CNN – Business/Consumer

By Bryan Mena, CNN Washington, DC (CNN) — Venture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands. The Silicon Valley-based firm’s expansive investments in China, which have drawn attention from US lawmakers amid growing geopolitical tensions with Beijing, will become their own unit. Sequoia Capital executives briefed investors

CNN By Peter Valdes-Dapena, CNN Business (CNN) — Ford is recalling more than 125,000 Escape SUVs, Maverick pickups and Lincoln Corsair luxury SUVs because their engines could leak fluids and catch fire. All the vehicles being recalled are hybrid or plug-in hybrid versions. All three models share similar engineering. Because of a manufacturing problem, the

By Peter Valdes-Dapena, CNN Business (CNN) — Ford is recalling more than 125,000 Escape SUVs, Maverick pickups and Lincoln Corsair luxury SUVs because their engines could leak fluids and catch fire. All the vehicles being recalled are hybrid or plug-in hybrid versions. All three models share similar engineering. Because of a manufacturing problem, the 2.5-liter

By Greg Wallace, CNN (CNN) — The CEO of perennially unprofitable Amtrak joked to Congress Tuesday that the fastest track to a financial turnaround would be to stop operating trains and instead “go into the real estate business.” But he said he has no intention of doing so. Instead, CEO Stephen Gardner asked a congressional

By Samantha Murphy Kelly, CNN Business (CNN) — It’s rare to find a new technology that feels groundbreaking. But last night, while sitting on a couch in a private demo room at Apple’s campus wearing its newly announced Vision Pro mixed reality headset, it felt like I’d seen the future — or at least an

By Hanna Ziady, CNN London (CNN) — Around 50% of major global companies will need less real estate in the next three years, with American cities — led by San Francisco — most exposed to empty offices, new research has found. Half of firms with more than 50,000 employees plan to prune office space, with

By David Goldman, CNN New York (CNN) — Your iPhone’s autocorrect is getting a big ducking upgrade. Currently, when you enter a typo or key in an unrecognized word, Apple’s iOS uses some onboard machine learning and references a library of frequent misspellings to automatically correct your mistake. But, as anyone who has ever been

By Allison Morrow, CNN New York (CNN) — Wall Street’s top regulator is confronting some of the biggest names in crypto over their alleged violations of US securities laws, in a regulatory crackdown that is roiling the digital asset industry. On Tuesday, the US Securities and Exchange Commission sued Coinbase, America’s largest crypto exchange, for

By Jordan Valinsky, CNN New York (CNN) — Roughly two months after Bud Light endured a self-induced injury that torpedoed sales, the brand continues to lose ground to its competition. But there are signs the worst might be over. Sales for the week leading into Memorial Day weekend fell 23.9% from the same period a

By Jordan Valinsky, CNN Business New York (CNN) — Downtown San Francisco has been dealt another blow after an investor in one of its largest hotels said it would stop paying its loans. Park Hotels and Resorts, the investment firm that owns Hilton San Francisco Union Square and Parc 55 hotels, said Monday that is

By Danielle Wiener-Bronner, CNN New York (CNN) — The past few months of robust grocery store sales would suggest that shoppers aren’t stretched for cash. But that’s not the full story. Food manufacturers like Kellogg (K), PepsiCo (PEP) and Nestlé all reported sales growth in the first quarter of the year. But even though sales