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9 mentions found


☆ CVS fined in Ohio for understaffing pharmacy, risking staff and patient safety
  + stars: | 2024-02-07 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com   time to read: +6 min
The investigation found that the store was seriously short staffed, pharmacy phones were not working properly and the AC unit was broken. A follow-up visit by agents revealed that the pharmacy was over a month behind in filling prescriptions, according to the agency’s report. In addition to the fine, regulators also put the 7292 Fulton Drive CVS store on probation for at least three years during which it will be subject to enhanced monitoring. The issues being investigated range from hundreds of prescriptions allegedly being past due, pharmacy staffing shortages, clutter and unsafe working conditions and concerns about maintaining adequate medications safety inside the pharmacy. These concerns led some pharmacists to walk out of CVS and Walgreens stores pharmacies last fall and ignited a national push to unionize pharmacy workers.
Persons: we’ve, We’re, Amy Thibault, ” Steven W, ”, Nicole Goodkind Organizations: New, New York CNN, CVS, State of Ohio, of Pharmacy, CNN, Ohio, Pharmacy, state’s, Pharmacists, Community Pharmacists Association, Walgreens, Walmart, Institute, National Institutes of Health Locations: New York, Canton , Ohio, State, Canton, Ohio, United States
☆ Charlie Munger death: Warren Buffett’s business partner in Berkshire Hathaway passes away, aged 99
  + stars: | 2023-11-28 | by ( Paul R. La Monica | Krystal Hur | ) edition.cnn.com   time to read: +3 min
New York CNN —Billionaire investor Charlie Munger, the long-time friend and business partner of Warren Buffett, has died. Berkshire Hathaway, the investment firm where Munger served as vice chairman, said in a press release that Munger passed “peacefully” on Tuesday morning in a California hospital. Charles Thomas Munger, known by his nickname, “Charlie,” was born on January 1, 1924, in Omaha, Nebraska. Buffett told CNBC in 2021 that after their first meeting, he knew “I’m not going to find another guy like this …. “If people weren’t so often wrong, we wouldn’t be so rich,” Munger said during a 2015 Berkshire Hathaway annual shareholders meeting.
Persons: Charlie Munger, Warren Buffett, Berkshire Hathaway, Munger, Charles Thomas Munger, “ Charlie, ”, Wall, Munger’s, “ Berkshire Hathaway, Charlie, Mohamed El, ” Whitney Tilson, Buffett, “, ” Munger, “ I’m, CNN Munger, — CNN’s Nicole Goodkind Organizations: New, New York CNN, Berkshire, US Army, University of Michigan, Harvard Law School, Berkshire Hathaway, Erian, Allianz, CNN, Forbes, CNBC, Xerox, Daily Journal Locations: New York, “, ”, California, Omaha , Nebraska, Southern California, Japan, Omaha, Berkshire, Munger, Los Angeles
☆ Travel advice for Israel following the deadly clashes: Everything you need to know
  + stars: | 2023-10-09 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +7 min
The situation remains fluid and all information is subject to sudden change, but here’s what travelers need to know following the attacks. Among the locations Hamas has claimed it is targeting is Ben Gurion International Airport, Israel’s international hub, located just outside Tel Aviv. As for Israeli airlines, El Al, the country’s flag carrier, issued a statement on October 8 saying it would continue to operate as usual. Meanwhile, Delta Air Lines has issued guidance for passengers with flights booked to or from Tel Aviv between October 7-14. “The situation in Israel continues to be unpredictable,” said the US Embassy in Israel in a statement, which advised American citizens in Israel to contact the embassy in Jerusalem or the consulate in Tel Aviv.
Persons: Benjamin Netanyahu, CNN’s Nic Robertson, Ben Gurion’s, Ilan, Asaf Ramon, El Al, Ben Gurion, Élisabeth Borne, ”, Bruno Mars, CNN’s Nicole Goodkind, Sophie Jeong Organizations: CNN, Israeli, Hamas, Ben Gurion International Airport, Asaf Ramon International Airport, El Al Airlines, El Al, El, Arkia Airlines, International, German, Lufthansa, Lufthansa Group Airlines, BFM, Air France, Hong Kong’s Cathay Pacific Airways, Korean Air, Korean, Delta Air Lines, American Airlines, United Airlines, United, Air, Hainan Airlines, Virgin Atlantic, Royal Air Marcoc, Federal Aviation Administration, FAA, Reuters, of European Football Associations, Estonia, “ UEFA, Embassy, Front Command Locations: Israel, Tel Aviv, Red Sea, Eilat, El, Rome, Milan, Athens, Hong, Incheon, Air Canada, Hainan, Switzerland, Germany, “, Tel Aviv’s, Gaza, Jerusalem, Lebanon
☆ Tupperware may not go out of business after all
  + stars: | 2023-08-04 | by ( David Goldman | ) edition.cnn.com   time to read: +2 min
New York CNN —Tupperware was left for dead; a relic of a lost time when leftovers storage had but one dominant market player. In other words, Tupperware (TUP) has been given new life. Tupperware is still an extremely troubled brand, and the stock is still trading below $6 a share. Tupperware has been considering layoffs and property sales to stay afloat. Once sold exclusively by multi-level marketers, similar to Avon and Amway, Tupperware parties were a staple of a bygone era.
