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By Oliver Darcy, CNN (CNN) — The White House denounced Fox News on Friday, blasting the right-wing network for “standing up on behalf of hate” after one of its hosts attacked the Jewish heritage of two CNN anchors over their coverage of the Israel-Hamas war. “Not only is Fox News aligning with those who fan

By Anna Cooban, CNN London (CNN) — The United Kingdom’s competition watchdog has wrapped up its antitrust investigations into Amazon’s and Meta’s retail platforms, saying it has secured commitments from the US tech giants that will ultimately benefit consumers. The Competition and Markets Authority (CMA) announced Friday that it had accepted voluntary pledges to “protect

By Aimee Look Abu Dhabi (CNN) — Saudi Arabia’s economy has jolted into reverse, after the world’s largest crude oil exporter slashed output to prop up prices. Saudi gross domestic product, the broadest measure of its economy, shrunk 4.5% year-over-year in the third quarter of 2023, the country’s official statistics agency said this week. That’s

By Jordan Valinsky, CNN New York (CNN) — Jeff Bezos is leaving the city where it all began for him. The Amazon founder announced on Instagram that he’s relocating from Seattle, where he has lived since 1994, to Miami. He explained that his parents recently moved back to Florida, where he and his family lived

By Jordan Valinsky and Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried was found guilty Thursday following a monthlong trial that was almost as wild as the rapid rise and fall of cryptocurrency exchange FTX itself. He was found guilty of stealing billions of dollars from accounts belonging to customers of FTX. He was also found

By Matt Egan, CNN New York (CNN) — Maayan Cohen was on a flight from Tel Aviv to Las Vegas when she learned through a text that a terror attack was unfolding in Israel. After delivering a speech at a tech conference in Vegas, the Israeli-American CEO of health company Hello Heart hopped on a

By Laura He, Yong Xiong and Wayne Chang, CNN Hong Kong (CNN) — Young people used Halloween parades on the streets of China’s richest city this week to dress up in costumes protesting the country’s economic problems that were underscored by a record spike in borrowing costs for some banks. Thousands of revellers in Shanghai

By Samantha Delouya and Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried, once known as a cryptocurrency whiz kid, was found guilty on Thursday for his role in the collapse of the cryptocurrency exchange FTX. If given the maximum sentence, the 31-year-old former billionaire will go to prison for the rest of his life.

By Taylor Romine, CNN (CNN) — The Culinary Workers Union Local 226 and Bartenders Union Local 165 will strike on November 10 at 5 am PT if a contract is not agreed by then, they said in a news release Thursday. Thirty-five thousand workers would strike across 18 casino resorts on the Las Vegas Strip if a five-year

By Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried was found guilty on Thursday for his role in the collapse of crypto exchange FTX. After 15 days of testimony and about four and a half hours of deliberations, jurors returned a verdict that found him guilty on seven counts of fraud and conspiracy. Bankman-Fried

By Chris Isidore, CNN New York (CNN) — The first United Auto Workers union vote by rank-and-file members was 82% in favor of the tentative labor deal that ended the union’s strike at Ford last week, an early sign that the recent labor deals will be able to get the membership support they need. The

By Samantha Delouya, CNN New York (CNN) — As prescriptions for weight-loss and diabetes drugs skyrocket, so too has revenue for drugmakers Novo Nordisk and Eli Lilly. On Thursday, Novo Nordisk, the Denmark-based company behind Ozempic and Wegovy, reported a 29% increase in sales to $8.4 billion for the third quarter. Eli Lilly, which makes

By Nicole Goodkind, CNN New York (CNN) — As financial pressures mount on Walgreens, the nation’s largest drugstore chain, the company said it will cancel bonuses this year for its corporate staff and slash bonuses sharply for its store and pharmacy managers. The cutback comes as the company contends with both disappointing quarterly earnings and

By Jennifer Korn, CNN (CNN) — Elon Musk declared artificial intelligence “one of the most disruptive forces in history” in a sit down conversation with British Prime Minister Rishi Sunak that dove into the dangers and opportunities of AI on Thursday, capping off the UK’s inaugural AI Safety Summit. “AI will be a force for

By Clare Duffy, CNN New York (CNN) — Apple on Thursday posted its fourth consecutive quarter of year-over-year sales declines as the iPhone maker continues to struggle with slower device sales amid an uncertain economic environment. The company reported $89.5 billion in sales for the three months ended September 30, down 1% from the same

By Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried’s fate is now officially in the hands of a jury of his peers. Over the past four weeks in a Manhattan federal court, the 12 jurors and five alternates have sat through more than 60 hours of testimony about the rise and fall of a

