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By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Nearly 50,000 members of the International Longshoremen’s Association (ILA) are on strike Tuesday against the nation’s East and Gulf Coast ports, choking off the flow of many of America’s imports and exports in what could become the country’s most disruptive work stoppage in decades.

By Liam Reilly, CNN (CNN) — Radio network Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately $1.9 billion of funded debt by 80%, to $350 million. The Philadelphia-based company has seen bottom-line growth, which it said has been accomplished via gains in revenue shares, increased digital revenue growth, audience

By Pete Muntean, CNN New York (CNN) — The head of the National Transportation Safety Board blasted the Federal Aviation Administration, saying the agency is not taking seriously enough the potential for jammed flight controls on some Boeing 737s. In a new letter shared with CNN, NTSB Chair Jennifer Homendy wrote FAA Administrator Mike Whitaker

Story by Reuters (CNN) — Stellantis said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire risks after 13 fires were reported, and it told owners to park outside and away from other vehicles until recall repairs are completed. The Italian-American automaker is recalling some 2020 through 2024 model year Jeep

By Clare Duffy, CNN New York (CNN) — Apple had been counting on new artificial intelligence features to make the iPhone 16 a major hit. But pre–sale estimates point to a more muted early response than Apple had hoped. Apple needed the iPhone 16 to be a big seller after years of sluggish iPhone sales.

By Brian Stelter, CNN (CNN) — One caller was trying to find her brother. Another was asking about evacuation routes. A third was wondering if another tropical storm was on the way. And many callers expressed the same sentiment: “I’m just so proud of my neighbors.” All of the calls were broadcast live Sunday across western

By Jordan Valinsky, Ramishah Maruf and Liam Reilly, CNN New York (CNN) — DirecTV announced Monday it’s buying rival Dish Network, ending multiple decades of on-and-off talks about the satellite services merging. The companies have struggled to retain subscribers in the streaming era. As platforms like Netflix, Hulu and Amazon’s Prime Video have gained traction,

By Hanna Ziady, CNN London (CNN) — Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals. Stellantis (STLA), which also makes Ram Trucks and Jeep, Citroen and Peugeot cars, said

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Time is running out to avoid a work stoppage at ports along the entire East and Gulf Coasts in what could become the most disruptive strike to the US economy in decades. Members of the International Longshoremen’s Association are set to go on strike

By Samantha Delouya, CNN (CNN) — Just 2.5% of homes in the US changed hands this year in the first eight months, the lowest turnover rate in at least 30 years, according an analysis by Redfin. The latest data from the real estate brokerage underscores just how much the housing market has stalled in 2024

By Brian Stelter, CNN New York (CNN) — Amazon attracts millions of live viewers for Thursday Night Football games. The company also carries A-list concert performances and a seemingly endless number of shopping live-streams. Up next: One special night of news coverage. The former NBC News and MSNBC anchor Brian Williams is nearing a surprise deal to lead election

Story by Reuters (Reuters) — California Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation. Newsom said he had asked leading experts on Generative AI to help California “develop workable guardrails” that focus “on developing an empirical,

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — If longshore workers at East and Gulf Coast ports go on strike Tuesday, as now appears likely, it could choke off the supplies of many popular products that flow over those docks. But not necessarily right away. Businesses have been nervously watching the 12:01

By Nathaniel Meyersohn and Chris Isidore, CNN New York and Chicago (CNN) — Chicago, America’s third-biggest city, is on the verge of losing its only intercity bus terminal, jeopardizing access for many low-income, elderly and minority travelers with few other transportation options. It’s part of a nationwide trend. Greyhound’s lease for its terminal in Chicago

By Robert Ilich, CNN New York (CNN) — Mark Zuckerberg’s wallet keeps getting fatter. The Meta CEO is now the second-richest person in the world, overtaking Jeff Bezos and Bernard Arnault. With a personal fortune of $206 billion, according to recent figures from Bloomberg’s Billionaire Index, he now only trails Elon Musk. Recent figures from

By Ramishah Maruf, CNN New York (CNN) — When Jordan Myrick first moved to California in high school and heard about dirty sodas, she wasn’t the biggest fan. “It was a weird thing,” Myrick said. But in 2023, Myrick, who said she is “very passionate about soda,” visited Utah on a “The Real Housewives of

By Allison Morrow, CNN New York (CNN) — What do you get when you combine lower interest rates and a viral baby pygmy hippo? Moo Deng crypto. Given the sudden popularity of Moo Deng, the Thai national treasure whose name roughly translates as “bouncy pork,” it was only a matter of time before someone turned

