CNN – Business/Consumer

By Jessica Schneider and Hannah Rabinowitz, CNN Attorney General Merrick Garland announced Wednesday that the Justice Department formally introduced regulations barring department employees from secretly seeking journalists’ records except in limited circumstances. The new regulations only allow prosecutors to subpoena records in certain circumstances, including if the information they are seeking is imperative to prevent

By Matt McFarland, CNN Business Intel spun out its driver-assist subsidiary Mobileye Wednesday and raised $861 million in the initial public offering. Mobileye’s stock was up about 34% during trading Wednesday from the initial public offering price of $21 a share. Intel had purchased Mobileye in 2017 for $15.3 billion, but announced in Dec. 2021

By Parija Kavilanz, CNN Business The list of companies cutting ties with artist and designer Ye following a series of antisemitic remarks continues to grow, with TJ Maxx boycotting the apparel line, the retailer announced Wednesday. The decision follows similar moves by Gap and Foot Locker to pull Yeezy merchandise from their stores. Gap said

By Nicole Goodkind, CNN Business The Securities and Exchange Commission voted Wednesday to adopt a new rule that would require public companies to take back executive compensation when their financial statements contain errors. These “clawback” requirements are intended to hold corporate executives financially accountable for any reporting errors, whether they are the result of fraud

By Paul R. La Monica, CNN Business Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn. The spread between super short-term 3-month Treasury yields and the benchmark 10-year yield briefly inverted late Tuesday and did so again Wednesday. That means that yields for

By Zoe Sottile and Claudia Dominguez, CNN Two disgruntled customers are suing a California marijuana company, alleging that their prerolled joints were not as strong as claimed. The lawsuit was filed on October 20 against DreamFields Brands, Inc. for allegedly falsely claiming that their products have a high THC component, according to the suit. THC,

By Peter Valdes-Dapena, CNN Business General Motors makes a big deal out of the Ultium battery technology underpinning its new and upcoming electric vehicles like the Cadillac Lyriq, GMC Hummer EV and the Chevrolet Silverado EV pickup. But the GM EV that’s a hit with customers right now is, ironically, the Bolt, a model that

By Matt Egan, CNN Business Democratic Sen. Sherrod Brown is warning the Federal Reserve not to attack inflation so aggressively that it undoes the historic progress in the jobs market. “For working Americans who already feel the crush of inflation, job losses will make it much worse. We can’t risk the livelihoods of millions of

By Jordan Valinsky, CNN Business Bed Bath and Beyond has named a new CEO — and investors were selling the stock. The beleaguered retailer has tapped interim leader Sue Gove to the position permanently. She’s held the position for the past four months following the exit of its former CEO Mark Tritton, who failed to

By Chris Isidore, CNN Business Boeing reported an unexpected loss in the third quarter Wednesday after taking a massive $2.8 billion charge related to its high profile defense and space businesses, including completing the new versions of Air Force One and its much delayed Starliner space capsule. The company also continued to report losses from

By Anna Cooban, CNN Business Europe has more natural gas than it knows what to do with. So much, in fact, that spot prices briefly went negative earlier this week. For months, officials have warned of an energy crisis this winter as Russia — once the region’s biggest supplier of natural gas — slashed supplies

By Frank Pallotta, CNN Business Ye — formerly known as Kanye West — has lost partnerships with fashion brands including Gap, Balenciaga and Adidas following his antisemitic comments in recent weeks. Now, questions remain about the business that helped propel Ye onto the fashion scene in the first place: Music. Since 2004’s “The College Dropout”

By Rob McLean, CNN Business Two high profile athletes are leaving Kanye West’s sports agency, Donda Sports, in the wake of the artist and businessman’s repeated antisemitic statements. Aaron Donald, a star football player on the Los Angeles Rams, announced Tuesday that he is leaving the agency. In a statement shared on Twitter, Donald and