By Brian Fung, CNN Washington (CNN) — When the Federal Trade Commission and 17 states sued Amazon for antitrust violations this fall, a heavily redacted portion of the lawsuit referenced “Project Nessie,” a secret algorithmic pricing tool. The complaint offered few details on the program aside from disclosing its existence. Now, however, a newly unsealed

By Nathaniel Meyersohn, CNN New York (CNN) — Retailers are projecting slower growth this holiday shopping season as inflation, higher borrowing costs, and the resumption of student loan repayments cause many consumers to pull back. Holiday sales will increase by up to 4% this year, not adjusted for inflation, the National Retail Federation said Thursday

By Anna Bahney, CNN Washington, DC (CNN) — Bob Goldberg, chief executive officer of the National Association of Realtors, the nation’s largest trade association, is stepping down, the organization announced Thursday. Earlier this week a federal jury in Missouri found NAR and two brokerages conspired to keep real estate agent commissions artificially high and determined

By Jeanne Sahadi, CNN New York (CNN) — For those who are able or wish to, you will be allowed to sock away even more money into a 401(k) or IRA next year. The IRS this week announced it was raising the 401(k) contribution limit to $23,000, up from $22,500 currently. For anyone 50 or

By Matt Egan, CNN New York (CNN) — Some of the nation’s most powerful law firms are warning America’s elite universities to crack down on antisemitism on campus – or the schools and their students will face real consequences. “Over the last several weeks, we have been alarmed at reports of anti-Semitic harassment, vandalism and

By Danielle Wiener-Bronner, CNN New York (CNN) — Extra shots, cold foam, oat milk and sugary syrups — coffee snobs might turn their noses up at Starbucks’ custom, often wildly indulgent, lattes and cappuccinos. But they’re turning into big business for the company. High-priced lattes and customized drinks helped lift the coffee chain’s US sales

By Liam Reilly , CNN New York (CNN) — HBO chief executive Casey Bloys apologized Thursday for directing staff to anonymously fire back at TV critics online, calling it a “very dumb idea.” On Wednesday, Rolling Stone published a report that cited text messages obtained as part of a lawsuit filed by former HBO executive assistant Sully Temori that showed Bloys asking

By Oliver Darcy, CNN (CNN) — News organizations are assuming a more aggressive posture toward Israel Defense Forces as it escalates its military operations in the Gaza Strip. While civilian deaths mount and the humanitarian crisis grows more severe in the Palestinian territory, spokespersons for Israel’s military are being confronted by anchors on live television,

By Hanna Ziady, CNN London (CNN) — The Bank of England downgraded its forecasts for UK economic growth Thursday and kept interest rates unchanged, even as it warned that the Israel-Hamas war could push up energy prices and inflation won’t return to target for another two years. The central bank now expects gross domestic product

CNN By Donie O’Sullivan and Allison Gordon, CNN (CNN) — False claims that President Joe Biden fell asleep during a moment of silence for victims of the Maui wildfire. A conspiracy theory that the latest surge in Covid-19 cases is being orchestrated by the Democratic Party ahead of the election. An obituary for a late NBA player that

By Donie O’Sullivan and Allison Gordon, CNN (CNN) — False claims that President Joe Biden fell asleep during a moment of silence for victims of the Maui wildfire. A conspiracy theory that the latest surge in Covid-19 cases is being orchestrated by the Democratic Party ahead of the election. An obituary for a late NBA player that described

By Catherine Thorbecke, CNN New York (CNN) — Thousands of rideshare drivers in New York may be eligible to receive significant back pay from Uber and Lyft as part of a settlement announced by the state attorney general on Thursday. New York Attorney General Letitia James announced two settlement funds totaling $328 million with rideshare

By Simone McCarthy, CNN Hong Kong (CNN) — Beijing has clarified that Israel remains marked on official maps issued by Chinese authorities after questions emerged over why the country’s name was not visible on online maps provided by two major Chinese companies. The country name “Israel” does not currently appear on maps on popular mobile

By Danielle Wiener-Bronner, CNN New York (CNN) — Thinking of skimping on a DoorDash tip? Do so at your own risk, warns a message being tested by the food delivery provider. If you try to place an order through the DoorDash app without leaving a tip, you may get this pop-up: “Orders with no tip

By Matt Egan, CNN New York (CNN) — Senate Majority Leader Chuck Schumer, Sen. Elizabeth Warren and nearly two dozen other Democrats are demanding federal regulators probe the mega takeovers inked last month by ExxonMobil and Chevron. In a letter on Wednesday to the Federal Trade Commission, the lawmakers warned the blockbuster Big Oil deals