By Ramishah Maruf, CNN New York (CNN) — Uber is cashing in on spooky season. The ridehailing company will now deliver costumes, makeup, and even decorations from Spirit Halloween, the largest Halloween retailer in North America, Uber announced in a press release Friday. Big-box retailers are getting into Halloween earlier and earlier, suggesting American consumers

By Krystal Hur, CNN New York (CNN) — The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve. Last week, the S&P 500 and Dow surged to new highs after the Fed

By Jordan Valinsky, CNN New York (CNN) — WeightWatchers CEO Sima Sistani, who pushed the company into embracing weight-loss drugs, is leaving the position after a two-and-a-half year stint. Under Sistani, the 61-year-old company bought a telehealth platform that connected patients with doctors who can prescribe weight-loss and diabetes drugs, including Ozempic and Wegovy, representing

By Elisabeth Buchwald, CNN New York (CNN) — Americans and Federal Reserve officials have news to celebrate: Inflation cooled significantly last month, likely giving central bankers more confidence to continue cutting interest rates. The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the

By Juliana Liu, CNN Hong Kong (CNN) — The billionaire owner of French luxury powerhouse LVMH has seen his wealth inflate by $17 billion dollars in just one day, after China announced fresh moves to restore economic growth that some call the long-awaited “bazookas” needed to revive confidence. Bernard Arnault isn’t the only winner. China and

By Matt Egan, CNN (CNN) — A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. United Atlantic Ventures, managed by Trump Media

By Pete Muntean, CNN (CNN) — The National Transportation Safety Board is issuing “urgent safety recommendations” for some Boeing 737s—including the embattled 737 MAX line— warning that critical flight controls could jam. The independent investigative agency is issuing the warning that an actuator attached to the rudder on some 737 NG and 737 MAX airplanes

By Marshall Cohen, CNN The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major defamation lawsuit Thursday in a last-minute agreement, averting a high-stakes trial over the airing of false 2020 election claims. The terms of the settlement were not immediately known. The deal comes hours after jury selection got underway in a Wilmington, Delaware, courtroom ahead of opening statements

By Jordan Valinsky and Brian Stelter, CNN New York (CNN) — Hoda Kotb, the co-host of NBC’s morning show, “Today,” is leaving her position early next year, she announced Thursday. Kotb, one of the most famous faces on NBC, has co-hosted the program with Savannah Guthrie since 2017, taking over from Matt Lauer, who was

By Chris Isidore, CNN New York (CNN) — Southwest Airlines’ substantial changes to its business and boarding process are coming – but not for a while. Open seating isn’t going away for more than a year. The airline said on Thursday that its passengers will be able to book a reserved seat in late 2025

By Jordan Valinsky, CNN New York (CNN) — Three things seem certain to happen in life: death, taxes and the prices of stamps going up. The United States Postal Service announced that First-Class postage, currently at 73 cents, will go up five times through 2027, according to a detailed document submitted this week to the Postal Regulatory

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Longshore workers at ports from Maine to Texas are set to walk off the job early Tuesday, staging what could become the most disruptive strike to the US economy in decades. The strike could stop the flow of a wide variety of goods over

By Jordan Valinsky, CNN New York (CNN) — McDonald’s has become notorious for its broken ice cream machines — there’s even an independent website that monitors broken McFlurry machines. So Wendy’s is taking advantage. Wendy’s is selling small-sized, $1 Frosty frozen dairy desserts until September 30 — and it’s collaborating with McBroken, which reports which

By Hadas Gold, CNN New York (CNN) — The fate of Rupert Murdoch’s vast media empire, including Fox News, is now in the hands of a Reno probate commissioner, who will decide whether the 93-year-old media mogul can change his succession plan to preserve the right-wing editorial bent of his influential outlets. Murdoch and his eldest children descended on a Reno courthouse to appear for evidentiary hearings in a

By Bryan Mena, CNN Washington (CNN) — President Joe Biden proudly touts the return of manufacturing jobs to America — but despite the investments and subsidies, it’s an industry in the US that is now languishing after just barely recovering from the Covid-19 pandemic. And it’ll be tough for either Vice President Kamala Harris or

By Matt Egan, CNN (CNN) — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. However, a new analysis finds that the Republican presidential nominee’s plans for tariffs, deportations and the Federal Reserve would not only fail

