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By Peter Valdes-Dapena, CNN Business Lincoln unveiled a redesigned version of its Nautilus SUV, which it says will have the largest display screen of any competitor and a selection of built-in scents to create a more relaxing atmosphere. But perhaps the most notable change is where the car will be manufactured: The new model will
Continue ReadingBy Allison Morrow, CNN One boss is learning the hard way how a pep talk can quickly go off the rails. Andi Owen, CEO of office furniture company MillerKnoll, was asked in a recent video town hall about how workers should stay motivated if they don’t get a bonus. A clip of the video began
Continue ReadingBy Hanna Ziady, CNN HSBC’s biggest shareholder has called on the bank to create a separately listed Asian business headquartered in Hong Kong to fix what it sees as a lack of competitiveness. In a strongly worded statement Tuesday, the CEO of Ping An Asset Management said that despite improvements, the insurer remained “deeply concerned”
Continue ReadingBy Anna Cooban, CNN More companies around the world defaulted on their debts in the first three months of this year than in any quarter since late 2020, when businesses were still hamstrung by restrictions to stop the spread of Covid. In a report Tuesday, credit rating agency Moody’s said 33 of the corporations it
Continue ReadingBy Jeanne Sahadi, CNN It’s April 18, the official deadline to file your federal and state income tax returns for 2022. (It is also, apparently, National Animal Crackers Day for those who celebrate.) Whether you have already filed your tax return or still need to, the good news is this tax filing season has gone
Continue ReadingBy Anna Bahney, CNN US home building pulled back in March, falling 0.8% in March from February as a decline in multifamily home construction failed to balance out an increase in single-family homes. Housing starts, a measure of new home construction, was down 17.2% from a year ago, according to data released Thursday by the
Continue ReadingBy Nicole Goodkind, CNN Apple and Goldman Sachs launched a new high-yield savings account on Monday that offers a 4.15% interest rate, more than 10 times higher than the US national average. The move is one of many that Apple has made in recent months to increase its financial services footprint — adding some lofty
Continue ReadingCNN By Nicole Goodkind, CNN Apple and Goldman Sachs launched a new high-yield savings account on Monday that offers a 4.15% interest rate, more than 10 times higher than the US national average. The move is one of many that Apple has made in recent months to increase its financial services footprint — adding some
Continue ReadingBy Oliver Darcy and Marshall Cohen, CNN The high-stakes showdown between Dominion Voting Systems and Fox News finally commences in earnest Tuesday when the $1.6 billion defamation trial begins, shining a spotlight on Fox’s election denialism and the toxic role of its disinformation on American politics. The trial, initially set to begin with opening statements
Continue ReadingCNN By Oliver Darcy and Marshall Cohen, CNN The high-stakes showdown between Dominion Voting Systems and Fox News finally commences in earnest Tuesday when the $1.6 billion defamation trial begins, shining a spotlight on Fox’s election denialism and the toxic role of its disinformation on American politics. The trial, initially set to begin with opening
Continue ReadingBy Laura He, CNN China’s economy got off to a solid start in 2023, as consumers went on a spending spree after three years of strict pandemic restrictions ended. Gross domestic product grew by 4.5% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the
Continue ReadingBy Chris Isidore and Vanessa Yurkevich, CNN Writers for television, movies and streaming shows have voted overwhelmingly to go on strike if no labor deal can be reached before a May 1 deadline. The vote announced Monday afternoon showed 97.9% of participating union members voting to approve a potential strike. If a strike happens, it
Continue ReadingBy Jeanne Sahadi, CNN Apple on Monday announced that it is now offering its Apple Card holders a 4.15% high-yield savings account with Goldman Sachs. They may park both the 3% cash back they receive from using the Apple Card on select purchases plus other savings they may wish to deposit. The new product will
Continue ReadingCNN By Nicole Goodkind, Nicky Robertson and Haley Talbot, CNN Speaker Kevin McCarthy on Monday previewed what he hopes House Republicans can pass in the next few weeks to raise the debt ceiling during a speech at the New York Stock Exchange. “So here is our plan: In the coming weeks, the House will vote
Continue ReadingBy Nicole Goodkind, Nicky Robertson and Haley Talbot, CNN Speaker Kevin McCarthy on Monday previewed what he hopes House Republicans can pass in the next few weeks to raise the debt ceiling during a speech at the New York Stock Exchange. “So here is our plan: In the coming weeks, the House will vote on
Continue ReadingBy Saskya Vandoorne and Oliver Briscoe, CNN Air France and Airbus have been found not guilty of involuntary homicide in a criminal trial over the 2009 crash of a flight from Rio de Janeiro to Paris that killed 228 passengers and crew. The national carrier and plane manufacturing giant had been charged over their alleged
Continue ReadingBy Nathaniel Meyersohn, CNN There has been a rebound in weddings the last two years after the worst of the Covid-19 pandemic. But it hasn’t been enough for David’s Bridal, the largest bridal retailer in the United States. The company said Monday it filed for Chapter 11 bankruptcy. David’s Bridal has been hurt by a
Continue ReadingBy Allison Morrow, CNN After months of attempting to serve Shaquille O’Neal in a lawsuit against celebrities who endorsed the now-bankrupt FTX crypto platform, lawyers for a group of FTX investors said they finally succeeded on Sunday. “Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house,” the Moskowitz Law
Continue ReadingBy Eric Levenson and Marshall Cohen, CNN For all the interest in big-name witnesses and eye-opening private text messages, at the core of the defamation lawsuit filed by Dominion Voting Systems against Fox News are 20 specific broadcasts and tweets in which the voting company says Fox knowingly promoted lies, destroying its reputation. According to
Continue ReadingBy Ella Nilsen, CNN The Treasury Department has revealed which cars will be eligible for the new electric vehicle tax credits. Fewer models are eligible for the new subsidy than in previous years, but some of the most well-known EVs still qualify, according to the Monday announcement. Under the new rule, consumers can get up
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