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CNN By Sophie Tanno, Anna Chernova and Moscow staff, CNN (CNN) — Evan Gershkovich, the first American journalist to be arrested on espionage charges in Russia since the Cold War, has been found guilty of spying and sentenced to 16 years in prison by a Russian court, in a case that the US government, his

By Sean Lyngaas, CNN (CNN) — The global computer outage affecting airports, banks and other businesses on Friday appears to stem at least partly from a software update issued by major US cybersecurity firm CrowdStrike, experts told CNN. CrowdStrike told customers early Friday that the outages were caused by “a defect found in a single content

By Sophie Tanno, Anna Chernova and Moscow staff, CNN (CNN) — Evan Gershkovich, the first American journalist to be arrested on espionage charges in Russia since the Cold War, has been found guilty of spying and sentenced to 16 years in prison by a Russian court, in a case that the US government, his newspaper

By Laura He, CNN Hong Kong (CNN) — China’s ruling Communist Party has set ambitious long-term policy goals at its most important political meeting on reform, but offered little detail on how to pull the world’s second-largest economy out of a worsening downturn. In a behind-closed doors meeting known as the third plenum, more than

By Nathaniel Meyersohn, CNN New York (CNN) — Years ago, some people would spend hours at Starbucks. Today, it’s a takeout counter. At many Starbucks locations, you’re lucky to find anyone sitting down. Under Howard Schultz, Starbucks’ longtime leader, cafes were positioned as a “third place” between work and home, where people could linger for

By Holly Yan, Paradise Afshar, Justin Lear and Jessie Yeung, CNN (CNN) — Thousands of US flights were grounded Friday as a technical disaster plagued government agencies and businesses worldwide – leading to countless stranded passengers, canceled medical procedures and disrupted 911 services. A cybersecurity company said the debacle is “not a security incident or cyberattack.” But the technical

CNN Analysis by Sean Lyngaas, CNN (CNN) — When computers and tech systems around the world went down Friday, snarling airports, closing Social Security offices and limiting jail operations, many people had one question: How on earth could this happen in 2024? A software update from a single cybersecurity company, US-based CrowdStrike, was the root

By Mary Kay Mallonee, CNN (CNN) — The Justice Department said on Thursday that it has made “substantial progress” in finalizing an agreement with Boeing to plead guilty to defrauding the US government, but more time is needed to work out the remaining details. Earlier this month, Boeing (BA) agreed to plead guilty to one

By David Goldman, CNN (CNN) — A significant Microsoft outage brought low-cost carrier Frontier Airlines and some competitors to a standstill for hours after a regulator halted departures. The ground stop was lifted late Wednesday night. “Our systems are currently impacted by a Microsoft outage, which is also affecting other companies,” Frontier said in a

By Kathleen Magramo, Hassan Tayir and Joyce Jiang, CNN Hong Kong (CNN) — In China, it’s possible to travel six miles in a driverless taxi for just about 50 cents. Self-driving cars, commonly called robotaxis, are being popularized at cut-throat prices in Wuhan, a sprawling metropolis of over 11 million people in central China. It

By Ramishah Maruf and Mark Morales, CNN New York (CNN) — J. Michael Cline, the founder of movie ticket company Fandango, fell to his death from a New York City hotel Tuesday, a law enforcement official confirmed to CNN. The New York Police Department said that around 10 am on Tuesday, the 64-year-old was found

By Ramishah Maruf, CNN New York (CNN) — Bissell has recalled about 3.2 million handheld Steam Shot cleaners, which are popular across social media, after more than 150 burn injury reports. The recall, posted by the Consumer Product Safety Commission on Thursday, said that the steam cleaner, a popular item on TikTok under the hashtag

By Oliver Darcy, CNN (CNN) — Lou Dobbs, the longtime business news anchor who became one of Donald Trump’s most vocal supporters in media, died on Thursday. He was 78. “It’s with a heavy heart that we announce the passing of ‘the great Lou Dobbs,’” a statement posted on his official social media account said, calling

