Money

By Allison Morrow, CNN New York (CNN) — Sam Zell, the Chicago real-estate magnate whose knack for buying up distressed assets turned him into a billionaire and earned him the nickname “grave dancer,” died on Thursday, his company said. He was 81. Equity Residential, the company he founded decades ago, did not provide a cause

By Jordan Valinsky, CNN Business New York (CNN) — Two iconic Texas brands have come together to create a Dr Pepper Float ice cream. The soda company is partnering with Blue Bell Creameries to create the flavor, which mixes together vanilla ice cream and a Dr Pepper-flavored sherbet. It’s available beginning Thursday in pint and

By Jordan Valinsky, CNN New York (CNN) — Chick-fil-A’s first-ever restaurant is closing after more than a half-century in business. Opened in 1967, the Greenbriar Mall food court location in Atlanta is set to close on Saturday, according to local reports. The location’s Facebook page says it’s permanently closed. It’s unclear why the restaurant is

CNN By Vanessa Yurkevich, CNN New York (CNN) — As the sun sets on another Little League game in America, 11-year Jack Wood, whose team just lost its recent game — and its first-place position — is still glowing with pride. “Baseball is just, like, very fun, I want to go to the MLB,” said

By Alicia Wallace, CNN Minneapolis (CNN) — The number of first-time claims for weekly jobless benefits fell last week to 242,000, down 22,000 from 264,000 the week before, according to data published Thursday by the Department of Labor. Continuing claims, which are filed by people who have received jobless benefits for more than one week,

By Nathaniel Meyersohn, CNN New York (CNN) — Inflation-fatigued shoppers are heading to Walmart for groceries while they’re pulling back on nonessential purchases at other chains. Walmart (WMT), America’s largest retailer, posted strong sales last quarter and raised its outlook for 2023. The company said Thursday that sales at stores open for at least one

By Laura He, CNN Hong Kong (CNN) — Chinese President Xi Jinping has opposed the lifting of curbs on street vendors in Beijing, signaling splits within government over a policy shift aimed at tackling rising unemployment. In a recent tour of the Xiongan New Area, a city south of Beijing, Xi unusually revealed his personal

CNN By Oliver Darcy, CNN (CNN) — It has been one week since CNN’s town hall with Donald Trump — and the fierce fallout stemming from the event is still reverberating. While accepting the prestigious Columbia Journalism Award and serving as the school’s 2023 commencement speaker, Christiane Amanpour on Wednesday became the first network anchor

By Brian Fung, CNN Washington (CNN) — Days after OpenAI CEO Sam Altman testified in front of Congress and proposed creating a new federal agency to regulate artificial intelligence, a US senator has introduced a bill to do just that. On Thursday, Colorado Democratic Sen. Michael Bennet unveiled an updated version of legislation he introduced

By Hanna Ziady, CNN London (CNN) — BT Group is planning to slash up to 55,000 jobs in the next five to seven years as it makes greater use of technology, including artificial intelligence, to cut costs and simplify its business. The UK telecom company said Thursday that its total workforce would fall to between

By Elisabeth Buchwald, CNN (CNN) — Congressional lawmakers grilled Federal Reserve Inspector General Mark Bialek Wednesday over possible insider trading among Fed officials in 2020, accusing the nation’s central bank of inaction. The heads of the Boston and Dallas Federal Reserve banks retired early in 2021 after trades they made before and during the pandemic