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Soda is making a comeback
  + stars: | 2024-11-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +8 min
Cans of Dr Pepper soda are displayed on June 3, 2024 in San Anselmo, California. While consumers are drinking more Coke, Coke Zero, Dr Pepper and Canada Dry, Pepsi’s soda sales are struggling. ‘Diet Coke Break’“Dirty soda,” a popular TikTok trend that combines soda with syrup and cream, has also driven interest in soda brands among younger consumers interested in creating their own soda concoctions. TikTok has also recently become filled with “Dirty Diet Coke,” “Crispy Diet Coke” and “DietCokeBreak” recipe videos where people leave cans of Diet Coke in the fridge for weeks and then pour them into a glass, sometimes with citrus powder, to get the most fizziness. Singer Dua Lipa gave Coke its latest viral hit this month when she posted a video sharing her Diet Coke recipe, which combines Diet Coke, pickle juice and jalapeño sauce.
Persons: guzzling Coke, Dr Pepper, It’s, , Robert Ottenstein, “ There’s, Coke, Pepper, Justin Sullivan, ” Timothy Cofer, Duane Stanford, Noam Galai, Laura Schmidt, Pepper’s, Cofer, Angus Mordant, Singer Dua Lipa, Gordon Ramsay, ” Kristen Hollingshaus, , Diet Coke, CNN’s Ramishah Maruf Organizations: New, New York CNN, Consumers, Heineken, ISI, Centers for Disease Control, Evercore ISI, World Health Organization, Bureau of Labor Statistics, Companies, Pepsi, Beverage Digest, New York, Wine, Food Festival, Stanford, University of California, PepsiCo Inc, Bloomberg, Getty, PepsiCo, Gatorade, Netflix, Dirty, Singer Dua, Coke, CNN, Diet Locations: New York, San Anselmo , California, America, Canada, Latham , New York, United States, TikTok
New York CNN —The last three years have upended everything about the way we expect the economy to work. But the pandemic-era inflationary period played out unlike any other in history, and wealthy people made out like bandits. And that may be because the only real inflation we’ve seen in decades was a multi-year profit bonanza for them. And that has provided a permission structure for some wealthy Trump supporters to shrug their shoulders at his inflationary economic agenda. But it won’t be the same flavor of profit-driven inflation we’ve seen over the past three years.
Persons: CNN Business ’, That’s, Donald Trump’s, “ It’s, , Kent Smetters, , we’ve, ” It’s, He’s, Harris, Josh Bivens, Bivens, ” Bivens Organizations: CNN Business, New York CNN, Wall, University of Pennsylvania’s Wharton School, Trump, Wall Street Journal Locations: New York, Ukraine
New York CNN —Apple CEO Tim Cook said the company’s Apple Intelligence AI tools would “supercharge” the iPhone 16 when he introduced the new device last month. Now the world is about to get its first glimpse of whether the promise of Apple’s artificial intelligence technology is also supercharging deflated iPhone sales. That means people who bought the iPhone 16 in the first month it was on sale didn’t have access to those AI features until just recently. That figure will include sales of earlier iPhone models that happened during the quarter, too, but could indicate that the iPhone 16 helped raise sales slightly. In the year-ago quarter, when the iPhone 15 launched, iPhone sales grew about 2.8% year-over-year.
Persons: Tim Cook, supercharge, Wall, , Angelo Zino, Dan Ives Organizations: New, New York CNN, Apple, Apple Intelligence, Wall, CFRA Locations: New York, China
A zero percent inflation target might be popular, but it would represent a sharp departure – one that mainstream economists warn would backfire. “Stable inflation is an oxymoron because it means it’s not stable,” Shelton told CNN in a recent interview. In fact, one reason the Fed set its inflation target at 2% is because it’s safely away from that deflation-danger zone. A zero inflation target would mean a path right on the edge. But even some of Shelton’s biggest fans are opposed to her embrace of a zero-inflation target.
