US economy contracts again, fueling recession fears

US economy contracts again, fueling recession fears

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 … Read more

Reduce risk for dementia by improving diet and activity levels, studies say

Reduce risk for dementia by improving diet and activity levels, studies say

Sign up for CNN’s Eat, But Better: Mediterranean Style. Our eight-part guide shows you a delicious expert-backed eating lifestyle that will boost your health for life. CNN  —  Eating more natural, unprocessed food, keeping active and having a good social life are all ways you can fight off dementia as you age, according to two … Read more

JetBlue announces a deal to buy Spirit Airlines. Fares could surge

JetBlue announces a deal to buy Spirit Airlines. Fares could surge

New York CNN Business  —  JetBlue Airways on Thursday announced it would purchase Spirit Airlines, a combination that would create America’s fifth-largest airline. The announcement comes a day after Spirit pulled the plug on a deal to merge with Frontier. JetBlue had been pursuing a hostile bid for Spirit even while Spirit sought shareholder approval … Read more

Volkswagen CEO Diess is stepping down in surprise move

Volkswagen CEO Diess is stepping down in surprise move

New York CNN Business  —  Volkswagen’s CEO is leaving his post in a surprise move, effective September 1. The company announced Friday that CEO Herbert Diess will be replaced by Oliver Blume, the head of Volkswagen (VLKAF)’s Porsche performance car division. Volkswagen, the world’s second largest automaker, did not provide a reason for Diess’ exit. … Read more