Money

By Erika Tulfo, CNN (CNN) — Target will stop accepting personal checks from customers starting July 15, the latest retailer to stop taking the increasingly rare form of payment and to try to make checkout less cumbersome for shoppers. The company cited “extremely low volumes” of checks in a statement to CNN. “It’s hardly surprising

By Samantha Murphy Kelly, CNN (CNN) — Samsung’s latest generation of foldable phones aim to draw in traditional phone users with the help of artificial intelligence. At its annual Unpacked event on Wednesday, held in Paris for the first time, the company announced updates to its foldable devices and earbuds, and shared more details about

By Jordan Valinsky, CNN New York (CNN) — Starbucks is hoping to attract customers with a little gift: a free reusable straw. On Wednesday, anyone who buys a cold handcrafted drink, like an iced coffee or its new energy drinks, of any size will get a free, brightly colored reusable straw. The giveaway is part

By Oliver Darcy, CNN (CNN) — Mark Thompson, the CNN chief executive appointed last year to modernize the news network, unveiled a set of sweeping changes to the iconic outlet Wednesday, announcing plans to build a billion-dollar digital business, experiment with artificial intelligence and overhaul key newsroom structures. The far-reaching measures, which Thompson described to

By Laura He, CNN Hong Kong (CNN) — The Chinese government said Wednesday that it would investigate whether the European Union’s probes into Chinese companies constitute “trade barriers.” Concerns are rising in the West that jobs and strategically important industries could be wiped out by cheap Chinese imports propped up by government subsidies. Earlier this

By Reuters (CNN) — Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up’s governance had improved significantly in the past eight months. Microsoft took a non-voting, observer position on OpenAI’s board in November last year after OpenAI

By Yoonjung Seo and Diksha Madhok, CNN Seoul/New Delhi (CNN) — The largest labor union at Samsung Electronics in South Korea has declared an indefinite strike after a three-day walkout failed to yield any ground in a tense dispute between workers and the tech giant over pay and bonuses. The announcement Wednesday follows a strike earlier

By Simone McCarthy and Joyce Jiang, CNN Hong Kong (CNN) — Public outrage is mounting in China over allegations that a major state-owned food company has been cutting costs by using the same tankers to carry fuel and cooking oil – without cleaning them in between. The scandal, which implicates China’s largest grain storage and

By Isabelle Chapman, Majlie de Puy Kamp and Audrey Ash, CNN (CNN) — For years, Airbnb has known some of its hosts have used hidden cameras to secretly spy on guests, invading their most private and intimate moments. While Airbnb has repeatedly acknowledged the problem in financial filings, it has worked to keep the scope

By Jeanne Sahadi, CNN New York (CNN) — Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and a 2020 lawsuit the agency filed pertaining to the bank’s creation of fake customer accounts.

By Brian Fung, CNN Washington (CNN) — Meta will now remove posts containing the term “Zionist” when used in conjunction with antisemitic tropes or dehumanizing rhetoric, the company said Tuesday, in an expansion of its current hate speech policies. The decision follows what the company described as a months-long inquiry into how the term has

By Brian Fung, CNN Washington (CNN) — The Federal Trade Commission and the Los Angeles District Attorney’s Office have banned a controversial anonymous messaging app from serving kids under 18, taking an unprecedented and aggressive step against what regulators called “rampant cyberbullying and threats against children and teens” on the platform. The targeted ban is

By Marshall Cohen, CNN (CNN) — Christina Bobb, the indicted RNC official and former One America News host, is dodging a deposition in a 2020-related defamation lawsuit, according to Dominion Voting Systems, which is battling her in court. Bobb’s attorneys previously argued that the Dominion defamation lawsuit, and the routine deposition they are seeking, should be paused

By Chris Isidore, CNN New York (CNN) — Boeing said it sold just 14 new jets in the past month, with most of those coming as freighter sales. And one of those was to replace the plane that saw a door plug blow out mid-flight just over six months ago. It sold just three 737

By Bryan Mena, CNN Washington (CNN) — Inflation has come a long way since reaching a four-decade peak two years ago, Federal Reserve Chair Jerome Powell said Tuesday. However, central bank officials still want to see more progress before cutting interest rates, he noted, though they are also keeping a close eye on the job

By Laura He, CNN Hong Kong (CNN) — China’s BYD, which vies with Tesla for the title of the world’s top maker of battery electric vehicles, has agreed to build a $1 billion car factory in Turkey, the Turkish government has announced. BYD’s CEO Wang Chuanfu and Turkey’s Industry and Technology Minister Mehmet Fatih Kaci

By Samantha Delouya, CNN (CNN) — When Vera Sansalone, a realtor in West Virginia showed a log cabin home on a 90-acre property in Mannington to an interested buyer from the Boston area, he was shocked by the $420,000 asking price. After deciding not to buy it, Sansalone said the Boston buyer left her with

By Danielle Wiener-Bronner, CNN New York (CNN) — McDonald’s once poured big marketing dollars into its salads. But since 2020, greens have been off the menu. That’s because the chain has concluded that when people go to McDonald’s, they mostly want a burger and fries. “If people really want salads from McDonald’s we will gladly