Money

By Oliver Darcy, CNN New York (CNN) — Paramount Global on Monday parted ways with its chief executive, Bob Bakish, in a seismic move that sent reverberations through the media conglomerate as it actively engages in acquisition talks with Skydance Media. In place of Bakish, who led the company since controlling shareholder Shari Redstone reunited

By Nathaniel Meyersohn, CNN New York (CNN) — GNC, the vitamin and dietary supplement chain, has been struggling for years. The brand hopes a new strategy tailored to people taking GLP-1 drugs for weight loss will help draw customers into stores and grow its business. GNC announced Monday that it was adding a dedicated section

By Marshall Cohen, CNN (CNN) — The far-right cable network One America News retracted a story and apologized Monday after it falsely claimed former President Donald Trump’s ex lawyer Michael Cohen was the one who had an affair with adult film star Stormy Daniels and secretly used it to “extort” the Trump Organization. Cohen and

By Brian Fung, CNN Washington (CNN) — The US government has issued millions of dollars in fines to AT&T, Sprint, T-Mobile and Verizon after an investigation found the nation’s top wireless carriers had illegally shared customers’ personal data without their consent. The fines stem from allegations in 2020 by the Federal Communications Commission that for years, the companies had improperly shared users’ geolocation

By Brian Fung, CNN (CNN) — Apple’s iPad will face heightened regulation in the European Union after officials labeled its operating system Monday as a key gatekeeper technology under EU competition law. The European Commission’s formal designation of iPadOS subjects it to tough rules applied to only a handful of other digital platforms controlled by

By Brian Fung, CNN (CNN) — European Union officials are investigating Meta over concerns the company hasn’t done enough to protect upcoming EU elections or to combat foreign disinformation on its platforms, setting up the possibility of steep fines or other penalties. The new probe is focused on Meta’s handling of advertising by scammers and foreign election

By Brian Fung and Jason Carroll, CNN (CNN) — For Cindy Westman, the internet is a literal lifeline. She depends on internet access to care for her 12-year-old daughter — who has cerebral palsy and autism — by messaging doctors, accessing test results and scheduling critical medical appointments virtually. But it’s not easy to stay connected in Westman’s

By Laura He, CNN Hong Kong (CNN) — Elon Musk has made a surprise visit to China as he bids to shore up Tesla’s slumping sales and introduce the carmaker’s self-driving technology in its second biggest market in the face of ferocious competition. His second trip to the country in less than a year included

By John Towfighi, CNN (CNN) — As US supply chains decouple from China, Mexico’s manufacturing sector is emerging as a winner. Manufacturing in Mexico is attractive for companies that experienced pandemic-era supply chain snarls or want to decrease reliance on trade between the US and China amid geopolitical uncertainty. That’s called nearshoring, which is when

By Eva Rothenberg, CNN New York (CNN) — President Joe Biden praised the United Auto Workers and Daimler Truck for reaching a tentative in the eleventh hour Friday night, preventing a potential strike affecting 7,300 workers. “This agreement is a testament to the power of collective bargaining and shows that we can build a clean

By Nicole Goodkind, CNN New York (CNN) — As Pro-Palestinian protests continue to sweep across major US universities, a unifying message has emerged. From Princeton University in New Jersey to the University of Southern California in Los Angeles, the same chant can be heard: “Disclose! Divest! We will not stop, we will not rest!” Signs

By Peter Valdes-Dapena, CNN (CNN) — Rolls-Royce is vastly expanding its factory in Chichester, England. The BMW subsidiary is adding five new buildings with construction planned to start next year. Usually, when a carmaker expands a factory it’s for one simple reason: building more cars. But this is Rolls-Royce. Making and selling more Rolls-Royces would

By Clare Duffy and Ramishah Maruf, CNN New York (CNN) — One of the core demands over the past week by the pro-Palestinian student groups at Columbia University has been for the school to withdraw investment funds from what they describe as companies profiting from Israel’s military action in Gaza. Columbia’s endowment is worth $13.6 billion

By Parija Kavilanz, CNN New York (CNN) — It’s tiny, squishy, chewy. It’s shaped like a cute baby mango and GenZers have gone crazy over it. Walgreens can’t keep it in stock. For the beleaguered drugstore chain, the odd “Gummy Mango” candy is a much-needed win. It arrived last fall in about 2,500 of its

By Luciana Lopez and Samantha Delouya, CNN (CNN) — The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. “Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the

By Hadas Gold and Liam Reilly, CNN (CNN) — Arianna Smith is juggling a lot right now. Smith is editor-in-chief of The Lantern, Ohio State University’s student-run newspaper, which has scrambled in recent days to cover pro-Palestinian protests roiling the campus. It’s also finals week, and in the coming days the newspaper’s staff will transition to the next year’s staff. But the