By Brian Fung, CNN (CNN) — Meta will soon be forced to seek European users’ consent before using their personal information to deliver those users targeted advertisements on Facebook and Instagram. A European Union-wide ban announced Wednesday dealing with Meta’s handling of user data proposes blanket restrictions which could be finalized as soon as late

By Matt Egan, CNN New York (CNN) — University of Pennsylvania President Liz Magill, facing a backlash from donors calling for her to resign, launched a new effort on Wednesday to fight antisemitism at the Ivy League school. The moves amount to the most comprehensive response to date by Magill to address a crisis gripping

By Jordan Valinsky, CNN (CNN) — Charles Schwab has laid off about 5% to 6% of its employees, amounting to roughly 2,000 people, as it looks to cut costs. A Schwab spokesperson said these “were hard but necessary steps to ensure Schwab remains highly competitive, with industry-leading levels of efficiency, well into the future.” The

By Samantha Murphy Kelly, CNN (CNN) — During an Apple product launch the night before Halloween, Apple CEO Tim Cook – wearing all black at its Cupertino, California-based headquarters – introduced the next phase of Mac computers which hint at a more AI- driven future. The focus of the event, which featured the tagline “scary fast,” was

By Allison Morrow and Sabrina Souza, CNN New York (CNN) — Attorneys gave their closing arguments Wednesday to the jurors who will decide Sam Bankman-Fried’s fate, offering two diametrically different versions of the collapse of his crypto empire. US Assistant Attorney Nicholas Roos presented the government’s view that Bankman-Fried is guilty of stealing money and

By Nathaniel Meyersohn, CNN New York (CNN) — The United Auto Workers hopes the significant wage and benefit gains in tentative agreements with Ford, General Motors and Stellantis, the parent of Jeep and Chrysler, will spark unionization efforts throughout the US auto industry. But the UAW’s ambitious plans to organize Tesla and other non-union automakers

By Brian Fung, CNN Washington, DC (CNN) — Online dating giant Match Group has dropped a closely watched antitrust lawsuit against Google’s app store, the two companies said Tuesday, days before a trial set to begin in San Francisco federal court. The settlement between the search giant and the owner of sites such as Match,

By Jordan Valinsky, CNN New York (CNN) — Magnolia Bakery’s famous banana pudding is being whipped up in a new version that triggers elation in a different kind of way. The New York City–based dessert maker is transforming some of its famous treats into THC-infused edibles, including its banana pudding and red velvet cake. The

By Oliver Darcy, CNN (CNN) — A top news media trade group is calling out A.I. technology companies for scraping news material to train their chatbots. The News Media Alliance, which represents nearly 2,000 outlets in the U.S., published research Tuesday that found developers of generative artificial intelligence systems, such as OpenAI and Google, “have

By Hanna Ziady, CNN London (CNN) — WeWork’s shares plunged 37% in pre-market trading Wednesday, following news reports that the beleaguered company plans to file for bankruptcy as early as next week as its losses mount. The SoftBank-backed flexible workspace provider is considering filing for Chapter 11 bankruptcy protection in New Jersey, the Wall Street

By Michelle Toh, CNN Hong Kong (CNN) — Warren Buffett’s decision to invest billions of dollars into Japan was “a no-brainer” that felt like a gift from God, according to his business partner. “It was awfully easy money,” Charlie Munger, Buffett’s longtime lieutenant and vice chair of Berkshire Hathaway (BRKA), said in an interview with

By Elisabeth Buchwald, CNN Washington, DC (CNN) — A Missouri jury on Tuesday found the National Association of Realtors, a real estate industry trade group, and some residential brokerages liable for nearly $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high. The lawsuit covered home sales that took

By Jeanne Sahadi, CNN New York (CNN) — As part of its ongoing effort to make it easier for Americans to amass retirement savings and protect consumers from having to pay “junk” fees, the Biden Administration on Tuesday released a proposed rule that would require any financial adviser, broker or insurance agent who sells retirement

The longest US auto strike in 25 years is nearly over. Maybe.

By Peter Valdes-Dapena, CNN (CNN) — Fiat, the Italian car brand best known in the United States for its tiny, retro-styled cars, is putting its name on an apartment building across the river from Manhattan. While Fiat isn’t the first car company to put its name on a residential tower, it’s a branding exercise more

By Catherine Thorbecke, CNN New York (CNN) — Bill Gates’ former assistant at Microsoft is now the fifth-richest person in the world, per Bloomberg’s tally, and only one spot behind Gates on the real-time list of the world’s richest people. Steve Ballmer, who joined Microsoft as its 24th-ever employee in 1980, has seen his wealth

By Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried has stepped down from the stand, after four days of testimony in his criminal fraud trial. “That concludes the presentation of evidence in this case,” Judge Lewis Kaplan announced just after noon ET on Tuesday as he sent the jury home from the Manhattan court.

