Money

By Peter Valdes-Dapena, CNN (CNN) — Toyota is recalling 381,000 Tacoma pickups because bolts in the rear axle could loosen and fall off, which could eventually allow part of the rear axle to detach. It’s unclear exactly how many trucks have been affected, but in at least some of these trucks, metal from welding spattered

By Clare Duffy, CNN New York (CNN) — TikTok’s global trust and safety unit is getting a new leader, the company confirmed on Tuesday. Cormac Keenan, who has led trust and safety for the social media giant since 2020 from its Dublin, Ireland, office, is stepping back into a strategic advisory role working with the

By Brian Fung, CNN (CNN) — Uber. Venmo. Etsy. These are just some of the widely used online platforms that US Supreme Court justices said this week could be massively disrupted by a pair of Texas and Florida laws that are purportedly aimed at social media, but that could have vast unintended consequences for the

By Parija Kavilanz, CNN New York (CNN) — Millennials and GenZers are redefining lifestyle trends – from the way we dress, live, work and socialize to how we celebrate life moments. That includes weddings. Formalities like big wedding parties with bridesmaids and groomsmen divided by gender, people getting married in churches, even practices that seemed

By Tami Luhby, CNN (CNN) — Alabama’s Supreme Court ruling that frozen embryos are children could have an even greater impact on would-be parents in the state — and elsewhere if other states follow suit — than it would have just a few years ago. That’s because more employers are providing fertility benefits to their

A man is suing Walt Disney Parks and Resorts and Raglan Road Irish Pub & Restaurant after his wife, a New York-based doctor, died suddenly after eating at the restaurant.

By Michael Nam, CNN New York (CNN) — Electronics giant Sony announced on Tuesday that it will be cutting 900 jobs, or 8%, in PlayStation’s global workforce. The layoffs will impact all regions for Sony Interactive Entertainment, according to the PlayStation press release, with its in-house London studio, responsible for the competitive singing video game

CNN By Matt Egan, CNN New York (CNN) — Americans are increasingly falling behind on their credit card bills and car loans as years of high inflation take their toll. This spike in delinquencies is raising fears about the Buy Now, Pay Later boom. Critics worry these increasingly popular short-term lenders are allowing shoppers to

By Matt Egan, CNN New York (CNN) — Americans are increasingly falling behind on their credit card bills and car loans as years of high inflation take their toll. This spike in delinquencies is raising fears about the Buy Now, Pay Later boom. Critics worry these increasingly popular short-term lenders are allowing shoppers to pile

By Nathaniel Meyersohn, CNN New York (CNN) — Macy’s is getting a new, smaller, but more luxurious look designed to turn around the troubled retailer and keep the century-and-a-half old brand relevant to rapidly changing demands from shoppers. First, Macy’s will have to downsize. The company is closing 150 underperforming stores — 50 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. Kara Swisher is not shying away from her trademark tell-it-as-it-is MO. As existential questions confront both the tech and media industries, the

By Chris Isidore and Tami Luhby, CNN New York (CNN) — Few states are as closely associated with a single industry as Michigan and autos. But auto jobs aren’t as dominant in the state as they once were, and Michigan – which holds its Republican and Democratic primaries on Tuesday – has lost many of

By Laura He, CNN Hong Kong (CNN) — Washington will allow Chinese airlines to further increase their direct passenger flights to the United States, as it takes another step in gradually restoring aviation services that had been affected by the Covid-19 pandemic and an air travel dispute between the two countries. From March 31, Chinese

By Jon Passantino, CNN (CNN) — Donald Trump has paid $392,000 to The New York Times to cover the legal costs from his failed lawsuit against the newspaper and its journalists over a 2018 investigation into his finances that included confidential tax records, a spokesman for the Times told CNN on Monday. Trump was ordered to pay the money in January, more than eight months after Judge Robert R. Reed granted the Times’

By Chris Isidore, CNN New York (CNN) — Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous derailment in East Palestine, Ohio. Shaw received $13.4 million in total compensation in 2023, up from $9.8 million in 2022. His base salary

By Clare Duffy, CNN New York (CNN) — Reddit plans to take the unusual step of giving certain users the chance to become shareholders when it makes its initial public offering this year. The social media company announced the plan in its IPO filing last week and is now sharing more details about how users

CNN, SUPREME COURT By Brian Fung and John Fritze, CNN Washington (CNN) — The Supreme Court on Monday appeared to have deep concerns of state laws enacted in Florida and Texas that would prohibit social media platforms from throttling certain political viewpoints. The high-stakes battle gives the nation’s highest court an enormous say in how

