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By Rhea Mogul, CNN New Delhi (CNN) — A Bollywood film has been accused of trivializing the murder of millions during the Holocaust with flippant dialogue and a storyline that uses the Nazi’s death camps as a metaphor for relationship woes, prompting a prominent Jewish rights group to call for its removal from streaming platforms.

By Ramishah Maruf, CNN New York (CNN) — The maker of Oreo and Cadbury Dairy Milk chocolate is thanking an increased demand for sweets in the first half of the year for its positive forecast, Mondelez (MDLZ) International said in its second quarter earnings call Thursday. “We feel good about continued consumer confidence,” the company

By Danielle Wiener-Bronner, CNN New York (CNN) — Chick-fil-A is testing out two new restaurant concepts — a four-lane drive thru with a kitchen above and a walk-up store for digital orders — as it becomes the latest chain to try to get customers to skip the dining room. The drive-thru is set to open

By Elisabeth Buchwald, CNN New York (CNN) — US bank regulators advanced proposals on Thursday aimed at safeguarding the nation’s largest banks in the wake of three regional bank failures earlier this year. The new rules proposed by the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation would

By Allison Morrow, CNN New York (CNN) — A woman is suing the billionaire investor Leon Black, accusing him of raping her at Jeffrey Epstein’s Manhattan townhouse when she was 16 years old. The lawsuit describes in gruesome detail the woman’s account of a sexual assault that left her bleeding and sobbing. Her lawyers say

By Chris Isidore, CNN New York (CNN) — Losses are going up on Ford’s electric vehicle business, but profit from its traditional internal combustion engine vehicles allowed it to beat Wall Street expectations. The company earned 72 cents a share in the second quarter on an adjusted basis, up from 68 cents a share and

By Chris Isidore, CNN New York (CNN) — The costs to Norfolk Southern from the February derailment in East Palestine, Ohio, are now approaching $1 billion, the company reported Thursday. The company disclosed it had taken another $416 million charge against its second-quarter earnings, mostly to cover the estimated ongoing clean-up costs at the derailment

By Peter Valdes-Dapena, CNN Business (CNN) — Thanks to a combination of new models, more production and new tax laws, electric vehicles are no longer just for the wealthy. While the average sale price of a new vehicle – gasoline or electric – hovers around $48,000, automakers like General Motors, Ford, Hyundai, Kia and Volkswagen

By Matt Egan, CNN New York (CNN Business) — “Barbie” and “Oppenheimer” have been such blockbuster movies that their impact appears to be showing up in economic statistics. Bank of America cardholders increased their non-gasoline spending by 1.9% year over year during the week ending July 22, the bank said Thursday. While spending in many

By Anna Cooban, CNN London (CNN) — Some of Europe’s biggest banks are setting aside more cash to absorb potential losses on loans, as rising interest rates increase pressure on borrowers. UK-based Barclays reserved £896 million ($1.2 billion) in the first half of this year to cover possible defaults by borrowers, more than double the

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates moved higher this week following the Federal Reserve’s rate hike, after dropping last week. The 30-year fixed-rate mortgage averaged 6.81% in the week ending July 27, up from 6.78% the week before, according to data from Freddie Mac released Thursday. A year ago, the

By Chris Isidore, CNN New York (CNN) — The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees. The company narrowly avoided a fatal strike by the Teamsters earlier this week after Yellow missed payments to pensions and healthcare funds, as the union agreed to give it extra time

By Anna Bahney, CNN Washington, DC (CNN) — US pending home sales rose in June, up 0.3% from the previous month, marking the first increase since February. The pending sales index, a forward-looking indicator based on signed contracts to buy a home, rather than the final sales that are accounted for in existing home sales,

By Krystal Hur, CNN New York (CNN) — The Dow slipped on Thursday, snapping a 13-day winning streak. The blue-chip index fell 237 points after being on track to close higher for a 14th consecutive session. That would have marked the Dow’s longest run of consecutive gains since May 1897. If the Dow had closed

By Bryan Mena, CNN Washington (CNN) — The US economy picked up steam in the second quarter despite punishing rate hikes and still-high inflation, the Commerce Department reported Thursday. Gross domestic product, the broadest measure of economic output, grew by an annualized, seasonally adjusted 2.4% rate in the April-through-June period. That was a faster pace

By Brian Fung, CNN Washington (CNN) — European officials are investigating whether Microsoft’s practice of bundling its Teams software with Office 365 is anticompetitive, the European Commission said Thursday. The EU probe follows a formal complaint by Microsoft’s rival, the Salesforce-owned Slack, in 2020, alleging that Microsoft has illegally circumvented competition. By packaging Teams together

By Hanna Ziady, CNN London (CNN) — The European Central Bank raised interest rates by a quarter of a percentage point Thursday but hinted it could pause at its next meeting, as data points to a deepening economic downturn in the 20 countries that use the euro. The ECB hiked the benchmark rate in the

By Jordan Valinsky, CNN Business New York (CNN) — Jell-O is saying hello to a makeover. The jiggly snack’s logo and packaging are getting a whole new look, their first in a decade, as owner Kraft Heinz looks to revitalize the dowdy brand. Customers will soon see a bigger logo displayed on more colorful packaging

By Danielle Wiener-Bronner, CNN New York (CNN) — McDonald’s is planning to test out a new restaurant idea, called “CosMc’s.” CosMc’s is named for a little-known McDonald’s character. He is an alien. “CosMc’s is a small format concept with all the DNA of McDonald’s but its own unique personality,” CEO Chris Kempczinski said during an

By Krystal Hur, CNN New York (CNN) — Cyclical stocks that tend to rise and fall with the economy are rallying, the latest sign that investors are becoming more optimistic about the possibility of a “soft landing,” i.e. no recession. The Dow Jones Industrial Average index has gained 3.2% this month, outperforming the S&P 500