Money

By Lauren Said-Moorhouse, Niamh Kennedy and Jessie Gretener, CNN Business (CNN) — A US photo agency says it has refused to hand over pictures and video of the Duke and Duchess of Sussex taken in New York on Tuesday night during what the royal couple called a “near catastrophic” car chase by “a ring of

By Matt Egan, CNN New York (CNN) — During Thursday’s meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be necessary as the industry continues to navigate through a crisis, two people familiar with the matter told CNN. The comments from Yellen provide further evidence that

By Brian Fung, CNN (CNN) — A group of TikTok users has sued to overturn Montana’s new statewide ban blocking the app, alleging that the law signed this week by Gov. Greg Gianforte violates the First Amendment. The complaint filed Wednesday evening in the US District Court for the District of Montana — hours after

By Matt Egan, CNN New York (CNN) — During a meeting with more than two dozen bank CEOs on Thursday, Treasury Secretary Janet Yellen stressed the urgent need for Congress to address the debt ceiling, according to a readout of the meeting from the Treasury Department. The meeting, which took place in Washington and included

By Natasha Chen (CNN) — Strippers from the Star Garden Topless Dive Bar in North Hollywood have unanimously won their union election, in a 17-0 vote, creating the first union of strippers in the United States in about a decade. The ballots were opened at 11 am PT today by the National Labor Relations Board

By Jennifer Korn New York (CNN) — OpenAI is making it even easier for many to access ChatGPT. OpenAI on Thursday announced the launch of a free ChatGPT app for iOS users in the United States, with plans to roll out to other countries soon. The launch comes six months after OpenAI first released ChatGPT

By Peter Valdes-Dapena, CNN New York (CNN) — Korean automakers Kia and Hyundai have agreed to an estimated $200 million class action legal settlement over claims that many of the companies’ cars and SUVs are much too easy to steal. The settlement, which could cover up to nine million vehicle owners, provides a total of

By Lauren del Valle, CNN (CNN) — In a second legal victory for Ed Sheeran this month, a federal district judge dismissed another lawsuit that claimed Sheeran’s hit “Thinking Out Loud” copied the 1973 Marvin Gaye hit “Let’s Get It On.” The lawsuit, brought by Structured Asset Sales LLC, investment banker David Pullman’s company that

By Allison Morrow and Natasha Chen, CNN (CNN) — Disney on Thursday upped the ante in its battle with Florida’s Republican Gov. Ron DeSantis, and it cost his state 2,000 white-collar jobs. The company is scrapping plans to build a $1 billion office complex in Florida, citing “changing business conditions,” according to a memo provided

By Jordan Valinsky, CNN Business New York (CNN) — Starbucks is changing its ice cubes. Will its customers have a meltdown? Customers who order cold beverages will now sip on “nugget ice” in their drinks, ice pieces which are smaller than the chain’s current cubes. Ice is a key ingredient for the coffee giant, especially

By Jordan Valinsky, CNN Business New York (CNN) — Two iconic Texas brands have come together to create a Dr Pepper Float ice cream. The soda company is partnering with Blue Bell Creameries to create the flavor, which mixes together vanilla ice cream and a Dr Pepper-flavored sherbet. It’s available beginning Thursday in pint and

By Jeanne Sahadi, CNN New York (CNN) — Imagine if just one of your retirement income sources could let you live on $100,000 to $1 million a month. For the highest-paid executives and board chairs at many S&P 500 companies, that’s not a pipe dream. It’s a very real possibility, thanks to some generous tax-advantaged

By Chris Isidore, CNN New York (CNN) — Deutsche Bank has agreed to pay $75 million to settle a lawsuit accusing the bank of enabling sex trafficking by deceased financier Jeffrey Epstein when he was a client. The settlement with women who say they were abused by Epstein, resolves claims in a proposed class action

By Anna Cooban, CNN London (CNN) — Global wheat prices fell Thursday after Ukraine and Russia agreed to extend a deal allowing grain to be exported from Ukrainian ports in the Black Sea. Wheat futures on the Chicago Board of Trade dropped 2% to $6.12 a bushel. Prices have fallen 23% since the start of

By Vanessa Yurkevich, CNN New York (CNN) — As the sun sets on another Little League game in America, 11-year Jack Wood, whose team just lost its recent game — and its first-place position — is still glowing with pride. “Baseball is just, like, very fun, I want to go to the MLB,” said Wood,

By Christine Romans, CNN New York (CNN) — Alarm and frustration grow by the day over the debt-ceiling stalemate gripping Washington. On the line: American living standards, family budgets, and stability in the global financial system. In theory, the debt ceiling should act as a fiscal restraint during the budgeting process. But after near meltdowns

By Brian Fung, CNN Washington (CNN) — OpenAI CEO Sam Altman seems to have achieved in a matter of hours what other tech execs have been struggling to do for years: He charmed the socks off Congress. Despite wide-ranging concerns that artificial intelligence tools like OpenAI’s ChatGPT could disrupt democracy, national security, and the economy,