By Ramishah Maruf, CNN New York (CNN) — This week, AT&T notified millions of customers that their data was likely stolen in an April leak that the company disclosed earlier this month. Meanwhile, comprehensive laws that would protect customers from hacks keep struggling to pass, as AT&T and its rivals have fought back against and

By Krystal Hur, CNN New York (CNN) — US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow fell 554 points, or 1.3%, retreating from a record high reached a day ago. The S&P 500 fell 1.1%. The Nasdaq Composite fell 1.2%, extending its losses after logging its worst

By Hadas Gold, CNN (CNN) — The US Secret Service pushed back Thursday against recent criticism from right-wing media personalities and lawmakers blaming female agents for security failures during the assassination attempt on former President Donald Trump. In the wake of the Saturday shooting, some right-wing media figures focused their attention on the female agents

By Oliver Darcy, CNN Milwaukee (CNN) — America’s eyes are finally fixated on the 2024 election. After months of tuning out what had been a fairly predictable and uneventful race between the two party incumbents, recent earthshaking events have upended the state of politics, adding an unexpected wrinkle to the storyline and prompting audiences to

By Peter Valdes-Dapena, CNN (CNN) — Classic Ferraris can be among the most valuable cars in the world with some selling for tens of millions of dollars. That value also means it’s a ripe market for counterfeits. Ferrari is so determined to maintain the authenticity of its cars, then, that it’s crushing potential fakes into

By Jordan Valinsky, CNN New York (CNN) — Bud Light, formerly the top-selling beer in the United States, has had a tough year since a boycott upended the industry. It’s only getting worse: The brand has now fallen into third place. Michelob Ultra, also brewed by Anheuser-Busch, leapfrogged Bud Light to become the second-best selling

By Samantha Delouya, CNN (CNN) — Netflix will start phasing out its Basic plan, its cheapest advertising-free plan, which costs $11.99 per month in the United States, the company said on Thursday. The company had previously stopped accepting new sign-ups for the Basic plan, instead pushing customers to Netflix’s ad-supported plan, which costs $6.99 per

By Sergey Gudkov and Anna Chernova, CNN (CNN) — The espionage trial of American journalist Evan Gershkovich resumed in a Russian court on Thursday after being brought forward at the request of his defense. Gershkovich attended the court hearing in person, according to the court’s press service, with the hearing being held behind closed doors. The

By Hadas Gold, CNN New York (CNN) — In the days following the assassination attempt on former President Donald Trump, the Secret Service, charged with securing the Pennsylvania event, has faced scrutiny for the extraordinary breach that led to the agency’s worst failure in decades. But one narrative has quickly taken hold in parts of

By Bryan Mena, CNN Washington (CNN) — Republican presidential nominee Donald Trump would not fire Federal Reserve Chair Jerome Powell if the former president wins the election in November, according to a Bloomberg interview published Tuesday. But Trump’s statement wasn’t exactly a promise, saying he’d let Powell finish up his second term, “especially if I

By Krystal Hur, CNN New York (CNN) — Tech shares slumped Wednesday as investors shed the behemoths that fueled Wall Street’s monster stock rally this year. The Nasdaq Composite index tumbled 2.8%, logging its worst day since December 2022. The S&P 500 lost 1.4%. The Dow rose 0.6%, closing at another record high and above

By Chris Isidore and Matt Egan, CNN New York (CNN) — Gas prices could soon soar across the Chicago metropolitan area after a tornado narrowly missed a major ExxonMobil refinery outside of Chicago Monday night, knocking out power to the facility. The refinery, know as ExxonMobil’s Joliet Refinery, is located in neighboring Channahon, Illinois. Channahon

By Hanna Ziady, Barbie Latza Nadeau and Lauren Kent, CNN London/Rome (CNN) — Italy’s competition authority is investigating whether Armani and Dior have misled consumers about their production processes, following reports that local companies in their supply chains pay workers too little and force them to work long hours. In a statement Wednesday, the authority

By Hanna Ziady, CNN London (CNN) — Pernod Ricard is selling most of its wine brands, as wine consumption is falling globally, and will instead focus on growing its champagne and premium spirits labels, including in the United States. The French group — which owns Absolut Vodka, Jameson Whiskey, Olmeca Tequila and Beefeater Gin — announced the sale of seven wineries

By Jordan Valinsky, CNN New York (CNN) — Supreme, the trendy streetwear clothier adored by celebrities and cool kids alike, has been sold to an eyewear manufacturer for substantially less than it sold for just four years ago. Italian company EssilorLuxottica announced Wednesday that it’s buying Supreme for $1.5 billion in cash from VF Corp.