Persons: Judy Shelton, Donald Trump, It’s, ” Shelton, Shelton, Trump, , Mark Zandi, Zandi, Justin Wolfers, Kamala Harris, it’s, Wolfers, Bill English, , ” Trump, Stephen Moore, Jerome Powell, Moore, Powell, Kevin Hassett, Reagan, Arthur Laffer, ” Moore, CNN’s KFile, CNN he’s, he’d, Elon, , haven’t, James Grant Organizations: New, New York CNN, Federal Reserve, Fed, CNN, Federal Reserve Board, Moody’s, University of Michigan, Yale University, Heritage Foundation, Trump White House, Trump Locations: New York
But they may ditch their argument Friday morning, when the October jobs report is set to be released — just days before Election Day. Groshen disagreed, saying that initial estimates of the monthly change in hiring are “noisier than they used to be” because of the lower response. However, that gets smoothed out in later revisions as response rates improve with the additional time. That exacerbates the funding shortfall at the BLS, where inflation-adjusted funding has steadily declined over the past decade, she said. That would help improve, for instance, Federal Reserve officials’ ability to make interest rate decisions that hinge on the latest labor market data, Groshen told CNN.
Persons: Donald Trump, Hurricanes Helene, Milton, Republican Sen, Marco Rubio, , Harris, ” Rubio, Rubio, Erica Groshen, Trump, Karoline Leavitt, Kamala Harris “, Laura Kelter, Groshen, Organizations: New, New York CNN, Bureau of Labor Statistics, BLS, Hurricanes, Republican, Biden, Trump, Cornell University School of Industrial and Labor Relations, Department of Labor, Census Bureau, Management, CNN, Biden Administration, Employment, Federal Locations: New York, Florida, America
New York CNN —After a ridiculous spike over the past five weeks that had absolutely nothing to do with the company’s actual business, former President Donald Trump’s social media stock is suffering a sudden setback. Truth Social owner Trump Media & Technology Group’s share price plunged about 20% on Wednesday afternoon. If Trump Media finishes with a loss of more than 21%, it would qualify as its worst one-day loss since going public in March. Trump Media did not release any major news that would explain the nosedive. Trump Media’s stock has been extraordinarily volatile all year.
Persons: Donald Trump’s, It’s, , ” Dan Ives, ” Matthew Tuttle, Wednesday’s selloff, ” Tuttle Organizations: New, New York CNN, Social, Trump Media & Technology, Trump Media, Trump, White, Elon Musk, CNN, CBS, Paramount Global, GameStop, Wedbush Securities, Tuttle Capital Management Locations: New York
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 number did not take into account any new subscribers the Post may have added since Friday or any subscribers who have since re-subscribed, the paper reported. The Post reported it began seeing a surge in cancelations within hours of the announcement. “I wish we had made the change earlier than we did, in a moment further from the election and the emotions around it,” Bezos wrote. Instead, Bezos framed his decision to end presidential endorsements as one designed to regain the trust of readers.
Persons: Will Lewis, Lewis, Marty Baron, “ craven, Jeff Bezos, Trump, Harris, Bezos, — Bezos, Donald Trump, , ” Bezos, Organizations: New, New York CNN, Washington Post, Post, NPR, CNN, Blue Origin Locations: New York, cancelations, , Texas
New York CNN —The Washington Post, Los Angeles Times and USA Today may have declined to endorse a candidate in this year’s presidential election. “The Washington Post and Los Angeles Times, and all these papers. “Washington [Post] and USA Today, congratulations. A Washington Post spokesperson referred CNN to Lewis’ statement from last week. In the wake of the non-endorsements, more than 250,000 Post readers have canceled their subscriptions, while the Times reported more than 7,000 subscribers canceled for “editorial reasons.”CNN’s Kate Sullivan contributed reporting.
Persons: Donald Trump doesn’t, Trump, They’re, , , we’re, Kamala Harris, Will Lewis, Lewis, Harris, Jeff Bezos, Patrick Soon, Bezos, ” CNN’s Kate Sullivan Organizations: New, New York CNN, Washington Post, Los Angeles Times, USA, Leadership, Times, Trump, CNN Locations: New York, North Carolina, “ Washington
New York CNN —“Jump ball.” “Coin flip.” “Toss up.” “Dead heat.” “Deadlocked.” On TV and online, political analysts are running out of ways to say the presidential race is effectively tied. As CNN’s Dana Bash said on “Inside Politics” Tuesday, “this race could not be closer.”In this final week of the campaign, the most important thing for the news media to communicate is uncertainty. On the right, former President Donald Trump and many of his right-wing media allies are expressing unbridled confidence that the Republican is going to win next week. “I spend more hours figuring out ways to say this race is close than New Yorkers spend in traffic,” Enten quipped. Even after all the polls are closed, there may still be uncertainty about the outcome since different states tabulate votes in different ways.
