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CNN By Eva Rothenberg and Stefano Pozzebon, CNN (CNN) — Libertarian Javier Milei’s victory Sunday in Argentina’s presidential run-off contest has far-reaching consequences for the country’s struggling economy, including the fate of the peso. A political outsider who ran on a promise to “break the status quo,” Milei’s economic platform rested on a desire to

By Eva Rothenberg and Stefano Pozzebon, CNN (CNN) — Libertarian Javier Milei’s victory Sunday in Argentina’s presidential run-off contest has far-reaching consequences for the country’s struggling economy, including the fate of the peso. A political outsider who ran on a promise to “break the status quo,” Milei’s economic platform rested on a desire to dollarize

By Alicia Wallace, CNN Minneapolis (CNN) — When Formula 1 racecars rip along the iconic Las Vegas Strip this Sunday, it will serve as another highly visible reminder of a significant shift in the city’s economy. In under a decade’s time, the desert city long known for its casinos, food and live entertainment has become

By Chris Isidore, CNN New York (CNN) — The new labor contracts between the United Auto Workers union and General Motors, Ford and Stellantis will make a big difference in the paychecks of 145,000 autoworkers. It will raise their pay at least 11% immediately, and likely more than 30% over the life of the contract.

By Brian Fung, CNN (CNN) — In a surprise twist after Friday’s unexpected firing of OpenAI CEO Sam Altman, the artificial intelligence leader may be mulling a return. Multiple news reports, including the Wall Street Journal and New York Times, cited anonymous sources who said the board is having second thoughts about the firing and

By Chris Isidore, CNN New York (CNN) — Members of the United Auto Workers union at Ford and Stellantis have ratified their labor deals and by a larger margin of approval than members at General Motors, ending any chance that the auto strikes could resume due to rank-and-file opposition to the deals. The final votes,

By Samantha Murphy Kelly, CNN (CNN) — OpenAI, the company behind the viral chatbot ChatGPT, fired its CEO and founder, Sam Altman, on Friday. His stunning departure sent shockwaves through the budding AI industry. The company, in a statement, said an internal investigation found that Altman was not always truthful with the board. “Mr. Altman’s

By Brian Fung, Clare Duffy and Samantha Delouya, CNN (CNN) — A torrent of prominent brands halted their advertising on X on Friday, dealing a massive reputational blow to Elon Musk’s social media company after his public embrace this week of an antisemitic conspiracy theory favored by White supremacists. The high-profile advertiser revolt includes some

By Catherine Thorbecke, CNN New York (CNN) — Amazon is once again doubling down on its return-to-office mandate, warning staff that not complying could impact their chances of being promoted. Employees who don’t regularly work in an office at least three days a week will find that any potential promotion will be subject to an

By Matt Egan, CNN New York (CNN) — The last time it was this cheap to travel by car for Thanksgiving, almost no one was on the roads. Just in time for the Thanksgiving holiday travel rush, gas prices are tumbling fast. The national average price of regular gasoline is down by 55 cents a

By Anna Cooban, CNN London (CNN) — Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value. China’s largest privately owned carmaker said it had taken the decision to sell 100 million Volvo

By Brian Fung, CNN (CNN) — A federal judge said Thursday he would not intervene in a dispute between X owner Elon Musk and the Federal Trade Commission in an ongoing agency investigation of the social media giant that has triggered intense public scrutiny. The decision means Musk may be forced to cooperate with federal

By Clare Duffy, CNN New York (CNN) — Nonprofit online watchdog the Center for Countering Digital Hate on Thursday hit back at Elon Musk’s X in a motion to dismiss the social media company’s August lawsuit. X Corp., the parent company of the platform formerly known as Twitter, accused the Center for Countering Digital Hate of deliberately trying to

By Peter Valdes-Dapena, CNN (CNN) — Amazon is about to add cars and SUVs to the huge roster of things it sells online. People will be able to shop for Hyundai vehicles on Amazon through an agreement with the South Korean automaker. Your new Hyundai Santa Fe or Sonata won’t be delivered to your front

