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By Ramishah Maruf and Clare Duffy, CNN New York (CNN) — A major ad industry group is shutting down, days after Elon Musk-owned X filed a lawsuit that claimed the group illegally conspired to boycott advertising on his platform. “GARM is a small, not-for-profit initiative, and recent allegations that unfortunately misconstrue its purpose and activities

By Elisabeth Buchwald, CNN New York (CNN) — The dog days of summer have traditionally been prime time for retailers to stock shelves with folders, lunch boxes and backpacks. But suddenly those items are sharing real estate with skeletons, witches and ghosts. Coming right on the heels of last year’s Summer Christmas, welcome to Summerween.

CNN By Liam Reilly and Jon Passantino, CNN New York (CNN) — Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. The layoffs, which will affect around

By Liam Reilly and Jon Passantino, CNN New York (CNN) — Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. The layoffs, which will affect around 2,000

By Clare Duffy, CNN New York (CNN) — OpenAI is worried that people might start to rely on ChatGPT too much for companionship, potentially leading to “dependence,” because of its new human-sounding voice mode. That revelation came in a report Thursday from OpenAI on the safety review it conducted of the tool — which began

By David Goldman, CNN (CNN) — The war of words over Delta’s massive service meltdown, set off by CrowdStrike’s disastrous software update, has grown ugly. In a letter sent Thursday to CrowdStrike’s attorneys written by Delta’s high-powered lawyer, David Boies, the airline lashed out at the cybersecurity company, which has apologized for introducing a bug

By Bryan Mena, CNN Washington (CNN) — US mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. It’s a big step in the right direction for America’s notoriously unaffordable housing market. The standard 30-year fixed-rate mortgage averaged 6.47% this week, mortgage financing giant

By Ramishah Maruf, CNN New York (CNN) — Samsung is recalling knobs on some of its electric stoves, warning that fires can be set off if pets — or even humans — bump into them. Several videos have shown pets accidentally igniting fires from jumping onto stoves and pawing at the knobs. A Colorado dog

By Lucy Bayly, CNN New York (CNN) — US stocks surged Thursday after new data on the labor market suggested that the economy may not be headed into the downward spiral that traders feared. The Dow rose 683 points, or 1.8%. The S&P 500 gained 2.3%, notching its best day this year. The Nasdaq Composite

By Samantha Delouya, CNN (CNN) — The total value of the housing market now exceeds $1 trillion in eight US cities, doubling from just four cities last year and underscoring just how much home prices have skyrocketed in a relatively short time, according to a report released Thursday from Redfin. Chicago, Phoenix, Washington and Anaheim,

By Chris Isidore, CNN New York (CNN) — Today is Kelly Ortberg’s first day as CEO of Boeing. He’s already winning praise – for his work location. Ortberg has decided he will work out of Boeing’s offices in Seattle, which had been the company’s home for its first 85 years before it moved its corporate

By Laura He, CNN Hong Kong (CNN) — A comeback rally in Japanese stocks has quickly lost steam, as the specter of a US economic slowdown and further yen volatility cast a long shadow across global financial markets. The Nikkei 225 ended down 0.7% on Thursday, snapping a two-day winning streak. Meanwhile, the yen strengthened

By Erika Tulfo, CNN (CNN) — Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to catch membership moochers before they even get in the door. The retailer is implementing stricter policies and cracking down on non-members

CNN By Oliver Darcy, CNN New York (CNN) — The Republican Party’s media allies are yet again struggling to coalesce around a single attack on the Democratic ticket. In the hours since Kamala Harris tapped Tim Walz as her running mate, top figures in right-wing media have thrown everything but the kitchen sink at the

By Ramishah Maruf, CNN New York (CNN) — Some Delta Air Lines passengers whose flights were canceled when the airline melted down due to a global tech outage in July have sued the airline in a class action, alleging that Delta refused or conditioned refunds to passengers as it struggled with mass cancellations. The lawsuit,

