CNN – Business/Consumer

By Nathaniel Meyersohn, CNN New York (CNN) — Starbucks chief executive Laxman Narasimhan on Tuesday said people protesting the company and disrupting its stores over the Israel-Hamas war were being misled by false information spread online about the company’s positions. “We see protestors influenced by misrepresentation on social media of what we stand for,” Narasimhan

By Aya Elamroussi, CNN (CNN) — The Powerball jackpot soared to an estimated $620 million ahead of the next drawing on Saturday night, when players will vie for the ultimate holiday gift. The grand prize climbed after Wednesday night’s drawing turned no grand prize winners. The winning numbers for Wednesday drawing were 27, 35, 41,

By Oliver Darcy, David Goldman, Liam Reilly and Jon Passantino, CNN (CNN) — Warner Bros. Discovery Chief Executive David Zaslav met on Tuesday with Paramount Global Chief Executive Bob Bakish, and they broached a potential merger between the two companies, two people familiar with the matter told CNN. A potential merger of the two media

By Peter Valdes-Dapena, CNN (CNN) — Toyota is recalling about 1 million cars and SUVs in the United States due to a possible defect that could cause the passenger airbag to fail to deploy in a crash. The recall involves 15 different 2020 and 2021 model year Toyota and Lexus models including the Toyota Camry,

By Samantha Delouya, CNN (CNN) — Job openings surged and the Great Resignation was in full swing in 2022 as the labor market slowly rebounded from the shocks caused by the pandemic. But new government data illustrates just how strong the record-breaking job market really was. The annual jobless rate for 2022 – known as

By David Goldman, CNN Washington (CNN) — What. Just. Happened? The S&P 500, the broadest measure of the stock market, tumbled Wednesday afternoon, starting just after 2 pm ET. It was on pace to hit a record — its first in nearly two years. Then, the bottom fell out. Within minutes, the index was down

By Peter Valdes-Dapena, CNN New York (CNN) — Bird, a company that operates scooter- and bicycle-sharing operations globally, filed for bankruptcy Wednesday, with the aim to sell its United States operations. The Chapter 11 filing will allow Bird, which describes itself as “the largest micromobility operator in North America,” to restructure while the company works

By Jennifer Korn, CNN (CNN) — With Christmas just days away, shoppers have a shrinking window to get holiday shopping done and shipping started. A wide range of unanticipated problems might delay shipping around the holidays: surging delivery volume, inclement weather, out of stock items and ground shipping risks. “At this point I don’t typically

By Em Steck, CNN (CNN) — Harvard President Claudine Gay recently requested corrections for two of her academic papers, but she did not address even clearer examples of plagiarism from earlier in her academic history at the school, according to a CNN analysis of her writings. In response to accusations of plagiarism, the embattled Harvard president recently submitted corrections to two papers

CNN By Jennifer Korn, CNN (CNN) — Tinder is now offering users a highly exclusive $499 monthly subscription option, but only if they receive a coveted invitation and get through the application process. Tinder SELECT offers users perks beyond those granted to the average swiper. Paying nearly $6,000 a year gives users the chance to

By Jennifer Korn, CNN (CNN) — Tinder is now offering users a highly exclusive $499 monthly subscription option, but only if they receive a coveted invitation and get through the application process. Tinder SELECT offers users perks beyond those granted to the average swiper. Paying nearly $6,000 a year gives users the chance to see

By Catherine Thorbecke, CNN New York (CNN) — Ikea says it is expecting delays and possible availability constraints for certain products as a result of the ongoing attacks on ships in the Red Sea by Houthi rebels. “The situation in the Suez Canal will result in delays and may cause availability constraints for certain IKEA

By Peter Valdes-Dapena, CNN (CNN) — For years, it seemed like electric cars were the hot new thing, and hybrid cars were just a boring half-step. Hybrid sales barely grew while EV sales took off. Suddenly, lots of car shoppers have realized that a half-step is exactly what they want. Hybrid car sales are surging

By Laura He, CNN Hong Kong (CNN) — Chinese tech giant ByteDance says it is using OpenAI’s technology “to a very limited extent” to help develop its own AI models. The admission comes after the San Francisco-firm said it had suspended ByteDance’s account over questions about how its GPT data was being used. A ByteDance

By Jordan Valinsky, CNN New York (CNN) — SiriusXM is the target of a lawsuit from the New York attorney general’s office accusing the satellite radio company of trapping customers in subscriptions and finding ways to prevent them from cancelling. On Wednesday, New York AG Letitia James announced she’s suing SiriusXM after an investigation discovered

By Alicia Wallace, CNN New York (CNN) — A strong job market and a sturdy business climate have left Americans feeling quite jolly this December. US consumer confidence improved for the third consecutive month, leaping to its highest level since July, while recession worries abated, according to new data released Wednesday by the Conference Board.

By Hanna Ziady, CNN London (CNN) — A descendant of Europe’s richest family has reportedly begun a process to adopt his middle-aged former gardener, planning to leave him at least half of his roughly €12 billion ($13 billion) fortune. Nicolas Puech, 80, a fifth-generation descendant of the founder of French luxury goods company Hermès, wants

By Oliver Darcy, CNN New York (CNN) — 2023 was a year of titanic change in the industry. The media and technology sectors were upended by disruptive forces, testing the leadership of some of the world’s most powerful executives. At the same time, that disruption also produced some new leaders who were catapulted into positions

By Anna Cooban, CNN London (CNN) — The European Union is wielding its sweeping new rules for big online platforms in order to crack down on pornography sites Pornhub, Stripchat and XVideos. The European Commission, the bloc’s executive body, announced Wednesday that it had added the sites to its list of “very large online platforms”

By Nicole Goodkind, CNN New York (CNN) — Dealmaking is the bread and butter of Wall Street — but by some accounts this has been the worst year for mergers and acquisitions in about a decade. Initial public offerings have also suffered along the way, with very few companies making their stock market debuts. In