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☆ X, formerly known as Twitter, scraps political misinformation reporting feature
▼ + stars: | 2023-09-27 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —X, the social media company formerly known as Twitter, has scrapped a feature that lets users self-report political misinformation on the platform, a research group says, marking the latest safety-focused guardrail that X has rolled back since billionaire Elon Musk took the helm. “There now appears to be no channel to report electoral misinformation when discovered on your platform,” the letter from Reset Australia states. X users, notably, can still report content on the platform for violations in other categories — such as “Hate,” “Abuse & Harassment,” and “Violent Speech,” among other issues. The feature allowed users to report a post as “it’s misleading” when they encountered problematic political content. In January 2022, the company said it was expanding the misinformation reporting feature to more countries and users.

Persons: Elon Musk, Musk, Donald Trump, Kanye, X, — Organizations: CNN, Australia, United, Twitter, Kanye West Locations: Australia, South Korea

☆ OpenAI gives ChatGPT an update that allows it to hear, see, and speak like a human
▼ + stars: | 2023-09-25 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —You can now speak aloud to ChatGPT and hear the artificial intelligence-powered chatbot talk back. OpenAI, the startup behind the wildly-popular chatbot, announced Monday that it is rolling out new features including the ability to let users engage in a back-and-forth voice conversation with ChatGPT. The updates from OpenAI come amid an ongoing AI arms race within the tech sector, initially spurred by the public launch of ChatGPT late last year. Google last week announced a series of updates to its ChatGPT competitor Bard. Also last week, Amazon said it was bringing a generative AI-powered update to its Alexa voice assistant.

Persons: ChatGPT, OpenAI, Amazon’s Alexa, Siri, Larry, ”, Bard Organizations: CNN, Amazon’s, OpenAI, ChatGPT’s, Enterprise, Google

☆ It was a big week for interest rates. Here’s what you need to know
▼ + stars: | 2023-09-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Central bank officials around the world relayed a somewhat unified message this week to the global economy: Inflation is coming down, but the battle is far from won. Most held rates steady, taking a breather from a historic pace of interest rate hikes to stabilize skyrocketing prices. United States: The Federal Reserve in September paused interest rates for the second time after first hitting the brakes in June. The central bank has hiked rates 11 times since last March. While central banks took steps to pause interest rates this week, they kept future hikes on the table.

Persons: ”, Brian Henderson, Nate Thooft, TikTok, Nnete Matima, Catherine Thorbecke, Clare Duffy, TikTok’s, George Floyd, ” Matima, ByteDance, Matima, Anna Bahney, —, Read Organizations: CNN Business, Bell, CNN, Federal Reserve, Fed, BOK Financial, United, Bank of England, Swiss National Bank, Manulife Investment Management, National Association of Realtors, That’s, NAR Locations: United States, United Kingdom, Switzerland, TikTok, Northeast, Midwest, South

New York CNN —Nnete Matima said she was attracted to work at TikTok because of how the social media platform was “really built upon Black culture” and the work of Black creators. Matima is one of two Black former ByteDance employees who together filed a formal complaint with the US Equal Employment Opportunity Commission on Thursday. Their complaint asks the agency to investigate alleged racial discrimination and retaliation against Black workers at the social media giant. Shortly after starting his new role, Carter alleges, he discovered that he was being significantly underpaid compared to his colleagues. Joël Carter is one of two Black former TikTok employees who has filed a legal complaint against the company accusing it of racial discrimination and retaliation.

Persons: Nnete Matima, TikTok’s, George Floyd, ” Matima, ByteDance, Matima, Joël Carter, TikTok, Carter, Trump, “, ”, demoralizing ’ Carter, ” Carter, Joël Carter Carter, ’ ” Carter, Matima — Organizations: New, New York CNN, CNN, US, Employment, Black, America, TikTok Locations: New York, TikTok, New York City, Austin , Texas, China, Beijing, Washington , DC, Silicon Valley, Carter’s

☆ AI feature Dream Screen unveiled for Youtube Shorts
▼ + stars: | 2023-09-21 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +4 min

The video platform, under the Alphabet-Google umbrella, teased a new generative AI feature dubbed Dream Screen specifically for its short-form video arm and TikTok competitor, YouTube Shorts. Dream Screen is an experimental feature that lets creators add AI-generated video or image backgrounds to their vertical videos. YouTube's Dream Screen tool, which allows users to create AI-generated video or image backgrounds by typing an idea into a prompt. YouTubeTo use Dream Screen, creators can type their idea for a background as a prompt and the platform will do the rest. Chikin Chow currently boasts the title of the most-watched YouTube Shorts creator in the world.

