Money

By Clare Duffy, CNN New York (CNN) — It’s only Tuesday, but it’s already been a rough week for the tech world. A tech sell-off on Monday, spurred by disappointing earnings, helped to drag down wider markets. The “Magnificent Seven” tech stocks ultimately lost $615.6 billion in value on Monday, according to data from S&P

By Ramishah Maruf, CNN New York (CNN) — Fast food giant Yum Brands is going all in on value — but only Taco Bell is performing well enough to immediately bring back inflation-weary customers. Temporary store closings in the Middle East, Malaysia and Indonesia due to the Israel-Hamas war, “in addition to a more cost-conscious

By Ramishah Maruf, CNN New York (CNN) — “White Dudes for Harris” said its X account was labeled as spam just a week after it had been locked and then reinstated on the Elon Musk-owned platform. Musk has publicly endorsed Harris’ opponent, Donald Trump. A leader of the political organizing group for Kamala Harris claims there

By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Workers on the Boeing 737 Max that lost a door plug on a January flight told federal safety investigators that they felt pressure to do their jobs too fast to avoid mistakes, according to testimony released Tuesday at the start of a two-day investigative hearing.

By Laura He, Juliana Liu and Anna Cooban, CNN Hong Kong/London (CNN) — Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a patchy recovery on global markets. The benchmark Nikkei 225 index finished 10% higher and the broader Topix closed around 9% up. Elsewhere in Asia,

By Brian Fung and Clare Duffy, CNN New York (CNN) — Google has violated US antitrust law with its search business, a federal judge ruled Monday, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online and to upend decades of dominance. “After having carefully

By Hadas Gold, Oliver Darcy and Liam Reilly, CNN New York (CNN) — Bloomberg News dismissed a reporter and took disciplinary action against other staffers Monday after the outlet broke a news embargo last week on the release of several American prisoners held by Russia, including Wall Street Journal reporter Evan Gershkovich. In a memo

By Ramishah Maruf, CNN New York (CNN) — Elon Musk filed a new lawsuit against OpenAI and CEO Sam Altman Monday, re-opening a legal battle in his fights over artificial intelligence. Musk — who co-founded OpenAI in 2015 — sued the company in February, accusing the ChatGPT maker of abandoning its original nonprofit mission by

By Ramishah Maruf, CNN New York (CNN) — CrowdStrike fired back at Delta after the airline’s CEO lashed out at the cybersecurity firm for computer problems that he said cost Delta $500 million. CrowdStrike claimed Delta would have to explain its own IT shortcomings in any litigation, and that it ignored CrowdStrike’s offers of assistance.

By Laura He, Marc Stewart and Mark Thompson, CNN Hong Kong/London (CNN) — Japanese stocks suffered their biggest ever daily loss Monday as fears about a US economic slowdown sent shock waves through global markets. The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, its biggest drop in history. The

By Allison Morrow, CNN New York (CNN) — The Biden-Harris administration couldn’t shake the “vibecession” even when the economy was on a tear. It may be even harder now that cracks are forming in the labor market. Americans have been grumpy about the economy for the better part of three years because prices have gone

By Chris Isidore, CNN New York (CNN) — The public already knows a lot about the January 5 Alaska Airlines flight that had a door plug blow out of the side of a Boeing 737 Max as it approached 16,000 feet. We’re potentially about to find out a lot more. The incident left a gaping

By Samantha Delouya, CNN (CNN) — After years of saving, Jordyn Carias and her partner purchased a home for the first time last month. To find a place that didn’t break the bank, she said, they had to go smaller. “We had a lot of things we wanted in our first home, but after looking

By Alicia Wallace, CNN (CNN) — When former President Donald Trump last week reasserted his unsubstantiated claim that immigrants are “taking Black jobs,” the phrasing once again became internet fodder. On social media, typically accompanied by the #blackjob or #blackjobs hashtags, people (including celebrities) shared their “Black job,” pushing back on perceived racial stereotypes and

By Robert Ilich, CNN (CNN) — Warren Buffett’s Berkshire Hathaway slashed its stake in tech giant Apple by nearly 50%, according to Berkshire’s second quarter earnings report released on Saturday. Berkshire Hathaway disclosed its holdings in Apple were valued at $84.2 billion at the end of the quarter, dropping from 790 million shares to 400

By Alicia Wallace, CNN Minneapolis (CNN) — For 90-plus years, the Parkway Theater has been a fixture in South Minneapolis, gathering generation after generation of patrons in front of its lone movie screen. Outside of its walls, the years brought plenty of change: wars, economic swings, social movements, a pandemic, technological innovations, and the rise

CNN By Bryan Mena, CNN New York (CNN) — America’s robust post-pandemic job market is teetering on the brink after a lousy July hiring report in which the unemployment rate shot up to 4.3%, a three-year high. The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high