Money

By Chris Isidore and Gregory Wallace, CNN New York (CNN) — Boeing reported a minor bounce back in sales in February after orders ground essentially to a halt in January following the Alaska Airlines door plug incident. The troubled aircraft maker reported 15 commercial jet orders in the month. That’s a rebound from just three

By Olesya Dmitracova, Chris Stern and Duarte Mendonca, CNN London/Berlin (CNN) — Production at Tesla’s factory near Berlin is gradually resuming after the plant was reconnected to the power grid late on Monday following a week-long closure caused by an arson attack. “The lights are back on,” German energy network E.DIS told CNN late on

By Jordan Valinsky, CNN New York (CNN) — Multiple Taco Bell locations in Oakland have closed their dining rooms because of safety concerns in the California city, which has been struggling with rising crime affecting businesses both big and small. Taco Bell said in a statement that “providing a safe environment for team members and

By Jordan Valinsky, CNN New York (CNN) — Stella Artois, the nearly century-old brew, isn’t immune to the difficulties facing beer sales, so it’s drafting one of the world’s most recognizable personalities to help the lager return to its former glory: David Beckham. On Tuesday, the Anheuser-Busch InBev-owned brand introduced the former soccer superstar as

By Laura He, CNN Hong Kong (CNN) — Chinese banks are reportedly scrambling to bail out one of the country’s biggest property developers after its credit rating was downgraded to “junk” status by Moody’s on Monday. Beijing has been struggling to restore confidence in the country’s ailing real estate industry and appears to be working

CNN By Parija Kavilanz, CNN New York (CNN) — Tweens are obsessed with skincare. Their curiosity for all kinds of creams, gels, face masks and facial peels has even earned them a viral moniker: “Sephora Kids.” “The Sephora Kid trend is a real phenomenon,” said Dr. Lauren Penzi, a New York-based dermatologist. And skincare experts

By Parija Kavilanz, CNN New York (CNN) — Tweens are obsessed with skincare. Their curiosity for all kinds of creams, gels, face masks and facial peels has even earned them a viral moniker: “Sephora Kids.” “The Sephora Kid trend is a real phenomenon,” said Dr. Lauren Penzi, a New York-based dermatologist. And skincare experts are

By Clare Duffy, CNN New York (CNN) — OpenAI in a court filing Monday said it was doing just fine without Elon Musk after he left the company in 2018 — and now Musk wants to claim all OpenAI‘s enormous success over the past six years for himself. OpenAI came out swinging in a new legal

By Matt Egan, CNN New York (CNN) — The president and board chairs of Columbia University have agreed to testify next month at a Congressional hearing on campus antisemitism. The House Education and Workforce Committee announced Monday it will hold a hearing on April 17 featuring Columbia President Minouche Shafik and the two co-chairs of

By Marshall Cohen, CNN (CNN) — An alleged bribery scheme in the Philippines has thrown a potential lifeline to Fox News and other right-wing media outlets that are battling massive defamation lawsuits from the voting technology company Smartmatic for their promotion of 2020 election lies. The overseas scandal washed ashore last year when the Justice Department charged the Philippines’ former election commissioner

By Clare Duffy, CNN New York (CNN) — Reddit on Monday said it expects to price shares between $31 and $34 each when it makes its long-anticipated initial public offering, which will make it the first social media company to go public in years. The announcement gives potential investors — including some Reddit users —

By Liam Reilly, CNN (CNN) — Deadspin, the irreverent sports and news site best known for its commentary and analysis, laid off all of its staff on Monday after the outlet was sold to a startup firm. In a memo to staffers, Jim Spanfeller — the chief executive of G/O Media, Deadspin’s parent company prior to the sale — wrote that

By Brian Fung and Samantha Murphy Kelly, CNN (CNN) — An edited photograph of Catherine, Princess of Wales, and her family that several news agencies have since pulled for evidence of manipulation raises a thorny question: In an age when digital editing tools are more widespread and easier than ever to use, what even is

