Money

By Brian Fung, CNN (CNN) — TikTok ramped up its attacks on the Biden administration Thursday over a law that could ban the popular app from the United States, arguing in a court filing that US TikTok users could be forced to live on an “island” of content disconnected from the rest of the world

By Peter Valdes-Dapena, CNN (CNN) — Bugatti has unveiled its new model, the Bugatti Tourbillon, a massively powerful hybrid with an equally impressive pricetag. The car will replace the $3.3 million, 1,500 horsepower Bugatti Chiron. You might have expected Bugatti’s new model to be all-electric. Not only is the industry headed in that direction, but

By Ramishah Maruf, CNN New York (CNN) — Parts of a pricey blender that can cost up to $990 can cause deep cuts, Vitamix announced in an expanded recall Thursday — but don’t expect a refund. After dozens of reports of lacerations from exposed blades, Vitamix announced a recall of about 569,000 blending containers and

By Danielle Wiener-Bronner, CNN New York (CNN) — Restaurant chains from Applebee’s to McDonald’s have in recent months clocked a troubling trend: Customers watching their budgets are spending less, and dining out less often. So they’ve come up with a solution — offer meal deals and discounts to bring people back. But Olive Garden is holding

By Brian Fung, CNN (CNN) — Big changes are coming for New York’s youngest social media users after Gov. Kathy Hochul signed two bills into law Thursday clamping down on digital platforms’ algorithms and use of children’s data. The unprecedented move makes New York the first state to pass a law regulating social media algorithms

By Peter Valdes-Dapena, CNN (CNN) — Toyota is recalling 145,000 Lexus TX and Toyota Grand Highlander SUVs because of an issue that could cause one of the side curtain airbags to fail to deploy in some situations. The curtain airbag on the driver’s side may not deploy properly “during certain crashes” if the driver’s side

By Chris Isidore, CNN New York (CNN) — Reports of harrowing and sometimes tragic incidents aboard airplanes seem to have accelerated this year, leading many to wonder if it’s still safe to fly. Statistics suggest that flying commercial is still the safest way to travel. But the first half of this year has been one

By Bryan Mena, CNN Washington (CNN) — Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. The standard 30-year fixed-rate mortgage averaged 6.87% in the week ending June 20, mortgage financing giant Freddie Mac reported Thursday. That’s down from last week’s 6.95% average and

By Clare Duffy, CNN New York (CNN) — The OpenAI co-founder who left the high-flying artificial intelligence startup last month has announced his next venture: a company dedicated to building safe, powerful artificial intelligence that could become a rival to his old employer. Ilya Sutskever announced plans for the new company, aptly named Safe Superintelligence

By Oliver Darcy, CNN (CNN) — Two Pulitzer Prize-winning journalists at The Washington Post went on the record late Wednesday, calling for leadership change at the storied newspaper as questions swirl over the integrity of its new publisher and chief executive, Will Lewis. “I don’t know a single person at the Post who thinks the

By Hanna Ziady, CNN London (CNN) — Leading shipping groups have urged governments “with influence” to put a stop to Houthi attacks on vessels in the Red Sea after a second freighter sank this week. At least three seafarers have been killed in the attacks so far. The latest sinking is likely to have led

By Jordan Valinsky, CNN New York (CNN) — McDonald’s has revealed the details of its highly anticipated $5 value meal, which the fast food chain hopes will rev up sluggish sales and lure back customers who have cut back. Beginning June 25, McDonald’s US locations are selling a “$5 Meal Deal” for a limited time.

By Jordan Valinsky, CNN New York (CNN) — This weekend’s rematch between basketball rivals Caitlin Clark and Angel Reese is breaking more records before it even begins. Ticket prices for Clark’s Indiana Fever and Reese’s Chicago Sky are the most expensive for a WNBA game ever, according to TickPick, with the average hovering at around

By Matt Egan, CNN New York (CNN) — Corporate America is rapidly adopting artificial intelligence to automate work once exclusively done by humans. More than half (61%) of large US firms plan to use AI within the next year to automate tasks previously done by employees, according to a survey of finance chiefs released Thursday.

By Elisabeth Buchwald, CNN New York (CNN) — It’s easy to grasp why Apple, Microsoft and Google are multitrillion-dollar companies: Just think about how many people around the world interact with the companies’ products and rely on them to go about their daily lives. But these multigenerational brand names are now trailing behind Nvidia, suddenly

By Anna Cooban, CNN London (CNN) — Private schools in Britain conjure up images of rolling lawns, pristine tennis courts, and dormitory rooms, serving as gilded hothouses of privilege. Eton College, perhaps the most famous, has educated no fewer than 20 UK prime ministers. These schools may soon become even more exclusive if the opposition

By Laura He and Olesya Dmitracova, CNN Hong Kong/London (CNN) — Battered by Western sanctions, Russia’s largest privately owned bank is expanding its business in the world’s second-largest economy. Alfa Bank, controlled by sanctioned Russian oligarch Mikhail Fridman, has launched a website and support service in Chinese for businesses in the country, it said in

By Natasha Chen, CNN (CNN) — Two employees are suing the Walt Disney Company, saying the company moved their jobs from California to Florida, only for Disney to cancel the project and move them back, hurting them financially and emotionally. They’re proposing a class action, alleging there are many others in a similar situation. In 2021,

By Pete Muntean, CNN (CNN) — At least two major airlines have warned pilots that if a bird hits one of the engines on a Boeing 737 Max, the passenger cabin could become filled with smoke. Documents newly obtained by CNN detail that Boeing warned Southwest Airlines and American Airlines of the potential problem in

By Clare Duffy, CNN New York (CNN) — Airbnb has undermined users’ safety by scaling back its work to remove extremists from its platform, a former contractor alleged in a new whistleblower complaint. Jess Hernandez worked full-time as an investigations analyst for Airbnb’s dangerous organizations team from May 2022 to November 2023, researching extremist networks