Money

By Allison Morrow, CNN New York (CNN) — Changpeng Zhao, the founder of the world’s leading cryptocurrency exchange, was sentenced on Tuesday to four months in prison after pleading guilty last year to charges that he failed to maintain an effective anti-money laundering program. The sentence, handed down in a US federal court in Seattle,

By Krystal Hur, CNN New York (CNN) — Stocks slipped Tuesday after fresh data raised concerns that inflation will remain sticky. The Dow fell 571 points, or 1.5%. The S&P 500 declined 1.6% and the Nasdaq Composite lost 2%. All three major indexes closed out April lower, snapping a five-month streak of gains. The blue-chip

CNN By Alicia Wallace, Katherine Dillinger, Kevin Liptak, Jeff Zeleny and Kayla Tausche, CNN (CNN) — The Biden administration moved Tuesday to reclassify marijuana as a lower-risk substance, a person familiar with the plans told CNN, a historic move that acknowledges the medical benefits of the long-criminalized drug and carries broad implications for cannabis-related research

By Peter Valdes-Dapena, CNN (CNN) — Researchers are pointing to a dangerous element of the booming e-commerce home delivery business in America: vans. About half a million light vans are sold in the United States every year, with many of those going to companies like Amazon and FedEx. Used to deliver packages to people’s front

By Kaila Nichols, CNN (CNN) — An Oregon man who says he’s been battling cancer for eight years and received chemotherapy just last week is among three winners of this month’s $1.3 billion Powerball jackpot. Cheng “Charlie” Saephan said he is sharing the prize with his wife, Duanpen Saephan, and friend Laiza Chao. The trio chose the

By Hanna Ziady, CNN London (CNN) — Volkswagen’s orders for electric vehicles shot up in Europe in the first quarter of 2024 compared with a year ago, countering suggestions that drivers may be losing interest in EVs. New orders for electric cars more than doubled in Europe, Volkswagen said in an earnings statement Tuesday. The

By Bryan Mena, CNN Washington (CNN) — US home-price growth accelerated in February at the fastest annual pace since November 2022, a sign that America’s housing market remains tough amid elevated mortgage rates. The S&P CoreLogic Case-Shiller US National Home Price Index, a measure of home prices across the country, rose 6.4% in February from

By Alicia Wallace, CNN (CNN) — It wasn’t just inflation starting off 2024 hot, paychecks did as well. A closely watched measure of labor costs showed that compensation growth accelerated much faster than expected during the first three months of the year, providing an unwelcome data point for Federal Reserve officials looking for inflation pressures

By Jordan Valinsky, CNN New York (CNN) — Adidas’ Samba and Gazelle sneakers might look like they’re from another decade, but they’re the hottest shoes on sale right now. The German sportswear company said that sales of the retro-style shoes are “very strong and growing,” helping increase first-quarter growth at the company, which is still

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart, the largest retailer in the United States, will close all 51 of its health care centers in six states and end virtual health care services, the company said Tuesday. Walmart had made a big push into health care in recent years, opening clinics next to its

By Clare Duffy, CNN New York (CNN) — Ten years after creating a new model for dating apps with its “women make the first move” feature, Bumble is opening the door to men starting conversations on its platform. Bumble is rolling out a new feature called “opening moves” that will let female users set a

By Samantha Delouya, CNN (CNN) — College campuses across the country have been thrown into disarray by pro-Palestinian demonstrations this month. While the demands among protesters vary at each university, nearly all the demonstrations have called for universities to divest from Israel in some form. But divesting may not be so simple for many academic

By Peter Valdes-Dapena, CNN (CNN) — The National Highway Traffic Safety Administration (NHTSA) is formally investigating Ford’s Blue Cruise hands-free driving system following two fatal crashes. Blue Cruise was first introduced in the 2021 model year and is now available in several models from Ford and Lincoln, the carmaker’s luxury vehicle brand. The investigation specifically

By Amy Gunia and Sania Farooqui, CNN Hong Kong/New Delhi (CNN) — Indian weddings are notoriously elaborate affairs, requiring a multitude of outfit changes for multiple days of festivities. It used to be normal for a family visiting Brij Kishore Agarwal’s sari shop, near the narrow lanes of Chandni Chowk market in India’s Old Delhi, to depart

By Peter Valdes-Dapena, CNN (CNN) — With distracted driving and pedestrian fatalities on the rise, auto industry regulators believe technology can prevent hundreds of deaths and thousands of injuries each year. New rules from the National Highway Traffic Safety Administration will require improved automating braking systems on new cars sold in the United States by

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