CNN By Jim Sciutto, CNN (CNN) — To Donald Trump, Hungarian strongman Viktor Orbán is “fantastic,” Chinese leader Xi Jinping is “brilliant,” North Korea’s Kim Jong Un is “an OK guy,” and, most alarmingly, he allegedly said Adolf Hitler “did some good things,” a worldview that would reverse decades-old US foreign policy in a second

By Matt Egan, CNN New York (CNN) — Facebook once again finds itself in the crosshairs of former President Donald Trump. And that’s making some traders on Wall Street nervous. Meta Platforms (META), the owner of Facebook and one of the stars of the recent market rally, fell about 4% on Monday after Trump called

By Jordan Valinsky, CNN New York (CNN) — WWE and Logan Paul’s Prime have struck a “record-setting” deal to feature the sports drink as the first-ever brand logo to appear in the center of the wrestling mat. Prime’s pact, which is the largest deal that WWE has ever struck with a sponsor, also makes the

By Chris Isidore, CNN New York (CNN) — If you want to find the most new union members, don’t go to a Starbucks or an Amazon warehouse, despite the high profile organizing wins unions have achieved with those employers in recent years. Head to college and university campuses. The Dartmouth College men’s basketball team achieved

By Philip Wang, CNN Washington, DC (CNN) — The US government on Sunday urged insurance companies to make advanced payments to health care providers following a cyberattack that disrupted insurance processing systems. The cyberattack had “significant impact” on Change Healthcare, a unit of health IT giant UnitedHealth Group, which processes 15 billion health care transactions

By Eva Rothenberg, CNN New York (CNN) — The Body Shop has shut down all of its US-based operations and will be closing dozens of Canadian store locations as it files for bankruptcy. In a news release earlier this month, the UK-based cosmetics company announced that its US subsidiary is no longer operational, effective March

By Chris Boyette and Rebekah Riess, CNN (CNN) — Angela Chao, CEO of shipping company Foremost Group and sister of former US cabinet secretary Elaine Chao, died after her car became submerged in a pond on a Central Texas ranch last month, according to the Wall Street Journal and a report from Blanco County Emergency

By Chris Isidore, CNN New York (CNN) — Michael Stumo’s life changed forever on March 10, 2019. His daughter, Samya Rose Stumo, was killed that day when the Boeing 737 Max 8 she was on plunged into the ground just outside Addis Ababa, Ethiopia, six minutes after the plane took off. She was 24 years

By Elisabeth Buchwald, CNN New York (CNN) — When I set up an interview with Bruce Van Saun, head of Citizens Financial Group, the 14th largest bank in the US, for a piece that would mark the first anniversary of the collapse of Silicon Valley Bank I didn’t anticipate having such a fresh feeling of déjà

By Jordan Valinsky, CNN New York (CNN) — Why does actor Aaron Paul co-own a mezcal brand? The answer is quite simple: “I like drinking.” Along with his former “Breaking Bad” co-star turned best friend Bryan Cranston, the two co-founded Dos Hombres Mezcal in 2019 — joining the long list of celebrity-backed alcohol brands launched

By Sean Lyngaas, CNN (CNN) — For more than two weeks, a cyberattack has disrupted business at health care providers across the United States, forcing small clinics to scramble to stay in business and exposing the fragility of the billing system that underpins American health care. “We’re hemorrhaging money,” said Catherine Reinheimer, practice manager at the

By David Goldman and Poppy Harlow, CNN New York (CNN) — What an absolute roller coaster ride. OpenAI, the ChatGPT maker that has been in management upheaval for more than four months, announced that its co-founder and CEO Sam Altman would return to its board of directors as part of a reshaped oversight team. Altman’s return

By Clare Duffy, CNN New York (CNN) — When Raúl Torrez, then a young prosecutor in a rural New Mexico, was preparing one of his first child abuse cases, he went to his father for advice. Torrez expected his dad, a career prosecutor, to offer some tips about preparing evidence or addressing the jury. Instead,