Persons: , ” “, CNN’s Dana Bash, Rick Klein, Donald Trump, Laura Ingraham, Jesse Watters, Trump, Matt Lewis, Donie O’Sullivan, , Kamala Harris, they’re, Michelle Obama, Harry Enten, ” Enten, Enten, Harris, “ I’ve, ” Anthony Salvanto, ” Salvanto Organizations: New, New York CNN, , ABC News Washington, CNN, Republican, Fox News, Trump, MSNBC, Fox, Journalists, CBS News Locations: New York, “ MAGA, New
America is obsessed with Chili’s
  + stars: | 2024-10-30 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —People apparently can’t get enough of the Big Smasher burger, $6 margaritas and Triple Dipper combination platters at Chili’s. The meal deal is now 11% of Chili’s business, with sales soaring 70% over the last year. The Triple Dipper is “very relevant with younger guests and how they prefer to eat with more variety, customization and experiential flavors through our wide variety of dips,” Hochman said. The Triple Dipper is a staple on TikTok, with customers filming their combinations and raving about it. Meanwhile, McDonald’s was seeing its fortunes recover because of the $5 meal deal, but its momentum was stunted because of an E. coli outbreak.
Persons: , Brinker, Kevin Hochman, Chili’s, , Hochman, Don Julio, margarita, McDonald’s Organizations: New, New York CNN, Triple, Brinker Locations: New York, Chili’s, Placer.ai, United States
Starting next week, Starbucks customers will no longer pay more for adding non-dairy milk to their orders. The company said the removal of the non-dairy milk surcharge means customers who request it will pay around 10% less than they did previously. Orders with milk substitutions have proliferated at Starbucks in recent years, alongside non-dairy alternatives in grocery stores. Non-dairy milk has become the second most common order modification at Starbucks, behind adding a shot of espresso. Starbucks is scaling back promotional offers through its mobile app to get customers to pay full price for its coffees and teas.
Persons: Brian Niccol, ” Niccol, it’s, Niccol Organizations: New, New York CNN, Starbucks, Locations: New York, Canada
There’s nothing subtle about the Trump agenda. And there is a real fear that the Trump agenda could do more harm than good – especially on the inflation front. They point to study after study that finds Americans have borne almost the entire cost of Trump’s tariffs on Chinese products. And that estimate does not even include almost-definite retaliation from other nations who would respond to Trump tariffs with ones of their own. Harris has called for only partially extending the 2017 Trump tax cuts.
Persons: Kamala Harris, Donald Trump’s, Harris, Trump, Oprah, “ Trump, Joe Brusuelas, , That’s, Donald Trump, ” Trump, there’s, ” Kimberly Clausing, nonresident, Joe Biden, Trump’s, Organizations: New, New York CNN, RSM, CNN, Trump, Federal, Wall Street Journal, Peterson Institute for International Economics, Biden, Federal Reserve, Peterson Institute, Social Security, NBC Locations: New York, China, Mexico
Globally: The International Association for Suicide Prevention and Befrienders Worldwide have contact information for crisis centers around the world. Garcia believes Character.AI is responsible for the death of her 14-year-old son, Sewell Setzer III, who died by suicide in February, according to a lawsuit she filed against the company last week. When Garcia first heard he was interacting with an AI chatbot, she said she thought it was something like a video game. However, within months of starting to use the platform, Setzer became “noticeably withdrawn, spent more and more time alone in his bedroom, and began suffering from low self-esteem. “There were no suicide pop-up boxes that said, ‘If you need help, please call the suicide crisis hotline.’ None of that,” she said.
