Category: Business
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How airlines give you internet access at 35,000 feet — and why it still needs a lot of work
Delta and United each host more than 1.5 million inflight WiFi sessions a month, the airlines told CNN Business, while JetBlue said its service is used by “millions of customers” every year. Southwest declined to share specific numbers but said inflight Wifi is “popular.” Alaska Airlines, meanwhile, estimates that about 35% of its passengers on…
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Listening to Hong Kong: China surveillance like law forces real-identity registration for all cell phone use
Hong Kongers comment on the new law that comes into effect on Friday BEIJING – As of Friday, all SIM cards in the Hong Kong Special Administrative Region have to be real-name registered. Phone numbers not linked to a person’s identity will be deactivated. The new measure that was first announced in June 2021, less…
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Credit card borrowers slip back into pre-pandemic habits, TransUnion says — here’s how to pay off your debt
Consumers have slipped back into their pre-pandemic habits when it comes to paying down credit card debt, TransUnion said. (iStock) Credit card debtholders have reverted to their pre-pandemic payment patterns, and have seen their card balances increase, according to recent data from TransUnion. This is because the pandemic-related government relief programs and forbearances are becoming…
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White House releases student loan forgiveness application — what to know
The Biden administration released its application for borrowers to receive student debt forgiveness. (iStock) The Biden administration officially launched its student loan forgiveness application on Monday, which is now available through an online portal. Borrowers with federal student loan debt can fill out the simple application that includes questions such as the borrowers’ name, Social…
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Security expert reveals the TikTok setting that exposes your data – and how to turn it off
SideChannel CEO and cyber security expert Brian Haugli explains how your TikTok data is used for aggregate information in the hands of a foreign adversary. If you’re one of the more than 1 billion monthly TikTok users, one cybersecurity expert is warning that without proper settings in place, the app can collect data about your…
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Uber to offer free reindeer sleigh rides in Finland — world's first on-demand excursion of its kind
North American Aerospace Defense Command official Brig. Gen. Eric Delange provides insight into how kids can monitor Santa during Christmas. Your sleigh ride is here. Uber is officially launching the world’s first-ever on-demand sleigh rides in Lapland, Finland. From Dec. 12 to 18, riders in the area can call an Uber Sleigh — a winter-festive…
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Americans have lost $4,200 in income under Biden, wiping out Trump gains: Heritage
Former OMB director Russ Vought responds to the Fed’s 75 basis point rate hike announced Wednesday, analyzes the impact of President Biden’s economic policies on the economy, and discusses potential changes should Republicans take back Congress. The average American has lost more than $4,000 in annual income since President Biden took office due to soaring…
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Beyoncé and Jay-Z's 10-year-old daughter Blue Ivy Carter makes $80K bid for diamond earrings at art gala
Check out what’s clicking on FoxBusiness.com Blue Ivy Carter, the 10-year-old daughter of musicians Jay-Z and Beyoncé, placed an $80,000 bid at the Wearable Art Gala in Los Angeles. The child bid on a pair of Lorraine Schwartz diamond earrings Saturday, shocking auctioneers Keke Palmer, an actress, and Tina Knowles-Lawson, a businesswoman and Blue Ivy’s…
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Southwest's brand is tarnished after its meltdown — how can the airline recover?
“Kennedy” panelists react to Southwest Airlines canceling and delaying 80% of flights during Christmas holiday. After days of widespread flight cancellations that left thousands of customers stranded across the U.S. over the holidays, Southwest Airlines says it expects operations to be back to normal on Friday. But restoring the once-beloved carrier’s good name will likely…
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Analysis: A rail strike would do serious damage — and that's exactly the point
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — Unless we get a breakthrough soon in deadlocked negotiations, Friday will mark the beginning of the first national rail strike in 30 years (which we wrote about in Monday’s newsletter)….
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October inflation dips to lowest level so far in 2022 — will it slow the Fed's next rate hike?
Consumers got a slight reprieve from rising prices in October, according to the latest inflation report from the Bureau of Labor Statistics. The annual level of inflation continued to improve in October, registering the smallest monthly increase since the beginning of 2022, according to the latest report from the Bureau of Labor Statistics (BLS). The Consumer Price…
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Many Americans concerned about inflation’s impact on insurance coverage — here’s how to avoid underinsurance
60% of home/auto policyowners are worried about having enough insurance, a recent survey said. (iStock) A significant amount of U.S. consumers are concerned about the impact that inflation and rising costs could have on their homeowners and auto insurance coverage, a recent survey said. Sixty percent of home and/or auto policyowners said they are worried…
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Beyoncé’s clothing line with Adidas suffers from weak sales
Red Banyan founder and CEO Evan Nierman and Ericho Communications CEO Eric Yaverbaum debate how Adidas managed the Ye controversy on ‘The Claman Countdown.’ Beyoncé fans are clamoring for tickets to her world tour, but the music superstar is having a harder time finding buyers for her line of inclusive streetwear. Beyoncé’s fashion partnership with…
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Education Department updates PSLF program – here’s what changed
Temporary changes to the Public Service Loan Forgiveness (PSLF) program have helped more than 236,000 borrowers who work in public service secure more than $14 billion in debt relief, according to the Department of Education. (iStock) The Department of Education announced Tuesday that some of the temporary changes it previously made to the Public Service…
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Utah small business owner won't fire his workers — he's retraining them instead
Fat Daddy’s Pizzeria owner Chad Pritchard shares how he is investing in his employees to prevent layoffs and firings amid a labor shortage. A small business owner in Provo, Utah, is hanging onto all of his employees in tough economic times — and rather than letting people go during today’s inflation and labor shortage, he’s…
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How Bed Bath & Beyond sidestepped bankruptcy… for now
JPMorgan managing director Phil Camporeale, Prosper Trading Academy CEO Scott Bauer, and Raymond James CEO Paul Reilly discuss if now is the time for investors to jump into the market on ‘The Claman Countdown.’ Bed Bath & Beyond continues to evade bankruptcy, after implementing a series of financial moves, including raising $1 billion through preferred…
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Pizza Hut is finally selling slices — with a twist
New York CNN Business — Pizza Hut is getting more personal beyond its personal pan pizzas. For customers who find ordering a whole pie daunting, the chain is offering its version of individual slices with a new menu item called Pizza Hut Melts. For $6.99 per slice, the new option is actually two slices of…
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Let's stop punishing employers who want to help employees with free gas, meals or child care
Jeff Flock heads to Wildwood, N.J. to ask young people their motives for stepping into the job market. Employers are struggling to fill over 11 million open jobs. Employees are struggling to pay for child care, gas, and even food. And then, there is the struggle of paying off those student loans for many Americans. I…
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Queen Elizabeth's death to cost UK economy $2.6B, but tourism could provide boost
Britons queue for hours to bid farewell to Queen Elizabeth II as she lies in state As the United Kingdom mourns Her Majesty Queen Elizabeth II’s passing, time spent off work and canceled events will take a toll on an economy already struggling with an energy crisis. However, an influx of tourists from abroad and…
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Latest GDP reading confirms the US economy shrank for two straight quarters
Minneapolis CNN Business — The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday. That matches the most recent GDP estimate and shows the economy was in contraction for the entire first half of the year…