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By Brian Fung, CNN Washington (CNN) — Businesses could face steep penalties for using deepfakes or other artificial intelligence tools to illegally manipulate markets or to engage in securities fraud, under new legislation proposed Tuesday by a bipartisan pair of senators. The bill by Virginia Democratic Sen. Mark Warner and Louisiana Republican Sen. John Kennedy represents a

CNN By Tori Morales, CNN (CNN) — Next to those stockings hung by the chimney with care, it appears more likely than ever that the trimmed tree will be, well, faux. The holiday tradition of setting up a Christmas tree has endured centuries. But this year, 77% of Americans displaying a Christmas tree say they’ll opt

By Clare Duffy, CNN New York (CNN) — Facebook-parent Meta’s automated tools to police potentially harmful content unnecessarily removed two videos related to the Israel-Hamas war, the Meta Oversight Board said in a statement Tuesday. The moderation technology may have prevented users from viewing content related to human suffering on both sides of the conflict,

By Elisabeth Buchwald and David Goldman, CNN New York (CNN) — For the past couple years, all the smart money was on a US recession taking place sometime before the next presidential election. To be clear: That absolutely could still happen. In the world of economics, nothing is certain. But it’s looking extremely unlikely that

By Brian Fung, CNN Washington, D.C. (CNN) — When you fire up an artificial intelligence chatbot like Google’s Bard or OpenAI’s ChatGPT, you’re really interacting with the product of three or four key ingredients. One is the engineering talent it took to design the chatbot’s AI model. Another is the vast amount of training data

By Juliana Liu, CNN Hong Kong (CNN) — Chinese electric vehicle (EV) maker Nio has secured $2.2 billion in investment from CYVN Holdings of Abu Dhabi, giving the Tesla challenger a longer financial runway as it seeks to make inroads in an increasingly competitive market. The deal, which follows a previous $1 billion investment from

By Jennifer Korn, CNN (CNN) — Autonomous vehicle startup May Mobility announced its first fully driverless ride service Monday, offering human-free transit to those living in an Arizona retirement community. Retirees in Sun City, Arizona, are the first to test the Toyota-backed company’s autonomous cars without a human safety operator in the driver’s seat, the

By Chris Isidore, CNN New York (CNN) — The days may be numbered for an independent, American-owned, US Steel, a one-time backbone of the nation’s economy. US Steel was once the most valuable company in the world. Monday, it agreed to be purchased for $14.1 billion, or $55 a share, by Nippon Steel, Japan’s largest

By Rene Marsh, Casey Tolan and Audrey Ash, CNN (CNN) — The largest credit union in the US is facing new scrutiny over racial disparities in its mortgage lending following a CNN investigative report, with a class-action lawsuit filed Monday alleging the lender discriminated against Black and Latino applicants, and a senior congressional Democrat demanding answers

By Oliver Darcy, CNN New York (CNN) — Puck is stepping into the sports arena. The buzzy digital subscription publication that offers readers an inside look into the media, technology, and politics sectors — and the ego-obsessed titans who lead them — told CNN on Monday it had hired veteran journalist John Ourand to lead a

By Eva Rothenberg, CNN New York (CNN) — Nikola founder Trevor Milton was sentenced Monday to four years in prison for lying to investors about the company’s hydrogen and electric truck technology. The sentence is significantly lower than the 11-year sentence federal prosecutors were seeking. Milton was facing up to 60 years behind bars if

By Matt Egan, CNN New York (CNN) — The rail industry is demanding the Biden administration immediately allow trains to cross the southern border with Mexico that officials shut in response to a surge in crossings by migrants. The Association of American Railroads, an industry trade group, issued a statement on Monday warning the suspension of

By Allison Morrow, CNN New York (CNN) — The crypto industry, ready to turn the page on 2023 and all the Sam Bankman-Fried-related drama that came with it, has been funneling tens of millions of dollars into a political war chest to help prop up pro-crypto candidates. On Monday, a network of political action committees

By Brian Fung, CNN (CNN) — The European Union has opened a formal investigation into X over its content moderation practices, a probe that could eventually lead to steep fines or other penalties under a new EU law. The European Commission’s wide-ranging review of the company formerly known as Twitter targets everything from its handling

By Jordan Valinsky, CNN New York (CNN) — A cyberattack last week at VF Corp., which owns a number of clothing brands including the North Face, Vans and Timberland, is hampering its ability to fulfill orders ahead of Christmas. The company had said it “detected unauthorized occurrences” on its information technology systems, which disrupted its