By Jordan Valinsky, CNN New York (CNN) — The Mirage Hotel and Casino on the Las Vegas Strip is closing Wednesday, ending 34 years in business. The resort will throw a farewell event, with doors officially closing this afternoon. That will cap off a weeklong event, in which gamblers were given the opportunity to win part of

By Olesya Dmitracova, CNN London (CNN) — Amazon’s warehouses are especially dangerous for workers during the company’s annual Prime Day event, as well as the holiday season, according to an investigation by the US Senate. Prime Day, held on Tuesday and Wednesday this week, is “a major cause of injuries for the warehouse workers who

By Samantha Delouya, CNN (CNN) — Most Americans know the No. 1 rule in real estate: “location, location, location.” But for some developers, there’s a new winning strategy: “recycle, recycle, recycle.” A growing number of office buildings have found second lives as apartments, boosted by the Covid-era work-from-home movement that slashed office attendance and thinned

By Elisabeth Buchwald, CNN New York (CNN) — On Tuesday, Sen. Bob Menendez was found guilty on 16 counts including bribery, extortion, wire fraud, obstruction of justice and acting as a foreign agent. A key piece of evidence prosecutors presented to jurors during the nearly seven-week-long trial was the gold bars the FBI seized from

By Ramishah Maruf, CNN New York (CNN) — Elon Musk says he’s moving his companies out of California. In two posts on X Tuesday, the billionaire said he will move SpaceX’s HQ from Hawthorne, California, to Starbase, Texas, a company town being built in the southern part of the state. Social media platform X will

By Elizabeth Wagmeister, CNN (CNN) — In 2016, a venture capitalist and Yale law graduate named JD Vance published a memoir, “Hillbilly Elegy.” The instant bestseller turned Vance into a media star and was later adapted into an Oscar-nominated film directed by Ron Howard. Eight years after its publication, Vance’s book has found its way back onto the bestseller lists,

By Krystal Hur, CNN New York (CNN) — Stocks surged Tuesday as Wall Street raised its bets that sky-high borrowing rates could come down in the fall. The Dow surged by 743 points, or 1.9%, closing at a fresh all-time high and notching its best daily percentage gain since June 2023. The S&P 500 gained 0.6%,

By Chris Isidore, CNN New York (CNN) — At first glance, Elon Musk and Donald Trump wouldn’t seem to be natural allies. One has made cutting greenhouse emissions a major business selling point. The other questions the need to cut emissions at all, denouncing most forms of clean energy as at best unnecessary and at

CNN By Donie O’Sullivan, Brian Fung and Marshall Cohen, CNN (CNN) — Saturday’s shooting at a Donald Trump rally was the first assassination attempt of a US presidential candidate in the age of social media – and the former president had barely been hit before the internet was abuzz with all sorts of unsubstantiated explanations for

By Oliver Darcy, CNN (CNN) — The hosts of MSNBC’s “Morning Joe” rebuked the network’s leadership on Tuesday, expressing dismay over the decision to pull the flagship morning show program from the air Monday and telling viewers that they were not provided clear answers about the matter. Joe Scarborough, speaking alongside co-hosts Mika Brzezinski and

By Hanna Ziady, CNN London (CNN) — The International Monetary Fund has warned that stubborn inflation could keep interest rates higher for longer than expected, increasing fiscal and financial risks around the world. Persistently high prices for services — which include haircuts, hotels and restaurants — as well as escalating trade tensions are propping up

