Money

By Laura He, CNN Hong Kong (CNN) — Global stock index compiler MSCI is deleting dozens of companies from its benchmark China Index, which could further exacerbate fund outflows from Chinese equities after a massive stock market rout. The index provider announced this week that it would drop 66 securities from the MSCI China Index,

By Oliver Darcy, CNN (CNN) — The White House is making its frustration over recent press coverage known. In a letter Tuesday to the White House Correspondents’ Association, Ian Sams, spokesperson for the White House Counsel’s Office, expressed concern over how the news media has covered Special Counsel Robert Hur’s report on President Joe Biden’s handling of classified material. In the letter, which CNN is

By Samantha Delouya, CNN (CNN) — A typo in Lyft’s fourth-quarter earnings report caused the rideshare company’s stock to surge and then dramatically reverse course on Tuesday. In an earnings statement released after the bell, Lyft estimated its gross margin would expand by 500 basis points, or 5 percentage points. That sent the company’s stock

By Chris Isidore, CNN New York (CNN) — Disneyland employees who perform as various Disney characters at the theme park are seeking to join the Actor’s Equity Association, which represents everything from actors on Broadway to strippers in Los Angeles. The union is seeking to represent the 1,700 Disneyland employees in the characters and parades

By Brian Fung, CNN Washington (CNN) — A public feeding frenzy over artificial intelligence may encourage some companies to make hyped-up claims about their use of AI or what the technology can deliver — but they do so at their own peril, according to the chair of the Securities and Exchange Commission. Publicly traded companies

By Allison Morrow, CNN New York (CNN) — Bitcoin rose to $50,000 Monday for the first time in two years, fueled by a rush of new-investor enthusiasm and growing anticipation over a cryptic-sounding event known as “the halving.” Bitcoin, the world’s most popular cryptocurrency, dipped back into the high 40s on Tuesday, snapping seven straight

By Chris Isidore, CNN New York (CNN) — Steve Maller, a flight attendant for nearly 20 years, was one of the flight attendants on the Alaska Airlines flight 1282 when a door plug blew out. With the plane at 16,000 feet, the air pressure in the cabin plunged. Clothing and phones ripped from terrified passengers

By Hanna Ziady, CNN London (CNN) — Tui, one of the world’s largest travel agencies, will leave the London Stock Exchange in June — the latest blow to the British capital’s longstanding reputation as the undisputed leader of Europe’s stock markets. Shareholders in the German company, which is dual-listed in London and Frankfurt, voted Tuesday

By Liam Reilly and Oliver Darcy, CNN (CNN) — Paramount Global, the owner of broadcast and cable TV networks, announced Tuesday it will lay off hundreds of staffers as the media giant looks to reduce costs and grow revenue. The news comes just days after its CBS network saw record-breaking advertising sales and the highest-rated telecast for the

By Elisabeth Buchwald, CNN New York (CNN) — If you’ve opted to cook a romantic meal at home with your partner this Valentine’s Day — no matter how it comes out — know that you’re saving a decent amount of money compared to couples dining out. Even excluding pricey Valentine’s Day menus, it’s becoming increasingly

By Jordan Valinsky, CNN New York (CNN) — For the first time in Major League Baseball history, a woman will be the primary play-by-play voice of a major team. NBC Sports California said Tuesday it has chosen Jenny Cavnar, a broadcasting veteran with nearly two decades of baseball experience, for the prestigious role. She will

By Chris Isidore, CNN New York (CNN) — Boeing, hit by quality concerns following the incident with a door plug blowout on an Alaska Airlines flight early last month, reported that January was its worst month for new airplane orders since the height of the pandemic. The company announced Tuesday that it booked orders for

By Krystal Hur, CNN New York (CNN) — Stocks took a dive Tuesday after a key inflation report revealed stubborn price increases, raising concerns on Wall Street that the Federal Reserve will keep rates higher for longer than anticipated. The Dow Jones Industrial Average slid 525 points, or 1.4%, on Tuesday, its largest single-day drop

CNN By Nathaniel Meyersohn, CNN New York (CNN) — The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices, store closures and job losses. The merger, announced in 2022, sought to combine the fifth and

By Parija Kavilanz, CNN New York (CNN) — With Valentine’s Day fast approaching, stores are relying on procrastinating romantics to make a last-minute dash in stores and online to help clear out the supply of the special-occasion candy. If you’re among them, don’t be fooled by the smorgasbord of cutely packaged candy adorned with hearts

By Brian Fung, CNN Washington (CNN) — A federal judge has temporarily blocked an Ohio law seeking to regulate kids’ access to social media platforms, saying that the law is likely unconstitutional. Monday’s order by District Judge Algenon Marbley reiterates what Marbley said last month when he issued an emergency order halting the Ohio law from going

By Chris Isidore, CNN New York (CNN) — JetBlue’s stock soared more than 14% in premarket trading Tuesday after financier Carl Icahn disclosed late Monday that he had taken a 9.9% stake in the company. Icahn paid an average of $3.56 a share for his 33.6 million shares of the stock, according to the filing.

By Alicia Wallace, CNN New York (CNN) — Price hikes eased off less than expected in January, but still offered a hint of relief for Americans who have suffered through some of the steepest price hikes in four decades. The first measure of inflation for 2024, the Consumer Price Index, showed that prices rose by

By Jeanne Sahadi, CNN New York (CNN) — World events, work problems, illness, financial issues — there are plenty of unhappy stressors that can harm an employee’s mental health. “People are coming (into work) with a lot more than what is on their to-do list. Those stresses can affect how they’re feeling and how they perform

By Anna Cooban, CNN London (CNN) — Thousands of drivers for ride hailing services and food delivery riders in the United States and United Kingdom are due to strike on Valentine’s Day in disputes over pay and working conditions. In America, campaign group Justice for App Workers said in a blog post last week that