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US consumer spending rose in August as gas prices fell | CNN Business

US consumer spending rose in August as gas prices fell | CNN Business

CNN Business  —  Another month of falling gas prices gave Americans’ wallets a bit of a reprieve in August. That sent consumers back to stores last month. The Census Bureau reported Thursday that a key measure of August US retail sales rose unexpectedly by 0.3% on a monthly basis, following a revised decrease of 0.4% …

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FTC weighs sweeping new rules on 'commercial surveillance' and Big Data | CNN Business

FTC weighs sweeping new rules on ‘commercial surveillance’ and Big Data | CNN Business

Washington CNN Business  —  The Federal Trade Commission is considering whether to write sweeping new regulations that could restrict how businesses collect and use consumer data, hinting at a possible crackdown on commercial algorithms and a sprawling economy powered by the personal information of millions of Americans. On Thursday, the FTC announced it is accepting …

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The market read the Federal Reserve all wrong | CNN Business

The market read the Federal Reserve all wrong | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning slightly dovish. After embarking on an aggressive rate-hike spree this year in …

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US economy contracts again, fueling recession fears | CNN Business

US economy contracts again, fueling recession fears | CNN Business

CNN  —  The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday. Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition …

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Tesla subpoenaed over Elon Musk's tweets ... again | CNN Business

Tesla subpoenaed over Elon Musk’s tweets … again | CNN Business

New York CNN Business  —  The Securities and Exchange Commission apparently isn’t done with Elon Musk and his tweets quite yet. Tesla (TSLA) disclosed in a quarterly regulatory filing Monday that it received a new subpoena from the SEC on June 13, related to “our governance processes around compliance with the SEC settlement.” That settlement, …

Tesla subpoenaed over Elon Musk’s tweets … again | CNN Business Read More »

Why everyone's wearing NASA-branded clothes | CNN Business

Why everyone’s wearing NASA-branded clothes | CNN Business

New York CNN Business  —  On any given day, a thirty minute walk around New York City can yield at least a few NASA logo sightings. They’re on backpacks, t-shirts, sneakers, hats, sweatshirts, phone cases, tote bags and jackets. Once you start noticing them, it’s hard to stop. There have been several trend pieces about …

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Baby rockers have led to more than a dozen infant deaths, government agency warns | CNN

Baby rockers have led to more than a dozen infant deaths, government agency warns | CNN

CNN  —  At least 13 infants died in the past dozen years while lying in a Fisher-Price Infant-to-Toddler Rocker or Newborn-to-Toddler Rocker, the US Consumer Product Safety Commission and Fisher-Price announced. “Just three years ago, this agency oversaw the recall of the Fisher-Price Rock ‘n Play after a staggering number of infant deaths. Tragically, we …

Baby rockers have led to more than a dozen infant deaths, government agency warns | CNN Read More »