Money

By Brian Fung, CNN (CNN) — A Texas man is suing Macy’s and the parent company of Sunglass Hut after the two companies allegedly relied on error-prone facial recognition technology to falsely accuse him of armed robbery. After being held in jail for nearly two weeks, Harvey Murphy Jr. was released once prosecutors verified he

By Matt Egan, CNN New York (CNN) — The latest meme stock is one closely associated with the 45th president of the United States. Digital World Acquisition Corp., the blank-check firm that’s been trying for years to merge with Truth Social owner Trump Media & Technology Group, has emerged as a way for investors to

By Clare Duffy, CNN New York (CNN) — Influencer MrBeast said on Monday that he had made more than $250,000 from one video posted to X, in a sign of just how much major internet personalities stand to make from the social platform’s new ad revenue sharing program. “MY FIRST X VIDEO MADE OVER $250,000!”

By Nathaniel Meyersohn, CNN New York (CNN) — From theft to scanning errors, retailers are running into headaches with self-checkout after rolling out the technology aggressively over the last decade. Now, research finds another problem with self-checkout: fading customer loyalty. A newly-released study by researchers at Drexel University published in the Journal of Business Research

By Oliver Darcy, CNN (CNN) — The Los Angeles Times on Tuesday, facing what senior leadership described this week as a “financial crisis,” commenced a round of painful layoffs across the newsroom, a workforce reduction that is set to be one of the most severe in the newspaper’s 142-year history. The cuts will impact at

By Liam Reilly, CNN (CNN) — More than 400 staffers at Condé Nast, the parent company of prestigious publications including Vanity Fair, Vogue and GQ, walked off the job Tuesday in a historic 24-hour work stoppage over the company’s plan to lay off staff. The daylong walkout, intentionally timed on the day of the Academy Awards nominations,

By Jeanne Sahadi, CNN New York (CNN) — The crisis that has enveloped clothing company Kyte Baby this week might not have happened if the United States had a national paid parental leave policy in place. Company founder and CEO Ying Liu was forced to offer two public apologies after making, in her words, a

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. The Los Angeles Times is in disarray. The Dr. Patrick Soon-Shiong-owned newspaper, which houses the largest newsroom in the western U.S., has

By Anna Cooban, CNN London (CNN) — A French regulator has fined the local operator of Amazon’s warehouses €32 million ($35 million) for using an “excessively intrusive” surveillance system to track the activities of its workers. The French Data Protection Authority, or the CNIL, said in a statement Tuesday that Amazon France Logistique gave warehouse

By Jordan Valinsky, CNN New York (CNN) — Dwayne “The Rock” Johnson is trading in his muscle shirts for business suits: He’s joining the board of directors for TKO Group Holdings, the company consisting of the recently merged WWE and UFC. The company also announced Tuesday that it is partnering with Netflix, which next year

By Jordan Valinsky, CNN New York (CNN) — Police responding to a retail theft call in a California city discovered what is likely the most 2024 thing ever: A Sacramento woman allegedly stole about five dozen Stanley cups valued at a whopping $2,500. Last Wednesday, Roseville Police officers responded to a report of a theft

By Alicia Wallace and Tami Luhby, CNN New York (CNN) — New Hampshire, the “first-in-the-nation” primary state (which will hold those elections Tuesday), has been a relatively “better-off” state than most others nationally. Unemployment is low, economic growth is strong, but that doesn’t mean life in the Granite State is without its bumps. Here’s a

By Samantha Delouya, CNN Los Angeles (CNN) — Netflix appears to be in a dominant position in Hollywood’s battle for eyeballs and ad dollars. So far, Netflix remains one of the only profitable major streaming services, and investors seem to feel good about the company’s prospects: Netflix’s stock is up 36% compared to one year

By Melissa Alonzo (CNN) — Faculty members at California State University (CSU), the largest public university system in America, have ended their one-day strike after reaching a tentative agreement with management. The agreement, which must be ratified by the California Faculty Association (CFA), includes a 5% raise for all faculty effective July 1, 2023 and another

By Michelle Toh, CNN Hong Kong (CNN) — Riot Games, the developer of hit video games like “League of Legends” and “Valorant,” is cutting 11% of staff around the world, becoming the latest tech company to downsize. The Los Angeles-based company, which is owned by Chinese tech giant Tencent, announced the news Monday, calling the

By Jessie Yeung and Hilary Whiteman, CNN Brisbane, Australia (CNN) — Australia has publicly named and imposed cyber sanctions on a Russian national for his alleged role in a 2022 ransomware attack, in the country’s first use of the penalty. The attack stole sensitive personal data from 9.7 million customers of Medibank, one of Australia’s