Money

CNN By Anna Cooban, CNN London (CNN) — Finance officials from the world’s biggest economies began talks this week on introducing a global minimum tax on billionaires. The representatives of the G20 countries discussed the proposal at a summit in São Paulo, Brazil, two years after a landmark agreement showed the world could act together

By Anna Cooban, CNN London (CNN) — Finance officials from the world’s biggest economies began talks this week on introducing a global minimum tax on billionaires. The representatives of the G20 countries discussed the proposal at a summit in São Paulo, Brazil, two years after a landmark agreement showed the world could act together in

By Chris Isidore, CNN New York (CNN) — Boeing has agreed to pay $51 million for violating exports controls of military technology, including employees in China downloading sensitive data from numerous defense aircraft and missiles. The complaint charges that three Boeing employees in China downloaded data 25 times between 2013 and 2017 related to three

By Peter Valdes-Dapena, CNN New York (CNN) — Fisker, the electric vehicle company founded by auto designer Henrik Fisker, announced in its fourth quarter earnings Thursday that it might not have enough money to survive another year. The company announced there was “substantial doubt about Fisker’s ability to continue as a going concern.” In order

By Jordan Valinsky, CNN New York (CNN) — Chick-fil-A is telling customers to “please discard” Polynesian sauce dipping cups that were ordered over the past few weeks. “The Polynesian Sauce dipping cups may contain a different sauce that includes wheat and soy allergens,” Chick-fil-A said in a short note on its website. The cups were

By Parija Kavilanz, CNN New York (CNN) — Stanley has a problem. Whenever one of its new tumblers hits the the market, online and in store, mayhem tends to ensue. It’s because the Stanley tumbler is arguably one of the most viral products of the moment. While the brand is enjoying unprecedented popularity of its

By Tami Luhby, CNN (CNN) — Large employers did not make many changes to their abortion coverage after the Supreme Court’s 2022 decision that allowed states to ban or severely restrict abortion, according to a new analysis from KFF. Some 12% of large firms whose biggest plan covers abortion under most or all circumstances added

By Anna Bahney, CNN Washington, DC (CNN) — Many millennials are currently grasping in frustration at long-held American Dreams like homeownership, a steady job and an affordable cost of living. However, over the next twenty years, Millennials are poised to inherit some $90 trillion of assets and become the richest generation in history – but

By Jack Bantock, CNN London (CNN) — A London-based technology company is looking to “democratize” talent-identification and scouting in soccer using a mobile app. Free to download and available globally, the aiScout app allows aspiring soccer stars to enter virtual trials for professional clubs by uploading self-recorded footage of themselves completing a series of drills.

By David Goldman and Brian Fung, CNN (CNN) — Elon Musk is suing OpenAI and its CEO Sam Altman, saying the company behind ChatGPT has diverged from its original, nonprofit mission by partnering with Microsoft for $13 billion and keeping its code for its newest generative AI products a secret. Musk, who co-founded OpenAI in

By Kara Scannell, Lauren del Valle and Jeanne Sahadi, CNN New York (CNN) — Donald Trump is facing a cash crunch as deadlines are quickly approaching to find over half a billion dollars he owes in judgments. On Wednesday, a New York appeals court judge refused to give the former president additional time to satisfy

By Laura He, CNN Hong Kong (CNN) — China’s vast manufacturing industry sent mixed signals last month about the health of the economy, fueling calls for Beijing to do more to boost growth just days before a key meeting of the country’s leaders. The National Bureau of Statistics reported Friday that the official Purchasing Managers’

By Oliver Darcy, CNN (CNN) — A federal judge on Thursday held veteran journalist Catherine Herridge in contempt of court, fining her $800 a day for refusing to divulge her sources for a series of stories published in 2017 while she was a correspondent at Fox News. Herridge, who has aggressively fought the case, is

By Ramishah Maruf, CNN New York (CNN) — It’s not a good time to be selling PCs — Dell has been grappling with sinking demand for the past few years. But its stock still shot up 20% in after-hours trading after the company excited investors about the tech industry’s favorite buzzwords: artificial intelligence. Dell revenue declined

By Elisabeth Buchwald, CNN New York (CNN) — Shares of New York Community Bank (NYCB) fell by as much as 20% in after-hours trading on Thursday after the beleaguered regional lender said in a filing it had identified “material weakness” in the company’s controls. The issues caused a $2.4 billion loss to shareholders last quarter,

By Brian Fung, CNN (CNN) — A high-profile lawsuit filed by Elon Musk’s X targeting hate speech researchers appeared to stumble on Thursday as a federal judge sounded a skeptical note on many of the lawsuit’s allegations, suggesting that the company formerly known as Twitter hasn’t done enough to establish its claims. The judge in

By Nicole Goodkind, CNN New York (CNN) — The tech-heavy Nasdaq composite index and S&P 500 broke records Thursday afternoon. The Nasdaq closed at a new high of 16,091.92, about 35 points above its last closing high of 16,057.44, reached in November 2021, in the post-Covid economic boom before the Federal Reserve began raising rates.

CNN By Nicole Goodkind, CNN New York (CNN) — The tech-heavy Nasdaq composite index and S&P 500 broke records Thursday afternoon. The Nasdaq closed at a new high of 16,091.92, about 35 points above its last closing high of 16,057.44, reached in November 2021 before the Federal Reserve began raising rates. The S&P 500, meanwhile,

By Matt Egan, Elisabeth Buchwald and Samantha Delouya, CNN New York (CNN) — Jewish students at major universities told lawmakers on Thursday they feel unsafe on campus amid a surge in antisemitism. At a roundtable hosted by the House Education and Workforce Committee, students from Columbia University, the Massachusetts Institute of Technology and other schools