New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It …
A first generation iPhone going up for auction hopes to fetch $50,000 Read More »
London CNN — Europe’s two largest central banks have hiked interest rates sharply on Thursday, opting for bigger increases than the US Federal Reserve as inflation in the region remains near historically high levels. The European Central Bank (ECB) and the Bank of England raised their rates an additional half point. Benchmark interest rates for …
ECB and Bank of England raise interest rates again to fight inflation Read More »
Hong Kong/London CNN — Shell made a record a profit of nearly $40 billion in 2022, more than double what it made the year before after oil and gas prices spiked following Ukraine’s invasion of Ukraine. Russia. Europe’s biggest oil company by revenue reported adjusted annual profit of $39.9 billion on Thursday – more than …
CNN — President Joe Biden on Wednesday announced further progress on his administration’s “competition agenda,” specifically targeting unwanted fees while calling on Congress to pass legislation targeting hidden fees in multiple sectors. These costs can “drain hundreds of dollars a year from the pockets of hard-working American families, especially people who are already struggling to …
Biden proposes ‘junk fee’ bill to cut hidden fees for credit cards and concert tickets Read More »
Minneapolis CNN — Despite the looming threat of recession and the cacophony of mass layoff announcements, American businesses still need workers – 11.01 million of them. The number of job vacancies rose unexpectedly in December, rising from a revised 10.44 million openings in November and beating economists’ expectations of 10.25 million, according to Bureau of …
Job postings unexpectedly jump to 11 million in December Read More »
New York CNN — General Motors reported much stronger-than-expected fourth-quarter earnings, lifting annual results to record highs for the second year in a row. The largest U.S. automaker also announced on Tuesday that it is buying a $650 million stake in Lithium Americas, which will give it access to the raw material needed to build …
GM shares rise after record profits and new stake in lithium company Read More »
CNN — Ford is increasing production of its popular Mustang Mach-E electric SUV and lowering its target price weeks after Tesla cut prices for its vehicles. The move represents a substantial step back from price increases Ford announced last summer on 2023 models – but buyers may still be paying a bit more than before …
Mustang Mach-E: Ford lowers the price of its competitor Tesla Read More »
CNN — The Kansas City Chiefs are advancing to Super Bowl LVII following a 23-20 victory over the Cincinnati Bengals in the AFC Championship game on Sunday at Arrowhead Stadium in Kansas City, Missouri. After suffering a high ankle sprain last week in the Chiefs’ Divisional Round win over the Jacksonville Jaguars, Patrick Mahomes led …
Kansas City Chiefs to face Philadelphia Eagles in Super Bowl LVII Read More »
CNN — Here’s something you don’t see everyday. Pet fish playing a video game in Japan managed to log on to the Nintendo Switch store, change their owner’s avatar, set up a Pay Pal account and rack up a credit card bill. And it was all seemingly livestreamed, in real time, on the internet. The …
In Japan, pet fish playing Nintendo Switch run up bill on owner’s credit card Read More »
CNN — Federal prosecutors say FTX founder Sam Bankman-Fried contacted the crypto trading platform’s former general counsel earlier this month in a move they say may constitute tampering of witnesses. A Bankman-Fried spokesperson declined to comment. Prosecutors from the U.S. Attorney’s Office for the Southern District of New York asked the judge to change Bankman-Fried’s …