Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company’s lawyers, who accuse him and members of his leadership team of stealing hundreds of millions of dollars.…
Business
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Streaming services now command a greater share of viewers than cable, data published by Nielsen show. That means apps like Netflix and other streaming platforms capture 38% of all television viewing, compared with 31% for…
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In-N-Out Burger is prohibiting employees in five Western U.S. states from wearing masks unless they receive a medical note from a doctor. The rules, which go into effect Aug. 14, apply to employees in Arizona,…
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Netflix is no longer offering its cheapest streaming plan without ads in the U.S. and the U.K., with the company aiming to push value-conscious consumers to sign up for its advertising-supported package. The Basic plan, which…
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U.S. regulators on Tuesday announced a nationwide crackdown to stop companies from inundating people with billions of unwanted and illegal robocalls and telemarketing calls. The crackdown, known as Operation Stop Scam Calls, involves the U.S.…
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Record-breaking heat and pockets of drought are baking farmland across the country, threatening crop yields and squeezing out any remaining wiggle room to cope with more extreme weather this summer. Throughout the Sun Belt, an…
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Business
State Department expands passport phone center hours, and U.S. senator calls for more hiring amid flood of applications
Amid an unprecedented surge in demand for U.S. passport processing, the State Department is expanding its application-processing call-center hours on weekends, as at least one U.S. senator says the agency should take additional measures to…
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Business
Passengers complain they can’t find flights with Frontier’s all-you-can-fly pass. Here’s how it actually works.
As someone who travels frequently, Denise Smith, a San Francisco Bay Area resident, was thrilled to learn this spring about Frontier Airlines’ GoWild all-you-can-fly pass. For a flat fee of $699, the GoWild pass allowed…
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Business
Buy Buy Baby stores set to shutter as Go Global’s deal to save the chain falls apart at the eleventh hour
Buy Buy Baby’s stores are set to disappear after a last ditch effort to save the chain and keep the business alive fell apart, CNBC has learned. Brand management firm Go Global Retail, which owns children’s apparel…
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There’s still a long way to go — but U.S. consumers are starting to feel better about the economy. The University of Michigan’s monthly Consumer Sentiment Index hit 72.6 for July — the highest reading…