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TGI Fridays files for bankruptcy

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays Inc., the American casual dining chain, filed for Chapter 11 bankruptcy protection Saturday. The company said in a statement that fallout from the Covid-19 pandemic was the “primary driver of our financial challenges” and it will use the Chapter 11 process to “explore strategic alternatives

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Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls

Story by Reuters (CNN) — Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record $325.2 billion. Berkshire also reported a 6% decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene, and

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Rent and home prices are through the roof. Harris and Trump each say they have the answer

By Samantha Delouya, CNN (CNN) — Home-building policy, local zoning restrictions and the use of federal lands don’t usually find their way into the world of flashy presidential campaign politics, but both Vice President Kamala Harris and former President Donald Trump have prioritized those topics as the election draws to a close. That’s because housing

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Hugh Hewitt quits The Washington Post after storming off newspaper’s live show

By Liam Reilly, CNN New York (CNN) — Conservative radio host Hugh Hewitt resigned from his contributing columnist role at The Washington Post on Friday after storming off the newspaper’s live show over a disagreement with his colleagues. Hewitt’s resignation came after an appearance on “First Look,” the Post’s live show hosted by Jonathan Capehart,

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Two Washington Post writers who resigned over Bezos’ non-endorsement join The Atlantic

By Brian Stelter, CNN New York (CNN) — Two veteran writers who resigned from The Washington Post over its non-endorsement decision are joining The Atlantic. Robert Kagan and Danielle Allen are coming aboard as contributing writers, The Atlantic’s editor-in-chief Jeffrey Goldberg said Friday. The move comes one week after the Post announced it was ending

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Soda is making a comeback

By Nathaniel Meyersohn, CNN New York (CNN) — Consumers are turning away from pricier Starbucks coffee, McDonald’s Big Mac meals, Doritos chips, Monster energy drinks and Heineken beer. But they can’t stop guzzling Coke and Dr Pepper. Both Coca-Cola and Dr Pepper said last week on quarterly earnings calls that they sold more soda cases

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Trump sues CBS over ‘60 Minutes’ interview with Harris. Legal experts call it ‘frivolous and dangerous’

By Rashard Rose and Jon Passantino, CNN (CNN) — Former President Donald Trump filed a lawsuit Thursday against CBS, demanding $10 billion in damages over the network’s “60 Minutes” interview with Vice President Kamala Harris. The suit was immediately ridiculed by First Amendment attorneys, who called it “frivolous and dangerous.” In the complaint filed in

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Fired Disney employee allegedly hacked into company system to change allergen info on menus

By John Towfighi, CNN (CNN) — A fired Disney employee allegedly hacked into the company’s servers to alter its restaurant menus, including falsifying allergen information and printing profane language, according to a federal criminal complaint filed in Florida. The complaint, filed October 23 in the US District Court for the Middle District of Florida, does

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More than 250,000 Washington Post readers cancel subscriptions in revolt over non-endorsement

By Liam Reilly, CNN New York (CNN) — More than 250,000 Washington Post readers have canceled their subscriptions since the newspaper announced last week it would not make an endorsement in the presidential race, leading to a “huge spike” in cancelations, the Post reported late Tuesday. The endorsement decision, first announced on Friday by Post publisher Will Lewis,

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Private sector added twice as many jobs as expected in October

By Alicia Wallace, CNN (CNN) — Private sector hiring blew past expectations in October, another sign that the US labor market remains on solid footing, payroll processor ADP reported Wednesday. Non-governmental employers added 233,000 jobs in October, a sharp acceleration from the 159,000 net increase reported for September, according to ADP’s latest National Employment Report.

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TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk

By Simone McCarthy, CNN (CNN) — China has a new richest person – and it’s the entrepreneur behind the wildly popular, and controversial, app TikTok. Zhang Yiming, 41, co-founder of TikTok’s parent company ByteDance, topped the 2024 Hurun China Rich List, released Tuesday. His wealth reached $49.3 billion, as assessed by research, media and investment

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America’s largest newspaper chain, including USA Today, won’t endorse in 2024 presidential race

By Liam Reilly, CNN New York (CNN) — Gannett, owner of the nation’s largest newspaper chain, announced that its more than 200 publications, including USA Today, will not publish presidential endorsements in the run-up to the November 5 election. In a statement, Gannett said that while its USA Today Network of publications nationwide will not issue presidential endorsements this year, the outlets may still endorse candidates at the

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Jeff Bezos defends Washington Post non-endorsement after subscribers flee and staffers resign

By Jon Passantino and Liam Reilly, CNN (CNN) — The Washington Post owner Jeff Bezos, in his first public comments since igniting uproar last week over his decision to withhold the venerable newspaper’s endorsement in the presidential race, defended the move in a rare op-ed published Monday evening by the Post. “Presidential endorsements do nothing

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Three Washington Post editorial board members step down amid wave of canceled subscriptions over non-endorsement

By Hadas Gold, CNN New York (CNN) — The ripple effect of Jeff Bezos’s decision to block The Washington Post from endorsing a presidential candidate continues to reverberate through the newspaper, as a tidal wave of readers cancel their subscriptions and nearly one-third of the Post’s editorial board step down in protest. The resignations came

