Money

By Laura He, CNN Hong Kong (CNN) — Alibaba founder Jack Ma has given his first lecture as a visiting professor to the University of Tokyo, as the high-profile Chinese entrepreneur retreats further from his business empire following a crackdown by Beijing. Ma, who was formerly an English teacher before he became one of China’s

By Jeanne Sahadi and Matt Egan, CNN New York (CNN) — Just ahead of World Refugee Day, 41 multinational companies on Monday publicly pledged to provide jobs, training and connections to work opportunities for more than 250,000 refugees in Europe. They include Accenture, Adecco, Amazon, Cisco, Generali, Hilton, ISS, Marriott International, Microsoft, Randstad, Starbucks and

By Ramishah Maruf, CNN New York (CNN) — Binance and the US Securities and Exchange Commission reached an agreement to avoid a full asset freeze of the platform in the US and keep customer assets in the United States, after a US district judge signed off on a consent order filed Saturday. The agreement was

By Ross Levitt and Ramishah Maruf, CNN (CNN) — As millions of Americans head to airports for the Juneteenth holiday weekend, many are facing serious travel headaches – including hundreds of flight cancellations and thousands of delays. The Federal Aviation Administration imposed a ground delay program at Newark Liberty International Airport on Friday – resulting

By Clare Duffy, CNN New York (CNN) — Facebook-parent Meta plans to lower the minimum age for its virtual reality headsets from 13 years old to 10 years old, despite pressure from lawmakers not to market its VR services to younger users. Parents will be able to set up accounts for children as young as

By Jennifer Korn and Sean Lyngaas, CNN (CNN) — A growing number of businesses, universities and government agencies have been targeted in a global cyberattack by Russian cybercriminals and are now working to understand how much data was compromised. While the scope of the attack is not yet fully known, officials at the US Cybersecurity

By Samantha Delouya, CNN (CNN) — Lawmakers’ calls to investigate the proposed partnership between the US-based PGA Tour and Saudi Public Investment Fund–backed LIV Golf are escalating. On Friday, Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, and the chair of the Senate Banking, Housing, and Urban Affairs Committee, Sen. Sherrod

By Vanessa Yurkevich, CNN New York (CNN) — At 62, Helen Polise isn’t considering retirement. Not remotely. Her job: TikTok star. Polise’s account “The Muthership” has nearly 1 million followers. She started the account during the pandemic as a distraction and a way to have fun — but soon it became a second career in

By Bryan Mena, CNN Washington, DC (CNN) — The dust has barely settled on the Federal Reserve’s decision to pause its aggressive rate-hiking campaign — but in public appearances Friday, central bank officials have a clear message: Keep hiking. Fed Governor Christopher Waller and Richmond Fed President Thomas Barkin both said Friday that additional rate

By Anna Cooban, CNN London (CNN) — Europe’s natural gas prices have shot up by more than half so far in June following months of declines, in a troubling reminder of last year’s energy crisis. Benchmark gas futures prices have risen 52% since the start of this month to hit €35 ($38) per megawatt hour,

By Michelle Toh, CNN Hong Kong (CNN) — A Beijing-based multinational lender is launching an internal review after Canada suspended its ties with the regional development bank, citing explosive claims that the Chinese Communist Party had infiltrated the institution. The Asian Infrastructure Investment Bank, billed as Asia’s answer to the World Bank, has “nothing to

By Chris Isidore, CNN New York (CNN) — Members of the Teamsters union voted overwhelmingly to authorize a strike at United Parcel Service in a vote announced Friday. But a strike is still more than seven weeks away, if it happens at all. The members at the country’s largest delivery service voted 97% in favor

By Michelle Toh, CNN Hong Kong (CNN) — Bill Gates and Xi Jinping met Friday, marking the Chinese leader’s first known one-on-one meeting with a Western business figure in years. Gates, the co-founder of Microsoft (MSFT) and world’s fifth-richest man, is in Beijing this week for his first trip to the Chinese capital since 2019,

By Michelle Toh and Issy Ronald, CNN (CNN) — Archewell Audio, the company of Prince Harry and Meghan, Duchess of Sussex, has announced the end of a multi-year partnership with Spotify in a joint statement released to CNN Friday. “Spotify and Archewell Audio have mutually agreed to part ways and are proud of the series

By Greg Wallace, CNN (CNN) — A series of controversial proposals to address the airline pilot shortage is complicating Congress’ consideration of a new slate of Federal Aviation Administration policies with one senator warning fellow lawmakers there will be blood on their hands if reduced pilot training causes a fatal accident. The measures presented by

By Natasha Chen, CNN (CNN) — Several hundred janitors marched to join writers on the picket line outside Sony Pictures and Amazon Studios Thursday, as some custodial staff have lost their jobs while productions are halted. According SEIU United Service Workers West, about 50 of its members in the Los Angeles area have been laid

By Clare Duffy, CNN New York (CNN) — An Amazon worker and union organizer has been given her job back after she appealed her firing by the e-commerce giant earlier this month. Amazon on Thursday confirmed that it had reinstated Jennifer Bates — who became the face of the effort to unionize an Amazon facility