By Marshall Cohen, CNN Washington (CNN) — Jury selection is set to begin Thursday in a closely watched defamation trial pitting voting technology company Smartmatic against the right-wing cable network Newsmax, in a high-stakes case over the airing of false 2020 election claims. Barring a last-minute settlement, which is common in cases like these, both sides are

By Clare Duffy, CNN New York (CNN) — OpenAI’s executive exodus is continuing with three top leaders announcing their exits Wednesday, including Chief Technology Officer Mira Murati. Murati — who has been instrumental in the development of ChatGPT and the artificial intelligence image generator Dall-E — said Wednesday afternoon in a post on X that

By Clare Duffy, CNN New York (CNN) — Facebook and Instagram users will now be able to talk to voices that sound a lot like John Cena and Judi Dench. They won’t be the real actors, though, but an artificial intelligence chatbot. Parent company Meta (META) announced Wednesday that it is adding voice conversations and

By Hadas Gold, CNN New York (CNN) — Interested in owning Alex Jones’ conspiracy theory empire, Infowars? Its parent company, Free Speech Systems, is now officially up for sale following the approval of a Texas bankruptcy judge on Tuesday. Everything from the Infowars.com domain, to its social media accounts, subscriber list, and even production equipment and studio set will be auctioned off piece by

By Jeanne Sahadi, CNN (CNN) — If your employer lets you work remotely one or more days a week, and you highly value that kind of flexibility, you probably didn’t love hearing last week that Amazon will soon require its corporate employees to return to the office five days a week. Or that Dell in

By Anna Cooban, CNN London (CNN) — A “misleading” online advertisement for $35 Nike sneakers has been banned in Britain for failing to make clear that the product was actually targeted at children and therefore the offer didn’t represent a true discount for adults. The ad featured a pair of sneakers next to the caption: “Now

By Krystal Hur, CNN New York (CNN) — The 2024 monster gold rally is picking up steam. The most actively traded gold futures contract has hit repeated highs this year, most recently notching a fresh record of $2,687.30 on Tuesday before retreating. That comes after the Federal Reserve slashed US interest rates by a supersized

By Matt Egan, CNN New York (CNN) — Supermarket prices are no longer skyrocketing – except, of course, if you’re buying eggs. Egg prices spiked by 28.1% in August from 12 months ago, easily the biggest increase out of any food item tracked by the Bureau of Labor Statistics. The sticker shock in the egg

By Pete Muntean, CNN Washington (CNN) — Boeing factory workers felt pressured to prioritize production speed over quality and said they did not receive enough training to properly perform their jobs, according to the results of a special investigation by the Federal Aviation Administration (FAA) published Wednesday. The never-before-disclosed results of a six-week-long FAA special

By Juliana Liu, CNN Hong Kong (CNN) — Beijing says it’s investigating fashion retailer PVH Corp, the owner of Calvin Klein and Tommy Hilfiger, for refusing to source cotton from the Xinjiang region, in a move that could lead to sanctions on an American company with major business interests in China. Tuesday’s announcement from the Commerce

By Jon Passantino and Liam Reilly, CNN (CNN) — The FBI on Monday reported that violent crime dropped across the US last year, registering the steepest annual decline in murders in decades. But the report was almost entirely ignored by right-wing media outlets, which have pushed a false narrative that crime is surging under President

By Hannah Rabinowitz, CNN New York (CNN) — The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market. For more than a decade, the department alleges, Visa has abused its dominant positionin the debit card market to force businesses to use Visa’s network instead of competitors’, and to stop new alternatives from entering the market. “We allege that

By Bryan Mena, CNN Washington (CNN) — America’s slowing job market is taking a toll on people’s moods. The Conference Board’s latest consumer survey showed that Americans became much more pessimistic about the US economy’s current health and the future of the job market. The monthly survey’s Consumer Confidence Index fell to a reading of

By Chris Isidore and Pete Muntean, CNN New York (CNN) — Boeing still has to make “significant changes” to improve the quality and safety of its airplanes, according to the head of the Federal Aviation Administration. In a congressional hearing on the FAA’s oversight of Boeing set for Tuesday morning, agency Administrator Michael Whitaker told

By Olesya Dmitracova, CNN London (CNN) — TikTok has removed accounts associated with two Russian media groups for trying to exercise what it called “covert influence” on the upcoming US presidential election, in violation of its guidelines. The accounts are linked to Rossiya Segodnya and TV-Novosti, the organizations behind the Sputnik news agency and the

