CNN – Business/Consumer

By Matt Egan, CNN New York (CNN) — Scott Sheffield, founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. The Federal Trade Commission said Sheffield, then CEO of Pioneer Natural Resources, exchanged hundreds of text messages discussing pricing, production and

By Chris Isidore, CNN New York (CNN) — The state of Maryland is about to get an insurance payment of $350 million related to the collapse of the Francis Scott Key Bridge in late March, according to the broker handling its policy on the structure. The payment would come from insurer Chubb, which has a

By Jordan Valinsky, CNN New York (CNN) — Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO just two years ago, will become a strategic advisor through the end of the

By Alicia Wallace, CNN (CNN) — The US job market has been on a roll for the past three years. Some economists even say “it’s as good as it’s ever been.” That storyline isn’t expected to change Friday when April’s jobs report lands at 8:30 am ET — but it’s possible there might be a

By Samantha Murphy Kelly, CNN (CNN) — Apple on Thursday posted first-quarter revenue of $90.8 billion, down 4% year over year, as the iPhone maker continues to struggle with growth challenges, particularly in China, amid an uncertain economic environment. The company also announced a $110 billion share buyback – the largest in the company’s history

By Hanna Ziady, CNN London (CNN) — Ariana Grande, Adele and Rihanna will soon be back on TikTok, joining Taylor Swift after a deal with Universal Music Group ended a feud that saw one of the world’s biggest record labels pull its music from the video platform. The licensing agreement, announced Wednesday, means that within

By Hadas Gold, CNN (CNN) — Journalists tasked with covering violent unrest on college campuses across the US have been arrested and barred access as police moved in to crack down on pro-Palestinian protesters who have set up encampments and barricaded themselves inside buildings. The confrontations with journalists come as student-run news outlets and traditional

By Samantha Murphy Kelly, CNN (CNN) — Earlier this year, an 18-year-old high school senior from New York City had planned to enroll at Columbia University’s sister school Barnard College in Manhattan as an early decision student. But after her parents saw heightened tensions over the Israel-Gaza conflict surface across some US campuses, including at

By Clare Duffy, CNN New York (CNN) — Dozens of former Google workers filed a complaint with the US National Labor Relations Board on Tuesday after they were fired or placed on administrative leave last month for protesting the company’s cloud-computing contract with Israel’s government. The complaint accuses Google of retaliating against the workers for

By Nicole Goodkind, CNN New York (CNN) — You can already bet real money on basketball, baseball, and football – so why not Skee-Ball, Hot Shots basketball or Dance Dance Revolution? Dave and Buster’s (PLAY), the popular restaurant and entertainment chain, is getting into the betting business. The company is looking to make some extra

By Chris Isidore, CNN New York (CNN) — From New York to Los Angeles, college campus protests against the war in Gaza turned violent Tuesday night and into Wednesday morning as police sought to clear campuses of protesters in many locations, leading to mass arrests. Protesters opposed to Israel’s actions in the war in Gaza

CNN By Chris Isidore, CNN New York (CNN) — From New York to Los Angeles, college campus protests against the war in Gaza turned violent Tuesday night and into Wednesday morning as police sought to clear campuses of protesters in many locations, leading to mass arrests. Protesters opposed to Israel’s actions in the war in

By Reuters New York (Reuters) — Johnson & Johnson is moving forward with a $6.475 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer, the company said Wednesday in a statement. The deal would allow it to resolve the lawsuits through a third

By Jordan Valinsky, CNN New York (CNN) — Watch out “Connections,” LinkedIn says it’s adding a variety of games aimed at making actual connections. The Microsoft-owned platform, best known for professional networking and sharing news, is taking a page from the New York Times and adding three, free “thinking-oriented” games as a way to tap

By Nathaniel Meyersohn, CNN New York (CNN) — Americans are being asked to tip on digital screens for everything from a cup of coffee to self-checkout at grocery stores, and many are frustrated with the new tipping culture. Pizza chain Domino’s aims to tap into that exasperation. Not by eliminating tips, however. Instead, Domino’s is

By Jordan Valinsky, CNN New York (CNN) — Starbucks is brewing a turnaround plan that involves speedier service and expanding the number of promotions after its most recent quarter was “disappointing,” in the words of its own chief executive. Shares fell more than 12% in premarket trading Wednesday after the coffee giant reported a decline

By Hanna Ziady and Peter Valdes-Dapena, CNN London/New York (CNN) — Tesla has abruptly fired the team running its electric vehicle charging business, raising doubts about the future of one of the largest US charging networks, which other carmakers, such as General Motors and Ford, have said they will also use. In social media posts

By Peter Valdes-Dapena, CNN New York (CNN) — When pondering what’s really happening with the auto industry’s shift to electric vehicles, it’s important to remember that two things – two very different things – can be true at the same time. The first is that electric vehicle sales are continuing to rise, and will reach

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve said Wednesday it is holding interest rates at their current levels, as hotter-than-expected inflation data continues to push back the timing of the first rate cut. Fed officials have kept their benchmark lending rate at a 23-year high since July, after aggressively raising rates starting two years ago. Officials have said they need to