Money

By Alicia Wallace, CNN (CNN) — Alphabet’s Google has scrapped a development deal to build $15 billion worth of homes, offices and retail space in California’s Silicon Valley. Google and Australian developer Lendlease “mutually reached” a decision to end their San Francisco Bay Project for four master-planned districts in the cities of San Jose, Sunnyvale

By Peter Valdes-Dapena, CNN New York (CNN) — Powering your car should always be easy, whether you fill it with electrons or gasoline. If it’s an electric car, you should be able to swipe a credit card, plug in the cable and your vehicle will just… charge. And it actually does work that way a

By Chris Isidore, CNN New York (CNN) — Members of the United Auto Workers union are back on the job at General Motors, Ford and Stellantis. But the union’s leadership is already planning for the next strike against the nation’s unionized automakers. And it wants the strike to be even larger next time. UAW President

By Krystal Hur and Parija Kavilanz, CNN New York (CNN) — Warren Buffett’s Berkshire Hathaway on Saturday reported a surge in third-quarter operating earnings and a record-high cash pile of $157 billion. Operating income totaled $10.8 billion, up from $7.7 billion, or a 40.6% increase from a year ago. Berkshire reported a net loss of

By Jordan Valinsky, CNN New York (CNN) — Martinis and margaritas might still be people’s drink of choice, but the spritz is bubbling to the top. A spritz, a refreshing cocktail that mixes Prosecco, club soda and a (usually Italian) liqueur like Campari or Aperol, has grown so much in popularity this year that it

By Allison Morrow, CNN New York (CNN) — It took just under a year for Sam Bankman-Fried to go from crypto wunderkind to convicted felon. No one is happier about that than the professionals in the industry that made him, for a time, a rock star. When Bankman-Fried’s crypto empire collapsed last November, it sent

By Oliver Darcy, CNN (CNN) — The White House denounced Fox News on Friday, blasting the right-wing network for “standing up on behalf of hate” after one of its hosts attacked the Jewish heritage of two CNN anchors over their coverage of the Israel-Hamas war. “Not only is Fox News aligning with those who fan

By Parija Kavilanz, CNN New York (CNN) — Live Nation Entertainment has Taylor Swift and Beyoncé to thank for propelling the live concerts organizer to its strongest quarterly results to date. The parent company of Ticketmaster, which drew the wrath of Swifties and lawmakers after botching ticket sales for the wildly successful Taylor Swift Eras

By Anna Cooban, CNN London (CNN) — The United Kingdom’s competition watchdog has wrapped up its antitrust investigations into Amazon’s and Meta’s retail platforms, saying it has secured commitments from the US tech giants that will ultimately benefit consumers. The Competition and Markets Authority (CMA) announced Friday that it had accepted voluntary pledges to “protect

By Matt Egan, CNN New York (CNN) — Multiple US banks were hit by deposit delays on Friday caused by an error at a payment processing network, according to the Federal Reserve. The Clearing House, which operates the Automated Clearing House system, which allows banks to send electronic payments to each other, experienced a processing

By Aimee Look Abu Dhabi (CNN) — Saudi Arabia’s economy has jolted into reverse, after the world’s largest crude oil exporter slashed output to prop up prices. Saudi gross domestic product, the broadest measure of its economy, shrunk 4.5% year-over-year in the third quarter of 2023, the country’s official statistics agency said this week. That’s

By Jordan Valinsky, CNN New York (CNN) — Jeff Bezos is leaving the city where it all began for him. The Amazon founder announced on Instagram that he’s relocating from Seattle, where he has lived since 1994, to Miami. He explained that his parents recently moved back to Florida, where he and his family lived

By Jordan Valinsky and Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried was found guilty Thursday following a monthlong trial that was almost as wild as the rapid rise and fall of cryptocurrency exchange FTX itself. He was found guilty of stealing billions of dollars from accounts belonging to customers of FTX. He was also found

By Anna Cooban, CNN London (CNN) — Shipping giant Maersk is laying off thousands more workers as weak demand and lower freight prices pummel its revenues — a sign the pandemic-driven boom in shipping is turning to bust. One of the world’s biggest shipping firms said in its third-quarter results Friday that its revenues had almost

By Matt Egan, CNN New York (CNN) — Maayan Cohen was on a flight from Tel Aviv to Las Vegas when she learned through a text that a terror attack was unfolding in Israel. After delivering a speech at a tech conference in Vegas, the Israeli-American CEO of health company Hello Heart hopped on a

By Laura He, Yong Xiong and Wayne Chang, CNN Hong Kong (CNN) — Young people used Halloween parades on the streets of China’s richest city this week to dress up in costumes protesting the country’s economic problems that were underscored by a record spike in borrowing costs for some banks. Thousands of revellers in Shanghai

By Alicia Wallace, CNN Minneapolis (CNN) — For several months now, the US labor market has been on a cooling trajectory, and Friday’s jobs report made that even more apparent. The US economy added 150,000 jobs last month, falling below expectations but still notching a solid month of employment growth, according to Bureau of Labor Statistics data

By Samantha Delouya and Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried, once known as a cryptocurrency whiz kid, was found guilty on Thursday for his role in the collapse of the cryptocurrency exchange FTX. If given the maximum sentence, the 31-year-old former billionaire will go to prison for the rest of his life.

By Taylor Romine, CNN (CNN) — The Culinary Workers Union Local 226 and Bartenders Union Local 165 will strike on November 10 at 5 am PT if a contract is not agreed by then, they said in a news release Thursday. Thirty-five thousand workers would strike across 18 casino resorts on the Las Vegas Strip if a five-year

By Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried was found guilty on Thursday for his role in the collapse of crypto exchange FTX. After 15 days of testimony and about four and a half hours of deliberations, jurors returned a verdict that found him guilty on seven counts of fraud and conspiracy. Bankman-Fried