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☆ Abercrombie’s worst nightmare is back. But its customers have moved on
▼ + stars: | 2024-10-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

“We are a positive, inclusive brand, with a nice sensibility, very different from what they encountered in the past,” Fran Horowitz, now Abercrombie’s CEO, said in 2016. Today, Abercrombie’s stores are lighter than they once were and its clothes are looser. Abercrombie’s sales have grown and its stock has increased more than 400% since Jeffries stepped down as CEO. But retail analysts say that Abercrombie’s brand won’t be hurt by the indictment because of how much separation Abercrombie has been able to create from its former CEO. Older Abercrombie customers who remember the brand’s sexualized marketing have accepted Abercrombie’s rebrand, while a new generation of customers are too young to remember the old era.

Persons: Fitch, Mike Jeffries, Jeffries, Abercrombie, “, ” Fran Horowitz, Jeffries ’, ”, ” Jeffries, Fran, Marni Shapiro, Neil Saunders, Shapiro, Papa John’s, Shaq, John Schnatter, Chip Wilson, Wilson, Lululemon, CNN’s Brynn Gingras, Kara Scannell, John Towfighi Organizations: New, New York CNN, Abercrombie, Attorney, Eastern, of, XXL, Netflix, Fitch, Penske Media, GlobalData, CNN Locations: New York, Peace, U.S, of New York

☆ Denny’s is closing 150 restaurants
▼ + stars: | 2024-10-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Denny’s is closing 150 restaurants over the next year, and the 71-year-old diner chain is mulling a major change to its 24/7 operating hours. A specific list of closing restaurants weren’t immediately announced. Denny’s is targeting “underperforming restaurants” that are weighing down the company’s financial performance, according to Steve Dunn, Denny’s executive vice president and chief global development officer. Since the pandemic, about a quarter of its restaurants have not returned to those around-the-clock hours, so Denny’s is easing up on the requirement for a franchise to do so. Denny’s joins a broader trend of restaurants slashing hours since the pandemic.

Persons: New York CNN —, Denny’s, Steve Dunn, Dunn, ” Organizations: New, New York CNN Locations: New York, weren’t

☆ Target is cutting prices on 2,000 items ahead of the holiday shopping season
▼ + stars: | 2024-10-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Target is slashing prices on more than 2,000 items, marking the second time this year that the retailer cut customer costs as it attempts to attract inflation-weary shoppers ahead of the holiday shopping season. Some prices have dropped effective immediately on a number of items, including home goods, beauty products, food, beverages and toys. In a press release, Target said it “routinely adjusts its prices to remain competitive in markets across the country” and the discounting will continue through December. In May, Target announced it was going to slash prices on 5,000 items but ended up surpassing that number, cutting prices on 8,000 products. However, there’s some good news for stores: Spending at US retailers climbed 0.4% in September from the prior month, according to government data released last week.

Persons: “ Organizations: New, New York CNN, Target, Walmart, Ikea, Aldi, Consumer Locations: New York

☆ The hottest trend in executive leadership: Bringing back the White Guy
▼ + stars: | 2024-10-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Listen up, corporate boards: If you’re looking for the biggest trend in leadership this fall, look no further. Corporate America’s hottest CEO pick is a classic model — the Middle Aged White Guy. Just 52 businesses in the 2024 Fortune 500 ranking were run by women, holding flat from the year before. Obviously, White Guy CEO never went out of fashion — women have rarely represented more than 10% of Fortune 500 companies. But a rash of recent leadership shakeups illustrates the enduring power of the White Guy as a kind of capsule wardrobe for corporate leadership.

