Money

By Sean Lyngaas, CNN (CNN) — CDK Global, a software firm serving car dealerships across the US that was roiled by a cyberattack last month, appears to have paid a $25 million ransom to the hackers, multiple sources familiar with the matter told CNN. The company has declined to discuss the matter. Pinpointing exactly who

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar General will improve safety protocols in stores and pay $12 million in penalties in a sweeping settlement with the Department of Labor over the discount chain’s long history of putting low-wage employees in dangerous working conditions. Dozens of Dollar General workers and customers have been killed

By Hadas Gold, CNN (CNN) — A Milwaukee radio station agreed to make two edits to an interview it recorded with President Joe Biden earlier this month at the request of his campaign, the station’s owner, Civic Media, said Thursday. The July 3 interview with WAUK-AM host Earl Ingram was one of Biden’s first media engagements following his poor performance at the June

By Hadas Gold, CNN (CNN) — For weeks, the White House press corps has been boiling – and not from the Washington, DC, heat. They’re frustrated. Some feel the White House misled the press before President Joe Biden’s stumbling performance at last month’s CNN presidential debate. Others have been exasperated by the White House’s response since

By Elisabeth Buchwald, CNN New York (CNN) — Value is the new buzzword at fast-food chains nationwide. After rising prices turned customers off, the restaurants recently responded by unveiling value menus. For instance, McDonald’s has a $5 value meal, which includes a McDouble cheeseburger or a McChicken sandwich, plus small french fries, 4-piece chicken nuggets and

By Hanna Ziady and Nadine Schmidt, CNN London/Berlin (CNN) — Germany will phase out components made by China’s Huawei and ZTE from its 5G wireless network over the next five years, a move that risks worsening its already strained relations with the world’s second-largest economy. Mobile network operators including Vodafone, Deutsche Telekom and Telefonica have

CNN By Alicia Wallace, CNN (CNN) — Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the

By Nathaniel Meyersohn, CNN New York (CNN) — As recently as February, Tractor Supply Co., known for selling animal feed, pet food and lawn and garden equipment to hobby farmers, told investors that climate change was a significant threat to its business. Any delay or failure to meet its goals of cutting emissions 50% in

CNN, @JULIAROBERTS, INSTAGRAM, POOL, GETTY IMAGES, WABC, KEYA MORGAN, LINCOLNIMAGES.COM, X, @MISSBEAE, @JULIAROBERTS/INSTAGRAM, Keya Morgan/Lincolnimages.com, X/@MissBeaE 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. Joe Biden is losing a particularly influential corner

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. Joe Biden is losing a particularly influential corner of support: Hollywood. On Wednesday, George Clooney became the latest — and perhaps most notable — member of

By Alicia Wallace, CNN (CNN) — Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the annual

By Hanna Ziady, CNN London (CNN) — Apple has yielded to pressure by European regulators to give rivals access to the contactless payments technology on iPhones, meaning that their users will no longer be limited to the Apple Pay mobile wallet. The development on the tap-to-pay technology underscores mounting regulatory scrutiny of Apple (AAPL) in

By Jordan Valinsky, CNN New York (CNN) — Huma Abedin, former aide to former Secretary of State Hillary Clinton, is engaged to Alex Soros, son of billionaire liberal donor George Soros. The duo revealed the news Wednesday on Instagram, writing: “This happened…we couldn’t be happier, more grateful, or more in love.” Soros proposed to Abedin

By Sam Fossum and Peter Valdes-Dapena, CNN (CNN) — The White House on Thursday said it would hand out $1.7 billion to help convert closed-down or at-risk auto manufacturing and assembly facilities to make electric and hybrid vehicles. The funding comes as growth in new electric vehicle sales has slowed, even as the Biden administration

By Ramishah Maruf, CNN New York (CNN) — MOD Pizza, the fast-casual chain where diners can customize individual pizza pies, announced a new owner Wednesday in a move that could prevent or delay a bankruptcy filing. Elite Restaurant Group has acquired MOD, though terms of the deal were not disclosed and little information about the

By Samantha Delouya and Allison Morrow, CNN (CNN) — Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse of his investment firm wiped billions of dollars off financial markets and nearly brought down Wall Street. The jury delivered a speedy conviction, finding

By Elisabeth Buchwald, CNN New York (CNN) — It’s soon going to cost more money to get your foot in the door at Costco. But the good news is your hot dog is still $1.50 — for now at least. The retailer is raising membership fees by $5 to $65 a year in the US

By Hadas Gold, CNN (CNN) — President Joe Biden will sit down with NBC Nightly News anchor Lester Holt for an interview that will tape and air next Monday, the network announced. The interview will take place in Austin, Texas and will air unedited in its entirety as part of a primetime special and on NBC’s

Reuters (CNN) — Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District Judge Trina Thompson in San Francisco ruled on Tuesday that the federal Employee Retirement