Money

By Hanna Ziady, CNN Vice Media filed for Chapter 11 bankruptcy protection Monday to facilitate a sale of the company and safeguard its future, according to court documents and a statement from the struggling media group. The company, which publishes news, technology and lifestyle websites such as Vice, Motherboard and Refinery29, made the filing in

By Nectar Gan, CNN A heated online debate on the definition of sexual harassment has broken out in China in the wake of a series of allegations made against an influential screenwriter, rekindling interest in the country’s struggling #MeToo movement. Shi Hang, 52, a well-known figure in China’s media and literary circles, lost work with

By Krystal Hur, CNN Wall Street is eager to see the Federal Reserve wind down its aggressive rate-hiking cycle that’s battered markets and tested investor morale. Although a pause in interest rate hikes appears likely, cuts may be farther off than some believe. The stock market has stayed resilient this year after a brutal 2022

By Ramishah Maruf, CNN An ex-ByteDance employee claimed he was wrongfully terminated after raising concerns about what he believed were illegal practices by the company, such as allegedly stealing content from its competitors Snapchat and Instagram. Yintao “Roger” Yu, who filed a lawsuit in Superior Court in San Francisco earlier this month, worked at ByteDance,

CNN, CNN BUSINESS By Ramishah Maruf, CNN An ex-ByteDance employee claimed he was wrongfully terminated after raising concerns about what he believed were illegal practices by the company, such as allegedly stealing content from its competitors Snapchat and Instagram. Yintao “Roger” Yu, who filed a lawsuit in Superior Court in San Francisco earlier this month,

By Nathaniel Meyersohn, CNN Pickleball is coming to your local mall, replacing shuttered Bed Bath & Beyond, Old Navy, and Saks Off 5th stores. It may seem like a strange strategy, but the match offers benefits to both mall owners and pickleball players. Malls need new tenants to fill vacant spaces and draw customers beyond

By Ramishah Maruf, CNN The National Highway Traffic Safety Administration is calling for an immediate recall of 67 million airbag inflators due to a dangerous defect, the agency said in a letter to ARC Automotive, a major manufacturer of the component. But the automotive supplier that made the component is disputing the need for it

CNN, CNN BUSINESS 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

By Bryan Mena, CNN US consumer sentiment worsened in May as Americans grew concerned about the economy’s direction and a potential default of the US government’s debt, according to a preliminary report from the University of Michigan Friday. The political impasse over raising the debt ceiling has dragged on for weeks and is inching closer