By Ramishah Maruf, CNN New York (CNN) — Disney Parks are the latest business to face slowing consumer demand in the face of higher prices. Disney’s parks business underperformed expectations and profit fell somewhat last quarter. Although the company said attendance remained steady and people were spending more, it also acknowledged a slumping economy was

By Krystal Hur, CNN New York (CNN) — US stocks wavered Wednesday, giving back earlier gains as investors tried to recover from the week’s bruising losses. The Dow fell 234 points, or 0.6%, after gaining more than 400 points earlier in the day. The S&P 500 declined 0.8% and the Nasdaq Composite lost 1.1%. CNN’s

By Oliver Darcy, CNN New York (CNN) — The Republican Party’s media allies are yet again struggling to coalesce around a single attack on the Democratic ticket. In the hours since Kamala Harris tapped Tim Walz as her running mate, top figures in right-wing media have thrown everything but the kitchen sink at the Minnesota

By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Seven months of investigations. Nearly 10 hours of hearings. And yet neither Boeing nor the National Transportation Safety Board know how a 737 Max was delivered to Alaska Airlines without the four bolts needed to keep a door plug in place. What is known: Boeing’s

By Jeanne Sahadi, CNN New York (CNN) — For individual investors, the quick-turn global rout in stocks on Monday was unsettling, despite news Tuesday that stocks staged a rally. Also unwelcome: Expectations that volatility will continue for the foreseeable future. Investment strategists at retirement investment advisory firm TIAA expect it to last at least through

By Tami Luhby, CNN (CNN) — Like many manufacturers, DS Smith sorely needed more workers in 2022. The multinational packing company’s corrugated box plant in Lebanon, Indiana, tried billboards, yard signs, jobs fairs and flyers at churches and fast-food restaurants but found it still took an average of three months to fill roles. That meant

By Chris Isidore, CNN New York (CNN) — American drivers are still in love with big, gas-burning trucks and SUVs, and automakers are as eager ever to build them – even as US electric vehicle sales continue to climb. Although traditional automakers have pledged to invest tens of billions of dollars to transition to EVs

By Juliana Liu, CNN Hong Kong (CNN) — Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The benchmark Nikkei 225 closed 1.2% higher, bouncing back from losses of 2.5% earlier in the session, following fresh

By Peter Valdes-Dapena, CNN (CNN) — More than a year after Hyundai and Kia released new anti-theft software updates, thefts of vehicles with the new software are falling — even as thefts overall remain astoundingly high, according to a new analysis of insurance claim data. The automakers released the updates starting last February, after a tenfold

By Clare Duffy and Ramishah Maruf, CNN New York (CNN) — Elon Musk’s X has accused a group of major advertisers of antitrust violations in a new lawsuit claiming the group conspired to “boycott” advertising on the platform. The lawsuit claims an influential ad industry group organized “to collectively withhold billions of dollars in advertising

By Ramishah Maruf, CNN New York (CNN) — Microsoft on Tuesday blamed Delta Air Lines for its weeklong bout of cancelations last month, claiming its aging technology caused the airline to recover far slower from the global tech outage than its rivals. Microsoft also claimed Delta turned down help after the CrowdStrike bug led to

By Samantha Delouya, CNN (CNN) — Disney’s streaming services are about to get more expensive. On Tuesday, the media company announced price hikes across the board for Disney+, Hulu, and ESPN+. It comes in a deeply uncertain environment for media companies, which face rapidly changing consumer behavior, rising costs of doing business, a revitalized labor

By Liam Reilly, CNN New York (CNN) — Charles Barkley isn’t ready to retire just yet. TNT Sports and the NBA hall of famer announced Tuesday that they had reaffirmed a long-term commitment as the network’s parent company, Warner Bros. Discovery, battles to retain its NBA broadcast rights. While Barkley, co-host of TNT’s “Inside the

