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By Jordan Valinsky, CNN New York (CNN) — Six months into Subway replacing its pre-sliced meats with freshly sliced servings, one of the chain’s largest franchisee groups says that sales are duller than expected. Last year, Subway paid to install $6,000 slicers at the chain’s 20,000 US locations in response to its rivals serving freshly

By Matt Egan, CNN New York (CNN) — A House committee sent a letter to the University of Pennsylvania on Wednesday demanding the school turn over documents related to an investigation into antisemitism on campus. Rep. Virginia Foxx, the Republican chairwoman of the Committee on Education and the Workforce, is requesting that UPenn respond to

By Matt Egan, CNN New York (CNN) — EquiLend, a Wall Street firm that processes trillions of dollars of securities transactions a month, was hit by a cyberattack that has knocked some of its systems offline, the company said Wednesday. The financial technology firm, owned by Goldman Sachs, JPMorgan and other major Wall Street firms,

By Michael Nam, CNN New York (CNN) — Cute video game creatures with guns have become a surprise monster hit. Japanese developer Pocketpair hit an unexpected home run with its game “Palworld,” selling 7 million units in less than a week on the PC Steam service alone, according to the company’s X account, but with

By Anna Cooban, CNN London (CNN) — Royal Mail could ditch its near-daily deliveries of letters as the centuries-old British institution attempts to modernize its service and plug a growing hole in its finances. Ofcom, the UK regulator overseeing the postal service, published proposals to rescue the beleaguered company Wednesday. It said Royal Mail could

By Matt Egan, CNN New York (CNN) — In a major speech set to be delivered Thursday in Chicago, Treasury Secretary Janet Yellen plans to detail her vision for helping middle-class families overcome affordability challenges, according to excerpts shared first with CNN. “Our economic agenda is far from finished. There’s much more the President and

By Anna Cooban, CNN London (CNN) — Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a stake in Tel Aviv’s stock market in what the exchange said Wednesday was a “strong vote of confidence” in Israel’s economy. The couple have agreed to buy a stake of nearly 5% in the Tel

By Laura He, CNN Hong Kong (CNN) — China has vowed to pump more money into the economy and further open its $64 trillion financial industry to international investors, as Beijing scrambles to restore confidence following a massive stock market rout. The promises from top officials come after a sell-off in Chinese stocks intensified this

By Hanna Ziady and Chris Stern, CNN London/Berlin (CNN) — Germany is bracing for widespread disruption to rail services after train drivers embarked on a record six-day strike Wednesday that will wreak havoc on travel plans, strain supply chains and deal a new blow to the sputtering economy. It’s the second time this month that

CNN, NBC, ELIZABETH, POOL, NTSB By Ramishah Maruf, Pete Muntean and Gregory Wallace, CNN New York (CNN) — Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” on Tuesday. It was the CEO’s first interview since a door

By Matt Egan, CNN (CNN) — House Education Committee Chairwoman Rep. Virginia Foxx blasted Harvard University on Tuesday evening for failing to turn over all the documents lawmakers demanded in their antisemitism investigation into the Ivy League school. Foxx, a Republican from North Carolina, described Harvard’s initial production of documents as “woefully inadequate” and warned

By Liam Reilly, CNN (CNN) — TIME, the iconic red-framed magazine, laid off some 15% of its union-represented editorial employees on Tuesday, the newsroom’s union said, becoming the latest major news outlet to slash its reporting staff. A TIME spokesperson told CNN that the outlet had laid off roughly 30 employees across several departments, including editorial, technology, sales and its studios division. Among those laid off Tuesday was

By Ramishah Maruf, Pete Muntean and Gregory Wallace, CNN New York (CNN) — Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” on Tuesday. It was the CEO’s first interview since a door plug on one of its

By Brian Fung, CNN (CNN) — A Texas man is suing Macy’s and the parent company of Sunglass Hut after the two companies allegedly relied on error-prone facial recognition technology to falsely accuse him of armed robbery. After being held in jail for nearly two weeks, Harvey Murphy Jr. was released once prosecutors verified he

By Matt Egan, CNN New York (CNN) — The latest meme stock is one closely associated with the 45th president of the United States. Digital World Acquisition Corp., the blank-check firm that’s been trying for years to merge with Truth Social owner Trump Media & Technology Group, has emerged as a way for investors to

By Clare Duffy, CNN New York (CNN) — Influencer MrBeast said on Monday that he had made more than $250,000 from one video posted to X, in a sign of just how much major internet personalities stand to make from the social platform’s new ad revenue sharing program. “MY FIRST X VIDEO MADE OVER $250,000!”