By Peter Valdes-Dapena, CNN (CNN) — BYD is a Chinese carmaker that recently unseated Tesla as the world’s leading seller of electric vehicles. Its new all-electric Yangwang U9 has nearly 1,300 horsepower and is designed to compete directly with Lamborghini and Ferrari. The company says the Yangwang U9 has four electric motors and, with all-wheel-drive,

By Chris Isidore and Gregory Wallace, CNN (CNN) — The Federal Aviation Administration issued a report Monday sharply critical of the safety culture at Boeing, following two fatal crashes and several years of safety and quality issues at the troubled aircraft maker. Despite Boeing’s repreated claims of its commitment to safety procedures, the report by

By Eva Rothenberg and Sabrina Souza, CNN New York (CNN) — Students at the Albert Einstein College of Medicine in New York will receive free tuition after a $1 billion dollar donation from a former faculty member. Dr. Ruth Gottesman, 93, who spent 55 years as the chair of the school’s board, made the historic

By Krystal Hur, CNN New York (CNN) — A Texas man is facing insider trading charges and jail time after he used information gleaned from eavesdropping on his wife’s work-from-home calls, netting him $1.76 million from an upcoming oil industry acquisition. The Securities and Exchange Commission on February 22 charged Houston-based Tyler Loudon after he

By Eva Rothenberg, CNN New York (CNN) — Berkshire Hathaway neared a $1 trillion market valuation Monday after a record-breaking year, but CEO Warren Buffett warned in his annual letter to investors that more skyrocketing performances are likely a thing of the past. Berkshire Hathaway (BRK.B) saw its shares jump nearly 2%, to $429, on Monday

By Nathaniel Meyersohn, CNN New York (CNN) — The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices, store closures and job losses. The merger, announced in 2022, sought to combine the fifth and tenth

By Jordan Valinsky, CNN New York (CNN) — Fans of Outback Steakhouse may be surprised to see their local restaurant permanently closed after the chain’s parent company abruptly shut down dozens of locations around the US. Bloomin’ Brands revealed in an earnings call Friday that it closed 41 “underperforming locations” across the brands it owns,

By Brian Fung and John Fritze, CNN Washington (CNN) — The Supreme Court on Monday appeared to have deep concerns of state laws enacted in Florida and Texas that would prohibit social media platforms from throttling certain political viewpoints. The high-stakes battle gives the nation’s highest court an enormous say in how millions of Americans

By Anna Cooban, CNN London (CNN) — Ryanair may be forced to cut flights and raise fares in the peak summer season this year because crisis-hit Boeing can’t deliver the planes it promised. Michael O’Leary, the CEO of Europe’s biggest airline by passenger numbers, said during a widely-reported press briefing Friday that air fares could

By Nectar Gan, CNN Hong Kong (CNN) — Zong Qinghou, the rags-to-riches founder of one of China’s biggest beverage makers, has died. The self-made billionaire, who was once China’s richest man, died of an illness on Sunday at the age of 79, his company Hangzhou Wahaha Group said in a brief statement, without providing further

By Laura He, CNN Hong Kong (CNN) — Luckin Coffee, the Chinese chain that has been rebuilding its business since a fraud scandal four years ago, has reported a commanding sales lead over rival Starbucks in the important China market. In 2023, Luckin generated total net revenue of 24.9 billion yuan ($3.5 billion), up 87% from a

By Matt Egan, CNN New York (CNN) — The co-chair of a newly formed task force fighting antisemitism at Harvard University has abruptly stepped down after barely a month at the helm. The sudden resignation by Harvard Business School professor Raffaella Sadun, disclosed Sunday evening, is a setback for the Ivy League school’s efforts to

By Jordan Valinsky, CNN New York (CNN) — Football is back in full force this weekend. Sorry, the other one. Saturday marks the beginning of Apple’s second year of streaming Major League Soccer matches, a decade-long, $2.5 billion deal that’s part of an ambitious effort to attract more fans and money to the 28-year-old league,

By Nicole Goodkind and Eva Rothenberg, CNN New York (CNN) — Famed investor Warren Buffett’s annual letter to Berkshire Hathaway shareholders Saturday paid tribute to his longtime business partner and friend Charlie Munger, who died in November. Investors have long sought wisdom from the Oracle of Omaha on markets, the economy and life in general.

