Gen Z loves the flip phone

New York CNN — First, it was disposable cameras. Then it was low rise jeans. Now, Gen-Z’s latest “vintage” obsession is the flip phone – that mid-1990s-era phone that suddenly became so popular with millennials. Today, these smaller, lighter devices — some available for as little as $20 at major retailers like Walmart and Amazon … Read more

With its ad business in crisis, Twitter eases ban on political ads

CNN — More than three years ago, Twitter banned political and themed ads amid broader concerns that politicians could pay to target social media users with false or misleading information. Now, under new owner Elon Musk, the company is easing that ban, which could give Twitter a much-needed sales boost at a time when Musk … Read more

TikTok is ‘digital fentanyl,’ says new GOP China committee chair

Washington CNN — TikTok is an addictive drug that the Chinese government supplies to Americans, the new chairman of a new House select committee on China has said. GOP Rep. Mike Gallagher of Wisconsin told NBC’s “Meet The Press” in an interview that aired Sunday that he called TikTok “digital fentanyl” because “it’s highly addictive … Read more

Tesla shares are down 70% for the year

New York CNN — Tesla’s stock is ending its tumultuous year with even more turbulence: It was up nearly 6% on Thursday, but still down more than 10% since last week. And another drop in its price target from Morgan Stanley doesn’t help. Since the start of the year, the stock has fallen by around … Read more

Who’s Afraid of Wells Fargo?

Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here. New York CNN — Wells Fargo has reached a $3.7 billion settlement with regulators over the bank’s “widespread mismanagement” that allegedly affected more than 16 million consumer accounts. The Consumer Financial Protection … Read more