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By Sean Lyngaas, CNN (CNN) — A ransomware attack on a US unit of the powerful Industrial and Commercial Bank of China that may have contributed to a brief market sell-off on Thursday was a significant escalation for cybercriminals that underscored how big hacks can disrupt business for even the best-resourced companies, experts told CNN. The

By Elisabeth Buchwald, CNN New York (CNN) — The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed. While the move does not automatically mean it will downgrade America’s creditworthiness, it increases the

By Matt Egan, CNN New York (CNN) — A Jewish legal rights advocacy group has alleged that the University of Pennsylvania and Wellesley College have violated federal civil rights law by allowing for discrimination against Jews. The Brandeis Center, a Jewish civil rights legal organization, filed civil rights complaints with the US Department of Education

By Caitlin Danaher, Max Foster and Lauren Said-Moorhouse, CNN London (CNN) — Britain’s High Court ruled Friday that the Duke of Sussex’s court case against the publisher of the Daily Mail newspaper over alleged unlawful information gathering can continue. Associated Newspapers Limited, which also publishes The Mail on Sunday and the MailOnline, had attempted to

By Chris Isidore, CNN New York (CNN) — Friday morning in Las Vegas saw labor peace, and not a threatened strike along the Strip, as the Culinary union has reached its third tentative labor deal in three days with a casino operator. The union that represents more than 35,000 cooks, food servers, bartenders, housekeepers and

KENS, CECILIA NEATHERY, ADAM GREEN, CNN 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 will observe the holiday on Friday, November 10. Here’s what will be

By Juliana Liu, CNN Hong Kong (CNN) — A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on Thursday. ICBC Financial Services, which

By Chris Isidore, CNN New York (CNN) — General Motors, Stellantis and Ford have closed dozens of US plants since the beginning of this century. Only a handful have ever been brought back to life. Now the United Auto Workers union can add one more. That’s why US President Joe Biden attended a UAW rally

By Michelle Toh and Mengchen Zhang, CNN Hong Kong/Beijing (CNN) — Huawei has launched a new electric vehicle (EV) that is designed to take on Elon Musk’s Tesla. The Chinese tech giant began taking preorders of the Luxeed S7, its first sedan, on Thursday. Previously, it had sold SUVs. The car, which has developed with

By Oliver Darcy, CNN (CNN) — Four news organizations strongly denied on Thursday having had prior knowledge of Hamas’ Oct. 7 terror attack, after the Israeli government demanded answers from the press and stoked questions about their credibility over a thinly sourced report from an agenda-driven media monitoring group that insinuated news organizations knew about the

By Samantha Kelly, CNN (CNN) — OpenAI said recent outages of its viral ChatGPT chatbot could be caused by targeted attacks on its servers. The company wrote on its website Wednesday evening it is “dealing with periodic outages due to an abnormal traffic pattern reflective of a DDoS attack.” A DDoS attack, or distributed denial

By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve Chair Jerome Powell is leaving the door open for additional interest rate hikes to defeat inflation, he said Thursday. “We know that ongoing progress toward our 2% goal is not assured: Inflation has given us a few head fakes,” Powell said at a conference hosted

By Jordan Valinsky, CNN New York (CNN) — Ticket and hotel room prices are falling sharply in Las Vegas as the gambling mecca preps to host its first Formula 1 Grand Prix race in four decades next week. Excitement has “started to fizzle” in recent weeks with a “big factor” being that driver Max Verstappen

By Vanessa Yurkevich, CNN New York (CNN) — Bangladesh has been gripped by violent protests for two weeks, as thousands of garment workers take to the streets to demand better wages for the country’s four million garment workers. Protesters clashed with police — resulting in the deaths of three workers. Unions there say police have

By Liam Reilly, CNN (CNN) — Vice Media, the one-time digital media darling that has seen its value and influence greatly diminish in recent years, moved on Thursday to further hollow out its once prestigious news division, shutting down several shows and laying off dozens of staffers. “To be clear, Vice News is not going