By Liam Reilly and Clare Duffy, CNN New York (CNN) — IBM on Thursday announced it had suspended advertising on Elon Musk’s X, the platform formerly known as Twitter, after an ad for the computing giant appeared alongside pro-Nazi content. “IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X

By Parija Kavilanz, CNN New York (CNN) — Gap Inc. on Thursday reported third-quarter results that showed the retailer’s continued struggle to lift overall sales across its portfolio of brands. But signs of a turnaround for its Old Navy division offered at least something to cheer about. Overall revenue in the quarter for Gap Inc.

By Matt Egan, CNN New York (CNN) — Nir Barkat, Israel’s minister of economy and industry, is warning American universities to crack down on antisemitism. “Schools that prioritize taking money instead of doing what’s right and doing good are going to have a serious problem,” Barkat told CNN on Thursday. Speaking from a Manhattan hotel,

By Peter Valdes-Dapena, CNN (CNN) — The Vatican has announced that, as part of a move to reduce its carbon emissions, it will electrify its fleet of vehicles. And Volkswagen will be supplying the cars. The first two vehicles, both VW ID.3 compact electric cars, have already been delivered to the Vatican, VW said. In

By Matt Egan, CNN New York (CNN) — Heavy selling drove oil prices sharply lower on Thursday, marking another positive development for inflation just ahead of the Thanksgiving travel rush. US oil prices tumbled almost 6% to a low of $72.16 a barrel — the lowest level since July 7. The selloff continues a sharp

By Anna Bahney and Samantha Delouya, CNN Anaheim, California (CNN) — There was a DJ dance party and photo booths, a gala dinner and cocktail hours. But it’s an awkward time for a party at the annual convention of the National Association of Realtors, underway in Anaheim this week and bringing together nearly 12,000 of

By Donie O’Sullivan, Catherine Thorbecke and Allison Gordon, CNN (CNN) — Dozens of young Americans have posted videos on TikTok this week expressing sympathy with Osama bin Laden, the notorious terrorist who orchestrated the September 11 attacks, for a two-decade-old letter he wrote critiquing the United States, including its government and support of Israel. The letter,

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Rank-and-file members of the United Auto Workers union approved their labor deal with General Motors, despite significant opposition that saw it voted down by workers at more than a dozen plants. The deal reached between the union and the company on October 30 won the support

By Nathaniel Meyersohn, CNN New York (CNN) — Lower grocery prices may soon be coming for shoppers. Walmart CEO Doug McMillon said Thursday that the US food industry may be heading into a period of deflation after three years of punishing price hikes that have caused sticker shocker for shoppers at the grocery store. Food

By Danielle Wiener-Bronner, CNN New York (CNN) — New York’s water and parks are full of plastic waste. But litterbugs aren’t the problem, according to New York Attorney General Letitia James. It’s the company that puts so many plastic bottles and packages into world, PepsiCo — the maker of Pepsi, Mountain Dew, Lay’s chips and dozens

By Chris Isidore and Danielle Wiener-Bronner, CNN New York (CNN) — Thousands of Starbucks workers at hundreds of stores went on strike Thursday, as they protested the lack of their first contract despite a nearly two-year organizing drive. The strike at Starbucks, which some have dubbed the Red Cup Rebellion, was intended to last just

By Nectar Gan and Juliana Liu, CNN (CNN) — China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. In a speech evoking

By Michelle Toh, CNN Hong Kong (CNN) — Tencent rushed to build up “one of the largest inventories of AI chips in China” before US export restrictions took hold, an executive said Wednesday. Martin Lau, president of the Chinese tech giant, told analysts on an earnings call that it had purchased components from Nvidia (NVDA)

