CNN – Business/Consumer

By Olesya Dmitracova, CNN London (CNN) — European regulators have charged Elon Musk’s X with breaching its sweeping Digital Services Act, accusing the platform of misleading its users among other violations. “Today we issue for the first time preliminary findings under the Digital Services Act,” Margrethe Vestager, a senior official at the European Commission, said in

By Jeanne Sahadi, CNN New York (CNN) — Most banks offer free checking if, for instance, customers have their paycheck direct deposited or they maintain an average minimum balance. The majority of people with checking accounts (73%) take advantage of the option, according to a 2023 Bankrate.com survey. But if regulatory costs go up for

By Sean Lyngaas, CNN (CNN) — CDK Global, a software firm serving car dealerships across the US that was roiled by a cyberattack last month, appears to have paid a $25 million ransom to the hackers, multiple sources familiar with the matter told CNN. The company has declined to discuss the matter. Pinpointing exactly who

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar General will improve safety protocols in stores and pay $12 million in penalties in a sweeping settlement with the Department of Labor over the discount chain’s long history of putting low-wage employees in dangerous working conditions. Dozens of Dollar General workers and customers have been killed

By Elisabeth Buchwald, CNN New York (CNN) — Value is the new buzzword at fast-food chains nationwide. After rising prices turned customers off, the restaurants recently responded by unveiling value menus. For instance, McDonald’s has a $5 value meal, which includes a McDouble cheeseburger or a McChicken sandwich, plus small french fries, 4-piece chicken nuggets and

By Hanna Ziady and Nadine Schmidt, CNN London/Berlin (CNN) — Germany will phase out components made by China’s Huawei and ZTE from its 5G wireless network over the next five years, a move that risks worsening its already strained relations with the world’s second-largest economy. Mobile network operators including Vodafone, Deutsche Telekom and Telefonica have

By Nathaniel Meyersohn, CNN New York (CNN) — As recently as February, Tractor Supply Co., known for selling animal feed, pet food and lawn and garden equipment to hobby farmers, told investors that climate change was a significant threat to its business. Any delay or failure to meet its goals of cutting emissions 50% in

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Joe Biden is losing a particularly influential corner of support: Hollywood. On Wednesday, George Clooney became the latest — and perhaps most notable — member of

By Alicia Wallace, CNN (CNN) — Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the annual

By Hanna Ziady, CNN London (CNN) — Apple has yielded to pressure by European regulators to give rivals access to the contactless payments technology on iPhones, meaning that their users will no longer be limited to the Apple Pay mobile wallet. The development on the tap-to-pay technology underscores mounting regulatory scrutiny of Apple (AAPL) in

By Sam Fossum and Peter Valdes-Dapena, CNN (CNN) — The White House on Thursday said it would hand out $1.7 billion to help convert closed-down or at-risk auto manufacturing and assembly facilities to make electric and hybrid vehicles. The funding comes as growth in new electric vehicle sales has slowed, even as the Biden administration

By Ramishah Maruf, CNN New York (CNN) — MOD Pizza, the fast-casual chain where diners can customize individual pizza pies, announced a new owner Wednesday in a move that could prevent or delay a bankruptcy filing. Elite Restaurant Group has acquired MOD, though terms of the deal were not disclosed and little information about the

By Samantha Delouya and Allison Morrow, CNN (CNN) — Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse of his investment firm wiped billions of dollars off financial markets and nearly brought down Wall Street. The jury delivered a speedy conviction, finding