By Hanna Ziady, CNN London (CNN) — Oil and natural gas prices rose sharply Monday after BP (BP) said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants from Yemen. The decision by one of the world’s biggest oil companies follows similar moves by major

By Chris Isidore, CNN New York (CNN) — US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest step in a gradual decline for the iconic 122-year old company, which was once the largest company on the planet. It was one of

By Peter Valdes-Dapena, CNN (CNN) — Certainly, Young Liu has heard the auto industry cliche that modern vehicles are “iPhones on wheels.” Cars and SUVs are packed with computer chips, sophisticated sensors, touchscreens and data connections. Liu knows a lot about iPhones. As a manufacturer for Apple, the company he runs as CEO, Hon Hai

By Pete Muntean and Chris Isidore, CNN Washington (CNN) — The federal government is fining Southwest Airlines $140 million for last year’s historic, 10-day-long holiday meltdown that stranded more than 2 million travelers. The Department of Transportation’s announcement of its largest-ever civil penalty comes about one year after cascading issues at Southwest led to the

By Nicole Goodkind, CNN New York (CNN) — Shares of ride-hailing app Uber reached a new 52-week high last week as the San Francisco-based firm prepares to make its S&P 500 debut in Monday trading. “Super proud of the Uber team for S&P 500 inclusion,” wrote CEO Dara Khosrowshahi on X. “Great way to head into

By Chris Isidore and Jordan Valinsky, CNN New York (CNN) — About 5,000 Teamsters working at Anheuser-Busch voted overwhelmingly to authorize a strike if a new contract cannot be reached before the current one expires on February 29. The union members, who work at 12 US breweries, represent more than a quarter of Anheuser-Busch’s US

By Sarah Engel, CNN (CNN) — Christmas came early for 21 Kentucky coworkers whose boss bought them lottery scratch-off tickets as a last-minute holiday gift. ‘Tis the season for giving, right? So Sheila Colter, a shift supervisor at the Medical Center at Bowling Green, had ordered gifts for her coworkers online before their office Christmas

By Nicole Goodkind, CNN New York (CNN) — It’s every pharmacist’s worst fear: To come home from a busy day at work and realize that they failed to consult with a patient about a potentially dangerous interaction, or filled a prescription incorrectly. Workers at chain pharmacies across the US have told CNN that increased demand

By Nathaniel Meyersohn, CNN New York (CNN) — You can’t get here from there. That’s the increasing problem facing around 60 million people who depend on intercity buses. Intercity bus lines like Greyhound, Trailways and Megabus, an overlooked but essential part of America’s transportation system, carry twice the number of people who take Amtrak every

By Eva Rothenberg, CNN New York (CNN) — Quaker Oats on Friday recalled more than 40 granola bar and cereal products because they could be contaminated with salmonella. The affected foods include the classic Chewy granola bar variety pack, the chocolate-covered Chewy Dipps bars, puffed and protein cereals, and even granola bars that are included

CNN By Clare Duffy, CNN New York (CNN) — When TikTok took off in 2020 — with short dancing or comedy clips providing much-needed entertainment to many users at the start of the Covid-19 pandemic — it launched a short-form video arms race. Suddenly, Facebook, Instagram, YouTube and other social platforms were rushing to roll

By Clare Duffy, CNN New York (CNN) — When TikTok took off in 2020 — with short dancing or comedy clips providing much-needed entertainment to many users at the start of the Covid-19 pandemic — it launched a short-form video arms race. Suddenly, Facebook, Instagram, YouTube and other social platforms were rushing to roll out

By Eva Rothenberg, CNN New York (CNN) — In the past two and half months, Harvard University President Claudine Gay has faced an onslaught of backlash from donors, politicians and business leaders over concerns of antisemitism at the nation’s oldest higher education institution. Barely three months after her historic inauguration as Harvard’s first Black woman

By Chris Isidore, CNN New York (CNN) — Of all the bargaining goals set out by the United Auto Workers union in the just completed talks, none was more ambitious, or gained less traction in negotiations, than the idea of a four-day, 32-hour work week. Without a cut in pay, too. That didn’t happen, at