Persons: Megan Garcia, Garcia, Character.AI, Sewell Setzer III, Setzer, , ” Garcia, ” –, Character.AI's chatbots, chatbot Setzer, she, ” “, , Gabby Jones, I’m, That’s, ” Setzer, Matthew Bergman, Bergman, Sewell, Noam Shazeer, Daniel De Freitas, weren’t Organizations: New, New York CNN, International Association for Suicide Prevention, Befrienders, CNN, Trust, Safety, Prevention, Junior Varsity, Bloomberg, Getty, Character.AI, Social Media, Law Center, Meta, Google, Apple Locations: New York, Florida, Brooklyn , New York
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. The newspapers aren’t alone in declining to publish presidential endorsement in the 2024 race. “Until now.”In 2020, USA Today again broke with its own tradition, this time offering its first full-throated endorsement for Joe Biden’s candidacy. David Mastio, who was part of the USA Today opinion team that published the 2020 endorsement of Biden, called the decision deeply disappointing. “I am deeply disappointed that USA TODAY has lost its voice at this critical time for our country.”
Persons: New York CNN —, Gannett, , Lark, Marie Antón, Kristin Roberts, Roberts, Gannett Media newsrooms, ” Antón, Kamala Harris, Donald Trump “, Hillary Clinton ”, , ” “ We’ve, Joe Biden’s, Ronald Reagan, David Mastio, Biden, ” Mastio Organizations: New, New York CNN, New York CNN — Gannett, USA, USA Today Network, ” Gannett, CNN, Gannett Media, USA Today, Gannett, The Arizona Republic, Detroit Free Press, Los Angeles Times, The Washington Locations: New York, USA,
While dozens of American business leaders — your Reeds Hoffman, your Marks Cuban, etc. “I was very grateful … for his willingness to stand up to the pressure from Donald Trump in 2015 … until now. That’s why 88 business leaders last month endorsed Harris. On the other hand, a little back-channeling and olive-branch-extending could give business leaders and their companies some goodwill in an administration helmed by a notoriously impulsive, vengeful leader. In a business world that craves certainty and economic stability, executives may be telling themselves that their silence is purely a business decision.
Persons: CNN Business ’, New York CNN —, Donald Trump, didn’t, Hoffman, Marks, Kamala Harris, Jeff Bezos, Trump, Marty Baron, Patrick Soon, Harris, Baron, CNN’s Michael Smerconish, Bezos “, Bezos, , Elon Musk, “ Trump, ” Baron, NPR’s David Folkenflik, Steve Contorno, Alayna Treene, Tim Cook, Sundar Pichai, Andy Jassy, Mark Zuckerberg, it’s Organizations: CNN Business, New York CNN, Democratic, The Washington Post, Republican, Los Angeles Times, Saturday, SpaceX, Washington, LA Times, Apple, Trump, European Union, Las, Google, Amazon, CNN, Meta, White Locations: New York, Amazon, Las Vegas, Pennsylvania
It’s a crucial trend that undercuts one of the biggest arguments Republicans have used to hammer Democrats over the cost of living. Although gas prices are down and the rate of inflation has cooled sharply, consumers are still hurting from years of price hikes. After Russia invaded Ukraine, oil prices skyrocketed due to fears of massive supply disruptions. Drivers rolling up to gas stations in some battleground states are enjoying significant price drops, including Nevada (79 cents cheaper than a year ago), Arizona (78 cents cheaper), Pennsylvania (36 cents cheaper) and Wisconsin (32 cents cheaper). But for now the markets appear to be bracing for muted prices, a situation that should keep a lid on gas prices.
Persons: Harris, ” Patrick De Haan, It’s, we’re, , De Haan, Donald Trump, Kamala Harris, Biden, Trump, Tom Kloza, Kloza, Brent, Organizations: New, New York CNN, Biden, CNN, AAA, Drivers, Iran, Oil Price Information Service, Citigroup, ClearView Energy Partners Locations: New York, Nevada, Arizona, Russia, Ukraine, Pennsylvania, Wisconsin, Israel, Iran, Persian, China, United States
New York CNN —Americans around the country avoided McDonald’s last week after an E. coli outbreak left dozens of people sick. On Wednesday, the day after the E. coli outbreak was announced, customer visits to McDonald’s dropped 6.4% across the country and 24% in Colorado, where the outbreak was most prevalent, according to Placer.ai, which tracks foot traffic to restaurants and retailers. “The issue appears to be contained to a particular ingredient and geography, and we remain very confident that any contaminated product related to this outbreak has been removed from our supply chain and is out of all McDonald’s restaurants,” McDonald’s said Sunday. The E. coli outbreak has overshadowed McDonald’s business and came as the chain was struggling to win back customers put off by higher prices. The quarter ended on September 30 and did not include sales following the announcement of the E. coli outbreak.
