CNN – Business/Consumer

By Oliver Darcy, CNN Business (CNN) — Fox News is on the verge of settling another major lawsuit. Abby Grossberg, the former network producer who filed an explosive complaint against the company earlier this year, is in the final stages of ironing out a settlement with the company, people familiar with the matter told CNN.

By Clare Duffy, CNN New York (CNN) — An Amazon worker and union organizer has been given her job back after she appealed her firing by the e-commerce giant earlier this month. Amazon on Thursday confirmed that it had reinstated Jennifer Bates — who became the face of the effort to unionize an Amazon facility

By Peter Valdes-Dapena, CNN (CNN) — Mercedes-Benz and Microsoft have agreed to add ChatGPT to Mercedes-Benz cars in the United States. ChatGPT is Microsoft’s “generative artificial intelligence” software that can engage in realistically human-like dialog. Mercedes vehicles already have voice-command capabilities allowing drivers to use the phrase, “Hey, Mercedes,” followed by a short command to

By Samantha Delouya, CNN (CNN) — On Wednesday, the Federal Reserve hit pause on its benchmark interest rate after hiking 10 times in a row in a battle to cool the US economy and tame inflation. That rate-hiking campaign has also done something else: helped pump up the US dollar, maintaining an unexpected strength that

By Samantha Delouya, CNN Los Angeles (CNN) — Disney (DIS) Chief Financial Officer Christine McCarthy is stepping down from her role and taking a family medical leave of absence, the company said Thursday. Kevin Lansberry, the company’s CFO of Parks, Experiences and Products, will step in as interim CFO, effective July 1. “Christine McCarthy is

By Jennifer Korn New York (CNN) — Google has earned more than $10 million over the past two years by allowing misleading advertisements for “fake” abortion clinics that aim to stop women from having the procedure, according to an estimate from a report released Thursday from the non-profit Center for Countering Digital Hate. The estimated

By Jordan Valinsky, CNN New York (CNN) — College interns typically find cheap places to live for the summer. One woman is going to great lengths to do that. South Carolina resident Sophia Celentano commutes to her New Jersey summer internship by plane, weekly, revealing on her TikTok account that it’s actually cheaper than renting

By Peter Valdes-Dapena, CNN Business (CNN) — There are about 150,000 public electric vehicle chargers of various sorts in the United States, according to a recent report by S&P Global Mobility. If you think that sounds like a lot, you have no idea what’s on the way. By 2030, there will need to be more

By Jeanne Sahadi, CNN New York (CNN) — The average balance in employer-sponsored savings plans last year was $112,572, well below the $141,542 recorded in 2021. That’s according to the latest annual report, “How America Saves,” from investment firm Vanguard, which serves as record keeper for defined contribution plans that, combined, have nearly 5 million

By Brian Fung, CNN Washington (CNN) — Music publishers sued Twitter for more than $250 million in damages on Wednesday, alleging that the social media platform “breeds massive copyright infringement that harms music creators.” The lawsuit alleges that for years, Twitter has allowed users of its platform to share copyrighted songs without a license. It

By Bryan Mena, CNN Washington, DC (CNN) — Spending at US retailers rose last month, in a sign that consumers are still fueling the economy. Retail sales at stores, online and in restaurants grew 0.3% in May from April, the Commerce Department reported on Thursday. That’s above economists’ expectations of a 0.1% decline, according to Refinitiv.

By Hanna Ziady, CNN London (CNN) — The European Central Bank raised interest rates by a quarter of a percentage point Thursday and signaled another hike to come next month, unmoved by evidence of a mild recession in the 20 countries that use the euro. The ECB has now hiked rates at eight consecutive meetings