By David Goldman, CNN New York (CNN) — Agreeing with an antisemitic post on his social media platform X, Elon Musk endorsed the claim that Jewish communities push “hatred against Whites.” An X post Wednesday afternoon said: “Jewish communties (sic) have been pushing the exact kind of dialectical hatred against whites that they claim to

By Ramishah Maruf, CNN New York (CNN) — Anheuser-Busch InBev’s US chief marketing officer is stepping down after the company reported a slump in Bud Light sales, as the backlash against the beer continues. In a statement Wednesday, Anheuser-Busch said Benoit Garbe, the company’s US chief marketing officer, “will be resigning at the end of

By Brian Fung, CNN Washington (CNN) — A group of US senators is demanding that Meta CEO Mark Zuckerberg hand over troves of emails and documents that could show how the company handled the knowledge that its platforms could harm the mental health of teens. In a letter dated Tuesday and addressed to Meta CEO Mark Zuckerberg,

By Nicole Goodkind, CNN New York (CNN) — Warren Buffett’s Berkshire Hathaway unloaded its entire $850 million worth of General Motors (GM) stock last quarter, according to a Securities and Exchange Commission filing. Shares of the automaker, which recently forecast that a strike by autoworkers this fall would cut pretax earnings by about $800 million

By Bryan Mena, CNN Washington, DC (CNN) — Maryland’s job market has reached a historic milestone. The mid-Atlantic state registered a record unemployment rate of 1.6% in September — less than half the national unemployment rate of 3.8% that month — Labor Department data shows. That’s the lowest seasonally adjusted unemployment rate of any state

By Clare Duffy and Donie O’Sullivan, CNN New York (CNN) — Meta will allow political ads on its platforms to question the outcome of the 2020 US presidential election, part of a rollback in election-related content moderation among major social media platforms over the past year ahead of the 2024 US presidential contest. The policy

By Liam Reilly, CNN (CNN) — Did Apple and Jon Stewart part ways over China? Members of Congress would like to know. The House Select Committee on the Chinese Communist Party on Wednesday sent a letter to Apple chief executive Tim Cook asking that he explain why the company will no longer produce “The Problem With Jon Stewart”

By Matt Egan, CNN New York (CNN) — Robinhood is trying hard to lure customers fed up with traditional banks that pay little to no interest on savings. To attract deposits, the stock trading app made famous by the GameStop craze is offering fatter and fatter interest rates. Robinhood will now pay subscription customers a

By Samantha Murphy Kelly, CNN (CNN) — China has started to roll out what it’s calling the world’s most advanced internet network, which promises to operate several times faster than current networks. The network – which can travel at about 1.2 terabits (or 1,200 gigabits) each second – is fast enough to transfer data from

By Brian Fung, CNN (CNN) — Major social media companies must face allegations that their services addicted teen users and caused other mental health harms after a federal judge on Tuesday denied a motion to dismiss the bellwether lawsuit filed by a wave of consumer plaintiffs. The decision is a blow to tech giants Google, Meta, Snap and TikTok,

CNN By Nathaniel Meyersohn, CNN New York (CNN) — The backlash against self-checkout is growing, and stores are starting to dial back on the technology after it exploded over the past few years. Booths, a British supermarket chain, said it’s removing self-checkout stations in all but two of its 28 stores. In the United States,

By Hanna Ziady, CNN London (CNN) — UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year. But a chorus of commentators say businesses and households still face “worryingly” high bills and a

By Sergio Padilla, CNN New York (CNN) — Amazon will now run shopping ads for select products on popular photo messaging app Snapchat, an Amazon spokesperson confirmed to CNN. Unlike prompts to get a user to open their phone’s web browser, Amazon’s shopping ads will allow them to shop and check out without having to

Analysis Oliver Darcy, CNN (CNN) — “Not the odds, but the stakes.” Those are the six words that make up a mantra New York University journalism professor Jay Rosen has evangelized across the news industry over the last several months. With less than a year until the 2024 elections, Rosen has been imploring newsrooms to