By Bryan Mena, CNN Washington (CNN) — It’s been a disappointing few months for American retailers, but the consumer isn’t tapping out quite yet. US retail spending has been mostly flat since the beginning of the year, holding steady in June, the Commerce Department reported Tuesday. Consumer spending is American’s main economic engine, powering two-thirds

By Anna Chernova, Lauren Kent and Rob Picheta, CNN (CNN) — Russian-American journalist Masha Gessen was sentenced to eight years in prison by a Moscow court Monday for criticizing the Russian military, becoming the latest target of a crackdown on critics of the Kremlin. Gessen was convicted in absentia on charges of disseminating “false information”

By Tami Luhby and Alicia Wallace, CNN (CNN) — In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. They quit their property management jobs and opened a restaurant, Rustic Burger, in Fayetteville, North Carolina. Trista Schmier, who had long dreamed of owning a restaurant, designed

By Samantha Delouya, CNN (CNN) — President Joe Biden revealed a series of proposals aimed at lowering housing costs on Tuesday as inflation and elevated home prices are shaping up to be decisive issues for voters this year. The plan, which is subject to congressional approval, has two parts. The first proposal calls for withdrawing

By Ramishah Maruf, CNN New York (CNN) — Thomas Matthew Crooks, the 20-year-old who opened fire on former President Donald Trump during a campaign rally Saturday in Pennsylvania, was pictured twice wearing a t-shirt that said “Demolition Ranch” on it. A law enforcement official told CNN that one of the times was when Crooks was at an ammo

By Ramishah Maruf, CNN New York (CNN) — An activist hacking group claimed it leaked thousands of Disney’s internal messaging channels, which included information about unreleased projects, raw images computer codes and some logins. Nullbulge, the “hacktivist group,” claimed responsibility for the breach and said they leaked a gigantic, roughly 1.2 terabytes of information from Disney’s

By Sean Lyngaas, CNN (CNN) — Russian cybersecurity company Kaspersky Lab will “gradually wind down” its US operations and lay off its US-based employees after the Department of Commerce announced a ban on the firm selling its products in the United States, Kaspersky said Monday. The shutdown of Kaspersky Lab’s US operations will start on

By Donie O’Sullivan, Brian Fung and Marshall Cohen, CNN (CNN) — Saturday’s shooting at a Donald Trump rally was the first assassination attempt of a US presidential candidate in the age of social media – and the former president had barely been hit before the internet was abuzz with all sorts of unsubstantiated explanations for what

By Krystal Hur, CNN New York (CNN) — US markets rose Monday as investors processed the assassination attempt on former President Donald Trump over the weekend. The Dow rose climbed 211 points, or 0.5%, closing at a fresh record high. That comes after the blue-chip index hit a fresh all-time high on Friday and edged

CNN By Krystal Hur, CNN New York (CNN) — US markets rose Monday as investors processed the assassination attempt on former President Donald Trump over the weekend. The Dow rose climbed 211 points, or 0.5%, closing at a fresh record high. That comes after the blue-chip index hit a fresh all-time high on Friday and

By Nathaniel Meyersohn, CNN New York (CNN) — Macy’s management ended talks with private investors attempting to take over the company and will pursue its own turnaround strategy to remake the chain. Macy’s board of directors voted unanimously to end discussions with Arkhouse Management and Brigade Capital Management over the investors’ offers to acquire the

By Matt Egan and Jordan Valinsky, CNN New York (CNN) — Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN. A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google

By Jordan Valinsky, CNN New York (CNN) — Investment giant BlackRock is pulling an ad that included Thomas Crooks, the gunman who shot at Donald Trump, injuring the former president and killing an attendee at a rally near Pittsburgh on Saturday. “In 2022, we ran an ad featuring a teacher from Bethel Park High School, in which

By Matt Egan, CNN New York (CNN) — The value of former President Donald Trump’s social media company spiked Monday after he was injured in an attempted assassination over the weekend. Trump Media & Technology Group’s share price surged more than 30% Monday morning, putting it on track for what would be the biggest single-day

