CNN – Business/Consumer

By Chris Isidore, CNN New York (CNN) — American drivers are still in love with big, gas-burning trucks and SUVs, and automakers are as eager ever to build them – even as US electric vehicle sales continue to climb. Although traditional automakers have pledged to invest tens of billions of dollars to transition to EVs

By Juliana Liu, CNN Hong Kong (CNN) — Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The benchmark Nikkei 225 closed 1.2% higher, bouncing back from losses of 2.5% earlier in the session, following fresh

By Peter Valdes-Dapena, CNN (CNN) — More than a year after Hyundai and Kia released new anti-theft software updates, thefts of vehicles with the new software are falling — even as thefts overall remain astoundingly high, according to a new analysis of insurance claim data. The automakers released the updates starting last February, after a tenfold

By Clare Duffy and Ramishah Maruf, CNN New York (CNN) — Elon Musk’s X has accused a group of major advertisers of antitrust violations in a new lawsuit claiming the group conspired to “boycott” advertising on the platform. The lawsuit claims an influential ad industry group organized “to collectively withhold billions of dollars in advertising

By Ramishah Maruf, CNN New York (CNN) — Microsoft on Tuesday blamed Delta Air Lines for its weeklong bout of cancelations last month, claiming its aging technology caused the airline to recover far slower from the global tech outage than its rivals. Microsoft also claimed Delta turned down help after the CrowdStrike bug led to

By Samantha Delouya, CNN (CNN) — Disney’s streaming services are about to get more expensive. On Tuesday, the media company announced price hikes across the board for Disney+, Hulu, and ESPN+. It comes in a deeply uncertain environment for media companies, which face rapidly changing consumer behavior, rising costs of doing business, a revitalized labor

By Liam Reilly, CNN New York (CNN) — Charles Barkley isn’t ready to retire just yet. TNT Sports and the NBA hall of famer announced Tuesday that they had reaffirmed a long-term commitment as the network’s parent company, Warner Bros. Discovery, battles to retain its NBA broadcast rights. While Barkley, co-host of TNT’s “Inside the

By Clare Duffy, CNN New York (CNN) — It’s only Tuesday, but it’s already been a rough week for the tech world. A tech sell-off on Monday, spurred by disappointing earnings, helped to drag down wider markets. The “Magnificent Seven” tech stocks ultimately lost $615.6 billion in value on Monday, according to data from S&P

By Ramishah Maruf, CNN New York (CNN) — Fast food giant Yum Brands is going all in on value — but only Taco Bell is performing well enough to immediately bring back inflation-weary customers. Temporary store closings in the Middle East, Malaysia and Indonesia due to the Israel-Hamas war, “in addition to a more cost-conscious

By Ramishah Maruf, CNN New York (CNN) — “White Dudes for Harris” said its X account was labeled as spam just a week after it had been locked and then reinstated on the Elon Musk-owned platform. Musk has publicly endorsed Harris’ opponent, Donald Trump. A leader of the political organizing group for Kamala Harris claims there

By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Workers on the Boeing 737 Max that lost a door plug on a January flight told federal safety investigators that they felt pressure to do their jobs too fast to avoid mistakes, according to testimony released Tuesday at the start of a two-day investigative hearing.

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 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 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