By Hanna Ziady, CNN London (CNN) — 2024 will be the “pivotal” year in the takeover of Credit Suisse by UBS, with the migration of IT systems presenting huge risks as the two megabanks merge operations across more than 50 countries, UBS CEO Sergio Ermotti said Wednesday. Next year is “probably the most important year

By Parija Kavilanz, CNN New York (CNN) — Sephora has drastically changed the way people shop for fragrances in its stores, and it’s blaming store thefts for it. Sephora told CNN that it has removed all fragrances – which it said are among the most targeted items for theft – from stores shelves and displays

By Michelle Toh, CNN Hong Kong (CNN) — China’s retail sales and factory output grew more than expected in October, official data showed on Wednesday, even as the country’s crisis-hit real estate sector continued to drag on the economy. Retail sales surged 7.6% last month compared to the same period last year, according to the

By Elisabeth Buchwald, CNN New York (CNN) — The House Financial Services Committee has launched an investigation into Federal Deposit Insurance Corporation Chair Martin Gruenberg’s conduct at the agency, members of the committee announced on Friday. This comes after a Wall Street Journal investigation based on interviews with more than 100 current and former FDIC

By Matt Egan, CNN New York (CNN) — A coalition of Muslim bar associations is accusing leading law firms of contributing to Islamophobia and a climate of fear in the legal community. In a letter to more than 100 of America’s top law firms, 13 national and regional bar associations called for the law firms

By Nathaniel Meyersohn, CNN New York (CNN) — The United Automobile Workers’ won big wage and benefit gains in tentative contract agreements with Ford, General Motors and Stellantis. Now, non-union companies are rushing to give their non-unionized workers raises, too. Toyota, Honda and Hyundai all announced raises for their US factory workers within two weeks

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media venture Truth Social is burning cash and piling up losses so rapidly that accountants warn it might not survive unless it soon completes a long-delayed merger, according to corporate filings. Trump Media & Technology Group (TMTG), which is chaired by the

By Chris Isidore, CNN New York (CNN) — Stellantis is offering buyouts to half of its salaried US staff in a cost cutting move. The European automaker, which builds cars for the US market under the Jeep, Ram, Dodge and Chrysler brands, said the offers would be made to all salaried staff with five years

By Sergio Padilla, CNN New York (CNN) — If you love wearing crocs while eating a Big Mac, today is your lucky day. McDonald’s confirmed Monday that it is collaborating with Crocs for one of its rare ventures into the footwear industry. The collaboration features shoes, socks and “Jibbitz” (the little charms that go inside

By Anna Cooban, CNN London (CNN) — The German government is putting €7.5 billion ($8 billion) of taxpayer cash on the table to secure the rescue of troubled wind turbine-maker Siemens Energy, a company of vital importance to the country’s energy transition. The sum is part of a €15 billion ($16.3 billion) package of guarantees,

By Jordan Valinsky, CNN New York (CNN) — Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. The sudden change comes amid a broader shakeup at the publication, which includes returning to its former name of “Business Insider” as it shifts

By Jennifer Korn, CNN (CNN) — Venmo wants to eliminate the financial mental math of splitting roommate bills, lunch checks and road trip costs. The new Venmo Groups feature gives users the ability to track and split ongoing group expenses, making it easier to figure out who owes who what. Members can add an expense

By Sugam Pokharel and Akanksha Sharma, CNN London/Hong Kong (CNN) — Nepal has decided to ban TikTok because the popular short video app was disrupting social structures in the South Asian nation, government officials say. A number of countries have placed restrictions on the use of Tiktok, which is owned by Chinese tech giant Bytedance

By Peter Valdes-Dapena, CNN (CNN) — Big trucks and SUVs, especially those with flat front ends, aren’t just more intimidating to look at, they are genuinely deadlier for pedestrians, according to new research from the Insurance Institute for Highway Safety. Researchers at the institute looked at records of almost 18,000 incidents in which vehicles struck

