Money

By Chris Isidore, CNN New York (CNN) — Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. Ford, like most automakers, has

By Samantha Delouya, CNN (CNN) — A federal judge gave a green light to the National Association of Realtors’ settlement, paving the way for an overhaul of the way people buy and sell their homes in the United States. On Tuesday, Judge Stephen Bough granted preliminary approval to the $418 million antitrust settlement in a

By Hanna Ziady, CNN London (CNN) — A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses and protect taxpayers from ever having to bail out a major bank. Now, the giant Swiss lender is hitting back, saying its

By Matt Egan, CNN New York (CNN) — Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price. In a letter disclosed on Wednesday, Devin Nunes, the CEO of Truth Social owner Trump Media (DJT), alerted the GOP Chairmen of the House Ways and

By Olesya Dmitracova, CNN London (CNN) — European Union officials have raided the offices of Chinese security equipment maker Nuctech as part of a probe into subsidies, exposing rising tensions between the bloc and one of its biggest trading partners. The European Commission said Tuesday that it carried out “unannounced inspections” at the premises of

By Chris Isidore, CNN New York (CNN) — Boeing reported a slightly smaller loss in the first quarter compared to the same time a year ago, but said fixing the problems that got attention after the Alaska Air incident will push back its financial recovery and cost it $443 million in compensation to its airline

By Hilary Whiteman, CNN Brisbane, Australia (CNN) — In one camp is a tech billionaire with more than 181 million followers on his own social network. In the other, political leaders representing a country of just 26 million people. Insults have been hurled for days by both sides in an increasingly bare-knuckled fight between X

By Ross Levitt and Pete Muntean, CNN (CNN) — A union representing Boeing engineers has alleged the plane maker retaliated against two employees who, at the time, were working on behalf of the Federal Aviation Administration (FAA) to provide manufacturing oversight. The allegations came to light in recent days after the Society of Professional Engineering Employees in

By Ramishah Maruf and Nicole Goodkind, Elizabeth Wolfe, Melissa Alonso and John Towfighi, CNN New York (CNN) — National political leaders ratcheted up the pressure for Columbia University President Minouche Shafik to step down on Wednesday as pro-Palestinian protests continued at the school’s New York campus and spread to colleges across the country. The escalation

By Amy Gunia, CNN (CNN) — India is one of the world’s top spacefaring nations. It is the first Asian country to reach Mars orbit, and the fourth on the planet to take a spacecraft to the moon, landing closer to the south pole, known for its cratered terrain, than anyone else had at the

By Jeanne Sahadi, CNN New York (CNN) — The Federal Trade Commission on Tuesday voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. Such a ban could affect tens of millions of workers. President Joe Biden soon after the announcement said, “The FTC is cracking down on ‘non-compete agreements,’ contracts

By Catherine Thorbecke, CNN (CNN) — Google has fired an additional 20 workers that it says were involved in protests last week over the company’s cloud-computing contract with the Israeli government, bringing the total number of workers fired to 50, according to the group organizing the demonstrations. No Tech for Apartheid, the organizers of the

By Bryan Mena, CNN Washington (CNN) — Sales of newly built single-family homes in the United States soared in March despite mortgage rates remaining elevated that month. New home sales, which make up about 10% of the market, jumped 8.8% last month to a seasonally adjusted annual rate of 693,000, according to government figures released

By Anna Cooban, CNN London (CNN) — Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market debut Tuesday, tumbling as much as 38% from their listing price. The company, also known as Chabaidao or ChaPanda, had priced its shares at $17.50 Hong Kong dollars ($2.23) apiece, but they plunged

By Chris Isidore and John Fritze, CNN Washington, DC (CNN) — Starbucks and the National Labor Relations Board, the federal agency charged with protecting workers’ rights, will battle each other before the Supreme Court Tuesday, in one of numerous cases now pending in which major employers are questioning the NLRB’s powers and even its right

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. David Pecker is breaking his silence. The former National Enquirer boss on Monday became the first witness called to testify in Donald Trump’s historic hush-money trial. Sitting in

By Nathaniel Meyersohn, CNN New York (CNN) — For five decades, the southern United States has been an attractive location for foreign automakers to open plants thanks to generous tax breaks and cheaper, non-union labor. Now, the United Auto Workers has dealt a serious blow to that model: winning a landslide union victory after decades

By Diksha Madhok, CNN New Delhi (CNN) — Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market. The Shenzhen-based conglomerate, which has been a flashpoint in the escalating rivalry between Washington and Beijing, saw 70% year-on-year growth in its smartphone