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CNN By Anna Cooban, CNN London (CNN) — The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN Monday that a lack of investment in the oil industry posed a danger to global energy security and could send crude prices to $100 a

By Laura He, CNN Hong Kong (CNN) — Stocks in Hong Kong sank the most since early June after trading resumed following a Chinese holiday, as worries mounted on China’s weak housing market, while investors were also concerned about persistently high US interest rates. The Hang Seng Index was down 3% on Tuesday morning, as

By Maxime Tamsett, CNN (CNN) — Florida’s minimum wage rose by one dollar Saturday to $12/hour. The increase is the result of a constitutional amendment approved by voters in 2020 to gradually raise the Sunshine state’s minimum wage to $15/hour by September 30, 2026. Florida’s minimum wage stood at $8.56/hour when voters approved the 2020

By Matt Egan, CNN New York (CNN) — The long-delayed and highly controversial deal to bring Truth Social and the Trump media empire to Wall Street has a new twist – the merger could get terminated by either party. Under an updated merger agreement, both parties in the deal will have the opportunity to kill

CNN By Matt Egan, CNN New York (CNN) — The long-delayed and highly controversial deal to bring Truth Social and the Trump media empire to Wall Street has a new twist – the merger could get terminated by either party. Under an updated merger agreement, both parties in the deal will have the opportunity to

By Samantha Murphy Kelly, CNN Business (CNN) — Apple is working on a software fix following reports that some of its new iPhone 15 models are overheating. The company told CNN the current overheating issues are not a safety risk and will not affect the long-term performance of impacted iPhone models. It also emphasized that

By Brian Fung, CNN (CNN) — Microsoft CEO Satya Nadella warned on Monday of a “nightmare” scenario for the internet if Google’s dominance in online search is allowed to continue, a situation, he said, that starts with searches on desktop and mobile but extends to the emerging battleground of artificial intelligence. Nadella testified on Monday

By Catherine Thorbecke, CNN (CNN) — If you hear a screeching alert go off on your cell phone – and everyone else’s cell phone – this Wednesday at 2:20 pm ET, don’t panic. The federal government said it will conduct on Wednesday afternoon a nationwide test of its Emergency Alert System and Wireless Emergency Alerts.

By Jordan Valinsky, CNN New York (CNN) — Comedian John Oliver returned to his HBO show “Last Week Tonight” on Sunday, becoming the latest late night host to air a new program following the end of the writers’ strike. “We missed so much that it would take a whole new version of Billy Joel’s ‘We

By Chris Isidore, CNN New York (CNN) — Tesla reported slower third quarter sales that fell short of Wall Street forecasts. The world’s largest electric car maker reported it delivered 435,000 vehicles in the period. That’s down 7% from the 466,000 deliveries in the second quarter. Analysts surveyed by FactSet Research had expected sales to

By Matt Egan, CNN New York (CNN) — Corporate America is breathing a sigh of relief after lawmakers narrowly avoided a chaotic shutdown of the federal government. Business leaders and economists had warned a shutdown would have hurt the economy by causing vast uncertainty, significant disruptions and hurting confidence. “While brinksmanship is never the answer,

By Anna Cooban, CNN London (CNN) — The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN Monday that a lack of investment in the oil industry posed a danger to global energy security and could send crude prices to $100 a barrel.

By Allison Morrow, CNN New York (CNN) — Eleven months ago, Sam Bankman-Fried was living in the Bahamas as a crypto superstar, running a celebrity-backed startup, surrounded by fans and friends who believed he was the real deal: An MIT math whiz. A visionary who ditched the Wall Street track to chart his own course.

By Paradise Afshar and Chris Isidore, CNN New York (CNN) — An 11th-hour tentative contract agreement reached between Mack Trucks and the United Auto Workers union late Sunday narrowly averted a strike by 3,900 employees at the company. “More details to come as members review the [tentative agreement],” UAW said on X, the platform formally

By Laura He, CNN Hong Kong (CNN) — A return to growth in China’s manufacturing sector and a boom in travel during the annual “Golden Week” holiday is fueling hopes that the economy could be regaining momentum after a major slowdown this year. China’s official manufacturing purchasing managers’ index (PMI) rose to 50.2 from 49.7

CNN, KCRA, KCAL, KCBS By Eva Rothenberg, CNN (CNN) — A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with the company, setting the stage for the largest healthcare strike in US history on Wednesday. The Coalition of Kaiser Permanente Unions, which has

