Money

By Juliana Liu, CNN Hong Kong (CNN) — A Chinese investment bank known for making some of the biggest deals in the country’s tech sector during its heyday has revealed it received a massive bill for 78 million yuan ($11 million) related to the disappearance of its star banker, Bao Fan. The request for payment

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Little has gone right for Boeing over the last five years. By this time tomorrow, the troubled company could add another mess to its growing list of problems: A massive strike by 33,000 of its workers that could stop airplane production at America’s largest

By Kathleen Magramo, CNN (CNN) — After years of speculation and hype, Sony will be launching an upgraded version of its popular PlayStation 5 at the console’s highest ever price. The PS5 Pro will go on sale on November 7 at $700, about 40% more expensive than the PS 5 when it launched in 2020,

By Hadas Gold, CNN New York (CNN) — The first presidential debate between Vice President Kamala Harris and former President Donald Trump drew an estimated 67.1 million viewers across 17 television networks — blowing well past the 51 million who watched the Republican nominee take on President Joe Biden in June. Tuesday night’s 90-minute matchup in

By Ramishah Maruf, CNN New York (CNN) — Fast casual chain BurgerFi filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress. BurgerFi is another casualty of the rough business conditions hitting fast casual chains this year, which included Rubio’s, Buca di Beppo and Red Lobster also declaring bankruptcy. Even if not filing

By David Goldman and Matt Egan, CNN (CNN) — Oil prices are near three-year lows. Gas prices are sinking below $3 in many parts of America. So why were Vice President Kamala Harris and former President Donald Trump talking so much about expanding oil production during Tuesday night’s debate? Harris, criticized for her previous stance

By Elisabeth Buchwald, CNN New York (CNN) — Wednesday’s Consumer Price Index report was the last bit of hope for investors clamoring for a half-point rate cut from the Federal Reserve when it meets next week. That hope has now all but faded, and Wall Street took it hard. But traders managed to shake off

By Brian Stelter and Kit Maher, CNN New York (CNN) — The day after Vice President Kamala Harris and former President Donald Trump’s first presidential debate, it is far from clear if Trump will agree to a rematch. Multiple TV networks are eager to host a presidential debate in October. The Harris campaign, exuding confidence after Harris baited

By Alicia Wallace, CNN (CNN) — Inflation continues to loosen its grip on American consumers, with price hikes slowing by the most in three and a half years, according to new data from the Bureau of Labor Statistics released Wednesday. The Consumer Price Index, a measurement of price changes for a commonly purchased basket of

By Hadas Gold, CNN New York (CNN) — ABC News moderators David Muir and Linsey Davis fact-checked Donald Trump during Tuesday night’s presidential debate, quickly correcting the record for millions watching at home after the Republican pushed falsehoods on abortion, migrants and the 2020 election. The decision to live fact-check the candidates during the high-stakes telecast

By Nathaniel Meyersohn, CNN New York (CNN) — No more soup for the Campbell’s company. The 155-year-old Campbell Soup Company plans to drop “soup” from its corporate name, rebranding as The Campbell’s Company. More consumers are reaching for snacks and ditching ready-to-serve soups, and the company has bought up other food lines to grab them. In addition to its lineup of soups, Campbell

By Nathaniel Meyersohn, CNN New York (CNN) — Starbucks has been on the decline, with shrinking sales as it moved from a traditional sit-down coffee shop into one where people place orders on their phones and grab a drink from the counter. Its new CEO has a plan to fix it all. And it starts

By Jason Seher, CNN (CNN) — It’s hard to get 42 states to agree on much. But a bipartisan group of attorneys general on Tuesday demanded that Congress require Surgeon General warning labels on social media apps to help curtail addiction and a mental health crisis among young adults. “As state Attorneys General, we sometimes

By Hadas Gold, CNN New York (CNN) — As Vice President Kamala Harris and former President Donald Trump take the stage Tuesday night in Philadelphia in their first face-to-face meeting, the spotlight will also shine on the host of the debate: ABC News. Moderators David Muir and Linsey Davis will have a much different view in front of them than when ABC News first

By Elisabeth Buchwald and Matt Egan, CNN New York (CNN) — In poll after poll, Americans have indicated the economy is their top concern as they prepare to cast votes this election. Dealing with high inflation for years will do that to you. Although inflation has cooled significantly since it peaked at a 40-year high

By Samantha Delouya, CNN (CNN) — During its glossy product announcement event on Tuesday, Apple unveiled a new role for its latest AirPods Pro model: medical device. The company said the wireless headphones will double as clinical-grade over-the-counter hearing aids for those who need them. “We’re adding this groundbreaking capability to help more than 1

By Jordan Valinsky, CNN New York (CNN) — Amazon is taking a page out of Aldi and Target’s playbook and launching a new line of budget-friendly food items in an attempt to attract price-conscious shoppers who are ditching name brands to save money. Amazon is rolling out a new “no-frills” private label brand called Amazon