Persons: ” Neal Mohan, Mohan, YouTube Alan Chikin Chow, Chikin Chow, ” Chikin Chow, Alan Chikin Chow, Beverly Hilton, Emma McIntyre, clark, Dick Clark, he’s, ” Organizations: CNN, YouTube, Beverly Locations: Los Angeles, ANGELES , CALIFORNIA, Los Angeles , California, Silicon Valley

☆ Square CEO Alyssa Henry is stepping down, and Jack Dorsey will take over for now
▼ + stars: | 2023-09-18 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +1 min

CNN —Alyssa Henry, the CEO of Square – a unit of Jack Dorsey’s fintech company, Block – will leave her post at the company next month. Henry, who has worked at Block for over nine years, will step down as chief executive of Square on October 2, according to a regulatory filing on Monday. Dorsey, whose current title is Block Head and Chairperson, will take on an additional role of “Square Head,” the filing added. Henry served in various roles at Square and has been effectively leading the company since 2015. Prior to Square, she held roles at Amazon Web Services and Microsoft.

Persons: Alyssa Henry, Jack Dorsey’s fintech, Henry, Dorsey, “ Organizations: CNN, “, Amazon Web Services, Microsoft

☆ iOS 17 release: See what’s new in iPhone features
▼ + stars: | 2023-09-18 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +5 min

iPhone users can update to iOS17 starting Monday by clicking on the Software Update section in the phone’s Settings app. Here are some of the buzziest and most-anticipated new features that iPhone users can expect from iOS17. This allows iPhone users to design a custom image that will show up when making calls. iPhone users will also be able to personalize their contact card “poster” with a photo or memoji of choice. iPhone users will also now receive predictive text recommendations in-line as they type, making adding entire words or completing sentences as easy as tapping the space bar.

Persons: iOS17, FaceTime, Facetime, Hey, Siri ”, “ Hey Siri, Siri, “, Shaquille O’Neal, “ Siri, Apple, Craig Federighi, TS6YzyXi30, Greg Joswiak Organizations: CNN, Conference, “ Locations: iOS17

An iPhone 14 Pro is seen with a Lightning cable (left) and a USB-C cable (right) on September 10 in Berlin, Germany. Christoph Dernbach/picture-alliance/dpa/APThe iPhone 15 is heavily rumored to ditch Apple’s proprietary Lightning charger in favor of USB-C charging, marking a milestone for the company by adopting universal charging. The change could ultimately streamline the charging process across various devices — and brands. It’s currently unclear if the shift to USB-C will happen for all new iPhone 15 models or only for Pro devices. Apple could also bypass wired charging altogether to make way for wireless charging but not anytime soon because “wireless charging is currently so much slower than wired,” according to David McQueen, a director at ABI Research.

Persons: Christoph Dernbach, Thomas Husson, ” Wood, David McQueen, “, ” Organizations: It’s, Forrester Research, Apple, ABI Research Locations: Berlin, Germany

☆ Threads is temporarily blocking searches about Covid-19
▼ + stars: | 2023-09-11 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Threads, the much-hyped social media app from Facebook-parent Meta, is taking heat for blocking searches for “coronavirus,” “Covid,” and other pandemic-related queries. News of Threads blocking searches related to the coronavirus was first reported by The Washington Post. A Meta spokesperson told CNN that the company just began rolling out keyword search for Threads to additional countries last week. Meta’s Facebook and other social media platforms faced controversy in the early part of the pandemic for the apparent spread of Covid-19-related misinformation online. Threads released its much-requested web version late last month, and its keyword search about a week ago.

Persons: “, ”, Meta, – CNN’s Clare Duffy Organizations: CNN, Facebook, The Washington Post, Meta, Twitter Locations: United States, Covid

☆ Tesla shares jump after Morgan Stanley predicts Dojo supercomputer could drive
▼ + stars: | 2023-09-11 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

New York CNN —Tesla’s Dojo supercomputer could fuel a $500 billion jump in the electric vehicle maker’s market value, analysts at Morgan Stanley said in a note Monday. Shares of Tesla jumped more than 6% during early trading Monday morning, on the heels of the rosy prediction from Morgan Stanley’s team about the automaker’s supercomputing efforts. The Morgan Stanley team, lead by longtime Tesla analyst Adam Jonas, predicted that the massive drive in value could come from Dojo potentially unlocking new revenue streams through the wider adoption of robotaxis and software services. The analysts compared the potential of Dojo at Tesla to the “same forces that have driven” Amazon Web Services to propel Amazon’s profitability to new heights. The world’s most valuable carmaker had a market cap of some $788.74 billion as of the market close on Friday.