Persons: CNN Business ’, Guy, White Guy, Karen Lynch, David Joyner, Lynch, Laxman Narasimhan, Brian Niccol, Mellody Hobson, UnderArmour, Stephanie Linnartz, Kevin Plank, Disney’s Bob Iger, Disney, Morgan Stanley, James Gorman, that’s Iger, Gorman, Nathaniel Meyersohn Organizations: CNN Business, New York CNN, Corporate, Fortune, CVS, America, Indian, McKinsey Locations: New York, Niccol

☆ GM’s profit nears a record a year after saying it couldn’t afford its workers’ pay demands
▼ + stars: | 2024-10-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

That means GM is selling cars at higher average prices this year than it was in 2023. During the strike, the UAW’s slogan on the picket lines was that record profits should result in a record contract. Its new guidance suggests that the full-year earnings will now top the record profit of 2022. The strong results and guidance sent shares of GM (GM) up 2% in premarket trading. GM CFO Paul Jacobson on Monday told reporters that GM cut costs ahead of the strike in anticipation of pay raises for its unionized workers.

Persons: Paul Jacobson, “ We’ve, ”, “, ” Jacobson Organizations: New, New York CNN —, Motors, United Auto Workers, Revenue, GM, couldn’t, nonunion, UAW Locations: New York, –, North America, Monday’s, China

☆ Trump’s McDonald’s visit highlights a significant problem for workers
▼ + stars: | 2024-10-22 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

Former President Donald Trump’s visit on Sunday to a McDonald’s in Pennsylvania highlights the longest period without a national increase in the federal minimum wage since it was established in 1938. It’s not economics,” Reich said of the record-long period of time without a federal minimum wage increase. Reich, who has testified before Congress on the minimum wage, said there’s no question the federal minimum wage is not a livable wage. Members of the Service Employee International Union organized the rally in support of striking McDonald's workers who are demanding a wage increase. States hike minimum wagesAlthough the federal minimum wage hasn’t budged, many state minimum wages have.

Persons: Lehman, Bear Stearns, Patrick Mahomes, Kamala Harris, Donald Trump’s, Trump, ” Trump, Donald Trump, Doug Mills, Harris, “, ” “, ” Harris, Michael Reich, ” Reich, Anna Kelly, ”, ” Kelly, Reich, Kevin Dietsch, ” Nina Turner, ” McDonald’s, That’s, Chandan Khanna Organizations: New, New York CNN, Lehman Brothers, Getty, Monday, Trump, Dynamics, University of California, CNN, Republican National, America, MIT, ” Labor, Service Employee International Union, Bureau of Labor Statistics, Labor Department Locations: New York, Francisco’s, United States, Pennsylvania, Feasterville, Trevose , Pennsylvania, Birmingham , Michigan, Berkeley, Communist, Washington ,, Alabama, California, Florida, Arkansas, West Virginia, Texas, Wisconsin, North Carolina, Ohio, Fort Lauderdale , Florida

New York CNN —Mike Jeffries, the former CEO of Abercrombie & Fitch, has been arrested on charges related to sex trafficking, two sources familiar with the case tell CNN. Smith, 61, of West Palm Beach, Florida, was the romantic partner of former Abercrombie & Fitch CEO Mike Jeffries. Abercrombie & Fitch said it was “appalled” by the allegations and launched an independent investigation into the matter. Jeffries served as CEO of Abercrombie & Fitch from 1992 until 2014, when the company announced his retirement. That year, Abercrombie & Fitch succumbed to the pressure and announced they would begin offering plus-sizes in some clothing.

Persons: Mike Jeffries, Abercrombie &, Jeffries, Matthew Smith, James Jacobson, Smith, Jacobson, Paul Minnesota, “, ”, Brian Bieber, Michael Jeffries, Saint Barthélémy, it’s, Fitch, Abercrombie, Zers Organizations: New, New York CNN, Abercrombie, Abercrombie & Fitch, CNN, of, Prosecutors, Fitch, Southern District of, Hamptons Locations: New York, Eastern, of New York, West Palm Beach , Florida, Rice Lake , Michigan, Southern District, Southern District of Florida, Wisconsin, St, Paul, United States, New York City, England, France, Italy, Morocco, Minnesota

☆ Yelp disables comments for the Pennsylvania McDonald’s where Trump served fries
▼ + stars: | 2024-10-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —An influx of Yelp reviews – many of them bogus – of a Pennsylvania McDonald’s that former President Donald Trump visited Sunday, led the review platform to temporarily freeze the franchise’s Yelp page. Some users on Yelp blamed the McDonald’s franchise for allowing Trump to host a campaign event there. McDonald’s was thrust into the political spotlight Sunday when Trump served fries at a Feasterville-Trevose, Pennsylvania, location, even though the chain attempted to distance itself from the stunt. Yelp will flag and temporarily disable reviews on businesses that have received increased public attention. On Sunday, McDonald’s said in an internal memo to employees obtained by CNN that it did not invite Trump.

