CNN – Business/Consumer

By Juliana Liu, CNN Hong Kong (CNN) — A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on Thursday. ICBC Financial Services, which

By Chris Isidore, CNN New York (CNN) — General Motors, Stellantis and Ford have closed dozens of US plants since the beginning of this century. Only a handful have ever been brought back to life. Now the United Auto Workers union can add one more. That’s why US President Joe Biden attended a UAW rally

By Michelle Toh and Mengchen Zhang, CNN Hong Kong/Beijing (CNN) — Huawei has launched a new electric vehicle (EV) that is designed to take on Elon Musk’s Tesla. The Chinese tech giant began taking preorders of the Luxeed S7, its first sedan, on Thursday. Previously, it had sold SUVs. The car, which has developed with

By Oliver Darcy, CNN (CNN) — Four news organizations strongly denied on Thursday having had prior knowledge of Hamas’ Oct. 7 terror attack, after the Israeli government demanded answers from the press and stoked questions about their credibility over a thinly sourced report from an agenda-driven media monitoring group that insinuated news organizations knew about the

By Danielle Wiener-Bronner, CNN New York (CNN) — Julia Galliker learned out of the blue that there was a problem with milk carton supplies. The milk that goes in the cartons was perfectly fine. The problem is with the packaging its sold in: Namely, there’s suddenly not enough of it. For Galliker, executive vice president

By Samantha Murphy Kelly, CNN (CNN) — OpenAI said recent outages of its viral ChatGPT chatbot could be caused by targeted attacks on its servers. The company wrote on its website Wednesday evening it is “dealing with periodic outages due to an abnormal traffic pattern reflective of a DDoS attack.” A DDoS attack, or distributed

By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve Chair Jerome Powell is leaving the door open for additional interest rate hikes to defeat inflation, he said Thursday. “We know that ongoing progress toward our 2% goal is not assured: Inflation has given us a few head fakes,” Powell said at a conference hosted

By Jordan Valinsky, CNN New York (CNN) — Ticket and hotel room prices are falling sharply in Las Vegas as the gambling mecca preps to host its first Formula 1 Grand Prix race in four decades next week. Excitement has “started to fizzle” in recent weeks with a “big factor” being that driver Max Verstappen

By Vanessa Yurkevich, CNN New York (CNN) — Bangladesh has been gripped by violent protests for two weeks, as thousands of garment workers take to the streets to demand better wages for the country’s four million garment workers. Protesters clashed with police — resulting in the deaths of three workers. Unions there say police have

By Liam Reilly, CNN (CNN) — Vice Media, the one-time digital media darling that has seen its value and influence greatly diminish in recent years, moved on Thursday to further hollow out its once prestigious news division, shutting down several shows and laying off dozens of staffers. “To be clear, Vice News is not going

By Clare Duffy, CNN New York (CNN) — The Trevor Project, a suicide prevention organization for LGBTQ+ youth, is quitting social media site X, saying Thursday it is concerned about “increasing hate & vitriol on the platform targeting the LGBTQ community — the group we exist to serve.” “If you’d like to keep up with

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates tumbled this week in the biggest one-week drop since last November. It’s the second straight week that rates have fallen, after rising for seven consecutive weeks. The 30-year fixed-rate mortgage fell to an average of 7.50% in the week ending November 9, down from 7.76% the week before,

By Oliver Darcy, CNN (CNN) — Jezebel, the punchy feminist blog with an outsized influence on internet culture, will suspend operations and lay off its staff effective immediately, its parent company G/O Media said Thursday as it announced broader restructuring in its portfolio of digital news outlets. Jim Spanfeller, chief executive of G/O Media, said

By Chris Isidore, CNN New York (CNN) — The Culinary union has reached a deal with MGM Resorts International covering 25,400 members, averting a strike at eight casinos that had been set to start Friday. The deal, announced in a tweet by the union, comes a day after a similar deal was reached with Caesars

By Alicia Wallace, CNN Minneapolis (CNN) — Ohio certainly wasn’t the first state to legalize recreational cannabis — 23 other states have done so since 2012 — but the Buckeye State’s arrival on that list could ultimately be quite consequential for the growing industry. Ohio voters’ approval of a legalization measure on Tuesday comes just

By Reuters (CNN) — Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas major filed the claim in London’s High Court. Greenpeace activists boarded the vessel in January near

By Oliver Darcy, CNN (CNN) — Around 5pm ET on Wednesday, the heads of the major Hollywood studios went to the actors’ union with a not so subtle ask: Let us know by 8pm ET whether or not you accept the deal we have put on the table to end the strike. For more than

By Michelle Toh, CNN Hong Kong (CNN) — Consumer prices in China fell more than expected last month, sliding the country back into deflation and renewing concerns about the strength of the world’s second largest economy. The country’s National Bureau of Statistics (NBS) said Thursday that the consumer price index (CPI) edged down 0.2% in

By Laura He, CNN Hong Kong (CNN) — China’s wobbly economy has affected the world’s largest annual shopping event, and companies have launched an aggressive price war to woo customers. The Singles Day festival, also known as “Double 11,” was created by Alibaba in 2009 and has turned into a weeks-long shopping bonanza in China.

By Veronica Calderon, CNNE (CNN) — Apple co-founder Steve Wozniak was hospitalized in Mexico City on Wednesday, a source from the organizers of the World Business Forum (WBF), an event he attended in the country’s capital, told CNN En Español. The source said Wozniak, 73, was taken to the hospital at 3 p.m. local time after fainting