Money

By Diksha Madhok and Juliana Liu, CNN New Delhi/Hong Kong (CNN) — A major wealth management company in China has told investors it can’t pay all its bills, reigniting fears that the country’s long-running real estate slump may be spilling over into the $3 trillion shadow banking sector. Zhongzhi Enterprise Group (ZEG) wrote to investors

By Michelle Toh, CNN Hong Kong (CNN) — Jack Ma has put off plans to sell hundreds of millions of dollars worth of Alibaba shares after the Chinese tech giant’s stock plummeted last week. Two regulatory filings from last Thursday revealed that Ma had been looking to offload 10 million shares, worth nearly $871 million.

By Rhea Mogul, CNN Hong Kong (CNN) — A Kashmir journalist who was arrested under India’s sedition and anti-terror laws has returned home Thursday after being released on bail following nearly two years behind bars. Fahad Shah, founding editor of The Kashmir Walla, an independent news outlet in Indian-administered Kashmir, was accused of publishing “anti-national content”

By Brian Fung, CNN (CNN) — The leadership crisis that engulfed OpenAI for nearly a week ended almost as abruptly as it began: With a terse, cryptic announcement by the company that would have enormous ramifications for its future. In some ways, the outcome was a return to the status quo: Sam Altman would be

By Jennifer Korn, CNN (CNN) — Spotify’s new royalty system means so-called functional noises like the sound of rainfall will earn significantly less than traditional music files. In an attempt to crack down on “bad actors” using the genre to fraudulently generate revenue, Spotify announced in a blog post Tuesday it would be increasing the

By Oliver Darcy and Liam Reilly, CNN (CNN) — Some of the world’s most recognizable brands have opted to continue their advertising partnerships with X despite the surge in hate speech on the platform and owner Elon Musk’s continued peddling of misinformation and right-wing conspiracy theories, including an endorsement last week of an antisemitic post.

By Clare Duffy, CNN New York (CNN) — At least a dozen major brands have halted ad spending on X, formerly Twitter, since its latest advertiser exodus began last week over concerns about antisemitism and hate speech on Elon Musk’s social media platform. Fox Sports, Ubisoft, Axios, TechCrunch and Paris Hilton’s 11:11 Media all told

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates fell again in the most recent week, as inflation showed signs of slowing. It’s the fourth consecutive week of tumbling rates after rising for seven straight weeks. The 30-year fixed-rate mortgage fell to an average of 7.29% in the shortened week ending November 22, according to

By Elisabeth Buchwald, Bryan Mena and Nicole Goodkind, CNN New York (CNN) — The US government just sent a clear message to the world of cryptocurrency, a market valued at around $1.4 trillion. Just as crypto investors were hoping to move on from the historic conviction of Sam Bankman-Fried, the disgraced founder and former CEO of

By Anna Cooban, CNN London (CNN) — Oil prices tumbled more than 4% Wednesday after a group of the biggest oil producing nations said they would delay a meeting, originally scheduled for Sunday, that was expected to discuss making further cuts to global supply. Brent crude, the global benchmark, and West Texas Intermediate (WTI) crude,

By Jennifer Korn and Paul Glader, CNN (CNN) — When technology firm OpenAI ousted its CEO Sam Altman last week with little warning and less explanation, it set off shockwaves throughout Silicon Valley and beyond. Late Tuesday, in a complete reversal, he rejoined the controversial firm he had helped found, effectively bouncing from the board

By Jordan Valinsky, CNN New York (CNN) — Warren Buffett is donating about $870 million to four family-run foundations ahead of the Thanksgiving holiday, continuing a tradition of giving away his massive wealth of about $120 billion. The donations are in the form of shares, with a release from his Berkshire Hathaway conglomerate detailing that

By Ramishah Maruf, CNN New York (CNN) — Thanksgiving Day has looked different in recent years. Sights of people lining up at 5 pm Thanksgiving Day at large retailers to catch Black Friday deals are rare since the onset of the pandemic. Many stores opted to close its doors on Thanksgiving in 2020 to limit

By Clare Duffy and Diksha Madhok, CNN New York/New Delhi (CNN) — In a year of wild tech stories that has seen Elon Musk transform Twitter, cryptocurrency exchange FTX collapse and Silicon Valley Bank implode, this week’s whiplash-inducing turmoil at OpenAI is among the most captivating. Sam Altman — the leader of one of the

By Oliver Darcy, CNN (CNN) — The relentless war between Israel and Hamas has led to a staggering number of civilian deaths and displaced nearly 2 million people in Gaza, spawning an urgent humanitarian crisis. It’s also presented a high-stakes conundrum for the international press as the conflict captures the attention of the world and

By Danielle Wiener-Bronner, CNN New York (CNN) — Popeyes wants to recapture some of the magic from its chicken sandwich debut with a new line of wings. Starting Wednesday, customers will be able to get Honey BBQ wings, Roasted Garlic Parmesan wings and Signature Hot wings at Popeyes locations across the country, along with the