Money

By Liam Reilly and Oliver Darcy, CNN (CNN) — Paramount Global, the owner of broadcast and cable TV networks, announced Tuesday it will lay off hundreds of staffers as the media giant looks to reduce costs and grow revenue. The news comes just days after its CBS network saw record-breaking advertising sales and the highest-rated telecast for the

By Elisabeth Buchwald, CNN New York (CNN) — If you’ve opted to cook a romantic meal at home with your partner this Valentine’s Day — no matter how it comes out — know that you’re saving a decent amount of money compared to couples dining out. Even excluding pricey Valentine’s Day menus, it’s becoming increasingly

By Jordan Valinsky, CNN New York (CNN) — For the first time in Major League Baseball history, a woman will be the primary play-by-play voice of a major team. NBC Sports California said Tuesday it has chosen Jenny Cavnar, a broadcasting veteran with nearly two decades of baseball experience, for the prestigious role. She will

By Chris Isidore, CNN New York (CNN) — Boeing, hit by quality concerns following the incident with a door plug blowout on an Alaska Airlines flight early last month, reported that January was its worst month for new airplane orders since the height of the pandemic. The company announced Tuesday that it booked orders for

By Brian Fung, CNN Washington (CNN) — A federal judge has temporarily blocked an Ohio law seeking to regulate kids’ access to social media platforms, saying that the law is likely unconstitutional. Monday’s order by District Judge Algenon Marbley reiterates what Marbley said last month when he issued an emergency order halting the Ohio law from going

By Chris Isidore, CNN New York (CNN) — JetBlue’s stock soared more than 14% in premarket trading Tuesday after financier Carl Icahn disclosed late Monday that he had taken a 9.9% stake in the company. Icahn paid an average of $3.56 a share for his 33.6 million shares of the stock, according to the filing.

By Alicia Wallace, CNN New York (CNN) — Price hikes eased off less than expected in January, but still offered a hint of relief for Americans who have suffered through some of the steepest price hikes in four decades. The first measure of inflation for 2024, the Consumer Price Index, showed that prices rose by

By Anna Cooban, CNN London (CNN) — Thousands of drivers for ride hailing services and food delivery riders in the United States and United Kingdom are due to strike on Valentine’s Day in disputes over pay and working conditions. In America, campaign group Justice for App Workers said in a blog post last week that

By Samantha Delouya, CNN Los Angeles (CNN) — Tiger Woods has found a new look after splitting up with Nike, his longtime partner, last month. On Monday, Woods announced that he would be partnering with Taylormade to launch a new apparel brand — Sun Day Red. The announcement was made at a press conference in

By Matt Egan, CNN New York (CNN) — A congressional committee probing campus antisemitism is expanding its investigation to include Columbia University and demanding the Ivy League school turn over a trove of documents to lawmakers. In a 16-page letter delivered to Columbia leaders Monday afternoon, Rep. Virginia Foxx, the Republican chairwoman of the House

Consumers bought fewer toys in all of 2023, including during the key Christmas toy-buying period, showing that households continue to pare back on discretionary products.

By Eva Rothenberg, CNN New York (CNN) — Bob Edwards, the longtime National Public Radio host and a goliath of the broadcasting world, died on Saturday, his wife, NPR reporter Windsor Johnston, confirmed in a Facebook post. He was 76. “Bob Edwards understood the intimate and distinctly personal connection with audiences that distinguishes audio journalism

By Eva Rothenberg, CNN New York (CNN) — Joe Biden doesn’t want corporate greed to eat into your Super Bowl snack spread. In a video posted Sunday to X, formerly known as Twitter, the president called on companies to put a stop to “shrinkflation.” “When buying snacks for the game, you might have noticed one

By Eva Rothenberg, CNN New York (CNN) — Tech entrepreneur Dan O’Dowd, a fierce critic of Tesla, isn’t pumping the brakes on his campaign against the automaker’s self-driving software. O’Dowd’s “The Dawn Project,” which says it wants to make software systems safer for humanity, is airing two ads during the Super Bowl calling on consumers

