CNN – Business/Consumer

By Liam Reilly, CNN New York (CNN) — “Inside the NBA” host Charles Barkley on Friday condemned the NBA’s rejection of a matching offer from TNT’s parent company to broadcast the league’s games for the next decade, blasting the NBA for prioritizing “money over the fans.” In a statement posted on his Instagram account, Barkley wrote,

By Krystal Hur, CNN New York (CNN) — Wall Street is undergoing a palpable vibe shift. Strong corporate earnings have helped stocks notch repeated record highs in 2024, despite stubborn inflation forcing investors to dial down their expectations for how many times the Fed will cut rates this year. But cooling inflation data in recent

By Allison Morrow, CNN New York (CNN) — Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. The Department of Justice said Left, the founder of Citron Research, “exploited his ability to move stock

By Anna Cooban, CNN London (CNN) — The head of one of the world’s biggest hedge funds says artificial intelligence systems are unlikely to replace traders anytime soon. London-based Man Group, whose assets under management hit an all-time high of $178.2 billion during the first six months of the year, makes its money by charging

By Alicia Wallace, CNN (CNN) — Yet another favorable piece of economic data shows that price hikes are slowing and that long-unruly inflation appears to be tamed. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — slowed to 2.5% for the 12

By Alicia Wallace and Alex Leeds Matthews, CNN (CNN) — The City of Lights will be in the spotlight for the next few weeks as Paris serves as center stage to incredible performances and achievements of the human body, mind and spirit. However, hosting the Olympic and Paralympic Games has become an extraordinary feat in

By Matt Egan, CNN New York (CNN) — LinkedIn co-founder Reid Hoffman is throwing his financial firepower behind Vice President Kamala Harris. Hoffman, who has donated $7 million to the leading pro-Biden and Harris super PAC, told CNN he’s “redoubling” efforts to support the campaign and has “great hope” that Harris will become the United

By Samantha Delouya, CNN (CNN) — The number of US cities where first-time homebuyers are faced with at least a $1 million price tag on the average entry-level home has nearly tripled in the past five years, according to new research. A Thursday report from Zillow indicates that a typical starter home is now worth

By Sara Smart, CNN (CNN) — An Ohio restaurant is not responsible for a customer’s injury after a bone was found in an order of boneless wings, a divided Ohio Supreme Court ruled Thursday, affirming an appellate court’s earlier decision. Michael Berkheimer filed a lawsuit in 2017 after he ordered boneless wings a year earlier

By Maija Ehlinger, CNN (CNN) — Prince Harry said in an interview on ITV that despite feeling “vindicated” after a “monumental victory” last year against a major British tabloid, he believes his battle against the press was a “central piece” of the rift that formed between him and members of the royal family. Speaking publicly about the

By Clare Duffy, CNN New York (CNN) — Vivian Jenna Wilson, Elon Musk’s estranged daughter, publicly refuted several recent anti-trans statements her Tesla CEO and X owner father has made about her. Wilson, who is transgender, on Thursday called a story Musk told about her on X “entirely fake.” Musk posted on Monday that Wilson was “born

Reuters (Reuters) — California’s top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber and Lyft to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits. The ruling by the California Supreme Court is a major victory for the ride-hailing

Reuters (Reuters) — Video game voice actors and motion-capture performers have called a strike over failed labor contract negotiations focused around AI-related protections for workers, bringing about another work stoppage in Hollywood. The SAG-AFTRA has called a strike of the Interactive Media Agreement that covers videogame performers, effective July 26, the union said on Thursday.

By Clare Duffy, CNN New York (CNN) — OpenAI on Thursday announced its most direct threat yet to its stalwart Big Tech rivals: a search engine that uses artificial intelligence baked in from the beginning. The company is testing SearchGPT, which will combine its AI technology with real-time information from the web to allow people

By Bryan Mena, CNN Washington (CNN) — The US economy just got its latest health check, and it looks promising. Gross domestic product, which measures all the goods and services produced in the economy, registered at a robust 2.8% annualized rate in the second quarter, after adjusting for inflation and seasonality, the Commerce Department said

By Marshall Cohen, CNN Washington (CNN) — A federal judge threw out a bankruptcy case filed by The Gateway Pundit, finding that the far-right conspiracy site was seeking bankruptcy protections in “bad faith” to avoid costly defamation lawsuits stemming from its publication of 2020 election lies. The ruling Wednesday from US bankruptcy judge Mindy Mora means the

By Tami Luhby, CNN (CNN) — The last decade has been very lucrative for the world’s super-rich residents, fueling the drive by some advocates to tax them more. The top 1% has seen its wealth soar by $42 trillion over the past decade, according to a new analysis by Oxfam International, which is being released

By Liam Reilly, CNN New York (CNN) — Warner Bros. Discovery and Disney launched a cross-studio bundle of Disney+, Hulu, and Max on Thursday, bringing the services together at a discounted price as the entertainment giants look to scale their streaming businesses. The companies said the bundle of the three services, which was first announced in May, is available to new and returning

By Bryan Mena, CNN Washington (CNN) — The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released Thursday, which are adjusted for