By Matt Egan, CNN New York (CNN) — Private equity executive Edgar Bronfman, Jr., whose family includes well-known supporters of Israel, is calling for the leaders the University of Pennsylvania to step down due to their response to the Hamas terror attacks against Israel, CNN has learned. Bronfman, a former media executive and Seagrams scion,

By Jordan Valinsky, CNN New York (CNN) — The number of Trump Hotels continues to dwindle, with the chain’s Hawaii resort the latest to ditch the tarnished name for a less politicized brand. The Trump International Hotel Waikiki is joining Hilton and will no longer have the former president’s name attached to it. In February

By Hanna Ziady, CNN London (CNN) — An entire museum in London is dedicated to celebrating the 500-year-long history of British postal services. Yet that history is becoming an increasingly sorry tale. Royal Mail, the official postal service of the United Kingdom, cannot deliver letters and parcels on time, according to the country’s communications regulator.

By Diksha Madhok, CNN New Delhi (CNN) — Hyundai Motor has kicked off construction on a 2 trillion won ($1.5 billion) facility in South Korea that will be dedicated to manufacturing electric vehicles. The group, which owns the Hyundai and Kia brands, held the groundbreaking ceremony on Sunday in Ulsan, where the carmaker built its

By Hanna Ziady, CNN Geneva, Switzerland (CNN) — The morning after the bombshell announcement in March that UBS was buying its failing crosstown rival Credit Suisse to avert a global banking crisis, Sergio Ermotti saw a surprising name pop up on his phone. The caller was UBS (UBS) chairman Colm Kelleher. Ermotti had left the

By Eva Rothenberg, CNN (CNN) — Former fashion mogul Peter Nygard was found guilty of four counts of sexual assault in a Toronto court on Sunday, following a six-week trial. Nygard, 82, was accused by five women of attacking them in a series of incidents from the 1980s to the mid-2000s. He was acquitted of one

By Elisabeth Buchwald, CNN New York (CNN) — Bond yields have been doing a lot of the heavy lifting for the Federal Reserve by helping keep inflation in check — but that’s coming back to bite the central bank. The swift rise in long-term US Treasury yields over the past few months caused headaches for

By Eva Rothenberg, CNN (CNN) — Ahead of high-stakes meetings next week between the United States and China, US Commerce Secretary Gina Raimondo dismissed the notion there would be a military conflict with China over Taiwan. Both the United States and China “have a desire to stabilize (their) relationship,” Raimondo told CNN’s Christiane Amanpour in

By Catherine Thorbecke, CNN New York (CNN) — WeWork officially filed for bankruptcy this week, a seemingly inevitable development for the coworking startup which once promised to revolutionize office work but has been slowly unraveling for years. Co-founder Adam Neumann’s well-documented excesses during the early days of WeWork have already inspired a best-selling book and

CNN Analysis by Bryan Mena, CNN Washington, DC (CNN) — A worrisome sign for the Federal Reserve is starting to emerge. The Fed keeps a close eye on several risks that could make its job of taming inflation even more difficult, such as red-hot consumer demand keeping some upward pressure on prices and the possible

By Ramishah Maruf, CNN New York (CNN) — Veterans Day honors active and former US service members. Usually, the federal holiday is celebrated on November 11. However, since that day falls on a Saturday this year, some observed the holiday on Friday, November 10. Here’s what will be open and closed on November 11 for

By Nicole Goodkind, CNN New York (CNN) — More than 1,600 alumni of Harvard University say that they will withhold donations to the school until Harvard takes urgent action to address antisemitism on campus, part of a wave of challenges to colleges across the county in addressing hate speech sparked by the Israel-Hamas war. High-profile

By Ramishah Maruf, CNN New York (CNN) — Actors union SAG-AFTRA revealed specifics of a new labor deal with Hollywood studios Friday that they said included groundbreaking raises, benefit increases and protections around artificial intelligence. The actors union had reached a tentative agreement on Wednesday with the major film and television studios, the Alliance of