CNN, ELIZABETH, NTSB, SENATE HOMELAND SECURITY CMTE By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Workers on the Boeing 737 Max that lost a door plug on a January flight told federal safety investigators that they felt pressure to do their jobs too fast to avoid mistakes, according to testimony released Tuesday at

By Clare Duffy, CNN New York (CNN) — It’s only Tuesday, but it’s already been a rough week for the tech world. A tech sell-off on Monday, spurred by disappointing earnings, helped to drag down wider markets. The “Magnificent Seven” tech stocks ultimately lost $615.6 billion in value on Monday, according to data from S&P

By Ramishah Maruf, CNN New York (CNN) — Fast food giant Yum Brands is going all in on value — but only Taco Bell is performing well enough to immediately bring back inflation-weary customers. Temporary store closings in the Middle East, Malaysia and Indonesia due to the Israel-Hamas war, “in addition to a more cost-conscious

By Ramishah Maruf, CNN New York (CNN) — “White Dudes for Harris” said its X account was labeled as spam just a week after it had been locked and then reinstated on the Elon Musk-owned platform. Musk has publicly endorsed Harris’ opponent, Donald Trump. A leader of the political organizing group for Kamala Harris claims there

By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Workers on the Boeing 737 Max that lost a door plug on a January flight told federal safety investigators that they felt pressure to do their jobs too fast to avoid mistakes, according to testimony released Tuesday at the start of a two-day investigative hearing.

By Laura He, Juliana Liu and Anna Cooban, CNN Hong Kong/London (CNN) — Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a patchy recovery on global markets. The benchmark Nikkei 225 index finished 10% higher and the broader Topix closed around 9% up. Elsewhere in Asia,

By Brian Fung and Clare Duffy, CNN New York (CNN) — Google has violated US antitrust law with its search business, a federal judge ruled Monday, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online and to upend decades of dominance. “After having carefully

By Hadas Gold, Oliver Darcy and Liam Reilly, CNN New York (CNN) — Bloomberg News dismissed a reporter and took disciplinary action against other staffers Monday after the outlet broke a news embargo last week on the release of several American prisoners held by Russia, including Wall Street Journal reporter Evan Gershkovich. In a memo

By Ramishah Maruf, CNN New York (CNN) — Elon Musk filed a new lawsuit against OpenAI and CEO Sam Altman Monday, re-opening a legal battle in his fights over artificial intelligence. Musk — who co-founded OpenAI in 2015 — sued the company in February, accusing the ChatGPT maker of abandoning its original nonprofit mission by

By Ramishah Maruf, CNN New York (CNN) — CrowdStrike fired back at Delta after the airline’s CEO lashed out at the cybersecurity firm for computer problems that he said cost Delta $500 million. CrowdStrike claimed Delta would have to explain its own IT shortcomings in any litigation, and that it ignored CrowdStrike’s offers of assistance.

By Allison Morrow, CNN New York (CNN) — The Biden-Harris administration couldn’t shake the “vibecession” even when the economy was on a tear. It may be even harder now that cracks are forming in the labor market. Americans have been grumpy about the economy for the better part of three years because prices have gone

By Chris Isidore, CNN New York (CNN) — The public already knows a lot about the January 5 Alaska Airlines flight that had a door plug blow out of the side of a Boeing 737 Max as it approached 16,000 feet. We’re potentially about to find out a lot more. The incident left a gaping

By Samantha Delouya, CNN (CNN) — After years of saving, Jordyn Carias and her partner purchased a home for the first time last month. To find a place that didn’t break the bank, she said, they had to go smaller. “We had a lot of things we wanted in our first home, but after looking

By Laura He, Marc Stewart and Mark Thompson, CNN Hong Kong/London (CNN) — Japanese stocks suffered their biggest ever daily loss Monday as fears about a US economic slowdown sent shock waves through global markets. The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, its biggest drop in history. The

