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By Oliver Darcy, CNN Business New York (CNN) — Chris Licht, the embattled chief executive and chairman of CNN, whose brief one-year tenure at the network was stained by a series of severe missteps, departed the company on Wednesday. “I met with Chris and he will be leaving CNN,” David Zaslav, the chief executive of

By Michelle Toh, CNN Hong Kong (CNN) — Subway is planning to add thousands of new sandwich shops in China, increasing its footprint in the country by more than seven times. The world’s biggest sandwich chain announced Tuesday that it would open almost 4,000 new stores across mainland China over the next 20 years. The

By Simone McCarthy, CNN Hong Kong (CNN) — India and China are fast heading toward having few or no accredited journalists on the ground in each other’s country – the latest sign of fraying relations between the world’s two most populous nations. New Delhi on Friday called on Chinese authorities to “facilitate the continued presence”

By Oliver Darcy, CNN (CNN) — Tucker Carlson is back — sort of. Nearly a month after vowing a return to right-wing commentary through a show on Elon Musk’s Twitter, the fired Fox News host made good on his promise Tuesday evening and posted a 10-minute monologue to the social media platform. The commentary, which

By Jessie Yeung and Candice Zhu, CNN (CNN) — A record breaking number of high school students across China walked into exam halls on Wednesday to take a test that could decide their future – even as that prospect looks increasingly dire under the shadow of widespread youth joblessness. A high score in the two-day

By Matt Egan, CNN (CNN) — During a closed-door lunch on Tuesday, JPMorgan Chase CEO Jamie Dimon told moderate House Democrats that Congress should abolish the debt ceiling, a person familiar with the matter tells CNN. “Get rid of it,” Dimon told lawmakers of the debt ceiling, according to the source. The meeting with the

By Brian Fung, CNN (CNN) — For months, Twitter owner Elon Musk and his allies have amplified baseless claims that the US government illegally coerced Twitter into censoring a 2020 New York Post article about Hunter Biden. The foundation for those claims rests on the so-called “Twitter Files,” a series of reports by a set

By Sean Lyngaas New York (CNN) — North Korean hackers were likely behind the theft of at least $35 million from a popular cryptocurrency service, multiple crypto-tracking experts told CNN Tuesday. It’s the latest in a string of hacks of cryptocurrency firms linked to Pyongyang that US officials worry could be used to fund the

By Parija Kavilanz, CNN New York (CNN) — Lululemon’s (LULU) CEO Calvin McDonald said the retailer stands by its decision to fire two employees who tried to intervene during a theft at one of its stores. The incident took place in late April at its store in Peachtree Corners, Georgia. Cellphone footage from the store

By Bryan Mena, CNN Washington, DC (CNN) — Venture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands. The Silicon Valley-based firm’s expansive investments in China, which have drawn attention from US lawmakers amid growing geopolitical tensions with Beijing, will become their own unit. Sequoia Capital executives briefed investors

By David Goldman, CNN New York (CNN) — Your iPhone’s autocorrect is getting a big ducking upgrade. Currently, when you enter a typo or key in an unrecognized word, Apple’s iOS uses some onboard machine learning and references a library of frequent misspellings to automatically correct your mistake. But, as anyone who has ever been

By Brian Fung, CNN Washington (CNN) — Microsoft will pay $20 million to settle US government allegations that the tech giant violated children’s privacy by illegally collecting their personal information through its Xbox Live gaming service. According to the Federal Trade Commission, Microsoft broke the law by failing to tell parents about the full breadth

By Michelle Toh, Candice Zhu and Gawon Bae, CNN Hong Kong/Seoul (CNN) — “The Little Mermaid” has bombed with moviegoers in China and South Korea amid racist critiques in some quarters over the casting of Black actress Halle Bailey as main character Ariel. Disney’s live-action remake has made only $3.6 million in mainland China since

By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks is going full steam ahead with its controversial line of olive oil-infused coffee drinks, expanding one of its biggest new product launches in years to many more states and cities. The so-called Oleato drinks debuted in the United States in March to somewhat negative reviews. They