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Jon Stewart extends ‘Daily Show’ hosting gig through end of 2025

By Liam Reilly, CNN New York (CNN) — Jon Stewart is extending his time in the hosting chair at “The Daily Show” through December 2025. In addition to hosting the Comedy Central show on Monday nights, the veteran comedian will also remain executive producer of the program for the rest of the week as it rotates its other comedians in the hosting chair, the Paramount-owned network announced Monday. The

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McDonald’s restaurants finally have a solution to its busted McFlurry machine problem

By Jordan Valinsky, CNN New York (CNN) — A broken McDonald’s McFlurry machine, arguably one of life’s greatest nuisances, has finally been solved thanks to a court ruling. McDonald’s franchises haven’t been able to fix the soft serve ice cream machines on their own because manufacturing company Taylor owns the copyright and exclusive rights to

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Historic moment for Volkswagen: Automaker plans to close ‘at least’ 3 German plants and cut thousands of jobs

By Hanna Ziady, CNN London (CNN) — Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday. The domestic factory closures would be the first in Volkswagen’s 87-year history, and they lay bare the challenges

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How social media video clippers have become some of the most powerful outlets of the 2024 campaign

By Brian Stelter, CNN New York (CNN) — Some of the most powerful people in this year’s election cycle are the clippers. Yes, the video-clippers. They watch campaign events and cable newscasts for hours on end, looking for the standout moments — those worth clipping and sharing with millions of people via social media. The campaigns for Vice President Kamala

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Daughter of Los Angeles Times owner says Harris endorsement was blocked over Gaza war support

By Liam Reilly, CNN New York (CNN) — The daughter of Los Angeles Times owner Patrick Soon-Shiong suggested on Saturday that herfather’s decision to block the newspaper’s endorsement of Vice President Kamala Harris was made over Harris’ support for Israel’s war in Gaza. Nika Soon-Shiong, a 31-year-old activist who has no official role at the newspaper but has previously been accused of meddling in its coverage, told The New York

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Elon Musk’s dozens of meetings with presidents, prime ministers and political candidates show his growing political influence

By Clare Duffy and Way Mullery, CNN New York (CNN) — Over the past three years, Elon Musk has met dozens of times with presidents, prime ministers, lawmakers, government officials and political candidates from around the world. Some of these meetings have been highly publicized, like his visit to Israel with Prime Minister Benjamin Netanyahu

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Jury awards Apple $250 in design patent lawsuit against Masimo

By Reuters (CNN) — Apple convinced a federal jury on Friday that health monitoring tech company Masimo’s smartwatches infringe two of its design patents. The jury, in Delaware, agreed with Apple that Masimo’s W1 and Freedom watches and chargers willfully violated Apple’s patent rights in smartwatch designs, awarding the tech giant $250 in damages. Apple’s attorneys told the court the “ultimate

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Former Abercrombie & Fitch CEO pleads not guilty to sixteen counts of sex trafficking and international prostitution

By Mark Morales, CNN (CNN) — Former Abercrombie & Fitch CEO Michael Jeffries pleaded not guilty to a 16-count indictment at his arraignment in a New York federal court on Friday. Jeffries was indicted Wednesday on 16 federal counts of sex trafficking and international prostitution and is accused of leveraging “a network of employees, contractors

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Washington Post won’t endorse candidate in 2024 presidential election after Bezos decision

By Hadas Gold and Brian Stelter, CNN New York (CNN) — For the first time in decades, The Washington Post will not endorse a candidate in this year’s presidential election, the newspaper’s publisher announced Friday, a decision that sparked widespread outrage among the paper’s staffers. “The Washington Post will not be making an endorsement of

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Americans are feeling better about the economy after the Fed’s jumbo rate cut

By Bryan Mena, CNN Washington (CNN) — Americans’ attitudes toward the economy improved this month thanks to lower interest rates. The University of Michigan’s latest consumer survey, released Friday, showed that sentiment rose in October for the third consecutive month, reaching its highest level since April. Americans’ expectations for inflation rates in the long run

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Two more Los Angeles Times editorial board members resign amid turmoil over blocked Harris endorsement

By Jon Passantino, CNN (CNN) — Two more members of the Los Angeles Times editorial board resigned Thursday after the newspaper’s owner blocked an endorsement of Vice President Kamala Harris, a contentious decision that has engulfed the publication in turmoil. Robert Greene, a Pulitzer Prize-winning editorial writer, resigned from his position over billionaire Times owner

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Consumers reach their breaking point, forcing retailers to shutter stores at a worrying pace

By Nathaniel Meyersohn, CNN New York (CNN) — Family Dollar has announced 677 store closings this year. Walgreens is closing 259. Big Lots is closing 360. LL Flooring is shutting down entirely. Major retailers have announced 6,189 store closures so far this year, already outpacing last year’s total of 5,553, according to Coresight Research. Chains

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Fox News edited Trump’s rambling answers and false claims in barbershop interview, full video shows

CNN By Brian Stelter and Liam Reilly, CNN New York (CNN) — The Fox News Channel’s recent segment about Donald Trump’s “surprise” visit to a barbershop in the Bronx resembled a campaign ad for the former president’s reelection. Trump was seen taking questions and making small talk with Black and Hispanic barbershop customers and workers, some of whom were

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