By Hanna Ziady, CNN London (CNN) — The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank slightly in the third quarter. Gross domestic product across the 20 countries that use the euro fell 0.1% in the July-to-September quarter compared with the previous three months, according

By Hanna Ziady and Chris Isidore, CNN London (CNN) — Historic strikes by autoworkers in North America reduced revenue at Stellantis €3 billion ($3.2 billion), the company said Tuesday, but it added that the strike and the cost of new labor contracts won’t stop it from hitting its profit target for the year. The company

CNN By Jennifer Korn and Paul Glader, CNN (CNN) — When technology firm OpenAI ousted its CEO Sam Altman last week with little warning and less explanation, it set off shockwaves throughout Silicon Valley and beyond. Late Tuesday, in a complete reversal, he rejoined the controversial firm he had helped found, effectively bouncing from the

By Samantha Kelly, CNN New York (CNN) — Sam Altman thinks the technology underpinning his company’s most famous product could bring about the end of human civilization. In May, OpenAI CEO Sam Altman filed into a Senate subcommittee hearing room in Washington, DC, with an urgent plea to lawmakers: Create thoughtful regulations that embrace the

By Laura He, CNN Hong Kong (CNN) — China’s massive manufacturing sector has contracted once again amid weak demand, fueling calls for stronger policy support to boost growth. The official manufacturing Purchasing Managers’ Index (PMI) dropped to 49.5 in October from 50.2 in September, according to China’s National Bureau of Statistics (NBS) on Tuesday. That

By Juliana Liu, CNN Hong Kong (CNN) — Canada has banned Chinese super-app WeChat on official government devices citing cybersecurity risks, following similar action taken against short-form video app TikTok earlier this year. The latest ban, announced on Monday and effective the same day, was also imposed on applications from Kaspersky Lab, a Russian maker

By Oliver Darcy, CNN (CNN) — It appears the actors’ strike is approaching its final scene. SAG-AFTRA, the union that represents more than 150,000 Hollywood actors, and the AMPTP, the trade group that represents the major studios, have made significant progress in negotiating sessions in recent days, arriving at tentative understandings on key components of a

By Liam Reilly, CNN (CNN) — A New York judge on Monday shut down an attempt by Fox News to subpoena George Soros, the Jewish billionaire and frequent target of far-right conspiracy theories, and search for additional links between him and Smartmatic, a voting technology company at the center of false election claims during the 2020 election. Manhattan Supreme Court Justice David B. Cohen

By Allison Morrow and Lucy Bayly, CNN New York (CNN) — Prosecutors grilled former crypto king Sam Bankman-Fried on Monday as his criminal fraud trial entered its third week. He stands accused of orchestrating a multibillion-dollar fraud in a seismic event that has left the industry reeling. While prosecutors have cast SBF as a Bernie

CNN By Matt Egan, CNN New York (CNN) — Leon Cooperman, the hedge fund billionaire who has famously clashed with Sen. Elizabeth Warren over her proposed wealth tax, is cautioning voters against returning Donald Trump to the White House. “It would be terrible for the country if Donald Trump were reelected,” Cooperman told CNN in

By Matt Egan, CNN New York (CNN) — Leon Cooperman, the hedge fund billionaire who has famously clashed with Sen. Elizabeth Warren over her proposed wealth tax, is cautioning voters against returning Donald Trump to the White House. “It would be terrible for the country if Donald Trump were reelected,” Cooperman told CNN in a

By Nicole Goodkind and Eva Rothenberg, CNN New York (CNN) — Employees at some of the largest drugstore chains in the United States staged a new series of walkouts across the country Monday to demand the companies fix what employees say are harsh working conditions that make it difficult for them to safely fill prescriptions,

By Samantha Murphy Kelly, CNN (CNN) — Instagram and Facebook users in Europe now have a choice to opt out of targeted ads if they pay for a monthly subscription. Parent company Meta (META) announced Monday that users in the European Union, as well as Iceland, Liechtenstein, Norway and Switzerland, could purchase a monthly plan

By Brian Fung, CNN Washington (CNN) — Google CEO Sundar Pichai took the stand Monday to defend the search giant in the largest tech antitrust trial since the Microsoft case of the 1990s, marking a climactic moment in the US government’s weeks-long effort to prove that Google has illegally monopolized the online search market. Pichai, whom Google