By Eva Rothenberg, CNN (CNN) — A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with the company, setting the stage for the largest healthcare strike in US history on Wednesday. The Coalition of Kaiser Permanente Unions, which has workers at hundreds of

By Eva Rothenberg, CNN (CNN) — Swiss multinational investment bank UBS says it is not aware of a probe by the US Department of Justice into suspected compliance-related missteps by its subsidiary Credit Suisse that reportedly allowed Russian clients to skirt sanctions. “The recent reporting on an alleged probe by the US Department of Justice

By Michael Nam, CNN Business (CNN) — The Atari home video game system took the late1970s and early 1980s by storm, complete with faux wood paneling and a classic joystick with a big red button. Rival systems eventually surpassed the video-game pioneer but its iconic status, and fans, remained. Atari has been working to rebuild

By Parija Kavilanz, CNN New York (CNN) — Lou Martins is angry, frustrated, and disappointed but not surprised that the first Target store to open in Manhattan — in his New York City neighborhood — is closing in October. Target this week cited large-scale theft and safety concerns for employees and customers for its decision

By Samantha Delouya, CNN (CNN) — A labor contract for thousands of unionized health care workers across five states and Washington, DC, is set to expire on Saturday at 11:59 pm PT, potentially triggering the largest health care strike in US history. More than 75,000 health care employees who work at hundreds of Kaiser Permanente

By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks violated federal labor law when it increased wages and offered new perks and benefits only to non-union employees, a National Labor Relations Board judge found Thursday. The decision is the latest in a series of NLRB rulings finding that Starbucks has violated labor law in its

By Ramishah Maruf, CNN New York (CNN) — Toys “R” Us stores are making another comeback — this time it’s at airports and cruise ships. WHP Global, the toy store’s parent company, announced an expansion of up to 24 flagship stores, as well as opening stores at airports and cruise ships. Aptly named the “air,

CNN By Matt Egan New York (CNN Business) — Treasury Secretary Janet Yellen will warn Congress in a speech later Friday morning that a government shutdown would be “dangerous and unnecessary” because it would undermine the American economy and disrupt key government functions. The comments, shared first with CNN, represent the strongest warning to date

By Matt Egan New York (CNN Business) — Treasury Secretary Janet Yellen will warn Congress in a speech later Friday morning that a government shutdown would be “dangerous and unnecessary” because it would undermine the American economy and disrupt key government functions. The comments, shared first with CNN, represent the strongest warning to date from

By Jordan Valinsky, CNN New York (CNN) — Torrential rain affecting most of New York City is having an effect on area air travel. The Federal Aviation Administration has issued a ground stop for New York’s LaGuardia airport, holding departing flights because of flooding and heavy rain. As of 12:30 pm ET, there are about

By Chris Isidore, CNN New York (CNN) — The United Auto Workers union is expanding its strike to one additional assembly plant each at Ford and General Motors, but said progress in talks at Stellantis was keeping the union from expanding picket lines there. UAW President Shawn Fain said the new facilities that will go

By Chris Liakos and Martin Goillandeau, CNN Paris (CNN) — French billionaire Bernard Arnault and Russian Oligarch Nikolai Sarkisov are under “preliminary investigation” for their alleged involvement in “transactions likely to constitute money-laundering offences,” the Paris Public Prosecutor’s Office told CNN. The Prosecutor’s Office confirmed earlier reporting from French publication Le Monde. As the subject

By Samantha Delouya, CNN Los Angeles (CNN) — Tens of thousands of unionized health care workers are set to walk off the job starting Wednesday if contract negotiations with their employer, Kaiser Permanente, fall through this weekend. Here are five things to know about the potential strike: This would be the largest ever health care

Analysis by Hanna Ziady, CNN London (CNN) — In 1913, Henry Ford’s moving assembly line transformed carmaking. Ford’s groundbreaking innovation drastically reduced the time it took to assemble a car, enabling mass production and slashing vehicle prices. More than a century later, carmaking is undergoing a similarly seismic shift. Only this time, Ford Motor Company

By Simone McCarthy (CNN) — Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found. Russia has an extra 150,000 shipping containers that importers are scrambling to return to China, logistics platform Container xChange said in a report

By Ramishah Maruf, CNN New York (CNN) — Wall Street Journal reporter Evan Gershkovich remains “defiant” six months after he was detained in Russia on spying charges, which he and the Journal strenuously deny, his mother told CNN’s Anderson Cooper Thursday night. “He’s smiling. He understands what’s going on,” Ella Milman said. “And I have