Persons: Donald Trump, Trump, “, Yelp, “ I’ve, I’ll, ”, McDonald’s, Kamala Harris, It’s, we’ve, ” Noorie Malik, Yelp’s, Derek Giacomantonio, Giacomantonio, Fries, ” CNN’s Jordan Valinsky Organizations: New, New York CNN, Trump, Howard University, User, CNN Locations: New York, Pennsylvania, Trevose , Pennsylvania, Washington

☆ Trump’s growing threats to strip broadcast licenses send chills across industry
▼ + stars: | 2024-10-22 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

But Donald Trump’s threats are not ordinary, either. He has imprecisely but repeatedly invoked the government’s licensing of broadcast TV airwaves and has said on at least 15 occasions that certain licenses should be revoked. Trump’s threats against CBS have been particularly intense in recent weeks. The threat from any politician to revoke a broadcast license simply because they disagree with the station’s content undermines this basic freedom.”Many of Trump’s threats conflate national networks and local stations. As president, Trump also said that TV licenses “must be challenged and, if appropriate, revoked,” but nothing came of it.

Persons: Donald, Trump, Fox, “, Kamala Harris, ” Trump, Dan Bongino, hasn’t, Andrew Jay Schwartzman, Curtis LeGeyt, recrimination, ” LeGeyt, –, Harris, ”, Dana Walden’s, Kamala, Walden shrugged, Ajit Pai, ” Pai, Nathan Simington, Jessica Rosenworcel, ” Rosenworcel, ” Schwartzman, Ted Boutrous, Jim Acosta’s, Donald Trump, ” Boutrous, Rosenworcel Organizations: New, New York CNN — Broadcast, CNN, CBS, ABC, NBC, Paramount Global, Federal Communications Commission, National Association of Broadcasters, American TV, NAB, “, ” CNN, FCC, Trump, MSNBC, Fake News ABC, Truth, Disney Entertainment, Republican, Democrats, NPR, OUR, Fox, Democratic, White House, Voice Locations: New York

☆ Rupert Murdoch’s news outlets sue Perplexity AI for allegedly engaging in ‘massive freeriding’
▼ + stars: | 2024-10-21 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

New York CNN —Rupert Murdoch’s Dow Jones, the parent company of the Wall Street Journal, and the New York Post sued Perplexity on Monday, accusing the generative AI company of illegally scraping its reporting and diverting traffic to its own platforms. The News Corp-owned companies accused Perplexity of training its so-called answer machine with copyrighted material, using scraped human-created news content to generate responses to users’ questions, allowing them to circumvent the publishers’ websites. “Perplexity proudly states that users can ‘skip the links’ — apparently, Perplexity wants to skip the check.”A Perplexity spokesperson did not immediately respond to a CNN request for comment. Earlier this year, News Corp inked a massive deal with ChatGPT creator OpenAI, licensing its news content in an agreement reported to be worth more than $250 million. The Times also sued OpenAI last year for copyright infringement, accusing the company of using its reporting to train its chatbots without permission, claiming billions of dollars in damages.