By Brian Fung, CNN (CNN) — Apple has abruptly reversed a decision to ban Epic Games, the maker of “Fortnite,” from launching its own app store on iOS in Europe — just a day after European Union officials said they were investigating the matter. It’s the first major test of Europe’s new digital competition rules that

By Joshua Girsky and Clare Duffy, CNN New York (CNN) — Many companies had to manage employee discontent when calling them back to the office as risks from the Covid-19 pandemic eased. And now that they’re back, employers are having to address a new issue: some employees have forgotten how to behave in the office.

By Brian Fung, CNN Washington (CNN) — House lawmakers are moving with dizzying speed with a plan that could ban TikTok from the United States. In the span of two days this week, a key House committee introduced and approved a bill targeting TikTok. The full House is set to vote on it as early

By Anna Cooban, CNN London (CNN) — First, Novo Nordisk, the company behind Ozempic and Wegovy, outgrew its native Denmark. Now, it’s bigger than Tesla. Shares in the pharmaceutical giant rose jumped more than 8% Thursday, pushing its market capitalization to $609 billion, about $40 billion more than Tesla’s valuation. Investors rushed into Novo Nordisk’s

By Sean Lyngaas, CNN (CNN) — Russian state-backed hackers gained access to some of Microsoft’s core software systems in a hack first disclosed in January, the company said Friday, revealing a more extensive and serious intrusion into Microsoft’s systems than previously known. Microsoft believes that the hackers have in recent weeks used information stolen from

By Matt Egan, CNN New York (CNN) — The Congressional committee investigating campus antisemitism sent a letter to the Massachusetts Institute of Technology on Friday seeking a wide range of documents on how the school is protecting Jewish students. The letter from Rep. Virginia Foxx, the Republican chairwoman of the House Education and Workforce Committee,

By Bryan Mena and Anna Bahney, CNN Washington (CNN) — Americans are in the throes of the worst housing affordability crisis in decades. Baby Boomers aren’t parting with their homes, insurance costs are skyrocketing, mortgage rates are sky-high and half of renters say they can’t afford their monthly payment. Some have given up on ever owning

By Chris Isidore, CNN New York (CNN) — After being rocked by years of quality and safety issues, Boeing is changing the bonus formula it uses to pay more than 100,000 nonunion employees. Instead of basing most of white-collar employees’ bonuses on financial results, bonuses will now be based mostly on safety and quality metrics.

By Alicia Wallace, CNN New York (CNN) — The US labor market appears to be doing just swell — but the boom times are likely in the rearview mirror. The economy added 275,000 jobs in February, the Bureau of Labor Statistics reported Friday, a stronger-than-expected gain that shows the foundation for economic growth remains quite

By Hilary Whiteman, CNN (CNN) — Within a year of calling off his last wedding, nonagenarian billionaire Rupert Murdoch has popped the question to another partner, months after they started dating. The former News Corp chairman’s media representative confirmed the news to CNN on Friday, just days before the billionaire’s 93rd birthday next Monday. It’s the

By Peter Valdes-Dapena, CNN (CNN) — Rivian, the electric vehicle startup known for its of-road capable truck and SUV models, has unveiled two new, more affordable SUVs that the company hopes will take its sales to a new level. Currently, Rivian sells only two models, the big R1T SUV and the the R1S pickup, priced

By Matt Egan, CNN New York (CNN) — Even as unemployment remains historically low and recession fears fade, consumer credit scores are starting to buckle. The national average FICO score dipped to 717 as of October, down from 718 in July, according to data released Wednesday by FICO, an analytics company that evaluates the strength

Analysis by Hanna Ziady, CNN London (CNN) — The first fatal attack on a commercial vessel in the Red Sea since Iran-backed Houthi rebels began targeting ships late last year has laid bare the enormous challenge of restoring safe passage along one of the world’s most important trade routes. At least three crew members were

