Prices in the US didn’t rise in May, lending a welcome reprieve to cost-wary Americans and helping to bring inflation even closer to normal levels. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — was unchanged from April and slowed to 2.6% for the 12 months ended in May from 2.7% the month before, according to data from the Commerce Department.
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CNN Worldwide is a portfolio of more than two dozen news and information services across cable, satellite, radio, wireless devices and the Internet in more than 200 countries worldwide. Domestically, CNN reaches more individuals on television, the web and mobile devices than any other TV news organization in the United States. Internationally, CNN is the most widely distributed news channel reaching more than 260 million households abroad; and, the CNN Digital Network is consistently the No.1 current events and news destination on the web. CNN International is the most watched global 24-hour news network. CNN International can be seen in more than 260 million television households in more than 200 countries and territories through a network of 38 satellites. Since September 1997, CNN International has been regionalized into five separate regions: CNN International Europe / Middle East / Africa, CNN International Asia Pacific, CNN International South Asia, CNN International Latin America and CNN International North America. Additionally, CNN Newsource is the world's most extensively utilized news service partnering with hundreds of local and international news organizations around the world. CNN is division of Turner Broadcasting System, Inc., a Time Warner Company.
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Updates
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Walgreens has said it plans to close a “significant” number of its roughly 8,600 stores in the United States. Around 25% of Walgreens’ stores aren’t profitable, and the chain will look to close stores that are right by one another or struggling to hold down theft, CEO Tim Wentworth said in an interview with the Wall Street Journal. Walgreens and other retailers have been hit by shoplifting and resorted to locking up items or closing high-theft stores since the pandemic, but Walgreens’ problems are much deeper, including competition and failed growth strategies. Walgreens admitted last year it “cried too much” over the business impact of shoplifting. The latest closures are part of a larger downturn, not just for Walgreens, but for other drug store chains, too, after years of expansion. Walgreens said in 2019 it would close 200 stores and last year announced an additional 150 store closures. “We are at a point where the current pharmacy model is not sustainable,” Wentworth said. Why? Read on: https://cnn.it/3SbCCkf
Drug store chains pushed out independent pharmacies. Here's why they're now closing too | CNN Business
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CNN’s Thursday night debate between President Joe Biden and former President Donald Trump was watched by 47.9 million viewers on television, according to preliminary figures from Nielsen. https://cnn.it/4eFKmo5
47.9 million viewers tuned in to CNN's presidential debate with Biden and Trump | CNN Business
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67 million to one. That’s the odds of making two holes-in-one in a single round, according to the National Hole-In-One Registry. On Friday, Frank Bensel Jr. made two in a row. While some of the game’s most talented players wait years – even entire careers – for an ace, the 56-year-old went back-to-back in a remarkable few minutes at the second round of the US Senior Open.
56-year-old golfer makes back-to-back holes-in-one at US Senior Open | CNN
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Former President Donald Trump's social media company is getting a boost after President Joe Biden's shaky debate performance. Shares of Truth Social owner Trump Media & Technology Group (DJT) rose 4% in early trading Friday. Read more here: https://cnn.it/3znd64L
Trump Media stock surges 10% after debate | CNN Business
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How the Seattle Storm became the highest valued WNBA franchise of all time
How the Seattle Storm became the highest valued WNBA franchise of all time | CNN
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Here’s what you need to know about the massive software outage
What to know about the massive car dealership outage | CNN Business
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Supreme Court says cities can ticket homeless people for sleeping outside, rejecting arguments that such ordinances violate the Constitution
Homeless people can be ticketed for sleeping outside, Supreme Court rules | CNN Politics
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Biden, raspy at times, delivered a shaky performance. Trump, meanwhile, ducked some questions and repeated his frequent election denialism. Read takeaways from the CNN presidential debate.
Takeaways from CNN's presidential debate with Biden and Trump | CNN Politics
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This is the summer of fast food value meal wars, and Taco Bell isn’t sitting back. The chain announced that it’s entering the battle with one of its biggest deals ever. The “Luxe Cravings Box” is a collection of its four of its most popular foods, including a Chalupa Supreme taco, a beefy 5-layer burrito, a double-stacked taco, chips with nacho cheese sauce plus a medium drink all for $7 — a 55% discount compared to if all items were bought separately.
Taco Bell enters the value meal wars with its biggest deal ever | CNN Business