CNN – Business/Consumer

By Brian Fung, CNN (CNN) — A lawsuit brought by Elon Musk’s X against the nonprofit watchdog group Media Matters has been scheduled for a trial in April 2025, according to a court filing. Thursday’s order by the US District Court for the Northern District of Texas sets the date for a high-profile showdown over Media Matters’ research

By Elisabeth Buchwald, CNN New York (CNN) — President Joe Biden has nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corporation. The announcement comes after current FDIC Chair Martin Gruenberg said he intended to resign once a successor is confirmed by the Senate following a scathing independent investigation detailing pervasive sexual harassment,

By Chris Isidore and Gregory Wallace, CNN Washington DC (CNN) — Federal Aviation Administration chief Mike Whitaker said his agency is partly responsible for the safety problems at Boeing, admitting that it had been “too hands off” in its oversight of the troubled aircraft manufacturer. In testimony Thursday before the Senate Commerce Committee, Whitaker said

By Sean Lyngaas, CNN (CNN) — Microsoft “accepts responsibility for each and every one” of the issues cited in a scathing US government-backed report on the tech giant’s cybersecurity failings, Microsoft President Brad Smith will tell US lawmakers Thursday, according to his prepared testimony. “We acknowledge that we can and must do better, and we

By Jeanne Sahadi, CNN New York (CNN) — Employees’ negative daily emotions and lack of well-being can ultimately hurt worker engagement – and the economy, according to a new report released this week. Gallup, in its “State of the Global Workplace,” estimates that low employee engagement costs the global economy $8.9 trillion, or 9% of

By Chris Isidore, CNN New York (CNN) — Tesla shareholders have re-approved a pay package for CEO Elon Musk worth billions that was already thrown out by a Delaware judge earlier this year in a vote that also approved moving Tesla to Texas. The two measures – Musk’s pay package from 2018 and moving the

By Natasha Chen, CNN (CNN) — In a development agreement unanimously approved Wednesday night, Disney promises to invest up to $17 billion in its Florida resort over the next 10 to 20 years and sets up the framework for potential theme park expansions. The 15-year agreement was negotiated as part of a settlement following a

By Ramishah Maruf, CNN New York (CNN) — World record holder Joey Chestnut may not be competing at Nathan’s Famous Fourth of July Hot Dog Eating Contest this year, but now fans will be able to watch Chestnut face off with his rival Takeru Kobayashi on Netflix on Labor Day. The two professional competitive eaters will

By Elisabeth Buchwald, CNN New York (CNN) — If you want to know how much a publicly traded company is worth at any given time, all you have to do is look up its market cap, which updates in real time during trading hours. But if you want to know how fast prices are rising

By Clare Duffy, CNN New York (CNN) — SpaceX and CEO Elon Musk were sued on Wednesday by former employees who claim they were illegally fired for raising concerns about gender discrimination and sexual harassment at the rocket company. The lawsuit, brought by eight employees who were fired in 2022, alleges that Musk wants to

By Brian Fung, CNN Washington (CNN) — TikTok may not be as hot a place for politics as many seem to think. The attention devoted to TikTok as a powerful force in US politics — for better or for worse — does not seem to match up with the experience of most TikTok users, according

By Anna Cooban, CNN London (CNN) — A looming glut in global oil supply could “upend” attempts by the Organization of the Petroleum Exporting Countries and its allies, or OPEC+, to prop up prices by cutting production, according to the International Energy Agency. The Paris-based IEA said Wednesday that it expects growth in global oil