Money

By Brian Fung and Clare Duffy, CNN (CNN) — A federal judge’s decision this week reprimanding Elon Musk’s X will have reverberating effects on efforts to hold influential online platforms accountable, legal experts and advocacy groups say. On Monday, District Judge Charles Breyer dismissed and excoriated a lawsuit by X against online watchdog group Center

By Laura He and Anna Cooban, CNN Hong Kong/London (CNN) — BYD reported a jump of more than 80% in profit in its first set of annual earnings since it stole Tesla’s crown as the world’s top seller of electric vehicles. Net profit almost doubled to 30 billion yuan ($4.2 billion) last year, from 16.6

By Elisabeth Buchwald, CNN New York (CNN) — Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by merchants. The settlement is set to lower swipe fees merchants pay when customers make purchases

CNN, POOL, GETTY IMAGES By Alicia Wallace, CNN (CNN) — US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index

By Alicia Wallace, CNN (CNN) — US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index rose 6% in January

By Nicole Goodkind, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. US-based corporations are making more money than ever before, and

By Elisabeth Buchwald and Bryan Mena, CNN (CNN) — Americans hamstrung by high borrowing costs on car loans, mortgages and credit cards shouldn’t expect much of a break this year. That’s because some Federal Reserve officials are reconsidering forecasts they made three months ago that called for three rate cuts this year. Currently, the Fed’s

By Ramishah Maruf, CNN New York (CNN) — McDonald’s customers can soon pair Krispy Kreme doughnuts with their morning McCafe, in a new food partnership that seeks to expand both brands but that could wind up weakening them instead. Three types of Krispy Kreme doughnuts — original glazed, chocolate iced with sprinkles and chocolate iced “kreme” filled —

By Matt Egan, CNN New York (CNN) — For the first time in almost 30 years, part of Donald Trump’s business empire has gone public. Trading started with a bang, but the frenzy eased considerably by the closing bell, with shares ending well off their highs of the day. Trump Media & Technology Group, the

By Peter Valdes-Dapena, CNN (CNN) — Shares of Fisker, a California-based electric vehicle startup, were halted Monday. This comes after the company warned, in an earnings report in March, that it might not have enough cash to survive the year. Later in the day, the New York Stock Exchange announced it planned to delist Fisker’s

By Shawn Nottingham and Brian Fung, CNN (CNN) — Florida Republican Governor Ron DeSantis signed a bill into law banning children under age 14 from having their own social media accounts on Monday, according to a news release from the governor’s office. Fourteen and 15-years-old will be allowed to have accounts with parental consent. In addition to

By Brian Fung, CNN (CNN) — A federal judge on Monday threw out a lawsuit by Elon Musk’s X that had targeted a watchdog group for its critical reports about hate speech on the social media platform. In a blistering 52-page order, the judge blasted X’s case as plainly punitive rather than about protecting the platform’s

By Matt Egan, CNN New York (CNN) — Truth Social owner Trump Media & Technology Group has finalized its deal to go public, creating a massive windfall for former President Donald Trump that doubles his net worth. After Trump Media announced it will make its stock market debut on Tuesday, Trump for the first time

CNN By Chris Isidore, CNN New York (CNN) — Boeing CEO Dave Calhoun said Monday he intends to leave the beleaguered company by the end of the year in a major shakeup of the company’s leadership. Boeing’s chairman and the head of the commercial airplane unit are also leaving. Boeing’s chairman, Larry Kellner, will not

By Chris Isidore, CNN New York (CNN) — Boeing CEO Dave Calhoun said Monday he intends to leave the beleaguered company by the end of the year in a major shakeup of the company’s leadership. Boeing’s chairman and the head of the commercial airplane unit are also leaving. Boeing’s chairman, Larry Kellner, will not stand

By Olesya Dmitracova, CNN London (CNN) — The European Union has launched investigations into Apple, Google and Facebook parent Meta on suspicion that they are failing to comply with a new landmark European law designed to promote competition in digital services. The European Commission said it “suspects” that various practices by all three companies “fall

