Money

By Jeanne Sahadi, CNN New York (CNN) — Mostly large US corporations are projecting an average increase in their base pay budgets of 3.9% for next year, according to a new survey of 300 compensation leaders across 11 major industries from The Conference Board. That is lower than the 4.4% average increase they paid out

Reuters (CNN) — Air Canada said early on Sunday it had reached a tentative agreement with its pilots union over a new four-year collective agreement, in a last-minute deal that will avert a near-term strike or lockout. Before the tentative agreement was reached, Canada’s largest airline had been preparing to progressively cancel flights over three

By Alexandra Peers, CNN (CNN) — Some people really do leave money to their pets. And it’s legal. In June 2019, designer Karl Lagerfeld passed away. A chunk of his fortune, amassed after decades of helming the fashion house Chanel, was left to his cat, Choupette. “There is no marriage, yet, for human beings and

By Robert Ilich, CNN (CNN) — A short but tense distribution dispute between Disney and DirecTV came to an end Saturday after the two sides agreed to a new deal that will restore Disney-owned channels, including ABC, ESPN and FX, to the satellite TV provider. DirecTV stopped airing Disney-owned channels on September 1, denying sports

By Ramishah Maruf, CNN New York (CNN) — Home Depot will pay nearly $2 million to settle a civil enforcement claim from California district attorneys that the home improvement company was engaging in false advertising and unfair competition. The complaint filed in San Diego Superior Court said that when people at Home Depot brought an

By Allison Morrow, CNN New York (CNN) — Lawyers for Sam Bankman-Fried, the convicted former CEO of crypto exchange FTX, filed an appeal Friday, claiming he was denied a fair trial last fall and seeking new proceedings under a different judge. Bankman-Fried, 32, was sentenced to 25 years in prison after a jury convicted him

By Matt Egan, CNN New York (CNN) — Former President Donald Trump said Friday that he is not selling shares in his controversial social media company, an announcement that sent the stock prices skyrocketing. Trump and other insiders in Truth Social owner Trump Media & Technology Group will be free to sell shares as soon

By Kayla Tausche and Matt Egan, CNN (CNN) — As presidential politics cloud the outlook of US Steel’s merger with its Japanese rival, a national security review of the deal is now not expected to be decided until after the election, according to people familiar with the matter. The Committee on Foreign Investment in the

By Bryan Mena, CNN Washington (CNN) — Americans are feeling a greater sense of optimism about the US economy this month, thanks to slower inflation. Voters also see a greater likelihood that Vice President Kamala Harris will defeat former President Donald Trump in the upcoming November election. The University of Michigan’s latest consumer survey, released

By Hadas Gold, CNN New York (CNN) — A Nevada judge has ruled that billionaire media mogul Rupert Murdoch and his family can hold a secret court battle over the future of his vast media empire behind closed doors. The judge rejected a petition by a coalition of media organizations, including CNN, The New York Times, NPR,

By Olesya Dmitracova, CNN London (CNN) — OpenAI has unveiled a new artificial intelligence model that it says can “reason” and solve harder problems in science, coding and math than its predecessors. The model, the first in a series called OpenAI o1, was released Thursday as a preview, with the firm saying it expects regular updates

By Jon Passantino and Sean Lyngaas, CNN (CNN) — Where did the money go? The right-wing social media stars who were allegedly paid millions of dollars in a nefarious Russian influence operation to shape public opinion around the 2024 US presidential election are remaining mum. Last week, the Justice Department alleged that Russian state media producers

By Elisabeth Buchwald, CNN New York (CNN) — For much of the last two years, the 2-year US Treasury yield has traded above the 10-year yield. When that happens, it historically has meant a recession is looming. So you’d think that investors and economists would have celebrated last week when that warning sign stopped flashing.

By Nathaniel Meyersohn, CNN New York (CNN) — A year ago, America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key merchandise and declared big losses in their financial statements. This year, retailers are telling a very different story — or no story at all. It’s as

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — About 33,000 union members at Boeing have started to walk off the job on Friday after they overwhelmingly rejected a proposed four-year contract with the troubled aircraft manufacturer. The strike, the first at the company in 16 years, will virtually stop commercial airplane production

By Juliana Liu, CNN Hong Kong (CNN) — Hyundai and General Motors (GM) have agreed to look for ways to work together on developing new vehicles, supply chains and technologies in an effort to cut costs and move more quickly. Global carmakers are under intense pressure to come up with new electric vehicle (EV) and

By Marshall Cohen, CNN Washington (CNN) — A major defamation case against Newsmax will proceed to trial later this month, a judge ruled Thursday, dealing a blow to the right-wing network and setting the stage for the 2020 election to be relitigated during the final stretch of the 2024 race. Delaware Superior Court Judge Eric Davis rejected Newsmax’s