Editor’s Note: Bill Carter covered the media business for more than 25 years at The New York Times. He has also been a contributor to CNN, and the author of four books about television, including “The Late Shift.” He was the Emmy-nominated writer of the HBO film adaptation of that book. The opinions expressed in this commentary are his own. View more opinion on CNN.
Shares of Fisker, a California-based electric vehicle startup, were halted Monday. This comes after the company warned, in an earnings report in March, that it might not have enough cash to survive the year.
The days of ultra-low interest rates are long gone, and the Federal Reserve could begin paring back its key interest rate from a 23-year high later and less aggressively this year than markets expect. High interest rates squeeze companies of all sizes, but that’s especially the case for smaller firms, unlike large companies better equipped to weather the storm.
New York City is suing a handful of social media networks, alleging their platforms’ designs exploit young users’ mental health and cost the city $100 million in related health programs and services each year.
There was a huge bang. A massive hole opened up in the side of the plane, minutes into a flight. Wind and noise filled the cabin, clothes and phones were ripped from passengers and hurled into the void. The metal of airplane seats twisted towards the opening.
Almost 40% of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend that is likely to deepen inequality, according to the International Monetary Fund.
Airlines are still digging themselves out from an intense day of storms that battered the eastern half of the United States on Friday and saw every state under some type of weather-related alert.
Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic, official data showed Monday, increasing the risk of an economic contraction in the wider euro area.
Amazon emailed its millions of Prime members this week, alerting them to an upcoming change to the streaming service that will leave customers with two options: pay more or watch ads.
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