By Oliver Darcy, CNN (CNN) — Former “Meet the Press” moderator Chuck Todd delivered a stunning rebuke of NBC News on Sunday, blasting the network for hiring former Republican National Committee chair Ronna McDaniel as a paid political analyst. Todd, who serves as the network’s chief political analyst, delivered his scathing criticism after McDaniel made

By Ramishah Maruf, CNN New York (CNN) — Bring up installing a bidet to the average American before the pandemic, and they might have likely flushed the idea straightaway. The bathroom washer business, once a foreign concept to many in the US, experienced a huge boom during the Covid-19 pandemic, when shoppers were battling over

By Sara Smart, CNN (CNN) — When the next Powerball numbers are drawn Monday night, a lucky lottery player somewhere in the country could win an estimated $800 million grand prize. No tickets matched all six numbers for the $750 million jackpot in Saturday night’s drawing, so the jackpot continued to swell, according to the lottery. The

By Samantha Delouya and Nicole Goodkind, CNN (CNN) — The Federal Aviation Administration warned Saturday its increased oversight of United Airlines — after a string of nearly a dozen incidents on flights this month — may mean the troubled airline will have to put some of its future plans on hold. “Due to recent safety

By Casey Tolan and Rene Marsh, CNN (CNN) — The nation’s largest credit union said this week that an external review found it hadn’t considered race in mortgage underwriting, responding to CNN’s previous reporting about racial gaps in its mortgage approval rates. Navy Federal Credit Union, which has more than 13 million members and lends to military

By Whitney Wild, CNN Chicago (CNN) — This winter, every morning that hotel owner Kelli Doyen looked outside her window, she hoped to see the Gwinn Model Towne Inn’s snowmobile caked in snow. “We are one of only four properties that has a snowmobile trail right off the property,” said Doyen, who co-owns the hotel

By Brian Fung, CNN Washington (CNN) — Every week, Cynthia George connects with her granddaughter and great-grandson on video calls. The 71-year-old retiree reads the news on her MSN homepage and googles how to fight the bugs coming from her drain in Florida’s summer heat. She hunts for grocery deals on her Publix app so

By Sara Smart, CNN (CNN) — With no winner of the Mega Millions jackpot Friday, the grand prize for Tuesday’s drawing grew past the billion-dollar mark, according to the lottery. The jackpot for the next drawing on Tuesday night – an estimated $1.1 billion – marks the first time in seven months that the jackpot prize has topped

By Gregory Wallace and Samantha Delouya, CNN (CNN) — The Federal Aviation Administration will take a closer look at safety at United Airlines after a string of nearly a dozen incidents this month, the airline said in a memo Friday. “Over the next several weeks, we will begin to see more of an FAA presence

By Peter Valdes-Dapena, CNN (CNN) — Stellantis is recalling almost 285,000 Dodge Charger and Chrysler 300 sedans in the United States because they have side curtain airbag inflators that could burst, sending metal shrapnel flying through the cabin. Airbag inflators rely on a chemical reaction that produces gas that rapidly inflates the airbag. Moisture may

By Oliver Darcy, CNN (CNN) — NBC News on Friday announced that it had hired Ronna McDaniel, the former Republican National Committee chair who has repeatedly attacked the network and its journalists, assailed the news media as “fake news” and promoted false claims around the 2020 vote, as an on-air commentator ahead of the 2024 presidential election. “It couldn’t be a more

By Jeanne Sahadi, CNN (CNN) — After no ticket matched all numbers drawn in Tuesday night’s Mega Millions lottery, anyone feeling lucky has another chance to win the jackpot, which now stands at a whopping $977 million, at the Friday drawing. To be sure, there’s nothing wrong with fantasizing about winning the grand prize, or dropping

By Oliver Darcy, CNN New York (CNN) — The Daily Wire, the right-wing media outlet co-founded by Ben Shapiro, said Friday that it had severed ties with Candace Owens, the far-right commentator who has ignited a torrent of backlash in recent months for her repeated embrace of antisemitic rhetoric. “Daily Wire and Candace Owens have ended their relationship,” Jeremy Boreing,