By Matt Egan and Paul Murphy, CNN New York (CNN) — Israeli hostage posters that were hung up at Harvard University had been vandalized with antisemitic messages just as students returned from winter break. Harvard condemned the vandalization on Tuesday and said university police are investigating the incident. “The University strongly condemns the senseless and

By Liam Reilly, CNN (CNN) — More than 400 staffers at Condé Nast, the parent company of prestigious publications including Vanity Fair, Vogue and GQ, walked off the job Tuesday in a historic 24-hour work stoppage over the company’s plan to lay off staff. The daylong walkout, intentionally timed on the day of the Academy Awards nominations,

By Oliver Darcy, CNN (CNN) — The Los Angeles Times on Tuesday, facing what senior leadership described this week as a “financial crisis,” commenced a round of painful layoffs across the newsroom, a workforce reduction that is set to be one of the most severe in the newspaper’s 142-year history. The cuts will impact at

Dwayne “The Rock” Johnson is trading in his muscle shirts for business suits: He’s joining the board of directors for TKO Group Holdings, the company consisting of the recently merged WWE and UFC.

By Jeanne Sahadi, CNN New York (CNN) — The crisis that has enveloped clothing company Kyte Baby this week might not have happened if the United States had a national paid parental leave policy in place. Company founder and CEO Ying Liu was forced to offer two public apologies after making, in her words, a

By Anna Cooban, CNN London (CNN) — A French regulator has fined the local operator of Amazon’s warehouses €32 million ($35 million) for using an “excessively intrusive” surveillance system to track the activities of its workers. The French Data Protection Authority, or the CNIL, said in a statement Tuesday that Amazon France Logistique gave warehouse

By Jordan Valinsky, CNN New York (CNN) — Police responding to a retail theft call in a California city discovered what is likely the most 2024 thing ever: A Sacramento woman allegedly stole about five dozen Stanley cups valued at a whopping $2,500. Last Wednesday, Roseville Police officers responded to a report of a theft

By Chris Isidore, CNN New York (CNN) — United Airlines, one of the biggest buyers of Boeing jets, is losing patience with the troubled aircraft maker. “I’m disappointed that… this keeps happening at Boeing. This isn’t new,” said Scott Kirby, CEO of United, in an interview Tuesday on CNBC. “We need Boeing to succeed. But

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. The Los Angeles Times is in disarray. The Dr. Patrick Soon-Shiong-owned newspaper, which houses the largest newsroom in the western U.S., has

By Alicia Wallace and Tami Luhby, CNN New York (CNN) — New Hampshire, the “first-in-the-nation” primary state (which will hold those elections Tuesday), has been a relatively “better-off” state than most others nationally. Unemployment is low, economic growth is strong, but that doesn’t mean life in the Granite State is without its bumps. Here’s a

By Melissa Alonzo (CNN) — Faculty members at California State University (CSU), the largest public university system in America, have ended their one-day strike after reaching a tentative agreement with management. The agreement, which must be ratified by the California Faculty Association (CFA), includes a 5% raise for all faculty effective July 1, 2023 and another

By Michelle Toh, CNN Hong Kong (CNN) — Riot Games, the developer of hit video games like “League of Legends” and “Valorant,” is cutting 11% of staff around the world, becoming the latest tech company to downsize. The Los Angeles-based company, which is owned by Chinese tech giant Tencent, announced the news Monday, calling the

By Jessie Yeung and Hilary Whiteman, CNN Brisbane, Australia (CNN) — Australia has publicly named and imposed cyber sanctions on a Russian national for his alleged role in a 2022 ransomware attack, in the country’s first use of the penalty. The attack stole sensitive personal data from 9.7 million customers of Medibank, one of Australia’s

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive advertising and banned the company from advertising its services for free unless it is free for all customers. By running ads for “free” tax services

By Matt Egan, CNN (CNN) — The Dana-Farber Cancer Institute, a prestigious Harvard teaching school, is moving to retract six studies and correct 31 others following allegations of data manipulation. The steps by the Harvard Medical School affiliate come after a molecular biologist published a blog post earlier this month alleging researchers falsified data by manipulating images.