Persons: Rupert Murdoch’s Dow Jones, Perplexity, Robert Thomson, ” Thomson, “ Perplexity, —, OpenAI, Thomson, Sam Altman, “, ” Organizations: New, New York CNN, Wall Street Journal, New York Post, News Corp, CNN, Corp, Artificial Intelligence, New York Times, Times Locations: New York

☆ The Girl Scouts just approved a controversial decision to avoid ‘dramatic’ cuts
▼ + stars: | 2024-10-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

The price increase was approved Saturday at a National Council meeting, where 900 delegates were present to discuss the Girl Scouts’ future. They voted to hike dues to $45 for the 2026 membership year and again to $65 in 2027. Dues will remain at $25 for 2025, which has been the same price for the program for eight years. Membership dues are the Girl Scout’s largest source of revenue, generating $38 million in 2023 from its nearly 2 million total members. “It’s an enormous increase,” said Sally Bertram, a 30-year troop leader with the Girl Scouts of Western Ohio.

Persons: Bonnie Barczykowski, Diane Tipton, ”, Sally Bertram, “ Organizations: New, New York CNN, The Girl Scouts, USA, National Council, Scouts ’, Scout, Girl Scouts, CNN, Girl Scouts of Locations: New York, Girl Scouts of Western Ohio

☆ Top DeSantis attorneys penned cease-and-desist letters threatening to prosecute TV stations over abortion ad, affidavit says
▼ + stars: | 2024-10-21 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

Ron DeSantis penned the cease-and-desist letters sent by Florida’s health department threatening to criminally prosecute local TV stations over their airing of an abortion rights ad, the department’s former general counsel said in court documents. “I did not draft the letters or participate in any discussions about the letters prior to October 3,” Wilson wrote. Spokespersons for DeSantis and the Florida Department of Health did not immediately respond to CNN requests for comment. Wilson’s allegations come after local TV stations began airing an ad by Floridians Protecting Freedom, the group behind the state’s “Yes on 4 Campaign,” promoting a ballot measure seeking to overturn the state’s six-week abortion ban by enshrining abortion rights in the state’s constitution. Local TV stations also received support from FCC chairwoman Jessica Rosenworcel, who said earlier this month that “threats against broadcast stations for airing content that conflicts with the government’s views are dangerous and undermine the fundamental principle of free speech.”

Persons: Ron DeSantis, John Wilson, Sam Elliot, Wilson, Ryan Newman, Jed Doty, “, ” Wilson, Newman, Doty, ” Newman, Caroline, ” Caroline, Floridians, Joseph Ladapo, Jessica Rosenworcel, ” Organizations: New, New York CNN, Gov, Florida’s Department of Health, DeSantis, Florida Department of Health, CNN, Floridians, Ladapo Locations: New York, Florida, Local

☆ McDonald’s didn’t give Trump permission to serve fries. It didn’t need to
▼ + stars: | 2024-10-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —McDonald’s has been thrust into in the 2024 election, gaining particular attention over the weekend when former President Donald Trump served fries at a Feasterville-Trevose, Pennsylvania, location. Although franchise owners have to abide by certain guidelines in their agreements with the parent company, they are free to invite political candidates to serve fries without McDonald’s buy-in. We are not red or blue – we are golden.”The letter was signed by McDonald’s President Joe Erlinger. Still, some McDonald’s customers and employees spoke out against the company after Trump’s visit, criticizing McDonald’s for allowing the Republican presidential candidate to campaign at a restaurant. “He was proud to highlight how he and his team serve their local community and make delicious food, like our World-Famous French Fries,” the company said.

Persons: New York CNN — McDonald’s, Donald Trump, McDonald’s, Trump, we’ve, “, Joe Erlinger, Harris, Derek Giacomantonio, Giacomantonio, Fries, ” Organizations: New, New York CNN, CNN, McDonald’s, Howard University, Republican, Starbucks Locations: New York, Trevose , Pennsylvania, Washington, Israel

☆ Civil rights coalition calls on Musk and Zuckerberg to take action against election disinformation
▼ + stars: | 2024-10-21 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

New York CNN —An umbrella organization of civil rights groups is alerting the public to “digital voting disinformation” and imploring social media companies to take action. Wiley’s coalition, representing more than 200 civil rights interest groups and other organizations, wants companies like Elon Musk’s X and Mark Zuckerberg’s Meta to more clearly separate fact from fiction. “Social media companies should be vigilant,” Wiley said, observing that information platforms don’t have to be overwhelmingly polluted. The Leadership Conference’s Center for Civil Rights and Technology decided to speak out after social networks were swamped with lies about Hurricanes Helene and Milton earlier this fall. The conduct of social media firms is of interest to civil rights groups; candidates and campaigns; government agencies; and election technology suppliers, just to name a few.

