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Activist investor takes $1.9 billion stake in Southwest Airlines, calls for leadership changes

By Chris Isidore, CNN New York (CNN) — Elliott Investment Management announced Monday it has taken a $1.9 billion stake in Southwest Airlines and said there needs to be new leadership at the Dallas-based carrier. “Southwest’s poor execution and leadership’s stubborn unwillingness to evolve the company’s strategy have led to deeply disappointing results for shareholders,

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Everything Apple announced at its big AI event

CNN By Samantha Murphy Kelly, CNN Cupertino, California (CNN) — Apple just kicked off a brand new era for the company with the introduction of its first generative AI features for the iPhone. At its annual Worldwide Developers Conference on Monday, the company unveiled the first batch of tools powered by “Apple Intelligence,” from personalized

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America’s rural hospitals keep getting attacked by cybercriminals. Microsoft and Google are working to fix that

By Sean Lyngaas and Michelle Watson, CNN (CNN) — Microsoft and Google will offer free or discounted cybersecurity services to rural hospitals across the United States to make them less vulnerable to cyberattacks that have disrupted patient care and threatened lives, the White House and those tech firms said Monday. Microsoft said in a statement

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This could be Apple’s next big thing

By Samantha Murphy Kelly, CNN (CNN) — Apple is on the verge of kicking off perhaps its most important event in years as it faces a gauntlet of challenges. At its annual Worldwide Developers Conference starting Monday, the company is widely expected to announce a partnership with ChatGPT maker OpenAI and unveil the first batch

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BYD vs Huawei: Trash talking by China’s EV giants highlights pressures at heart of world’s biggest car market

By Laura He, CNN Hong Kong (CNN) — As profit margins get squeezed, temperatures are rising in the world’s biggest car market. A tense exchange between two major Chinese electric vehicle (EV) manufacturers in recent days highlights the pressures they face as a price war in the industry intensifies. It all started on Saturday, when

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Washington Post publisher Will Lewis reportedly tried to kill story about his involvement in UK hacking scandal

By Jon Passantino, Oliver Darcy and Hadas Gold, CNN (CNN) — William Lewis, the new publisher and chief executive of The Washington Post, reportedly tried to kill a story about his alleged involvement in a UK phone hacking scandal coverup, offering an NPR reporter an interview in exchange for squashing the forthcoming article. The decade-old UK scandal that engulfed

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Israeli government seeks to extend controversial Al Jazeera ban as high court hears arguments against media law

By Hadas Gold, CNN (CNN) — The Israeli government is seeking to extend its controversial ban on the Al Jazeera news network in the country, after a court upheld the ban but shortened it by 10 days. In May, Israel banned the Qatari-based news network from operating in the country for 45 days under a sweeping new wartime law that allows the Israeli government to ban foreign media

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As AI booms, Microsoft’s deal with a startup comes under federal investigation

By Brian Fung, CNN Washington (CNN) — The Federal Trade Commission is investigating a recent Microsoft deal with artificial intelligence startup Inflection, according to a person familiar with the matter, as US antitrust regulators ramp up scrutiny of the red-hot AI industry. Microsoft announced in March that it had hired Inflection’s co-founders and a number of its

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Nvidia surpasses Apple to become the second-largest public company in the US

By Nicole Goodkind, CNN New York (CNN) — Nvidia, Wall Street’s favorite artificial intelligence darling, is continuing to swell to staggering heights. The AI chipmaker’s market capitalization rose to $3.019 trillion on Wednesday, nudging slightly past Apple’s also $2.99 trillion market cap and making it the second-largest publicly traded company in the US by that

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How a pro-Trump media outlet allegedly funneled tens of millions in an illicit money laundering scheme

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. One of Donald Trump’s biggest media boosters is in serious legal jeopardy. In an astonishing indictment made public this week, the Department of Justice accused The Epoch Times of having “benefited”

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Family Dollar is up for sale

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar Tree said Wednesday it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a disastrous merger. Family Dollar has around 8,000 US stores, catering to low-income customers predominantly in cities with

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‘It is alarming:’ After second outage this year, experts say AT&T risks customer loyalty

By Samantha Delouya, Samantha Murphy Kelly and Ramishah Maruf, CNN (CNN) — AT&T’s second prolonged outage so far this year left customers irate on Tuesday, with experts criticizing the company’s response and saying the wireless company risked losing user loyalty over the issues. “Come on AT&T, let’s get it together here. These service issues are

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Workers at TJ Maxx and Marshalls are wearing police-like body cameras. Here’s how it’s going

By Nathaniel Meyersohn, CNN New York (CNN) — Hourly retail security workers are now wearing police-like body cameras at major stores. Retail giant TJX, the parent of TJ Maxx, Marshalls and HomeGoods, said it’s equipping some store employees with body cameras to thwart shoplifting and keep customers and employees safe. TJX finance chief John Klinger

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A Chinese agency working with Russia has been trying to source drone jammers

By Laura He, CNN Hong Kong (CNN) — A Chinese government agency established to promote trade with Russia has been trying to source drone detectors and jammers, adding to concerns that Beijing may be supplying dual-use technology to Moscow. Foreign companies were seeking “unmanned aerial vehicle (UAV) equipment,” including drone detectors and jammers, according to

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Columbia University settles with Jewish student who sued over hostile environment on campus

By Ramishah Maruf, CNN New York (CNN) — Columbia University has settled with a Jewish student who sued in late April, claiming the Ivy League university failed to provide a safe environment. It’s one of the first such settlements reached as the university faces lawsuits and investigations from Jewish, Palestinian, Arab and pro-Palestinian students for

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OpenAI insiders’ open letter warns of ‘serious risks’ and calls for whistleblower protections

By Samantha Murphy Kelly, CNN (CNN) — A group of OpenAI insiders are demanding that artificial intelligence companies be far more transparent about AI’s “serious risks” — and that they protect employees who voice concerns about the technology they’re building. “AI companies have strong financial incentives to avoid effective oversight,” reads the open letter posted

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Qantas CEO: ‘We let our customers down’ on canceled flights scandal

By Maisie Linford and Anna Cooban, CNN London (CNN) — The boss of Qantas Airways has acknowledged the “anger” of thousands of customers who were sold tickets for already-canceled flights. “Everyone feels pain at the anger,” Qantas CEO Vanessa Hudson told CNN’s Richard Quest in an exclusive interview at an airline industry conference in Dubai Monday. “It’s

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Fake Tom Cruise documentary is part of a Russian influence campaign aimed at the Paris Olympics, report finds

By Sean Lyngaas and Donie O’Sullivan, CNN (CNN) — Pro-Russian propagandists are ramping up their efforts to denigrate next month’s Paris Summer Olympics and undermine Western support for Ukraine through a series of brazen online and offline stunts, private experts and Western officials told CNN. The stunts have included using artificial intelligence to impersonate the

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New York Stock Exchange says bizarre glitch that showed Berkshire Hathaway down 99.97% has been resolved

By Matt Egan, CNN New York (CNN) — The New York Stock Exchange said Monday that a technical issue that halted trading for some major stocks and caused Berkshire Hathaway to be down 99.97% has been resolved. In an update, NYSE said impacted stocks have reopened and “all systems are currently operational.” Intercontinental Exchange, the

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