CNN – Business/Consumer

By David Goldman, CNN (CNN) — Robert Gibbs, a former White House press secretary during the Obama administration, will be joining Warner Bros. Discovery to lead its communications team. Gibbs, who has been leading public relations efforts in the private sector for years after leaving the White House, will take over public relations and public

By Krystal Hur, CNN New York (CNN) — Nvidia, Wall Street’s artificial intelligence poster child, is now the most valuable company in the world, taking the crown from Microsoft. Nvidia’s market capitalization closed at roughly $3.34 trillion on Tuesday, edging past Microsoft’s $3.32 trillion value. Apple is the third most valuable company in the US

By Anna Cooban, CNN London (CNN) — London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections. All stocks listed in France are now worth about $3.13 trillion in total, compared with $3.18 trillion for all shares listed in the United Kingdom, Bloomberg reported

By Bryan Mena, CNN Washington (CNN) — Sales at US retailers rose last month at an unexpectedly weak pace as Americans continue to deal with still-high inflation and elevated interest rates. Retail sales rose just 0.1% in May from the prior month, the Commerce Department reported Tuesday. That’s better than April’s downwardly revised 0.2% decline

By Chris Isidore and Gregory Wallace, CNN Washington (CNN) — A current Boeing employee claims that the company tried to shield broken or out-of-specification 737 Max plane parts from regulators and lost track of them, according to a Senate subcommittee investigation made public Tuesday. Boeing tried to hide the nonconforming parts from Federal Aviation Administration

By Olesya Dmitracova, CNN London (CNN) — Fisker, a US electric vehicle startup, said Tuesday it had filed for bankruptcy. The company had already warned it was in trouble. When it published quarterly earnings in February, it said it might not have enough money to survive another year. Fisker added then that it was in

By Allison Morrow, CNN New York (CNN) — A year ago Tuesday, the world watched in horror as a multinational search began for a commercial sub and five passengers that, days later, would end in tragedy. The agonizing spectacle sent a chill through the small but growing community of deep-sea submersible enthusiasts. OceanGate, the controversial

By Laura He, CNN Hong Kong (CNN) — Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The legendary investor’s conglomerate sold another 1.35 million Hong Kong-listed shares of BYD on June

By Samantha Delouya, CNN (CNN) — Last month, a much-beloved piece of American history was nearly stolen – but not in a museum heist or a home burglary. Instead, self-proclaimed scammers used a fraudulent real estate scheme. In late May, Graceland, Elvis Presley’s iconic Memphis home-turned-tourist-attraction, was nearly auctioned off when a company called Naussany

By Hadas Gold, CNN (CNN) — Alex Jones’ notorious conspiracy platform Infowars may have survived a key decision from a federal judge last week, but the platform’s future is far from secure. A bankruptcy judge in Houston on Friday allowed Jones to liquidate his personal assets to help pay the nearly $1.5 billion that he owes the families of

By Erika Tulfo, CNN (CNN) — McDonald’s is pulling the plug on artificial intelligence ordering technology it was testing at more than 100 restaurant drive-thru systems in the US, a possible hiccup in the rapid rollout of AI in the fast food industry. The company had worked with IBM to develop and test AI-driven, voice-automated

By Ramishah Maruf, CNN New York (CNN) — Taking care of Fido is getting out of reach for more Americans. Nationwide Pet, the country’s largest provider of pet insurance, says it is dropping about 100,000 policies between now and next summer to keep up with spiraling costs in vet care. The move comes as other

By Laura He, Wayne Chang, and Joyce Jiang, CNN Hong Kong (CNN) — Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. Chinese state media Jiemian reported last week that local executives had been accused of embezzling “millions of euros” in an unsigned letter

By Hanna Ziady, CNN London (CNN) — Beijing has launched an investigation into prices of pork from the European Union, targeting a major EU food export just days after Brussels hiked tariffs on electric vehicles from China. The move risks escalating tension in one of the world’s biggest trading relationships and will heighten fears among

By Danielle Wiener-Bronner, CNN New York (CNN) — Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. Bacon is more expensive than it was a year ago, with prices up 6.9% from May 2023 to May of this year, according to inflation data

By Chris Isidore, CNN New York (CNN) — Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. The question now is, how much will he get going forward? The package, made up of 303 million stock options worth more than

By David Goldman, CNN (CNN) — Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. “The mental health crisis among young people is an emergency — and social media has