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By Peter Valdes-Dapena, CNN Ford has some interesting ideas on what self-driving cars might soon be able to do. Besides freeing us from the tedium of commuting, the company envisions cars that could repossess themselves. According to a document recently published on the United States Patent and Trademark Office website, Ford said it is considering

By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw sold $448,000 worth of the company’s stock this week, a month after the toxic train derailment in East Palestine, Ohio, that is still being cleaned up. Shaw’s stock sale came the same week the company announced Shaw had personally set up a $445,000 scholarship endowment fund

By Nimi Princewill and Stephanie Busari, CNN Nigeria’s botched attempt to replace its banknotes has been declared invalid by the country’s Supreme Court. In a ruling Friday, the country’s highest court said a presidential directive to discontinue the use of old naira notes following a redesign was illegal. The court said the old banknotes should

By Nicole Goodkind, CNN About 99% of all S&P 500 companies have reported their fourth quarter earnings and the results, particularly for tech companies, are underwhelming. Companies listed in the S&P 500 index beat analysts’ earnings estimates by an average of just 1.3% last quarter. For context, that’s way down on the index’s 5-year average

By Paul R. La Monica, CNN There have been a LOT of changes on Wall Street since I first joined CNN in November 2001. The Dow was trading just below 10,000 at the time. It’s now a little above 33,000. And some of the companies that were still among that blue chip average are no

By David Goldman, CNN Exxon was aware of multiple complaints of hangman’s nooses on display at its Baton Rouge, Louisiana, complex, but the oil company failed to properly investigate the incidents or take action to prevent them from happening again — which they did — according to a lawsuit filed Thursday by the US Equal

By Hannah Rabinowitz, CNN Deputy Attorney General Lisa Monaco announced a new effort by the Justice Department on Thursday to target corporate sanctions evasion and other financial crimes that implicate national security. “To address the increasing intersection of corporate crime and national security, the Department is today announcing significant restructuring and resource commitments within the

By Laura He, CNN One of China’s richest women has fully taken over Country Garden, a top real estate developer, after her father resigned, which added to a string of prominent entrepreneurs retreating from their posts during a historic downturn in the property market. Yang Huiyan succeeded her father Yang Guoqiang as chairman of the

By Rhea Mogul and Vedika Sud, CNN Foreign ministers from the world’s biggest economies convened in New Delhi Thursday in what was seen as a grand test for Indian diplomacy, which ultimately didn’t succeed in reaching a consensus because of Russia’s ongoing invasion of Ukraine. In the second high-level ministerial meeting under India’s Group of

By Danielle Wiener-Bronner, CNN Starbucks has displayed “egregious and widespread misconduct” in its dealings with employees involved in efforts to unionize Buffalo, New York, stores, a National Labor Relations Board judge said in an order Wednesday. As a result, the company must reinstate and make whole a number of workers who were let go from

By Nathaniel Meyersohn, CNN Amazon, Uber and Lyft recently ended extra fuel surcharges as gas prices dropped late last year. But there’s a catch. Beginning last March, Uber riders were paying an extra $0.45 or $0.55 in fees per trip and an additional $0.35 or $0.45 for Uber Eats food delivery, depending on the location.

By Oliver Darcy, CNN Business Former House Speaker Paul Ryan was grilled last week over his decision to remain on the board of directors of Fox News’ parent company after damning court documents showed that the right-wing network knowingly peddled election lies to its audience. In the interview, conducted by conservative commentator Charlie Sykes at

By Chris Isidore, CNN Shares of upstart EV maker Rivian plunged more than 16% Wednesday after ithe company reported disappointing revenue and gave 2023 delivery guidance that fell short of Wall Street hopes. The company reported a loss excluding special items of $1.6 billion in the fourth quarter, up from $1.2 billion in the year-earlier

By Anna Cooban, CNN One of Europe’s biggest media groups has warned journalists that artificial intelligence (AI) could steal their jobs, and has provided tips for how reporters can avoid the chop. The chief executive of Axel Springer — which owns Insider, Politico and German tabloid newspaper Bild — told employees in a memo Tuesday

By Oliver Darcy, CNN Business The Fox Corporation board has a huge mess on its hands — and it needs to work quickly to clean it up. That’s according to Jeffrey A Sonnenfeld, the renowned professor and senior associate dean for leadership studies at the Yale School of Management. Sonnenfeld told CNN on Tuesday that

By Jordan Valinsky, CNN Business As sales of canned cocktails and of tequila soar, High Noon is looking to capitalize on that combo. The top-selling adult beverage is introducing a tequila seltzer to its portfolio, marking the four-year-old brand’s first extension beyond its popular vodka lineup. High Noon Tequila Seltzer hits shelves Wednesday in the

By Nicole Goodkind, CNN The next generation of traders has blown the doors off an elitist Wall Street ritual, with Goldman Sachs, Chevron and Tesla all holding glitzy and widely publicized “investor days” this week in place of an intimate conference with shareholders. While Tesla’s investor day on Wednesday marks the first such presentation for

By Julia Horowitz, CNN Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement across oceans struggle to work out exactly who is ferrying it. As Western sanctions against Russia have escalated over its invasion of Ukraine, more ships have joined an existing

By Laura He, CNN The team of Communist Party officials running China’s economy is about to get a major makeover. Party elites have just finalized nominations for key government positions ahead of the annual gathering of the National People’s Congress, the country’s rubber-stamp legislature, which starts on Sunday. They include the four men tapped to

By Heather Chen, CNN Nestlé has announced that it will close its sole factory and head office in Yangon, Myanmar’s largest city, as it switches to a more “sustainable” business model amid ongoing turmoil in the country. Myanmar has been rocked by violence and instability since 2021 when a military coup ousted democratically elected leader

By Laura He, CNN China’s factory activity has expanded at the fastest pace in more than a decade, as the world’s second largest economy staged what economists are calling a “very rapid” rebound after reopening from zero-Covid. The government’s official purchasing managers’ index (PMI) for the manufacturing industry hit 52.6 in February, the highest level

By Allison Morrow, CNN Fox Chairman Rupert Murdoch said under oath that he made a business decision when allowing a conspiracy theorist to promote election lies on Fox News. “It is not red or blue; it is green,” he told lawyers in a deposition made public Monday. But spreading falsehoods about the 2020 presidential election

By Nicole Goodkind, CNN 2022 was the worst year on record for bonds. Despite a promising start, 2023 is starting to look rough, too. The recent global bond rally appears to be tapering off as investors are getting a cold wet dose of reality about Fed rate hikes. Bad news for bonds could spell bad

By Rhea Mogul, CNN Dancing South Korean diplomats have won the hearts of millions of Indians with their viral video performance of Oscar-nominated song “Naatu Naatu,” reinforcing Seoul’s soft power diplomacy and even earning a nod of approval from India’s leader. In a video clip posted to Twitter on Sunday, staff from South Korea’s embassy