CNN – Business/Consumer

By Laura He, Juliana Liu and Anna Cooban, CNN Hong Kong/London (CNN) — Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a patchy recovery on global markets. The benchmark Nikkei 225 index finished 10% higher and the broader Topix closed around 9% up. Elsewhere in Asia,

By Brian Fung and Clare Duffy, CNN New York (CNN) — Google has violated US antitrust law with its search business, a federal judge ruled Monday, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online and to upend decades of dominance. “After having carefully

By Hadas Gold, Oliver Darcy and Liam Reilly, CNN New York (CNN) — Bloomberg News dismissed a reporter and took disciplinary action against other staffers Monday after the outlet broke a news embargo last week on the release of several American prisoners held by Russia, including Wall Street Journal reporter Evan Gershkovich. In a memo

By Ramishah Maruf, CNN New York (CNN) — Elon Musk filed a new lawsuit against OpenAI and CEO Sam Altman Monday, re-opening a legal battle in his fights over artificial intelligence. Musk — who co-founded OpenAI in 2015 — sued the company in February, accusing the ChatGPT maker of abandoning its original nonprofit mission by

By Ramishah Maruf, CNN New York (CNN) — CrowdStrike fired back at Delta after the airline’s CEO lashed out at the cybersecurity firm for computer problems that he said cost Delta $500 million. CrowdStrike claimed Delta would have to explain its own IT shortcomings in any litigation, and that it ignored CrowdStrike’s offers of assistance.

By Allison Morrow, CNN New York (CNN) — The Biden-Harris administration couldn’t shake the “vibecession” even when the economy was on a tear. It may be even harder now that cracks are forming in the labor market. Americans have been grumpy about the economy for the better part of three years because prices have gone

By Chris Isidore, CNN New York (CNN) — The public already knows a lot about the January 5 Alaska Airlines flight that had a door plug blow out of the side of a Boeing 737 Max as it approached 16,000 feet. We’re potentially about to find out a lot more. The incident left a gaping

By Samantha Delouya, CNN (CNN) — After years of saving, Jordyn Carias and her partner purchased a home for the first time last month. To find a place that didn’t break the bank, she said, they had to go smaller. “We had a lot of things we wanted in our first home, but after looking

By Laura He, Marc Stewart and Mark Thompson, CNN Hong Kong/London (CNN) — Japanese stocks suffered their biggest ever daily loss Monday as fears about a US economic slowdown sent shock waves through global markets. The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, its biggest drop in history. The

By Peter Valdes-Dapena, CNN (CNN) — Sometimes, technology doesn’t fulfill its promise. But, other times, it isn’t the tech that let’s you down, it’s the people using it. So one electric vehicle charging company company is experimenting with cutting off people who linger, attempting to “fill ‘er up.” Recently, I drove a new Chevrolet Blazer

By Alicia Wallace, CNN (CNN) — When former President Donald Trump last week reasserted his unsubstantiated claim that immigrants are “taking Black jobs,” the phrasing once again became internet fodder. On social media, typically accompanied by the #blackjob or #blackjobs hashtags, people (including celebrities) shared their “Black job,” pushing back on perceived racial stereotypes and

By Robert Ilich, CNN (CNN) — Warren Buffett’s Berkshire Hathaway slashed its stake in tech giant Apple by nearly 50%, according to Berkshire’s second quarter earnings report released on Saturday. Berkshire Hathaway disclosed its holdings in Apple were valued at $84.2 billion at the end of the quarter, dropping from 790 million shares to 400

By Alicia Wallace, CNN Minneapolis (CNN) — For 90-plus years, the Parkway Theater has been a fixture in South Minneapolis, gathering generation after generation of patrons in front of its lone movie screen. Outside of its walls, the years brought plenty of change: wars, economic swings, social movements, a pandemic, technological innovations, and the rise

CNN By Bryan Mena, CNN New York (CNN) — America’s robust post-pandemic job market is teetering on the brink after a lousy July hiring report in which the unemployment rate shot up to 4.3%, a three-year high. The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high

By Bryan Mena, CNN New York (CNN) — America’s robust post-pandemic job market is teetering on the brink after a lousy July hiring report in which the unemployment rate shot up to 4.3%, a three-year high. The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high earlier

By Luciana Lopez and Ramishah Maruf, CNN (CNN) — The governor of Hawaii on Friday announced a $4 billion settlement to resolve lawsuits stemming from the wildfires that devastated Maui last year. Under the settlement, which must still be approved by the court, “the seven defendants will pay $4.037 billion to provide compensation to all

By Clare Duffy, CNN New York (CNN) — Google has pulled its controversial Olympics ad after critics blasted it for portraying what they called a bleak application of artificial intelligence. The ad showed a father using Google’s Gemini AI chatbot to help his daughter write a fan letter to US Olympic track star Sydney McLaughlin-Levrone.