By Clare Duffy, CNN New York (CNN) — The Trevor Project, a suicide prevention organization for LGBTQ+ youth, is quitting social media site X, saying Thursday it is concerned about “increasing hate & vitriol on the platform targeting the LGBTQ community — the group we exist to serve.” “If you’d like to keep up with

By Oliver Darcy, CNN (CNN) — Jezebel, the punchy feminist blog with an outsized influence on internet culture, will suspend operations and lay off its staff effective immediately, its parent company G/O Media said Thursday as it announced broader restructuring in its portfolio of digital news outlets. Jim Spanfeller, chief executive of G/O Media, said

By Alicia Wallace, CNN Minneapolis (CNN) — Ohio certainly wasn’t the first state to legalize recreational cannabis — 23 other states have done so since 2012 — but the Buckeye State’s arrival on that list could ultimately be quite consequential for the growing industry. Ohio voters’ approval of a legalization measure on Tuesday comes just

By Reuters (CNN) — Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas major filed the claim in London’s High Court. Greenpeace activists boarded the vessel in January near

By Oliver Darcy, CNN (CNN) — Around 5pm ET on Wednesday, the heads of the major Hollywood studios went to the actors’ union with a not so subtle ask: Let us know by 8pm ET whether or not you accept the deal we have put on the table to end the strike. For more than

By Michelle Toh, CNN Hong Kong (CNN) — Consumer prices in China fell more than expected last month, sliding the country back into deflation and renewing concerns about the strength of the world’s second largest economy. The country’s National Bureau of Statistics (NBS) said Thursday that the consumer price index (CPI) edged down 0.2% in

By Laura He, CNN Hong Kong (CNN) — China’s wobbly economy has affected the world’s largest annual shopping event, and companies have launched an aggressive price war to woo customers. The Singles Day festival, also known as “Double 11,” was created by Alibaba in 2009 and has turned into a weeks-long shopping bonanza in China.

By Veronica Calderon, CNNE (CNN) — Apple co-founder Steve Wozniak was hospitalized in Mexico City on Wednesday, a source from the organizers of the World Business Forum (WBF), an event he attended in the country’s capital, told CNN En Español. The source said Wozniak, 73, was taken to the hospital at 3 p.m. local time after fainting

By Bryan Mena and Juliana Liu, CNN Washington/Hong Kong (CNN) — US Treasury Secretary Janet Yellen will meet Chinese Vice Premier He Lifeng to discuss the bilateral relationship between the world’s two largest economies and other global issues over two days starting Thursday. Yellen’s talks with China’s new economic tsar will set the stage for

By Oliver Darcy and Ramishah Maruf, CNN New York (CNN) — Hollywood actors have reached a tentative agreement with the major film and television studios to end their historic strike, the actors union announced Wednesday. The strike had shut down production across the industry for nearly four months and raised existential questions over the future

By Liam Reilly, CNN (CNN) — Los Angeles County has agreed to pay $700,000 to a public radio reporter who was slammed to the ground and arrested by sheriff’s deputies while covering a protest in 2020. Josie Huang, a radio journalist for LAist, reached the settlement agreement with Los Angeles County and the sheriff’s department

By Matt Egan, CNN New York (CNN) — A pair of Republicans leading powerful House committees are calling for the Department of Veterans Affairs to speed up efforts to decrease the agency’s reliance on China for medical supplies, CNN has learned. The Covid-19 pandemic laid bare a dangerous vulnerability in America’s medical supply chains that

By Samantha Delouya, CNN Los Angeles (CNN) — Disney said it would continue to dramatically cut costs as it looks to rebuild its business in a rapidly changing media environment. The company announced it would slash expenses by another $2 billion, adding to the $5.5 billion reduction it had previously announced, which included thousands of

By Nicole Goodkind, CNN New York (CNN) — US stocks ended the day mixed on Wednesday with investors focused predominantly on a flurry of corporate earnings reports in a week with a sparse schedule of economic data releases. The S&P 500 wobbled through the day but managed to hold on to its longest winning streak

