Chris Licht has stepped down as CEO of CNN, the global news network’s parent company said Wednesday. CNN “will be conducting a wide search, internally and externally, for a new leader,” David Zaslav, CEO of CNN parent company Warners Bros. Discovery, told staff in a memo sent Wednesday. In the …
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With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt. The White House announced the signing, done in private at the White House, in an emailed statement in which Biden thanked congressional …
Read More »Although inflation has steadily cooled since peaking in June of last year, electricity costs continue to heat up. The typical power bill is set to rise about 2% this summer from a year ago, according to the Energy Information Administration. The reason: While wholesale power costs have dropped, there is …
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After three years, the Department of Health and Human Services (HHS) this week allowed the federal Public Health Emergency (PHE) for COVID-19 to expire, in effect ending some of the flexibilities under various acts and provisions that were created along with it. Tests, vaccines and COVID-19-related treatments that were previously …
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Family Dollar is recalling certain Advil products after some of its locations failed to store the drugs at proper temperatures, the U.S. Food and Drug Administration said. The affected products were shipped to the discount chain’s outlets from around June 1, 2022 through March 31, 2023. Family Dollar kept the …
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Airline passengers were in a generally foul mood last year, with complaints about everything from canceled flights to lost luggage surging to their highest level in years, a new analysis shows. Travelers flooded the U.S. Department of Transportation, travel agents and third-party booking sites like Expedia and Priceline with nearly …
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While getting paid is perhaps the main reason most people work, it is no longer employees’ top priority when deciding whether to stay at their job or strike out in search of a new one. So what is most important to job seekers in today’s labor market? Work-life balance is the …
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From Star Trek to Star Wars, weapons firing lasers that can vaporize their targets are the stuff of science fiction and James Bond villains. It’s also a military technology that American taxpayers are paying to develop — today. The U.S. Department of Defense is spending roughly $1 billion a year …
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Imitation may be the sincerest form of flattery, but for fast-food chain Chipotle it may also be grounds for a lawsuit. Fast-casual restaurant chain Sweetgreen backtracked on plans to add a “Chicken Chipotle Burrito Bowl” to its menu after Chipotle sued, claiming the menu item infringed on the Tex-Mex chain’s …
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Even as job openings have receded from their peak and layoffs cascade in some industries, one saving grace of the labor market is the plethora of open positions, with 1.8 openings for every American who is looking to get hired. Indeed, the high number of openings is a favorite economic figure …
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