By Chris Isidore, CNN New York (CNN) — Twenty-one years ago, the National Football League would not allow Super Bowl ads from the Las Vegas Convention and Visitors Authority because it didn’t want even a whiff of gambling associated with the sport. On Sunday, the NFL will hold its first Super Bowl in Las Vegas,

By Alicia Wallace, CNN (CNN) — When Super Bowl Sunday rolls around each year — whether it’s in Miami, New Orleans, Los Angeles or Minneapolis — Las Vegas still draws the crowds. Football fans make a long weekend out of the event, they see some shows, eat some food, place some bets, lose some bets,

CNN By David Goldman and Paradise Afshar, CNN (CNN) — A jury has awarded climate scientist Michael Mann more than $1 million in a defamation lawsuit he brought against a former scholar and a media personality who lampooned Mann’s work. The legal battle has been ongoing for more than a decade. Mann initially filed a

By Samantha Delouya, CNN (CNN) — Israel’s prolonged war with Hamas is going to become a significant economic and political burden for the country over the long haul, Moody’s said Friday. So the agency downgraded Israel’s credit rating. Moody’s Investors Service downgraded Israel’s debt rating from A1 to A2 on Friday, underscoring the economic damage

By Catherine Thorbecke, CNN New York (CNN) — Hillary Clinton, Sheryl Sandberg and a coalition of scholars, government officials and legal experts discussed Friday how to prevent sexual violence as a weapon of war. “We have seen an epidemic, an alarming epidemic of gender-based violence as a weapon of war,” Clinton said during her opening

By Oliver Darcy, CNN (CNN) — Noah Shachtman, the hard-charging editor with a knack for scrutinizing the rich and powerful, announced Friday that he is resigning from his post as editor-in-chief of Rolling Stone, following discussions with the iconic music and culture magazine’s top boss about the publication’s direction. Shachtman, who will formally step down on March 1, said in a statement that he

By David Goldman and Paradise Afshar, CNN (CNN) — A jury has awarded climate scientist Michael Mann more than $1 million in a defamation lawsuit he brought against a former scholar and a media personality who lampooned Mann’s work. The legal battle has been ongoing for more than a decade. Mann initially filed a lawsuit

By Peter Valdes-Dapena, CNN (CNN) — Ford says it has a top-secret, high-powered team working to design its future electric vehicles. It’s part of a quest to compete profitably against Tesla and lower cost EV makers from China. People in the market for an electric luxury vehicle can find plenty of options to choose from.

By Clare Duffy, CNN New York (CNN) — A former TikTok senior executive is suing the company alleging that she experienced discrimination based on her age and gender during her three years working for the company. Katie Puris, who worked in marketing at TikTok starting in 2019, says she faced uneven expectations as a woman,

By Rosa Rahimi, CNN (CNN) — Meta has removed the Facebook and Instagram accounts of Iran’s Supreme Leader, Ayatollah Ali Khamenei. Khamenei’s Facebook and Instagram accounts are no longer available. According to Meta, the accounts have been disabled, which means they are permanently removed. “We have removed these accounts for repeatedly violating our Dangerous Organizations

By Rob Picheta, Caitlin Danaher and Max Foster, CNN London (CNN) — Prince Harry will receive a “substantial” payout after settling the remaining parts of his phone-hacking case against the publisher Mirror Group Newspapers (MGN), his lawyer told the High Court in London Friday, according to the UK’s PA Media news agency. Lawyer David Sherborne

By Chris Liakos and Mylene Loubiere-Anderson, CNN Paris/Hong Kong (CNN) — The French offices of Chinese tech giant Huawei were searched this week, the company confirmed Friday, saying it was fully cooperating with the authorities. A French judicial source told CNN Thursday that the raid had been carried out as part of a preliminary probe

By Matt Egan, CNN New York (CNN) — US business leaders are feeling more bullish about the direction of the economy — even as their worries about the upcoming presidential election mount. For the first time in two years, optimism outweighs pessimism among CEOs, according to a CEO confidence measure for the first quarter released