Persons: McDonald’s, ” McDonald’s, RJ Hottovy Organizations: New, New York CNN, Colorado Department of Agriculture, McDonald’s Locations: New York, Colorado, McDonald’s, United States
Angelo was paid by a Democratic political action committee for the post, a fact that’s clearly noted in the caption. Campaigning moves to social mediaIn 2024, political content posted by social media creators has become just as important as traditional celebrity endorsements — if not more. Together, the two organizations paid 15 social media creators to produce content encouraging Latinos to vote. Election advertisements are overseen by a different agency, the Federal Elections Commission, which lacks a similar disclosure rule for individuals who are paid to make endorsements on social media. Meta, the parent company of Facebook and Instagram, has since 2020 allowed paid political content from influencers, so long as the organization paying for it is registered in its ad library.
Persons: ” influencer Mikey Angelo, who’s, Angelo, they’ve, , they’re, , , Krysten Stein, Jake Paul, Donald Trump, Trump, ” Paul, Tim Walz, Matt Nelson, Walz, Nelson, Paul, Kamala Harris ’, Harris, “ It’s, Danielle Butterfield, Butterfield, ” Butterfield, Influencers, Trump’s, Axios, Jack Posobiec, Riley Gaines, Tana Mongeau, Mongeau, she’d, ” Mongeau, they’d, Mitchell Katz, Ellen Weintraub, Shana Broussard, George W, Bush, aren’t, TikTok, Somos, Ari Cohn, ” Cohn, Robert Weissman, ” Weissman, Cate Domino, Domino Organizations: New, New York CNN, Democratic, influencers, Commission, Pew Research Center, University of Cincinnati Blue Ash College, YouTube, Convention, USA, Somos, CNN, NCAA, Democratic National Committee, Republican National Committee, Federal Trade Commission, Federal Elections Commission, FEC, Facebook, Public Citizen Locations: New York, Trump
Hasan then asked Phillip, “Did your guest just say I should be killed on live TV?” Girdusky responded by falsely equating Hasan’s Palestinian support with the terrorist group Hamas. You know that,” Phillip told Girdusky. Girdusky said he apologized because he thought Hasan said he supported Hamas, a claim Philip and Hasan dismissed. After the show, Gurdusky posted on X, “Apparently you can’t go on CNN if you make a joke. “This joke does not reflect the views of President Trump or the campaign,” Trump campaign spokesperson Danielle Alvarez said in a statement to CNN.
Persons: New York CNN —, Abby Phillip, , Mehdi Hasan, Ryan Girdusky, , Hasan, Phillip, ” Girdusky, ” Phillip, Girdusky, Philip, It’s, Gurdusky, Donald Trump’s, Tony Hinchcliffe, Hinchcliffe, Trump, ” Trump, Danielle Alvarez Organizations: New, New York CNN, New York CNN — CNN, CNN, ” CNN, America, Madison Locations: New York, Lebanon, Israel, Puerto Rico
New York CNN —Starbucks is eliminating its controversial olive oil-infused drinks from the menu, less than a year after they made their nationwide debut. “Rather than a flavor or a product, it’s really a platform.”Oleato was the brainchild of former CEO Howard Schultz, who got the idea after meeting with an olive oil producer who introduced him to the practice of consuming a tablespoon of olive oil each day. A pair of reviewers posted a video titled “We Tried Starbucks Olive Oil Coffee Drinks and Seriously Regret It.” Others had mixed feelings , but concluded that the drinks seem more like a stunt — something worth trying but not necessarily worth coming back for. The Oleato menu consists of two drinks: an oat milk latte infused with the extra virgin olive oil; and a toffee nut iced shaken espresso with golden foam, which is vanilla sweet cream infused with extra virgin olive oil into a cold foam. Schultz was effusive about the launch, and it was one of his most high-profile projects before leaving his position.
Persons: Brian Niccol, nix, Niccol, we’ve, ” Brady Brewer, , Oleato, Howard Schultz, Schultz, Laxman Narasimhan, ” Narasimhan Organizations: New, New York CNN, Starbucks, CNN Locations: New York, Canada, Italy
How do I ask for time off to enter a Timothée Chalamet lookalike contest? Onlookers of the event yell at photographers to move out of the way so they can see the Timothée Chalamet lookalikes. Spencer DeLorenzo gets lifted in the crowd of Timothée Chalamet lookalikes, fans and police. When the real Timothée Chalamet made a surprise appearance, the energy intensified. And as much fun as it was to be Timothée Chalamet for an afternoon, I’m truly glad I’m Reed Putman.
