Money
6 unboring hybrid cars
By Peter Valdes-Dapena, CNN (CNN) — For years, it seemed like electric cars were the hot new thing, and hybrid cars were just a boring half-step.…
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Should you use a credit card or debit card this holiday season? 5 savvy tips for smart shoppers
With the holiday season in full swing, TD Bank breaks down five important things to consider when deciding whether to use a credit card or debit card…
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Scooter sharing company Bird files for bankruptcy
By Peter Valdes-Dapena, CNN New York (CNN) — Bird, a company that operates scooter- and bicycle-sharing operations globally, filed for…
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Harvard president’s corrections do not address her clearest instances of plagiarism, including as a student in the 1990s
By Em Steck, CNN (CNN) — Harvard President Claudine Gay recently requested corrections for two of her academic papers, but she did not…
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Tinder expands offering of invite-only $499 monthly membership
By Jennifer Korn, CNN (CNN) — Tinder is now offering users a highly exclusive $499 monthly subscription option, but only if they receive a…
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Tinder expands offering of invite-only $499 monthly membership
CNN By Jennifer Korn, CNN (CNN) — Tinder is now offering users a highly exclusive $499 monthly subscription option, but only if they receive a…
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Ikea facing delays, disruption due to Red Sea attacks
By Catherine Thorbecke, CNN New York (CNN) — Ikea says it is expecting delays and possible availability constraints for certain products as a…
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Here are the 11 most consequential media and technology figures of 2023 — and the six losers
2023 was a year of titanic change in the…
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Dunkin’ is eliminating a plant-based milk from its menus
Dunkin’ is eliminating coconut milk from its menus less than three years after the chain added the plant-based dairy alternative as an option for…
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TikTok parent ByteDance says it’s using OpenAI technology to test its own AI models
By Laura He, CNN Hong Kong (CNN) — Chinese tech giant ByteDance says it is using OpenAI’s technology “to a very limited extent” to help…
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SiriusXM sued for allegedly trapping customers in unwanted subscriptions
By Jordan Valinsky, CNN New York (CNN) — SiriusXM is the target of a lawsuit from the New York attorney general’s office accusing the…
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Recession fears are starting to fade for Americans
By Alicia Wallace, CNN New York (CNN) — A strong job market and a sturdy business climate have left Americans feeling quite jolly this…
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Hermes billionaire wants to bequeath fortune to his former gardener
By Hanna Ziady, CNN London (CNN) — A descendant of Europe’s richest family has reportedly begun a process to adopt his middle-aged former…
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Pornhub among X-rated sites falling under Europe’s strict new law for online content
By Anna Cooban, CNN London (CNN) — The European Union is wielding its sweeping new rules for big online platforms in order to crack down on…
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A major trend holding back Wall Street could reverse itself in 2024
By Nicole Goodkind, CNN New York (CNN) — Dealmaking is the bread and butter of Wall Street — but by some accounts this has been the worst…
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Maker of popular gift cards sued over alleged ‘card draining’ scam risk
By Olivia LaBorde and Parija Kavilanz, CNN New York (CNN) — A Georgia-based company that makes many popular gift cards faces a lawsuit in…
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Southwest, pilots reach tentative agreement for contract worth $12 billion
By Samantha Delouya, CNN (CNN) — After three years of negotiating, Southwest Airlines and the union representing the airline’s pilots reached…
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OpenAI says board has final say on safety of new AI models as it plans to curb ‘catastrophic risks’
By Catherine Thorbecke, CNN New York (CNN) — OpenAI has laid out plans to prevent any worst-case scenarios that could arise out of the powerful…
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Here’s why the Fed thinks it can cut rates in 2024
On Wall Street, interest rate cuts have recently become less a question of if, but rather,…
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Owe back taxes? The IRS will start sending you reminders again, but may offer you penalty relief
The Internal Revenue Service on Tuesday announced it will resume mailing automated reminders of past due taxes to those who owe back taxes, something…
