CNN – Business/Consumer

By Diksha Madhok and Juliana Liu, CNN (CNN) — Alibaba has reshuffled its top ranks after the stellar performance of a competitor caused a stir at the tech giant. Eddie Wu, Alibaba Group CEO, will now also head the firm’s e-commerce business, replacing Trudy Dai, who has been with the company for over two decades,

By Samantha Delouya, CNN (CNN) — After three years of negotiating, Southwest Airlines and the union representing the airline’s pilots reached a tentative agreement on a new contract on Wednesday. “We know that the last few years have been difficult for our pilots as well as our customers, but we believe that this TA rewards

By Catherine Thorbecke, CNN New York (CNN) — OpenAI has laid out plans to prevent any worst-case scenarios that could arise out of the powerful artificial intelligence technology that it is developing. The company behind the mega-viral chatbot ChatGPT this week unveiled a 27-page “Preparedness Framework” document that outlines how it is working to track,

By Jennifer Korn, CNN (CNN) — The controversial social media platform Parler says it’s planning a comeback after shuttering in April following a string of controversies related to hate speech rules and illicit content. Parler is relaunching in the first quarter of 2024 to “return to its roots as a robust marketplace of ideas,” according

By Elisabeth Buchwald, CNN New York (CNN) — On Wall Street, interest rate cuts have recently become less a question of if, but rather, when. The shift came last week after all but two of 19 Federal Reserve officials predicted the central bank would cut interest rates at least once in the coming year, according

By Jeanne Sahadi, CNN New York (CNN) — The Internal Revenue Service on Tuesday announced it will resume mailing automated reminders of past due taxes to those who owe back taxes, something it had suspended doing in February 2022 due to pandemic-era backlogs. But it also said it will offer failure-to-pay penalty relief to 4.7

By Matt Egan, CNN New York (CNN) — As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is

By Matt Egan and Chris Isidore, CNN New York (CNN) — Bipartisan opposition is growing to the proposed $14.1 billion acquisition of US Steel by Japan’s largest steelmaker, but that is unlikely to be enough to block the purchase, according to an expert in foreign investment deals. A trio of Republican senators Tuesday called for

By Brian Fung, CNN Washington (CNN) — Businesses could face steep penalties for using deepfakes or other artificial intelligence tools to illegally manipulate markets or to engage in securities fraud, under new legislation proposed Tuesday by a bipartisan pair of senators. The bill by Virginia Democratic Sen. Mark Warner and Louisiana Republican Sen. John Kennedy represents a

By Lauren Mascarenhas, CNN (CNN) — When the next Powerball numbers are drawn Wednesday evening, a lucky lottery player somewhere in the country could head into the holidays with a $572 million jackpot. When no tickets matched the numbers for the $543 million prize in Monday night’s drawing, the jackpot continued to swell, according to the multistate

By Tori Morales, CNN (CNN) — Next to those stockings hung by the chimney with care, it appears more likely than ever that the trimmed tree will be, well, faux. The holiday tradition of setting up a Christmas tree has endured centuries. But this year, 77% of Americans displaying a Christmas tree say they’ll opt for

CNN By Tori Morales, CNN (CNN) — Next to those stockings hung by the chimney with care, it appears more likely than ever that the trimmed tree will be, well, faux. The holiday tradition of setting up a Christmas tree has endured centuries. But this year, 77% of Americans displaying a Christmas tree say they’ll opt

By Peter Valdes-Dapena, CNN (CNN) — Most cars in America have, at most, three colors of lights on the outside. There’s white for headlights and reverse lights, red for brake lights and rear lights and, in some cars, amber for turn signals. Mercedes-Benz has just received approval to add a fourth color: turquoise blue lights

By Oliver Darcy, CNN New York (CNN) — It’s been a hell of a year. 2023 is quickly drawing to a close, and we have but one more issue of the newsletter until heading off into the new year. But before we fully put 2023 in the rearview mirror, we wanted to take the opportunity

By Anna Bahney, CNN Washington, DC (CNN) — The annual pace of new home construction surged last month amid a historic shortage of housing inventory and falling mortgage rates. Housing starts jumped by 14.8% in November compared to the previous month, rising for the third month in a row, according to data released Tuesday by the Census Bureau.

By Samantha Murphy Kelly, CNN New York (CNN) — It will soon become a lot harder to find the latest Apple Watch models in the United States. Apple said Monday it will stop selling some versions of its bestselling smartwatch starting later this week to get ahead of what could be one of the most

By Samantha Delouya, CNN (CNN) — US Steel was once the pride and joy of the United States and the most valuable company in the entire world. The 122-year-old company has agreed to be bought by Japanese firm Nippon Steel in a $14.1 billion dea. But this isn’t the first instance of an international company

By Clare Duffy, CNN New York (CNN) — Facebook-parent Meta’s automated tools to police potentially harmful content unnecessarily removed two videos related to the Israel-Hamas war, the Meta Oversight Board said in a statement Tuesday. The moderation technology may have prevented users from viewing content related to human suffering on both sides of the conflict,

By Elisabeth Buchwald and David Goldman, CNN New York (CNN) — For the past couple years, all the smart money was on a US recession taking place sometime before the next presidential election. To be clear: That absolutely could still happen. In the world of economics, nothing is certain. But it’s looking extremely unlikely that