Persons: New York CNN —, Morgan Stanley, Tesla, Morgan Stanley’s, Adam Jonas Organizations: New, New York CNN, supercomputing, Tesla, Services, Investors, Dojo Locations: New York

☆ Hurricanes could drive gas prices, and inflation, higher
▼ + stars: | 2023-08-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

That’s potentially bad news for gas prices. What’s happening: Gas prices are already at $3.82 a gallon. Geopolitical tensions have been supporting high oil and gas prices for some time. In 2005, for example, gas prices surged by 46% between Memorial Day and Labor Day because of the landfall of Hurricane Katrina, according to Bespoke. “Energy prices have been a major contributor to persistently high inflation in the US, so the crude oil price will remain a watch-out factor for future inflation.”High oil and gas prices are one of the largest contributing factors to inflation.

Persons: “ Idalia, ”, Louis Navellier, Andrew Woods, OpenAI, Catherine Thorbecke, Estee Lauder, CNN’s Gregory Wallace Organizations: CNN Business, Bell, New York CNN, Labor, Nasdaq Advisory Services Energy Team, Navellier, Investment, Citigroup, Day, Federal Reserve, “, Exxon Mobil, BP, Chevron, Fortune, CNN, The New York Times, Reuters, Disney, Bloomberg, The Washington Post, ABC News, ESPN, American Airlines, Airlines, Department of Transportation, Fort Worth Locations: New York, Florida, China, Russia, Saudi Arabia, Ukraine, The, Texas, Dallas, American

☆ AI tools make things up a lot, and that’s a huge problem
▼ + stars: | 2023-08-29 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

But as more people turn to this buzzy technology for things like homework help, workplace research, or health inquiries, one of its biggest pitfalls is becoming increasingly apparent: AI models often just make things up. Researchers have come to refer to this tendency of AI models to spew inaccurate information as “hallucinations,” or even “confabulations,” as Meta’s AI chief said in a tweet. A number of high-profile hallucinations from AI tools have already made headlines. Cracking down on AI hallucinations, however, could limit AI tools’ ability to help people with more creative endeavors — like users that are asking ChatGPT to write poetry or song lyrics. How to prevent or fix AI hallucinations is a “point of active research,” Venkatasubramanian said, but at present is very complicated.

Persons: Suresh Venkatasubramanian, Venkatasubramanian, ”, ” Venkatasubramanian, West, Bard, James Webb, ChatGPT, they’re, ” West, Google’s Bard, OpenAI’s ChatGPT, Sundar Pichai, Pichai, “, Sam Altman, OpenAI Organizations: CNN, Brown University, ” Companies, University of Washington, Center, Google, James Webb Space Telescope, New, CNET, CBS, Indraprastha, of Information Technology Locations: United States, New York, Delhi

☆ OpenAI launches ChatGPT Enterprise for
▼ + stars: | 2023-08-28 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

OpenAI unveiled the new service, dubbed “ChatGPT Enterprise,” in a company blog post and said it will be available to business clients for purchase as of Monday. Before the launch of ChatGPT Enterprise, a number of prominent companies including JPMorgan Chase had implemented temporary restrictions on workplace use of ChatGPT. ChatGPT Enterprise, however, addresses one of the core issues that led to the workplace clampdowns: privacy and security concerns. OpenAI’s announcement blog post for ChatGPT Enterprise, meanwhile, states that it does “not train on your business data or conversations, and our models don’t learn from your usage.”OpenAI did not publicly disclose the pricing levels for ChatGPT Enterprise, instead asking potential business clients to contact its sales team. “We look forward to sharing an even more detailed roadmap with prospective customers and continuing to evolve ChatGPT Enterprise based on your feedback,” the company said.

Persons: OpenAI, JPMorgan Chase, “ We’re onboarding, ”, It’s Organizations: CNN, ChatGPT Enterprise, Companies, Fortune, ChatGPT, JPMorgan, Microsoft, Bing Locations: America, ChatGPT, OpenAI

☆ Many Maui restaurants were destroyed in the fires. For those that survived, their future remains uncertain
▼ + stars: | 2023-08-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

An aerial view of destruction on Front Street on August 11, 2023 in Lahaina, Hawaii. In Lahaina, a historic area and popular tourist destination that was hit particularly hard by the fires, restaurants are big business. Restaurants are an important part of the tourism sector, which is responsible for 75% of all private-sector jobs in Maui. Their restaurants survived, but their future is uncertain. In Kula, about an hour’s drive from Lahaina, fires damaged the Kula Sandalwoods Inn & Cafe, which has been in Monica Loui’s family for decades.