By Nathaniel Meyersohn, CNN New York (CNN) — Professional sports teams are becoming real estate empires, building luxury apartments and shopping malls. For decades, major league teams depended on ticket sales, concessions and TV deals to generate revenue. But team owners in recent years have turned to real estate development to bring in extra cash

By Alicia Wallace, CNN New York (CNN) — High commercial real estate vacancies are expected to create some stress for smaller banks, Treasury Secretary Janet Yellen said Thursday. However, she said she does not see them as causing a systemic risk to the nation’s financial system. Appearing on the Hill as part of annual testimony

By Juliana Liu, CNN Hong Kong (CNN) — Shares in Alibaba sank as much as 7% in Hong Kong on Thursday, after the Chinese tech giant reported disappointing sales figures and announced it would suspend listings plans for two of its units. Chairman Joseph Tsai said during an earnings call that “given the challenging market

By Laura He, CNN Hong Kong (CNN) — China’s consumer prices slid deeper into deflationary territory last month, suffering their biggest drop since the height of the global financial crisis in 2009 and underscoring the huge challenges facing the economy. The country’s Consumer Price Index (CPI) dropped by 0.8% in January from a year ago,

By Matt Egan, CNN (CNN) — The University of Pennsylvania submitted documents Wednesday evening to the Congressional committee investigating antisemitism on campus, beginning what could be a weekslong process of turning over documents. Nick Barley, a spokesperson for the House Committee on Education and the Workforce, confirmed to CNN the committee received documents from UPenn and

CNN By Allison Morrow, CNN New York (CNN) — Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle. At McDonald’s, which has repeatedly boasted about its ability to raise menu prices without denting sales, executives are finally acknowledging that customers need

By Jon Passantino, CNN (CNN) — Fox News host Sean Hannity on Tuesday night was interviewing the founder of a New York City-based vigilante group known for its targeting of migrants when a disturbance suddenly broke out behind the live shot. As the camera panned around at Times Square, a group of men in red

By Samantha Delouya, CNN (CNN) — Disney has had a rough time even after CEO Bob Iger returned from a brief retirement. But the media veteran said on Wednesday that Disney is finally on the path toward success again. The company surprised investors by announcing it would grow earnings per share by a whopping 20%

By Matt Egan, CNN (CNN) — Turn over a trove of documents about antisemitism on campus or face a subpoena. That’s the final warning Rep. Virginia Foxx, the Republican chairwoman of the House Education and Workforce Committee, delivered to Harvard University on Wednesday as the panel seeks to advance its investigation into antisemitism on college

By Parija Kavilanz, CNN New York (CNN) — State regulators hit CVS with a $250,000 fine against one of its stores in Canton, Ohio, after investigators found that the pharmacy had been understaffed, posing a risk to the well-being of patients seeking medication in a timely manner. The move from the State of Ohio Board of

By Elisabeth Buchwald, CNN New York (CNN) — For the past two decades, the United States imported more goods from China than all other nations. That’s no longer the case. Mexico is now the top exporter of goods into the US, according to new trade data released by the Commerce Department on Wednesday. Mexico sent

Taco Bell, KFC and Pizza Hut’s parent company is facing the same problem as its rivals: Fast food is getting too expensive and consumers are pushing back.

By Hanna Ziady, CNN London (CNN) — Deutsche Pfandbriefbank, or PBB, a German lender focused on real estate, has set aside more money for bad debts as it braces for what it says is the worst decline in commercial property values in 15 years. PBB increased its provisions for losses on loans in the fourth

By Nicole Goodkind and Elisabeth Buchwald, CNN New York (CNN) — Troubled regional lender New York Community Bancorp attempted to reassure investors Wednesday that it has enough cash to stay afloat after the stock shed about 60% of its value over the past eight days and Moody’s Investors Service downgraded the bank’s credit grade to