By Jordan Valinsky, CNN New York (CNN) — Coca-Cola is discontinuing the production of its new Spiced flavor just six months after the soda hit shelves, marking the end of a disappointing attempt to attract younger drinkers. The company said in a statement that Coca-Cola is “always looking at what our customers like and adjusting”

By Elisabeth Buchwald, CNN New York (CNN) — It’s easy to see why many Americans would welcome former President Donald Trump’s proposal to cap credit card interest rates at less than half their current level — even if only temporarily. At $1.14 trillion, Americans’ credit card debt is at a record high, according to data

By Matt Egan, CNN New York (CNN) — More than 400 economists and former high-ranking US policymakers are endorsing Vice President Kamala Harris and her vision for the American economy, according to a document announcing the endorsement seen by CNN. The mass endorsement lands as Harris tries to erode former President Donald Trump’s lead on

By Julia Vargas Jones (CNN) — After a blackout of more than three weeks, X appears ready to comply with court orders in Brazil to restore access to its 21 million users in the country and end a protracted fight between billionaire CEO Elon Musk and the country’s highest court. Lawyers for X informed Brazil’s

By Clare Duffy, CNN New York (CNN) — Messaging platform Telegram is making some new concessions around safety and user privacy after the arrest of its founder and CEO Pavel Durov in France last month. Durov was arrested and interviewed by French prosecutors over suspected criminal activity on the platform, including gang transactions and trafficking,

By Sean Lyngaas, CNN (CNN) — A Pennsylvania health care system this month agreed to pay $65 million to victims of a February 2023 ransomware attack after hackers posted nude photos of cancer patients online, according to the victims’ lawyers. It’s the largest settlement of its kind in terms of per-patient compensation for victims of

By Ramishah Maruf, CNN New York (CNN) — In 2017, adult party game Cards Against Humanity bought land on the US-Mexico border to meddle with former President Donald Trump’s border wall. Now it’s suing over that land after another controversial billionaire has allegedly moved in without permission. Chicago-based Cards Against Humanity LLC, the publisher of

By Chris Isidore, CNN New York (CNN) — Kmart, once one of America’s leading discount retailers, is closing its last full-size store in the mainland United States. The store, in Bridgehampton, New York, on Long Island, is due to close October 20, according to an employee who answered the phone at the store Monday morning

By Sean Lyngaas and Kyle Feldscher, CNN (CNN) — The US Commerce Department on Monday will propose a ban on the sale or import of smart vehicles that use specific Chinese or Russian technology because of national security concerns, according to US officials. A US government investigation that began in February found a range of national security

By Jordan Valinsky, CNN New York (CNN) — Finally, an emoji to represent us all is coming soon: An exhausted face with bags under its eyes. It’s one of eight new emoji that will appear on smartphones and computers next year, which also include a root vegetable, a harp, a leafless tree, a fingerprint, a

By Clare Duffy, CNN New York (CNN) — OpenAI has claimed that creating ChatGPT would have been impossible without using copyrighted works. LinkedIn is using user resumes to polish up its artificial intelligence model. And Snapchat says if you use a certain AI feature, it might put your face in an ad. These days, people’s

By Nadia Leigh-Hewitson, CNN (CNN) — You’ve probably experienced the frustration of being misheard or misunderstood by a smart speaker or AI assistant. For people with non-standard speech, it can happen in nearly every interaction with this kind of technology — Israeli company Voiceitt aims to change that. By using personalized voice models, its AI-powered

By Jeanne Sahadi, CNN (CNN) — No matter how much money you have, every adult faces countless financial decisions every year — how to stay afloat, prosper, prepare for the future, enjoy life and minimize hardship. It’s … a lot. So if you’re looking for help along the way, there are plenty of increasingly low-cost

By Chris Isidore, CNN New York (CNN) — One of the most painful issues dividing labor and management in the strike at Boeing is the loss of the traditional pension plan for union members in 2014. The dispute has echoes of past labor disputes at Boeing, and at other companies, where workers have lost what

By Ramishah Maruf, CNN New York (CNN) — It’s not just you. Everything is shrinking. This week, Trader Joe’s restocked the $2.99 mini tote bags that were resold for as much as $500 on eBay earlier this year. Stores prominently display travel-sized haircare, skincare and makeup products. TikToks of micro beauty bags being stuffed with

By Jordan Valinsky, CNN New York (CNN) — With movies hitting streaming services faster than ever and consumers cutting back on spending, moviegoers might feel a bit less enthused to head to their multiplex these days. That’s why the biggest theater chains in the United States and Canada have a $2.2 billion plan to bring