Persons: Qiana Di, Di Bari, ”, Di Bari’s, Pepe, …, Di, ” Di Bari, Justin Sullivan, Baris, Sheryl Matsuoka, They’re, Javier Barberi, Barberi, Robert Gauthier, Barberi couldn’t, Hana Hou, “, it’s, Monica Loui’s, you’re, ” Loui, she’s, Caleb Hopkins, We’re, Hopkins, he’s, “ We’re, Hou Hospitality, Josh Green’s, Hawaii Josh Green, Rick Bowmer, Barry Allison, Kihei, we’ve, —, Catherine Thorbecke Organizations: New, New York CNN, Bureau of Labor Statistics, Hawaii Restaurant Association, Los Angeles Times, Hawaii Gov, FEMA, ” Locations: New York, Maui, Qiana Di Bari, Lahaina, Italian, Di Bari, Lahaina , Hawaii, United States, Kahului, “, Kula, Loui’s, GoFundMe, Hawaii

☆ Justin Trudeau blasts Facebook for blocking news as Canada’s wildfires rage
▼ + stars: | 2023-08-21 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

CNN —Canadian Prime Minister Justin Trudeau blasted Facebook for “putting corporate profits ahead of people’s safety” as the social media platform continues to block news content while wildfires rage in Canada’s Northwest Territories and British Columbia. Also on Monday, Trudeau described the devastation wrought by the wildfires as “apocalyptic” and praised Canadians for stepping up to support evacuees. The Canadian legislation, known as Bill C-18 or the Online News Act, was given final approval in June. During his remarks Monday, Trudeau said Facebook’s move to block news content is “bad for democracy” in the long run. “But right now, in an emergency situation, where up-to-date local information is more important than ever, Facebook’s putting corporate profits ahead of people’s safety,” Trudeau said.

Persons: Justin Trudeau, ” Trudeau, Trudeau, Meta, “, Bill C, Facebook’s, Brian Fung Organizations: CNN, Canadian, Facebook, Northwest Locations: Canada’s Northwest Territories, British Columbia, Northwest Territories, Canada, Yellowknife, Kelowna

☆ Fears of predatory land grabs mount in the ashes of Maui, opening old wounds
▼ + stars: | 2023-08-17 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

CNN —The threat of predatory outsiders swooping in to buy up property under the ashes of Maui is sparking outrage and opening old wounds for locals. “And every time there’s a crisis, it accelerates.”Homes consumed in recent wildfires are seen in Lahaina, Hawaii, Wednesday, Aug. 16, 2023. Jae C. Hong/APA week after wildfires razed through west Maui, killing more than a hundred people and displacing thousands, locals are grieving and rallying together to take care of those who lost everything. It’s through these community-based efforts, Ing said, that the people of Maui will best find a way to equitably rebuild. An offering of flowers is left on the ground following the Maui fires in Lahaina, West Maui, Hawaii, August 16, 2023.

Persons: ”, Kaniela Ing, Jae C, insurrectionists, Queen Lili’uokalani, Sterling Higa, ” Higa, Justin Sullivan, Josh Green, don’t, he’s, ” Green, we’re, wrongdoers, ” Mana Moriarty, Ing, ” Ing, kanaka, Yuki Iwamura, Green, Higa, ” “, GoFundMe, “, “ That’s, it’s Organizations: CNN, Homes, Housing, “, Hawaii’s Department of Commerce, Consumer Affairs, Consumer, Green New Deal, Getty Locations: Maui, Hawaiian, Lahaina , Hawaii, American, Kingdom of Hawaii, United States, Lahaina, Hawaii, Lahaina , West Maui, AFP

☆ What do ‘Big Short’ Michael Burry and Warren Buffett know that we don’t?
▼ + stars: | 2023-08-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, also made a gigantic bet last quarter on a Wall Street crash. Bank of America released its August global fund manager survey on Tuesday and found that money managers are feeling the least pessimistic about markets since February 2022. So what do Buffett and Burry know that the rest of us don’t? Russia and Ukraine: Global inflation is finally coming down, but heightened geopolitical tensions threaten to raise food and oil prices across the globe. Russia’s invasion of Ukraine continues to stoke fears of increased commodity prices, global economic instability and uncertainty around security.

