Money

By Peter Valdes-Dapena, CNN New York (CNN) — Korean automakers Kia and Hyundai have agreed to an estimated $200 million class action legal settlement over claims that many of the companies’ cars and SUVs are much too easy to steal. The settlement, which could cover up to nine million vehicle owners, provides a total of

By Matt Egan, CNN New York (CNN) — During a meeting with more than two dozen bank CEOs on Thursday, Treasury Secretary Janet Yellen stressed the urgent need for Congress to address the debt ceiling, according to a readout of the meeting from the Treasury Department. The meeting, which took place in Washington and included

By Lauren del Valle, CNN (CNN) — In a second legal victory for Ed Sheeran this month, a federal district judge dismissed another lawsuit that claimed Sheeran’s hit “Thinking Out Loud” copied the 1973 Marvin Gaye hit “Let’s Get It On.” The lawsuit, brought by Structured Asset Sales LLC, investment banker David Pullman’s company that

By Allison Morrow, CNN New York (CNN) — Sam Zell, the Chicago real-estate magnate whose knack for buying up distressed assets turned him into a billionaire and earned him the nickname “grave dancer,” died on Thursday, his company said. He was 81. Equity Residential, the company he founded decades ago, did not provide a cause

By Jordan Valinsky, CNN Business New York (CNN) — Two iconic Texas brands have come together to create a Dr Pepper Float ice cream. The soda company is partnering with Blue Bell Creameries to create the flavor, which mixes together vanilla ice cream and a Dr Pepper-flavored sherbet. It’s available beginning Thursday in pint and

By Jordan Valinsky, CNN New York (CNN) — Chick-fil-A’s first-ever restaurant is closing after more than a half-century in business. Opened in 1967, the Greenbriar Mall food court location in Atlanta is set to close on Saturday, according to local reports. The location’s Facebook page says it’s permanently closed. It’s unclear why the restaurant is

CNN By Vanessa Yurkevich, CNN New York (CNN) — As the sun sets on another Little League game in America, 11-year Jack Wood, whose team just lost its recent game — and its first-place position — is still glowing with pride. “Baseball is just, like, very fun, I want to go to the MLB,” said

By Alicia Wallace, CNN Minneapolis (CNN) — The number of first-time claims for weekly jobless benefits fell last week to 242,000, down 22,000 from 264,000 the week before, according to data published Thursday by the Department of Labor. Continuing claims, which are filed by people who have received jobless benefits for more than one week,

By Nathaniel Meyersohn, CNN New York (CNN) — Inflation-fatigued shoppers are heading to Walmart for groceries while they’re pulling back on nonessential purchases at other chains. Walmart (WMT), America’s largest retailer, posted strong sales last quarter and raised its outlook for 2023. The company said Thursday that sales at stores open for at least one

By Laura He, CNN Hong Kong (CNN) — Chinese President Xi Jinping has opposed the lifting of curbs on street vendors in Beijing, signaling splits within government over a policy shift aimed at tackling rising unemployment. In a recent tour of the Xiongan New Area, a city south of Beijing, Xi unusually revealed his personal