By Tami Luhby and Alicia Wallace, CNN (CNN) — The pandemic’s effect on South Carolina’s economy was palpable, but the fallout on employment didn’t cut as deep or last as long as it did nationally. The Palmetto State entered 2024 from a position of strength: Key industries are booming, and the stars are aligning for

By Jamiel Lynch, CNN (CNN) — A Tennessee judge has temporarily blocked the NCAA from enforcing parts of its interim policy that would have restricted how student athletes negotiate compensation for their names, images and likeness. The ruling dealt a significant setback to the NCAA’s attempts to rein in pay for students who play sports at its

By Peter Valdes-Dapena, CNN (CNN) — Ford stopped shipping its all-electric F-150 Lightning pickups and has been holding them for quality inspections since February 9. Ford spokesperson Emma Bergg would not specify any particular quality concern that engendered the shipment pause, calling holds like this a fairly routine part of the manufacturing process as vehicle

By Saira Mueller, CNN (CNN) — In the early hours of July 23, 2023, Twitter — the self-proclaimed digital town square — became X. Or did it? Though it’s been more than half a year since the divisive rebrand, the platform’s web domain is still twitter.com — even x.com redirects to the original link. In billing

By Sean Lyngaas, CNN (CNN) — As a cyberattack continues to disrupt insurance processing at pharmacies across the United States, people like Mara Furlich are facing a stark choice: Pay, at least initially, out of pocket for critical care or risk the health consequences of not getting treatment. Furlich, a 32-year-old Detroit social worker, went

By Clare Duffy and John Towfighi, CNN New York (CNN) — Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday. The move would make Reddit the first major social media company to go public since Snapchat in 2017.

By Nathaniel Meyersohn, CNN New York (CNN) — From Dua Lipa to “silent” book clubs, Millennials and Gen Z are joining book clubs as a way to socialize. Book club event listings grew 24% in the United States in 2023 from the previous year, according to ticketing platform Eventbrite. Meetup saw a 10% increase in

By Peter Valdes-Dapena, CNN (CNN) — Volkswagen is recalling more than 260,000 compact cars in the United States because a pump located inside the gas tank could leak fuel, possibly leading to a fire. The cars involved are various Volkswagen Golf, Golf GTI, Golf Sportwagen, Jetta and Audi A3s from the 2015 through 2020 model

By Krystal Hur, CNN New York (CNN) — Nvidia joined an exclusive club on Friday morning when its market value topped $2 trillion, just days after the chipmaker reported gangbusters earnings that once again swept Wall Street into an artificial intelligence-induced fervor. But the chipmaker’s stock pared some of its gains later in the day,

By Samantha Delouya and Ramishah Maruf, CNN (CNN) — Uber driver Damián Reyes was on his second ride of the day in the early hours of Thursday morning when he noticed something strange happening to his AT&T phone. First, his streaming music stopped playing. He restarted his phone, but his ride-sharing app went “completely blank,”

By Sara Smart, CNN (CNN) — The Florida House of Representatives passed legislation that would prohibit anyone under 16 in the state from holding accounts with certain social media platforms. The bill now heads for Republican Governor Ron DeSantis’ desk. On Thursday, the House passed House Bill 1 in a vote of 108-7, according to online records. HB1, or Online Protections for Minors, would require some

CNN By Peter Valdes-Dapena, CNN Laguna Beach, California (CNN) — There was a time when an electric Tesla pickup, something designed to go head-to-head against America’s most popular products, the Ford F-150 and Chevrolet Silverado, seemed just the thing to take Tesla truly mainstream. Then, in 2019, Elon Musk unveiled the Tesla Cybertruck, a bare

By Peter Valdes-Dapena, CNN Laguna Beach, California (CNN) — There was a time when an electric Tesla pickup, something designed to go head-to-head against America’s most popular products, the Ford F-150 and Chevrolet Silverado, seemed just the thing to take Tesla truly mainstream. Then, in 2019, Elon Musk unveiled the Tesla Cybertruck, a bare metal

By Jeanne Sahadi, CNN New York (CNN) — Being a working parent seeking affordable, accessible and high-quality child care in the United States can be as tricky — but much less fun — than solving the Rubik’s cube. The good news: More employers have started to offer child care benefits. The bad news: They are

By Laura He, CNN Hong Kong (CNN) — Nvidia has named Huawei a top competitor in a number of areas, including in the crucial production of processors that power artificial intelligence (AI) systems. The Santa Clara-based company said Wednesday in its annual report that Huawei was a competitor in four out of five major categories of its business,

CNN Opinion by Bob Kolasky (CNN) — The news Thursday morning of the AT&T service outage — affecting tens of thousands, if not hundreds of thousands of customers — was yet another reminder of the importance of critical infrastructure resilience. Statements from the company do not point to any nefarious activity but the Federal Communications Commission is investigating,

By Oliver Darcy, CNN (CNN) — Vice Media will cease publishing to its website and lay off several hundred staffers as the beleaguered publisher makes “fundamental changes” to its “strategic vision” under its new private equity ownership, chief executive Bruce Dixon announced Thursday in a memo to staff. “This decision was not made lightly, and