Persons: Warren, Berkshire Hathaway, That’s, Michael Burry, Buffett, Jamie Dimon, JPMorgan Chase, hasn’t, Fitch, ”, Gregory Daco, Catherine Thorbecke, Catherine Organizations: CNN Business, Bell, New York CNN, Nasdaq, Federal Reserve, Securities, Exchange, Scion Asset Management, Bank of America, Traders, National Bureau of Statistics, JPMorgan, CNBC, Bank, First Republic Bank, Huntington Bank, PacWest, Western Alliance, Commerce Department Locations: New York, China, Ukraine, Russia, stoke, Huntington, Lahaina , Hawaii, Lahaina, Las Vegas, Maui

☆ Tourists lost their summer vacations. Maui’s locals lost everything
▼ + stars: | 2023-08-15 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

In an aerial view, homes and businesses are seen that were destroyed by a wildfire on August 11, 2023 in Lahaina, Hawaii. In an aerial view, homes and businesses are seen that were destroyed by a wildfire on August 11, 2023 in Lahaina, Hawaii. CNN Business Writer Catherine Thorbecke (center) with her late grandparents in Lahaina, Hawaii, circa 2013. People looking down to downtown Lahaina from Lahaina Bypass in Lahaina, Hawaii on August 13, 2023. A woman digs through rubble of a home destroyed by a wildfire on Friday, Aug. 11, 2023, in Lahaina, Hawaii.

Persons: Rick Avila, ”, –, ” Avila, Avila, Justin Sullivan, Mike Cicchino, “, Cicchino, Catherine Thorbecke, Josh Green’s, Mengshin Lin, ALICE, Rick Bowmer, it’s, ” Gionson, “ It’s Organizations: CNN, Lahaina, ”, Washington Post, “, Aloha United Way, Bank of Hawaii, Hawaii’s Department of Commerce, Consumer Affairs, Hawaii Tourism Authority Locations: Lahaina , Hawaii, Lahaina, Maui, Kingdom of Hawaii, Okinawa, Japan, Hawaii, Maui County, Las Vegas, Oahu, –

☆ New tools aim to protect art and images from AI's grasp
▼ + stars: | 2023-08-12 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +9 min

Some researchers, however, are now fighting back and developing new ways to protect people’s photos and images from AI’s grasp. The prototype, dubbed PhotoGuard, puts an invisible “immunization” over images that stops AI models from being able to manipulate the picture. The aim of PhotoGuard is to protect photos that people upload online from “malicious manipulation by AI models,” Salman said. But he said he hopes that with more engineering efforts, the prototype can be turned into a larger product that can be used to protect images. While generative AI tools “allow us to do amazing stuff, it comes with huge risks,” Salman said.

Persons: Eveline, ”, Fröhlich, “ We’ve, Glaze, ” Fröhlich, “, AI’s overreach, Pope dripped, Vincent Van Gogh, they’re, it’s, Ben Zhao, ” Zhao, Zhao’s, Jon Lam, Lam, Jon Lam “, ” Lam, Zhao, ‘, ” Hadi Salman, ” Salman, Salman, Trevor Noah, MIT CSAIL, Noah Organizations: CNN, University of Chicago, Massachusetts Institute of Technology, MIT, PhotoGuard Locations: Stuttgart, Germany, California

☆ Not everyone is convinced the US will avoid a recession
▼ + stars: | 2023-08-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

New York CNN —The case for no US recession is building, but some on Wall Street are cautioning against getting overconfident. That has raised hopes among investors that the United States could avoid a recession despite the Federal Reserve’s aggressive pace of interest rate hikes. Still, some investors are maintaining that the US economy could tip into a recession later this year. The index of leading economic indicators is just kind of at an extreme rating. One of the reasons for the rise in equity valuations in recent weeks was the pricing out of recession or economic weakness.