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Controversial social media site Parler to return in 2024
By Jennifer Korn, CNN (CNN) — The controversial social media platform Parler says it’s planning a comeback after shuttering in April…
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The United States is producing more oil than any country in history
By Matt Egan, CNN New York (CNN) — As the world grapples with the existential crisis of climate change, environmental activists want President…
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Growing bipartisan opposition to US Steel purchase by Japanese might not be enough to block deal
By Matt Egan and Chris Isidore, CNN New York (CNN) — Bipartisan opposition is growing to the proposed $14.1 billion acquisition of US Steel by…
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Here's why Americans spend nearly 4 times more money gambling at casinos than in the lottery
ATS.io used Bureau of Economic Analysis data to capture the differences in gambling patterns among American casino-goers and lottery…
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Buttigieg warns bad weather may impact holiday travel
By Pete Muntean, CNN New York (CNN) — Transportation Secretary Pete Buttigieg is warning that bad weather could disrupt holiday air travel.…
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4 charts that show how interest rates impact used car affordability
CoPilot breaks down how interest rates are impacting used car prices in four easy-to-grasp…
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Like car prices, the annual cost of car ownership is also up
The General crunched Bureau of Labor Statistics data to determine how much the cost of owning a car has risen since…
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Google users will share $630 million in a Play store settlement
Google has agreed to pay $700 million and allow more competition in its Play app store, according to the terms of an antitrust settlement with US…
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These all-American brands aren’t actually American
US Steel was once the pride and joy of the United States and the most valuable company in the entire…
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Home building surged in November as mortgage rates came down
The annual pace of new home construction surged last month amid a historic shortage of housing inventory and falling mortgage…
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Christmas trees have gotten a lot less real in recent decades, in charts
Next to those stockings hung by the chimney with care, it appears more likely than ever that the trimmed tree will be, well,…
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The Powerball jackpot has climbed to $572 million ahead of Wednesday’s drawing
When the next Powerball numbers are drawn Wednesday evening, a lucky lottery player somewhere in the country could head into the holidays with a $572…
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US senators propose tough fines for AI-driven securities fraud or market manipulation
By Brian Fung, CNN Washington (CNN) — Businesses could face steep penalties for using deepfakes or other artificial intelligence tools to…
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Christmas trees have gotten a lot less real in recent decades, in charts
CNN By Tori Morales, CNN (CNN) — Next to those stockings hung by the chimney with care, it appears more likely than ever that the trimmed tree…
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The 17 most transformative media moments of 2023
It’s been a hell of a…
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Meta removed two Israel-Hamas videos unnecessarily, Oversight Board says
By Clare Duffy, CNN New York (CNN) — Facebook-parent Meta’s automated tools to police potentially harmful content unnecessarily removed two…
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America may have done the impossible: Avoid a recession
By Elisabeth Buchwald and David Goldman, CNN New York (CNN) — For the past couple years, all the smart money was on a US recession taking place…
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Where the battle to dominate AI may be won
By Brian Fung, CNN Washington, D.C. (CNN) — When you fire up an artificial intelligence chatbot like Google’s Bard or OpenAI’s ChatGPT,…
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Tesla challenger Nio gets $2.2 billion investment from Abu Dhabi’s CYVN
By Juliana Liu, CNN Hong Kong (CNN) — Chinese electric vehicle (EV) maker Nio has secured $2.2 billion in investment from CYVN Holdings of Abu…
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Driverless vehicle startup offers rides in Arizona retirement community
By Jennifer Korn, CNN (CNN) — Autonomous vehicle startup May Mobility announced its first fully driverless ride service Monday, offering…
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From powerhouse to afterthought: US Steel, once a symbol of America’s economic might, set to be sold to Japanese rival
