Money

By Jordan Valinsky, CNN New York (CNN) — Breakout basketball star Caitlin Clark has a new achievement that hasn’t been accomplished since Michael Jordan. The WNBA player signed a multiyear deal with Wilson Sporting Goods Co., the league’s official basketball supplier, for “signature basketball collections celebrating Clark’s continued legacy,” the company announced Tuesday. Wilson said

By Jon Passantino, Hadas Gold and Oliver Darcy, CNN (CNN) — In a sharp reversal, Israel said Tuesday it would return camera and broadcast equipment it had seized from The Associated Press in the southern Israeli city of Sderot on Tuesday after the action prompted swift backlash from US officials and press groups. In a statement late Tuesday, Israel’s Communications Minister Shlomo Karhi said that he “has ordered that the equipment be returned

By Anna Cooban, CNN London (CNN) — Jobs that require artificial intelligence skills offer significantly higher wages than those that don’t, according to new research published Tuesday. Consultancy PwC studied advertisements, posted last year, for a range of jobs, including app programmers, lawyers and accountants. It found that wages for AI-related roles were on average

By Jordan Valinsky, CNN New York (CNN) — Nestlé, the maker of frozen food brands like Stouffer’s and DiGiorno, is slimming down with a new line of meals for people taking GLP-1 drugs, such as Ozempic, for weight loss. The new frozen food brand called Vital Pursuit will consist of 12 portion-controlled meals, high in

By Samantha Murphy Kelly, CNN (CNN) — Microsoft jumped headfirst into building artificial intelligence directly into its Windows operating system on Monday, announcing new AI computers that could help ramp up flagging PC sales. The developments push the company closer to its long-time goal to “build computers that understand us versus us having to understand computers,”

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s trade agenda amounts to a tripling-down of the trade war he waged during his first term in office. Not only has Trump called for a 60% tariff on all Chinese goods, the presumptive GOP presidential nominee has said he would impose a tariff

By Raja Razek, CNN (CNN) — Elvis Presley’s granddaughter is suing to stop a foreclosure sale of the late singer’s historic Memphis home, Graceland, scheduled this week, alleging fraud and saying the purported company behind the sale doesn’t exist and has no rights to the property. Danielle Riley Keough, the granddaughter of Elvis and the

By Oliver Darcy, CNN (CNN) — Vox is preparing to celebrate its 10th birthday — making a major change to its business model that reflects how digital news publishers are scrambling to evolve as they are increasingly starved of referral traffic and advertising revenue. Not only will Vox debut a refreshed website on Tuesday morning to

By Elisabeth Buchwald, CNN New York (CNN) — Martin Gruenberg, head of the Federal Deposit Insurance Corporation, will step down following a scathing independent investigation detailing pervasive sexual harassment, discrimination and bullying at the agency charged with regulating the banking sector. “In light of recent events, I am prepared to step down from my responsibilities

By Matt Egan, CNN New York (CNN) — Trump Media & Technology Group lost more than $300 million during the first quarter and generated very little revenue, the owner of Truth Social announced in a press release Monday. The results will raise additional questions about the multi-billion dollar valuation on the newly public company, which

By Elisabeth Buchwald, CNN New York (CNN) — By many measures, the US economy is in great shape. There are millions of job openings and the unemployment rate is low. In fact it hasn’t been this low for such a long stretch of time in decades. If you just graduated college, there’s a good chance

By Krystal Hur, CNN New York (CNN) — Ivan Boesky, the infamous insider trader whose name became synonymous with financial greed and helped inspire the fictional character Gordon Gekko in the 1987 film “Wall Street,” has died. He was 87. His daughter, Marianne Boesky, confirmed to CNN on Monday that he died in his sleep.

By Anna Cooban, CNN London (CNN) — Saudi Arabia’s national airline has placed an order for 105 Airbus airplanes in the largest-ever deal in the country’s aviation history — another win for troubled Boeing’s European rival. Ibrahim Al-Omar, director general of Saudia Group, the state-controlled owner of the Saudia airline and low-cost carrier Flyadeal, said Monday

By Elisabeth Buchwald, CNN New York (CNN) — Sen. Sherrod Brown, a Democrat who heads the Senate Banking Committee, is calling for a leadership overhaul at the Federal Deposit Insurance Corporation following a scathing 234-page report released earlier this month that detailed pervasive sexual harassment, discrimination and bullying at the agency. Brown stopped short of explicitly

By Brian Fung, Clare Duffy and Ramishah Maruf, CNN New York (CNN) — Actor Scarlett Johansson said in a statement shared with CNN on Monday that she was “shocked, angered and in disbelief” that OpenAI CEO Sam Altman would use a synthetic voice released with an update to ChatGPT “so eerily similar” to hers. The statement

By Nathaniel Meyersohn, CNN New York (CNN) — Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. The company said it had more than $1 billion in debt and less than $30 million in cash on hand.