By Chris Isidore, CNN New York (CNN) — Jennifer Homendy, chair of the National Transportation Safety Board, says that the problem that resulted in a door plug blowing out of a Boeing 737 Max 9 jet minutes into a January 5 flight could happen again. “Of course, something like this can happen again,” she told

CNN, NTSB, FAA By Chris Isidore, CNN New York (CNN) — Jennifer Homendy, chair of the National Transportation Safety Board, says that the problem that resulted in a door plug blowing out of a Boeing 737 Max 9 jet minutes into a January 5 flight could happen again. “Of course, something like this can happen

By Laura He and Wayne Chang, CNN Hong Kong (CNN) — China has replaced the head of its securities regulator, as public anger over the meltdown in the stock market grows. Wu Qing, a banking veteran and most recently the deputy party secretary of Shanghai, was named as chairman and party secretary of the China

By Marshall Cohen, CNN (CNN) — The president of the far-right cable network One America News solicited additional information from an anonymous tipster who provided “stolen” passwords of Smartmatic employees after the 2020 election, according to emails recently disclosed in court and new allegations from the voting technology company. The revelation builds on CNN’s previous reporting that OAN President Charles Herring forwarded the purported Smartmatic

By Laura He, CNN Hong Kong (CNN) — China is promising to help its electric vehicle (EV) makers cope with international trade restrictions and build overseas supply chains, as part of a major global expansion effort for the industry. The pledge comes as China’s booming EV exports face increasing protectionist pushback in some regions, including

By Diksha Madhok, CNN New Delhi (CNN) — Chip giant Taiwan Semiconductor Manufacturing Company (TSMC) is upping its output in Japan as it continues to expand its global presence. The world’s largest chipmaker will build a second semiconductor fabrication plant, or fab, in the country in “response to rising customer demand,” TSMC said in a

By Elisabeth Buchwald, CNN New York (CNN) — Some of the very first signs of banking stress in the crisis that unfolded last year were reflected in Silicon Valley Bank, Signature Bank and First Republic Bank’s nosediving share prices. All of them eventually failed. So it’s no wonder why more people are questioning whether New

By Matt Egan, CNN (CNN) — Embattled regional bank New York Community Bancorp suffered another blow Tuesday evening as Moody’s Investors Service downgraded its credit rating to junk status. Moody’s said the downgrade was driven by concerns about “challenges” facing New York Community Bancorp after the lender shocked Wall Street last week by revealing a surprise

By Matt Egan, CNN (CNN) — The University of Pennsylvania plans to start a weekslong process of turning over documents to Congress on Wednesday in response to a House committee antisemitism investigation, a university spokesperson told CNN. However, the Ivy League school is signaling it won’t necessarily turn over all of the many documents the

By Rene Marsh and Matt Egan, CNN (CNN) — The Department of Education on Tuesday announced a new investigation into Harvard University’s handling of alleged discrimination on its campus after a federal civil rights complaint was filed late last month against Harvard on behalf of Muslim and Palestinian students. The students said in the complaint

By Clare Duffy, CNN New York (CNN) — Shares of Snapchat parent Snap plunged on Tuesday after the company reported a loss in the final three months of 2023. Snap reported a net loss of $248 million for the December quarter, an improvement from the same period in the prior year and a narrower loss

CNN By Chris Isidore, CNN New York (CNN) — There was a huge bang. A massive hole opened up in the side of the plane, minutes into a flight. Wind and noise filled the cabin, clothes and phones were ripped from passengers and hurled into the void. The metal of airplane seats twisted towards the

By Jordan Valinsky and Alexandra Peers, CNN New York (CNN) — Women watch the Super Bowl, too, right? And this year a slew of advertisers is expecting it. Health and beauty companies, some for the first time, are joining the scrum of beverage, technology and auto brands that have long been a staple of the

By Anna Bahney, CNN Washington, DC (CNN) — The storms pummeling California this week hit a part of the US already being battered by a home insurance crisis. Insurance costs in much of California have become exceedingly high, with some insurers abandoning the market, unwilling to take on the risk presented by the frequency and