By Chris Isidore, CNN New York (CNN) — The days may be numbered for an independent, American-owned, US Steel, a one-time backbone of the…
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Class action lawsuit alleging discrimination filed against Navy Federal after CNN exclusive report
By Rene Marsh, Casey Tolan and Audrey Ash, CNN (CNN) — The largest credit union in the US is facing new scrutiny over racial disparities in its…
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Digital media startup Puck launches sports vertical, poaching veteran journalist John Ourand
By Oliver Darcy, CNN New York (CNN) — Puck is stepping into the sports arena. The buzzy digital subscription publication that offers readers an…
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Nikola founder Trevor Milton sentenced to four years in prison for defrauding investors
By Eva Rothenberg, CNN New York (CNN) — Nikola founder Trevor Milton was sentenced Monday to four years in prison for lying to investors about…
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Southwest hit by record $140 million fine for holiday service meltdown in 2022
CNN By Pete Muntean and Chris Isidore, CNN Washington (CNN) — The federal government is fining Southwest Airlines $140 million for last…
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As mortgage rates fall, homebuilders are feeling good about the housing market again
Homebuilder confidence improved in December as mortgage rates continued to fall, according to the National Association of Home Builders/Wells Fargo…
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Goldman Sachs lowers its 2024 oil price forecast by 12% due to bumper US output
Goldman Sachs has cut its forecast for the average oil price next year by 12%, citing abundant production in the United…
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Apple to halt sales of some Apple Watches in US
By Samantha Murphy Kelly, CNN New York (CNN) — Apple plans to stop selling some versions of the Apple Watch in the United States as soon as…
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Costco’s hottest item isn’t rotisserie chickens. It’s $2,000 gold bars
Would you like a $2,000 gold bar at Costco with your $4.99 rotisserie…
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Railroads want US Customs to immediately reopen rail crossings at the southern border
By Matt Egan, CNN New York (CNN) — The rail industry is demanding the Biden administration immediately allow trains to cross the southern…
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‘Wonka’ hits the sweet spot, tops box office on opening weekend
“Wonka,” the whimsical origin story of the fictional chocolatier, secured the top spot in domestic theaters this weekend with an estimated $39…
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Four tips to save on real estate commissions
Real estate agents’ fees are always negotiable. But it doesn’t always feel that way to the homeseller, who typically pays the…
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US homelessness hits highest level as rents have soared
As housing in the US has become increasingly unaffordable over the past few years, the number of people experiencing homelessness surged to its…
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Crypto heavyweights amass $78 million for industry super PAC
By Allison Morrow, CNN New York (CNN) — The crypto industry, ready to turn the page on 2023 and all the Sam Bankman-Fried-related drama that…
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Elon Musk’s X faces new EU probe over illicit content
By Brian Fung, CNN (CNN) — The European Union has opened a formal investigation into X over its content moderation practices, a probe that…
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Vans, North Face owner said a cyberattack is disrupting its ability to fulfill orders
By Jordan Valinsky, CNN New York (CNN) — A cyberattack last week at VF Corp., which owns a number of clothing brands including the North Face,…
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Oil and gas prices surge as BP stops Red Sea shipments following Houthi attacks
By Hanna Ziady, CNN London (CNN) — Oil and natural gas prices rose sharply Monday after BP (BP) said it would pause all shipments through the…
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US Steel, once the world’s largest corporation, agrees to sell itself to a Japanese company
By Chris Isidore, CNN New York (CNN) — US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal.…
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Foxconn makes most of the world’s iPhones. Now its CEO wants to make EVs
By Peter Valdes-Dapena, CNN (CNN) — Certainly, Young Liu has heard the auto industry cliche that modern vehicles are “iPhones on wheels.”…
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Southwest hit by record $140 million fine for holiday service meltdown in 2022
By Pete Muntean and Chris Isidore, CNN Washington (CNN) — The federal government is fining Southwest Airlines $140 million for last year’s…