CNN By Ramishah Maruf, CNN New York (CNN) — Wall Street Journal reporter Evan Gershkovich remains “defiant” six months after he was detained in Russia on spying charges, which he and the Journal strenuously deny, his mother told CNN’s Anderson Cooper Thursday night. “He’s smiling. He understands what’s going on,” Ella Milman said. “And I

By Peter Valdes-Dapena, CNN (CNN) — The United States government’s Equal Employment Opportunity Commission sued Tesla Thursday alleging the automaker allowed repeated and overt displays of racism toward Black employees in its Fremont, California, factory. Racist slurs were allegedly used often by non-Black employees when speaking to Black employees at the factory, according to the

By Danielle Wiener-Bronner, Natasha Chen and Jack Hannah, CNN New York (CNN) — California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers. Amid chants of “when we fight, we win” from fast food employees and Service Employees International Union members in Los Angeles, California,

By Bryan Mena and Elisabeth Buchwald, CNN (CNN) — The Federal Reserve on Thursday admonished Tanner Winterhof, a former executive at VisionBank of Iowa, for allegedly falsifying documents, causing the bank to endure major losses. Despite VisionBank terminating him last year, Winterhof still managed to get another job at a bank. According to the Fed,

By Berry Wang and Jessie Yeung, CNN Hong Kong (CNN) — Artists across China are boycotting one of the country’s biggest social media platforms over complaints about its AI image generation tool. The controversy began in August when an illustrator who goes by the name Snow Fish accused the privately owned social media site Xiaohongshu

By Clare Duffy, CNN (CNN) — Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as it attempts to reverse what CEO Tim Sweeney called “unrealistic” spending. In a letter to employees Thursday, Sweeney said the video game company had been “spending way

By Jordan Valinsky, CNN Business New York (CNN) — Taylor Swift is so powerful that people are willing to pay for New York Jets tickets. News that the star is rumored to be attending this Sunday’s game to see Kansas City Chiefs star Travis Kelce has sent prices soaring more than 40% — from $83

By Brian Fung, CNN Washington (CNN) — Yelp is suing Texas to ensure it can continue to tell users that crisis pregnancy centers listed on its site do not provide abortions or abortion referrals, opening a new front in the fight between states and the tech industry over abortion restrictions. In a complaint filed Wednesday

By Jordan Valinsky, CNN New York (CNN) — Peloton and Lululemon, former foes, are teaming up together. The fitness companies announced a five-year “strategic global partnership,” which involves Lululemon ditching its Mirror fitness hardware and Peloton reducing production of its private-label line of fitness clothing. Financial terms of the deal weren’t disclosed. Beginning next month,

By Brian Fung, CNN Washington (CNN) — An antitrust lawsuit from 17 states and the Federal Trade Commission this week against Amazon represents the US government’s biggest regulatory challenge yet against the e-commerce juggernaut. The landmark case targets Amazon’s retail platform, alleging that it’s harmed shoppers and sellers alike on a massive scale. Through an

By Nathaniel Meyersohn, CNN New York (CNN) — The auto industry has announced more than $100 billion in electric car investments, creating more than 100,000 American jobs. A second Donald Trump presidency could derail the push. Despite Former President Donald Trump’s claims at a Detroit rally Wednesday that EVs are “too expensive” and “don’t go

By Danielle Wiener-Bronner, CNN New York (CNN) — The Department of Labor is investigating meat and chicken processors Perdue and Tyson Foods following a New York Times magazine report of minors working at their facilities. Earlier this year, the federal government committed to ratcheting up efforts to root out child labor law violations. “There are

By Laura He and Mark Thompson, CNN Hong Kong/London (CNN) — Embattled Chinese developer Evergrande Group said Thursday that Chinese authorities suspected its chairman of “crimes” and that shares in the company would remain suspended until further notice. Trading in the shares of Evergrande and two subsidiaries was halted in Hong Kong earlier Thursday, stoking

By Jon Passantino, CNN (CNN) — Striking actors and the Hollywood studios will resume negotiations on a new labor contract on Monday, SAG-AFTRA, the actors’ union, said Wednesday, the same day writers ended their own strike in the entertainment industry. Several executives from the Alliance of Motion Picture and Television Producers member companies will be

By Samantha Delouya, CNN (CNN) — Uber is getting a new chief financial officer. The rideshare company announced Wednesday that Prashanth Mahendra-Rajah, the CFO of semiconductor company Analog Devices, will step into the role at Uber on November 13. “I’m confident he’ll be able to help us deliver even more innovation and efficiency as we

