Money

By Diksha Madhok, CNN New Delhi (CNN) — Samsung Electronics has said it expects to report a huge rise in its operating profit in the first quarter, offering hopes of a strong recovery after a dismal 2023. The South Korean tech giant estimates its operating profit to have increased to 6.6 trillion Korean won ($4.9

By Laura He, CNN Hong Kong (CNN) — Janet Yellen has kicked off her second visit to China as US treasury secretary with a warning of the risk to jobs and businesses posed by overproduction of certain goods in the world’s second largest economy. On Friday, her first full day of meetings in the southern

By Ramishah Maruf, CNN New York (CNN) — Two million Black+Decker steamers have been recalled after more than 80 reports of burn injuries, the US Consumer Product Safety Commission announced Thursday. The steamers can “expel, spray, or leak hot water during use,” the recall warned, which can injure the user. More than 500,000 of these

By Ramishah Maruf, CNN New York (CNN) — 99 Cents Only Stores — a discount chain in California, Texas, Arizona and Nevada — is winding down its business operations, according to a press release from the company on Thursday. Like many retailers emerging out of the pandemic, the West Coast chain has struggled with rising costs and shrink

By Catherine Thorbecke, CNN New York (CNN) — Meta’s AI image generator is coming under fire for its apparent struggles to create images of couples or friends from different racial backgrounds. When prompted by CNN on Thursday morning to create a picture of an Asian man with a White wife, the tool spit out a

By Jordan Valinsky, CNN New York (CNN) — Caitlin Clark’s popularity is jacking up ticket prices for the women’s NCAA basketball Final Four on Friday, making them even more expensive than the men’s. The average ticket price sold for the women’s games is $726, slightly higher than the men’s matchups ($710) on Saturday, according to

By Maisie Linford and Anna Cooban, CNN London (CNN) — McDonald’s will buy every one of its 225 franchise restaurants in Israel, it announced Thursday, just weeks after saying that the Israel-Hamas war was hurting its business. The fast food giant said it had struck an agreement with Israeli franchise Alonyal to buy the firm’s

By Samantha Murphy Kelly, CNN New York (CNN) — Disney is curbing password sharing for its Disney+ streaming service as part of a larger effort to boost signups and revenue. CEO Bob Iger, in a CNBC interview on Thursday, said its popular Disney+ streaming service will start cracking down on password sharing in June in

By Elisabeth Buchwald, CNN New York (CNN) — For the past 50 years, the US unemployment rate has mostly been far above 4%, even rocketing to almost 15% during the pandemic. Yet in the turbulent period that followed lockdowns and other economic disruptions from the pandemic, it has stayed below the 4% level for more

By Anna Cooban, CNN London (CNN) — British business groups are warning that newly announced post-Brexit charges on plant and animal imports could push up food prices not long after food inflation came down from double-digit rates. From April 30, UK businesses will have to pay up to £145 ($184) per delivery of most animal

By Ramishah Maruf and Gloria Pazmino, CNN New York (CNN) — A group of six Latino immigrant workers fell to their deaths while working on Baltimore’s doomed Francis Scott Key Bridge last week. When construction begins to rebuild it, more Latino immigrants will almost certainly join the effort to reopen the crucial transportation artery. Latino workers make

By Parija Kavilanz, CNN New York (CNN) — Sellers of doughnuts, pizza, smoothies, chips, and one perfectly named, celestially inspired, snack — MoonPie — are looking at the full solar eclipse as a marketing bonanza, albeit a short-term one. They are trotting out eclipse-themed offerings to mark the day next week when the moon will

By Jeanne Sahadi, CNN New York (CNN) — Buying a home is likely one of the most complex and expensive transactions you’ll ever make. If you think you’ll want to make that leap in the next year or two, you can save yourself real money and avoid unpleasant surprises if you use the next several

By Dalia Faheid, CNN (CNN) — The Powerball jackpot has skyrocketed to an estimated $1.3 billion after yet another lottery drawing yielded no grand prize winner Wednesday night. Wednesday’s winning numbers were: 11, 62, 65, 38, 41 and Powerball 15. For the next Powerball drawing on Saturday night, a lucky winner can choose to receive

By Ramishah Maruf, CNN New York (CNN) — When Amazon debuted cashier-less technology, it was hailed as the future of retail. But now, Amazon is walking back its “Just Walk Out” technology at its grocery stores, reining in grand promises of an automated, friction-less checkout. Amazon said it is removing the technology at US Amazon

By Clare Duffy, CNN New York (CNN) — The world’s biggest chipmaker is working to resume operations following the massive earthquake that struck Taiwan Wednesday — a welcome sign for makers of products ranging from iPhones and computers to cars and washing machines that rely on advanced semiconductors. A 7.4 magnitude earthquake struck the island’s east coast Wednesday

By Jeff Winter, CNN (CNN) — The Metropolitan Transit Authority says it wants the organizers of New York City’s marathon to pay $750,000 a year, citing the steep loss of bridge toll revenues for closing the Verrazano-Narrows Bridge, the Staten Island-Brooklyn connection that has served as the starting point for the race for decades. “New Yorkers love Marathon Sunday,

By Allison Morrow and Hadas Gold, CNN New York (CNN) — Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. The shareholder vote served as a legacy-defining victory for CEO Bob Iger. Disney’s board triumphed by what the company called “a substantial margin”

By Marshall Cohen, CNN (CNN) — A judge has scheduled a major defamation case against right-wing cable channel Newsmax to go to trial in late September, putting the battle over 2020 election lies front-and-center at the peak of the 2024 campaign. Newsmax and the voting technology company Smartmatic could still reach an out-of-court settlement, and further delays are

By Matt Egan, CNN New York (CNN) — Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public. Each of the brothers pleaded guilty in New York to one