RECALL ROUNDUP: Hyundai Genesis vehicles and 3M noise-reducing earmuffs recalled
The Consumer Product Safety Commission has recalled about 40,000 noise-reducing earmuffs made by 3M.
Continue ReadingThe Consumer Product Safety Commission has recalled about 40,000 noise-reducing earmuffs made by 3M.
Continue ReadingBy Brian Fung, CNN Washington (CNN) — The US government on Thursday banned internet service providers (ISPs) from meddling in the speeds their customers receive when browsing the web and downloading files, restoring tough rules rescinded during the Trump administration and setting the stage for a major legal battle with the broadband industry. The net
Continue ReadingBy Alicia Wallace, CNN (CNN) — Despite a weaker-than-expected first-quarter GDP reading, the US economy is “firing on all cylinders” and inflation is on a path toward a more normal level, US Treasury Secretary Janet Yellen said Thursday in an interview with Reuters. Yellen on Thursday was interviewed by Reuters’ editor in chief Alessandra Galloni
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — Home sales based on contract signings unexpectedly jumped in March despite elevated mortgage rates that month. And the latest data from Freddie Mac showed that mortgage rates edged higher this week, reaching a fresh five-month high. Pending home sales — a forward-looking indicator based on contract signings rather
Continue ReadingBy Nicole Goodkind, CNN New York (CNN) — US stocks sank Thursday afternoon after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected. The Dow fell by 546 points, or 1.4%; the S&P 500 was down 1% and the
Continue ReadingBy Chris Isidore, CNN New York (CNN) — Southwest Airlines announced Thursday it will stop serving four airports after reporting increased losses in the first quarter and more delays in the delivery of promised jets from Boeing. The four airports are Bellingham International Airport in Washington state, Cozumel International Airport in Mexico, Syracuse Hancock International Airport
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates, but the Federal Reserve has made it clear it’s in no
Continue ReadingBy Peter Valdes-Dapena, CNN (CNN) — In its earliest days Buick had a reputation for engineering innovation and raw speed. Swiss-born race driver Louis Chevrolet made his name, in part, driving Buicks on race tracks around the country. In the 21st Century, though, Buick, which celebrates its 125th anniversary this year, has been a quiet
Continue ReadingBy Anna Cooban, CNN London (CNN) — Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record. BHP said in a statement Thursday that it valued Anglo American shares at £25.08 ($31.40) apiece, or £31.1 billion ($38.9 billion)
Continue ReadingBy Brian Fung, CNN (CNN) — The clock has begun ticking for TikTok to find a new owner. President Joe Biden signed legislation Wednesday that would ban TikTok in the United States unless its Chinese parent, ByteDance, sells the app. TikTok plans to challenge the law in court, but if it fails, the company would
Continue ReadingBy Hanna Ziady, CNN London (CNN) — Shares in Meta plunged Thursday, as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The stock fell as much as 15% to $421.40 when the Nasdaq opened, wiping $183 billion off its market value. The selloff, which started in after-hours trade Wednesday, came as
Continue ReadingBy Hanako Montgomery and Helen Regan, CNN Tokyo/Hong Kong (CNN) — Mitsuko Tottori admits Japan has much more to do to get people like her into the chief executive seat. Tottori was named as the first female president and chief executive of Japan Airlines (JAL) in January, crowning a career that began nearly 40 years
Continue ReadingBy Hadas Gold, CNN (CNN) — TikTok’s expected legal challenge to a law signed Wednesday by President Joe Biden forcing the popular app’s parent company to spin off its US operations could be a seminal moment in First Amendment law in what is shaping up to be a year of defining cases. The new law gives TikTok’s parent company
Continue ReadingBy Oliver Darcy and Marshall Cohen, CNN (CNN) — The Gateway Pundit, the notorious far-right blog and prolific publisher of conspiracy theories, said Wednesday that it had filed for bankruptcy protection as it grapples with litigation related to its coverage of the 2020 election. The move comes as the staunchly pro-Donald Trump website, which promoted the false notion that
Continue ReadingBy Chris Isidore, CNN New York (CNN) — Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. Ford, like most automakers, has
Continue ReadingBy Samantha Delouya, CNN (CNN) — A federal judge gave a green light to the National Association of Realtors’ settlement, paving the way for an overhaul of the way people buy and sell their homes in the United States. On Tuesday, Judge Stephen Bough granted preliminary approval to the $418 million antitrust settlement in a
Continue ReadingBy Nathaniel Meyersohn, CNN New York (CNN) — Clear is a service that lets people skip the security line at airports with nothing but a biometric scan and $189. Some California lawmakers want to make changes to it in the state, saying it separates travelers into haves and have-nots. California lawmakers voted 8-4 to move
Continue ReadingBy Hanna Ziady, CNN London (CNN) — A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses and protect taxpayers from ever having to bail out a major bank. Now, the giant Swiss lender is hitting back, saying its
Continue ReadingBy Matt Egan, CNN New York (CNN) — Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price. In a letter disclosed on Wednesday, Devin Nunes, the CEO of Truth Social owner Trump Media (DJT), alerted the GOP Chairmen of the House Ways and
Continue ReadingBy Olesya Dmitracova, CNN London (CNN) — European Union officials have raided the offices of Chinese security equipment maker Nuctech as part of a probe into subsidies, exposing rising tensions between the bloc and one of its biggest trading partners. The European Commission said Tuesday that it carried out “unannounced inspections” at the premises of
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