By Peter Valdes-Dapena, CNN (CNN) — Sometimes, technology doesn’t fulfill its promise. But, other times, it isn’t the tech that let’s you down, it’s the people using it. So one electric vehicle charging company company is experimenting with cutting off people who linger, attempting to “fill ‘er up.” Recently, I drove a new Chevrolet Blazer

By Alicia Wallace, CNN (CNN) — When former President Donald Trump last week reasserted his unsubstantiated claim that immigrants are “taking Black jobs,” the phrasing once again became internet fodder. On social media, typically accompanied by the #blackjob or #blackjobs hashtags, people (including celebrities) shared their “Black job,” pushing back on perceived racial stereotypes and

By Robert Ilich, CNN (CNN) — Warren Buffett’s Berkshire Hathaway slashed its stake in tech giant Apple by nearly 50%, according to Berkshire’s second quarter earnings report released on Saturday. Berkshire Hathaway disclosed its holdings in Apple were valued at $84.2 billion at the end of the quarter, dropping from 790 million shares to 400

By Alicia Wallace, CNN Minneapolis (CNN) — For 90-plus years, the Parkway Theater has been a fixture in South Minneapolis, gathering generation after generation of patrons in front of its lone movie screen. Outside of its walls, the years brought plenty of change: wars, economic swings, social movements, a pandemic, technological innovations, and the rise

CNN By Bryan Mena, CNN New York (CNN) — America’s robust post-pandemic job market is teetering on the brink after a lousy July hiring report in which the unemployment rate shot up to 4.3%, a three-year high. The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high

By Bryan Mena, CNN New York (CNN) — America’s robust post-pandemic job market is teetering on the brink after a lousy July hiring report in which the unemployment rate shot up to 4.3%, a three-year high. The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high earlier

By Luciana Lopez and Ramishah Maruf, CNN (CNN) — The governor of Hawaii on Friday announced a $4 billion settlement to resolve lawsuits stemming from the wildfires that devastated Maui last year. Under the settlement, which must still be approved by the court, “the seven defendants will pay $4.037 billion to provide compensation to all

By Clare Duffy, CNN New York (CNN) — Google has pulled its controversial Olympics ad after critics blasted it for portraying what they called a bleak application of artificial intelligence. The ad showed a father using Google’s Gemini AI chatbot to help his daughter write a fan letter to US Olympic track star Sydney McLaughlin-Levrone.

By Clare Duffy, CNN New York (CNN) — TikTok has failed to stop children from joining the app and has unlawfully collected their personal data, the US Justice Department alleged in a lawsuit filed Friday. The lawsuit accuses TikTok and its parent company, ByteDance, of violating the Children’s Online Privacy Protection Act (COPPA) by allowing

CNN By Krystal Hur, CNN New York (CNN) — Stocks tumbled Friday as a disappointing jobs report added to fears that the US economy is weakening. The Dow closed 612 points, or 1.5%, lower, after falling more than 900 points earlier in the session. The S&P 500 lost 1.8% and the Nasdaq Composite declined 2.4%.

By Eva Rothenberg, CNN New York (CNN) — Chevron is moving its headquarters out of California, the company announced Friday. The oil giant said it would be relocating its corporate offices from San Ramon, where they have been since 2002, to Houston. This will be the first time Chevron will be headquartered outside of California

By Krystal Hur, CNN New York (CNN) — Stocks tumbled Friday as a disappointing jobs report added to fears that the US economy is weakening. The Dow closed 612 points, or 1.5%, lower, after falling more than 900 points earlier in the session. The S&P 500 lost 1.8% and the Nasdaq Composite declined 2.4%. The

By Clare Duffy, CNN New York (CNN) — There’s been one big question on the minds of Wall Streeters this tech earnings season: When will anyone start making actual money from artificial intelligence? In the 18 months since ChatGPT kicked off an AI arms race, tech giants have promised that the technology is poised to

By Alicia Wallace, CNN (CNN) — What a jarring way to start the month of August. Last month’s job growth was far, far softer than expected, and the unemployment rate shot to its highest level since October 2021, according to new data released Friday by the Bureau of Labor Statistics. July’s surprisingly low estimated employment