By Pete Muntean and Gregory Wallace, CNN (CNN) — Boeing is now party to a new federal investigation involving a 737 Max after United Airlines pilots reported that part of the flight controls became jammed as they landed in Newark last month. In a newly-released preliminary report of the February 6 incident, the National Transportation

By Jordan Valinsky, CNN New York (CNN) — While a mega merger between two of America’s largest grocery chains is snarled in regulatory red tape, a smaller European rival is eyeing a major expansion in the US. Aldi said Thursday that it plans to open 800 new stores nationwide in a $9 billion expansion plan,

By Anna Cooban and Nadine Schmidt, CNN London/Berlin (CNN) — Germany’s biggest airline has warned that ongoing strikes by thousands of its ground staff and airport workers could hurt its earnings this quarter, after walkouts earlier this year already cost the company more than $100 million. Lufthansa Group, which owns German flag carrier Lufthansa and

By Elisabeth Buchwald, CNN New York (CNN) — Customers of New York Community Bank (NYCB) pulled $6 billion worth of deposits between February 5 and March 5, leaving the bank’s deposit base 7% lower, at $77 billion. However, the pattern is not indicative of a bank run, which these days can drain a lender of funds

By Alicia Wallace, CNN New York (CNN) — Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. Economists expect that US employers added 200,000 jobs last month, according to FactSet estimates. Such a tally pales in comparison to January’s whopping 353,000 job gains. But February’s

By Melissa Alonso and Amanda Jackson, CNN Atlanta (CNN) — Self-checkout annoys many grocery shoppers and causes problems that are prompting numerous major retailers to pull back on using it. But that’s not stopping the Transportation Security Administration from testing a self-service screening system at Harry Reid International Airport in Las Vegas later this month.

By Laura He, CNN Hong Kong (CNN) — China registered a surprise jump in foreign trade at the start of the year, partly because of strong demand from Russia, India and emerging markets in Africa and Latin America. Exports from the world’s second largest economy rose by 7.1% in the January-to-February period, beating the 1.9%

By Brian Fung, CNN Washington (CNN) — Europeans using Apple, Google and other major tech platforms woke to a new reality Thursday as a landmark law imposed tough new competition rules on the companies — changing European Union citizens’ experience with phones, apps, browsers and more. The new EU regulations force sweeping changes on some

By Veronica Miracle and Jeffrey Kopp, CNN San Francisco (CNN) — For the first time in ten years, California voters could get the opportunity to change a controversial law aimed at criminal justice reform. A new proposal, called The Homelessness, Drug Addiction and Theft Reduction Act, would roll back parts of Proposition 47, approved by California

CNN, WFFF, KGO, KPIX, CALIFORNIA DEPARTMENT OF CORRECTIONS, BUSTDOWNCORN, TIKTOK, SAN DIEGO COUNTY DISTRICT ATTORNEY’S OFFICE, GETTY IMAGES, bustdowncorn/TikTok By Veronica Miracle and Jeffrey Kopp, CNN San Francisco (CNN) — For the first time in ten years, California voters could get the opportunity to change a controversial law aimed at criminal justice reform. A new

By Chris Isidore, CNN New York (CNN) — A massive controlled burn that sent toxic chemicals into the air of East Palestine, Ohio, in February 2023 was not necessary, the chair of the National Transportation Safety Board testified at a Senate hearing Wednesday. Under questioning from Sen. J.D. Vance, an Ohio Republican, NTSB Chair Jennifer

CNN By Elizabeth Wagmeister, CNN (CNN) — Barbie has had quite the year. As she celebrates her 65th birthday this week, the newly minted movie star has inspired a worldwide cultural movement and will make her grand debut at the Academy Awards this upcoming weekend with eight nominations. “Barbie” – the movie – was a

