Money

By Brian Fung, CNN (CNN) — Twitter is threatening Meta with a lawsuit after the blockbuster launch of Meta’s new Twitter rival, Threads — in perhaps the clearest sign yet that Twitter views the app as a competitive threat. On Wednesday, an attorney representing Twitter sent Meta CEO Mark Zuckerberg a letter that accused the

By Gregory Wallace (CNN) — The replacement for a crumbling underwater tunnel connecting New York City and New Jersey that carries up to 200,000 people daily just received the largest-ever federal transportation grant, according to Senate majority leader Chuck Schumer. The $6.88 billion grant for the Gateway project includes constructing a new tunnel beneath the

By Peter Valdes-Dapena, CNN Business (CNN) — Ten self-driving electric Volkswagen buses will soon cruise the streets of Austin, Texas, testing autonomous driving technology. The automaker said it plans to launch commercial services in Austin by 2026. VW’s announcement comes less than a year after the German automaker and its partner Ford announced they would

By Krystal Hur, CNN New York (CNN) — Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected. The Dow dropped 366 points, or 1.1%, after falling nearly 500 points earlier in the trading session. The

By Kristina Sgueglia, CNN New York (CNN) — Snarled train traffic between New York City and Philadelphia this morning is moving again. While delays should “still be expected” Amtrak rail service has been restored “in both directions” between New York and Philadelphia following earlier overhead power issues in New Jersey, Amtrak said in a statement.

By Alicia Wallace, CNN Minneapolis (CNN) — The number of available jobs in the United States dropped in May after an uptick the month before, the Bureau of Labor Statistics reported Thursday. Job openings fell to 9.82 million at the end of May, dropping from an upwardly revised 10.3 million in April, according to the

By Sean Lyngaas, CNN New York (CNN) — Japan’s busiest shipping port said Thursday it would resume operations after a ransomware attack prevented the port from receiving shipping containers for two days. The expected restoration of the Port of Nagoya, a hub for car exports and an engine of the Japanese economy, will ease concerns

By Clare Duffy, CNN New York (CNN) — Facebook-parent Meta officially launched its Twitter competitor, Threads, last Wednesday, after first confirming its plans for the app just three months ago. Threads is already off to a strong start: it received 100 million sign-ups in less than a week, the app shows, including a large number

By Alicia Wallace, CNN Minneapolis (CNN) — US companies saw a massive, unexpected spike in hiring activity in June, according to private payroll processor ADP’s latest employment report, released Thursday morning. ADP’s National Employment Report, produced in a collaboration with the Stanford Digital Economy Lab, showed that the private sector added 497,000 jobs last month,

By Matt Egan, CNN New York (CNN) — Washington should crank up the pressure on Moscow as Russian President Vladimir Putin is confronted by a powerful one-two punch of military and economic failures, former CIA director David Petraeus tells CNN. “Putin is in a very, very difficult situation,” Petraeus said in a phone interview. “We