By Brian Fung, CNN Washington (CNN) — Social media companies should be treated as utilities such as telephone or telegraph companies, a group of states led by Republican attorneys general told the US Supreme Court on Monday. In a friend-of-the-court brief, 19 states and the state legislature of Arizona wrote that the Supreme Court should

By Elisabeth Buchwald, CNN New York (CNN) — If the economy were to undergo an annual physical, Richmond Federal Reserve President Tom Barkin would rate it “reasonably healthy.” That’s because, undeterred by the highest interest rates in 23 years, consumers are still spending and jobs are plentiful, though the pace of both hiring and spending

By Samantha Delouya, CNN Los Angeles (CNN) — Thousands of faculty members at California State University, the largest university system in the US, walked off the job on Monday, the first day of spring semester classes for much for the university system’s 450,000 students. The striking staff are part of the California Faculty Association union,

CNN By Gregory Wallace and Hanna Ziady, CNN (CNN) — The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an Alaska Airlines flight earlier this month. The FAA on Sunday

By Issy Ronald, CNN (CNN) — H&M has apologized for and removed a school uniform advertisement in Australia after users on social media complained that it sexualized children. “We have removed this ad,” the Swedish fashion giant told CNN. “We are deeply sorry for the offense this has caused and we are looking into how

By Matt Egan, CNN New York (CNN) — Famed economist Larry Summers slammed Harvard’s top leaders on Sunday over concerns about how the Ivy League school is fighting antisemitism. Summers, a former president of Harvard, strongly criticized the selection of Harvard professor Derek Penslar as the co-chair of a newly-formed presidential task force on antisemitism. “I have

By Clare Duffy, CNN New York (CNN) — Elon Musk — who was widely criticized for an antisemitic post on his social media site, X, two months ago — said following a visit to Auschwitz Monday that X has less antisemitic content than other social media platforms. But Musk conceded that he wasn’t aware until

CNN By Jeanne Sahadi, CNN New York (CNN) — The crisis that has enveloped clothing company Kyte Baby this week might not have happened if the United States had a national paid parental leave policy in place. Company founder and CEO Ying Liu was forced to offer two public apologies after making, in her words,

By Michelle Toh, CNN Hong Kong (CNN) — French gambling giant La Française des Jeux (FDJ) has offered to acquire online betting firm Kindred for 27.95 billion Swedish kronor (about $2.67 billion). Both parties confirmed the widely anticipated news on Monday, with FDJ saying it hoped to “create a European gaming champion” and become the

By Diksha Madhok, CNN New Delhi (CNN) — A dramatic acquisition saga in one of the world’s fastest growing media industries is headed for a bitter ending. Sony Group (SONY) has called off the merger between its India unit and Mumbai-based Zee Entertainment, the Japanese company said on Monday. The deal was announced two years

By Gregory Wallace and Hanna Ziady, CNN (CNN) — The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an Alaska Airlines flight earlier this month. The FAA on Sunday said

By Laura He, CNN Hong Kong (CNN) — Russia surpassed Saudi Arabia to become China’s largest oil supplier in 2023, according to the latest Chinese customs data. The world’s largest crude buyer imported a record amount of bargain-priced Russian oil last year, taking advantage of Moscow’s desperate search for new buyers amid Western sanctions following

By Eva Rothenberg, CNN New York (CNN) — The CEO of Texas-based baby clothing company Kyte Baby has issued two apologies after denying a remote work request by an employee whose baby was admitted into a neonatal intensive care unit. In late December, Kyte Baby worker Marissa Hughes and her partner adopted a baby boy

Elizabeth Wagmeister Los Angeles (CNN) — After a year in which both actors and writers hit the picket lines, another Hollywood strike may be on the horizon. The American Federation of Musicians (AFM), a union representing musicians across the entertainment industry, will begin negotiations Monday on a new contract with the Alliance of Motion Picture

By Matt Egan, CNN New York (CNN) — Harvard University submitted a trove of documents on Friday to House lawmakers investigating the plagiarism scandal surrounding former President Claudine Gay. The documents represent the most detailed glimpse yet into Harvard’s review of the plagiarism allegations surrounding Gay, who stepped down earlier this month amid a firestorm

