CNN – Business/Consumer

By Anna Cooban, CNN (CNN) — Johnson & Johnson has set aside $5.5 billion to resolve tens of thousands of US lawsuits alleging that its talcum powder-based products caused ovarian cancer.The pharmaceutical giant has offered to pay plaintiffs up to $3 billion in 2027, with any remaining payouts made after 2028. It said in a

By David Goldman, CNN (CNN) — Boeing’s money pit of an Air Force One project just sank a little deeper.The company said it’s making a substantial effort to get the first of two presidential planes out the door – four years later and for billions of dollars more than initially promised.CEO Kelly Ortberg on Tuesday

By Lisa Eadicicco, CNN (CNN) — There are plenty of things you can lease: a car, an apartment or an office space, for example. Now you can add your next iPhone to that list.Apple is launching a new leasing program to make iPhones, Macs and other products feel more affordable at a time when electronics

By Jeanne Sahadi, CNN (CNN) — If you’ve spent your career in the private sector, chances are you won’t get a pension in retirement.Not having that steady paycheck can make retirees nervous about spending the money they’ve squirreled away, especially given that Social Security will replace only 40% of pre-retirement income on average.But there are

By Alicia Wallace, CNN (CNN) — AI is raising prices for Americans – and not just electricity bills.Major technological innovations carry the potential to transform economies by creating opportunities, jobs and even new industries while supercharging productivity and growth.However, that promise of longer-term gains often is preceded by short- and medium-term pain.In the case of

By Matt Egan, CNN New York (CNN) — The public is fed up with the high cost of living, and the Federal Reserve is once again under pressure to act.Kevin Warsh, the new Fed chairman, has vowed to get inflation back to 2%. Some investors suspect the Warsh-led Fed will show it’s serious about that

Reuters (Reuters) — The US Federal Aviation Administration said on Monday that seats on hundreds of Boeing BA.N 737 MAX jets registered in the US may require inspections in case they were incorrectly installed and needed to be fixed.If not, the seats could injure passengers and crew members during an emergency landing or block the

By Nathaniel Meyersohn, CNN New York (CNN) — The CEO of Cracker Barrel, who was “fired by America” after the public freaked out over its corporate redesign, is stepping down for real.Julie Masino will leave her role as CEO next month and stay on as a company advisor until October, Cracker Barrel said Monday. She’ll

By Bryan Mena, CNN Washington (CNN) — Federal Reserve officials have sent mixed signals on the path of interest rates as inflation concerns have intensified, fueling uncertainty about the outlook for the US economy.Policymakers will have a chance to clarify their thinking this week when they convene for their latest rate-setting meeting.Inflation slowed sharply in

By Lisa Eadicicco, CNN (CNN) — Picture this: On a normal workday, you and your coworkers walk around the office with tiny recorders clipped to your clothes. The glasses on your face nearly instantly identify what you see. Your bracelet records and analyzes all your conversations.This is the future tech companies envision in the age

By Ramishah Maruf, CNN New York (CNN) — They see them rolling, but maybe they won’t be hating.Millennial parents are changing their minds about the minivan. A TikTok video shows off lounge-style chairs with built-in ottomans and 14-inch screens in the back of a Kia Carnival. Another proudly shows off a Toyota Sienna, proclaiming “18

By Alicia Wallace, CNN Hopkins, Minnesota (CNN) — It’s a breezy, 80-degree sunny day on Mainstreet here and, stretching down the block, there’s a line of people waiting to pick up pints of ice cream they ordered for about $15 a pop.Then again, it could be a blustery, below-freezing winter day on Mainstreet here, and

By Brian Stelter, CNN (CNN) — Paramount says its takeover of CNN’s parent company, Warner Bros. Discovery, will be delayed for many months, and potentially well into 2027, due to pending lawsuits by state attorneys general and the Writers Guild of America.Paramount said in a Friday afternoon court filing that it has agreed not to

By Brian Stelter, CNN (CNN) — Friday’s rescheduled White House Correspondents’ Dinner will be smaller and a bit more sober than the gala that was marred by gun violence last April.It will be held at a different hotel at a different time of the year. But the same rifts between Trump and the press will

By Chris Isidore, CNN (CNN) — United Airlines is getting rid of some of its middle seats, the bane of any airline passenger.Last week, the airline announced it will block out two of the middle seats in the “economy plus” section of a new jet debuting this fall. That will give adjoining passengers a bit