Persons: Maya Wiley, Elon, Zuckerberg’s Meta, ” Wiley, Musk, Donald Trump’s, Zuckerberg, Milton, ”, “ Organizations: New, New York CNN, Conference, Civil, Human, Wiley’s, Social, Republican, Conference’s Center for Civil Rights, Technology, Hurricanes, Dominion Voting Systems, Fox, Dominion, for Civil Rights Locations: New York, United States

☆ X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms
▼ + stars: | 2024-10-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —When X unveiled its newest terms of service, which go into effect on November 15, users quickly picked up on one change. Using content to train AI has become a major issue as the technology booms. On X, artists and others in creative roles are fretting about their work being used – not just on X – to train computers that could someday replace human creators entirely. Other X users say they are concerned about personal information in their tweets being used that way. X’s terms said any users who continue to use their products or services on or after November 15 would be agreeing to the updated terms.

Persons: X, ”, Alex Fink, Fink, CNN’s Clare Duffy Organizations: New, New York CNN, Services, Musk, Court, Northern, Northern District of, Companies, Google, Microsoft, CNN Locations: New York, Northern District, Northern District of Texas, Tarrant County , Texas, Tarrant, Austin , Texas

☆ BuyBuy Baby is closing all of its stores – again
▼ + stars: | 2024-10-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —BuyBuy Baby is once again saying goodbye to its stores less than a year after the bankrupt retailer tried to reopen some locations under a new parent. Baby registries will also remain available on BuyBuy Baby’s website, as well as the usage of gift cards. The brick-and-mortar resurrection of BuyBuy Baby, which once had as many as 120 locations across the United States, lasted less than 12 months. However, BuyBuy Baby dealt with a hesitant consumer, squeezed both by inflationary pressures and larger rivals, like Amazon and Target, that have a tight grip on the sector. Perhaps in an ironic twist, former sister brand Bed Bath & Beyond announced last week it was returning to stores, albeit in a partnership with former rival the Container Store.

Persons: BuyBuy Baby, “, Baby Organizations: New, New York CNN, Bed, Industries, Container, & $ Locations: New York, United States, New Jersey

☆ Olivia Nuzzi is out at New York magazine over undisclosed relationship with RFK
▼ + stars: | 2024-10-21 | by ( Liam Reilly | Hadas Gold | ) edition.cnn.com time to read: +4 min

“Nevertheless, the magazine and Nuzzi agreed that the best course forward is to part ways.”“Nuzzi is a uniquely talented writer and we have been proud to publish her work over her nearly eight years as our Washington Correspondent,” the magazine added. Nuzzi said her relationship with Kennedy “turned personal” the following month and ended in August. “The relationship was never physical but should have been disclosed to prevent the appearance of a conflict. I deeply regret not doing so immediately and apologize to those I’ve disappointed, especially my colleagues at New York,” she said in a statement. In a court filing, Lizza said Nuzzi told him that Kennedy had manipulated her and that he wanted to “possess,” “control” and “impregnate” her.

Persons: Olivia Nuzzi, Robert F, Kennedy, Jr, Davis Wright Tremaine, ”, Nuzzi, Ari Wilkenfeld, “, ” Wilkenfeld, Oliver Darcy’s, “ Mr, Kennedy “, fiancé Ryan Lizza, Lizza, impregnate, Simon, Schuster, Brian Stelter, Katelyn Polantz Organizations: New, New York CNN, New York, Washington, Washington Correspondent, New York Magazine, CNN, Politico Locations: New York, New, ” New York, Washington

☆ Idris Elba is building an entertainment industry in Africa
▼ + stars: | 2024-10-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

Elba, whose parents hail from Sierra Leone and Ghana, is on a mission to transform the entertainment industry in Africa. Elba aims to build film studios across Africa, starting in Zanzibar, the Tanzanian semi-autonomous island renowned for its white sand beaches. “Much of the imagery about Africa isn’t even generated from Africa,” Elba told CNN at the Stellar Development Foundation’s Meridian conference in London this week. Global players like Netflix and Disney have already made sizable investments in Kenya, South Africa and Nigeria. Still, many governments in emerging economies have yet to recognize the economic potential of the creative sector, Elba said.

