Money

By Liam Reilly, CNN (CNN) — National Geographic, the iconic yellow framed magazine that has chronicled the natural world for more than 100 years, laid off its last remaining staff writers this week, multiple departing staffers said. The latest round of layoffs at the magazine cut 17 editorial positions, including all of the publication’s staff

By Catherine Thorbecke, CNN (CNN) — OpenAI, the company behind the viral ChatGPT tool, has been hit with a lawsuit alleging the company stole and misappropriated vast swaths of peoples’ data from the internet to train its AI tools. The proposed class action lawsuit, filed Wednesday in a California federal court, claims that OpenAI secretly

By Chris Isidore, CNN New York (CNN) — The Teamsters union says it has walked away from negotiations with United Parcel Service with just over a month to go before its contract expires. The union, whose rank-and-file members have already authorized a strike if a new deal with the parcel carrier is not reached by

By Brian Fung, CNN (CNN) — A high-profile lawsuit brought by TikTok users and creators last month challenging Montana’s statewide ban against the short-form video app is being funded by the social media giant itself, the company told CNN on Wednesday. TikTok has been covering legal fees for the group of five TikTok creators, said

By Hanna Ziady, CNN London (CNN) — Britain’s biggest water supplier said Wednesday it needed to raise more cash from investors, as UK media reported the government was preparing contingency plans to rescue the company. Thames Water provides drinking water and waste water services to 15 million customers in London and the southeast of England.

By Chris Isidore and Caroll Alvarado, CNN New York (CNN) — Hundreds of thousands of US airline customers were stranded this week as severe weather grounded planes and led to canceled flights. But storms were only one factor behind the travel nightmare. Staffing shortages, at both US airlines and the Federal Aviation Administration’s air traffic

By Danielle Wiener-Bronner, CNN New York (CNN) — Lawmakers and prominent social media personalities have in recent days rallied against a proposed New York City rule that some say would crack down on the city’s beloved pizzerias. Sen. Marsha Blackburn of Tennessee tweeted Monday that “New York City wants to ban wood-fired pizzerias,” adding that

By Jordan Valinsky, CNN Business New York (CNN) — Spirits maker Diageo has cut ties with Sean “Diddy” Combs, ending a lucrative 15-year partnership that recently culminated in a racial discrimination lawsuit. The music mogul charged that Diageo had neglected and underpromoted his DeLeón tequila, dismissing it as an “urban” product in its marketing, in

By Allison Morrow, CNN New York (CNN) — A federal judge on Tuesday denied efforts by Sam Bankman-Fried, the crypto entrepreneur accused of orchestrating a multibillion-dollar fraud, to have some of his criminal charges thrown out. Judge Lewis Kaplan of the Southern District of New York said in an opinion that the defense’s arguments “are

By Elisabeth Buchwald, CNN New York (CNN) — US inflation could hit the Federal Reserve’s 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday. “We think it will take [Fed officials] all of this year and all of next year and into 2025 before they get inflation

By Alicia Wallace, CNN Minneapolis (CNN) — Americans are feeling fairly bullish about the US economy: A key measurement of consumer confidence just jumped to its highest level since January 2022. The Conference Board’s Consumer Confidence Index was 109.7 in June, rising from 102.5 the month before, according to a report released Tuesday. The latest

By Anna Bahney and Alicia Wallace, CNN Washington, DC (CNN) — New home sales surged in May, as buyers looked to new construction as an alternative to the low inventory of existing homes for sale. Sales of newly constructed homes were up 12.2% in May from April, and up 20% from a year ago, according

By Pete Muntean, CNN (CNN) — As millions of Americans are expected to pack commercial flights over the July 4th holiday, the union representing the Federal Aviation Administration’s air traffic controllers says a recent government watchdog report is proof the agency and Congress must fix a “flawed staffing model.” “The status quo is no longer

By Jeanne Sahadi, CNN New York (CNN) — If you work best having a routine in a predictable environment next to people you know, you may soon find going to the office unsettling. That’s because many employers are starting to use so-called “hot desking” — also known as “hoteling,” “dynamic seating” or “agile seating.” Translation:

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve has two goals: to keep inflation under control and to strive for maximum employment. Mike Pence, who served as Donald Trump’s vice president and is vying to helm the White House, is campaigning on eliminating the Fed’s employment mandate. It wouldn’t be a terrible

By Bryan Mena, CNN Washington, DC (CNN) — James Crown, a billionaire businessman who held several leadership roles including board member of JPMorgan Chase, died Sunday in a racing accident in Colorado. Crown, who also turned 70 on Sunday, died in the single-vehicle crash after colliding with an impact barrier at Aspen Motorsports Park in

By Matt Egan, CNN New York (CNN Business) — The heatwave leaving tens of millions of Americans in sweltering temperatures will test the power grid’s ability to keep the lights on. Periods of extreme heat stress the grid by spiking demand for electricity as families and businesses crank up the air conditioning to stay cool.

