Money

By Chris Isidore, CNN New York (CNN) — Elon Musk said Thursday that Verizon’s efforts to provide a critically needed upgrade to the FAA’s air traffic control system is failing. And he said that it is important that Starlink, a unit of his SpaceX satellite and rocket company, take over. “The Verizon communication system to

By Clare Duffy, CNN New York (CNN) — Meta is apologizing for a technical error after some users said they saw violent, graphic videos in their Instagram Reels feed. “We have fixed an error that caused some users to see content in their Instagram Reels feed that should not have been recommended,” a Meta spokesperson

By Elisabeth Buchwald, CNN (CNN) — US President Donald Trump said Thursday tariffs of 25% on Mexican and Canadian goods are set to take effect on March 4, while also threatening to impose an additional 10% on Chinese imports on the same date. Mexico, China and Canada are America’s top three trading partners. Simultaneous tariffs

By Alicia Wallace, CNN (CNN) — First-time applications for unemployment benefits rose much more than expected last week, a likely indication of some “noisy” data, but also a potential worrisome hint that cracks may be forming in America’s long-solid labor market. There were an estimated 242,000 jobless claims filed last week, according to seasonally adjusted

By Jordan Valinsky, CNN New York (CNN) — Subway is resurrecting its discounted footlong promotion, as stubbornly high inflation has led to a sluggish start to the year across the fast-food industry. Restaurant chains have scrambled over the past year to attract customers who are fed up with high prices. Although some have succeeded with

By Clare Duffy, CNN New York (CNN) — Nvidia exceeded Wall Street’s expectations as it closed out 2024, achieving stunning sales and profit growth — and much of Silicon Valley is likely breathing a sigh of relief at what the results say about the artificial intelligence industry. The chipmaking giant’s shares dipped just over 1%

By Lianne Kolirin and Esha Mitra, CNN (CNN) — An Indian man has been awarded damages in a legal case against the country’s biggest movie theater chain after he complained that it showed too many commercials before a movie. Abhishek M R, a 31-year-old lawyer from the southern city of Bangalore, decided to take action

By Liam Reilly, CNN (CNN) — Washington Post owner Jeff Bezos on Wednesday announced a “significant shift” to the publisher’s opinion page that led David Shipley, the paper’s editorial page editor, to leave the paper. The changes upended precedent and rattled a media company that has already been shaken by years of turmoil and leadership

By Nathaniel Meyersohn, CNN New York (CNN) — Florida has been blasted with stronger hurricanes than ever before. A prolific disease carried by insects continues to devastate orange groves. And, on top of all that, consumers are watching their sugar intake. It’s adding up to a disaster for Tropicana orange juice. Tropicana, founded in 1947

By Chris Isidore, CNN New York (CNN) — President Donald Trump is once again talking about privatizing the US Postal Service. It’s an idea that has employees and major users of the mail very nervous. The 250-year old service is an independent government organization that is older than the country itself. With billions in annual

By Bryan Mena, CNN Washington (CNN) — American consumers and businesses are feeling uneasy, fearing higher inflation is lurking around the corner as President Donald Trump talks massive tariffs. That’s raising questions on what America’s souring economic mood means for spending, hiring and the future of the world’s largest economy. “The kinds of changes that

By Wayne Chang, Will Ripley and Eric Cheung, CNN (CNN) — China’s DeepSeek shocked the world by delivering unexpected innovation at an unbelievable price. But this disruptive trend isn’t confined to Big Tech: It has been quietly happening in the pharmaceutical sector. In September, Akeso, a little-known Chinese biotech company founded nearly a decade ago