Money

By Hanna Ziady, CNN London (CNN) — The United States measures its lead over competitors in artificial intelligence in “months,” according to a lawmaker, highlighting the intense rivalry between nations to dominate a technology poised to transform the global economy. Speaking at the annual meeting of the World Economic Forum in Davos in Switzerland Tuesday,

By David Goldman, CNN New York (CNN) — Elon Musk says he wants a significantly larger stake in Tesla than the one that already made him the richest person on the planet. In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader

By Anna Bahney, CNN Washington, DC (CNN) — Buying a family-sized home with three or more bedrooms used to be manageable for young people with children. But with home prices climbing faster than wages, mortgage rates still close to 23-year highs and a shortage of homes nationwide, many Millennials with kids can’t afford it. And

By Nicole Goodkind, CNN New York (CNN) — Goldman Sachs reported a strong fourth quarter earnings report, driven largely by impressive results in their asset and wealth management divisions. The company announced Tuesday that profit had increased by about 51% from a year ago, to just over $2 billion. Revenue came in at $11.3 billion

By Laura He, CNN Hong Kong (CNN) — China’s economy grew by about 5.2% in 2023, slightly better than the official target Beijing had set, Premier Li Qiang said Tuesday at the World Economic Forum’s annual meeting in Davos, Switzerland. “In the past year of 2023, China’s economy has generally rebounded and improved,” the country’s second highest

Alkira Reinfrank, Mengchen Zhang and Michelle Toh, CNN Shenzhen, China (CNN) — Imagine a future where you can do just about anything simply by waving your hand: making purchases, taking the subway or letting yourself in at the office. In China, Tencent is already doing it. The Shenzhen-based tech giant has rolled out a palm

By Samantha Delouya, CNN (CNN) — Uber is shutting down its alcohol delivery app, Drizly, just three years after acquiring it for $1.1 billion. Buoyed by the pandemic-era at-home delivery boom, Drizly had grown to become the largest online marketplace for alcohol in North America, but it will officially shut down at the end of

By Catherine Thorbecke, CNN New York (CNN) — Apple is offering temporary discounts on its iPhones and other products in China, in an extremely rare move for Apple that comes as competition within Asia’s smartphone market grows more intense. As part of a sale pegged to the Lunar New Year event, Apple’s official Chinese website

By Eva Rothenberg and Pete Muntean, CNN New York (CNN) — Flight cancellations across the country continue to cause headaches for thousands of travelers, and Southwest is topping the list of most-affected airlines for the second consecutive day. But the source and scope of these disruptions are different from the meltdown the airline endured a

CNN KCRA, WDJT, KTVT, STRINGR, CNN By Eva Rothenberg and Pete Muntean, CNN New York (CNN) — Flight cancellations across the country continue to cause headaches for thousands of travelers, and Southwest is topping the list of most-affected airlines for the second consecutive day. But the source and scope of these disruptions are different from

By David Goldman and Clare Duffy, CNN New York (CNN) — Apple has received approval to change the way its smartwatches function so the company can overcome the Apple Watch ban imposed by a US court. The fix would eliminate a feature Apple has marketed as a way for customers to monitor their health. According

By Jordan Valinsky, CNN New York (CNN) — Champagne sales have lost some of their pop in 2023 following a few record-breaking years of sales spurred by the end of Covid-19 lockdowns. Comité Champagne, a trade association representing more than 16,000 winegrowers and 320 Champagne houses, said in a new report that total shipments last

By Pete Muntean and Ross Levitt, CNN (CNN) — Boeing says it will give airlines more oversight of its facilities following the Alaska Airlines Flight 1282 incident in which a part of the plane fell off mid-flight. The plane maker said Monday that in addition to extra quality control inspections on the 737 production line, it will allow

By Jordan Valinsky, CNN New York (CNN) — Peacock scored a touchdown Saturday for its first NFL playoff game exclusively shown on the NBCUniversal-owned streamer, registering record ratings and internet usage for the matchup in the freezing cold between the Kansas City Chiefs and Miami Dolphins. The “Peacock Exclusive Wild Card” game garnered 23 million

By Junko Ogura, Akanksha Sharma and Marc Stewart, CNN Tokyo (CNN) — A domestic flight operated by Japanese carrier All Nippon Airways (ANA) returned to its departure airport on Saturday after a crack was found in a window in the cockpit of the Boeing 737-800 plane, the airline said Monday. The crack was discovered about

By Max Foster, CNN London (CNN) — Six people were arrested Sunday over a suspected plot to disrupt the London Stock Exchange (LSE) when the market opened for trade Monday, London’s Metropolitan Police has said. Detectives began an investigation after information was passed to the Metropolitan Police by the Daily Express newspaper Friday. It was alleged that activists

By Hanna Ziady, CNN London (CNN) — Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic, official data showed Monday, increasing the risk of an economic contraction in the wider euro area. Gross domestic product was 0.3% lower in 2023 than in the previous year, according to Germany’s

By Michelle Toh, CNN Hong Kong (CNN) — Almost 40% of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend that is likely to deepen inequality, according to the International Monetary Fund. In a Sunday blog post, IMF chief Kristalina Georgieva called for governments to establish social safety

By Tami Luhby, CNN (CNN) — The five wealthiest people on Earth have become a whole lot richer in recent years. Since 2020, these billionaires’ net worth has skyrocketed 114% to a total of $869 billion, after taking inflation into account, according to Oxfam’s annual inequality report, released Sunday. If current trends continue, the world