Millions of sports fans and concertgoers are being duped by a deceptive pricing scheme at StubHub, according to a lawsuit filed by Washington, DC Attorney General Brian Schwalb. ➡️ The attorney general’s office describes how StubHub uses a countdown clock to create a “false sense of urgency” to ensure consumers are “pressured into the purchase out of fear that they risk losing the tickets.” ➡️ Since StubHub adopted this pricing model in 2015, the company has sold almost 5 million tickets to Washington, DC, consumers alone, generating $118 million in “hidden” fee revenue, according to the attorney general’s office. CNN's Matt Egan has the details: https://cnn.it/3WvwqEK
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Katie Ledecky broke her Olympic record in the 1,500 meter freestyle to get her first gold of the Games. Follow the latest from Paris. https://cnn.it/3WKvmy5
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Babies who have a peanut allergy are now being offered potentially life-changing treatment at hospitals across Australia in a world-first program aimed at building tolerance to them. It is the first time that a nationwide peanut oral immunotherapy program is being introduced into mainstream care anywhere in the world, according to the partnership between Australia’s National Allergy Centre of Excellence (NACE) and the Murdoch Children’s Research Institute (MCRI). The ADAPT OIT Program is open to infants under 12 months who have been diagnosed with a peanut allergy and who are under an allergy specialist at one of the ten pediatric hospitals across five states which are participating. https://cnn.it/3WKKdZt
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CNN reposted this
BREAKING: The Fed is keeping interest rates at multi-decade highs -- but signaling a cut could be imminent. Officials inserted new language cautioning that job growth has "moderated" and the unemployment rate has edged higher. Fed officials say they are now "attentive" to risks to both the jobs market AND inflation. All of this is setting the stage for a potential interest rate CUT in September, the final meeting before the election. More with Boris Sanchez & Brianna Keilar on CNN
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The Federal Reserve says it will continue to hold its benchmark interest rate at current levels, marking a full year since the cost of borrowing first reached a 23-year high. As expected, central bank officials chose not to cut rates, which would have paved the way for lower borrowing costs for Americans on everything from mortgages and car loans to credit cards. However, the Fed gave an important clue Wednesday that it will likely cut its benchmark lending rate in the coming months: Fed officials are now wary of risks surrounding America’s labor market, which has long been a pillar of strength for the economy, according to their latest policy statement. Read more: https://cnn.it/3YtTqGS
The Fed keeps interest rates at current levels, but signals a cut is coming | CNN Business
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White House executive chef Cristeta Comerford has retired after nearly three decades cooking for five commanders-in-chief and their families, a White House official tells CNN. ➡️ Comerford, who broke ground as the first woman and person of color to hold the top job in the White House kitchen, arrived at 1600 Pennsylvania during the Clinton administration in 1995 and was elevated to executive chef by first lady Laura Bush 10 years later. ➡️ She cooked for America’s first families over 29 years, including the Clintons, Bushes, Obamas, Trumps and Bidens, overseeing all White House cuisine from family meals to state dinners in the executive chef role. Read more from CNN's Betsy Klein: https://cnn.it/3WkSn9q
Groundbreaking executive White House chef steps down | CNN Politics
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Entertaining the King of England is an expensive business, France is finding out. ➡️ The lavish affair at the Palace of Versailles, which saw around 180 guests tuck into a feast of blue lobster, crab cakes and champagne-marinated chicken, helped blow a hole in the Élysée Palace’s budget, France's public auditor said. ➡️ The overspend was part of a much bigger French government budget deficit in 2023, which just earned the country a rap on the knuckles from the European Union. CNN's Anna Cooban has more: https://cnn.it/3LRru8c
Let them eat lobster! France spent over $500,000 on a state dinner for King Charles
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The CEO of Delta Air Lines lashed out at cybersecurity firm CrowdStrike and software provider Microsoft for the computer problems that resulted in a service meltdown he disclosed cost the airline $500 million. ➡️ The computer problems at Delta knocked its crucial crew tracking system off line for the better part of a week, making it impossible for the company to find pilots and flight attendants it needed to fly its aircraft. ➡️ While other airlines were quick to resume normal operations after the CrowdStrike outage, Delta was forced to cancel about 30% of its schedule over five days, leaving an estimated half-million passengers stranded. Read more from CNN's Chris Isidore: https://cnn.it/3WN48qV
Delta CEO lashes out at CrowdStrike: This cost us $500M and they offered us nothing
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Boeing names Kelly Ortberg as CEO, replacing Dave Calhoun, who has been under fire over the company's safety issues
Boeing names new CEO after losses more than triple | CNN Business