Persons: New York CNN — Idris Elba, “ Luther, ”, Elba, Samia Suluhu Hassan, “ Idris Elba, Shariff Ali Shariff, ” Elba, Goldman Sachs Organizations: New, New York CNN, Economic, Investment, CNN, Development Foundation’s Meridian, UNESCO, Global, Netflix, Disney, Economic Research, South Locations: New York, Hollywood, London, Elba, Sierra Leone, Ghana, Africa, Zanzibar, Tanzanian, Davos, NIgeria, Kenya, South Africa, Nigeria, Tanzania, South Korea, Busan

☆ Tentative deal announced to end Boeing strike
▼ + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —A tentative deal has been reached to end the five-week-long strike at troubled aircraft maker Boeing, the union announced to its 33,000 striking members early Saturday. Rank-and-file already nearly unanimously rejected a previous tentative agreement, precipitating the first strike at the company in 16 years. Many union members had expressed anger over the loss of the pensions. The union credited Acting Labor Secretary Julie Su with brokering the deal in indirect talks between the union and management. A week after that deal was rejected, Boeing improved its offer to 30% in wage increases over the four-year deal, terming that its best and final offer.

Persons: Kelly Ortberg, Julie Su, Su, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, International Longshoremen’s Association, Gulf, Airbus, Alaska Airlines, Federal Aviation Administration Locations: New York

☆ Feds investigating safety of Tesla’s ‘Full Self-Driving’ feature
▼ + stars: | 2024-10-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The National Highway Traffic Safety Administration says it has launched an investigation into the safety of Tesla’s Full Self-Driving feature, or FSD, after at least one fatal accident involving a pedestrian. The investigation is looking into four accidents involving vehicles using the FSD feature. FSD is at the center of Tesla’s plans for future growth and profitability. This is not the first time that the NHTSA has announced it is investigating Tesla’s self-driving features. In February 2023 the agency ordered a recall to change the FSD software on all of the more than 360,000 Teslas then on US roads with the feature.

Persons: ”, Tesla, Elon Musk, Musk, “, FSD Organizations: New, New York CNN, Traffic, Administration, Tesla, NHTSA Locations: New York

☆ Butterball is making the worst part of cooking a Thanksgiving turkey much easier
▼ + stars: | 2024-10-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Cooking a Thanksgiving turkey presents a host of unique challenges, including making sure it’s not dry, and making sure it’s delicious. But thawing out a multi-pound frozen bird is the first big one. Butterball has a solution with a new frozen turkey that the company says eliminates the hours-long thawing process. This week, the country’s largest turkey producer unveiled a new “Cook from Frozen” turkey that only has two steps to make it, which are unwrapping it and popping it in the oven. Butterball made a “specially formulated” brine that keeps the meat moist during the roughly 5-hour long roasting process.

Persons: Butterball, Cook, it’s, Neil Saunders, ” Saunders, Harris Teeter Organizations: New, New York CNN, GlobalData, CNN, Walmart, Kroger Locations: New York, Turkey

☆ Your favorite food brands may be done playing mind games with you — for now
▼ + stars: | 2024-10-18 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —These past few years, it seems like food companies have been playing some serious mind games with us. As food companies have seen their costs rise substantially over the past few years, many have used two sneaky strategies, dubbed shrinkflation and skimpflation, to avoid having to raise the prices of their goods. Yet when companies simply pass along price increases to consumers, there’s also no shortage of backlash — just ask McDonald’s. So the days of shrinkflation, at least when it comes to food, could be numbered. “I would expect (food companies) to shift their strategy and find a different mind game to play that maybe people are not quite looking out for yet,” Hydock said.

