Money

By Clare Duffy and Samantha Delouya, CNN New York (CNN) — Linda Yaccarino, a former NBCUniversal marketing executive, on Monday officially took over the CEO role at Twitter from Elon Musk, weeks after the billionaire announced hiring her for the top spot at the social media company. “It happened — first day in the books!,”

By Jordan Valinsky, CNN New York (CNN) — Spotify is laying off 200 employees from its podcasting unit, amounting to 2% of the audio streaming company’s global workforce. In a note Monday, the Sweden-based company said it has “made the difficult but necessary decision to make a strategic realignment” within its podcast department, including merging

By Samantha Kelly and Catherine Thorbecke, CNN (CNN) — Apple on Monday unveiled its most ambitious – and riskiest – new hardware product in years: a mixed reality headset called the Apple Vision Pro. Apple (AAPL) CEO Tim Cook touted the Vision Pro, which combines virtual reality and augmented reality, as a “revolutionary product,” with

By Rob Picheta, CNN London (CNN) — Prince Harry will take to the witness stand Tuesday as his years-long battle against Britain’s tabloid media reaches its most dramatic stage so far. The royal is preparing to face questions in a London court as part of his case against a major newspaper publisher. But the judge

By Brian Fung, CNN Washington (CNN) — Four US senators are scrutinizing Twitter’s privacy practices and questioning whether the platform under CEO Elon Musk may have flouted consumer protection laws following widespread layoffs and resignations — an inquiry that could highlight vast legal risks for Twitter and potentially for Musk himself. In a letter dated

By Matt Egan, CNN New York (CNN) — Many CEOs, investors and economists had penciled in 2023 as the year when a recession would hit the American economy. The thinking was that the US economy would grind to a halt because the Federal Reserve was effectively slamming the brakes to squash inflation. Businesses would lay

By Hanna Ziady, CNN London (CNN) — Global airlines should make nearly $10 billion in profit this year as business bounces back from the pandemic, according to a new forecast from the International Air Transport Association (IATA). IATA on Monday more than doubled its 2023 profit forecast for the global airline industry despite a looming

By Donie O’Sullivan, CNN New York (CNN) — Instagram announced Sunday it had lifted its ban on Robert F. Kennedy Jr., the anti-vaccine activist who has launched a presidential bid, two years after it shut down Kennedy’s account for breaking its rules related to Covid-19. “As he is now an active candidate for president of

By Mark Thompson and Michelle Toh, CNN London/Hong Kong (CNN) — Oil prices rose Monday after Saudi Arabia said it would slash output by another one million barrels per day for at least a month starting in July as part of an effort by OPEC+ producers to shore up crude prices. At 5.30 a.m. ET,

By Ramishah Maruf, CNN New York (CNN) — The Directors Guild of America reached a “historic” tentative deal for wages, work hours, residuals and even artificial intelligence Saturday night as the writers’ strike continues. The pact was reached to set the terms of a new three-year collective bargaining agreement with the Alliance of Motion Picture

By Ramishah Maruf, CNN New York (CNN) — Bank of America CEO Brian Moynihan said although he is relieved lawmakers reached a resolution for the debt ceiling, it is “not good for the United States to go through this.” The resolution “provided momentary momentum in the markets and allows us to face the real economic

By Ramishah Maruf, CNN New York (CNN) — Chuck Todd, the longtime host of NBC’s “Meet the Press,” is stepping down from his role, he shared with the audience on Sunday. Colleague Kristen Welker, who is a regular fill-in on the Sunday broadcast, will take over the role. Welker, who has been with NBC News

By Parija Kavilanz, CNN New York (CNN) — As inflation continues to strain family budgets, forcing people to prioritize purchasing daily necessities over discretionary buys, one maker of popular footwear is lowering prices on its products to provide some relief to weary consumers. Oregon-based Keen, which makes walking shoes, boots and water sandals for toddlers

CNN By Parija Kavilanz, CNN New York (CNN) — As inflation continues to strain family budgets, forcing people to prioritize purchasing daily necessities over discretionary buys, one maker of popular footwear is lowering prices on its products to provide some relief to weary consumers. Oregon-based Keen, which makes walking shoes, boots and water sandals for

By Samantha Murphy Kelly, CNN (CNN) — Apple may be just one day away from unveiling its most ambitious new hardware product in years. At its Worldwide Developers Conference, which kicks off Monday at its Cupertino, California, campus, Apple (AAPL) is widely expected to introduce a “mixed reality” headset that offers both virtual reality and

By Ashley R. Williams, CNN (CNN) — A brew inspired by Netflix’s “The Witcher” has kicked off a partnership between the streaming app and one of the largest nonalcoholic craft breweries in the US. Athletic Brewing Company’s collaboration with Netflix will feature limited edition, co-branded nonalcoholic beers, the brewing company announced in a news release.