By Brian Fung, CNN (CNN) — Meta CEO Mark Zuckerberg has personally and repeatedly thwarted initiatives meant to improve the well-being of teens on Facebook and Instagram, at times directly overruling some of his most senior lieutenants, according to internal communications made public as part of an ongoing lawsuit against the company. The newly unsealed

By Bryan Mena and Elisabeth Buchwald, CNN Washington (CNN) — Federal Reserve Bank of Cleveland President Loretta Mester is set to retire from her post next year, the bank announced Wednesday. Mester, one of the US central bank’s most “hawkish” voices, is finishing her term on June 30, 2024. Hawkish is a term used to

By Chris Isidore, CNN New York (CNN) — A tentative five-year labor deal has been reached between the Culinary union and Caesars Entertainment to avert a potential strike at its nine casinos along the Las Vegas Strip, although nine other casinos still face possible walkouts come Friday morning. The details of the agreement, which was

By Peter Valdes-Dapena, CNN New York (CNN) — General Motors has entered into a partnership with a small Wisconsin start-up, Niron Magnetics, to develop electric motor magnets that can be made without rare elements that are mostly sourced from China today. In electric vehicle motors, rapidly shifting magnetic fields spin a rotor made with magnets

By Oliver Darcy, CNN (CNN) — Catherine Herridge is on the brink of being held in contempt of court. In a late-September deposition, the CBS News senior investigative correspondent declined to reveal her source(s) for a series of 2017 stories she reported on during her time at Fox News, according to a court filing made

By Laura He, CNN Hong Kong (CNN) — Beijing is ready to improve ties with Washington, a senior Chinese official said Wednesday, days before a highly anticipated potential meeting between leaders Xi Jinping and Joe Biden in San Francisco. Recent high-level meetings have sent out “positive signals and raised the expectations of the international community

By Michelle Toh, CNN Hong Kong (CNN) — Diversification away from China is increasing, and it doesn’t just affect foreign companies, according to HSBC CEO Noel Quinn. Speaking at the Bloomberg New Economy forum in Singapore on Wednesday, Quinn said the head of one of HSBC’s units had recently reported a 70% jump “in activity

By Jordan Valinsky, CNN New York (CNN) — More than two dozen Republican members of Congress sent a letter to University of Pennsylvania President Liz Magill condemning the school’s “shocking lack of a prompt and unequivocal condemnation” of the October 7 attacks in Israel by Hamas. The letter, dated November 1, comes after the college

By Brian Fung, CNN Washington (CNN) — Meta’s top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram, a company whistleblower told a Senate subcommittee on Tuesday. Meta instead fosters a culture of “see no evil, hear no evil” that overlooks evidence of harm internally

By Nathaniel Meyersohn, CNN New York (CNN) — America has a glut of empty offices. Now, some offices face losing WeWork, which has more than 600 locations in major cities. WeWork filed for Chapter 11 bankruptcy Monday, throwing the future of the real estate company up in the air. WeWork said it would terminate some

By Matt Egan, CNN New York (CNN) — A growing number of cash-strapped Americans are cracking their nest eggs for emergency funds. The number of 401(k) plan participants taking hardship distributions increased by 13% between the second and third quarters, according to an analysis by Bank of America of its clients’ employee benefit programs. That figure now

By Anna Bahney, CNN Washington, DC (CNN) — When Michael Monaghan, a real estate agent with Coldwell Banker Sellers Realty in northern California, got an offer for a home in Bayside at the seller’s $650,000 list price in September, he told the buyer’s agent that the buyer needed to start looking for insurance immediately. “I

By Barbie Latza Nadeau, CNN Rome (CNN) — Italian tax authorities are poised to seize some €779 million ($836 million) from Airbnb as a result of its alleged failure to pay taxes owed by landlords using the platform. It’s the latest sign of intense scrutiny of short-term rentals that have proliferated in big cities in

By Brian Fung, CNN (CNN) — Meta is prohibiting political advertisers from using the company’s new, artificial intelligence tools that help brands generate text, backgrounds and other marketing content, in what the company says is a decision to limit the technology’s potential risks. A company spokesperson told CNN that Meta has updated its policies surrounding