Persons: CNN Business ’, you’ve, there’s, we’re, Burger King, skimpflation, That’s, Berry, Nathaniel Meyersohn, ”, Chris Hydock, PepsiCo could’ve, Hydock, Robert Moskow, Cowen, Meyersohn, ” Hydock Organizations: CNN Business, New York CNN, Foods, PepsiCo, Tulane University’s Freeman School of Business, CNN Locations: New York

☆ Trump reveals ‘people from Fox’ helped him write Al Smith dinner speech
▼ + stars: | 2024-10-18 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —Former President Donald Trump said Friday that Fox News staffers helped him write his speech for the Al Smith charity dinner, in which he cracked jokes and insulted his opponent, Vice President Kamala Harris. Trump made the comment during an interview on “Fox and Friends,” in which he was asked about his monologue. Host Steve Doocy said Democrats historically “turn to the guys from ‘Saturday Night Live’ or the ‘Tonight Show;’ they write all their material,” before asking Trump who helped write his speech. “I had a lot of people, a couple people from Fox actually, I shouldn’t say that. “I’m going to see Rupert Murdoch,” Trump said.

Persons: Donald Trump, Al Smith, Kamala Harris, Trump, “, Steve Doocy, ’, ” Trump, Harris, Sean Hannity, Rupert Murdoch, “ I’m, he’s, I’m, don’t, ‘ Rupert, Murdoch, MAGA, Globalist RINO, Suzanne Scott, Jessica Tarlov, Richard Fowler, Patrick Murphy, ’ Wolf, Keisha Lance Bottoms Organizations: New, New York CNN, Fox News, “ Fox, Trump, Fox, CNN Locations: New York, Fox

☆ Crypto and meme stock boosters aren’t doing ‘Trump trades’ — they’re just doing trades
▼ + stars: | 2024-10-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The bitcoin bulls and meme stock traders are fired up about the prospect of another Donald Trump White House. At the same time, shares of Trump Media were bouncing back from Tuesday’s mysterious 10% drop and resuming their meme-stock-esque tendency to rise without any fundamental reason to do so. What do the two assets, a digital currency and a media stock, have in common? Crypto traders are amped because of the Republican nominee’s apparent 180 on the asset class he once dismissed as a scam. Bottom line: Both bitcoin and Trump Media could become even more volatile over the next few weeks as more traders pile in.

Persons: CNN Business ’, Donald Trump, Kamala Harris ’, Harris, Trump, CNN’s, ”, Steph, “, Adrian Fritz, It’s, ” Fritz, it’s, Al Root, Root, Fritz, “ It’s Organizations: CNN Business, New York CNN, Donald Trump White House, Trump Media, Trump, Liberty Financial, hyperdrive, Harris ’, ” Trump Media, Apple Locations: New York, ”, Central

☆ How Bret Baier’s combative interview with Harris compared to his sit-down with Trump
▼ + stars: | 2024-10-17 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

Fox News anchor Bret Baier chose one way when interviewing former President Donald Trump last year, and a very different way when interviewing Vice President Kamala Harris this week in her first formal sit-down with the right-wing network. However, Baier did not talk over Trump nearly as much as he interrupted Harris. At times, Baier sounded exasperated, as when Trump claimed he won the 2020 election. Overall, Baier interrupted Harris at least 38 times in 27 minutes, about twice as often as Baier interjected with Trump (at least 28 times in 36 minutes). “When did you first notice that President Biden’s mental faculties appeared diminished?” Baier asked.

Persons: Bret Baier, Donald Trump, Kamala Harris, Baier, Trump, ” Erik Wemple, Harris, “ I’ve, I’ve, ” Baier, ” Trump, “, ” Harris, Baier interjected, Erica, “ Baier, ” Axios, Joe, “ Bret, Joe Biden, CNN’s Liam Reilly Organizations: New, New York CNN, Fox News, Trump, “, Washington Post, Fox, Republican Locations: New York, United States

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