By Peter Valdes-Dapena, CNN (CNN) — Mercedes-Benz and Microsoft have agreed to add ChatGPT to Mercedes-Benz cars in the United States. ChatGPT is Microsoft’s “generative artificial intelligence” software that can engage in realistically human-like dialog. Mercedes vehicles already have voice-command capabilities allowing drivers to use the phrase, “Hey, Mercedes,” followed by a short command to

By Samantha Delouya, CNN (CNN) — On Wednesday, the Federal Reserve hit pause on its benchmark interest rate after hiking 10 times in a row in a battle to cool the US economy and tame inflation. That rate-hiking campaign has also done something else: helped pump up the US dollar, maintaining an unexpected strength that

By Samantha Delouya, CNN Los Angeles (CNN) — Disney (DIS) Chief Financial Officer Christine McCarthy is stepping down from her role and taking a family medical leave of absence, the company said Thursday. Kevin Lansberry, the company’s CFO of Parks, Experiences and Products, will step in as interim CFO, effective July 1. “Christine McCarthy is

By Samantha Delouya, CNN (CNN) — The backlash to the proposed merger between the PGA Tour and LIV Golf intensified as Senate Finance Committee Chairman Ron Wyden, D-Oregon, opened an investigation into the deal on Thursday. The committee will probe the deal between the US-based PGA Tour and the Saudi Public Investment Fund-backed LIV Golf

By Jordan Valinsky, CNN New York (CNN) — College interns typically find cheap places to live for the summer. One woman is going to great lengths to do that. South Carolina resident Sophia Celentano commutes to her New Jersey summer internship by plane, weekly, revealing on her TikTok account that it’s actually cheaper than renting

By Michelle Toh, CNN Hong Kong (CNN) — China trimmed another key interest rate Thursday — the second cut this week — after a series of official data painted a gloomy picture of the post-Covid recovery in the world’s second largest economy. The People’s Bank of China lowered its key policy rate — the medium-term

By Sam Fossum, CNN (CNN) — President Joe Biden announced from a White House roundtable on Thursday that entertainment giant Live Nation (LYV) and ticketing behemoth Ticketmaster have pledged to give US consumers the ability to see the full price of tickets up front, minimizing the frequently frustrating experience of watching additional fees add up

By Vanessa Yurkevich, CNN (CNN) — The Pacific Maritime Association and the International Longshore and Warehouse Union reached a tentative agreement Wednesday after more than a year of negotiations. The contract between the two expired July 1, 2022 and 22,000 dockworkers have been working in good faith for nearly a year as the two sides

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Negotiators for UPS and the Teamsters union have reached a tentative agreement on a crucial issue in their contract talks: The shipping giant has finally agreed that new delivery vans will include air conditioning, starting with vans purchased next year. It will take an

By Danielle Wiener-Bronner and Kristina Sgueglia, CNN New York (CNN) — A jury on Monday found in favor of former Starbucks regional director Shannon Phillips, who sued the company for wrongfully firing her, claiming she was terminated for being White. Phillips, who worked for Starbucks for about 13 years and managed a region of stores

By Oliver Darcy, CNN (CNN) — The operation was devised on the eve of the arraignment. The chief judge presiding over the Miami federal court in which former President Donald Trump was arraigned on Tuesday had made the decision to prohibit electronics inside the courthouse, presenting a major hurdle for news organizations needing to quickly

By Samantha Murphy Kelly, CNN Business (CNN) — Amazon is experimenting with using artificial intelligence to sum up customer feedback about products on the site, with the potential to cut down on the time shoppers spend sifting through reviews before making a purchase. On the Amazon product page for Apple’s third-generation AirPods, for example, the

By Jordan Valinsky, CNN New York (CNN) — Bored at work? Annoyed with your boss? You’re not alone. A new Gallup poll released Tuesday revealed that workers around the world are historically stressed, disengaged with their work and increasingly fighting with their bosses. Gallup’s “State of the Global Workplace 2023” examined how “employees feel about

By Catherine Thorbecke, CNN (CNN) — Elizabeth Holmes, the disgraced former Theranos CEO, has “limited financial means” and should not be forced to pay $250 a month to victims of her crimes after she is released from prison, her lawyers argued in a court filing on Monday. The move from Holmes’ attorneys comes after federal

By Hanna Ziady, CNN London (CNN) — The number of people in work in the United Kingdom has climbed above its pre-pandemic level for the first time, reaching a record high. But that hasn’t plugged worker shortages that are pushing up wages and making Britain’s inflation problem harder to solve. Employment hit a record 33.1

By Laura He, CNN Hong Kong (CNN) — China’s central bank on Tuesday made a surprise cut to one of its key lending rates in a bid to shore up sputtering growth in the world’s second largest economy. The cut to the 7-day reverse repo rate — the first since August last year — will

By Ramishah Maruf, CNN New York (CNN) — Oracle (ORCL) founder Larry Ellison is reaping the benefits of artificial intelligence popularity, edging past Microsoft (MSFT) founder Bill Gates to land the number four spot on the Bloomberg Billionaires Index on Monday, according to Bloomberg. Ellison is now the world’s fourth-richest person, with a staggering $129.8