By Clare Duffy, CNN New York (CNN) — TikTok has failed to stop children from joining the app and has unlawfully collected their personal data, the US Justice Department alleged in a lawsuit filed Friday. The lawsuit accuses TikTok and its parent company, ByteDance, of violating the Children’s Online Privacy Protection Act (COPPA) by allowing

CNN By Krystal Hur, CNN New York (CNN) — Stocks tumbled Friday as a disappointing jobs report added to fears that the US economy is weakening. The Dow closed 612 points, or 1.5%, lower, after falling more than 900 points earlier in the session. The S&P 500 lost 1.8% and the Nasdaq Composite declined 2.4%.

By Eva Rothenberg, CNN New York (CNN) — Chevron is moving its headquarters out of California, the company announced Friday. The oil giant said it would be relocating its corporate offices from San Ramon, where they have been since 2002, to Houston. This will be the first time Chevron will be headquartered outside of California

By Krystal Hur, CNN New York (CNN) — Stocks tumbled Friday as a disappointing jobs report added to fears that the US economy is weakening. The Dow closed 612 points, or 1.5%, lower, after falling more than 900 points earlier in the session. The S&P 500 lost 1.8% and the Nasdaq Composite declined 2.4%. The

By Clare Duffy, CNN New York (CNN) — There’s been one big question on the minds of Wall Streeters this tech earnings season: When will anyone start making actual money from artificial intelligence? In the 18 months since ChatGPT kicked off an AI arms race, tech giants have promised that the technology is poised to

By Alicia Wallace, CNN (CNN) — What a jarring way to start the month of August. Last month’s job growth was far, far softer than expected, and the unemployment rate shot to its highest level since October 2021, according to new data released Friday by the Bureau of Labor Statistics. July’s surprisingly low estimated employment

By Matt Egan, CNN New York (CNN) — Americans instantly zip billions of dollars a day to each other on Zelle and other payment apps to do everything from pay the babysitter to split restaurant bills. The speed and convenience of these payment platforms have simultaneously made them insanely popular and a magnet for con

By Laura He, CNN Hong Kong (CNN) — Japanese stocks plunged Friday as global markets were rattled by worries about the US economy and as traders braced for further interest rate hikes from the Bank of Japan. The Nikkei 225 ended 5.8% lower, the index’s biggest daily drop since March 2020. It extended a global

By Oliver Darcy, CNN New York (CNN) — Champagne bottles popped. Thunderous cheering filled the room. Smiles animated faces from corner to corner. When official word made its way to The Wall Street Journal newsroom that Evan Gershkovich had been released from Russian custody Thursday, unadulterated elation washed over the journalists who had taken part in

By Juliana Liu and CNN staff Hong Kong (CNN) — Online shopping site Temu has faced tough questions before about its business practices. Now it has a new problem: a backlash from independent merchants based in China who sell their products on the wildly popular rival to Amazon. Hundreds of them staged a demonstration this

By Ramishah Maruf, CNN New York (CNN) — A California judge threw out a jury verdict ordering the NFL to pay more than $4.7 billion for anti-trust violations surrounding its “Sunday Ticket” package, which lets fans watch games outside of their home markets but required them to buy access to a bundle of games to do

By Ramishah Maruf and Nathaniel Meyersohn, CNN New York (CNN) — Intel is slashing 15% of its staff as part of a $10 billion plan to reduce costs, the tech company announced in its second-quarter earnings Thursday. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way

CNN By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media fortune is shrinking. The value of Trump’s stake in the corporate owner of Truth Social has dropped by $900 million since Vice President Kamala Harris entered the race for the White House on July 21. Trump Media & Technology Group’s