Persons: New York CNN — Tupperware, “, ”, Mariela Matute, aren’t, Tupperware, CNN’s Nicole Goodkind Organizations: New, New York CNN, Tupperware, ”, BlackRock, Amway, Target, New York Stock Exchange Locations: New York, Avon, noncompliance
☆ US inflation cooled in June for the 12th straight month
  + stars: | 2023-07-12 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +7 min
US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics. The June annual rate is down from 4% in May and landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. And June of last year was monumental: Annual inflation soared to 9.1%, the highest in more than 40 years largely because of record-high energy costs. So the Fed and economists have been keyed in on what’s happening with core inflation, particularly core services.
Persons: Olivia Newton, ” William Ferguson, “, Joe Biden, ” Sung Won Sohn, Lael Brainard, ” Brainard, Brainard, ” Julia Pollak, ZipRecruiter, Sohn, ”, —, Nicole Goodkind Organizations: Minneapolis CNN, Bureau of Labor Statistics, CPI, Grinnell College, CNN, Federal Reserve, Loyola Marymount University, SS Economics, Core PCE, National Economic Council, Economic, of New, BLS, Kansas City Fed Locations: Minneapolis, Iowa, of New York
☆ ChatGPT and AI automation: 300 million jobs could be affected globally, says Goldman Sachs
  + stars: | 2023-03-29 | by ( Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according to Goldman Sachs economists. If generative artificial intelligence “delivers on its promised capabilities, the labor market could face significant disruption,” the economists wrote. ChatGPT, which can answer prompts and write essays, has already prompted many businesses to rethink how people should work every day. Further use of such AI will likely lead to job losses, the Goldman Sachs economists wrote. While workplaces may shift, widespread adoption of AI could ultimately increase labor productivity — and boost global GDP by 7% annually over a 10-year period, according to Goldman Sachs.
☆ Asia Pacific shares join US gains as investors await key Fed decision
  + stars: | 2023-03-21 | by ( Juliana Liu | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —Asia Pacific shares opened higher on Wednesday, tracking US gains, as investors awaited the US Federal Reserve’s next monetary policy decision later in the day. Hong Kong’s benchmark Hang Seng (HSI) index was trading 2.3% higher, leading gains in the region. The MSCI Asia Pacific index, which excludes Japanese companies, was broadly higher, rising 0.8%. On Tuesday, US stocks closed higher as shares of regional banks rebounded from record-breaking losses earlier in the month. The SPDR Regional Banking ETF (KRE), which tracks a number of small and mid-sized bank stocks, gained 5.8% for the day.
☆ JPMorgan Chase sues former executive Jes Staley over Jeffrey Epstein relationship
  + stars: | 2023-03-08 | by ( David Goldman | ) edition.cnn.com   time to read: +1 min
New York CNN —JPMorgan Chase sued former executive James Edward “Jes” Staley, who was largely responsible for JPMorgan’s 15-year financial relationship with disgraced financier Jeffrey Epstein. By suing Staley, JPMorgan brings its former executive and former Barclays CEO into the court case as a defendant. The US Virgin Islands’ suit did not name Staley as a defendant and he has not been charged criminally with any activities related to Epstein. If successful, JPMorgan’s maneuver could make Staley financially responsible if JPMorgan loses its case. Those email exchanges allegedly continued long after Epstein was convicted, the US Virgin Islands government wrote in its complaint.
☆ Happy Fed Year: What’s on deck for the central bank in 2023
  + stars: | 2022-12-30 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +6 min
Minneapolis CNN —America’s central bank found itself in a glaring spotlight for much of this past year, as Federal Reserve Chairman Jerome Powell wielded blunt tools of interest rate hikes and quantitative tightening to curb surging inflation. That means the Fed, with its “laser focus on the job market,” could be “continually hawkish” at the start of 2023, said Ross Mayfield, investment strategy analyst at Baird. “This latent strength in the job market could be the reason that the Fed over-tightens,” he told CNN. Jerome Powell, chairman of the US Federal Reserve, from right, Lael Brainard, vice chair of the board of governors for the Federal Reserve System, and John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a break at the Jackson Hole economic symposium in Moran, Wyoming, on Aug. 26, 2022. That’s 0.2 percentage points higher than the 4.4% rate they were expecting in September and significantly higher than the current 3.7% rate.
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