CNN – Business/Consumer

By Michelle Toh, CNN Hong Kong (CNN) — TSMC says its second factory in Arizona will be delayed, marking another setback for the world’s largest chipmaker and its role in US President Joe Biden’s bid to boost American manufacturing. The facility will now be operational in 2027 or 2028, compared to previous expectations of a

By Oliver Darcy, CNN (CNN) — Staffers at the Los Angeles Times will stage a one-day walkout on Friday after the newspaper’s management indicated that it expects to soon lay off employees as it struggles financially. The act of protest will be the first such work stoppage in the outlet’s 143-year history, said the Guild,

By Oliver Darcy, CNN (CNN) — Casey Newton won’t compromise on Nazis. In a world in which it can be difficult to read the moral compass of some legacy news organizations, the renowned technology journalist and founder of the independent digital news outlet Platformer has taken decisive action to ensure his media company lives up to its own stated

By Bryan Mena, CNN Washington, DC (CNN) — Americans are living through one of the toughest housing markets in recent memory. It’s even tougher for young people who need to save up for a down payment, build up their credit score and jump through various other hoops before owning a home. Home prices are rising

By Parija Kavilanz, CNN New York (CNN) — Walmarts are huge. Thousands of square feet, thousands of products, thousands of shoppers. Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year. Walmart said Thursday it is boosting

By Nathaniel Meyersohn, CNN New York (CNN) — Veteran department-store chain Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business for the online-shopping era. “As we prepare to deploy a new strategy to meet the needs of an

By Samantha Murphy Kelly, CNN (CNN) — Meta is getting more serious about securing its place in the growing AI arms race. CEO Mark Zuckerberg announced on Thursday that Meta plans to build its own artificial general intelligence, known as AGI, which is artificial intelligence that meets or surpasses human intelligence in almost all areas.

By Ramishah Maruf, CNN New York (CNN) — What started as an April Fool’s Day joke ended up as a real-life product popular enough to sell out in a day. On Wednesday, Burt’s Bees and Hidden Valley Ranch announced an unusual collaboration — a set of lip balms that taste like a basket of chicken

CNN, WBNS, NISSAN, GENERAL MOTORS, RECURRENT AUTO By Peter Valdes-Dapena, CNN (CNN) — Hertz recently announced it was selling 20,000 electric cars out of its fleet, and replacing them with gasoline vehicles. One reason the company gave was that drivers kept crashing the cars. Hertz CEO Stephen Scherr noted that the costs of repairs of

By Parija Kavilanz, CNN New York (CNN) — Birkenstock sandals might be as pricey as ever, and the folksy footwear are as popular with shoppers as ever, too. But despite all that, the company says it still expects smaller profits in the next year. The German shoemaker, which became a publicly-traded company in October, reported

By Samantha Murphy Kelly, CNN (CNN) — Google announced on Thursday two new AI tools that it says will make searching for things online “radically more helpful.” Mobile users accessing Google on some Android phones will soon be able to circle or highlight items that appear on their smartphone screens to populate more information, and

By Nathaniel Meyersohn, CNN New York (CNN) — The clunky old cable box doesn’t make sense anymore. Big, ugly, and heavy, they seem to have about as much place working with a modern TV as a DVD player. Cable companies are trying to catch up with the times, though, and now want you to replace

By Brian Fung, CNN (CNN) — Google CEO Sundar Pichai warned employees to expect additional layoffs in the months to come as the tech giant reorients itself toward artificial intelligence “and beyond.” In a companywide memo obtained by CNN, Pichai said Wednesday that the job cuts — which have already affected hundreds of Google employees in the

By Anna Bahney, CNN Washington, DC (CNN) — After moving higher the past two weeks, mortgage rates fell this week, dropping to the their lowest level since May 2023. The 30-year fixed-rate mortgage averaged 6.60% in the week ending January 18, down from 6.66% the previous week, according to data from Freddie Mac released Thursday. A year

By Chris Isidore, CNN New York (CNN) — Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed sale to JetBlue Airways, according to a note from an airline analyst. Unlike many airline bankruptcies, in which the airline in bankruptcy court either

By Alicia Wallace, CNN New York (CNN) — The number of Americans making first-time claims for jobless benefits dropped last week to a level not seen since the fall of 2022, while CEO exits set a new high last year, according to fresh economic data released Thursday. There were an estimated 187,000 initial claims for

By Jordan Valinsky, CNN New York (CNN) — Coca Cola-owned BodyArmor is unleashing its newest beverage as part of its years-long effort to overthrow Pepsi’s Gatorade from its position as the top-selling sports drink brand. Rolling out to retailers this month is BodyArmor Zero Sugar, a sugar-free version of its popular flavored sports drink, taking

By Anna Bahney, CNN Washington, DC (CNN) — The annual pace of new home construction pulled back last month after soaring in November, despite a historic shortage of housing inventory and falling mortgage rates. Housing starts came down by 4.3% in December compared to the previous month, according to data released Thursday by the Census

By Jordan Valinsky, CNN New York (CNN) — 3M has started sending payments as part of its previously announced $6 billion settlement to resolve almost 300,000 lawsuits alleging that the manufacturing company supplied faulty combat earplugs to the military that resulted in significant injuries, such as hearing loss. Earlier this week, the company announced that

By Hanna Ziady, CNN London (CNN) — Human beings will continue to decide “what should happen in the world” regardless of the rise of artificial intelligence, OpenAI’s Sam Altmann said Thursday at the World Economic Forum in Switzerland. The CEO of the company behind ChatGPT said AI was “good at some things but not good