Money

By Samantha Murphy Kelly, CNN Business (CNN) — Some people browse TikTok and Instagram for recipes, memes and colorful takes on the news. Erin Coleman says her 14-year-old daughter uses these apps to search for videos about mental health diagnoses. Over time, the teen started to self-identify with the creators, according to her mother, and

By Hanna Ziady, CNN London (CNN) — Deutsche Bank has been trying to leave its troubled past behind for years. But the fines keep coming. The US Federal Reserve slapped the German lender with a $186 million penalty Wednesday for failing to fix “unsafe and unsound practices” that it pledged to address as long ago

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — A tentative deal was reached on Thursday between the union representing 1,500 stagehands and other backstage workers and Broadway producers, theater owners and operators to avert a strike that could have shut down shows in New York and touring shows across the country as

By Juliana Liu and Wayne Chang, CNN Hong Kong (CNN) — China has promised to throw its weight behind private businesses, just days after a slew of economic data showed growth momentum had slumped. The ruling Communist Party and the State Council, the cabinet, issued a policy document on state media late on Wednesday detailing

By Oliver Darcy, CNN (CNN) — Hollywood is in a state of absolute agony, but Netflix had some reason to celebrate on Wednesday, with the streaming giant releasing a smash earnings report after implementing its long-anticipated plans to clamp down on password sharing. It wasn’t all good news, though, and Wall Street remained disappointed. Here

By Michelle Toh, CNN Hong Kong (CNN) — Starbucks is teaming up with Blackpink, one of the world’s hottest musical acts. The prolific girl group, known for legions of fans across the globe who call themselves “Blinks,” announced a tie-up Thursday with the world’s biggest coffee chain to introduce a new beverage and line of

By Jamiel Lynch, CNN (CNN) — A Broward County jury has awarded a Florida family $800,000 in a civil lawsuit against McDonald’s and one of its franchisees after a toddler was burned by hot chicken nuggets. In May, the jury found that McDonald’s and franchise owner Upchurch Foods were liable for failing to properly warn

By Vanessa Yurkevich, CNN (CNN) — Negotiations will resume next week between UPS (UPS) and the Teamsters union, which represents 340,000 UPS (UPS) workers, ahead of a looming nationwide strike. This will be the first time the two sides have met since they walked away from the negotiating table following a marathon negotiating session over

By Clare Duffy and Samantha Delouya, CNN New York (CNN) — Netflix’s crackdown on password sharing appears to be paying off. The streaming giant on Wednesday said it added nearly six million paid subscribers during the three months ending in June, bringing its total to more than 238 million globally. The company said it has

By Chris Isidore, CNN New York (CNN) — Tesla reported a much bigger than expected increase in profits, despite a series of price cuts that trimmed the amount of revenue per vehicle sold. Tesla (TSLA) reported adjusted earnings of $3.1 billion, or 91 cents a share, up 20% from the second quarter last year. Analysts

By Krystal Hur, CNN New York (CNN) — As Americans desperately seek to cool off, some stocks are rising with the temperature. Shares of companies whose products help cool homes have gained as record temperatures hit the United States. Carrier Global shares have jumped 10.6% this month, Whirlpool rose 4.8% and Aaon added 8.3%. Those

By Anna Bahney, CNN Washington, DC (CNN) — Just 1% of all US homes changed hands in the first half of this year, the lowest share in at least a decade, according to data from Redfin. Only about 14 out of every 1,000 existing homes moved from one owner to another in the first half

By Jeanne Sahadi, CNN New York (CNN) — There are zero things wrong with fantasizing about winning tonight’s billion-dollar Powerball jackpot drawing. And dropping $5 to $10 to buy lottery tickets or scratch-offs on occasion can be considered entertainment spending. So, by all means, enjoy if that’s what you like. But, given everyone’s dreadfully poor

By Nicole Goodkind and Anna Cooban, CNN New York (CNN) — Global inflation is finally coming down, but heightened geopolitical tensions could mean that food is about to get a lot more expensive. Wheat futures soared by nearly 9% on Wednesday and are on track to hit their highest level in three weeks as tensions

By Clare Duffy, CNN New York (CNN) — Two weeks after Meta launched its Twitter competitor Threads and received an unprecedented amount of user signups, the frenzy around the app appears to have come back to Earth. After surpassing 100 million user sign-ups in less than a week, user engagement on Threads has slowed. Threads

By Sean Lyngaas, CNN New York (CNN) — Microsoft is offering free cybersecurity tools to some government and commercial customers following criticism of the tech giant’s handling of a major alleged Chinese hack that compromised US government email accounts. Starting in September, Microsoft cloud computing customers won’t have to pay extra money to get access

By Eva Rothenberg, CNN (CNN) — The Los Angeles City Controller’s office is investigating after NBCUniversal severely trimmed a row of trees outside its studios where members of SAG-AFTRA were picketing company executives, eliminating shade during a searing heatwave. “Trees are essential to providing Angelenos with significant environmental and public health benefits, especially during a

By Allison Morrow, CNN Business New York (CNN Business) — So, you won the lottery. Congrats! What do you do now? Once you’re done screaming and dancing in a shower of Champagne, take a moment to gather yourself and start thinking about the more pragmatic aspects of your new life as a multimillionaire (or billionaire).

By Brian Fung, CNN Washington (CNN) — Thousands of published authors are requesting payment from tech companies for the use of their copyrighted works in training artificial intelligence tools, marking the latest intellectual property critique to target AI development. The list of more than 8,000 authors includes some of the world’s most celebrated writers, including

By Jordan Valinsky, CNN New York (CNN) — Shares of Carvana, the online used-car seller known for its tall, glass car-vending machines, closed the trading day on Wednesday up by more than 40% after the company reached a debt restructuring agreement. The Phoenix-based company will reduce its outstanding debt by more than $1.2 billion, according