Money

By Jordan Valinsky, CNN Business Subway, one of the world’s most recognizable fast food brands, has confirmed it’s up for sale. The 58-year-old company said in a statement Tuesday that its shareholders are “exploring a possible sale” of the company and that it has hired J.P. Morgan to help conduct the process. Subway warned that

By Peter Valdes-Dapena, CNN Hyundai and Kia are offering a new free software patch to owners of 8.3 million vehicles that are so easy to steal that some insurance companies refuse to offer coverage for them in certain markets. The vehicles in question, 2015-2019 Hyundai and Kia models with turn-key ignitions — as opposed to

By Swati Gupta and Olesya Dmitracova, CNN India’s market regulator is looking into the explosive allegations against Adani Group made by US short seller Hindenburg Research, which accused the conglomerate of “the largest con in corporate history.” The claims, published in late January, set off a crash in the company’s market value and robbed its

By Michelle Toh, CNN New York’s top financial regulator has ordered a crypto company to stop minting a major stablecoin, widening a clampdown on the embattled digital assets sector. Paxos, a blockchain company, announced Monday that it had been instructed by the New York State Department of Financial Services (NYDFS) to stop issuing BUSD, a

By Manveena Suri, Kunal Sehgal and Rhea Mogul, CNN Indian tax authorities raided the BBC’s offices in New Delhi and Mumbai on Tuesday, weeks after the country banned a documentary from the British broadcaster that was critical of Prime Minister Narendra Modi’s alleged role in deadly riots more than 20 years ago. BBC News reported

By Heather Chen, CNN One of Cambodia’s last remaining independent media outlets has been shut down by Prime Minister Hun Sen ahead of national elections in July, in a move condemned by rights groups as a blow to press freedom. Based in the capital Phnom Penh, Voice of Democracy (VOD), a local outlet run by

By Peter Valdes-Dapena, CNN Business Ford is investing $3.5 billion to build a battery plant in Michigan, a move that will help the automaker take advantage of more federal tax credits for electric vehicles. The plant will operate as a wholly owned subsidiary of Ford Motor Co. but will build batteries using “knowledge” and services

By Jeanne Sahadi, CNN Secure 2.0, the new retirement rules that lawmakers passed in late December, includes several provisions that will make the tax-free savings vehicle known as a Roth more accessible and flexible. And, in one instance, it will mandate that some higher-income earners put a portion of their 401(k) savings in a Roth

By Nicole Goodkind, CNN Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation and interest rates have taken a big bite out of debt-laden tech companies that expected pandemic-era growth to continue and US credit card debt reached

By Danielle Wiener-Bronner, CNN The much-hyped M&M’s Super Bowl commercial that was supposed to clarify the status of the brand’s “spokescandies,” which were put on pause after they were criticized by right-wing pundits, finally aired on Sunday, and it was, well, confusing. In it, actress and comedian Maya Rudolph tosses handfuls of the colorful candies

By Ramishah Maruf, CNN Workers at a Southern California Medieval Times have walked off the job and went on strike before their second performance of the day Saturday, the union confirmed. About 25 of the 50 workers in their bargaining unit walked out at the Buena Park location, said Erin Zapcic, lead organizer of Medieval

By Ramishah Maruf, CNN Electric carmaker Tesla will face a hit on Super Bowl Sunday, when an ad will play showing the alleged dangers of its Full Self-Driving technology. The commercial, which will be aired in Washington, DC, Austin, Tallahassee, Albany, Atlanta and Sacramento does not paint Tesla in the best light. The ad is

By Paul R. La Monica, CNN With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. The American Gaming Association is predicting that more than 50 million people will bet about $16 billion on the National Football League championship game between the Kansas City Chiefs

By Paul R. La Monica, CNN Many people don’t have the time or inclination to do deep research on stocks. It’s often easier to buy an exchange-traded fund that owns a basket of the top blue chips, like Apple, Microsoft and Amazon. Other investors like to bet on themes and memes instead of poring over

By Rhea Mogul, CNN For centuries, cows have been considered sacred by India‘s majority Hindu population, a symbol of both the Earth and the divine. Indeed, so revered are the animals that authorities had planned to rebrand this Valentine’s Day as “Cow Hug Day”, hoping the move would both boost citizens’ “emotional richness” and strike

By Brian Rokus, CNN The US Commerce Department is restricting six Chinese companies tied to the Chinese army’s aerospace programs from obtaining US technology without government authorization. The move comes after a Chinese balloon suspected of carrying out surveillance flew over the US last week, raising political tensions between the world’s two largest economies. US

By Ramishah Maruf, CNN The Consumer Product Safety Commission reiterated its warning about the hazards of some popular Baby Trend-brand strollers Friday, which led to the death of a toddler and injury of another. On Thursday, the CPSC and Baby Trend warned consumers about a head or neck entrapment risk on the Sit N’ Stand

By Elle Reeve and Samantha Guff, CNN Sitting across from Jimmy Fallon on “The Tonight Show,” Paris Hilton, wearing a sparkling neon green turtleneck dress and a high ponytail, looked at a picture of a glum cartoon ape and said it “reminds me of me.” The audience laughed. It did not look like her at

By Alicia Wallace, CNN December consumer prices rose from the month before and did not fall as previously thought, according to revised data from the Bureau of Labor Statistics released Friday. The newly calibrated Consumer Price Index shows that prices rose 0.1% on a seasonally adjusted basis in December from November versus a previously estimated

By Oliver Darcy and Betsy Klein, CNN The White House says President Joe Biden will not sit down for an interview with Fox before the Super Bowl, ending a strange back and forth between the Biden administration and the television network with which it frequently spars. Earlier Friday, White House Press Secretary Karine Jean-Pierre said

By Alicia Wallace, CNN Easing inflation and a strong labor market are helping consumers feel better about the economy this month, according to a closely watched survey released Friday by the University of Michigan. The preliminary consumer sentiment index for February increased to 66.4 from 64.9 in January, the university reported Friday. That’s the best

By Jordan Valinsky, CNN Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. The company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion euro) in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. Adidas ended its nine-year partnership with the rapper last

By Nathaniel Meyersohn, CNN The sports gambling gold rush is coming at a high cost. In 2018, the Supreme Court struck down a federal ban on commercial sports betting in most of the country. Thirty-three states have made sports gambling legal in the wake of the decision. Now, on Super Bowl Sunday, a record 50.4

By Julia Horowitz, CNN When US President Joe Biden signed the Inflation Reduction Act into law, he enacted the biggest climate investment in American history — a landmark moment for a nation that pumps more carbon into the atmosphere than any country bar China. “Our Department of Energy estimates that the new law will reduce

By Anna Cooban and Radina Gigova, CNN Russia will cut crude oil production by half a million barrels per day starting in March, a little over two months after the world’s major economies imposed a price cap on the country’s seaborne exports. “We will not sell oil to those who directly or indirectly adhere to

By Danielle Wiener-Bronner, CNN Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning singer Rosalía. As with its other high-concept flavors, Coca-Cola isn’t sharing what Move is actually supposed to taste like. Like Starlight, Byte and Dreamworld before it, Move doesn’t have a traditional flavor, such as cherry. Instead, the

By Oliver Darcy, CNN President Joe Biden has not yet committed to a pre-Super Bowl interview with Fox News, a person at the channel familiar with the matter said, a move that suggests the Democrat may buck the tradition of granting the network broadcasting the big game an interview. “We don’t have a formal no,