CNN – Business/Consumer

By Chris Isidore, CNN New York (CNN) — Elliott Investment Management announced Monday it has taken a $1.9 billion stake in Southwest Airlines and said there needs to be new leadership at the Dallas-based carrier. “Southwest’s poor execution and leadership’s stubborn unwillingness to evolve the company’s strategy have led to deeply disappointing results for shareholders,

By Alicia Wallace, CNN (CNN) — Presidential election polls may be showing that some Americans have mixed, if not outright sour, views on the overall economy — but when it comes to how they view their own finances, things are looking pretty good. US consumers are more optimistic about their current and future financial situation,

By Catherine Nicholls and Hanna Ziady, CNN London (CNN) — Around 20 branches of Barclays have been vandalized by pro-Palestinian and climate activists who said they were protesting against the UK bank’s business dealings in Israel and its funding of polluting industries. Windows were smashed and red paint was sprayed across buildings, including in London,

By Anna Cooban, CNN London (CNN) — French markets and the euro were roiled Monday by President Emmanuel Macron’s surprise decision to call a snap election after his party lost to the far right in a vote for European lawmakers. Big gains for the far right in the French election could force Macron to govern

By Sean Lyngaas and Michelle Watson, CNN (CNN) — Microsoft and Google will offer free or discounted cybersecurity services to rural hospitals across the United States to make them less vulnerable to cyberattacks that have disrupted patient care and threatened lives, the White House and those tech firms said Monday. Microsoft said in a statement

By Laura He and Joyce Jiang, CNN Hong Kong (CNN) — Tesla is one step closer to launching full-self driving (FSD) technology in China after it clinched an agreement with Baidu to upgrade its mapping software. The Chinese tech giant said Saturday that it was providing lane-level navigation services for Tesla cars. Baidu (BIDU) says

By Chris Isidore, CNN New York (CNN) — Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Five months ago, a Delaware judge threw out the largest pay package in history, then worth more than $50 billion, that Telsa’s very friendly board had given

By Eva Rothenberg, CNN New York (CNN) — Car manufacturer Stellantis is recalling 211,581 SUVs and pickup trucks over a software malfunction that could cause their electronic stability control systems to fail. The company said the issue stems from a defective anti-lock breaking system, which in turn deactivates the stability control system. The system is

By Nicole Goodkind, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. How do we know if the economy is in decline?

By Clare Duffy, CNN New York (CNN) — Apple hasn’t given users a significant reason to buy an upgraded iPhone for four years, since it rolled out 5G connectivity with the iPhone 12 — a worrying trend for the tech giant’s core business. That could change this week. The iPhone brought in more than half

By Samantha Murphy Kelly, CNN (CNN) — Apple is on the verge of kicking off perhaps its most important event in years as it faces a gauntlet of challenges. At its annual Worldwide Developers Conference starting Monday, the company is widely expected to announce a partnership with ChatGPT maker OpenAI and unveil the first batch

By Peter Valdes-Dapena, CNN (CNN) — Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. An electric Genesis GV60 was all they had available at a location in Kansas City, Kansas. Wu received no specific instructions on how to use the vehicle, or how to find chargers,

By Nathaniel Meyersohn, CNN New York (CNN) — Communities around the country are losing cheddar bay biscuits and all-you-can-eat seafood deals as troubled Red Lobster closes around 100 US restaurants, with up to 135 more closures looming. But Red Lobster’s decline is particularly a loss for many Black diners, who formed a loyal base for

By Samantha Delouya, CNN (CNN) — A US federal judge ruled on Friday that an antitrust lawsuit brought by the US government against Google will be decided by a judge and not a jury after Google wrote the government a check, paying back the full amount of monetary damages the lawsuit sought. The case regarding

By Krystal Hur, CNN New York (CNN) — Keith Gill is back. The famed meme stock icon, also known as “Roaring Kitty,” made a long-awaited appearance on a livestream on his YouTube channel Friday. Sporting long hair, a thick bandage wrapped around his head, gaudy white sunglasses, a sling and a beer, Gill livestreamed against

By Sean Lyngaas, CNN Washington (CNN) — A bipartisan pair of senators is accusing a major health care firm that suffered a crippling cyberattack in February of not complying with federal law that requires patients be notified when their data is stolen. In a letter sent to UnitedHealth Group CEO Andrew Witty this week, New Hampshire

By Parija Kavilanz, CNN New York (CNN) — Adults bought more toys for themselves than for any other age group last quarter for the first time ever, surpassing toys for even the historically-dominant preschooler market. Consumers 18 years of age and up spent $1.5 billion in toy-related purchases in the period from January through April,

By Peter Valdes-Dapena, CNN (CNN) — Kia is warning owners of almost 463,000 of its popular Telluride SUVs in the United States to keep them parked outside and away from buildings because the front seats could start burning. Seat control switches on the front power seats of the SUVs can become misaligned and stuck if