By Ramishah Maruf, CNN New York (CNN) — Delta CEO Ed Bastian said the company probably went “too far” in its controversial changes to the SkyMiles loyalty program and said there are plans for modifications. “We need to make certain that we can serve our higher tiers with the level of premium experience that you

By Brian Fung, CNN (CNN) — The White House plans to introduce a highly anticipated executive order in the coming weeks dealing with artificial intelligence, President Joe Biden said Wednesday. “This fall, I’m going to take executive action, and my administration is going to continue to work with bipartisan legislation,” Biden said, “so America leads

By Ramishah Maruf, CNN New York (CNN) — PlayStation boss Jim Ryan is stepping down from the company, Sony announced Wednesday. The Sony Interactive Entertainment President and CEO will be retiring in March 2024 after 30 years in the PlayStation business. Sony Group Corporation president, COO and CFO Hiroki Totoki will assume the role of

By Jennifer Korn, CNN New York (CNN) — Meta is moving forward in its efforts to dominate the AR world with the new and improved Meta Quest 3. Unveiled by CEO Mark Zuckerberg at the company’s virtual Meta Connect event Wednesday, the headset starts at $500 and is a complete redesign of earlier models. The

By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — The United Auto Workers union is preparing to announce a possible expansion of its strike against General Motors, Stellantis and maybe Ford this Friday if there isn’t more progress in talks, a union source familiar with plans said Wednesday. UAW President Shawn Fain is set

By Chris Isidore, CNN New York (CNN) — Donald Trump arrives in Michigan Wednesday with a lot more support among blue collar union members than a lot of Republican presidential candidates before him. But his record as president is decidedly anti-union. “I want a future that protects American labor, not foreign labor,” he said at

By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations, is the latest signal that retailers may be struggling in their battle to contain a growing and dangerous problem. Industry experts say even a small increase in crime can

CNN By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations is the latest signal that retailers may be struggling in their battle to contain a growing and dangerous problem. Industry experts say even a small increase in crime

By Tom Foster (CNN) — Californian EV-maker Lucid has opened the first ever car manufacturing plant in Saudi Arabia, as the kingdom looks to establish itself as a global player in the EV race. Lucid officially opened the plant in King Abdullah Economic City, near Jeddah, on Wednesday. The factory — the company’s first international

By Claudia Colliva, Chris Liakos and Olesya Dmitracova, CNN Paris/London (CNN) — Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. The savings for motorists at the pump? $1 to $2 per tank. “From September

By Anna Cooban, CNN London (CNN) — London’s office market has plunged into a “rental recession,” with the share of empty space hitting its highest level in three decades, investment bank Jefferies said in a note Wednesday. The New York-based firm said vacancies in the City of London, the UK capital’s historic financial district, accounted

By Hanna Ziady, CNN London (CNN) — Shares of UBS plunged Wednesday following a Bloomberg report that the Swiss bank faces a widening probe by the US Department of Justice (DOJ) over suspected compliance failures that allowed Russian clients to evade sanctions. The Swiss Stock Exchange said it had temporarily stopped trade in the stock,

By Laura He, CNN Hong Kong (CNN) — Shares of Evergrande Group crashed again on Wednesday as fears grew of a potential liquidation of the company, the poster child of China’s property crisis. The embattled developer’s stock closed down 19% at 32 Hong Kong cents (4 US cents), putting its market cap at just 4.2

By Laura Paddison, CNN (CNN) — The British government approved the development of a huge oil and gas field in the North Sea Wednesday, sealing its commitment to keep producing fossil fuels for decades to come. The Rosebank field, situated northwest of Shetland in Scotland and majority-owned by Norwegian state-owned energy company Equinor, is the

By Taylor Romine, CNN (CNN) — The Culinary Workers Union Local 226 and Bartenders Union Local 165 voted Tuesday to authorize a strike, they said in a post on X, formerly known as Twitter. Members voted 95% in favor of a strike authorization in Las Vegas, the unions said. The union leadership is now authorized

By Mitchell McCluskey and Jamiel Lynch, CNN (CNN) — The Baltimore Police Department has announced an arrest warrant for a suspect wanted for the murder of Pava LaPere, the 26-year-old CEO of startup EcoMap Technologies, who was found dead in a downtown Baltimore apartment Monday with signs of blunt-force trauma to her head. Police are