Money

By Nathaniel Meyersohn, CNN New York (CNN) — Target, a barometer of the American consumer, said its sales last year fell for the first time since 2016. Now it’s predicting a sluggish 2024 as shoppers are weighed down by higher prices. Target said Tuesday that its sales at stores open for at least one year

By Fred Pleitgen and Olesya Dmitracova, CNN Berlin/London (CNN) — A group of far-left activists has claimed it was behind an arson attack on a high-voltage electricity pylon Tuesday that cut off the power supply to Tesla’s factory in Germany. The activists, calling themselves the “Volcano Group,” claimed responsibility for the fire in a letter

By Diksha Madhok and Wayne Chang, CNN New Delhi/Hong Kong (CNN) — Taiwan has swung into damage control mode after its labor minister made controversial comments about the skin color, religion and diets of some Indians ahead of a potential drive to recruit migrant workers to the island. In an interview with Yahoo TV last

By Kocha Olarn and Manveena Suri, CNN Hong Kong/Bangkok (CNN) — Tesla is in talks with the Thai government to build a production facility in the country, the prime minister’s office told CNN on Tuesday. The government has offered Tesla (TSLA) a 100% green facility, according to Prommin Lertsuridej, secretary general to the prime minister,

By Allison Morrow, CNN New York (CNN) — Bitcoin surged to an all-time high Tuesday, shaking off a more-than-two-year rut that had put the future of the entire crypto ecosystem in question. Bitcoin, the world’s oldest — and by far the largest — digital currency, traded above $69,000 Tuesday morning, topping the previous record of

By Ramishah Maruf, CNN New York (CNN) — Jeff Bezos has reclaimed the title of the richest person on Earth, surpassing Elon Musk, according to the Bloomberg Billionaires Index on Monday. The Amazon founder’s net worth was $200 billion, while Musk followed at $198 billion. Musk has lost about $31 billion over the past year,

By Simone McCarthy, CNN Beijing (CNN) — China has set an ambitious economic expansion target of “around 5%“ for 2024, as its leaders vowed to “transform the growth model” in the face of significant challenges facing its development. The figure — similar to last year’s growth target — was announced by Chinese Premier Li Qiang

By Rene Marsh and Matt Egan, CNN (CNN) — Harvard University turned over another trove of documents about campus antisemitism to Congress on Monday evening in response to an unprecedented subpoena from the House Education and Workforce Committee. Harvard was facing a 5 pm ET Monday deadline to respond to the subpoena, the first issued since the

By Elisabeth Buchwald, CNN New York (CNN) — Shares of New York Community Bank (NYCB) fell 23% Monday, hitting their lowest level since 1996. The stock is struggling to recover after the beleaguered regional lender said in a filing last week it had identified “material weakness” in the company’s controls. The issues caused a $2.4

By Bryan Mena, CNN Washington, DC (CNN) — Cookie Monster has taken a stance on a very real and controversial trend in the US economy — and he hates it. The gluttonous blue Sesame Street character known for gorging on cookies expressed his dismay at “shrinkflation” Monday in a post on X. Cookie Monster is

By Ramishah Maruf, CNN New York (CNN) — “Dune: Part Two” raked in $82.5 million at the domestic box office on during its opening weekend, narrowly surpassing the opening weekend of the 2023 blockbuster film “Oppenheimer.” The two films came from different studios — “Dune: Part Two” is a Warner Bros. Pictures movie and shares

By Brian Fung and Clare Duffy, CNN New York (CNN) — A group of former Twitter executives sued Elon Musk on Monday in a bid to recover more than $128 million in severance that they allege Musk has not paid since he acquired the company, now called X, more than a year ago. The executives

By Pete Muntean, Gregory Wallace and Chris Isidore, CNN Washington DC (CNN) — The Federal Aviation Administration has found multiple problems with Boeing’s production practices following a six-week audit of Boeing triggered by the January 5 door plug blowout on an Alaska Airlines’ 737 Max 9. “The FAA identified non-compliance issues in Boeing’s manufacturing process

By Hanna Ziady, CNN London (CNN) — The Church of England has welcomed a report that calls for it to spearhead the establishment of a £1 billion ($1.3 billion) fund to address its historical ties to slavery. The document, released Monday, recommends that the church’s initial commitment of £100 million ($127 million) to the “Fund

By Chris Isidore, CNN New York (CNN) — JetBlue Airways announced Monday it is pulling out of its deal to purchase Spirit Airlines. The decision comes in the wake of a federal court ruling blocking the deal from taking place on antitrust grounds. The Justice Department had argued that airfares could go up if Spirit

By Nicole Goodkind, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. After decades of growth bolstered by low interest rates and

By Anna Cooban, CNN London (CNN) — The European Union has fined Apple €1.84 billion ($2 billion) for breaking its competition laws. The bloc announced Monday that it was imposing the fine on Apple (AAPL) — its first-ever antitrust penalty on the US tech giant — for preventing rival music streaming services such as Spotify

By Samantha Murphy Kelly, CNN (CNN) — Last month, news surfaced that major companies like Walmart, Starbucks, Delta and Chevron were using AI to monitor employee communications. The reaction online was swift, with employees and workplace advocates worrying about a loss of privacy. But experts say that while AI tools might be new, watching, reading

By Hanna Ziady, CNN London (CNN) — Damage to submarine cables in the Red Sea is disrupting telecommunications networks and forcing providers to reroute as much as a quarter of traffic between Asia, Europe and the Middle East, including internet traffic. Cables belonging to four major telecoms networks have been “cut” causing “significant” disruption to

By Laura He, CNN Hong Kong (CNN) — Asian markets have started the week on an upbeat note. Japan’s Nikkei 225 index jumped above 40,000 points for the first time on Monday, extending a historic rally that analysts say may have much further to run. The milestone comes just days after the stock market index