CNN – Business/Consumer

By Matt Egan, CNN New York (CNN) — J. Larry Jameson, the University of Pennsylvania’s newly installed interim president, called the past few weeks of turmoil a “profoundly painful chapter” for the Ivy League school. Jameson, UPenn’s longest-serving dean, was tapped Tuesday to replace Liz Magill on an interim basis after she stepped down over

By Alaa Elassar, CNN (CNN) — Haraz Coffee House in Dearborn, Michigan, is usually teeming with customers eager for a taste of its delicious Yemeni coffee – but on Monday there wasn’t a single person in sight. The popular café on Michigan Avenue was closed, as its owner and employees participated in a global strike

By Mark Thompson, CNN London (CNN) — Airbnb has agreed to pay 576 million euros ($621 million) to settle a longstanding dispute over unpaid taxes in Italy. Italian prosecutors said last month that the company owed as much as €779 million ($840 million) in short-term rental taxes that it had failed to pay on behalf

By Alicia Wallace, CNN New York (CNN) — Tumbling energy prices helped to bring US wholesale inflation down below pre-pandemic levels and to its second-lowest rate this year. The Producer Price Index, which measures the average price changes that businesses pay to suppliers, rose at a slower pace of 0.9% for the 12 months ended

By Jordan Valinsky, CNN New York (CNN) — Kid Rock is changing his tune on Bud Light. He was one of the first people to declare a boycott on Bud Light after the beer brand briefly partnered with a transgender influencer, leading to a significant and lasting sales slump. Rock told Tucker Carlson on his X

CNN By Chris Isidore, CNN New York (CNN) — Tesla is recalling nearly all 2 million of its cars on US roads to limit the use of its Autopilot feature following a two-year probe by US safety regulators of roughly 1,000 crashes in which the feature was engaged. The limitations on Autopilot serve as a

By Oliver Darcy, CNN New York (CNN) — The future is now. The New York Times on Tuesday announced the creation of a new newsroom position: editorial director of artificial intelligence initiatives. For the pioneering role, The NYT tapped Zach Seward, founding editor of the technology-focused outlet Quartz. Seward, The NYT said, will work to

By Chris Isidore, CNN New York (CNN) — Tesla is recalling nearly all 2 million of its cars on US roads to limit the use of its Autopilot feature following a two-year probe by US safety regulators of roughly 1,000 crashes in which the feature was engaged. The limitations on Autopilot serve as a blow

By Juliana Liu, CNN Hong Kong (CNN) — Video-sharing platform TikTok has become the first app that isn’t a mobile game to generate $10 billion in global consumer spending, according to a new report, and is expected to become the highest earning app ever. The other four apps identified by app intelligence provider data.ai as having

By Ramishah Maruf, CNN New York (CNN) — Amazon, Target and Walmart have voluntarily stopped selling water beads marketed for children after government officials, lawmakers and public health professionals called for a ban on the toys. Water beads are tiny balls made out of extremely absorbent polymer material. When exposed to liquid, they can expand

By Krystal Hur, CNN New York (CNN) — Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday. The stark move changes the official conversion rate to 800 pesos per dollar from 365 pesos and comes just

By Sergio Padilla, CNN New York (CNN) — The Electronic Entertainment Expo, known by video game enthusiasts as E3, is no more. The live trade show for video game publishers and hardware developers was once the most anticipated event in gaming but would suffer from a lack of interest from both the public and industry

By Jennifer Korn, CNN New York, NY (CNN) — A new $10 billion mega chip-making complex is coming to New York state. Governor Kathy Hochul announced New York’s efforts to build a High NA Extreme Ultraviolet (EUV) Lithography research and development center. In a statement Monday, she said the state will invest $1 billion and

By Ramishah Maruf, CNN New York (CNN) — In a major step in transparency, Netflix for the first time released on Tuesday a report of what people watched on the streaming service during a six-month period. The report, titled “What We Watched: A Netflix Engagement Report,” is set to be published twice a year, going

By Clare Duffy, CNN New York (CNN) — The New Mexico Attorney General’s office has accused Meta of shutting down the accounts it used to investigate alleged child sexual abuse on Facebook and Instagram, according to a motion it filed Tuesday in the lawsuit it brought against the tech giant last week. The Attorney General

By Brian Fung, CNN (CNN) — Fresh off his company’s monumental court victory over Google, Epic Games CEO Tim Sweeney says he has a theory for why a federal jury determined Google was running an illegal monopoly with its app store: The company left too much of a paper trail to ignore. “Google executives wrote

By Matt Egan, CNN New York (CNN) — The University of Pennsylvania’s board of trustees is tapping J. Larry Jameson, its longest serving dean, to become the school’s interim president, replacing Liz Magill, following her resignation last weekend. Jameson is dean of UPenn’s medical school and will take the helm of the Ivy League institution

By Alicia Wallace, CNN New York (CNN) — For the first time since early last year, food prices aren’t rising faster than overall inflation — although dining out remains a pricey endeavor. The latest Consumer Price Index released Tuesday showed that food prices increased 2.9% for the year ended in November, coming in below the

By Nathaniel Meyersohn, CNN New York (CNN) — Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group of investors reportedly wants to take Macy’s private at a vulnerable moment for the famed company. Arkhouse Management, a real estate investment firm, and Brigade Capital Management, a global