Money

By Hanna Ziady, CNN London (CNN) — Britain’s biggest water supplier said Wednesday it needed to raise more cash from investors, as UK media reported the government was preparing contingency plans to rescue the company. Thames Water provides drinking water and waste water services to 15 million customers in London and the southeast of England.

By Chris Isidore and Caroll Alvarado, CNN New York (CNN) — Hundreds of thousands of US airline customers were stranded this week as severe weather grounded planes and led to canceled flights. But storms were only one factor behind the travel nightmare. Staffing shortages, at both US airlines and the Federal Aviation Administration’s air traffic

By Nathaniel Meyersohn, CNN New York (CNN) — Some shoppers are buying Costco’s $4.99 rotisserie chickens and paying at self-checkout. The problem: They aren’t all members. Since Costco has expanded self-checkout, the company has noticed that non-members have been sneaking in to use membership cards that don’t belong to them. The warehouse club retailer will

By Danielle Wiener-Bronner, CNN New York (CNN) — Lawmakers and prominent social media personalities have in recent days rallied against a proposed New York City rule that some say would crack down on the city’s beloved pizzerias. Sen. Marsha Blackburn of Tennessee tweeted Monday that “New York City wants to ban wood-fired pizzerias,” adding that

By Peter Valdes-Dapena, CNN New York (CNN) — As Ford shifts to producing more electric vehicles, it expects to lay off a number of employees, mostly engineers, in North America over the coming days. The company would not confirm any specific number of employees involved. “This is related to the Ford+ growth plan we introduced

By Jordan Valinsky, CNN Business New York (CNN) — Spirits maker Diageo has cut ties with Sean “Diddy” Combs, ending a lucrative 15-year partnership that recently culminated in a racial discrimination lawsuit. The music mogul charged that Diageo had neglected and underpromoted his DeLeón tequila, dismissing it as an “urban” product in its marketing, in

By Allison Morrow, CNN New York (CNN) — A federal judge on Tuesday denied efforts by Sam Bankman-Fried, the crypto entrepreneur accused of orchestrating a multibillion-dollar fraud, to have some of his criminal charges thrown out. Judge Lewis Kaplan of the Southern District of New York said in an opinion that the defense’s arguments “are

By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks will clarify its policy on Pride decorations following criticism and strikes at unionized stores. “We intend to issue clearer centralized guidelines… for in-store visual displays and decorations that will continue to represent inclusivity and our brand,” Sara Trilling, president of Starbucks North America, wrote in an

By Elisabeth Buchwald, CNN New York (CNN) — US inflation could hit the Federal Reserve’s 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday. “We think it will take [Fed officials] all of this year and all of next year and into 2025 before they get inflation

By Nathaniel Meyersohn, CNN New York (CNN) — Pickleball, America’s fastest-growing sport, is taking a toll on players’ wrists, legs and shoulders. And it’s especially popular with injury-prone seniors, which is driving up the cost burden. Pickleball injuries may cost Americans $377 million in health care costs this year, accounting for 5% to 10% of

By Parija Kavilanz, CNN New York (CNN) — Walgreens Boots Alliance on Tuesday reported earnings that tumbled from the same time a year ago amid softening consumer spending and a pullback in demand for Covid vaccines. The pharmacy chain posted earnings for its fiscal third quarter of $118 million, or 14 cents a share, compared