Money

By Matt Egan, CNN New York (CNN) — The controversial overhaul of Israel’s judicial system risks plunging the country into further turmoil that will hurt its economy and security, Moody’s Investors Service warned on Tuesday. “There is a significant risk that political and social tensions over the issue will continue, with negative consequences for Israel’s

By Vanessa Yurkevich and Chris Isidore, CNN Philadelphia (CNN) — UPS and the Teamsters have reached a tentative deal on a new contract, potentially avoiding a strike. A labor stoppage could have started as soon as next week and crippled US supply chains and been a multi-billion dollar hit to the economy. “We’ve changed the

By Elisabeth Buchwald, CNN New York (CNN) — The Senate Finance Committee is looking into whether billionaire investor Leon Black’s $158 million payment to disgraced financier Jeffrey Epstein was part of a greater strategy to avoid paying over $1 billion in federal gift and estate taxes. Black, the co-founder and former CEO of Apollo Global

By Nathaniel Meyersohn, CNN New York (CNN) — “Sound of Freedom,” a movie about a US federal agent who quit his job to chase child sex traffickers, has become what is, by the numbers, a summer blockbuster, taking in around $125 million in theaters since its debut. But it’s relying on an unusual strategy to

By Jamiel Lynch and Parija Kavilanz, CNN New York (CNN) — A 68-year-old woman has her job back after she was fired last month for attempting to stop shoplifters at a Lowe’s store in Georgia. On June 25, three suspects loaded over $2,000 worth of merchandise into shopping carts and left a Lowe’s store without

CNN, KGO By Jamiel Lynch and Parija Kavilanz, CNN New York (CNN) — A 68-year-old woman has her job back after she was fired last month for attempting to stop shoplifters at a Lowe’s store in Georgia. On June 25, three suspects loaded over $2,000 worth of merchandise into shopping carts and left a Lowe’s

By Alicia Wallace, CNN Minneapolis (CNN) — High interest rates aren’t souring Americans’ moods: A key measurement of consumer confidence just shot up to a level not seen since July 2021. The Conference Board’s monthly Consumer Confidence Index hit 117 in July, rising from 110.1 the month before, according to new data released Tuesday. The

By Hanna Ziady, CNN London (CNN) — Can it ever be too hot for ice cream? According to Unilever, yes. The maker of Magnum and Cornetto said Tuesday that the heat wave currently searing Europe could actually put consumers off the frozen dessert. When it comes to the weather, “there’s a sweet spot for temperature,”

By Parija Kavilanz, CNN New York (CNN) — Not only did the one-two punch of Barbie and Oppenheimer, crowned by America as “Barbenheimer,” leave audiences enraptured this past weekend, but the double feature’s opening box office performance could have seriously challenged the movie might of superhero blockbusters. At least in 2023. A pretty pink halo

By Jordan Valinsky, CNN Business New York (CNN) — Skittles’ newest flavor doesn’t taste like the rainbow. In celebration of National Mustard Day on August 5, the candy brand has partnered with French’s to make its first-ever mustard-flavored skittle. A press release describes the candies as having a “tangy mustard flavor” combined with the candy’s

By Anna Bahney, CNN Washington, DC (CNN) — Home prices remained high in May, dropping slightly from a year before when prices were near record highs and notching a monthly gain from April, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday. “The rally in US home prices continued in

By Alicia Wallace, CNN Minneapolis (CNN) — The global economy is showing more resilience than economists previously thought — but, although some risks have abated, choppy waters could still be ahead, the International Monetary Fund said Tuesday. In its latest update to its World Economic Outlook, the agency said it expects global growth of 3%

By Jordan Valinsky, CNN Business New York (CNN) — It’s easy to watch Lionel Messi play in the United States, but dressing like him is a bit more difficult. Fans hoping to purchase an authentic Inter Miami jersey featuring its newest star’s name will have to wait until mid-October (notably, that’s when the Major League

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve is expected to raise its benchmark lending rate this week to the highest level in 22 years — just one month after hitting pause on a historic spate of rate hikes meant to crush decades-high inflation. Moreover, the Fed could also hint at the

By Anna Cooban, CNN London (CNN) — TikTok will now allow users to post text-only content for the first time in a challenge to Elon Musk’s beleaguered X, formerly known as Twitter. Announcing the new post format Monday, the video streaming platform said it would broaden “options for creators to share their ideas and express

CNN By Anna Cooban, CNN London (CNN) — TikTok will now allow users to post text-only content for the first time in a challenge to Elon Musk’s beleaguered X, formerly known as Twitter. Announcing the new post format Monday, the video streaming platform said it would broaden “options for creators to share their ideas and

By Chris Isidore, CNN New York (CNN) — General Motors reported its second-quarter earnings surged 59%, and the company raised its full-year profit outlook. The company said its adjusted earnings reached $2.7 billion, or $1.91 a share. That’s up from the $1.7 billion it reported a year earlier. Analysts surveyed by Refinitiv had been forecasting

Reuters More than 1,500 app developers in the United Kingdom brought a £785 million ($1 billion) class action lawsuit against Apple Tuesday over its App Store fees. Revenues at Apple (AAPL)’s services business, which includes the App Store, have grown rapidly in the last few years and now hover around $20 billion per quarter. However,

By Jeanne Sahadi, CNN New York (CNN) — Thanks to legal tax avoidance strategies, illegal tax evasion schemes and creative accounting that rarely gets challenged by resource-starved authorities, countries around the world collectively stand to lose an estimated $4.7 trillion in revenue over the next decade unless substantial reforms are made to global tax rules.

By Juliana Liu, CNN Hong Kong (CNN) — TSMC, the world’s largest chipmaker, says it plans to invest nearly 90 billion New Taiwan dollars ($2.9 billion) to build an advanced chip plant in Taiwan, as it expands production to meet booming demand for artificial intelligence (AI) products. Last week, CEO C.C. Wei told analysts the