By Jordan Valinsky, CNN New York (CNN) — British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%. Jonathan Akeroyd is leaving Burberry with “immediate effect,” the company said in its earnings release Monday, and replacing him with Joshua Schulman, a luxury wear veteran that has

By Oliver Darcy, CNN New York (CNN) — MSNBC will not air “Morning Joe,” its celebrated politics roundtable program, on Monday, opting to instead air continued breaking news coverage of the attempted assassination of former President Donald Trump. The progressive news network confirmed the decision to preempt its influential and top-rated morning show after a

By Simone McCarthy, CNN Hong Kong (CNN) — After months of unexplained delay, top officials from China’s ruling Communist Party are gathering in Beijing this week to signal the direction forward for the world’s second largest economy as it faces major economic challenges and friction with the West. Stakes are high for the meeting, which

By Jordan Valinsky, CNN New York (CNN) — US stock futures barely budged after an assassination attempt on former President Donald Trump on Saturday, signaling calm in the markets as Trump survived the incident. Dow futures rose 65 points, or 0.2%, while S&P 500 futures rose 0.1% and Nasdaq Composite futures were unchanged. On Saturday, the

CNN Analysis By Oliver Darcy, CNN New York (CNN) — Moments after Donald Trump was rushed to safety following a failed assassination attempt at a Saturday night rally, some of his supporters turned toward the press pen with obscenities as they fingered reporters for blame. “This is your fault!” one attendee emphatically yelled, pointing at individual journalists

By Oliver Darcy, CNN New York (CNN) — Moments after Donald Trump was rushed to safety following a failed assassination attempt at a Saturday night rally, some of his supporters turned toward the press pen with obscenities as they fingered reporters for blame. “This is your fault!” one attendee emphatically yelled, pointing at individual journalists as he

By Erika Tulfo, CNN (CNN) — Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. But for a car so tiny, you might be surprised at the massive following that they command. Kei trucks, built to satisfy Japanese light automobile regulations and

By Bryan Mena, CNN Washington (CNN) — Quinn Merriss, an 18-year-old who identifies as transgender and non-binary, barely makes ends meet. Merriss was kicked out of their home after years of tension and arguments with their parents over being transgender. They now live independently without any financial support from relatives, working as a server earning

By Chris Isidore, CNN New York (CNN) — On Sunday, the cost of a stamp is going up for the second time this year, jumping 5 cents for first class postage to 73 cents. You probably didn’t notice. And truthfully, you may not care. But you should. Most people don’t use mail the way they used

By Samantha Delouya, CNN (CNN) — Meta announced Friday that it would remove restrictions placed on former President Donald Trump’s Facebook and Instagram accounts ahead of the Republican National Convention next week. The company said the decision was made to ensure that Trump, the presumptive Republican nominee for president, would have equal standing with Democrat

By Ramishah Maruf, CNN New York (CNN) — If you were an AT&T cellphone customer in 2022, your call data was possibly breached to bad actors. AT&T said Friday that data was breached from “nearly all” of its cellular customers and the customers of wireless providers that used its network between May 1, 2022, and

By Jordan Valinsky, CNN New York (CNN) — Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance. Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest

By Alicia Wallace, CNN (CNN) — Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023, according to new data released Friday. On the surface, the jump in PPI appears to be an unwelcome development for the US economy and the fight to rein in high inflation — and it appears

By Ramishah Maruf, CNN New York (CNN) — Higher prices have gone too far even for salty snacks. PepsiCo’s snack unit Frito-Lay posted a dip in revenue in its second quarter Thursday after multiple quarters of price increases. Years of inflation have resulted in “tighter household financial conditions,” the company said in prepared remarks, so

By Oliver Darcy, CNN New York (CNN) — For nearly an hour Thursday evening, President Joe Biden went toe-to-toe with the press corps — and, perhaps against the wishes of some in his own party, managed to exit the high stakes showdown mostly unscathed. Fielding a barrage of tough questions, Biden addressed 11 outlets during his closely

By Matt Egan and Sean Lyngaas, CNN (CNN) — The call and text message records from mid-to-late 2022 of tens of millions of AT&T cellphone customers and many non-AT&T customers were exposed in a massive data breach, the telecom company revealed Friday. AT&T said the compromised data includes the telephone numbers of “nearly all” of

