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By Oliver Darcy, CNN (CNN) — Variety has a mess on its hands. One day after publishing a questionable 4,000-word story that aimed to detail the behind-the-scenes drama that has gripped CNN for the last 18 months, the Hollywood trade publication is being met with calls for it to issue corrections to the piece, if

By Laura He and Candice Zhu, CNN Hong Kong (CNN) — Exhausted by the pressure to succeed as a photographer, Litsky Li accepted a better offer: quit work to become one of China’s growing legions of children paid by their families to stay home. Li, 21, now spends her days grocery shopping for her family

CNN By Matt Egan, CNN Business New York (CNN Business) — Larry Summers, the former Obama and Clinton official, slammed parts of President Joe Biden’s economic agenda as “increasingly dangerous” this week, saying it could end up causing higher prices for Americans. “I am profoundly concerned by the doctrine of manufacturing-centered economic nationalism that is

By Parija Kavilanz, CNN New York (CNN) — Mattel, riding high on the pink wave of the box office success of the “Barbie” movie, plans to go all in to deliver a Barbie kind of Christmas this year. The “Barbie” movie, from director Greta Gerwig, scored the largest opening weekend of 2023, pulling in $155

By Elisabeth Buchwald, CNN New York (CNN) — Roughly every six weeks Federal Reserve Chair Jerome Powell delivers a report card that rates the economy’s future performance. This comes along with each decision the central bank makes on interest rates. The latest move — to raise interest rates by a quarter point — came on

By Catherine Thorbecke, CNN (CNN) — Meta’s “year of efficiency” seems to be paying off. The Facebook-parent company on Wednesday reported revenue of $32 billion for its quarter ending in June, marking an 11% increase compared to the same period last year and beating Wall Street’s expectations. The results mark Meta’s second consecutive quarter of

By Matt Egan, CNN Business New York (CNN Business) — Larry Summers, the former Obama and Clinton official, slammed parts of President Joe Biden’s economic agenda as “increasingly dangerous” this week, saying it could end up causing higher prices for Americans. “I am profoundly concerned by the doctrine of manufacturing-centered economic nationalism that is increasingly

By Peter Valdes-Dapena, CNN Business (CNN) — Seven major automakers are coming together to create a joint venture that will build out a large electric vehicle fast-charging network in the North America, in an attempt to make electric vehicles more attractive to consumers. The companies – General Motors, BMW Group, Honda, Hyundai, Kia, Mercedes-Benz and

By Jordan Valinsky, CNN Business New York (CNN) — Gap has named a new CEO, from toy giant Mattel, nearly a year after its previous leader departed. The retailer announced Wednesday that Richard Dickson, currently Mattel’s president and chief operating officer, will assume the position. He’s been with the toymaker for a collective 20 years,

By Allison Morrow and Kara Scannell, CNN New York (CNN) — A federal judge issued a gag order on former FTX CEO Sam Bankman-Fried, restricting his ability to speak publicly about his case, after US prosecutors asked a federal judge to jail him over allegations of witness-tampering. Prosecutors accused Bankman-Fried of leaking his former girlfriend

By Brian Fung, CNN (CNN) — Some of the world’s top artificial intelligence companies are launching a new industry body to work together — and with policymakers and researchers — on ways to regulate the development of bleeding-edge AI. The new organization, known as the Frontier Model Forum, was announced Wednesday by Google, Microsoft, OpenAI

By Anna Cooban, CNN London (CNN) — The number of households living in temporary accommodation in England has hit its highest level since at least 1998, according to official data. Close to 105,000 households were living in temporary accommodation — such as a hostel or a room in a shared house — in the first

By Samantha Delouya, CNN (CNN) — British billionaire and owner of the Tottenham Hotspur football club Joe Lewis was indicted on insider trading charges by the United States Attorney’s Office for the Southern District of New York, the office announced Tuesday. In a video posted to social media, US Attorney Damian Williams accused Lewis of