By Catherine Thorbecke, CNN (CNN) — A Russian hacking group gained access to some email accounts of Microsoft senior leaders, the software giant disclosed in a regulatory filing Friday afternoon. “The Microsoft security team detected a nation-state attack on our corporate systems on January 12, 2024, and immediately activated our response process to investigate, disrupt

By Ramishah Maruf, CNN New York (CNN) — Applebee’s will offer a subscription date night pass for $200, beginning on Monday. The pass will cover roughly a year of weekly date nights, according to the company. Starting February 1 — about two weeks before Valentine’s Day — and ending on January 31, 2025, the pass

By Chris Isidore, CNN New York (CNN) — JetBlue Airways and Spirit Airlines filed an appeal late Friday of the federal court ruling from earlier this week that had blocked their proposed merger on antitrust grounds. The two-page appeal filed after the market close on Friday did not lay out any legal argument for the

By Ramishah Maruf, CNN New York (CNN) — The future of Sports Illustrated was uncertain Friday after the publisher of the iconic magazine and website laid off most or “probably all” of its guild-represented staff, its union said. In a memo sent to staff viewed by CNN, the magazine’s publisher said it is “laying off

By Peter Valdes-Dapena and Chris Isidore, CNN (CNN) — Ford will shut down one of two production shifts in April at the Dearborn, Michigan, factory that builds the F-150 Lightning electric pickup. The move is part of “matching F-150 Lightning production to customer demand,” the company said Friday. General Motors recently made a similar announcement

By Brian Fung, CNN (CNN) — The US government is coming down hard on a data broker accused of selling consumers’ detailed location histories without their consent, highlighting privacy regulators’ growing focus on a sensitive and revealing form of personal information. For the first time ever, the Federal Trade Commission said Thursday it was banning

By Anna Cooban, CNN London (CNN) — Germany’s finance minister has shrugged off suggestions his country has once again become the “sick man” of Europe. It’s just a little tired and in need of a “cup of coffee,” he said Friday. Long the engine of growth in Europe, Germany’s economy shrank last year by 0.3%,

By Clare Duffy, CNN New York (CNN) — An Apple executive in 2020 alerted Meta that their 12-year-old child had been “solicited” on Facebook, according to a newly unredacted version of the complaint in a lawsuit against Meta brought by New Mexico’s Attorney General in December. The lawsuit accuses Meta of creating a “breeding ground”

CNN By Allison Morrow, CNN Lansdale, Pennsylvania (CNN) — Rachael Gambino and Garrett Mazzeo planned their financial life by the book: They went to college, paid down debt, saved aggressively, got married, bought a house, started a family. The dream. But sitting at the kitchen table of their suburban Pennsylvania home — an asset they feel both

By Allison Morrow, CNN Lansdale, Pennsylvania (CNN) — Rachael Gambino and Garrett Mazzeo planned their financial life by the book: They went to college, paid down debt, saved aggressively, got married, bought a house, started a family. The dream. But sitting at the kitchen table of their suburban Pennsylvania home — an asset they feel both lucky

By Matt Egan, CNN (CNN) — Even Eminem might cringe at how much it costs to witness the Lions make their Cinderella run for the Super Bowl. Playoff tickets are fetching an average of $1,097 for the Lions home game against the Tampa Bay Buccaneers on Sunday in Detroit, easily the most expensive Divisional playoff

By Michelle Toh, CNN Hong Kong (CNN) — TSMC says its second factory in Arizona will be delayed, marking another setback for the world’s largest chipmaker and its role in US President Joe Biden’s bid to boost American manufacturing. The facility will now be operational in 2027 or 2028, compared to previous expectations of a

By Oliver Darcy, CNN (CNN) — Staffers at the Los Angeles Times will stage a one-day walkout on Friday after the newspaper’s management indicated that it expects to soon lay off employees as it struggles financially. The act of protest will be the first such work stoppage in the outlet’s 143-year history, said the Guild,

By Oliver Darcy, CNN (CNN) — Casey Newton won’t compromise on Nazis. In a world in which it can be difficult to read the moral compass of some legacy news organizations, the renowned technology journalist and founder of the independent digital news outlet Platformer has taken decisive action to ensure his media company lives up to its own stated

