Thousands of authors demand payment from AI companies for use of copyrighted works
By Brian Fung, CNN Washington (CNN) — Thousands of published authors are requesting payment from tech companies for the use of their…
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Carvana stock surges 40% after it reaches a massive debt reduction deal
By Jordan Valinsky, CNN New York (CNN) — Shares of Carvana, the online used-car seller known for its tall, glass car-vending machines, closed…
Continue ReadingMicrosoft and Activision extend their deal deadline
By Brian Fung, CNN Washington (CNN) — Microsoft and Activision have mutually agreed to extend their merger deadline by three months in the face…
Continue ReadingGucci CEO to step down as parent company chases the global luxury boom
By Anna Cooban, CNN London (CNN) — The president and CEO of Gucci will step down later this year as part of a leadership overhaul at its French…
Continue ReadingTikTok ‘stress test’ shows it’s not ‘fully ready’ for looming EU social media rules, commissioner says
By Brian Fung, CNN Washington (CNN) — TikTok has “more work” to do to meet tough new European standards that are coming for social media…
Continue ReadingConstruction of new homes fell 8% in the US last month
By Anna Bahney, CNN Washington, DC (CNN) — US home building cooled in June, dropping 8% from May’s surprising surge, which came as low…
Continue ReadingGoldman Sachs profits plunge 58% as dealmaking dries up
By Nicole Goodkind, CNN New York (CNN) — Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of…
Continue ReadingAmazon is inundated with shoppers desperately trying to cool off
By Nathaniel Meyersohn, CNN New York (CNN) — Consumers are snapping up air conditioners, ice makers, pool floats and other goods to help them…
Continue ReadingBiden administration unveils draft changes to US merger review guidelines
By Brian Fung, CNN (CNN) — The Justice Department and the Federal Trade Commission on Wednesday released a set of long-anticipated draft…
Continue ReadingUK inflation slows to lowest level in more than a year
By Hanna Ziady, CNN London (CNN) — UK inflation slowed to its lowest annual rate since March 2022 last month, making it more likely the Bank of…
Continue ReadingBob Iger moves to calm Disney staff after sparking ‘high anxiety’ over potential sale of TV assets
By Oliver Darcy, CNN (CNN) — Bob Iger is seeking to reassure an anxious arm of Disney’s business. In an off-site meeting on Tuesday, the…
Continue ReadingAT&T shares hit 30 year low after toxic lead cable report
By Krystal Hur, CNN (CNN) — AT&T stock fell to its lowest level since 1993 on Tuesday, extending its losses following a report earlier…
Continue ReadingUniversal under investigation after it trimmed trees that shaded SAG-AFTRA protesters
CNN, KABC By Eva Rothenberg, CNN (CNN) — The Los Angeles City Controller’s office is investigating after NBCUniversal severely trimmed a row…
Continue ReadingHollywood Reporter: Tom Cruise negotiated with movie studios over AI before the actors strike began
By Samantha Delouya, CNN (CNN) — Before talks between the Hollywood actors’ union and major film and TV studios broke down, the SAG-AFTRA…
Continue ReadingA Twitter user found that some airline phone numbers on Google Maps link to scammers
By Jennifer Korn New York (CNN) — Google is working to fix false contact information for some major airlines on Google Maps after a Twitter…
Continue ReadingMeta’s Threads app rolls out first big batch of updates
By Clare Duffy, CNN New York (CNN) — Meta’s Twitter rival app Threads on Tuesday rolled out its first major batch of updates since its launch…
Continue ReadingBabies R Us was gone for good. Now it’s back with a new US flagship store
By Parija Kavilanz, CNN (CNN) — First came Toys R Us’ roller coaster revival, and now Babies R Us is experiencing its own rebirth, too.…
Continue ReadingAmericans aren’t rebuilding their savings fast enough
By Elisabeth Buchwald, CNN New York (CNN) — A recession could be miles away — or it could be just around the corner. It’s the storm that…
Continue ReadingBlackRock has been vocal about sustainability. It just appointed a Saudi oil executive to its board
By Anna Cooban, CNN London (CNN) — BlackRock, the world’s biggest asset manager, said Monday it has appointed Amin Nasser, chief executive of…
Continue ReadingTarget workers can now wear shorts
By Nathaniel Meyersohn, CNN New York (CNN) — Target has changed its dress code to allow more of its approximately 440,000 US-based workers to…
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