CNN — A Moscow court has fined the Wikimedia Foundation for refusing to remove an article on Russian-language Wikipedia called “The Russian occupation of the Zaporizhzhia region,” according to state media. The foundation — which owns Wikipedia, a site with pages in around 300 languages, including Russian — has been fined 2 million rubles ($24,500), […]
CNN — This is it. The media defamation trial of the century is on the precipice of kicking off in Wilmington, Delaware, in just days. Jury selection in Dominion Voting Systems’ monster $1.6 billion defamation lawsuit took place all of Thursday, with 300 potential jurors being summoned to court. Good progress was made and the […]
CNN — When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those […]
New York CNN — Everything old is new again. Warner Bros. Discovery unveiled its super-streamer, Max, to the world on Wednesday, with Chief Executive David Zaslav touting the platform as a service “every member of the household” can go to for their television needs. Max unites some of the industry’s most storied brands under one […]
New York CNN Business — America’s largest bank is ending pandemic-era hybrid work for its senior staff. “Our leaders play a critical role in reinforcing our culture and running our businesses,” JPMorgan Chase told staff in a memo. “They have to be visible on the floor, they must meet with clients… and they should always […]
Washington, DC CNN — The fallout from the recent banking crisis is likely to push the US economy into a mild recession later this year, according to notes from the Federal Reserve’s March policy meeting, released on Wednesday. Since November 2022, staff economists at the Federal Reserve have predicted subdued growth and a weakening economy […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Forget the banking crisis — Main Street’s retail investors have barreled into embattled bank […]
London CNN — Cineworld’s stock plummeted 36% Tuesday afternoon to an all-time low after the company said it had filed a plan to reorganize its business and shareholders would not recover any of their funds. The embattled owner of Regal Cinemas said it had submitted a final version of the plan to a US bankruptcy […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — There’s been a seismic shift in investor perspective: Bad news is no longer good […]
CNN — BERLIN -— Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday. Under Swiss banking law, the Federal Council can impose bonus-related measures on a systemically important bank […]