CNN – Business/Consumer

By Elisabeth Buchwald, CNN New York (CNN) — After encountering rapid price increases for more than two years, discounts at some stores would certainly feel like a much-needed respite. But business leaders, economists and investment moguls aren’t so gung-ho about it. Tech investor Cathie Wood, founder of ARK Investment Management, told The Wall Street Journal

By Samantha Murphy Kelly, CNN (CNN) — OpenAI, the company behind the viral chatbot ChatGPT, fired its CEO and founder, Sam Altman, on Friday. His stunning departure sent shockwaves through the budding AI industry. The company, in a statement, said an internal investigation found that Altman was not always truthful with the board. “Mr. Altman’s

By Brian Fung, Clare Duffy and Samantha Delouya, CNN (CNN) — A torrent of prominent brands halted their advertising on X on Friday, dealing a massive reputational blow to Elon Musk’s social media company after his public embrace this week of an antisemitic conspiracy theory favored by White supremacists. The high-profile advertiser revolt includes some

By Catherine Thorbecke, CNN New York (CNN) — Amazon is once again doubling down on its return-to-office mandate, warning staff that not complying could impact their chances of being promoted. Employees who don’t regularly work in an office at least three days a week will find that any potential promotion will be subject to an

By Matt Egan, CNN New York (CNN) — The last time it was this cheap to travel by car for Thanksgiving, almost no one was on the roads. Just in time for the Thanksgiving holiday travel rush, gas prices are tumbling fast. The national average price of regular gasoline is down by 55 cents a

By Anna Cooban, CNN London (CNN) — Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value. China’s largest privately owned carmaker said it had taken the decision to sell 100 million Volvo

By Amy Woodyatt, CNN (CNN) — Sometimes when you’re working from home, you run out of time to clean up before that online meeting. But the folks at Microsoft have done their best to ensure your reputation for tidiness is safe. The tech company announced a new “decorate your room” feature for Microsoft Teams at

By Brian Fung, CNN (CNN) — A federal judge said Thursday he would not intervene in a dispute between X owner Elon Musk and the Federal Trade Commission in an ongoing agency investigation of the social media giant that has triggered intense public scrutiny. The decision means Musk may be forced to cooperate with federal

Analysis by Nathaniel Meyersohn, CNN New York (CNN) — “Shoplifting in Great Department Stores.” “The Shoplifting Profession.” “No Mercy to Shoplifters.” These headlines could be from articles today. But they’re from the early 1900s. While shoplifting has seemingly never been a bigger problem than it is now, shoplifting has long captured the public’s attention. Anxiety

By Clare Duffy, CNN New York (CNN) — Nonprofit online watchdog the Center for Countering Digital Hate on Thursday hit back at Elon Musk’s X in a motion to dismiss the social media company’s August lawsuit. X Corp., the parent company of the platform formerly known as Twitter, accused the Center for Countering Digital Hate of deliberately trying to

By Peter Valdes-Dapena, CNN (CNN) — Amazon is about to add cars and SUVs to the huge roster of things it sells online. People will be able to shop for Hyundai vehicles on Amazon through an agreement with the South Korean automaker. Your new Hyundai Santa Fe or Sonata won’t be delivered to your front

By Liam Reilly and Clare Duffy, CNN New York (CNN) — IBM on Thursday announced it had suspended advertising on Elon Musk’s X, the platform formerly known as Twitter, after an ad for the computing giant appeared alongside pro-Nazi content. “IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X

By Samantha Kelly, CNN (CNN) — The long-standing battle over the iOS’ blue and Android’s green text bubbles will soon take a more friendly turn. Apple announced on Thursday plans to adopt a messaging standard that will finally bring iMessage features to Android users, eroding what some considered an element of Apple’s walled garden. The

By Parija Kavilanz, CNN New York (CNN) — Gap Inc. on Thursday reported third-quarter results that showed the retailer’s continued struggle to lift overall sales across its portfolio of brands. But signs of a turnaround for its Old Navy division offered at least something to cheer about. Overall revenue in the quarter for Gap Inc.

By Matt Egan, CNN New York (CNN) — Nir Barkat, Israel’s minister of economy and industry, is warning American universities to crack down on antisemitism. “Schools that prioritize taking money instead of doing what’s right and doing good are going to have a serious problem,” Barkat told CNN on Thursday. Speaking from a Manhattan hotel,

By Peter Valdes-Dapena, CNN (CNN) — The Vatican has announced that, as part of a move to reduce its carbon emissions, it will electrify its fleet of vehicles. And Volkswagen will be supplying the cars. The first two vehicles, both VW ID.3 compact electric cars, have already been delivered to the Vatican, VW said. In

By Matt Egan, CNN New York (CNN) — Heavy selling drove oil prices sharply lower on Thursday, marking another positive development for inflation just ahead of the Thanksgiving travel rush. US oil prices tumbled almost 6% to a low of $72.16 a barrel — the lowest level since July 7. The selloff continues a sharp

By Anna Bahney and Samantha Delouya, CNN Anaheim, California (CNN) — There was a DJ dance party and photo booths, a gala dinner and cocktail hours. But it’s an awkward time for a party at the annual convention of the National Association of Realtors, underway in Anaheim this week and bringing together nearly 12,000 of

By Donie O’Sullivan, Catherine Thorbecke and Allison Gordon, CNN (CNN) — Dozens of young Americans have posted videos on TikTok this week expressing sympathy with Osama bin Laden, the notorious terrorist who orchestrated the September 11 attacks, for a two-decade-old letter he wrote critiquing the United States, including its government and support of Israel. The letter,