By Matt Egan, CNN New York (CNN) — Federal Reserve officials are urging banks to work with customers hurt by ongoing deposit delays that have prevented some people from accessing their paychecks and other funds. A number of customers still haven’t received their direct deposit paychecks following a “human error” that damaged the plumbing of America’s banking

By Jordan Valinsky, CNN New York (CNN) — For those that can’t get enough of espresso martinis, there’s now a gift that smells like the iconic cocktail that’s experiencing a resurgence for its 40th birthday. Absolut Vodka and Kahlúa coffee liqueur, two spirits that are often mixed to create an espresso martini, are releasing a

By Diksha Madhok, CNN (CNN) — The CEO of a Chinese live-streaming service backed by Tencent has become the latest high-flying executive to fall mysteriously silent in the world’s second largest economy. According to a Monday report from the Cover News, a state-owned media outlet, DouYu (DOYU) CEO Chen Shaojie has been unreachable in recent days.

By Oliver Darcy, CNN (CNN) — How do you interview election deniers? George Stephanopoulos offered an example on Sunday. In a remarkable exchange with Rep. Steve Scalise that aired on “This Week,” the ABC News anchor pressed the Republican House Majority Leader no less than a half dozen times on what should have been a

By Michelle Toh, CNN Hong Kong (CNN) — Senior Chinese officials have defended the state of the world’s second largest economy at a conference in Hong Kong, telling global financiers not to worry about prospects in China despite an uneven recovery and ailing property market. In a recorded message, Vice Premier He Lifeng told the

By Hanna Ziady, CNN London (CNN) — UBS made a hefty loss in the first full quarter since it closed a deal to rescue Credit Suisse, highlighting the scale of the challenge the bank faces as it absorbs its stricken rival. The Swiss lender reported a net loss of $785 million for the June-to-September quarter

By Simone McCarthy, CNN Hong Kong (CNN) — Developing countries owe Chinese lenders at least $1.1 trillion, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out over two decades are due as many borrowers struggle financially. Overdue loan repayments to Chinese lenders are soaring, according

By Peter Valdes-Dapena, CNN (CNN) — Stellantis’ new Ramcharger pickup, expected to go on sale late next year, will be an “electric” truck, the company says. But really, it’ll be a hybrid, with a gasoline engine under the hood, the company announced Tuesday. It will be sold alongside the Ram REV, the company’s actual fully-electric

By Catherine Thorbecke, CNN New York (CNN) — WeWork, the beleaguered coworking space company, has filed for bankruptcy, marking a stunning downfall for what was once the world’s most valuable startup. The Chapter 11 bankruptcy announcement was widely expected after the company said last month it was struggling to pay back its debt. The pandemic

By Ramishah Maruf, CNN New York (CNN) — SAG-AFTRA said it has responded to Hollywood studios’ “last, best & final offer” on Monday as pressure ramps up to reach a deal ending the industry-freezing strike. The actors’ union said in a message to its members that there are several “essential items” that the two sides have yet to reach agreement on, such as the use

By Samantha Delouya, CNN (CNN) — The University of Pennsylvania police and the FBI are jointly investigating a series of threatening antisemitic emails sent to university staff, Penn President Liz Magill said on Monday. In an email to the university community, Magill said she learned that some Penn staff members received “vile, disturbing antisemitic emails

By Jeanne Sahadi, CNN New York (CNN) — A payment processing error that caused delays in some deposits that were originally expected to post to customer accounts in the first three days of November was unwelcome news to bank customers who were affected. The Clearing House, which is the private operator of the Automated Clearing

By Jennifer Korn, CNN New York (CNN) — If you were wondering why your teenager was glued to video games this weekend, the answer may be the launch of Fortnite OG. In its biggest weekend ever, video game maker Epic Games launched Fortnite OG, bringing players back to some of the game’s original settings and

By Matt Egan, CNN New York (CNN) — Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system. The deposit delays are linked to a problem that emerged on Friday with the Automated Clearing House (ACH) payments system, causing headaches for consumers

