Money

By Hanna Ziady, CNN London (CNN) — The UK Treasury has flatly contradicted Prime Minister Rishi Sunak’s claim that its impartial officials had calculated that the opposition Labour Party would “put up everyone’s taxes by £2,000.” Sunak made the claim during a televised debate Tuesday ahead of July’s election, as he and Labour leader Keir

By Nathaniel Meyersohn, CNN New York (CNN) — Champion, the more than century-old sportswear brand, has a new owner. Hanes has been under pressure from activist investors to cut costs. Known for its underwear brands and basic clothing lines, Hanes is getting back to its roots. Hanesbrands announced Wednesday that it will sell Champion to

By Jordan Valinsky, CNN New York (CNN) — The website for the Columbia Law Review is no longer accessible following the publication of an article critical of Israel that the publication’s board said did not go through the proper review process. At issue is the publication of an article that said Palestinians are living under

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. One of Donald Trump’s biggest media boosters is in serious legal jeopardy. In an astonishing indictment made public this week, the Department of Justice accused The Epoch Times of having “benefited”

By Ramishah Maruf, CNN New York (CNN) — Lululemon, maker of the pricey yogawear sported by seemingly everyone from Pilates moms to college students to preteens in the US, is at a crossroads. For over a decade, the company has fought off competitors like Athleta and Nike to dominate the luxury athleisure market, managing to

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar Tree said Wednesday it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a disastrous merger. Family Dollar has around 8,000 US stores, catering to low-income customers predominantly in cities with

By Nathaniel Meyersohn, CNN New York (CNN) — Hourly retail security workers are now wearing police-like body cameras at major stores. Retail giant TJX, the parent of TJ Maxx, Marshalls and HomeGoods, said it’s equipping some store employees with body cameras to thwart shoplifting and keep customers and employees safe. TJX finance chief John Klinger

By Matt Egan, CNN (CNN) — Treasury Secretary Janet Yellen is expected to warn bankers and tech executives on Thursday that while artificial intelligence could open the door to vast rewards for the financial system, the technology also threatens to introduce new dangers, according to speech excerpts shared first with CNN. Yellen’s speech at a conference

By Laura He, CNN Hong Kong (CNN) — A Chinese government agency established to promote trade with Russia has been trying to source drone detectors and jammers, adding to concerns that Beijing may be supplying dual-use technology to Moscow. Foreign companies were seeking “unmanned aerial vehicle (UAV) equipment,” including drone detectors and jammers, according to

By Hilary Whiteman, CNN Brisbane, Australia (CNN) — Australia’s eSafety commissioner has dropped her legal bid to force Elon Musk’s social media site X to hide a violent video of a church stabbing in Sydney from global users. Julie Inman Grant had sought a Federal Court ruling after X failed to fully comply with a

By Danielle Wiener-Bronner, CNN New York (CNN) — Years ago, Special K marketed to women by promising that they could lose weight by replacing two meals a day with bowls of cereal. These days, it’s trying a different approach. The cereal brand has partnered with Molly Baz, a cookbook author who was recently the star

By Samantha Murphy Kelly, CNN (CNN) — AT&T says it has resolved an outage that left some customers in the dark on Tuesday. Earlier, the company said a problem prevented many AT&T customers from completing calls between carriers. “The interoperability issue between carriers has been resolved,” an AT&T spokesperson said. “We collaborated with the other

By Bryan Mena, CNN Washington (CNN) — From extreme poverty to discrimination at the workplace, surveys and studies show that transgender people deal with a bevy of economic struggles. A joint report from the National Center for Transgender Equality and the National Gay and Lesbian Task Force found that transgender Americans were “nearly four times

By Ramishah Maruf, CNN New York (CNN) — Columbia University has settled with a Jewish student who sued in late April, claiming the Ivy League university failed to provide a safe environment. It’s one of the first such settlements reached as the university faces lawsuits and investigations from Jewish, Palestinian, Arab and pro-Palestinian students for

By Peter Valdes-Dapena, CNN (CNN) — Toyota is recalling nearly 100,000 Tundra pickups and about 3,500 Lexus LX 600 luxury SUVs to fix a problem that could cause their engines to lose power while driving. In some of these vehicles, debris from the manufacturing process may have been left inside the engine where it can

By Peter Valdes-Dapena, CNN (CNN) — If you’re wondering how much your car is worth, or how much to pay for that car you’re thinking of buying, there’s a good chance you’ll check KBB.com. That’s short for Kelley Blue Book, and it’s one of the longest-standing sources for used car values there is. A man

By Matt Egan, CNN New York (CNN) — CEOs are raking in fat pay packages as the US stock market booms. Bosses have always made more money than workers. But the gap between CEOs and employees is growing. The median CEO in the S&P 500 was paid 196 times as much as the median employee

By Samantha Murphy Kelly, CNN (CNN) — A group of OpenAI insiders are demanding that artificial intelligence companies be far more transparent about AI’s “serious risks” — and that they protect employees who voice concerns about the technology they’re building. “AI companies have strong financial incentives to avoid effective oversight,” reads the open letter posted

By Jordan Valinsky, CNN New York (CNN) — Logan Paul’s Prime drink has some new competition in the form of the G.O.A.T. Soccer superstar Lionel Messi has partnered with White Claw’s parent company to create a new hydration beverage, marking his entrance into the $33 billion category dominated by entrenched competitors Paul’s Prime, Gatorade and