CNN – Business/Consumer

By David Goldman, and Alexandra Ross, CNN New York (CNN) — Former President Donald Trump said that if he is reelected, he would not reappoint Federal Reserve Chair Jerome Powell, accusing Powell of considering rate cuts to give Democrats an advantage in the 2024 elections. “It looks to me like he’s trying to lower interest

CNN By Anna Cooban, CNN London (CNN) — Chinese stocks have had a very bad week. Despite recent attempts by Beijing to shore up confidence in the economy and stem a protracted stock market slump that has wiped out $6 trillion in value in three years, investors are still rushing for the exit. The Shanghai

CNN By Samantha Murphy Kelly, CNN (CNN) — The Vision Pro, Apple’s first new product in seven years, officially launched in stores on Friday in the US. The mixed reality headset went on sale at Apple Stores across the country as some eager shoppers were among the first to get their hands on what promises

By Elisabeth Buchwald, CNN New York (CNN) — On Wednesday, the Federal Reserve ditched a line it used in every meeting statement since three banks failed last spring, which said that the “US banking system is sound and resilient.” Coincidentally, though, more people were wondering that day if the banking system was indeed sound and

By Chris Isidore, CNN New York (CNN) — Tesla is recalling 2.2 million of its vehicles on US roads because the font size of the warning lights on its display is too small, according to federal safety regulators. The recall was announced by the National Highway Traffic Safety Administration, which said it discovered the problem

By Samantha Murphy Kelly, CNN (CNN) — The Vision Pro, Apple’s first new product in seven years, officially launched in stores on Friday in the US. The mixed reality headset went on sale at Apple Stores across the country as some eager shoppers were among the first to get their hands on what promises to

By Diksha Madhok, CNN New Delhi (CNN) — Paytm, once the hottest of India’s startups, has seen a stunning fall on the stock market since last week, extending a plunge that has wiped nearly 80% off its value since it went public in the country’s biggest IPO in 2021. Shares of the hugely popular digital

By Anna Cooban, CNN London (CNN) — Chinese stocks have had a very bad week. Despite recent attempts by Beijing to shore up confidence in the economy and stem a protracted stock market slump that has wiped out $6 trillion in value in three years, investors are still rushing for the exit. The Shanghai Composite

Analysis by Laura He and Himari Semans, CNN Hong Kong/Tokyo (CNN) — Did China just pull ahead of Japan to become the world’s top car exporter? Beijing clearly thinks so, but Tokyo isn’t quite ready to concede its long-held crown. “It is a certainty that China has become the world’s largest exporter,” the China Passenger

By Alicia Wallace, CNN New York (CNN) — The US economy added a stunning 353,000 jobs last month, according to Bureau of Labor Statistics data released Friday, registering a stronger-than-expected gain to kick off 2024 and underscoring the resilience of the US economy in an election year. The unemployment rate remained at 3.7% from the month before.

By Laura He, CNN Hong Kong (CNN) — Bao Fan, a star Chinese tech banker who disappeared a year ago amid Beijing’s anti-corruption crackdown, has formally resigned from the firm he founded, the company said. China Renaissance announced in a filing to the Hong Kong stock exchange on Friday that Bao was stepping down as

By David Goldman, CNN New York (CNN) — For the first time, an advertising company that worked on Purdue Pharma’s OxyContin account has settled a lawsuit that accused it of falsely marketing opioids as safe. Publicis, a French marketing company, agreed to pay $350 million within the next two months and will not take on

By Ramishah Maruf, CNN New York (CNN) — Tesla CEO Elon Musk has a new social media target: Diversity, Equity and Inclusion. Following Musk’s recent critical posts about DEI policies and racial discrimination lawsuits against Tesla, the electric car company has omitted all language regarding minority workers and outreach to minority communities in its 10-K

By Brian Fung, CNN Washington (CNN) — Wednesday’s emotional Senate Judiciary Committee hearing grilling tech CEOs focused on Silicon Valley’s failures to protect kids online. But it also spotlighted Congress’ own glaring — and longstanding — inability to pass any meaningful legislation to rein in tech platforms. According to more than a half-dozen front-line participants in the

By Riley Gutiérrez McDermid and Samantha Delouya, CNN (CNN) — Apple has finally ended its losing streak. The company reported its first sales growth in a year on Thursday, boosted in particular by record revenue from its App Store and other services. But it’s still encountering difficulty in China. The earnings report comes one day

By Clare Duffy, CNN New York (CNN) — Meta’s “year of efficiency” paid off in a big way. And it offered a sweetener for investors, sending its stock surging. The tech giant on Thursday reported that profit from the three months ended in December grew more than 200% year-over-year to $14 billion, exceeding Wall Street

By Catherine Thorbecke, CNN New York (CNN) — Holiday shoppers powered strong revenue growth for Amazon last quarter, the company said Thursday, the same day it launched a new AI shopping assistant. The e-commerce leader on Thursday reported revenue of $170 billion for its quarter ending in December, beating Wall Street’s estimates and growing 14%

By Jeanne Sahadi, CNN New York (CNN) — You may be among the millions of people nationwide who have cash or assets waiting to be claimed. That is the message Thursday from state treasurers across the US in honor of Unclaimed Property Day, a reminder that your current state (or former one) wants to reunite

By Samantha Delouya, CNN (CNN) — Disney is appealing a major setback earlier this week in its ongoing legal and political battle with Florida’s Republican governor Ron DeSantis. On Thursday, Disney filed a notice of appeal, challenging a Florida federal judge’s decision to throw out its case accusing DeSantis of punishing Disney for exercising its

By Jordan Valinsky, CNN New York (CNN) — Peloton shares slid more than 20% Thursday after the fitness company said it expects to report another loss in the current quarter and is trimming its full-year revenue forecast, signaling that its several years-long turnaround is spinning out. CEO Barry McCarthy wrote in a letter to investors