By Rob Picheta, CNN London (CNN) — Prince Harry has become the first senior British royal to give evidence on a witness stand in 132 years, as his years-long fight against the UK’s tabloid press came to a head in tense courtroom showdown on Tuesday. Harry is suing a big British newspaper group, Mirror Group

By Oliver Darcy, CNN (CNN) — Chris Licht started CNN’s daily network editorial meeting on Monday by directly addressing the elephant in the room. “I want to say that I’ve spent the weekend doing a lot of thinking,” Licht told staffers, many of whom had dialed into the meeting specifically to hear from their embattled

By Chris Isidore, CNN New York (CNN) — Members of the union representing television and film actors have voted to authorize a strike against major studios if a new contract isn’t reached by the time their current deal ends on June 30. Members of the Screen Actors Guild — American Federation of Television and Radio

By Vanessa Yurkevich, CNN (CNN) — For a fourth day, dockworkers at West Coast ports in the United States are disrupting international trade, according to the Pacific Maritime Association. Two of the six marine terminals at the Port of Long Beach remained closed during the day shift Monday, as “operators of those terminals made the

By Allison Morrow, CNN New York (CNN) — Federal regulators have sued Binance, the world’s largest crypto exchange, accusing the company of running an illegal exchange in the United States and commingling billions of dollars’ worth of customer funds. The Securities and Exchange Commission, Wall Street’s primary regulator, alleges the company acted in “blatant disregard”

By Clare Duffy and Samantha Delouya, CNN New York (CNN) — Linda Yaccarino, a former NBCUniversal marketing executive, on Monday officially took over the CEO role at Twitter from Elon Musk, weeks after the billionaire announced hiring her for the top spot at the social media company. “It happened — first day in the books!,”

By Tom Foster, CNN London (CNN) — The CEO of Qatar Airways has described the airline industry’s emissions goals as a “PR exercise,” saying aviation is on track to miss its target to achieve net zero status in 2050. Akbar Al Baker was speaking to CNN at the annual meeting of the International Air Transport

By Samantha Kelly and Catherine Thorbecke, CNN (CNN) — Apple on Monday unveiled its most ambitious – and riskiest – new hardware product in years: a mixed reality headset called the Apple Vision Pro. Apple (AAPL) CEO Tim Cook touted the Vision Pro, which combines virtual reality and augmented reality, as a “revolutionary product,” with

By Rob Picheta, CNN London (CNN) — Prince Harry will take to the witness stand Tuesday as his years-long battle against Britain’s tabloid media reaches its most dramatic stage so far. The royal is preparing to face questions in a London court as part of his case against a major newspaper publisher. But the judge

By Brian Fung, CNN Washington (CNN) — Four US senators are scrutinizing Twitter’s privacy practices and questioning whether the platform under CEO Elon Musk may have flouted consumer protection laws following widespread layoffs and resignations — an inquiry that could highlight vast legal risks for Twitter and potentially for Musk himself. In a letter dated

By Donie O’Sullivan, CNN New York (CNN) — Instagram announced Sunday it had lifted its ban on Robert F. Kennedy Jr., the anti-vaccine activist who has launched a presidential bid, two years after it shut down Kennedy’s account for breaking its rules related to Covid-19. “As he is now an active candidate for president of

By Mark Thompson and Michelle Toh, CNN London/Hong Kong (CNN) — Oil prices rose Monday after Saudi Arabia said it would slash output by another one million barrels per day for at least a month starting in July as part of an effort by OPEC+ producers to shore up crude prices. At 5.30 a.m. ET,

By Ramishah Maruf, CNN New York (CNN) — The Directors Guild of America reached a “historic” tentative deal for wages, work hours, residuals and even artificial intelligence Saturday night as the writers’ strike continues. The pact was reached to set the terms of a new three-year collective bargaining agreement with the Alliance of Motion Picture

By Ramishah Maruf, CNN New York (CNN) — Bank of America CEO Brian Moynihan said although he is relieved lawmakers reached a resolution for the debt ceiling, it is “not good for the United States to go through this.” The resolution “provided momentary momentum in the markets and allows us to face the real economic

