Money

By Evan Perez, CNN (CNN) — The US Justice Department on Tuesday notified Boeing that it breached terms of its 2021 agreement in which the company avoided criminal charges for two fatal 737 Max crashes. After a series of safety missteps earlier this year, including a door plug that blew off an Alaska Airlines flight shortly after

By Alicia Wallace, CNN (CNN) — Countries have long imposed tariffs as a means of protecting and shoring up domestic industries. However, history and research have shown that the economic effects often fail to live up to the hype. On Tuesday, the Biden administration announced the latest iteration of American import taxes: a wave of

By Parija Kavilanz, CNN New York (CNN) — Walmart said Tuesday it is eliminating several hundred corporate jobs and will relocate most of its remaining remote office staff to its Bentonville, Arkansas, headquarters. Walmart confirmed the move in a memo sent by Donna Morris, its chief people officer, to employees on Tuesday and obtained by

By Peter Valdes-Dapena, CNN (CNN) — The National Highway Traffic Safety Administration is investigating two autonomous driving companies following incidents in which the vehicles behaved erratically and sometimes disobeyed traffic safety rules or were involved in crashes. The investigations involve Waymo, the self-driving technology subsidiary of Google’s parent company Alphabet, as well as Zoox, the

By Gregory Wallace, CNN (CNN) — Despite a surge in hiring last year, air traffic control stations nationwide are still about 3,000 controllers short, according to new Federal Aviation Administration numbers. The numbers, first reported by CNN, show the challenge of filling the gap that led to flight delays and concerns that fatigue contributed to a

By Samantha Murphy Kelly, CNN (CNN) — A day after OpenAI impressed with a startlingly improved ChatGPT AI model, Google showed off an equally stunning vision for how AI will improve the products that billions of people use every day. The updates, announced at its annual Google I/O developer conference, come as the company is

By Elisabeth Buchwald, CNN New York (CNN) — After another reading of hotter-than-expected inflation, you’d think Federal Reserve Chair Jerome Powell might be getting a little worried that the battle will go on much longer than expected. But Powell, for the most part, isn’t stressing ahead of Wednesday’s crucial Consumer Price Index data set to

By Jordan Valinsky, CNN New York (CNN) — “Jeopardy!,” the 60-year-old game show, is entering its streaming era. Amazon’s Prime Video has ordered a spin-off of the classic, called “Pop Culture Jeopardy!,” which marks the first-time “Jeopardy!” has created a version exclusively for a major streaming service. It’s a “brand-new twist” on the show, Amazon

By Alicia Wallace, CNN (CNN) — The economy has been resilient, the job market healthy and consumers keep spending, but more Americans are becoming financially overextended — especially on their credit cards. New data released Tuesday by the Federal Reserve Bank of New York showed that as household debt balances grew during the first quarter,

By Clare Duffy, CNN New York (CNN) — Amazon’s biggest moneymaker, Amazon Web Services, is getting a new leader. Adam Selipsky, the chief executive of the cloud computing unit, will step down from his role next month, the company announced Tuesday. Selipsky, who first joined AWS in 2005 — before its services were even publicly

By Hadas Gold, CNN (CNN) — Sam Feist, CNN’s longtime Washington bureau chief and senior vice president, is departing the network to lead the nonprofit public affairs channel C-SPAN, the networks announced Tuesday. Feist has been an integral part of CNN’s Washington operations for nearly two decades, previously serving as CNN’s political director and vice

By Alicia Wallace, CNN (CNN) — Americans already contending with persistent and stubbornly high inflation just got more unwelcome news on Tuesday: There are more price hikes likely coming down the pike. Wholesale inflation picked up in April to its highest rate in a year, according to Bureau of Labor Statistics data released Tuesday. The

By Jordan Valinsky, CNN New York (CNN) — Planning a summer vacation in Europe usually requires an exorbitant amount of cash, but when Taylor Swift is involved, it actually might be a deal. Fans looking to snag tickets to the European leg of her popular “Eras Tour” are finding it substantially cheaper to see Swift

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. Famed New York Times journalist Nicholas Kristof on Tuesday will release his memoir, “Chasing Hope: A Reporter’s Life.” In the 432-page work, which I was provided an advanced

By Wayne Chang and Mark Thompson, CNN Taipei/London (CNN) — China has vowed to resolutely defend its interests in the face of huge new US tariffs and warned that the trade barriers would affect the wider relationship between the two economic superpowers. President Joe Biden on Tuesday announced that tariffs on $18 billion worth of

By Matt Egan, CNN New York (CNN) — If voters return former President Donald Trump to the White House, he’s promised to launch an unprecedented crackdown on immigration and even conduct mass deportations. Trump recently told Time that he would aim to deport 15 million to 20 million people, perhaps by using the National Guard.

By Samantha Delouya, CNN (CNN) — On Monday, Melinda French Gates announced her resignation from the Bill and Melinda Gates Foundation, officially ending one of the world’s leading philanthropic partnerships. If you ask Warren Buffett, the foundation is losing its smarter half. In a 2008 Fortune profile, the Berkshire Hathaway CEO said French Gates helped

By Brad Lendon, CNN Seoul, South Korea (CNN) — Ghost Shark and Manta Ray protect the undersea realm. Sounds like the plot of a future Marvel movie, but in actual fact, it’s what could be the future of Pacific naval defenses. Ghost Shark and Manta Ray are the names of prototype uncrewed underwater vehicles –

By Nathaniel Meyersohn, CNN New York (CNN) — Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator. TAGeX Brands is conducting an online auction of Red Lobster restaurant inventory, including kitchen equipment, furniture, tables and chairs. The auction begins Monday and continues through

By Liam Reilly, CNN (CNN) — Rudy Giuliani was suspended from New York City radio station WABC and his talk show canceled after he flagrantly ignored orders not to discuss false 2020 election conspiracy theories, the station’s owner said Monday. Giuliani, the former New York City mayor and Donald Trump lawyer who has hosted a daily