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A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties

By Jeanne Sahadi, CNN New York (CNN) — Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and a 2020 lawsuit the agency filed pertaining to the bank’s creation of fake customer accounts.

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Popular app banned from hosting young teens in a groundbreaking settlement

By Brian Fung, CNN Washington (CNN) — The Federal Trade Commission and the Los Angeles District Attorney’s Office have banned a controversial anonymous messaging app from serving kids under 18, taking an unprecedented and aggressive step against what regulators called “rampant cyberbullying and threats against children and teens” on the platform. The targeted ban is

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Indicted RNC ‘election integrity’ official accused of dodging deposition in 2020 election defamation case

By Marshall Cohen, CNN (CNN) — Christina Bobb, the indicted RNC official and former One America News host, is dodging a deposition in a 2020-related defamation lawsuit, according to Dominion Voting Systems, which is battling her in court. Bobb’s attorneys previously argued that the Dominion defamation lawsuit, and the routine deposition they are seeking, should be paused

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Why McDonald’s killed this menu item

By Danielle Wiener-Bronner, CNN New York (CNN) — McDonald’s once poured big marketing dollars into its salads. But since 2020, greens have been off the menu. That’s because the chain has concluded that when people go to McDonald’s, they mostly want a burger and fries. “If people really want salads from McDonald’s we will gladly

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LinkedIn billionaire bankrolls voting firm Smartmatic as it fights Fox News in 2020 election defamation case

By Matt Egan and Marshall Cohen, CNN New York (CNN) — LinkedIn co-founder Reid Hoffman is providing significant financial firepower to Smartmatic as the voting technology company fights Fox News and Newsmax over the right-wing networks’ repeated airing of 2020 election lies. Hoffman, a billionaire venture capitalist and prominent Democratic donor, framed his multimillion-dollar investment

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Medical school is now free for most students at this top university after a $1 billion donation

By Ramishah Maruf, CNN New York (CNN) — Bloomberg Philanthropies is gifting $1 billion to make medical school free for the majority of students at Johns Hopkins University, joining other high-profile donors who have contributed to tuition-free medical schools across the country. In a letter by Michael Bloomberg in the Bloomberg Philanthropies’ annual report, the

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Columbia removes three deans from power for ‘very troubling’ antisemitic text messages

By Matt Egan, CNN (CNN) — Columbia University announced Monday it has permanently removed three deans from their posts after finding they engaged in “very troubling” text messages that touched on antisemitic tropes. In a letter, Columbia President Minouche Shafik committed to holding those officials responsible for the “disturbing” incident, which occurred during a May

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Early signs of dementia can show in your finances

By Jeanne Sahadi, CNN New York (CNN) — Financial files in disarray. Late payments and last-warning service-cutoff notices. Multiple daily bank withdrawals. Out-of-character purchases. When a family member who has been fairly responsible with money all their lives becomes careless with their finances, it may be one sign of as-yet-undiagnosed dementia. Researchers at the New

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Beijing steps up probe into EU brandy imports as trade tensions deepen after tariffs on Chinese EVs

By Laura He, CNN Hong Kong (CNN) — Beijing has intensified its anti-dumping investigation into imports of European brandy. The Chinese commerce ministry will hold a hearing on July 18 to discuss the probe into claims that European producers are selling brandy in China at artificially low prices, according to a statement from the ministry Friday. The hearing

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Paramount, the media empire behind CBS and ‘Top Gun,’ agrees to merge with Skydance

By Jon Passantino and Liam Reilly, CNN (CNN) — Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media, ending years of speculation over the company’s fate. The deal announced late Sunday comes just weeks after a previous offer from Ellison to acquire

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Radio host who interviewed Biden leaves station after admitting campaign aides gave her pre-selected questions

By Eva Rothenberg, CNN New York (CNN) — Radio host Andrea Lawful-Sanders has resigned from WURD Radio after admitting her post-debate interview with President Joe Biden included questions that were pre-selected by Biden’s campaign team, the station told CNN Sunday. “The interview featured pre-determined questions provided by the White House, which violates our practice of