By Krystal Hur, CNN New York (CNN) — Donald Trump is now more likely than ever to make a Wall Street comeback — and that has escalated the meme-trading frenzy surrounding the former president. Shareholders of Trump Media, the parent company of Trump’s social media platform, Truth Social, voted Friday to approve a merger with Digital World Acquisition

CNN By Matt Egan, CNN (CNN) — Investors have approved a deal on Friday to make Truth Social owner Trump Media a publicly traded company. The green light from shareholders clears a major hurdle for a long-delayed merger that will generate a multi-billion dollar windfall for former President Donald Trump at a time when he’s

By Anna Cooban, CNN London (CNN) — Things have gone from bad to worse for Adidas. After a costly break-up with US rapper Ye that helped push the German sportswear giant into a rare loss last year, it’s now suffered a bruising defeat on home turf. The German Football Association (DFB) announced Thursday that the company’s

By Sara Smart and Chris Isidore, CNN Atlanta (CNN) — Passengers on board the Alaska Airlines Boeing 737 Max 9 that suffered a terrifying midair blowout in January have received a letter from the FBI saying they may be victims “of a crime.” Attorney Mark Lindquist, who represents multiple passengers that were on Alaska Airlines

By Brian Fung, CNN (CNN) — A federal judge has dismissed a criminal indictment against seven Twitter users and a podcaster accused of running a $100 million stock manipulation scheme over social media. The Justice Department did not do enough to describe the influencers’ activities as a “scheme to defraud,” wrote District Judge Andrew Hanen of the US

By Ramishah Maruf, CNN New York (CNN) — Nestlé USA is recalling more than 440,000 metallic Starbucks-branded holiday mugs because they can overheat or break when microwaved or filled with extremely hot liquid. The US Consumer Product Safety Commission said Thursday there have been 12 instances of the mugs overheating or breaking, resulting in 10 injuries.

By Clare Duffy, CNN New York (CNN) — Reddit, one of the original social media companies, is finally making its debut on the New York Stock Exchange Thursday — more than a decade after many of its peers. Trading under the ticker “RDDT,” shares started trading at $47 and reached a high of $57.80 early Thursday afternoon,

By Nathaniel Meyersohn, CNN New York (CNN) — Birkin handbags are some of the priciest, most exclusive bags in the world. Hermès produces a limited number of Birkins and they can sell for around $450,000. And just having the money often isn’t enough. A new lawsuit brought by two customers in California who were unable

By David Goldman, CNN New York (CNN) — “Buy your mom an iPhone.” That was Apple CEO Tim Cook’s famous response at Vox’s 2022 Code Conference, when a reporter complained that her mother couldn’t see the videos she texted to her mom’s Android phone because they were grainy and slow. It’s also a quip that

CNN By Brian Fung, Hannah Rabinowitz and Evan Perez, CNN Washington (CNN) — The US Justice Department and more than a dozen states filed a blockbuster antitrust lawsuit against Apple on Thursday, accusing the giant company of illegally monopolizing the smartphone market. It’s the largest in a recent string of Big Tech companies to face

By Peter Valdes-Dapena, CNN (CNN) — After four consecutive years of sales growth, sales of ultra-expensive Bentley cars and SUVs were down 11% last year. Bentley chief executive Adrian Hallmark, in a presentation to reporters, blamed “a level of emotional sensitivity” among the brand’s wealthy clientele. In particular, Bentley buyers were sensitive about high interest

By Hanna Ziady and Mark Thompson, CNN London (CNN) — European Union leaders have endorsed a proposal to use windfall profits on frozen Russian financial assets to assist Ukraine, including spending as much as $3 billion a year on arms and ammunition for the country. The leaders agreed Thursday to further develop the plan presented by the

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. Rupert Murdoch is at risk of being personally dragged into another major lawsuit. Lawyers for Prince Harry and a number of other notable

By Laura He and Martha Zhou, CNN Hong Kong/Beijing (CNN) — Tim Cook is making a high-profile visit to China that coincides with Apple opening a huge new store in Shanghai — its second biggest in the world. It’s all part of a push by the company to reverse a decline in iPhone sales in its most important international