Persons: New York CNN — We’d, , I’m, Reed Putnam, Laura Oliverio, , Willy Wonka, lookalikes, “ I’ve, Spencer DeLorenzo, Alondra Maldonado, CNN Reed Putnam, CNN Miles Mitchell, Stefan Jeremiah, Chalamet, he’d, Chanel, ProSieben, I’ll, I’m Reed Putman Organizations: New, New York CNN, CNN, State University of New, Washington, NYPD, Associated Press Locations: New York, , Manhattan, New York City, State University of New York Canton, SUNY, Toronto, Washington, German
New York CNN —Trump Media & Technology Group is losing money, generating very little revenue and its main product Truth Social remains a relatively small player in social media. And yet Wall Street is valuing former President Donald Trump’s social media company at nearly $8 billion, a price tag that has tripled in the span of just five weeks. Since plunging to record lows on September 23, Trump Media’s share price has skyrocketed. Trump Media’s share price saw a sharp decline in July after President Joe Biden ended his reelection bid. “If this were called Joe’s Media Company, we wouldn’t even be talking about it and it wouldn’t have a value anywhere close to this.
Persons: New York CNN —, Donald Trump’s, “ I’ve, ” Gene Munster, Munster, Trump, ” Munster, , it’s, ” Trump, George Kailas, ” Kailas, Kailas, “ There’s, Joe Biden, Kamala Harris, Harris, , Steve Sosnick, Sosnick, ” Sosnick, he’s Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Trump, White, Trump Media, Republican, Asset Management, CNN, Democratic, Interactive Brokers, Munster, , Joe’s Media Company Locations: New York, Munster, Trump’s
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 fix the machines — until now. The inability to make timely fixes has been a bane of the customers’ existence, so much so, that there’s a third-party website called McBroken.com that tracks their availability. Broken ice cream machines have been such a blemish on McDonald’s reputation that even competitors mock them for it. And perhaps a fix can’t come quick enough: Nearly 15% of ice cream machines are broken as of Monday, according to McBroken.
Persons: haven’t, Taylor, iFixIt, Meredith Rose, ” Rose, McDonald’s, Taylor didn’t Organizations: New, New York CNN, United States Copyright, Public Locations: New York
New York CNN —Rao’s Homemade, the fast-growing sauce brand that originated in its namesake Harlem restaurant, is perhaps getting its biggest national exposure to date: a float in the Macy’s Thanksgiving Day Parade. Alan Creveling, Rao’s vice president of marketing, told CNN that the brand’s awareness among consumers lags far behind its entrenched competitors. A rendering of Rao's float in the Macy’s Thanksgiving Day Parade. Courtesy Macy’s Thanksgiving Day Parade“We want people that are unfamiliar with the brand to then get familiar with the brand,” Creveling said. Designing and building the float is about a nine-month process and, as part of the deal with Macy’s, Rao’s float will be featured in the parade for the next three years.
Persons: Peacock, Alan Creveling, Creveling, , , Rao’s, ” Creveling, weren’t, Campbell’s, Andrea Hernández, you’re Organizations: New, New York CNN, Campbell’s, NBC, CNN, Apex Marketing Locations: New York, Harlem, Italian
Customers who allegedly withdrew money fraudulently from Chase Bank ATMs using an illegal scheme that blew up on TikTok over the summer could soon have to cut hefty checks back to the bank. These people were able to withdraw funds by writing checks to themselves and immediately withdrawing funds before the checks bounced. Normally, the bank follows the industry standard of making a portion of any check available to customers before the funds clear. However, a temporary glitch allowed customers to withdraw more substantial amounts than typically allowed before a check clears. One case in Houston involves a “masked man” who allegedly deposited a $335,000 check to a defendant’s account.
Persons: , Chase, ” Drew Pusateri, “ We’re, they’re, ” Pusateri, JPMorgan Chase Organizations: New, New York CNN, Chase Bank, JPMorgan, Chase, CNN Locations: New York, Houston, Texas, Florida, California
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