By Clare Duffy, CNN New York (CNN) — Bumble founder Whitney Wolfe Herd is stepping down as chief executive after nearly a decade running the dating app company. Starting on January 2, Wolfe Herd will be succeeded by Lidiane Jones, a longtime tech executive who has been serving since December as the CEO of the

By Hanna Ziady, CNN London (CNN) — Ryanair will start paying regular dividends for the first time in its nearly 40-year history, as Europe’s largest airline reaps record profits off the back of booming demand for air travel and much higher ticket prices. The company, which also owns Polish airline Buzz and Austrian carrier Lauda,

By Anna Cooban, CNN London (CNN) — Brace yourselves. Jokes incoming. Elon Musk has announced the introduction of “Grok,” an artificially intelligent chatbot, for some users of X, which the billionaire suggests has a sarcastic sense of humor similar to his own. Musk, who has owned X — formerly known as Twitter — for a year,

By Laura He, CNN Hong Kong (CNN) — The world’s second largest economy is struggling to attract foreign companies and investments, despite Beijing’s efforts to address its myriad economic challenges, according to new data from China. A gauge of foreign direct investment (FDI) into China has slipped into the red for the first time since

By Michelle Toh, CNN Hong Kong (CNN) — Zhang Hongli, a former senior executive at Industrial and Commercial Bank of China (ICBC), is being probed by China’s top anti-corruption watchdog, in a sign of a continuing crackdown in the country’s financial sector. In a brief statement on Saturday, the Central Commission for Discipline Inspection (CCDI)

By Nicole Goodkind, CNN New York (CNN) — Harvard University, like many campuses across America, continues to struggle in its contention with hate speech, protests and unrest over the Israel-Hamas war. One of its most prominent donors said Harvard needs to take urgent action to fix the problem, or it could risk a massive donor

By Anna Bahney, CNN Washington, DC (CNN) — Using a travel agent to buy a plane ticket or a stockbroker to trade equities seem like relics of the past. And yet, every day, people across America hire a real estate agent to help them sell a home. It’s one of the few industries that has been

By Luciana Lopez, CNN New York (CNN) — The Washington Post on Saturday named news media veteran William Lewis as its new publisher and CEO at a critical time for the newspaper, as it contends with financial trouble, a rapidly shifting media environment and a looming presidential election. Lewis will assume the role on January

By Michelle Toh and Wayne Chang, CNN Hong Kong/Taipei (CNN) — Jensen Huang and Lisa Su have a lot in common. The chief executives of Nvidia (NVDA) and AMD (AMD) aren’t just two of the most powerful people in the global AI chip industry, they’re also family. The connection was first acknowledged by Su in

By David Goldman, CNN New York (CNN) — A deal to resolve film and television actors’ 113-day strike could be imminent, as the union representing them said it is reviewing Hollywood and TV studios’ final offer. The negotiating committee for the SAG-AFTRA union on Saturday said it received a “last, best and final offer” from

By Alicia Wallace, CNN (CNN) — Alphabet’s Google has scrapped a development deal to build $15 billion worth of homes, offices and retail space in California’s Silicon Valley. Google and Australian developer Lendlease “mutually reached” a decision to end their San Francisco Bay Project for four master-planned districts in the cities of San Jose, Sunnyvale

By Chris Isidore, CNN New York (CNN) — Members of the United Auto Workers union are back on the job at General Motors, Ford and Stellantis. But the union’s leadership is already planning for the next strike against the nation’s unionized automakers. And it wants the strike to be even larger next time. UAW President

By Krystal Hur and Parija Kavilanz, CNN New York (CNN) — Warren Buffett’s Berkshire Hathaway on Saturday reported a surge in third-quarter operating earnings and a record-high cash pile of $157 billion. Operating income totaled $10.8 billion, up from $7.7 billion, or a 40.6% increase from a year ago. Berkshire reported a net loss of

By Allison Morrow, CNN New York (CNN) — It took just under a year for Sam Bankman-Fried to go from crypto wunderkind to convicted felon. No one is happier about that than the professionals in the industry that made him, for a time, a rock star. When Bankman-Fried’s crypto empire collapsed last November, it sent