Money

By Laura He, CNN Hong Kong (CNN) — Tesla broke ground on a new manufacturing plant in Shanghai on Thursday, just weeks after CEO Elon Musk made a surprise visit to China in a bid to shore up the carmaker’s slumping sales. The factory, which was announced in April last year, aims to begin production

By Hanna Ziady, CNN London (CNN) — Money generated by Russian financial assets frozen in Europe will soon start flowing to Ukraine, giving Kyiv a boost as it struggles to counter an advance by Moscow’s troops. Now, the West is trying to turn that trickle of cash into a flood. Finance officials from the G7

By Isabel Rosales and Chris Youd, CNN (CNN) — Tennessee Attorney General Jonathan Skrmetti is looking into the attempted foreclosure auction of Elvis Presley’s iconic Memphis home, known as Graceland, by an alleged private investment company. On Wednesday, Naussany Investments and Private Lending LLC dropped its foreclosure efforts against Graceland. Danielle Riley Keough, Presley’s granddaughter

By Elisabeth Buchwald, CNN New York (CNN) — The House Committee on Education and the Workforce’s hearing on campus antisemitism Thursday came with no shortage of fiery exchanges between lawmakers and the heads of Northwestern University, Rutgers University and the University of California, Los Angeles (UCLA). But unlike two prior hearings, Thursday’s was the first

By Samantha Murphy Kelly, CNN (CNN) — Elon Musk says artificial intelligence will take all our jobs and that’s not necessarily a bad thing. “Probably none of us will have a job,” Musk said about AI at a tech conference on Thursday. While speaking remotely via webcam at VivaTech 2024 in Paris, Musk described a

By Brian Fung, CNN (CNN) — The Justice Department’s massive antitrust suit against Live Nation on Thursday reflects widespread frustration among fans and concertgoers everywhere who are fed up with confusing fees, ticket restrictions and poor customer service at its Ticketmaster business, the country’s biggest live event ticketing company. But the Department of Justice says

By Clare Duffy, CNN New York (CNN) — Meta this week appointed a group of outside advisors to provide guidance on its artificial intelligence strategy. The four-person advisory group is composed entirely of White men. The tech giant said the group, which includes tech entrepreneurs and investors, will periodically consult with Meta’s management “on strategic

By Bryan Mena, CNN Washington (CNN) — Mortgage rates declined for the third consecutive week in a shred of good news for Americans dealing with a still-tough housing market. The standard 30-year fixed-rate mortgage averaged 6.94% in the week ending May 23, down from last week’s average of 7.02%, according to Freddie Mac data released

By Brian Fung, Hannah Rabinowitz and Sabrina Souza, CNN Washington (CNN) — In a groundbreaking antitrust lawsuit that threatens to upend the way concertgoers pay for tickets, the US government and dozens of states sued Live Nation on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm fans

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. On Wednesday, Will Lewis, the newly minted publisher and chief executive of The Washington Post, strode on stage before gathered staffers at the company’s D.C.

By Olesya Dmitracova, CNN London (CNN) — Mondelez, the maker of Oreo and Cadbury Dairy Milk chocolate, has been fined €337.5 million ($366 million) for hindering the trade of chocolate, cookies and coffee between European Union countries in order to keep prices high. Margrethe Vestager, the EU’s competition chief, said in a statement Thursday that Mondelez had