By Matt Egan, CNN New York (CNN) — Americans instantly zip billions of dollars a day to each other on Zelle and other payment apps to do everything from pay the babysitter to split restaurant bills. The speed and convenience of these payment platforms have simultaneously made them insanely popular and a magnet for con

By Laura He, CNN Hong Kong (CNN) — Japanese stocks plunged Friday as global markets were rattled by worries about the US economy and as traders braced for further interest rate hikes from the Bank of Japan. The Nikkei 225 ended 5.8% lower, the index’s biggest daily drop since March 2020. It extended a global

By Oliver Darcy, CNN New York (CNN) — Champagne bottles popped. Thunderous cheering filled the room. Smiles animated faces from corner to corner. When official word made its way to The Wall Street Journal newsroom that Evan Gershkovich had been released from Russian custody Thursday, unadulterated elation washed over the journalists who had taken part in

By Juliana Liu and CNN staff Hong Kong (CNN) — Online shopping site Temu has faced tough questions before about its business practices. Now it has a new problem: a backlash from independent merchants based in China who sell their products on the wildly popular rival to Amazon. Hundreds of them staged a demonstration this

By Ramishah Maruf, CNN New York (CNN) — A California judge threw out a jury verdict ordering the NFL to pay more than $4.7 billion for anti-trust violations surrounding its “Sunday Ticket” package, which lets fans watch games outside of their home markets but required them to buy access to a bundle of games to do

By Ramishah Maruf and Nathaniel Meyersohn, CNN New York (CNN) — Intel is slashing 15% of its staff as part of a $10 billion plan to reduce costs, the tech company announced in its second-quarter earnings Thursday. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way

CNN By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media fortune is shrinking. The value of Trump’s stake in the corporate owner of Truth Social has dropped by $900 million since Vice President Kamala Harris entered the race for the White House on July 21. Trump Media & Technology Group’s

By Krystal Hur, CNN New York (CNN) — Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high. The Dow slid by 496 points, or 1.2%, after plunging more than 700 points earlier in the session. The S&P 500 lost 1.4% and the

By Oliver Darcy, CNN New York (CNN) — Don Lemon on Thursday filed a lawsuit against Elon Musk and X after the erratic billionaire canceled a planned partnership that would have seen the former CNN anchor create a talk show on the embattled social media platform. Musk abruptly canceled the well-publicized deal with Lemon earlier this year

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media fortune is shrinking. The value of Trump’s stake in the corporate owner of Truth Social has dropped by $900 million since Vice President Kamala Harris entered the race for the White House on July 21. Trump Media & Technology Group’s share

By Pete Muntean and Samantha Waldenberg, CNN (CNN) — Airlines would no longer be allowed to charge parents extra fees for their kids to be seated next to them under a new rule proposed by the Biden administration. White House officials say their “fee-free family seating” proposal could potentially save parents up to $200 per

By Alicia Wallace, CNN (CNN) — The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Monthly job gains have slowed but remain stable, labor demand and supply have come more into sync, there hasn’t been a rash of layoffs and the overall economy

By Hanna Ziady, CNN London (CNN) — The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16 years. The decision takes the benchmark interest rate in the United Kingdom to 5% from 5.25%, where

By Elisabeth Buchwald, CNN New York (CNN) — People are getting impatient with the Federal Reserve. For the past year, the Fed has kept interest rates at their highest level in more than two decades, making it more expensive to get a mortgage, borrow money and pay off debt. Now the central bank is mulling

By Erika Tulfo, CNN (CNN) — Tucked away in the mountainous highlands of Chiapas in southern Mexico, around 150 coffee farmers on the Edelmann family farm work with their hands for hours on end. The shade of tree canopies is the only barrier between their bodies and the summer sun. Tomas Edelmann, a fourth-generation coffee