By Elisabeth Buchwald, CNN New York (CNN) — PacWest Bancorp (PACW) is set to merge with Banc of California and raise $400 million in equity, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results. Under the terms of the deal, both California-based banks will merge into one bank

by Oliver Darcy, CNN New York (CNN) — The White House condemned Fox News on Tuesday over remarks made by one of its top hosts about the holocaust, denouncing the comments as a “horrid, dangerous, and extreme lie” that “insults the memory of the millions of people who suffered from the evils” committed by Adolf

By Vanessa Yurkevich and Chris Isidore, CNN Philadelphia (CNN) — UPS and the Teamsters have reached a tentative deal on a new contract, potentially avoiding a strike. A labor stoppage could have started as soon as next week and crippled US supply chains and been a multi-billion dollar hit to the economy. “We’ve changed the

By Samantha Murphy Kelly, CNN Business (CNN) — Less than six months after ChatGPT-creator OpenAI unveiled an AI detection tool with the potential to help teachers and other professionals detect AI generated work, the company has pulled the feature. OpenAI quietly shut down the tool last week citing a “low rate of accuracy,” according to

By Elisabeth Buchwald, CNN New York (CNN) — The Federal Reserve is at a crucial fork in the road after leaving interest rates unchanged at its June meeting for the first time since March 2022. One road — continuing to raise interest rates to lower inflation — could lead to a recession. That would happen

By Matt Egan, CNN New York (CNN) — The monthslong calm in gas prices is over. The national average price for a gallon of regular gasoline surged by 4 cents on Tuesday to $3.64, according to AAA. That marks the biggest one-day increase since June 7, 2022, according to a CNN review of AAA data.

By Clare Duffy, CNN New York (CNN) — Meta on Tuesday launched a highly anticipated “following feed” option in its Threads app as part of its latest batch of updates that could help the new social platform further chip away at Twitter’s position in the market. The option to see a reverse chronological feed of

By Alicia Wallace, CNN Minneapolis (CNN) — High interest rates aren’t souring Americans’ moods: A key measurement of consumer confidence just shot up to a level not seen since July 2021. The Conference Board’s monthly Consumer Confidence Index hit 117 in July, rising from 110.1 the month before, according to new data released Tuesday. The

By Jamiel Lynch and Parija Kavilanz, CNN New York (CNN) — A 68-year-old woman has her job back after she was fired last month for attempting to stop shoplifters at a Lowe’s store in Georgia. On June 25, three suspects loaded over $2,000 worth of merchandise into shopping carts and left a Lowe’s store without

By Parija Kavilanz, CNN New York (CNN) — Not only did the one-two punch of Barbie and Oppenheimer, crowned by America as “Barbenheimer,” leave audiences enraptured this past weekend, but the double feature’s opening box office performance could have seriously challenged the movie might of superhero blockbusters. At least in 2023. A pretty pink halo

By Alicia Wallace, CNN Minneapolis (CNN) — The global economy is showing more resilience than economists previously thought — but, although some risks have abated, choppy waters could still be ahead, the International Monetary Fund said Tuesday. In its latest update to its World Economic Outlook, the agency said it expects global growth of 3%

By Jordan Valinsky, CNN Business New York (CNN) — It’s easy to watch Lionel Messi play in the United States, but dressing like him is a bit more difficult. Fans hoping to purchase an authentic Inter Miami jersey featuring its newest star’s name will have to wait until mid-October (notably, that’s when the Major League

By Anna Cooban, CNN London (CNN) — TikTok will now allow users to post text-only content for the first time in a challenge to Elon Musk’s beleaguered X, formerly known as Twitter. Announcing the new post format Monday, the video streaming platform said it would broaden “options for creators to share their ideas and express

By Samantha Delouya, CNN (CNN) — UBS is being fined for missteps by Credit Suisse less than two months after UBS completed an emergency takeover of its former rival. On Monday, the Federal Reserve said it would fine UBS for “misconduct” by Credit Suisse in its risk management of Archegos Capital Management, an investment fund

By Ellie Stevens, CNN (CNN) — Strong sales of leftover Yeezy inventory is helping Adidas recoup some of its losses. Recent sales of the shoes left over from the abandoned collaboration with Ye, the rapper formerly known as Kanye West, should reduce Adidas’ expected operating loss to $498.3 million, the company said in a statement