CNN – Business/Consumer

By Laura He, CNN Hong Kong (CNN) — China’s wobbly economy has affected the world’s largest annual shopping event, and companies have launched an aggressive price war to woo customers. The Singles Day festival, also known as “Double 11,” was created by Alibaba in 2009 and has turned into a weeks-long shopping bonanza in China.

By Veronica Calderon, CNNE (CNN) — Apple co-founder Steve Wozniak was hospitalized in Mexico City on Wednesday, a source from the organizers of the World Business Forum (WBF), an event he attended in the country’s capital, told CNN En Español. The source said Wozniak, 73, was taken to the hospital at 3 p.m. local time after fainting

By Bryan Mena and Juliana Liu, CNN Washington/Hong Kong (CNN) — US Treasury Secretary Janet Yellen will meet Chinese Vice Premier He Lifeng to discuss the bilateral relationship between the world’s two largest economies and other global issues over two days starting Thursday. Yellen’s talks with China’s new economic tsar will set the stage for

By Oliver Darcy and Ramishah Maruf, CNN New York (CNN) — Hollywood actors have reached a tentative agreement with the major film and television studios to end their historic strike, the actors union announced Wednesday. The strike had shut down production across the industry for nearly four months and raised existential questions over the future

By Liam Reilly, CNN (CNN) — Los Angeles County has agreed to pay $700,000 to a public radio reporter who was slammed to the ground and arrested by sheriff’s deputies while covering a protest in 2020. Josie Huang, a radio journalist for LAist, reached the settlement agreement with Los Angeles County and the sheriff’s department

By Matt Egan, CNN New York (CNN) — A pair of Republicans leading powerful House committees are calling for the Department of Veterans Affairs to speed up efforts to decrease the agency’s reliance on China for medical supplies, CNN has learned. The Covid-19 pandemic laid bare a dangerous vulnerability in America’s medical supply chains that

By Samantha Delouya, CNN Los Angeles (CNN) — Disney said it would continue to dramatically cut costs as it looks to rebuild its business in a rapidly changing media environment. The company announced it would slash expenses by another $2 billion, adding to the $5.5 billion reduction it had previously announced, which included thousands of

By Nicole Goodkind, CNN New York (CNN) — US stocks ended the day mixed on Wednesday with investors focused predominantly on a flurry of corporate earnings reports in a week with a sparse schedule of economic data releases. The S&P 500 wobbled through the day but managed to hold on to its longest winning streak

By Brian Fung, CNN (CNN) — Meta CEO Mark Zuckerberg has personally and repeatedly thwarted initiatives meant to improve the well-being of teens on Facebook and Instagram, at times directly overruling some of his most senior lieutenants, according to internal communications made public as part of an ongoing lawsuit against the company. The newly unsealed

By Matt Egan, CNN New York (CNN) — Citibank illegally discriminated against Armenian Americans for years by singling them out on credit card applications based on their surnames, a federal regulator alleged on Wednesday. The Consumer Financial Protection Bureau found that from at least 2015 through 2021, Citi “targeted” retail services credit card applicants whom employees associated

By Bryan Mena and Elisabeth Buchwald, CNN Washington (CNN) — Federal Reserve Bank of Cleveland President Loretta Mester is set to resign from her post next year, the bank announced Wednesday. Mester, one of the Fed’s most “hawkish” voices, is finishing her term on June 30, 2024. Hawkish is a term used to describe Fed

By Nicole Goodkind, CNN New York (CNN) — Retail pharmacy workers have told CNN that their employers have left them severely overworked and understaffed. These harsh working conditions, they say, make it difficult to safely fill prescriptions, which could put the health of their customers at risk. Now a formal unionization effort, backed by the

By Peter Valdes-Dapena, CNN (CNN) — Cruise, General Motors’ self-driving vehicle subsidiary, has recalled all 950 of its autonomous vehicles for a software update. Late last month, Cruise paused all its public testing operations while it investigated the incident that led to the recall. GM had announced Monday that it was pausing production of test

By Chris Isidore, CNN New York (CNN) — A tentative five-year labor deal has been reached between the Culinary union and Caesars Entertainment to avert a potential strike at its nine casinos along the Las Vegas Strip, although nine other casinos still face possible walkouts come Friday morning. The details of the agreement, which was

By Jordan Valinsky, CNN New York (CNN) — Perdue believes it has a clever way to combat criticism about chicken production: sell humans practically the same food it feeds its chickens. The company has created “Chix Mix,” a new snack that is “made from most of the same ingredients” that’s in the company’s chicken feed.

By Brian Fung, CNN Washington (CNN) — Meta, parent company of Instagram and Facebook, will require political advertisers around the world to disclose any use of artificial intelligence in their ads, starting next year, the company said Wednesday, as part of a broader move to limit so-called “deepfakes” and other digitally altered misleading content. The

By Peter Valdes-Dapena, CNN New York (CNN) — General Motors has entered into a partnership with a small Wisconsin start-up, Niron Magnetics, to develop electric motor magnets that can be made without rare elements that are mostly sourced from China today. In electric vehicle motors, rapidly shifting magnetic fields spin a rotor made with magnets

By Chris Isidore, CNN New York (CNN) — Blockbuster hit “Barbie” brought in a record $1.5 billion for Warner Bros. Discovery, but the company still reported a $417 million loss for the quarter that was bigger than Wall Street’s forecasts. The company, however, reported a narrow profit when taking into account adjustments for certain items,

By Oliver Darcy, CNN (CNN) — Catherine Herridge is on the brink of being held in contempt of court. In a late-September deposition, the CBS News senior investigative correspondent declined to reveal her source(s) for a series of 2017 stories she reported on during her time at Fox News, according to a court filing made

By Alicia Wallace and Nicole Goodkind, CNN Minneapolis (CNN) — The New York civil fraud trial of former President Donald Trump carries extremely high stakes for the self-proclaimed business mogul. Not only could Trump be subject to hefty financial penalties and lose control of his flagship properties dotting the Manhattan skyline, the trial also could