By Matt Egan, CNN New York (CNN) — Senate Majority Leader Chuck Schumer urged JPMorgan Chase CEO Jamie Dimon and other leading bank executives during a meeting on Wednesday to push all members of Congress to take the threat of a disastrous default off the table, a person familiar with the matter told CNN. Schumer

By Catherine Thorbecke (CNN) — Elizabeth Holmes’ last-minute bid to avoid prison was denied by an appellate court on Tuesday, paving the way for the disgraced Theranos founder to begin her sentence. In a separate ruling Tuesday, Holmes was also ordered to pay $452 million in restitution to those harmed by her crimes, including Theranos

By Jeanne Sahadi, CNN New York (CNN) — No one can say yet which day the US Treasury would no longer be able to pay all the bills of the United States in full and on time if lawmakers refuse to raise the debt limit. That day — the so-called “X-date” — is currently estimated

By Jordan Valinsky, CNN New York (CNN) — Perdue — yes, the poultry company — is getting into the beer business. Sort of. For the first time ever, Perdue is selling a 12.5-ounce can of beer that’s specifically made for “beer can chicken” in time for the summer grilling season. Appropriately titled “Beer Can Chicken

By Chris Isidore, CNN New York (CNN) — You’re about to see a lot more about Tesla. CEO Elon Musk told company shareholders Tuesday that the company will advertise for the first time in its history. “We’ll try a little advertising, and see how it goes,” Musk said in response to a shareholder at the

By Maria Santana, CNN (CNN) — Hertz has apologized to a Puerto Rican customer after one of its employees refused to rent him a car he had paid for in advance because he did not show her his passport. Humberto Marchand said that he traveled to New Orleans last Wednesday and presented his Puerto Rican

By Jennifer Korn New York (CNN) — If you haven’t logged into your Google account in a long time, you better use it or lose it. Google announced Tuesday it will start deleting accounts that have been inactive for at least two years, a move that the company says is intended to prevent security risks.

By Catherine Thorbecke (CNN) — Within hours of the mass shooting on Saturday at a Texas outlet mall, some Twitter users shared gruesome pictures of bloodied bodies, purportedly from the crime scene. At least one image appeared to be of a child. These images were harder to avoid on the platform, according to some users,

By Natasha Chen, CNN Los Angeles (CNN) — The owners of Star Garden Topless Dive Bar in North Hollywood expect to recognize and negotiate with a union of strippers who had been dismissed from the club in March 2022, when they protested for safe working conditions and picketed outside for months. The negotiation is expected

By Matt Egan, CNN New York (CNN) — With time running out to reach a deal on the debt ceiling, Treasury Secretary Janet Yellen plans to meet with bank CEOs on Thursday afternoon in Washington, sources tell CNN. JPMorgan Chase CEO Jamie Dimon and Citigroup CEO Jane Fraser plan to attend the Yellen meeting, which

By Vanessa Yurkevich, CNN New York (CNN) — America’s CEOs plan to send a dire warning to lawmakers Tuesday that the economy faces potential devastation if Congress and the Biden White House cannot reach an agreement to raise the debt ceiling and avoid a default. In an open letter to President Biden and top Congressional

By Stefano Pozzebon The Central Bank of Argentina raised its key interest rate Monday by six percentage points to 97% in an effort to tackle soaring inflation that has reached 30-year highs. Central banks across the globe are struggling to rein in inflation, but it’s a particular problem in Argentina, where the annual inflation rate

By Matt Egan, CNN The Biden administration announced plans on Monday to buy 3 million barrels of crude oil, marking the start of a years-long process aimed at replenishing America’s depleted emergency oil stockpile. The Energy Department is soliciting offers of crude oil to refill Big Hill, one of the four major oil storage facilities

By Samantha Delouya, CNN Manufacturer 3M fired longtime executive Michael Vale on Friday, citing “inappropriate conduct and violation of company policy.” Vale was promoted to a new role as 3M’s group president and chief business and country officer just last month. In that position, Vale oversaw 3M’s safety, industrial, consumer, transportation and electronics businesses, reporting

By Nathaniel Meyersohn, CNN Amazon is revamping its delivery operations in an effort to cut costs while speeding up shipping times to the next day or sooner. Amazon has traditionally operated one national delivery network that distributed orders from warehouses spread across the country. If a local warehouse didn’t have the product a customer ordered

By Allison Morrow, CNN The former chief executive of Silicon Valley Bank plans to apologize before a Senate committee Tuesday, writing in prepared testimony that he believes no bank could have survived the run that gutted SVB in early March. “I never envisioned myself or SVB being in this situation,” former CEO Greg Becker writes,

By Bryan Mena, CNN Many economists are predicting a recession later in the year, but one of the industries hurt most in the pandemic is bouncing back to pre-Covid levels. Leisure and hospitality businesses are hiring, offering enhanced benefits and trying to meet persistently robust demand. This expected strength in leisure spending means big business