By Bryan Mena, CNN Washington, DC (CNN) — Americans are living through one of the toughest housing markets in recent memory. It’s even tougher for young people who need to save up for a down payment, build up their credit score and jump through various other hoops before owning a home. Home prices are rising

By Parija Kavilanz, CNN New York (CNN) — Walmarts are huge. Thousands of square feet, thousands of products, thousands of shoppers. Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year. Walmart said Thursday it is boosting

By Nathaniel Meyersohn, CNN New York (CNN) — Veteran department-store chain Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business for the online-shopping era. “As we prepare to deploy a new strategy to meet the needs of an

By Samantha Murphy Kelly, CNN (CNN) — Meta is getting more serious about securing its place in the growing AI arms race. CEO Mark Zuckerberg announced on Thursday that Meta plans to build its own artificial general intelligence, known as AGI, which is artificial intelligence that meets or surpasses human intelligence in almost all areas.

By Ramishah Maruf, CNN New York (CNN) — What started as an April Fool’s Day joke ended up as a real-life product popular enough to sell out in a day. On Wednesday, Burt’s Bees and Hidden Valley Ranch announced an unusual collaboration — a set of lip balms that taste like a basket of chicken

CNN, WBNS, NISSAN, GENERAL MOTORS, RECURRENT AUTO By Peter Valdes-Dapena, CNN (CNN) — Hertz recently announced it was selling 20,000 electric cars out of its fleet, and replacing them with gasoline vehicles. One reason the company gave was that drivers kept crashing the cars. Hertz CEO Stephen Scherr noted that the costs of repairs of

By Parija Kavilanz, CNN New York (CNN) — Birkenstock sandals might be as pricey as ever, and the folksy footwear are as popular with shoppers as ever, too. But despite all that, the company says it still expects smaller profits in the next year. The German shoemaker, which became a publicly-traded company in October, reported

By Brian Fung, CNN (CNN) — Google CEO Sundar Pichai warned employees to expect additional layoffs in the months to come as the tech giant reorients itself toward artificial intelligence “and beyond.” In a companywide memo obtained by CNN, Pichai said Wednesday that the job cuts — which have already affected hundreds of Google employees in the

By Anna Bahney, CNN Washington, DC (CNN) — After moving higher the past two weeks, mortgage rates fell this week, dropping to the their lowest level since May 2023. The 30-year fixed-rate mortgage averaged 6.60% in the week ending January 18, down from 6.66% the previous week, according to data from Freddie Mac released Thursday. A year

By Chris Isidore, CNN New York (CNN) — Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed sale to JetBlue Airways, according to a note from an airline analyst. Unlike many airline bankruptcies, in which the airline in bankruptcy court either

By Jordan Valinsky, CNN New York (CNN) — Coca Cola-owned BodyArmor is unleashing its newest beverage as part of its years-long effort to overthrow Pepsi’s Gatorade from its position as the top-selling sports drink brand. Rolling out to retailers this month is BodyArmor Zero Sugar, a sugar-free version of its popular flavored sports drink, taking

By Jordan Valinsky, CNN New York (CNN) — 3M has started sending payments as part of its previously announced $6 billion settlement to resolve almost 300,000 lawsuits alleging that the manufacturing company supplied faulty combat earplugs to the military that resulted in significant injuries, such as hearing loss. Earlier this week, the company announced that

By Hanna Ziady, CNN London (CNN) — Human beings will continue to decide “what should happen in the world” regardless of the rise of artificial intelligence, OpenAI’s Sam Altmann said Thursday at the World Economic Forum in Switzerland. The CEO of the company behind ChatGPT said AI was “good at some things but not good

By Pete Muntean, CNN (CNN) — Boeing says its CEO told workers of Spirit AeroSystems — its subcontractor that builds the 737 Max 9 fuselage — that “we’re going to learn from” this month’s blowout on Alaska Airlines flight 1282. Boeing says CEO Dave Calhoun addressed 200 Spirit AeroSystems employees as part of a town

By Diksha Madhok, CNN New Delhi (CNN) — Boeing is getting some respite from what has been a month of terrible news. India’s newest airline is purchasing 150 Boeing 737 Max aircraft, in the first major order the troubled planemaker has announced since the dramatic Alaska Airlines incident in which part of the fuselage of a