CNN By Matt Egan, CNN (CNN) — About 10% of US workers are in jobs that face the greatest risk of disruption from rapidly evolving artificial intelligence, according to a White House analysis shared first with CNN. The report represents the most in-depth analysis to date by the White House on the impact of AI

By Sarah Dewberry, CNN (CNN) — Angela Chao, the shipping company CEO and sister-in-law of outgoing Senate Minority Leader Mitch McConnell, was intoxicated when she drove her Tesla into a lake at a Texas ranch in a fatal crash last month, according to the Blanco County Sheriff’s Office. A 62-page incident report offers a harrowing

By Brian Fung, CNN (CNN) — The Federal Communications Commission is investigating Amazon and other retailers over the alleged marketing and sale of wireless signal jammers, the agency said Wednesday. Wireless devices that intentionally block or disrupt signals sent by other legitimate electronics, such as cellphones and GPS units, are illegal to both use and

By Clare Duffy, CNN New York (CNN) — Reddit, one of the original social media companies, is finally making its debut on the New York Stock Exchange — more than a decade after many of its peers. It’s a major milestone for the nearly 20-year-old company, something Reddit has been preparing for since at least

By Brian Fung, CNN Washington (CNN) — Apple is flouting a court order intended to reshape the iPhone maker’s app store in the United States, according to a court filing by rival tech giants including Meta, Microsoft, X and the dating-app company Match Group. The filing accuses Apple of willfully circumventing the spirit of the

By Scott McLean, Ipek Yezdani and Anna Cooban, CNN Istanbul/London (CNN) — Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing. This “standing market” — a low-rent version of a chaotic stock exchange floor —

CNN By Scott McLean, Ipek Yezdani and Anna Cooban, CNN Istanbul/London (CNN) — Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing. This “standing market” — a low-rent version of a chaotic stock exchange floor

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve held its key interest rate steady Wednesday for the fifth consecutive meeting, as the central bank awaits more data to determine when to cut rates. The Fed has raised rates aggressively over the past two years in a bid to fight the highest inflation in decades. But while Americans continue to deal with

CNN By Melissa Alonso, CNN (CNN) — With no winner of the Mega Millions jackpot Tuesday, the jackpot for Friday’s drawing has climbed to an estimated $977 million, according to the lottery. While there was no big winner Tuesday, four players won at least $1 million, Mega Millions said. Tuesday’s winning numbers were: 24, 46, 49,

By Diksha Madhok, CNN New Delhi (CNN) — Five times the size of Paris. Visible from space. The world’s biggest energy plant. Enough electricity to power Switzerland. The scale of the project transforming swathes of barren salt desert on the edge of western India into one of the most important sources of clean energy anywhere

By Samantha Delouya, CNN (CNN) — Chipotle’s board announced that it approved a 50-for-1 stock split on Tuesday, which the company called one of the biggest stock splits in New York Stock Exchange history. That means a single share of Chipotle, worth $2,797.56 as of Tuesday’s stock market close, will be split into 50 smaller

By Ramishah Maruf, CNN New York (CNN) — Philanthropist MacKenzie Scott is giving away $640 million to 361 nonprofits, her organization — Yield Giving — and Lever for Change announced Tuesday, after an open call for applicants. More than 6,000 nonprofit organizations had applied for the funding. Scott ended up giving more than double what

By Olesya Dmitracova, CNN London (CNN) — The owner of Novo Nordisk, the drugmaker that gave the world Ozempic and Wegovy, is funding a new supercomputer powered by Nvidia’s artificial intelligence technology with a key aim of discovering new medicines and treatments. The Novo Nordisk Foundation has awarded France’s Eviden a contract to build what

By Matt Egan, CNN (CNN) — The House Education Committee formally requested a wide range of documents from the University of California, Berkeley on Tuesday as part of lawmakers’ growing investigation of antisemitism on college campuses. In a letter to UC Berkeley leaders, Rep. Virginia Foxx, the Republican chair of the committee, said lawmakers are