Money

By Samantha Murphy Kelly, CNN (CNN) — Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing. Average daily active users (DAUs) were 77.7 million, up 17% year-over-year. But analysts said Roblox needs to prove to Wall Street

By Olesya Dmitracova, CNN London (CNN) — FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan. “The plan contemplates payment in full of all non-governmental creditors based on the value of their claims as determined by

By Chris Isidore, CNN New York (CNN) — Just more than a year after a massive derailment of a Norfolk Southern freight train led to the release of tank cars full of toxic chemicals and increased attention to the issue of railroad safety, the control of the railroad is up for grabs at its annual

By Hanna Ziady, CNN London (CNN) — AstraZeneca is withdrawing its highly successful coronavirus vaccine, citing the availability of a plethora of new shots that has led to a decline in demand. The vaccine — called Vaxzevria and developed in partnership with the University of Oxford — has been one of the main Covid-19 vaccines

By Samantha Murphy Kelly and Samantha Waldenberg, CNN (CNN) — Microsoft said it is pouring $3.3 billion into building a data hub in Wisconsin that aims to train employees and manufacturers on how to best use artificial intelligence. President Joe Biden will appear at the site in Mount Pleasant, Wisconsin, on Wednesday to highlight the

By Wayne Sterling and Michael Nam, CNN (CNN) — IndyStar sports columnist Gregg Doyel “will not be covering the Indiana Fever,” an IndyStar spokesperson told CNN in a statement Tuesday. In April, Doyel had a cringeworthy exchange during Caitlin Clark’s introductory news conference as the newest member of the WNBA team. The IndyStar writer made

By Danielle Wiener-Bronner, CNN New York (CNN) — A janitorial company has been fined $649,000 after an investigation found it hired minors for dangerous jobs cleaning slaughterhouses, the United States Department of Labor said Monday. Fayette Janitorial Service had employed at least 24 children, including those as young as 13, according to the DOL investigation.

By Gloria Pazmino, CNN New York (CNN) — A group of 13 conservative US federal judges are vowing to not hire Columbia University law students or undergraduates because of how the school has handled pro-Palestinian demonstrations on its campus in recent weeks. The judges sent a letter to Columbia President Minouche Shafik and the dean

By Brian Fung, CNN Washington (CNN) — TikTok sued Tuesday to block a US law that could force a nationwide ban of the popular app, following through on legal threats the company issued after President Joe Biden signed the legislation last month. The court challenge sets up a historic legal battle, one that will determine

By Jack Guy, CNN (CNN) — The maker of the Swiss Army Knife is working on a new version of the classic multi-tool, which won’t have a blade. “We are in the early stages of developing pocket tools without blades,” a spokesperson for Swiss firm Victorinox told CNN in a statement Tuesday, adding that they

By Elisabeth Buchwald, CNN New York (CNN) — People watching NBA playoff games on Tuesday night will view a new ad purchased by Robert Kraft’s Foundation to Combat Antisemitism telling them, “Don’t bring hate to the protest.” “Scream until you’re red in the face. But don’t scream at the Jewish kid walking to class,” the

By Samantha Murphy Kelly, CNN (CNN) — Apple is hoping its latest iPad lineup will breathe new life into its sluggish tablet market. In a pre-recorded live streamed event from its Cupertino, California headquarters, the company introduced the latest versions of its iPad Pro and iPad Air tablets, and an all-new Apple Pencil Pro. CEO

By Jeanne Sahadi, CNN New York (CNN) — Elections do have consequences. But if the past century is any guide, the long-term consequences of US presidential election years on investor portfolios, including 401(k)s, is minimal at best. A recent analysis by retirement planning firm TIAA considered how a moderate-risk portfolio with 60% stocks and 40%

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. In mid-April, when New York magazine sought to report on the pro-Palestinian student protests engulfing Columbia University, the features editor overseeing the storied publication’s coverage devised

By Peter Valdes-Dapena, CNN (CNN) — Auto body repair was a pretty straightforward business not that long ago. When metal got bent in a crash, someone needed to unbend it. It was a craft. These days, it’s high-tech. Virtually every new vehicle sold in the last few years has sensors and cameras, including radar and

By Hanna Ziady, CNN London (CNN) — UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal. Shares in the Swiss lender surged 10% in Zurich Tuesday after it posted net profit of $1.8

By Jordan Valinsky, CNN New York (CNN) — Disgraced former Theranos CEO Elizabeth Holmes could be out of prison several months earlier than expected, according to the projected release date posted by the Bureau of Prisons. The Bureau of Prisons’ online database currently shows that Holmes’ expected release date from a Texas prison is August

By Jerome Taylor, CNN Hong Kong (CNN) — Nintendo says it plans to announce the followup to its popular Switch console by March 2025. “We will make an announcement about the successor to Nintendo Switch within this fiscal year,” Shuntaro Furukawa, the company’s president, wrote on X on Tuesday. “It will have been over nine

By Mariya Knight, CNN Atlanta (CNN) — Vladimir Kara-Murza, a prominent Russian human rights advocate and Kremlin critic, has won the Pulitzer Prize for commentary written from his prison cell. Kara-Murza is serving a 25-year jail term for publicly criticizing Moscow’s war in Ukraine. The sentence had been widely condemned by the international community as draconian