Skip to Content
By Matt Egan, CNN New York (CNN) — Senate Majority Leader Chuck Schumer urged JPMorgan Chase CEO Jamie Dimon and other leading bank executives during a meeting on Wednesday to push all members of Congress to take the threat of a disastrous default off the table, a person familiar with the matter told CNN. Schumer
Continue ReadingBy Catherine Thorbecke (CNN) — Elizabeth Holmes’ last-minute bid to avoid prison was denied by an appellate court on Tuesday, paving the way for the disgraced Theranos founder to begin her sentence. In a separate ruling Tuesday, Holmes was also ordered to pay $452 million in restitution to those harmed by her crimes, including Theranos
Continue ReadingBy Jeanne Sahadi, CNN New York (CNN) — No one can say yet which day the US Treasury would no longer be able to pay all the bills of the United States in full and on time if lawmakers refuse to raise the debt limit. That day — the so-called “X-date” — is currently estimated
Continue ReadingCNN By Jeanne Sahadi, CNN New York (CNN) — No one can say yet which day the US Treasury would no longer be able to pay all the bills of the United States in full and on time if lawmakers refuse to raise the debt limit. That day — the so-called “X-date” — is currently
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Perdue — yes, the poultry company — is getting into the beer business. Sort of. For the first time ever, Perdue is selling a 12.5-ounce can of beer that’s specifically made for “beer can chicken” in time for the summer grilling season. Appropriately titled “Beer Can Chicken
Continue ReadingBy Anna Bahney, CNN Washington, DC (CNN) — US home building unexpectedly rose in April, climbing 2% from March, as low inventory in the existing home market boosts interest in new homes. However, housing starts, a measure of new home construction, were down 22.3% from a year ago, according to data released Wednesday by the
Continue ReadingBy Nathaniel Meyersohn, CNN New York (CNN) — Shoppers are pulling back at Target, Home Depot and other major chains as they face pressure from higher prices and borrowing costs. Target’s total sales ticked up 0.5% during its latest quarter from a year ago, the company said Wednesday. But digital sales fell, and the company
Continue ReadingBy Anna Cooban, CNN London (CNN) — Oxford University will remove the Sackler name from its buildings following a review of its relationship with the family that recently expressed regret for its role in the US opioid crisis. The 900-year old university said in a statement that it would remove the Sackler name from some
Continue ReadingBy Jordan Valinsky, CNN Business New York (CNN) — Oscar Mayer’s Wienermobile is driving off into the sunset. Say hello, to … the Frankmobile. For the first time in its nearly century-long existence, the famous hot-dog-shaped vehicle is changing its name. Oscar Mayer says the new Frankmobile name “pays homage” to the new recipe for
Continue ReadingBy Chris Isidore, CNN New York (CNN) — You’re about to see a lot more about Tesla. CEO Elon Musk told company shareholders Tuesday that the company will advertise for the first time in its history. “We’ll try a little advertising, and see how it goes,” Musk said in response to a shareholder at the
Continue ReadingBy Maria Santana, CNN (CNN) — Hertz has apologized to a Puerto Rican customer after one of its employees refused to rent him a car he had paid for in advance because he did not show her his passport. Humberto Marchand said that he traveled to New Orleans last Wednesday and presented his Puerto Rican
Continue ReadingBy Jennifer Korn New York (CNN) — If you haven’t logged into your Google account in a long time, you better use it or lose it. Google announced Tuesday it will start deleting accounts that have been inactive for at least two years, a move that the company says is intended to prevent security risks.
Continue ReadingCNN By Jennifer Korn New York (CNN) — If you haven’t logged into your Google account in a long time, you better use it or lose it. Google announced Tuesday it will start deleting accounts that have been inactive for at least two years, a move that the company says is intended to prevent security
Continue ReadingCNN By Catherine Thorbecke (CNN) — Within hours of the mass shooting on Saturday at a Texas outlet mall, some Twitter users shared gruesome pictures of bloodied bodies, purportedly from the crime scene. At least one image appeared to be of a child. These images were harder to avoid on the platform, according to some
Continue ReadingBy Catherine Thorbecke (CNN) — Within hours of the mass shooting on Saturday at a Texas outlet mall, some Twitter users shared gruesome pictures of bloodied bodies, purportedly from the crime scene. At least one image appeared to be of a child. These images were harder to avoid on the platform, according to some users,
Continue ReadingBy Natasha Chen, CNN Los Angeles (CNN) — The owners of Star Garden Topless Dive Bar in North Hollywood expect to recognize and negotiate with a union of strippers who had been dismissed from the club in March 2022, when they protested for safe working conditions and picketed outside for months. The negotiation is expected
Continue ReadingBy Chris Isidore, CNN New York (CNN) — Elon Musk launched a baseless Twitter attack on George Soros, a frequent target for antisemitic conspiracy theories, accusing the financier of hating humanity days after Soros disclosed having sold off a modest stake in Tesla. While Musk’s remarks don’t mention the billionaire philanthropist’s ethnicity, Musk was criticized
Continue ReadingBy Matt Egan, CNN New York (CNN) — With time running out to reach a deal on the debt ceiling, Treasury Secretary Janet Yellen plans to meet with bank CEOs on Thursday afternoon in Washington, sources tell CNN. JPMorgan Chase CEO Jamie Dimon and Citigroup CEO Jane Fraser plan to attend the Yellen meeting, which
Continue ReadingBy Jordan Valinsky, CNN Business New York (CNN) — Comcast is inching closer to selling its stake of Hulu to Disney, after Comcast CEO Brian Roberts said Tuesday that he thinks “it’s more likely than not” that his company will offload the streaming company in 2024. Roberts made the remarks at MoffettNathanson’s Technology, Media and
Continue ReadingCNN By Vanessa Yurkevich, CNN New York (CNN) — America’s CEOs plan to send a dire warning to lawmakers Tuesday that the economy faces potential devastation if Congress and the Biden White House cannot reach an agreement to raise the debt ceiling and avoid a default. In an open letter to President Biden and top
Continue Reading