By Jennifer Korn, CNN (CNN) — Cybersecurity software company Avast faces a $16.5 million fine from the Federal Trade Commission after the agency filed a complaint Wednesday accusing the company of selling consumer data to third parties. The FTC says Avast, a firm that promises to protect consumer data from online tracking, has done the

By Jennifer Korn, CNN (CNN) — Nvidia CEO Jensen Huang’s wealth saw a major boost on Thursday as the company he cofounded in 1993 surged in value. Now ranked by Bloomberg as the 21st richest person in the world, Huang expanded his wealth by as much as $8.5 billion on Thursday alone as his company’s

By Catherine Thorbecke and Clare Duffy, CNN New York (CNN) — Google is pausing its artificial intelligence tool Gemini’s ability to generate images of people after it was blasted on social media for producing historically inaccurate images that largely showed people of color in place of White people. The embarrassing blunder shows how AI tools

By Hanna Ziady, CNN London (CNN) — In 1867, pharmacist Henri Nestlé combined dried cow’s milk with cereals and sugar to create a safe, easily digestible breast-milk substitute. That infant formula was the foundation of what would become the world’s biggest food company. Now, Nestlé is embracing a new “significant demographic opportunity”: the planet’s aging

By Nicole Goodkind, CNN New York (CNN) — US stocks soared to new highs on Thursday after Nvidia, the third largest company on Wall Street, blew past earnings expectations and bolstered investor optimism on Wall Street. The S&P 500 and Dow Jones Industrial Average both notched new record highs and the tech-heavy Nasdaq was within

By Melissa Alonso, CNN (CNN) — The U.S. Labor Department on Wednesday requested that a federal court issue a temporary injunction against Tennessee-based Fayette Janitorial Services after investigators found the company “employed children to clean and sanitize spaces and equipment during overnight shifts” in meat and poultry slaughtering establishments, according to a federal complaint. “Minors were

By Laura He, CNN Hong Kong (CNN) — Japan’s stock market has finally set a new record high for the first time since 1989 when an asset-price bubble popped, ushering in decades of economic stagnation. Strong gains in Japanese semiconductor stocks on the back of Nvidia’s blockbuster earnings report late Wednesday helped push the Nikkei

By Ross Levitt, Pete Muntean and Samantha Delouya, CNN (CNN) — United Airlines said it will resume flights from the United States to Israel beginning in March. United is the first major US airline carrier to resume flights to Israel following the October 7 Hamas terror attack and ensuing war in Gaza. United said there

By Ramishah Maruf, CNN New York (CNN) — The National Labor Relations Board on Wednesday ruled that Home Depot violated the law by firing an employee after he refused to remove “BLM” (which stand for “Black Lives Matter”) messaging from his work apron. In late spring and summer of 2020, the United States was engulfed

By Samantha Murphy Kelly, CNN New York, New York (CNN) — Dynabook Americas, the company formerly known as Toshiba, has recalled 15.5 million Toshiba laptop AC adapters over potential burn and fire hazards. The company said it received 679 reports of the recalled AC adapters overheating or catching on fire, melting and burning, including 43

By Peter Valdes-Dapena, CNN (CNN) — Rivian announced Wednesday that it will lay off 10% of its salaried workers beginning Thursday morning, amid a quarterly loss and an increasingly competitive EV market. “Our business is facing a challenging macroeconomic environment — including historically high interest rates and geopolitical uncertainty — and we need to make

By Clare Duffy, CNN New York (CNN) — Last year was a breakout year for artificial intelligence, and no company benefited from the trend quite like chipmaker Nvidia. Earnings released on Wednesday show Nvidia’s profits grew to nearly $12.3 billion in the three months ended January 28 — up from $1.4 billion in the year-ago quarter,

By Oliver Darcy, CNN New York (CNN) — BuzzFeed on Wednesday sold Complex to NTWRK, an e-commerce company specializing in collectible items rooted in street culture, in a deal that further shrinks the struggling Jonah Peretti-led digital media empire that was once synonymous with virality and the social media age. The $108.6 million sale of much of

By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve officials continued to worry that inflation could stay stubbornly high during their policy meeting last month, minutes released Wednesday showed. That could keep interest rates at 23-year high for longer than previously expected, affecting Americans’ borrowing costs on everything from car loans to mortgages. The

By Chris Isidore and Pete Muntean, CNN New York (CNN) — Boeing removed executive Ed Clark, the head of its 737 Max passenger jet program, after a dramatic – and terrifying – midair blowout in January underscored ongoing problems with the jet. The 737 Max is Boeing’s best selling plane, but has been a source

By Chris Isidore, CNN New York (CNN) — The number of major strikes jumped 43% to 33 in 2023, according to the official Labor Department count released Wednesday, the biggest number of large work stoppages in America in more than 20 years. There were 462,000 workers who were on strike at some point in 2023,