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A 75-year-old great-grandmother had recently finished her breast cancer treatment. Then she won a $5 million scratch-off game

By Ashley R. Williams, CNN (CNN) — A Pennsylvania woman who had recently completed her breast cancer treatment says she couldn’t believe her eyes after scratching off a winning $5 million ticket, according to lottery officials. Donna Osborne, 75, told Pennsylvania Lottery officials that she was at an airport with her daughter to visit family

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Key takeaways from the June jobs report

By Alicia Wallace, CNN (CNN) — Welcome to the “steady-as-she-goes” US labor market: Halfway through 2024, job gains are cooling slightly but overall employment activity remains solidly stable. The US economy added 206,000 jobs in June, the Bureau of Labor Statistics reported Friday, easing from a downwardly revised May tally of 215,000 jobs. The unemployment

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What to look for in Friday’s jobs report

By Alicia Wallace, CNN (CNN) — The US labor market has held its own despite swirling forces — high inflation, an aggressive interest-rate-hiking campaign, pandemic aftershocks and geopolitical uncertainty — that seemed all but certain to trigger a recession. Monthly job gains have frequently come in stronger than expected, and unemployment has held at or

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What’s open and closed on July 4

By Ramishah Maruf, CNN New York (CNN) — Americans across the country will celebrate Independence Day with barbecues, fireworks and a day off from work for many employees. The Fourth of July marks the birth of American independence, the day the Continental Congress adopted the Declaration of Independence in 1776. This year, the Fourth of July will

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Nestlé and other companies are trying to stake their claims as weight loss drug experts. They’re not

By Danielle Wiener-Bronner, CNN New York (CNN) — As the use of popular weight loss and diabetes drugs like Wegovy and Ozempic skyrockets, consumer brands are scrambling to adapt. But health professionals are warning consumers not to take medical advice from the same companies trying to sell them food, supplements and other consumables. The new GLP-1

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Biden’s mental fitness could have been better covered leading up to the debate, some White House reporters acknowledge

By Hadas Gold, CNN (CNN) — President Joe Biden’s White House repeatedly and aggressively shot down reports on the president’s age and any possible limitations on his ability to perform all the duties of his office. But after his shaky debate performance last week, in which Biden routinely struggled to get his point across, some in the White House

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WestJet cancels hundreds of flights after aircraft mechanics strike

By Eva Rothenberg, CNN New York (CNN) — Labor negotiations between WestJet, Canada’s second-largest airline, and the Aircraft Mechanics Fraternal Association remain at a standstill after the union called a surprise strike last week, forcing more than 400 flight cancellations and delays over the weekend. The union, which represents nearly 700 aircraft engineers and technicians,

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Here’s what it means when a company like Boeing faces criminal charges

By Chris Isidore, CNN New York (CNN) — Criminal charges against a corporation, like the ones the Justice Department is considering bringing against Boeing, would be a serious blow, worsening the company’s already precarious financial situation and further damaging its battered reputation. But it wouldn’t necessarily result in past or current executives facing prison time.

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51 million viewers tuned in to CNN’s presidential debate with Biden and Trump

By Hadas Gold, CNN (CNN) — CNN’s Thursday night debate between President Joe Biden and former President Donald Trump was watched by 51.27 million viewers on television, according to Nielsen data. The 90-minute debate, which sent shockwaves through the political world, was simulcast across 22 networks. CNN, which hosted the debate from its Atlanta studios, offered a live feed

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Trump Media stock rises after debate

By Matt Egan, CNN (CNN) — Former President Donald Trump’s social media company is getting a boost after President Joe Biden’s shaky debate performance. Shares of Truth Social owner Trump Media & Technology Group (DJT) rose 4% in early trading Friday as investors bet the debate has boosted Trump’s chances of retaking the White House.

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