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Uber is joining the S&P 500. Here’s what that means
By Nicole Goodkind, CNN New York (CNN) — Shares of ride-hailing app Uber reached a new 52-week high last week as the San Francisco-based firm…
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Teamsters authorize February strike at Anheuser-Busch
By Chris Isidore and Jordan Valinsky, CNN New York (CNN) — About 5,000 Teamsters working at Anheuser-Busch voted overwhelmingly to authorize a…
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Coworkers split $50,000 after boss gives them lottery tickets for Christmas
By Sarah Engel, CNN (CNN) — Christmas came early for 21 Kentucky coworkers whose boss bought them lottery scratch-off tickets as a last-minute…
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Mistakes at work happen. For pharmacists, it can end their career
By Nicole Goodkind, CNN New York (CNN) — It’s every pharmacist’s worst fear: To come home from a busy day at work and realize that they…
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Greyhound bus stops are valuable assets. Here’s who’s cashing in on them
By Nathaniel Meyersohn, CNN New York (CNN) — You can’t get here from there. That’s the increasing problem facing around 60 million people…
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Quaker Oats recalls dozens of products over foodborne illness risk
By Eva Rothenberg, CNN New York (CNN) — Quaker Oats on Friday recalled more than 40 granola bar and cereal products because they could be…
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TikTok is pushing longer videos. Some creators worry about the vibe shift
CNN By Clare Duffy, CNN New York (CNN) — When TikTok took off in 2020 — with short dancing or comedy clips providing much-needed…
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TikTok is pushing longer videos. Some creators worry about the vibe shift
By Clare Duffy, CNN New York (CNN) — When TikTok took off in 2020 — with short dancing or comedy clips providing much-needed entertainment to…
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Claudine Gay: Harvard president’s tumultuous months in the spotlight
By Eva Rothenberg, CNN New York (CNN) — In the past two and half months, Harvard University President Claudine Gay has faced an onslaught of…
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The 4-day workweek was a longshot. The UAW isn’t giving up
By Chris Isidore, CNN New York (CNN) — Of all the bargaining goals set out by the United Auto Workers union in the just completed talks, none…
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We asked GPT-4 and Chinese rival ERNIE the same questions. Here’s how they answered
By Michelle Toh and Nectar Gan, CNN Hong Kong (CNN) — ERNIE Bot 4.0, run by Chinese tech giant Baidu, is touted to be in the same league as…
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Harvard President Claudine Gay corrects two scholarly articles following allegations of plagiarism
By Sabrina Souza and Matt Egan, CNN (CNN) — Harvard President Claudine Gay submitted corrections to two scholarly articles published in 2001…
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Here’s why ‘eggflation’ might be coming back soon
A bird flu resurgence sent egg prices through the roof this past year – and it could happen again next…
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Harvard early applications fall 17% to four-year lows
By Matt Egan and Laura Dolan, CNN (CNN) — Early applications at Harvard declined by 17% to four-year lows, according to figures released…
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Consumer bureau orders debt collection agency to shut down for illegal practices
By Jeanne Sahadi, CNN New York (CNN) — The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt…
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Lufthansa Group to resume flights to Tel Aviv beginning January 2024
By Alex Hardie, CNN (CNN) — The Lufthansa Group plans to resume flights to Tel Aviv beginning January 8, 2024, nearly three months after it…
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Biden’s top economist bets on soft landing as recession fears fade
By Matt Egan, CNN New York (CNN) — President Joe Biden’s top economic adviser sounds increasingly confident that the American economy will…
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Southwest CEO promises not to ruin the holidays with another travel meltdown
By Jordan Valinsky, CNN New York (CNN) — With millions of people expected to fly in the coming days, Southwest Airlines is vowing there won’t…
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Global coal demand set to fall as China uses more renewables
By Anna Cooban, CNN London (CNN) — Global coal demand is likely to have peaked this year, and could drop by about 2% over the next three years…
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Prince Harry was victim of ‘extensive’ phone hacking, UK High Court rules
By Caitlin Danaher and Lauren Said-Moorhouse, CNN London (CNN) — The Duke of Sussex was awarded £140,600 ($179,000) on Friday after the UK…