By Sabrina Souza and Matt Egan, CNN (CNN) — Harvard President Claudine Gay submitted corrections to two scholarly articles published in 2001 and 2017 following allegations of plagiarism, University spokesperson Jonathan L. Swain told CNN on Friday. Harvard commissioned an independent review of Gay’s writings following the plagiarism accusations. Gay denied the allegations, saying in a

By Michelle Toh and Nectar Gan, CNN Hong Kong (CNN) — ERNIE Bot 4.0, run by Chinese tech giant Baidu, is touted to be in the same league as industry darling chatbot GPT-4. Unveiled in October and launched to paying subscribers in November, ERNIE 4.0, an upgraded version of Baidu’s first ChatGPT competitor, “is not

By Matt Egan and Laura Dolan, CNN (CNN) — Early applications at Harvard declined by 17% to four-year lows, according to figures released Thursday. Harvard College accepted 692 students for the Class of 2028 from a pool of 7,921 applicants. The acceptance rate was 8.7%, up from 7.6% last year. Early admission applicants to Harvard spiked above

By Jeanne Sahadi, CNN New York (CNN) — The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were illegal collection practices. Specifically, the CFPB said that the company, which is based in Dickson City, Pennsylvania,

By Alex Hardie, CNN (CNN) — The Lufthansa Group plans to resume flights to Tel Aviv beginning January 8, 2024, nearly three months after it suspended flights to Israel’s largest airport due to security concerns. “Lufthansa Group continues to monitor the security situation in Israel closely and is in close contact with the local and international

By Matt Egan, CNN New York (CNN) — President Joe Biden’s top economic adviser sounds increasingly confident that the American economy will avoid the recession that so many had penciled in for 2023. “Recent data certainly give more evidence that the width of the runway for a soft landing has gotten much bigger,” Lael Brainard,

By Jordan Valinsky, CNN New York (CNN) — With millions of people expected to fly in the coming days, Southwest Airlines is vowing there won’t be a repeat of last year’s operational meltdown that ruined Christmas for travelers. Southwest CEO Bob Jordan said this week that “it will never happen again, I promise you that,”

By Anna Cooban, CNN London (CNN) — Global coal demand is likely to have peaked this year, and could drop by about 2% over the next three years as China brings more renewable energy sources online, the International Energy Agency said Friday. It’s the first time the Paris-based agency has predicted a drop in appetite

By Caitlin Danaher and Lauren Said-Moorhouse, CNN London (CNN) — The Duke of Sussex was awarded £140,600 ($179,000) on Friday after the UK High Court ruled he was the subject of “extensive” phone hacking by Mirror Group Newspapers (MGN) from 2006 to 2011. Justice Fancourt ruled that 15 stories published about Prince Harry by MGN

By Juliana Liu, CNN Hong Kong (CNN) — This week, Chinese authorities across the board intensified efforts to boost growth, but those attempts may not be enough to fix the ailing economy. On Friday, the country’s central bank pumped a massive amount of liquidity into the banking system as part of broader efforts to support

By Clare Duffy, CNN New York (CNN) — Associates of Elon Musk are planning to launch a new primary and secondary school, and ultimately a university, in Austin, Texas, with the help of a nearly $100 million donation from the billionaire, tax documents show. The move may be a sign that Musk is seeking to

By Samantha Delouya, CNN (CNN) — Fast-fashion retailer Shein has been hit with a lawsuit by rival Temu, alleging the company has used aggressive and unlawful tactics to thwart competition — adding another layer to the hostilities between the two Chinese-owned e-commerce sites as they fight to dominate the bargain shopping market in the US.

By Krystal Hur and Octavio Blanco, CNN New York (CNN) — General Motors will lay off about 1,300 workers from two of its Michigan plants, according to WARN notices the company has filed with state regulators. The job cuts at GM’s Orion Assembly and Lansing Grand River Assembly, which will take place in the new

By Matt Egan, CNN New York (CNN) — Top federal regulators are warning for the first time that the use of artificial intelligence poses a risk to the financial system. The Financial Stability Oversight Council, a team of leading regulators across the US government, formally classified AI on Thursday as an “emerging vulnerability.” Sophisticated AI

By Olivia LaBorde, CNN (CNN) — An Atlanta woman pleaded guilty to stealing more than $4 million from Facebook while she was an executive at the company. Barbara Furlow-Smiles who worked as a lead strategist, global head of employee resource groups and diversity engagement at Facebook, Inc., now known as Meta, from about January 2017 to September 2021 according

