Money

By Betsy Klein and Chris Isidore, CNN Washington DC (CNN) — President Joe Biden sought to ramp up pressure on the United Auto Workers union and the nation’s three unionized automakers – Ford, General Motors, and Stellantis, known as the “Big Three” – one month ahead of a critical deadline for labor talks. “As the

By Matt Egan, CNN New York (CNN) — The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession. The settlement resolves the final case brought by the DOJ to investigate the role of Wall

By Nathaniel Meyersohn, CNN New York (CNN) — A year after Democrats passed their sweeping $750 billion climate and health care law, it’s leading to a surge of clean energy projects and job creation, according to a recent Bank of America report. More than 270 new clean energy projects have been announced since the passage

By Brian Fung, CNN Washington (CNN) — More than 20 million US households are now receiving discounts on internet service as part of a federal program created to close the digital divide, according to the Federal Communications Commission. The milestone highlights the cost of reliable internet service for low-income families, an issue that the government’s

By Liam Reilly, CNN New York (CNN) — Wendy McMahon was named president and chief executive officer of CBS News, the network’s local TV stations, and CBS Media Ventures, the company announced on Monday following the departure of Neeraj Khemlani as co-president of CBS News and stations. McMahon’s role, a newly created position within the

By Chris Isidore and Samantha Delouya, CNN New York (CNN) — Another rival steel producer has jumped into the bidding war to takeover US Steel. Esmark announced an all-cash public offer for US Steel for $35 per share on Monday. Esmark said its offer period runs from August 14, 2023 to November 30, 2023, but

By Allison Morrow, CNN New York (CNN) — Coinbase is launching an independent nonprofit organization for advancing pro-crypto legislation through Congress, hoping to build on recent legislative and legal wins for the digital asset industry. The Stand with Crypto Alliance is America’s first independent advocacy group for the crypto community, Coinbase says. The organization’s primary

By Matt Egan, CNN New York (CNN) — Pump prices are creeping towards $4 a gallon nationally. The national average for regular gasoline hit $3.85 a gallon on Monday, according to AAA. That’s the highest level since October 19 and comes just weeks ahead of Labor Day weekend when millions of Americans will hit the

By Eva Rothenberg, CNN New York (CNN) — Hawaiian Electric’s stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui’s devastating wildfires were caused by the utility’s energized power lines that were knocked down by strong winds. The utility says it provides

By Jordan Valinsky, CNN Business New York (CNN) — It’s true: Dunkin’ is turning two of its most popular drinks into boozy beverages. After setting the internet abuzz last week, Dunkin’ will officially announce Monday the debut of Dunkin’ Spiked Iced Coffees and Iced Teas, which are both scheduled to roll out in the coming

By Oliver Darcy, CNN New York (CNN) — CNN on Monday announced a sweeping new lineup, elevating a new generation of rising stars to key time slots as it seeks to improve lackluster ratings and reboot its programming ahead of the 2024 presidential election. The dramatic changes, which inject an added boost of diversity to

By Clare Duffy, CNN Video by John General, Deborah Brunswick and FJ Feng, CNN New York (CNN) — Warmer and cleaner waters off the coast of Long Island, New York, in recent years have brought growing numbers of bait fish to the area — and with them, the bigger fish that eat them, including sharks.

By Juliana Liu, CNN (CNN) — Mark Zuckerberg says Elon Musk “isn’t serious” about a cage fight and “it’s time to move on” from their proposed showdown, the details of which were never nailed down. “Elon won’t confirm a date, then says he needs surgery, and now asks to do a practice round in my

By Hanna Ziady, CNN London (CNN) — The ruble hit a 17-month low against the dollar Monday, highlighting the growing squeeze on Russia’s economy from Western sanctions and a slump in export revenues. The Russian currency has lost nearly 40% of its value this year, weakening past 100 rubles to the dollar, as Moscow’s war

By Laura He, CNN Hong Kong (CNN) — Country Garden, one of China’s top property developers, suspended trading in 11 of its onshore bonds on Monday, adding to speculation the company may be preparing to restructure its debt as it struggles to raise enough cash in time to avoid default. Shares in Country Garden plummeted

CNN By Laura He, CNN Hong Kong (CNN) — Country Garden, one of China’s top property developers, suspended trading in 11 of its onshore bonds on Monday, adding to speculation the company may be preparing to restructure its debt as it struggles to raise enough cash in time to avoid default. Shares in Country Garden

By Jon Passantino, CNN (CNN) — Dozens of news organizations on Sunday condemned a police raid on a Kansas newspaper and its publisher’s home, sending a letter to the local police department’s chief urging him to immediately return all seized materials. The four-page letter, sent by the Reporters Committee for Freedom of the Press to

CNN, KWCH-DT By Jon Passantino, CNN (CNN) — Dozens of news organizations on Sunday condemned a police raid on a Kansas newspaper and its publisher’s home, sending a letter to the local police department’s chief urging him to immediately return all seized materials. The four-page letter, sent by the Reporters Committee for Freedom of the

By Oliver Darcy, CNN Business (CNN) — CBS News President and co-head Neeraj Khemlani, who has led the Tiffany Network’s news division and local TV stations for a little more than two years, abruptly announced Sunday that he would step down from his role. “I have some news to share today, and I don’t want

By Jennifer Korn, CNN New York (CNN) — “Barbie” has broken numerous records since its July 21 opening and the summer blockbuster is close to breaking another one. Trailing behind “The Super Mario Bros. Movie” by an estimated $48 million, writer-director Greta Gerwig’s “Barbie” appears destined to gain the top spot for highest grossing domestic