Persons: Michael Gapen, Michael Feroli, ”, Bell, David Donabedian, we’ve, There’s, Catherine Thorbecke, Danielle Romain, Romain, Read, Uno Mattel, Uno Quatro, Ellie Stevens, “ We’re, Ray Adler Organizations: CNN Business, Bell, New York CNN, Bank of America, ” Bank of America, JPMorgan Chase’s, CIBC Private Wealth, Fitch, Google, Trust, Mattel, Uno Locations: New York, United States, New York City

☆ Google update lets users remove contact info, explicit images from search
▼ + stars: | 2023-08-04 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Google unveiled new privacy updates this week that lets US users have a wee bit more control over the search results that pop up about themselves online. “Then, you can quickly request the removal of those results from Google — right in the tool,” Danielle Romain, the vice president of Trust at Google, said in a blog post Thursday. “More broadly, whether it’s for websites containing personal information, explicit imagery or any other removal requests, we’ve updated and simplified the forms you use to submit requests,” Romain said Thursday. “Of course, removing content from Google Search does not remove it from the web or other search engines, but we hope these changes give you more control over private information appearing in Google Search,” she added. The privacy updates unveiled by Google this week, however, notably lack any mention of the latest privacy battleground in Big Tech: generative AI.

Persons: Danielle Romain, Romain, ” Romain Organizations: CNN, Google, Trust, EU, Big Locations: EU, Big Tech

☆ Apple’s sales fall for the third consecutive quarter
▼ + stars: | 2023-08-03 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

The company said its services revenue reached a new all-time high of $21.2 billion. The services business — which includes Apple Music and Apple TV+ — is an increasingly important revenue driver for Apple. iPhone revenue came in at $39.7 billion for the quarter, marking an approximately 2% year-over-year decline. Mac revenue was $6.8 billion for the quarter, a 7% drop, and iPad revenue was down nearly 20%. Apple’s June quarter is typically the slowest of the year for the tech giant, which usually unveils new iPhone models in September.

Persons: CNN — Apple, Tim Cook, ” Cook, Cook, “, we’ll, Apple’s, ” Jesse Cohen, Luca Maestri Organizations: CNN, Apple Music, Apple, Air, Services, Global, Gartner, IDC

☆ Amazon Clinic rolls out nationwide as e-commerce giant expands its health care footprint
▼ + stars: | 2023-08-01 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

Amazon Clinic launched last November and offers customers 24/7 access to third-party health-care providers directly on Amazon’s website and mobile app. Amazon Clinic currently does not accept insurance, but medication prescribed by clinicians may be covered by insurance. Amazon’s foray into the health care space comes as other retailers have made similar moves, from CVS to Walgreens to Walmart. From AmazonIn recent years, Amazon has gradually been growing its footprint in the health care sector. Earlier this year, Amazon also closed its acquisition of health care provider One Medical in a $3.9 billion deal.

Persons: ”, Nworah Ayogu, Ayogu, Berkshire Hathaway Organizations: New, New York CNN, D.C, Amazon Clinic, CVS, Walgreens, Walmart, Amazon, Amazon Pharmacy, JPMorgan Chase Locations: New York, Washington

☆ Uber’s post-pandemic growth is slowing
▼ + stars: | 2023-08-01 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +1 min

New York CNN —Uber has reported that its revenue ticked up 14% last quarter, marking a slower pace of growth than recent quarters when sales surged as riders returned to pre-pandemic habits. The company on Tuesday reported revenue of $9.2 billion for the quarter ending in June, a 14% increase from the same period last year, just missing Wall Street’s estimates. The company, reported its first-ever unadjusted operating profit, of $326 million. Trips during the quarter grew 22% to 2.3 billion, or approximately 25 million trips per day on average. “Robust demand, new growth initiatives, and continued cost discipline resulted in an excellent quarter,” Uber CEO Dara Khosrowshahi said in a statement accompanying the results.

Persons: New York CNN — Uber, Uber, ” Uber, Dara Khosrowshahi, ” Khosrowshahi Organizations: New, New York CNN Locations: New York

☆ The case for a soft landing is slowly but surely building
▼ + stars: | 2023-07-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

It’s not difficult to see why – economic data released this past week points to a cooling but still strong economy. Still, it’s far too soon to assume that a soft landing is in the bag. There’s more economic data slated for release this coming week, and the US labor market is in focus. The Bureau of Labor Statistics’ latest jobs report is due Friday. Friday: Jobs report for July.

Persons: Jerome Powell, ” Powell, ”, Jeffrey Roach, WhatsApp, Catherine Thorbecke WhatsApp, Read, Kraft Heinz, Yum, Kellogg, Jobs Organizations: CNN Business, Bell, CNN, Federal Reserve, Fed, Commerce Department, LPL, Bureau of Labor Statistics, Labor, Survey, ADP, Labor Statistics ’, Community Bank, Caterpillar, Pfizer, Uber, Marriott, Starbucks, PayPal, CVS, Kraft, Brands, DoorDash, Apple, ConocoPhillips, Booking Holdings, Warner Bros

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