Money

By Allison Morrow, CNN New York (CNN) — A year ago Tuesday, the world watched in horror as a multinational search began for a commercial sub and five passengers that, days later, would end in tragedy. The agonizing spectacle sent a chill through the small but growing community of deep-sea submersible enthusiasts. OceanGate, the controversial

By Laura He, CNN Hong Kong (CNN) — Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The legendary investor’s conglomerate sold another 1.35 million Hong Kong-listed shares of BYD on June

By Samantha Delouya, CNN (CNN) — Last month, a much-beloved piece of American history was nearly stolen – but not in a museum heist or a home burglary. Instead, self-proclaimed scammers used a fraudulent real estate scheme. In late May, Graceland, Elvis Presley’s iconic Memphis home-turned-tourist-attraction, was nearly auctioned off when a company called Naussany

By Hadas Gold, CNN (CNN) — Alex Jones’ notorious conspiracy platform Infowars may have survived a key decision from a federal judge last week, but the platform’s future is far from secure. A bankruptcy judge in Houston on Friday allowed Jones to liquidate his personal assets to help pay the nearly $1.5 billion that he owes the families of

By Erika Tulfo, CNN (CNN) — McDonald’s is pulling the plug on artificial intelligence ordering technology it was testing at more than 100 restaurant drive-thru systems in the US, a possible hiccup in the rapid rollout of AI in the fast food industry. The company had worked with IBM to develop and test AI-driven, voice-automated

By Ramishah Maruf, CNN New York (CNN) — Taking care of Fido is getting out of reach for more Americans. Nationwide Pet, the country’s largest provider of pet insurance, says it is dropping about 100,000 policies between now and next summer to keep up with spiraling costs in vet care. The move comes as other

By Laura He, Wayne Chang, and Joyce Jiang, CNN Hong Kong (CNN) — Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. Chinese state media Jiemian reported last week that local executives had been accused of embezzling “millions of euros” in an unsigned letter

By Hanna Ziady, CNN London (CNN) — Beijing has launched an investigation into prices of pork from the European Union, targeting a major EU food export just days after Brussels hiked tariffs on electric vehicles from China. The move risks escalating tension in one of the world’s biggest trading relationships and will heighten fears among

By Danielle Wiener-Bronner, CNN New York (CNN) — Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. Bacon is more expensive than it was a year ago, with prices up 6.9% from May 2023 to May of this year, according to inflation data

By Chris Isidore, CNN New York (CNN) — Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. The question now is, how much will he get going forward? The package, made up of 303 million stock options worth more than

By David Goldman, CNN (CNN) — Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. “The mental health crisis among young people is an emergency — and social media has

By Laura He, CNN Hong Kong (CNN) — Prices of new homes in China suffered their biggest fall in nearly a decade last month, in a sign that Beijing’s “historic” real estate rescue has not yet revived demand. Prices in 70 major cities were down 0.7% in May from April, National Bureau of Statistics (NBS)

By Jeanne Sahadi, CNN New York (CNN) — Long before you take your high schooler on college campus tours, consider this: Shopping for college shouldn’t be any different than shopping for a home. When you want to buy a home, you come up with a range of how much you can afford and get pre-qualified for

By Samantha Delouya, CNN (CNN) — After his employer implemented a return-to-office policy last year, Jin Bian decided to cut down his one-hour commute time by purchasing a house closer to the office in Tampa, Florida. Then, he was told the purchase might get him prison time. “That was really shocking to me. It’s just

By Eva Rothenberg, CNN New York (CNN) — It was a weekend no doubt filled with Joy for Disney. The studio’s latest animated film, “Inside Out 2,” has rocked the lethargic summer box office, becoming the first movie of 2024 to reach $100 million in domestic sales during its opening weekend. Heading for a $155

NEW LINE CINEMA, COLUMBIA PICTURES, 20TH CENTURY STUDIOS, DISNEY, PIXAR, CNN, Disney/Pixar By Eva Rothenberg, CNN New York (CNN) — It was a weekend no doubt filled with Joy for Disney. The studio’s latest animated film, “Inside Out 2,” has rocked the lethargic summer box office, becoming the first movie of 2024 to reach $100

By Eva Rothenberg, CNN New York (CNN) — A report from the New York Times on Saturday alleges Will Lewis, the Washington Post’s embattled new publisher and chief executive, used fraudulent and unethical methods to obtain information for articles while working at the London-based Sunday Times in the early 2000s. Citing a former co-worker of Lewis’, a private investigator

By Alicia Wallace, CNN (CNN) — At this time of year, a reservation with Chill RV Rentals isn’t usually the easiest to come by. The Los Angeles-based company’s 16-camper fleet is typically booked solid, with the RVs oftentimes reserved weeks in advance. That’s just not the case this year, said Nika Shneyder, who started the

By Jordan Valinsky, CNN New York (CNN) — Whiskey, steaks and ties are all typical gifts for Father’s Day, but one specifically made for the holiday takes the cake: Fudgie the Whale. Carvel’s vanilla and chocolate-flavored ice cream cake has been a holiday staple since 1977, when it it was first created as a Father’s