By Hadas Gold, CNN New York (CNN) — London police are looking into allegations that recently installed Washington Post publisher Will Lewis oversaw the intentional mass deletion of emails more than a decade ago while he was tasked with cleaning up a phone hacking scandal that roiled Rupert Murdoch’s UK tabloids. In a piece published Wednesday in the Guardian,

By Ramishah Maruf, CNN New York (CNN) — Some Instagram posters got a shocking notification from the app Wednesday: Certain photos have been permanently deleted from the app’s Stories archives, unable to be recovered. “This story is no longer available,” some users saw on certain Stories. “Due to a technical issue, this story is no

By Erika Tulfo, CNN (CNN) — It’s a summer for single-digit dollar deals as IHOP and Denny’s join other big-name food chains in offering value menu options. The two companies are the latest restaurants trying to appeal to consumers being more selective with their dollars in the wake of price increases. IHOP announced this week

By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve on Wednesday did not lower its key interest rate, which has been sitting at a 23-year high for the last 12 months. But officials continue to signal that the central bank may do so soon — most likely in September. And the market expects

CNN By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve on Wednesday did not lower its key interest rate, which has been sitting at a 23-year high for the last 12 months. But officials continue to signal that the central bank may do so soon — most likely in September. And the market

By Matt Egan, CNN New York (CNN) — Millions of sports fans and concertgoers are being duped by a deceptive pricing scheme at StubHub that hides the true cost of tickets until the very last moment, according to a lawsuit filed Wednesday by Washington, DC Attorney General Brian Schwalb. The lawsuit accuses StubHub of deploying

By Anna Cooban, CNN London (CNN) — Entertaining the King of England is an expensive business, France is finding out. A sumptuous lobster dinner held to welcome Britain’s King Charles III to Paris last September cost the French president’s office nearly €475,000 ($515,000), according to accounts published on Monday by France’s public auditor. The lavish

By Chris Isidore, CNN New York (CNN) — The CEO of Delta Air Lines lashed out at cyber security firm CrowdStrike and software provider Microsoft for the computer problems that resulted in a five-day service meltdown he said cost the airline $500 million. “They haven’t offered us anything. Free consulting advice to help us,” said

By Chris Isidore, CNN New York (CNN) — Boeing named a new CEO Wednesday after reporting a core operating loss of $1.4 billion in the second quarter — more than triple the loss from a year ago — as increased scrutiny of the safety and quality of its planes kept the troubled company from making

By Jessie Gretener, CNN London (CNN) — Former BBC presenter Huw Edwards has pleaded guilty to having 41 indecent images of children on the messaging app WhatsApp, according to PA Media. Edwards appeared before London’s Westminster Magistrates’ Court on Wednesday, with PA reporting that the alleged offenses were committed between December 2020 and August 2021. The court heard that

By Clare Duffy, CNN New York (CNN) — There may soon be one fewer person standing between you and your Cheesy Gordita Crunch. Taco Bell is set to expand the use of artificial intelligence voice technology in its drive-thrus to hundreds of US locations by the end of this year, parent company Yum! Brands said

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve gave an important clue Wednesday that it will likely cut its benchmark lending rate in the coming months. The move would pave the way for lower borrowing costs for Americans on everything from mortgages and car loans to credit cards. While the central bank said

By Oliver Darcy, CNN New York (CNN) — The National Association of Black Journalists is trying its best to weather a storm of backlash. The organization on Tuesday drew a torrent of criticism over its decision to invite Donald Trump to sit for an interview at its annual convention in Chicago. The Wednesday afternoon Trump

By Nathaniel Meyersohn, CNN New York (CNN) — Consumers have reached their breaking point with $6 iced coffees and lemonades at Starbucks. Starbucks sales dropped 3% globally at stores open for at least a year, including a 2% drop in its home North America market. And that masked how steep the decline was for Starbucks