By Ramishah Maruf, CNN New York (CNN) — Chuck Todd, the longtime host of NBC’s “Meet the Press,” is stepping down from his role, he shared with the audience on Sunday. Colleague Kristen Welker, who is a regular fill-in on the Sunday broadcast, will take over the role. Welker, who has been with NBC News

By Parija Kavilanz, CNN New York (CNN) — As inflation continues to strain family budgets, forcing people to prioritize purchasing daily necessities over discretionary buys, one maker of popular footwear is lowering prices on its products to provide some relief to weary consumers. Oregon-based Keen, which makes walking shoes, boots and water sandals for toddlers

By Samantha Murphy Kelly, CNN (CNN) — Apple may be just one day away from unveiling its most ambitious new hardware product in years. At its Worldwide Developers Conference, which kicks off Monday at its Cupertino, California, campus, Apple (AAPL) is widely expected to introduce a “mixed reality” headset that offers both virtual reality and

By Ashley R. Williams, CNN (CNN) — A brew inspired by Netflix’s “The Witcher” has kicked off a partnership between the streaming app and one of the largest nonalcoholic craft breweries in the US. Athletic Brewing Company’s collaboration with Netflix will feature limited edition, co-branded nonalcoholic beers, the brewing company announced in a news release.

By Chris Isidore, CNN New York (CNN) — US recession worries aren’t dead. But they may have passed into a coma at 8:30 am ET on Friday. That’s when the Labor Department released its latest jobs report, which indicated employers are hiring virtually all the workers they can find — 339,000 in May alone. The

By Samantha Murphy Kelly, CNN (CNN) — A high school English class may not sound like the typical forum for educating kids on the risks of social media, but that hasn’t stopped Jennifer Rosenzweig. Each school year, the 10th graders in her class at Scarsdale High School in New York watch “The Social Dilemma,” a

By Peter Valdes-Dapena, CNN Business (CNN) — Ford, the parent company of Lincoln, and the National Highway Traffic Safety Administration are warning owners of nearly 143,000 Lincoln MKC compact SUVs to park them outside and away from buildings and other vehicles because they could potentially catch fire, even when not running. The issue stems from

By Krystal Hur, CNN New York (CNN) — The Dow surged over 700 points mid-afternoon Friday as investors applauded Congress’s passage of the debt ceiling deal and celebrated a cheerful jobs report. The blue-chip index soared 734 points, or 2.2%, putting it on track for the best daily gain since November 2022. The S&P 500

By Jeanne Sahadi, CNN New York (CNN) — Just as stock market turmoil is a good reminder to make sure your investment portfolio is diversified, a few surprise bank failures is a good excuse to find out whether your financial accounts — not just your checking and savings accounts — are all protected in the

By Catherine Thorbecke, CNN (CNN) — Airbnb on Thursday sued New York City over its restrictions on short-term housing rentals, in a legal dispute that pits the company’s concerns about its ability to operate in a key market against the city’s efforts to address an affordable housing crisis. The San Francisco-based tech company sued New

By Chris Isidore, CNN New York (CNN) — Payment apps like PayPal and Venmo might be convenient, but they’re not banks — and a federal financial services watchdog is worried that too many consumers are treating them as such. Some consumers are using services like PayPal, Venmo, Cash App and Apple Pay for direct deposit

By Anna Bahney, CNN Washington, DC (CNN) — Commercial and multifamily mortgage delinquencies increased in the first quarter of 2023, according to a new report from the Mortgage Bankers Association. “Ongoing stress caused by higher interest rates, uncertainty around property values, and questions about fundamentals in some property markets are beginning to show up in

By Reuters Investors proposing a class action lawsuit have accused Tesla CEO Elon Musk of insider trading and manipulating the cryptocurrency Dogecoin, costing them billions of dollars. In a Wednesday night filing in Manhattan federal court, investors said Musk used Twitter posts, paid online influencers, his 2021 appearance on NBC’s “Saturday Night Live” and other

By Laura He, CNN Hong Kong (CNN) — Tesla CEO Elon Musk has wrapped up his first trip to China in three years, after meeting a string of government officials and thanking workers at the company’s mega factory in Shanghai. Musk’s private jet took off from Shanghai’s Hongqiao airport on Thursday, capping a whirlwind 48-hour