By Olesya Dmitracova, CNN London (CNN) — European regulators have charged Elon Musk’s X with breaching its sweeping Digital Services Act, accusing the platform of misleading its users among other violations. “Today we issue for the first time preliminary findings under the Digital Services Act,” Margrethe Vestager, a senior official at the European Commission, said in

By Jeanne Sahadi, CNN New York (CNN) — Most banks offer free checking if, for instance, customers have their paycheck direct deposited or they maintain an average minimum balance. The majority of people with checking accounts (73%) take advantage of the option, according to a 2023 Bankrate.com survey. But if regulatory costs go up for

By Arlette Saenz, CNN (CNN) — United Auto Workers President Shawn Fain and other members of the union’s board have expressed concerns about President Joe Biden’s ability to beat Donald Trump in November, a source close to the union says. The union is discussing the way forward on how to beat Trump in November, but

By Sean Lyngaas, CNN (CNN) — CDK Global, a software firm serving car dealerships across the US that was roiled by a cyberattack last month, appears to have paid a $25 million ransom to the hackers, multiple sources familiar with the matter told CNN. The company has declined to discuss the matter. Pinpointing exactly who

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar General will improve safety protocols in stores and pay $12 million in penalties in a sweeping settlement with the Department of Labor over the discount chain’s long history of putting low-wage employees in dangerous working conditions. Dozens of Dollar General workers and customers have been killed

By Hadas Gold, CNN (CNN) — A Milwaukee radio station agreed to make two edits to an interview it recorded with President Joe Biden earlier this month at the request of his campaign, the station’s owner, Civic Media, said Thursday. The July 3 interview with WAUK-AM host Earl Ingram was one of Biden’s first media engagements following his poor performance at the June

By Hadas Gold, CNN (CNN) — For weeks, the White House press corps has been boiling – and not from the Washington, DC, heat. They’re frustrated. Some feel the White House misled the press before President Joe Biden’s stumbling performance at last month’s CNN presidential debate. Others have been exasperated by the White House’s response since

By Elisabeth Buchwald, CNN New York (CNN) — Value is the new buzzword at fast-food chains nationwide. After rising prices turned customers off, the restaurants recently responded by unveiling value menus. For instance, McDonald’s has a $5 value meal, which includes a McDouble cheeseburger or a McChicken sandwich, plus small french fries, 4-piece chicken nuggets and

By Hanna Ziady and Nadine Schmidt, CNN London/Berlin (CNN) — Germany will phase out components made by China’s Huawei and ZTE from its 5G wireless network over the next five years, a move that risks worsening its already strained relations with the world’s second-largest economy. Mobile network operators including Vodafone, Deutsche Telekom and Telefonica have

CNN By Alicia Wallace, CNN (CNN) — Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the

By Nathaniel Meyersohn, CNN New York (CNN) — As recently as February, Tractor Supply Co., known for selling animal feed, pet food and lawn and garden equipment to hobby farmers, told investors that climate change was a significant threat to its business. Any delay or failure to meet its goals of cutting emissions 50% in

CNN, @JULIAROBERTS, INSTAGRAM, POOL, GETTY IMAGES, WABC, KEYA MORGAN, LINCOLNIMAGES.COM, X, @MISSBEAE, @JULIAROBERTS/INSTAGRAM, Keya Morgan/Lincolnimages.com, X/@MissBeaE By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Joe Biden is losing a particularly influential corner

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Joe Biden is losing a particularly influential corner of support: Hollywood. On Wednesday, George Clooney became the latest — and perhaps most notable — member of

By Alicia Wallace, CNN (CNN) — Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the annual

By Hanna Ziady, CNN London (CNN) — Apple has yielded to pressure by European regulators to give rivals access to the contactless payments technology on iPhones, meaning that their users will no longer be limited to the Apple Pay mobile wallet. The development on the tap-to-pay technology underscores mounting regulatory scrutiny of Apple (AAPL) in