By Chris Isidore, CNN New York (CNN) — Spirit Airlines, the ultra-low cost carrier known for charging bargain-hunting passengers for anything and everything, is introducing business class seating – of a sort. The airline said it will allow customers to pay extra for what it’s calling “Go Big” class of tickets, for those passengers in

By Krystal Hur, CNN New York (CNN) — Bill Ackman, billionaire hedge fund manager and chief executive of Pershing Square Capital Management, is seeking $2 billion to take the company’s investment fund public. That’s significantly less than what Ackman said he had hoped to raise for his new fund — a rare opportunity for the

By Hannah Rabinowitz and Evan Perez, CNN (CNN) — The Justice Department said Tuesday it filed a civil lawsuit against Norfolk Southern, alleging the company knowingly created large delays for Amtrak passengers traveling between New York and New Orleans. Though federal law requires Norfolk Southern freight trains to allow Amtrak passenger trains to proceed first, the Justice Department alleges

By Clare Duffy, CNN New York (CNN) — OpenAI stunned users when it demonstrated an updated voice mode for the most advanced version of ChatGPT earlier this year. Far from the kind of robotic voice that people have come to associate with digital assistants like Alexa or Siri, the ChatGPT advanced voice mode sounds remarkably

By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk says anyone who doubts how valuable robotaxis will make the company should test drive its latest self-driving car. A Wall Street analyst did just that – and said the car almost crashed. The experience of WIlliam Stein, an analyst with Truist Securities, is not

By Chris Isidore, CNN New York (CNN) — Delta Air Lines’ service meltdown, which led to thousands of cancelled flights and a half million stranded customers, cost the company hundreds of millions of dollars. And now it wants Microsoft and the cybersecurity firm that caused the problem to compensate it for at least some of

By Erika Tulfo, CNN (CNN) — A Starbucks app outage on Tuesday left customers unable to place a mobile order, delaying caffeine fixes for millions of coffee lovers until the app returned to service later in the day. “Earlier today, some customers were briefly unable to access the mobile order and pay feature in the

By Ramishah Maruf, CNN New York (CNN) — A US safety regulator announced Tuesday that it voted unanimously to hold Amazon responsible for faulty or unsafe products sold by third-parties on its website and app. The US Consumer Product Safety Commission, tasked with ordering companies to recall dangerous products sold in America, said it found

By Jeanne Sahadi, CNN New York (CNN) — The fees parents pay to make online deposits into their children’s school lunch accounts are under scrutiny at the Consumer Financial Protection Bureau, which found that some parents may pay up to 60 cents in fees for every dollar they deposit. And those fees can add up

By Alicia Wallace, CNN (CNN) — Job opportunities are slowly disappearing in the US, and hiring has screeched to its slowest pace in a decade (aside from the pandemic plunge). That’s making more workers hold tight to the job they’ve already got. The good news: Those jobs don’t appear to be nearing the chopping block.

By Hanna Ziady, CNN London (CNN) — Diageo, one of the world’s biggest drinks makers, has reported its first drop in sales since the pandemic, as cash-strapped consumers cut back on spending. The maker of Johnnie Walker whisky, Casamigos tequila and Guinness beer is the latest consumer business to report a hit to sales as

By Anna Cooban, CNN London (CNN) — Air New Zealand has ditched a key target to reduce its carbon emissions by 2030, citing delays in deliveries of new fuel-efficient aircraft and costly low-carbon jet fuels. The airline said in a statement on Tuesday that it had been hamstrung in recent months by “the availability of new

By Elisabeth Buchwald, CNN New York (CNN) — While inflation in the US has been cooling since hitting a four-decade high, the temperature outside continues to climb. It’s been one of the hottest summers on record for much of the country and the planet, which last week experienced the hottest day in recorded history. But

By Nathaniel Meyersohn, CNN New York (CNN) — Lululemon thought it had developed its next hit. But after its new leggings became the butt of endless jokes, the company will have to leave them behind. Lululemon pulled its newly-released $98 Breezethrough leggings line from its website and app after negative reviews and customer complaints about