By Elizabeth Wagmeister, CNN (CNN) — Barbie has had quite the year. As she celebrates her 65th birthday this week, the newly minted movie star has inspired a worldwide cultural movement and will make her grand debut at the Academy Awards this upcoming weekend with eight nominations. “Barbie” – the movie – was a smash

By Hannah Rabinowitz and Brian Fung, CNN (CNN) — A Google employee was charged Tuesday with stealing artificial intelligence trade secrets from the tech giant while secretly working with two Chinese-based companies in the AI industry. Linwei Ding, who also goes by Leon Ding, is charged with four counts of theft of trade secrets. If

By Ramishah Maruf, CNN New York (CNN) — Linkedin was back online Wednesday after tens of thousands of users reported outages on the professional networking site, according to outage tracker Downdetector. The outage lasted about an hour, according to LinkedIn’s status page. LinkedIn confirmed the outage on X, saying its teams were working to resolve

By Clare Duffy, CNN New York (CNN) — A Microsoft employee is warning the company’s artificial intelligence systems could create harmful images, including sexualized images of women, according to a letter he sent to the US Federal Trade Commission Wednesday. Shane Jones, a Microsoft principal software engineering lead, claimed that the company’s AI text-to-image generator

By Gregory Wallace and Pete Muntean, CNN (CNN) — Boeing has not turned over important records to investigators probing the door plug blowout on a 737 Max earlier this year, investigators say. That, Boeing signaled Wednesday afternoon, is because there are no records. The records in question are documentation of steps on the assembly line

By Samantha Delouya, CNN (CNN) — Regulators on Wednesday passed a rule requiring companies to share how much they pollute. But, after two years of backlash, the final rule was significantly watered down from its original version. Some business leaders and lawmakers said the rule overstepped; climate activists argued it didn’t do enough. The version

By Anna Cooban, CNN London (CNN) — The United Kingdom has announced that it will scrap a 225-year-old rule that has allowed many of its richest residents to pay hardly any tax on their vast foreign earnings — a benefit enjoyed at one point by the prime minister’s wife. The axing of the non-domiciled tax regime

By Elisabeth Buchwald, CNN New York (CNN) — Beleaguered regional lender New York Community Bank (NYCB) is receiving a more than $1 billion equity investment. The majority of the investment, $450 million, is coming from former Treasury Secretary Steven Mnuchin’s firm, Liberty Strategic Capital. The remaining sum will come from Hudson Bay Capital, Reverence Capital

By Jordan Valinsky, CNN New York (CNN) — Starbucks’ Middle East franchisee, Alshaya Group, is cutting thousands of jobs at its coffee shops because of a “challenging” work environment as the chain grapples with boycotts over the brand relating to Israel’s war against Hamas in Gaza. In a statement to CNN, Alshaya said the layoffs

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve is in no rush to cut interest rates, according to Fed Chair Jerome Powell’s written testimony submitted to congressional lawmakers, released Wednesday. That means more pain for Americans, who have already faced almost two years of elevated borrowing costs on everything from car loans to mortgages. The Fed chief is on

By Ramishah Maruf and Brian Fung, CNN New York (CNN) — A federal judge has allowed parts of a $250 million copyright lawsuit to proceed against Elon Musk’s X, handing the social media company a blow as it faces allegations that it helped some people use artists’ music without permission. The decision exposes X, formerly

By David Goldman, CNN New York (CNN) — OpenAI fired back at Elon Musk, who sued the ChatGPT company last week for chasing profit and diverging from its original, nonprofit mission. Tuesday night, OpenAI published several of Musk’s emails from the early days of the company that appear to show Musk acknowledging OpenAI needed to make

By Clare Duffy, CNN New York (CNN) — Leading artificial intelligence image generators can be manipulated into creating misleading election-related images, according to a report released Wednesday by tech watchdog the Center for Countering Digital Hate. The findings suggest that despite pledges from leading AI firms to address risks related to potential political misinformation ahead of

By Hanna Ziady, CNN London (CNN) — UK finance minister Jeremy Hunt announced a tax cut for workers Wednesday as he unveiled what is likely to be the government’s last budget before a general election later this year. Hunt cut national insurance — a levy paid by people who work — by two percentage points.