By Anna Cooban, Hanna Ziady, CNN London (CNN) — Volkswagen took a sizeable knock to its profits during the second quarter as it considers cutting tens of thousands of jobs – part of its attempt to better compete against its Chinese rivals.The German automaker said it made €3.5 billion ($4 billion) in operating profit in

By Stephanie Yang, Yoonjung Seo, CNN Seoul (CNN) — The AI gold rush is minting new fortunes, but the ex-wife of one of South Korea’s biggest tech titans has failed to win a greater share of his wealth as his company’s stock price has soared.In another twist in the long-running divorce case that’s captivated the

By John Liu, CNN Hong Kong (CNN) — Remember DeepSeek? The Chinese artificial intelligence startup that rattled the US tech industry with its model that nearly matched leading rivals, trained at a fraction of the cost?China may have done it again.The latest Chinese AI model making waves was developed by a lesser-known startup called Moonshot

By Elisabeth Buchwald, John Liu, CNN (CNN) — Dozens of America’s trading partners, from Europe to China to India, now face new tariffs of 10% to 12.5% on goods shipped to the United States, according to the office of the US Trade Representative.The tariffs, announced Thursday, went into effect Friday morning. Goods from the 60

By Hadas Gold, CNN (CNN) — When biologists experiment on dangerous viruses, they do so under strict regulations to prevent leaks or escapes.But no such rules exist to prevent AI agents from similarly escaping – even though the consequences could be catastrophic.That’s not a theoretical concern: An OpenAI test model escaped its test environment this

By Brian Stelter, Nina Giraldo, CNN (CNN) — The federal government says it will drop its subpoenas compelling New York Times reporters to testify about anonymous sources in a case that involved President Donald Trump’s claims about a Qatari-gifted Air Force One jet.The withdrawal came on Thursday at the end of a hearing in the

By Tami Luhby, CNN (CNN) — A growing number of Amazon and gig economy workers earn so little that they rely on public assistance to put food on the table and obtain health coverage, a Government Accountability Office study released Wednesday found.The number of Amazon employees receiving food stamps and Medicaid in September nearly tripled

By Alicia Wallace, CNN (CNN) — New applications for unemployment benefits haven’t been this low since 1969, fresh data showed Thursday.The number of first-time filings for unemployment benefits tumbled last week by 22,000 to an estimated 187,000 claims, marking the lowest seasonally adjusted tally since September 1969, according to the Department of Labor.Jobless claims data

By John Towfighi, CNN New York (CNN) — Rising oil prices, persistent inflation fears and shifting expectations for rate hikes are rattling the world’s largest bond market, sending Treasury yields higher and pushing up borrowing costs for consumers.The 10-year US Treasury yield on Thursday rose four basis points, to 4.71%, its highest level since January

By Nathaniel Meyersohn, CNN New York (CNN) — I knew when I emailed the Equinox manager complaining about the hulking, rarely used Nautilus machine that my gym obsession had gotten out of hand.“Since most people use that floor space for functional and strength training, would you guys be able to find another home for the

By Hanna Ziady, CNN London (CNN) — The European Union has fined Google €890 million ($1 billion) for breaching rules designed to promote competition in digital services, the first time the company has been penalized under the bloc’s landmark Digital Markets Act (DMA).The fines highlight Europe’s resolve to rein in the power of Big Tech,

By Elisabeth Buchwald, Annette Choi, CNN (CNN) — If at first you don’t succeed, try, try again. That’s exactly what President Donald Trump is doing with tariffs.After the Supreme Court struck down his most sweeping import levies in February, the Trump administration has scrambled to find legal pathways to restore them. It has leaned on

By Allison Morrow, CNN New York (CNN) — The most popular trade on Wall Street for the past couple of years has been a simple one: Buy Big Tech and ride the AI wave.But a more contrarian (and risky) strategy is making a comeback: short selling, or betting that a stock will go down.Shorts are

By Clare Duffy, CNN New York (CNN) — Meta will avoid trial in a second lawsuit accusing it of intentionally addicting and harming a teen. The plaintiff dropped the case on Wednesday, days before trial was set to begin.A Florida teenager going by his initials, R.K.C., sued Meta, TikTok, YouTube and Snap in 2023, alleging

By Elisabeth Buchwald, CNN (CNN) — Taco Bell’s business has taken a major hit after lettuce served at the chain was linked to the cyclospora outbreak. To win back wary customers, the company is now offering enchiritos and regular nacho fries for $1 each — items sans lettuce.The one-day-only deal announced Wednesday follows a slump