Money

By Oliver Darcy, CNN Business Former Fox News host Ed Henry, who was fired in 2020 over a sexual misconduct allegation, filed a defamation lawsuit on Wednesday against the right-wing news network and chief executive Suzanne Scott. The lawsuit accused Scott of having “publicly smeared” Henry as a “sex criminal” when she released a statement

By Allison Morrow Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. TSK TSK A Wall Street regulator ordered Robinhood to pay about $70 million for “systemic supervisory failures” and hurting investors by giving them “false or misleading information.” That’s

By Matt Egan, CNN Business American drivers need OPEC and Russia to come to the rescue. Gasoline prices, averaging $3.12 a gallon in the United States according to AAA, are at seven-year highs just as millions of people hit the road for the July 4th holiday weekend. Some gas stations are even running out of

By Matt Egan, CNN Business Some companies can’t wait to get to get their employees back to the office full-time. Synchrony Financial is not one of them. Synchrony, America’s largest store credit card company, is not allowing employees to return to the office five days a week even as the pandemic winds down. Almost everyone,

By Michelle Toh, CNN Business Didi went public Wednesday in the biggest US share offering by a Chinese company since Alibaba debuted in 2014. Stock in China’s biggest ride-hailing service finished its first day of trading in New York at $14.14, 1% above its initial public offering price of $14 a share. The stock had

By Anneken Tappe, CNN Business It’s the half-way point of the year and President Joe Biden’s stock market has quite the rally to show for itself: The S&P 500 closed at a record high Wednesday and has already reached the target some analysts set for the entire year. The index, the broadest measure of the

By Alicia Wallace, CNN Business It’s just about closing time on Thursday in early June and the regulars are catching up and winding down after a busy night of darts league. They shoot the breeze, fling back a couple of shots, and spout off lyrics (“get on your bikes and ride!”) to accompany the tunes

By Matt Egan, CNN Business Democrats are once again taking aim at dreaded bank overdraft fees. New York Congresswoman Carolyn Maloney reintroduced legislation on Wednesday that would crack down on overdraft fees, making it illegal for banks to charge more than one fee per month. The bill, which is very similar to legislation Maloney sponsored

By Alexis Benveniste, CNN Business Ampex Brands — a franchisee that owns more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven locations — is buying Au Bon Pain. Panera, which purchased Au Bon Pain in 2017, will sell all 171 of Au Bon Pain’s locations and will allow Ampex to franchise

By Chris Isidore, CNN Business Consumer Reports and the Insurance Institute for Highway Safety have once again given their thumbs up to the Tesla Model 3 after it passed a test of its new automatic braking system. As of May 1, Tesla switched from a radar-based system to a camera-based system it dubbed Tesla Vision

By Hanna Ziady, CNN Business The collapse in international tourism due to the coronavirus pandemic could cost the global economy as much as $2.4 trillion this year, as the uneven rollout of vaccines devastates developing countries that are highly dependent on overseas visitors. In a report published Wednesday, the United Nations Conference on Trade and