By Samantha Delouya, CNN Los Angeles (CNN) — A Panera Bread franchise owner in California said he will raise the minimum wage for his employees after accusations he benefited from ties to the state’s governor to avoid hiking pay. A new state minimum wage law exempts certain businesses that make and sell bread – a carveout

WMUR By Chris Isidore, CNN New York (CNN) — Members of the Dartmouth College men’s basketball team Tuesday became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports. The team members voted 13-2 in favor of the union, according to the National Labor

By Samantha Murphy Kelly, CNN (CNN) — iPhone sales dropped 24% in the first six weeks of 2024, according to a new report, adding to significant problems for Apple and other Western tech companies in a crucial market. Analysts from Counterpoint Research said the overall mobile market in China fell by 7% with companies including

By Matt Egan, CNN New York (CNN) — Rep. Virginia Foxx, the Republican chairwoman of the House Education Committee, said Tuesday that Harvard University has failed to comply with her unprecedented subpoena for documents on campus antisemitism. Foxx said in a statement that her committee is now “weighing an appropriate response to Harvard’s malfeasance.” “Harvard

By Krystal Hur, CNN New York (CNN) — Stocks tumbled Tuesday with tech stocks leading the way, continuing to retreat from record highs set last week. The Dow fell 405 points, or 1%, after declining more than 500 points at its session lows. The S&P 500 slipped 1% and the Nasdaq Composite slid 1.7%. That

By Kara Nelson, CNN (CNN) — A life-changing grocery store run has erased one Kentucky man’s debts. While he was checking out on February 9 at a store in Louisville, Charles Stallard decided to add one more item to his shopping cart: a lottery ticket that can pay fifty times the cash amount that’s revealed.

By Jon Passantino and Oliver Darcy, CNN New York (CNN) — Rupert Murdoch is pulling the plug on the television broadcast of his right-wing UK outlet TalkTV, a blow to the media mogul who launched the opinion-focused venture just two years ago with an aim of replicating the success of Fox News in the UK. In

By Devan Cole, CNN (CNN) — A federal appeals court on Tuesday threw out a lawsuit that sought to hold Apple, Google, Tesla and other major tech companies liable for their alleged use of child labor to mine cobalt in the Democratic Republic of Congo. The DC Circuit Court of Appeals said in a unanimous

By Chris Isidore, CNN New York (CNN) — Members of the Dartmouth College men’s basketball team Tuesday became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports. The team members voted 13-2 in favor of the union, according to the National Labor Relations

By Krystal Hur, CNN New York (CNN) — Goldbugs are rejoicing as their favorite precious metal continues to reach new heights. The price of gold rose on Tuesday to settle at $2,141.90 a troy ounce, notching another record high as investors continue to bet the Federal Reserve will cut rates in the back half of

By Brian Fung, CNN Washington (CNN) — The Biden administration sanctioned multiple software vendors on Tuesday accused of helping repressive governments spy on everyone from US officials to journalists to human rights activists — expanding a US crackdown on the shadowy industry behind what’s known as “commercial spyware.” The Treasury Department said that as part of

By Clare Duffy, CNN New York (CNN) — Meta’s platforms, including Facebook and Instagram, went down for thousands of users on Tuesday, because of what the company called a “technical issue.” The outage was resolved within around two hours. As many as 500,000 Facebook users had reported issues logging in or accessing the site as

By Peter Valdes-Dapena, CNN (CNN) — Muscle car shoppers will face some important decisions with the 2024 Dodge Charger. First, the new Charger will be available as a battery-powered electric car or with a gasoline engine. And for the first time it will be available with two or four doors. Also, unlike most EVs, the