Money

By Hanna Ziady, CNN London (CNN) — Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals. Stellantis (STLA), which also makes Ram Trucks and Jeep, Citroen and Peugeot cars, said

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Time is running out to avoid a work stoppage at ports along the entire East and Gulf Coasts in what could become the most disruptive strike to the US economy in decades. Members of the International Longshoremen’s Association are set to go on strike

By Samantha Delouya, CNN (CNN) — Just 2.5% of homes in the US changed hands this year in the first eight months, the lowest turnover rate in at least 30 years, according an analysis by Redfin. The latest data from the real estate brokerage underscores just how much the housing market has stalled in 2024

By Brian Stelter, CNN New York (CNN) — Amazon attracts millions of live viewers for Thursday Night Football games. The company also carries A-list concert performances and a seemingly endless number of shopping live-streams. Up next: One special night of news coverage. The former NBC News and MSNBC anchor Brian Williams is nearing a surprise deal to lead election

Story by Reuters (Reuters) — California Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation. Newsom said he had asked leading experts on Generative AI to help California “develop workable guardrails” that focus “on developing an empirical,

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — If longshore workers at East and Gulf Coast ports go on strike Tuesday, as now appears likely, it could choke off the supplies of many popular products that flow over those docks. But not necessarily right away. Businesses have been nervously watching the 12:01

By Ramishah Maruf, CNN New York (CNN) — When Jordan Myrick first moved to California in high school and heard about dirty sodas, she wasn’t the biggest fan. “It was a weird thing,” Myrick said. But in 2023, Myrick, who said she is “very passionate about soda,” visited Utah on a “The Real Housewives of

By Allison Morrow, CNN New York (CNN) — What do you get when you combine lower interest rates and a viral baby pygmy hippo? Moo Deng crypto. Given the sudden popularity of Moo Deng, the Thai national treasure whose name roughly translates as “bouncy pork,” it was only a matter of time before someone turned

By Jordan Valinsky, CNN New York (CNN) — WeightWatchers CEO Sima Sistani, who pushed the company into embracing weight-loss drugs, is leaving the position after a two-and-a-half year stint. Under Sistani, the 61-year-old company bought a telehealth platform that connected patients with doctors who can prescribe weight-loss and diabetes drugs, including Ozempic and Wegovy, representing

By Juliana Liu, CNN Hong Kong (CNN) — The billionaire owner of French luxury powerhouse LVMH has seen his wealth inflate by $17 billion dollars in just one day, after China announced fresh moves to restore economic growth that some call the long-awaited “bazookas” needed to revive confidence. Bernard Arnault isn’t the only winner. China and

By Matt Egan, CNN (CNN) — A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. United Atlantic Ventures, managed by Trump Media

By Pete Muntean, CNN (CNN) — The National Transportation Safety Board is issuing “urgent safety recommendations” for some Boeing 737s—including the embattled 737 MAX line— warning that critical flight controls could jam. The independent investigative agency is issuing the warning that an actuator attached to the rudder on some 737 NG and 737 MAX airplanes

By Marshall Cohen, CNN The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major defamation lawsuit Thursday in a last-minute agreement, averting a high-stakes trial over the airing of false 2020 election claims. The terms of the settlement were not immediately known. The deal comes hours after jury selection got underway in a Wilmington, Delaware, courtroom ahead of opening statements

By Jordan Valinsky and Brian Stelter, CNN New York (CNN) — Hoda Kotb, the co-host of NBC’s morning show, “Today,” is leaving her position early next year, she announced Thursday. Kotb, one of the most famous faces on NBC, has co-hosted the program with Savannah Guthrie since 2017, taking over from Matt Lauer, who was

By Chris Isidore, CNN New York (CNN) — Southwest Airlines’ substantial changes to its business and boarding process are coming – but not for a while. Open seating isn’t going away for more than a year. The airline said on Thursday that its passengers will be able to book a reserved seat in late 2025