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Beijing is trying hard to ward off a slowdown, but data continues to disappoint
By Juliana Liu, CNN Hong Kong (CNN) — This week, Chinese authorities across the board intensified efforts to boost growth, but those attempts…
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Elon Musk is funding a new school planning to open in Austin, Texas
By Clare Duffy, CNN New York (CNN) — Associates of Elon Musk are planning to launch a new primary and secondary school, and ultimately a…
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Shein sued by rival Temu for alleged ‘mafia-style intimidation’
By Samantha Delouya, CNN (CNN) — Fast-fashion retailer Shein has been hit with a lawsuit by rival Temu, alleging the company has used…
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General Motors to cut 1,300 workers across two factories
By Krystal Hur and Octavio Blanco, CNN New York (CNN) — General Motors will lay off about 1,300 workers from two of its Michigan plants,…
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AI is a danger to the financial system, regulators warn for the first time
By Matt Egan, CNN New York (CNN) — Top federal regulators are warning for the first time that the use of artificial intelligence poses a risk…
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Former Facebook employee pleads guilty to stealing $4 million
By Olivia LaBorde, CNN (CNN) — An Atlanta woman pleaded guilty to stealing more than $4 million from Facebook while she was an executive at…
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GM self-driving arm Cruise is laying off 24% of its workforce
By Catherine Thorbecke, CNN (CNN) — General Motors’ beleaguered self-driving car subsidiary Cruise said Thursday that it was laying off…
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WeightWatchers launches a new membership for Ozempic customers
By Nathaniel Meyersohn, CNN New York (CNN) — WeightWatchers is accelerating its pivot away from a diet culture brand and into a company…
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Rural communities still at a disadvantage when competing for government grants
The Daily Yonder dives into why, despite efforts by the Biden Administration to level the playing field for low-capacity communities, applying for…
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To punish UPenn over antisemitism, Pennsylvania House Republicans block vet school funding
By Matt Egan and Danny Freeman, CNN New York (CNN) — To punish the University of Pennsylvania for its response to antisemitism, Pennsylvania…
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Mortgage rates drop under 7% for the first time since August
By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates fell under 7% for the first time since mid-August this week. It is the seventh…
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US retail sales rebound
Spending at US retailers rebounded in November after declining in October, pointing to the continued resilience of the US consumer and a strong start…
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What the Fed’s looming rate cuts would mean for you
For almost two years now, the story of the economy and markets has been all about runaway inflation and central banks’ historic attempts to reverse…
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The battle for the future of Disney just got serious
By Krystal Hur, CNN New York (CNN) — A powerful activist investor is escalating his battle over the future of Disney in a long-simmering feud…
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Why Shohei Ohtani, baseball’s best player, will barely make more than some of the worst MLB players
By Matt Egan, CNN New York (CNN) — Baseball superstar Shohei Ohtani just inked a monster contract with a unique structure that will surely make…
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Pope calls for treaty regulating AI, warning of potential for ‘technological dictatorship’
By Christopher Lamb, CNN (CNN) — Pope Francis has called for an international treaty to regulate the use of Artificial Intelligence, warning…
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The nation’s largest credit union rejected more than half its Black conventional mortgage applicants
By Casey Tolan, Audrey Ash and Rene Marsh, CNN (CNN) — The largest credit union in the US has the widest disparity in mortgage approval rates…
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The nation’s largest credit union rejected more than half its Black conventional mortgage applicants
CNN By Casey Tolan, Audrey Ash and Rene Marsh, CNN (CNN) — The largest credit union in the US has the widest disparity in mortgage approval…
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Volkswagen is losing the electric car race to Tesla and China
Analysis by Hanna Ziady, CNN London (CNN) — When Volkswagen mapped out its electric future in 2019, it was the world’s biggest carmaker, with…
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