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Magnolia Bakery shut down due to cockroaches

By CNN

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    CHICAGO (WBBM) — The Magnolia Bakery location in downtown Chicago was shut down this week due to a cockroach infestation.

City data shows the bakery in the Block 37 mall, at 108 N. State St., failed a health inspection on Monday.

An inspector noted that they saw more than a dozen live roaches crawling between cracks and crevices near the food preparation area.

City data said inspectors came in after someone filed a complaint.

The health violations were characterized as “high-risk.”

A sign near the door at Magnolia Bakery said it has temporarily closed and will reopen soon. A lime-green “License Suspended” sign from the Chicago Department of Public Health is also affixed to the doors.

The Magnolia Bakery in Block 37 opened in 2011 as the first and only Chicago location for the New York-based operation. The bakery is known for cakes, pies, and banana pudding, among other delights.

Magnolia Bakery was founded in New York City in 1996. The bakery grew in fame when it was named in the TV show “Sex and the City.”

The bakery was also featured in the movie “Prime,” which features a character hurling Magnolia Bakery pies at his ex-girlfriends, as well as the movie “The Devil Wears Prada,” and the 2005 “Saturday Night Live” digital short “Lazy Sunday.”

Magnolia Bakery was credited with starting the cupcake craze that began in the late 1990s.

However, the original Magnolia Bakery location on Bleecker Street in New York City’s West Village also made headlines in February 2013 for being shut down for a couple of days by that city’s Department of Health and Mental Hygiene due to mice.

Magnolia Bakery also has numerous locations around Manhattan, as well as one each in Los Angeles and in Holiday Hills, Utah. The bakery also has six international locations.

Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.

Trump Media says Wall Street firms are paying up to $100K for early access to Trump posts

By CNN
(CNN) — Wall Street has begun to embrace Trump Media and Technology Group’s newest product: instant access to President Donald Trump’s Truth Social posts.Truth Social owner Trump Media, in its first-ever earnings call with analysts Monday evening, said it has signed more than 10 customer agreements, mostly with high-frequency trading companies. Trump Media said those customers are willing to pay between $60,000 and $100,000 a month to gain access to the Truth Social data feed, known as an application programming interface (API). That direct link gives Wall Street a leg up over retail traders by delivering Truth Social posts split seconds faster than the public sees them.For high-frequency trading machines, milliseconds can mean serious money. Their algorithms look for signs that they should buy or sell, and by the time regular traders notice, it’s often too late to take advantage.Truth Social’s most-followed and important poster, Trump, often announces policy decisions on his company’s platform – sometimes even before his own administration is aware. Instant access to proclamations about tariff policy, national security and executive orders that affect the economy could send oil, bonds, stocks or other assets sharply higher or lower.Spending tens of thousands of dollars for speedy access to those market-moving announcements could be a no-brainer for high-frequency trading firms. And apparently, it’s a profitable venture for Trump and his social media company, too.“We recognized a modest amount of revenue from these agreements today,” said Kevin McGurn, interim CEO of Trump Media, on a conference call with analysts. “We believe this can grow into a meaningful, durable contributor.”McGurn announced that the company is in active conversations to grant Truth API access to news organizations and AI companies, including hyperscalers that provide huge amounts of computing powered by massive data centers and large language models.Last month, Democratic Sens. Elizabeth Warren and Adam Schiff urged federal regulators to investigate whether Trump Media’s plan to give Wall Street firms access to Trump’s Social Media posts is legal.The lawmakers described the plan as a “shocking abuse of the office of the President” and called for the Securities and Exchange Commission to determine if the arrangement violates federal securities law.“Early access to President Trump’s social media posts for Wall Street firms, wealthy insiders and high-frequency traders will erode investor confidence in basic fairness of the markets,” Warren and Schiff wrote in a letter to SEC Chair Paul Atkins.Small traffic, big lossesTrump Media launched in 2021 with ambitions of creating a conservative social media counterweight to Big Tech. However, five years later and despite Trump using Truth Social as his principal means of presidential communication, the platform remains a very tiny player that, by some measures, is getting even smaller.In July, Truth Social attracted just 261,300 daily active users, down 40% year over year, according to data shared with CNN by research firm Similarweb.Despite a modest decline in traffic, X (formerly Twitter) averaged 123.5 million daily active users in July – or nearly 500 times more than Truth Social.That small amount of traffic and minuscule advertising revenue led to just $1.7 million in sales last quarter – and a $238 million loss. That was significantly larger than the $20 million loss the company reported in the same quarter a year earlier.The company has never reported a quarterly profit.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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