Reuters, CNN’s Chris Isidore (Reuters) — Boeing said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company effective immediately. The planemaker said Steve Parker, the unit’s chief operating officer, will take over Colbert’s responsibilities until a replacement is named at a later date. “I’d like

By Clare Duffy, CNN New York (CNN) — The Securities and Exchange Commission intends to seek sanctions against Elon Musk over his failure to appear for testimony in an investigation related to his takeover of Twitter, now called X, the regulator said in a court filing Friday. Earlier this year, a federal judge ordered Musk

Reuters (Reuters) — A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $8 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby powder and other talc products caused cancer. J&J’s Red River Talc unit

By Elisabeth Buchwald, CNN New York (CNN) — Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday. What made this time different?

By Krystal Hur, CNN New York (CNN) — With the Federal Reserve shifting gears and cutting interest rates by a half point, it’s time for investors, households and businesses to take a long hard look at where their money is. The Fed on Wednesday lowered interest rates, marking the first rate cut since March 2020.

By Chris Isidore, CNN (CNN) — FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy. The company, sometimes seen as a bellwether for the US and global economies by investors, focused most of its

By Anna Chernova and Lauren Kent, CNN (CNN) — Chechen leader Ramzan Kadyrov has accused Tesla CEO Elon Musk of “remotely disabling” his Cybertruck, which had been sent to the frontline of Russia’s war in Ukraine. Kadyrov claimed Thursday that the vehicle, which he said had been outfitted with a machine gun and was “performing well

By Nathaniel Meyersohn, CNN New York (CNN) — Self-service kiosks at McDonald’s and other fast-food chains have loomed as job killers since they were first rolled out 25 years ago. But nobody predicted what actually happened. In one of the earliest mentions of kiosks in fast-food settings in 1999, now-defunct trade industry publication Business Information

By Jordan Valinsky, CNN New York (CNN) — Three Mile Island, the site of worst nuclear disaster in the United States, is reopening and will exclusively sell the power to Microsoft as the company searches for energy sources to fuel its AI ambitions. Constellation Energy announced Friday that its Unit 1 reactor, which closed five

By Anna Cooban, CNN London (CNN) — The European Union will lend Ukraine up to €35 billion ($39 billion), providing the lion’s share of a $50 billion loan agreed by G7 nations earlier this year. European Commission President Ursula von der Leyen announced the loan Friday in a post on X as part of her

By Samantha Delouya, CNN (CNN) — On Wednesday, the Federal Reserve cut interest rates for the first time since the early days of the COVID-19 pandemic, slashing its benchmark rate by half a percentage point and signaling more rate cuts by the end of the year. The housing market is one of the most interest-rate-sensitive

By Brian Stelter, CNN New York (CNN) — One of America’s most acclaimed magazine writers, Olivia Nuzzi of New York magazine, has been placed on leave while a “third-party review” is conducted after the publication said Nuzzi disclosed that she “had engaged in a personal relationship with a former subject relevant to the 2024 campaign

By Chris Lau, Marc Stewart and Martha Zhou, CNN Beijing/Hong Kong (CNN) — As a wedding photographer, Tan Mengmeng’s livelihood depends heavily on people getting married, capturing the joy and happiness of a couple’s love. But China’s marriage rate has been steadily declining and the 28-year-old, who runs a photography studio in central Henan province,

By Nathaniel Meyersohn, CNN New York (CNN) — Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup. The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a veteran former Nike executive. Nike’s stock rose 9% during after-hours trading

By Ramishah Maruf, CNN New York (CNN) — First, YouTube subjected viewers to longer unskippable ads. Now, not even pausing your screen will let users escape. The Google-owned platform confirmed Thursday that it has “widely rolled out Pause ads to all advertisers.” When the video is paused, an ad will pop up on the side

By Hadas Gold, CNN New York (CNN) — A group of news organizations filed an emergency petition Thursday, asking Nevada’s highest court to unseal the ongoing family succession battle playing out in a Reno courtroom that will determine the future of Rupert Murdoch’s vast media empire. Murdoch is seeking to amend the family trust that he established decades ago, giving his four oldest children equal

By Bryan Mena, CNN Washington (CNN) — Mortgage rates continued to decline this week, taking a little more pressure off America’s tight housing market as the Federal Reserve ramps up its efforts to keep the economy on an even keel. The standard, 30-year fixed-rate mortgage averaged 6.09% in the week ended September 19, Freddie Mac said Thursday, down from last week’s 6.20% and

