CNN – Business/Consumer

By Oliver Darcy, CNN (CNN) — The Los Angeles Times on Tuesday, facing what senior leadership described this week as a “financial crisis,” commenced a round of painful layoffs across the newsroom, a workforce reduction that is set to be one of the most severe in the newspaper’s 142-year history. The cuts will impact at

By Jeanne Sahadi, CNN New York (CNN) — The crisis that has enveloped clothing company Kyte Baby this week might not have happened if the United States had a national paid parental leave policy in place. Company founder and CEO Ying Liu was forced to offer two public apologies after making, in her words, a

By Anna Cooban, CNN London (CNN) — A French regulator has fined the local operator of Amazon’s warehouses €32 million ($35 million) for using an “excessively intrusive” surveillance system to track the activities of its workers. The French Data Protection Authority, or the CNIL, said in a statement Tuesday that Amazon France Logistique gave warehouse

By Jordan Valinsky, CNN New York (CNN) — Dwayne “The Rock” Johnson is trading in his muscle shirts for business suits: He’s joining the board of directors for TKO Group Holdings, the company consisting of the recently merged WWE and UFC. The company also announced Tuesday that it is partnering with Netflix, which next year

By Jordan Valinsky, CNN New York (CNN) — Police responding to a retail theft call in a California city discovered what is likely the most 2024 thing ever: A Sacramento woman allegedly stole about five dozen Stanley cups valued at a whopping $2,500. Last Wednesday, Roseville Police officers responded to a report of a theft

By Mark Morales, CNN (CNN) — Venmo, Cash App, PayPal, Zelle and other payment apps may be convenient ways to send cash with a few taps of your smartphone, but they’re a breeding grounds for theft, Manhattan District Attorney Alvin Bragg tells CNN. Culprits range from savvy swindlers, who trick their way into victims’ locked

By Chris Isidore, CNN New York (CNN) — United Airlines, one of the biggest buyers of Boeing jets, is losing patience with the troubled aircraft maker. “I’m disappointed that… this keeps happening at Boeing. This isn’t new,” said Scott Kirby, CEO of United, in an interview Tuesday on CNBC. “We need Boeing to succeed. But

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. The Los Angeles Times is in disarray. The Dr. Patrick Soon-Shiong-owned newspaper, which houses the largest newsroom in the western U.S., has

By Alicia Wallace and Tami Luhby, CNN New York (CNN) — New Hampshire, the “first-in-the-nation” primary state (which will hold those elections Tuesday), has been a relatively “better-off” state than most others nationally. Unemployment is low, economic growth is strong, but that doesn’t mean life in the Granite State is without its bumps. Here’s a

By Samantha Delouya, CNN Los Angeles (CNN) — Netflix appears to be in a dominant position in Hollywood’s battle for eyeballs and ad dollars. So far, Netflix remains one of the only profitable major streaming services, and investors seem to feel good about the company’s prospects: Netflix’s stock is up 36% compared to one year

By Melissa Alonzo (CNN) — Faculty members at California State University (CSU), the largest public university system in America, have ended their one-day strike after reaching a tentative agreement with management. The agreement, which must be ratified by the California Faculty Association (CFA), includes a 5% raise for all faculty effective July 1, 2023 and another

By Michelle Toh, CNN Hong Kong (CNN) — Riot Games, the developer of hit video games like “League of Legends” and “Valorant,” is cutting 11% of staff around the world, becoming the latest tech company to downsize. The Los Angeles-based company, which is owned by Chinese tech giant Tencent, announced the news Monday, calling the

By Jessie Yeung and Hilary Whiteman, CNN Brisbane, Australia (CNN) — Australia has publicly named and imposed cyber sanctions on a Russian national for his alleged role in a 2022 ransomware attack, in the country’s first use of the penalty. The attack stole sensitive personal data from 9.7 million customers of Medibank, one of Australia’s

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive advertising and banned the company from advertising its services for free unless it is free for all customers. By running ads for “free” tax services

By Matt Egan, CNN (CNN) — The Dana-Farber Cancer Institute, a prestigious Harvard teaching school, is moving to retract six studies and correct 31 others following allegations of data manipulation. The steps by the Harvard Medical School affiliate come after a molecular biologist published a blog post earlier this month alleging researchers falsified data by manipulating images.

By Ramishah Maruf and Jennifer Korn, CNN New York (CNN) — Apple’s major iPhone security update is now available to download, designed to keep thieves from accessing users’ vast personal data stored on the devices, the company announced Monday. The “Stolen Device Protection” update adds an extra layer of protection by creating additional steps to

By Krystal Hur, CNN New York (CNN) — Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever. The Dow rose 138 points, or 0.4%, ending the day at 38,001.81. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%. The S&P

By Brian Fung, CNN Washington (CNN) — Social media companies should be treated as utilities such as telephone or telegraph companies, a group of states led by Republican attorneys general told the US Supreme Court on Monday. In a friend-of-the-court brief, 19 states and the state legislature of Arizona wrote that the Supreme Court should

By Elisabeth Buchwald, CNN New York (CNN) — If the economy were to undergo an annual physical, Richmond Federal Reserve President Tom Barkin would rate it “reasonably healthy.” That’s because, undeterred by the highest interest rates in 23 years, consumers are still spending and jobs are plentiful, though the pace of both hiring and spending

By Samantha Delouya, CNN Los Angeles (CNN) — Thousands of faculty members at California State University, the largest university system in the US, walked off the job on Monday, the first day of spring semester classes for much for the university system’s 450,000 students. The striking staff are part of the California Faculty Association union,