South Korea pardons Samsung’s Jay Y Lee in bid to revive the economy
By Yoonjung Seo and Gawon Bae, CNN Business The de facto leader of Samsung, Lee Jae-yong, was pardoned by South Korea’s president on Friday for…
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Rivian losses surge to $1.7 billion as production ramps up
By Matt McFarland, CNN Business Rivian said Thursday that it lost $1.7 billion in the second quarter of 2022 as it works to ramp up its vehicle…
Continue ReadingHome prices hit a new record high in the second quarter
By Anna Bahney, CNN Business Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with…
Continue ReadingUnited Airlines puts $10 million behind plan to shuttle customers by electric aircraft
By Jackie Wattles, CNN Business United Airlines gave a $10 million deposit to a startup developing electric aircraft — all for the goal of…
Continue ReadingHere’s why you still look terrible in virtual reality
By Rachel Metz, CNN Business Mark Zuckerberg has bet his company’s future on an ambitious long-term vision of people carrying out greater…
Continue ReadingMeta testing expanded encryption features amid renewed scrutiny of messaging data
By Clare Duffy, CNN Business Meta on Thursday said it is testing expanded encryption features for Messenger and Instagram, days after the company…
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Ballot language approved for sales-tax-for-roads renewal question posed to El Paso County voters
COLORADO SPRINGS, Colo. (KRDO) — The Pikes Peak Rural Transportation Authority (PPRTA) board this week approved ballot language for Election Day…
Continue ReadingThe US Postal Service is raising rates for the holidays
By Jordan Valinsky, CNN Business For the third year in a row, the United States Postal Service is hiking the prices of its delivery services —…
Continue ReadingFTC weighs sweeping new rules on ‘commercial surveillance’ and Big Data
By Brian Fung, CNN The Federal Trade Commission is considering whether to write sweeping new regulations that could restrict how businesses collect…
Continue ReadingThe streaming wars are over
By Frank Pallotta, CNN Business In November 2019, Disney debuted Disney+, kicking off the so-called streaming wars and prompting companies across the…
Continue ReadingShell and Chevron shut Gulf of Mexico oil platforms after small leak halts pipelines
by Matt Egan, CNN Shell and Chevron both said on Thursday that the companies halted oil production at several platforms in the Gulf of Mexico…
Continue ReadingNearly half of all teens say they use the internet ‘almost constantly,’ survey finds
By Jennifer Korn Nearly half of US teens say they use the internet “almost constantly,” according to a new survey released on Wednesday.…
Continue ReadingThis tried-and-true investing strategy isn’t working
By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative investor terrified…
Continue ReadingTwitter activates election policy enforcement for US midterms
By Brian Fung, CNN Business Twitter will now label and demote misinformation about the upcoming US elections, such as false claims about how to cast…
Continue ReadingTwitter activates election policy enforcement for US midterms
By Brian Fung, CNN Business Twitter will now label and demote misinformation about the upcoming US elections, such as false claims about how to cast…
Continue ReadingMcDonald’s is starting to reopen in Ukraine
By Danielle Wiener-Bronner, CNN Business After closing its restaurants in Ukraine six months ago because of the Russian invasion, McDonald’s is…
Continue ReadingMortgage rates climb above 5% once again
By Anna Bahney, CNN Business Mortgage rates climbed above 5% again, after dipping below that threshold for the first time in months a week earlier.…
Continue ReadingCost of back-to-school essentials — glue, markers, pens, backpacks — has jumped
By Parija Kavilanz, CNN Business As parents and teachers prepare for students to return to classrooms this fall, they’re grappling with how…
Continue ReadingOpinion: The Democrats’ sweeping economic package doesn’t go far enough for low-income families
Opinion by Mark Wolfe for CNN Business Perspectives The Inflation Reduction Act, the Democrats’ tax, climate and health care bill that the…
Continue ReadingThis key inflation measure fell, but remains painfully high
Martha C. White for CNN Business A benchmark measure of inflation slowed in July after surging in the previous month, offering a glimmer of hope that…
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