By Vanessa Yurkevich and Chris Isidore, CNN New York (CNN) — General Motors and the United Auto Workers union have come to a tentative agreement, the union and company announced Monday afternoon, just two days after the union expanded the strike at America’s largest automaker. The tentative deal could bring an end to the union’s

By Matt Egan, CNN New York (CNN) — At a moment of elevated geopolitical danger, Treasury Secretary Janet Yellen plans to deliver a major speech on Thursday mapping out the Biden administration’s economic gameplan toward the increasingly volatile Indo-Pacific region, CNN has learned. The speech will mark the first time the Biden administration has outlined

By Jordan Valinsky, CNN New York (CNN) — Former NBA star and investor Magic Johnson is officially a billionaire, becoming the fourth athlete to earn that title, according to Forbes. Johnson, 64, is worth about $1.2 billion, the publication calculated, with most of his wealth stemming from his majority ownership of EquiTrust insurance company. It’s

By Anna Cooban, CNN London (CNN) — Oil prices fell again Monday as concerns about the health of the global economy outweighed fears that Israel’s move on the weekend to expand its military operations in Gaza could lead to a regional conflict. Brent crude, the global oil benchmark, fell 1.6% to $89 a barrel, and

CNN By Anna Cooban, CNN London (CNN) — Oil prices fell again Monday as concerns about the health of the global economy outweighed fears that Israel’s move on the weekend to expand its military operations in Gaza could lead to a regional conflict. Brent crude, the global oil benchmark, fell 1.6% to $89 a barrel,

By Hanna Ziady, CNN London (CNN) — Output in Germany fell in the third quarter, official data showed Monday, increasing the risk of a recession in Europe’s biggest economy. Gross domestic product dropped 0.1% in the July-to-September period compared with the previous quarter, when it grew 0.1%, according to Germany’s Federal Statistical Office (Destatis). A

By Michelle Toh, CNN Hong Kong (CNN) — HSBC warned Monday that China’s property market has “potential for a further deterioration” as it reported profits that fell short of expectations, partly because of a $500 million charge to cover potential losses on commercial real estate loans. Third quarter pre-tax profit at Europe’s biggest bank more

By Samantha Murphy Kelly, CNN (CNN) — Apple is set to host its second product event of the season, a month after introducing its new iPhone 15 lineup. The event, which is online-only, will kick off on Monday at 8:00 p.m. ET/5:00 p.m. PT, an unusually late start-time for Apple keynotes. Some analysts said the

By Elisabeth Buchwald, CNN New York (CNN) — If you want to aggravate the US bond market, just remind traders how high the nation’s budget deficit is. The latest tally from the Treasury Department for the fiscal year that ended September 30 put the deficit at $1.7 trillion. But it’s effectively even higher — around

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The United Auto Workers union came to a tenative agreement with Stellantis Saturday. But it expanded the strike against General Motors, America’s largest automaker and the last remaining Big Three holdout, dashing hopes it was close to ending the last remaining auto strike. The

By Nathaniel Meyersohn, CNN New York (CNN) — A small slice of pavement is sparking a turf war in US cities. You probably don’t think much about street curbs. But they are some of cities’ most valuable and busy real estate. There are a slew of users and uses that compete for curb space. Pedestrians

By Eva Rothenberg, CNN New York (CNN) — Dozens of men have filed a class action lawsuit alleging Abercrombie & Fitch was complicit in a decade-long sex trafficking scheme carried out by the fashion company’s former CEO. According to the complaint filed Friday in federal court in New York, Michael Jeffries, who ran the company between

By Allison Morrow and Lucy Bayly, CNN New York (CNN) — Former crypto billionaire Sam Bankman-Fried took the stand in front of a judge and jury last week in his criminal fraud trial. If convicted on all seven fraud counts he faces, the 31-year-old could spend the rest of his life in prison. Prosecutors claim

By Clare Duffy, Gabrielle Smith and Brian Fung, CNN New York (CNN) — You’d be forgiven for failing to remember every twist and turn — every controversial post, weird office update, legal threat and policy rollout (and, sometimes, rollback) — that took place during Elon Musk’s first year owning Twitter. Since Musk closed his $44

By Brian Fung, CNN Washington, DC (CNN) — A federal judge in California hinted Friday that Google, Meta, Snap and TikTok could very likely have to face allegations by consumers that the social media companies harmed young Americans’ mental health with addictive features built into their respective platforms — and that Big Tech’s signature liability