By Peter Valdes-Dapena, CNN New York (CNN) — British ultra-luxury sports car maker Aston Martin has signed a deal with Lucid Group, the California-based electric luxury car startup. Lucid will provide electric motors under the arrangement and battery systems for Aston Martin’s future electric vehicles. Aston Martin announced last year that it plans to produce

by Oliver Darcy, CNN New York (CNN) — Fox News on Monday unveiled a revamped prime-time lineup, naming a new 8 pm host to fill the void left by Tucker Carlson’s firing and shuffling its biggest stars around to boost sagging ratings as viewers rebel to protest the popular host’s dismissal. The right-wing network announced

By Brian Fung, CNN Washington (CNN) — The Biden administration on Monday outlined how states across the country will be receiving billions of dollars in federal funding for high-speed internet access, highlighting the US government’s push to bring connectivity to more Americans and to close the digital divide. More than $42 billion from the 2021

By Krystal Hur, CNN New York (CNN) — Russia’s currency hit its lowest level in nearly 15 months on Monday after Wagner mercenaries led a short-lived rebellion against the Kremlin over the weekend. The ruble briefly traded at around 87 per US dollar before paring back some of its losses, last trading at around 84.40

By Michelle Toh, CNN (CNN) — HSBC is halving the size of its global headquarters and moving out of Canary Wharf, a business district built in the abandoned docklands of east London in the 1980s. Europe’s biggest bank confirmed Monday that it would give up the lease on its prominent tower of 40-plus stories in

By Jordan Valinsky, CNN Business New York (CNN) — More than 7,800 flights across the United States were delayed or canceled Monday after powerful storms ripped through the parts of the country, mainly in the Southeast and the Ohio Valley. Data from FlightAware showed that on Monday evening, 6,196 flights within, into or out of

By Peter Valdes-Dapena, CNN (CNN) — Nikola, a startup company that makes electric and hydrogen-powered semi trucks, said in a tweet Friday morning that several of its trucks had been damaged in a fire at the company’s Phoenix, Arizona headquarters. “Foul play is suspected as a vehicle was seen in the area of the affected

By Ramishah Maruf, CNN New York (CNN) — A combination of NASCAR equipment, recycled glass and police escorts helped reopen the repaired portion of I-95 in Philadelphia way ahead of schedule. Six lanes reopened to motorists at noon on Friday, 12 days after a bridge collapsed in Philadelphia, Pennsylvania Gov. Josh Shapiro announced. The collapsed

By Krystal Hur, CNN New York (CNN) — Bitcoin on Friday shot up to its highest level in about a year. The cryptocurrency rose above $31,400 a coin on Friday, its highest level since 2022, before paring back its gains. Bitcoin, the world’s largest cryptocurrency by market capitalization, earlier this week traded above $30,000 for

By Samantha Delouya, CNN (CNN) — San Francisco’s mayor Thursday proposed remaking the city’s struggling downtown by tearing down abandoned retail space, including the city’s Westfield mall, and building new structures to reshape the struggling city. “We can’t completely rely on retail in downtown restricting what happens in downtown anymore,” Mayor London Breed told Bloomberg’s

By Lauren del Valle, CNN New York (CNN) — Attorneys filed a preliminary plan to facilitate a $290 million settlement fund for JPMorgan Chase to compensate victims of Jeffrey Epstein. If approved by a federal judge the settlement will resolve a class action lawsuit first brought on November 2022 alleging that the financial institution where

By Brian Fung, CNN (CNN) — A top European Union official is touring Silicon Valley this week and reminding tech platforms including Twitter and Facebook-parent Meta about their content moderation obligations, just weeks ahead of a deadline to comply with sweeping new EU laws that will apply to large social media platforms. On Thursday, EU

By Matt Egan, CNN New York (CNN Business) — The FDIC mistakenly revealed to Bloomberg News details on the biggest customers at Silicon Valley Bank, the failed bank whose depositors were rescued through emergency action by regulators. An FDIC document posted online by Bloomberg News on Friday offers new insights into who benefited from that

By Elisabeth Buchwald, CNN New York (CNN) — The Securities and Exchange Commission fined JPMorgan Chase $4 million for mistakenly deleting 47 million emails, many of which the regulator was trying to access as part of multiple probes. The contents of some of the emails, which could not be recovered since they were permanently deleted,