By Jordan Valinsky, CNN New York (CNN) — Huma Abedin, former aide to former Secretary of State Hillary Clinton, is engaged to Alex Soros, son of billionaire liberal donor George Soros. The duo revealed the news Wednesday on Instagram, writing: “This happened…we couldn’t be happier, more grateful, or more in love.” Soros proposed to Abedin

By Sam Fossum and Peter Valdes-Dapena, CNN (CNN) — The White House on Thursday said it would hand out $1.7 billion to help convert closed-down or at-risk auto manufacturing and assembly facilities to make electric and hybrid vehicles. The funding comes as growth in new electric vehicle sales has slowed, even as the Biden administration

By Ramishah Maruf, CNN New York (CNN) — MOD Pizza, the fast-casual chain where diners can customize individual pizza pies, announced a new owner Wednesday in a move that could prevent or delay a bankruptcy filing. Elite Restaurant Group has acquired MOD, though terms of the deal were not disclosed and little information about the

By Samantha Delouya and Allison Morrow, CNN (CNN) — Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse of his investment firm wiped billions of dollars off financial markets and nearly brought down Wall Street. The jury delivered a speedy conviction, finding

By Hadas Gold, CNN (CNN) — President Joe Biden will sit down with NBC Nightly News anchor Lester Holt for an interview that will tape and air next Monday, the network announced. The interview will take place in Austin, Texas and will air unedited in its entirety as part of a primetime special and on NBC’s

Target will stop accepting personal checks from customers starting July 15, the latest retailer to stop taking the increasingly rare form of payment and to try to make checkout less cumbersome for shoppers.

Reuters (CNN) — Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District Judge Trina Thompson in San Francisco ruled on Tuesday that the federal Employee Retirement

By Jordan Valinsky and Celina Tebor, CNN New York (CNN) — New York University has settled a federal lawsuit with students over antisemitism on campus for a confidential amount, the university said in a statement Tuesday. The settlement brings to an end a lawsuit filed in November 2023 from three Jewish students over NYU’s alleged

By Oliver Darcy, CNN New York (CNN) — Ingrid Ciprián-Matthews, a three-decade veteran of CBS News who ascended to the role of president in 2023, abruptly announced Wednesday that she will step down from her role as the news organization’s parent company prepares for a complex merger. “No journalist wants to ‘be’ the news, especially

By Samantha Murphy Kelly, CNN (CNN) — Samsung’s latest generation of foldable phones aim to draw in traditional phone users with the help of artificial intelligence. At its annual Unpacked event on Wednesday, held in Paris for the first time, the company announced updates to its foldable devices and earbuds, and shared more details about

By Jordan Valinsky, CNN New York (CNN) — Starbucks is hoping to attract customers with a little gift: a free reusable straw. On Wednesday, anyone who buys a cold handcrafted drink, like an iced coffee or its new energy drinks, of any size will get a free, brightly colored reusable straw. The giveaway is part

By Oliver Darcy, CNN (CNN) — Mark Thompson, the CNN chief executive appointed last year to modernize the news network, unveiled a set of sweeping changes to the iconic outlet Wednesday, announcing plans to build a billion-dollar digital business, experiment with artificial intelligence and overhaul key newsroom structures. The far-reaching measures, which Thompson described to

By Laura He, CNN Hong Kong (CNN) — The Chinese government said Wednesday that it would investigate whether the European Union’s probes into Chinese companies constitute “trade barriers.” Concerns are rising in the West that jobs and strategically important industries could be wiped out by cheap Chinese imports propped up by government subsidies. Earlier this

By Reuters (CNN) — Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up’s governance had improved significantly in the past eight months. Microsoft took a non-voting, observer position on OpenAI’s board in November last year after OpenAI

By Yoonjung Seo and Diksha Madhok, CNN Seoul/New Delhi (CNN) — The largest labor union at Samsung Electronics in South Korea has declared an indefinite strike after a three-day walkout failed to yield any ground in a tense dispute between workers and the tech giant over pay and bonuses. The announcement Wednesday follows a strike earlier