By Chris Isidore, CNN Business The 11th hour deal that prevented a crippling strike at the nation’s freight railroads is the biggest win for US unions in years. The agreement, reached in the early hours Thursday, kept more than 50,000 engineers and conductors on the job, and won members the changes in work rules sought
Continue Reading By Catherine Thorbecke, CNN Business Most people may live out their digital lives with the assumption they can delete their posts, messages and personal data from services whenever they choose. But a tech hearing this week threw that core assumption into question. Peiter “Mudge” Zatko, the former security chief at Twitter, told a Senate committee
Continue Reading By Brian Fung, CNN TikTok has begun to require “mandatory verification” for political accounts based in the United States and will be prohibiting all political fundraising on its short-video platform, the company said Wednesday. The changes could affect the way many of the company’s millions of US users engage with political content ahead of the
Continue Reading By Paul R. La Monica, CNN Business The Federal Reserve’s upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or it will hike them by an unprecedented one full percentage point to 3.25%. But what
Continue Reading By Jennifer Korn, CNN Business At 11:44 a.m. on September 19, 1982, Scott Fahlman made internet history by stitching together a colon, a hyphen and a close parenthesis. Fahlman, a computer science professor at Carnegie Mellon University, posted “: – )” on the school’s online bulletin board, a primitive kind of social network accessible only
Continue Reading By Anna Cooban, CNN Business Much of Britain came to a standstill on Monday for the funeral of Queen Elizabeth II. The government declared the day an official holiday to allow people to pay their respects, meaning that all banks, the London Stock Exchange (LSE), public offices and most businesses were shut. The short notice
Continue Reading By Nathaniel Meyersohn, CNN Business Inflation has made it hard to buy much with a buck these days. $1 pizza has disappeared. Dollar stores aren’t dollar stores anymore. So wouldn’t it make more sense to start paying with $2 bills instead? “If you had a $2 bill, perfect,” said Heather McCabe, a writer and $2
Continue Reading By Samantha Murphy Kelly, CNN Business Apple said it is working on a software fix after some users who recently purchased an iPhone 14 Pro or iPhone 14 Pro Max reported their devices’ rear-facing cameras shook “uncontrollably” and made strange noises when using social media apps. In videos and posts uploaded to social media sites,
Continue Reading By Samantha Murphy Kelly, CNN Business For anyone prone to typos, sending messages to the wrong person or firing off thoughts they may later regret, there’s now some hope. Apple has delivered on two of its most requested features: the ability to edit and unsend iMessages. This week, Apple released its latest operating system, iOS
Continue Reading By Brian Fung, CNN Business A federal appeals court on Friday upheld a controversial Texas law that restricts the ability of Facebook, Twitter and YouTube to moderate content on their platforms, setting up a potential Supreme Court showdown while also renewing uncertainties about how tech platforms may operate in the state in the future. The
Continue Reading By Michelle Toh and Yoonjung Seo, CNN Business Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. That’s why he grabbed his camera and joined a huge throng of shoppers clamoring for cheap fried chicken one August morning at Homeplus, a hypermarket chain that had
Continue Reading By Michelle Toh and Yoonjung Seo, CNN Business Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. That’s why he grabbed his camera and joined a huge throng of shoppers clamoring for cheap fried chicken one August morning at Homeplus, a hypermarket chain that had
Continue Reading By Allison Morrow, CNN Business Jeff Bezos just lost his status as the world’s second-richest person, dropping to No. 3 as Indian business mogul Gautam Adani rapidly climbs the ranks of Bloomberg’s Billionaire Index. Elon Musk, still the No. 1 wealthiest person with $260 billion to his name, may need to watch his back. Adani
Continue Reading By Pete Muntean and Gregory Wallace, CNN United Airlines considers government air traffic controller staffing shortages its top concern and says there is still time to minimize the impact on holiday travel this winter. “When you have air traffic control close a center down or close a region of the country, it leads to hundreds
Continue Reading By Alexandra Peers, CNN Business The labor shortage has reached peak stupid: One post office’s workers couldn’t sell stamps. For the past two weeks, at the Park West station of the US Postal Service in Manhattan, at regular intervals employees have announced to people waiting in line that the facility could not sell stamps. On
Continue Reading By Matt Egan, CNN Business A group of Democrats in Congress is calling on President Joe Biden to keep releasing oil from America’s emergency stockpile through at least the end of the year. In a letter obtained first by CNN, eight House Democrats urged Biden on Friday to immediately scrap his current plan to halt
Continue Reading By Alicia Wallace, CNN Business Americans continue to feel slightly better about the economy as gas prices retreat from their early summer highs. Consumer sentiment in September notched up to its highest level since April, according to the latest survey from the University of Michigan. Preliminary data released Friday showed an increase in the consumer
Continue Reading By Nicole Goodkind, CNN Business US stocks fell on Friday after FedEx served investors a brutal pre-earnings announcement about the state of the global economy. The Dow closed down 140 points, or 0.5%, lower. The S&P 500 fell 0.7% and the Nasdaq Composite was down 0.9%. All three major indexes logged their fourth losing week
Continue Reading By Julia Horowitz, CNN Business The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking. The currency fell below $1.14, its lowest since 1985, after the Office for National Statistics said
Continue Reading By Chris Isidore, CNN Business FedEx warned that a global recession could be coming, as demand for packages around the world tumbles. Shares of FedEx plunged 21% Friday — the biggest one-day drop in its history — after the company warned late Thursday that a slowing economy will cause it to fall $500 million short
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