Money

By David Goldman, CNN New York (CNN) — Melinda French Gates, one of the world’s preeminent philanthropists, said Monday she would resign as co-chair of the Bill & Melinda Gates Foundation that she has helped lead since 2000. The foundation has made nearly $78 billion worth of grant payments in the nearly 25 years since its

By Matt Egan, CNN New York (CNN) — US officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused by crashing home prices, frozen financial markets and soaring delinquencies. The US Financial Stability Oversight Council, a SWAT team of financial regulators formed after the 2008 crisis,

By Anna Cooban, CNN London (CNN) — More than a year after Shein promised to tackle excessive working hours in its supply chain, a new report suggests the Chinese fast-fashion company still has a problem. Workers in some factories supplying Shein are still working 75-hour weeks, according to an investigation by Public Eye, a Swiss human

By Krystal Hur, CNN New York (CNN) — The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. The surge had nothing to do with the troubled company’s fundamentals — and everything to do with a cartoon of a gamer that the trader,

By Peter Valdes-Dapena, CNN (CNN) — Porsche is set to unveil one of the biggest changes to its signature model. A hybrid Porsche 911, with its gas engine assisted by at least one battery-powered electric motor, will officially be revealed in an online event on May 28. The move is a major step in the

By Jordan Valinsky, CNN New York (CNN) — Apple Store workers in Towson, Maryland, the first of the tech giant’s retail employees to unionize, made history again by voting late Saturday in favor of authorizing a strike. The International Association of Machinists and Aerospace Workers Coalition of Organized Retail Employees (IAM CORE), the union representing the

By Parija Kavilanz, CNN New York (CNN) — Wedding dress shopping may never go back to what it used to be. Instead of collecting your entire bridal entourage to spend a few hours at a boutique trying on several dresses for the perfect find at a lofty price of a $1,000 or more, some retailers

By Eva Rothenberg, CNN New York (CNN) — A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8. US District Judge Mark T. Pittman, an appointee of former President Donald Trump, granted a preliminary injunction to

By Victor Blackwell, Devon M. Sayers, Hyan de Freitas and Kara Nelson, CNN (CNN) — Florida A&M University is putting a purported $237.75 million donation “on pause,” after media reports and college board leaders raised concerns about the actual value of the stock gift—and the details surrounding the donor’s previous donations. “A decision that was

By Danielle Wiener-Bronner, CNN New York (CNN) — McDonald’s and other fast food chains are charging more. So much so that you may want to consider going for a slightly slower burger. Or at least, that’s what Applebee’s wants you to think about. “You can get our burger for $9.99,” John Peyton, CEO of Applebee’s

By Nathaniel Meyersohn, CNN New York (CNN) — If you took an American Airlines flight in the 1960s, you’d be wined and dined from the Coach-class “Royal Coachman” menu. Your meal began with the beef consommé and proceeded to sautéed breast of chicken in wine. Care for a fruit tartlet for dessert? Today, if you’re

By Samantha Delouya, CNN (CNN) — Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. Simons was 86 years old. Simons, the founder of the hedge fund Renaissance Technologies, helped to pioneer quantitative investing, a market strategy that relies on mathematical and

By Anna Cooban, CNN London (CNN) — As many as 800 activists gathered outside Tesla’s factory near Berlin Friday to protest its expansion plans, and some of them clashed with police as they attempted to break into the plant. “There are currently 800 activists on the Tesla Gigafactory site as part of the Disrupt Tesla

By Brian Fung, CNN Washington (CNN) — Buckle up: An unusual amount of solar activity this week could disrupt some of the most important technologies society relies on. On Thursday, the US government issued its first severe geomagnetic storm watch in nearly 20 years, advising the public of “at least five earth-directed coronal mass ejections”

By Jeanne Sahadi, CNN New York (CNN) — The good news is your child got into college and is preparing to enroll this fall. The bad news is that you’ve just learned the aid package your child’s school is offering is much smaller than you’d hoped. That means your share of the total cost of

By Peter Valdes-Dapena, CNN (CNN) — Two Hyundai models and one Kia were the three most-stolen vehicles last year, according to a report from the National Insurance Crime Bureau. Hyundai Elantra compact cars were stolen more than 48,000 times last year while Hyundai Sonata sedans were stolen almost 43,000 times, according to the report. Kia

By Ramishah Maruf, CNN New York (CNN) — Apple faces plenty of challenges this year including regulatory scrutiny in Washington, sluggish sales in China and a competitive landscape in AI. Now, its leaders also have to contend with labor unrest. Apple store workers in Towson, Maryland, made history in June 2022 when they voted to