By Krystal Hur, CNN New York (CNN) — Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow closed 522 points, or 1.3%, higher, reaching a new record after passing the 42,000 level for the first time. The S&P 500 rose 1.7%, topping 5,700 for the first time and

By Jordan Valinsky, CNN New York (CNN) — Once a holdout on offering delivery for the casual diner, Olive Garden is reversing course and will use Uber to deliver breadsticks and pasta. Darden Restaurants, the chain’s parent company, announced Thursday an “exclusive multi-year delivery partnership” with Uber that will begin later this year at a

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group. And the pace of losses will climb

By Matt Egan, CNN Washington (CNN) — One of the most powerful people on the planet has been blocked from selling one of his most prized assets. Until now. The restraints preventing former President Donald Trump from selling shares in his social media company are set to expire as soon as Thursday afternoon. This will

By Chris Lau, CNN Hong Kong (CNN) — Hong Kong aviation investigators say an engine problem that caused Cathay Pacific to ground its entire fleet of Airbus A350 jets for inspection earlier this month could have escalated into “extensive damage.” Cathay canceled dozens of flights in early September, citing the need to inspect its A350

By Liam Reilly, CNN New York (CNN) — Elon Musk is using his social media platform to promote misinformation about the presidential candidates in the lead up to the November election, amplifying false claims Wednesday about a Trump rally bomb threat and immigrants eating pets in Ohio. While Musk’s posting of provocative, incendiary content on X is nothing new,

By Jeanne Sahadi, CNN (CNN) — The Federal Reserve delivered a half percentage point interest rate cut on Wednesday – its first cut since March 2020. Wednesday’s move is expected to be the first of several rate cuts over the next year or two. But it alone may not immediately have a big impact on

CNN By Alexandra Banner, CNN (CNN) — Here’s what else you need to know to Get Up to Speed and On with Your Day. 1. Economy In a significant shift for the US economy, the Federal Reserve on Wednesday announced a jumbo-sized interest rate cut for the first time in four years. The half-point move is

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Boeing is temporarily furloughing executives and other nonunion workers to save cash during the strike by 33,000 members of the International Association of Machinists, CEO Kelly Ortberg told employees in an email Wednesday. The furloughed employees will keep their benefits and they will be

By Jordan Valinsky, CNN New York (CNN) — Five contestants competing on a MrBeast-hosted reality competition show have filed a proposed class-action lawsuit against the YouTube star’s production company and Amazon, claiming they were denied pay, forced to participate in unsafe conditions and subjected to a “culture of misogyny and sexism.” The lawsuit was filed

By Jordan Valinsky, CNN New York (CNN) — With its line-up of sweet snacks, Hershey isn’t known as a purveyor of diet foods. However, the company’s newest products are made specifically for those on a fitness kick. As the use of weight-loss drugs — notably Ozempic and Wegovy — grows, the 130-year-old confectionery company is

By Anna Cooban, CNN London (CNN) — “Millions” of people could fall victim to scams using artificial intelligence to clone their voices, a UK bank has warned. Starling Bank, an online-only lender, said fraudsters are capable of using AI to replicate a person’s voice from just three seconds of audio found in, for example, a

By Hadas Gold, CNN New York (CNN) — Macollvie Neel, editor of the Haitian Times, was ready to start her workday from home on Monday when her doorbell rang. What she thought might be a delivery turned out to be more than a half-dozen police officers. “I looked and there were police cruisers outside my house,”

By Wayne Chang, Eric Cheung, Nectar Gan, Balint Bardi and Kara Fox, CNN New Taipei City and Budapest (CNN) — A Taiwanese electronics manufacturer has said that a tiny European company made the pagers linked to the deadly attack targeting Hezbollah members in Lebanon on Tuesday, as a fresh wave of walkie-talkie explosions rocked parts

By Jordan Valinsky, CNN New York (CNN) — Wednesday is National Cheeseburger Day, with some of the biggest chains offering some much-needed discounts amid consumer complaints about rising prices. McDonald’s, the biggest company, is selling 50-cent double cheeseburgers when they’re ordered in its app – about 45 cents more than what the chain’s original hamburger cost in

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards. It marks a crucial milestone for the central bank’s historic inflation fight, which kept rates at a bruising 23-year high for more than

By Ramishah Maruf and Olesya Dmitracova, CNN New York/London (CNN) — Tupperware, known the world over for its plastic food storage containers, has filed for bankruptcy after years of falling popularity and financial troubles. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman,