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By Peter Valdes-Dapena, CNN Business (CNN) — Tesla (TSLA) stock charged higher Friday following an announcement by General Motors that GM’s electric vehicles would be able to charge using Tesla (TSLA)’s charging network. That news following a similar announcement from Ford just two weeks before. The company’s stock was up about $12 a share, or
Continue ReadingBy Samantha Murphy Kelly, CNN Business (CNN) — Days after Apple unveiled its $3,499 mixed reality headset, Meta CEO Mark Zuckerberg appeared to take a jab at the company’s pricing and vision for the product. “Our device is also about being active and doing things,” Zuckerberg said at an all-hands meeting with Meta employees on
Continue ReadingBy Parija Kavilanz, CNN New York (CNN) — Walgreens just opened a redesigned store in a downtown Chicago neighborhood where most of the merchandise is intentionally kept out of sight. The store, located on 2 East Roosevelt Road, at one point offered a typical Walgreens shopping experience – multiple aisles stacked with daily essentials, cosmetics,
Continue ReadingBy Nicole Goodkind, CNN New York (CNN) — The bear market is over. But the bear economy isn’t. The eurozone has sunk into recession and some economists fear the United States is next. We’re worrying about rate hikes, inflation, lower spending, layoffs, surging mortgage costs and a war in Europe. That’s a strange place to
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Early results indicate Netflix’s new plan to boost its bottom line by cracking down on password sharing in the United States is paying off. The streaming service has seen a bigger jump in new subscriber sign-ups as a result of the crackdown than it did in the
Continue ReadingCNN By Jeanne Sahadi, CNN New York (CNN) — If you’ve organized your life around a fully remote or highly flexible hybrid work schedule over the past three years, it can feel jarring if your employer decides to change the rules on remote work and require or enforce more on-site attendance. When that happens, employees
Continue ReadingBy Jeanne Sahadi, CNN New York (CNN) — If you’ve organized your life around a fully remote or highly flexible hybrid work schedule over the past three years, it can feel jarring if your employer decides to change the rules on remote work and require or enforce more on-site attendance. When that happens, employees face
Continue ReadingBy Samantha Delouya, CNN Los Angeles (CNN) — After two years of surging prices, economists still can’t agree on what has caused the world’s worst inflation crisis in decades. While the usual culprits cited by economists include pandemic-era supply chain bottlenecks, the war in Ukraine and various US economic policies, others say it’s due to
Continue ReadingBy Michelle Toh and Yoonjung Seo, CNN Hong Kong/Seoul (CNN) — Sam Altman, the CEO of ChatGPT maker OpenAI, used a high-profile trip to South Korea on Friday to call for coordinated international regulation of generative artificial intelligence, the technology that underpins his famous chatbot. “As these systems get very, very powerful, that does require
Continue ReadingBy Anna Cooban, CNN London (CNN) — The UK government plans to scrap its windfall tax on oil and gas companies if energy prices fall below certain levels, abolishing a levy that has raised around £2.8 billion ($3.5 billion) since it was introduced a year ago. The country’s finance ministry announced Friday that it would
Continue ReadingBy Laura He, CNN Hong Kong (CNN) — China’s cyberspace regulator plans to issue new rules clamping down on the use of wireless file sharing functions such as Bluetooth and Apple’s AirDrop on national security grounds. The move comes after protesters in China used AirDrop during anti-government protests in October 2022 to share content, bypassing
Continue ReadingCNN By Oliver Darcy, CNN Business New York (CNN) — The attacks on the rule of law have begun. Moments after news broke on Thursday that disgraced former President Donald Trump had been indicted on federal charges, Fox News and the rest of the MAGA Media universe revved up into attack mode, denigrating the U.S.
Continue ReadingBy Oliver Darcy, CNN Business New York (CNN) — The attacks on the rule of law have begun. Moments after news broke on Thursday that disgraced former President Donald Trump had been indicted on federal charges, Fox News and the rest of the MAGA Media universe revved up into attack mode, denigrating the U.S. justice
Continue ReadingBy Oliver Darcy, CNN Business New York (CNN) — Raj Shah, the Fox Corp. brand protection executive who pushed Fox News in an even more pro-Trump direction after the 2020 election, has left the company. “Raj brought talent and creativity to his role at Fox,” Fox spokesperson Brian Nick told CNN on Thursday. “We appreciate
Continue ReadingCNN By Elisabeth Buchwald, CNN New York (CNN) — Treasury Secretary Janet Yellen said it is in the United States’ best interest to maintain ties with China, though she said documented allegations of human rights abuses in China and questionable trade policies need to be “addressed.” “While we surely have concerns that need to be
Continue ReadingBy Matt Egan, CNN Business New York (CNN Business) — During a closed-door meeting with business leaders on Thursday, Treasury Secretary Janet Yellen stressed that the United States wants to work with China on urgent global challenges, a person familiar with the matter told CNN. The comments by Yellen signal increased efforts by US officials
Continue ReadingBy Samantha Delouya, CNN (CNN) — General Motors electric vehicle owners can soon access Tesla’s vast network of electric vehicle fast chargers, called Superchargers, both companies announced Thursday. GM said it will begin to integrate Tesla’s charging ports, dubbed the North American Charging Standard (NACS), into new EVs in 2025. “Not only will it help
Continue ReadingBy Anna Bahney, CNN Washington, DC (CNN) — Middle income home buyers in the United States are finding little on the market to buy, even if they can qualify and afford a mortgage. These would-be buyers face the most severe housing shortage of any other income bracket, according to a new analysis from the National
Continue ReadingBy Tami Luhby, CNN New York (CNN) — Elevated by a strong stock market, Americans’ household wealth rose to nearly $149 trillion in the first quarter of 2023, new federal data shows. But that’s still several trillion dollars shy of its recent peak. The net worth of households rose by $3 trillion in the early
Continue ReadingBy Nicole Goodkind, CNN New York (CNN) — Wall Street is feeling bullish again. The S&P 500 rallied Thursday to end the day in a bull market, marking a 20% surge since its most recent low, reached on October 12, 2022. That brings to end the bear market that began in January 2022. Buoyed by
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