said, would invest in the community and put it “on the path toward becoming one of Microsoft’s largest
Continue Reading By Julia Horowitz, CNN Amazon’s Zoox driverless transportation company has started testing its robotaxi on open public roads — with employees on board, for now. The company said Monday that it conducted an initial run of its shuttle service for workers at its headquarters in Foster City, California on February 11, a key step in
Continue Reading By Nicole Goodkind, CNN A Valentine’s Day surprise doesn’t usually include egg and gas prices, but the heart wants what the heart wants, and Wall Street is entranced by January’s Consumer Price Index. What’s happening: Investors will get some market direction clarity on Tuesday morning with the release of key inflation data. And though consumer
Continue Reading By Michelle Toh, CNN New York’s top financial regulator has ordered a crypto company to stop minting a major stablecoin, widening a clampdown on the embattled digital assets sector. Paxos, a blockchain company, announced Monday that it had been instructed by the New York State Department of Financial Services (NYDFS) to stop issuing BUSD, a
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