By Catherine Thorbecke, CNN (CNN) — General Motors’ beleaguered self-driving car subsidiary Cruise said Thursday that it was laying off roughly a quarter of its workforce, after months of turmoil and years of financial losses. The job cuts will impact approximately 900 of the company’s full-time staffers, and mostly workers in commercial and corporate operations,

By Nathaniel Meyersohn, CNN New York (CNN) — WeightWatchers is accelerating its pivot away from a diet culture brand and into a company catering to people taking Ozempic. WeightWatchers on Thursday launched a new membership plan for members taking GLP-1 prescriptions drugs like Ozempic and Wegovy sometimes used for weight loss. The “WeightWatchers GLP-1 Program”

By Matt Egan and Danny Freeman, CNN New York (CNN) — To punish the University of Pennsylvania for its response to antisemitism, Pennsylvania House Republicans stopped millions of dollars of state funding for the university’s school of veterinary medicine on Wednesday. Legislation that would provide the UPenn School of Veterinary Medicine with more than $31

By Krystal Hur, CNN New York (CNN) — A powerful activist investor is escalating his battle over the future of Disney in a long-simmering feud with CEO Bob Iger and the company’s management, trying to gain two seats on Disney’s board. Trian Fund Management will nominate Nelson Peltz, its founder, and Jay Rasulo, a former

By Matt Egan, CNN New York (CNN) — Baseball superstar Shohei Ohtani just inked a monster contract with a unique structure that will surely make Bobby Bonilla smile. Valued at a staggering $700 million, Ohtani’s 10-year deal with the Los Angeles Dodgers isn’t just the richest sports contract on the planet. The record-setting contract features

By Christopher Lamb, CNN (CNN) — Pope Francis has called for an international treaty to regulate the use of Artificial Intelligence, warning that the new technology risks causing a “technological dictatorship” which would threaten peace and democracy. The 86-year-old pontiff says he wants world leaders to agree to a “binding international treaty” on AI developed

CNN By Casey Tolan, Audrey Ash and Rene Marsh, CNN (CNN) — The largest credit union in the US has the widest disparity in mortgage approval rates between White and Black borrowers of any major lender, a trend that reached new heights last year, a CNN analysis found. Navy Federal Credit Union, which lends to

By Casey Tolan, Audrey Ash and Rene Marsh, CNN (CNN) — The largest credit union in the US has the widest disparity in mortgage approval rates between White and Black borrowers of any major lender, a trend that reached new heights last year, a CNN analysis found. Navy Federal Credit Union, which lends to military

Analysis by Hanna Ziady, CNN London (CNN) — When Volkswagen mapped out its electric future in 2019, it was the world’s biggest carmaker, with every chance of overtaking Tesla as the no. 1 manufacturer of battery-powered vehicles by the middle of this decade. “Volkswagen will change radically,” then-CEO Herbert Diess told shareholders. “Some of you

By Matt Egan and Samantha Delouya, CNN Washington, D.C. (CNN) — Treasury Secretary Janet Yellen is on a mission to repair the fragile yet vital relationship between the United States and China. That mission will kick into high gear next year. Yellen revealed her 2024 US-China gameplan in a major speech to business leaders on

By Laura He, CNN Hong Kong (CNN) — China’s regional governments have issued a record amount of special bonds to support troubled smaller banks, as they try to fend off potential systemic risks that could be triggered by a prolonged real estate crisis. So far this year, at least 15 provinces have issued 205 billion

By Diksha Madhok, CNN (CNN) — China has overtaken the United States as the biggest branded coffee shop market in the world by outlets, according to a report by World Coffee Portal. The number of branded coffee shops in the world’s second largest economy grew by 58% over the past 12 months to reach 49,691

By Samantha Murphy Kelly, CNN (CNN) — When ChatGPT launched late last year, some high schools quickly developed strict policies to prohibit students from using the powerful AI chatbot tool over fears of cheating on assignments. But now a new study from researchers at Stanford reveals the percentage of high school students who cheat remains

By Jordan Valinsky, CNN New York (CNN) — Former BP CEO Bernard Looney is forfeiting about $40 million in severance because the company’s board determined he engaged in “serious misconduct” for not fully disclosing his relationships with employees that led to his dismissal. “Following careful consideration, the board has concluded that, in providing inaccurate and

By Jon Passantino, CNN New York (CNN) — OpenAI will pay publishing giant Axel Springer to use its news content in the company’s artificial intelligence products, marking a “first of its kind” global publishing deal that will allow the ChatGPT creator to train its AI models on the news organization’s reporting. As part of the

By Elisabeth Buchwald, CNN New York (CNN) — Inflation slowed down again in November, with prices across all goods and services rising at a weaker pace of 3.1% on an annual basis, according to the latest Consumer Price Index. That’s a big improvement from November 2022 when prices rose at a pace of 7.1% compared

By Matt Egan, CNN New York (CNN) — J. Larry Jameson, the University of Pennsylvania’s newly installed interim president, called the past few weeks of turmoil a “profoundly painful chapter” for the Ivy League school. Jameson, UPenn’s longest-serving dean, was tapped Tuesday to replace Liz Magill on an interim basis after she stepped down over

By Alaa Elassar, CNN (CNN) — Haraz Coffee House in Dearborn, Michigan, is usually teeming with customers eager for a taste of its delicious Yemeni coffee – but on Monday there wasn’t a single person in sight. The popular café on Michigan Avenue was closed, as its owner and employees participated in a global strike

By Mark Thompson, CNN London (CNN) — Airbnb has agreed to pay 576 million euros ($621 million) to settle a longstanding dispute over unpaid taxes in Italy. Italian prosecutors said last month that the company owed as much as €779 million ($840 million) in short-term rental taxes that it had failed to pay on behalf

By Jordan Valinsky, CNN New York (CNN) — Kid Rock is changing his tune on Bud Light. He was one of the first people to declare a boycott on Bud Light after the beer brand briefly partnered with a transgender influencer, leading to a significant and lasting sales slump. Rock told Tucker Carlson on his X

By Oliver Darcy, CNN New York (CNN) — The future is now. The New York Times on Tuesday announced the creation of a new newsroom position: editorial director of artificial intelligence initiatives. For the pioneering role, The NYT tapped Zach Seward, founding editor of the technology-focused outlet Quartz. Seward, The NYT said, will work to

By Chris Isidore, CNN New York (CNN) — Tesla is recalling nearly all 2 million of its cars on US roads to limit the use of its Autopilot feature following a two-year probe by US safety regulators of roughly 1,000 crashes in which the feature was engaged. The limitations on Autopilot serve as a blow

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve said Wednesday it will hold interest rates steady at a 22-year high for the third consecutive meeting, as US economic growth slows and investors look toward the beginning of rate cuts sometime next year. The Fed has raised rates 11 times since March 2022 to combat high inflation, which

By Ramishah Maruf, CNN New York (CNN) — Amazon, Target and Walmart have voluntarily stopped selling water beads marketed for children after government officials, lawmakers and public health professionals called for a ban on the toys. Water beads are tiny balls made out of extremely absorbent polymer material. When exposed to liquid, they can expand

By Krystal Hur, CNN New York (CNN) — Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday. The stark move changes the official conversion rate to 800 pesos per dollar from 365 pesos and comes just

By Sergio Padilla, CNN New York (CNN) — The Electronic Entertainment Expo, known by video game enthusiasts as E3, is no more. The live trade show for video game publishers and hardware developers was once the most anticipated event in gaming but would suffer from a lack of interest from both the public and industry

By Jennifer Korn, CNN New York, NY (CNN) — A new $10 billion mega chip-making complex is coming to New York state. Governor Kathy Hochul announced New York’s efforts to build a High NA Extreme Ultraviolet (EUV) Lithography research and development center. In a statement Monday, she said the state will invest $1 billion and

By Clare Duffy, CNN New York (CNN) — The New Mexico Attorney General’s office has accused Meta of shutting down the accounts it used to investigate alleged child sexual abuse on Facebook and Instagram, according to a motion it filed Tuesday in the lawsuit it brought against the tech giant last week. The Attorney General

By Brian Fung, CNN (CNN) — Fresh off his company’s monumental court victory over Google, Epic Games CEO Tim Sweeney says he has a theory for why a federal jury determined Google was running an illegal monopoly with its app store: The company left too much of a paper trail to ignore. “Google executives wrote

By Matt Egan, CNN New York (CNN) — The University of Pennsylvania’s board of trustees is tapping J. Larry Jameson, its longest serving dean, to become the school’s interim president, replacing Liz Magill, following her resignation last weekend. Jameson is dean of UPenn’s medical school and will take the helm of the Ivy League institution