CNN – Business/Consumer

By Olesya Dmitracova, CNN London (CNN) — Aurubis, Europe’s largest copper producer, says it has been the target of a huge theft, with damages running into hundreds of millions of euros. “During a scheduled review of metal inventories, Aurubis has identified considerable discrepancies in target inventory,” the German company said Thursday in a statement. Aurubis

By Michael Nam, CNN Business New York (CNN) — Fans of sports and other Disney offerings are going to have to do without on one of the nation’s largest cable providers. Disney pulled its programming from Charter Spectrum on Thursday night, even as the Disney-owned ESPN networks were covering major live sporting events such as

By Parija Kavilanz, CNN New York (CNN) — Walgreens Boots Alliance on Friday said that CEO Rosalind Brewer has stepped down less than three years after taking the helm at the pharmacy chain. The retailer said in a release that its board and Brewer, who was reportedly one of only two Black women to lead

By Michelle Watson, CNN (CNN) — A US District Judge has blocked an Arkansas social media age verification law that was set to go in effect Friday, according to a Thursday court filing. The act was aimed at requiring “age verification for use of social media; and to clarify liability for failure to perform age

By Alicia Wallace, CNN Minneapolis (CNN) — The US labor market continues to live its Goldilocks story with healthy job growth but at a far cooler pace than the blockbuster job gains of the past two and a half years. On Friday, the Bureau of Labor Statistics reported that the US economy added 187,000 jobs

By Radina Gigova and Katharina Krebs, CNN (CNN) — This summer’s blockbuster “Barbie” has made it to Russia despite not being officially released there due to the war in Ukraine, and it seems Barbiemania has infatuated many Russians even as the movie draws condemnation from officials. “Barbie” distributor Warner Bros., which is owned by CNN’s

By Laura He, CNN Hong Kong (CNN) — China has rolled out a new batch of stimulus measures to boost the nation’s ailing property market and support a weakening yuan, in its latest attempt to restore confidence in the world’s second largest economy. Cumulatively, the policy announcements — as well signs of of a pickup

By Oliver Darcy, CNN (CNN) — Summer is coming to a close, but Hollywood is still stuck in strike Hell. In the nearly four months since the Writers Guild of America, West, went on strike, television schedules have been shaken up, movies and shows have been bumped, once-glamorous red carpets have gone dark, and the

By Brian Fung, CNN (CNN) — Google went on the offensive Thursday in a closely watched antitrust case dealing with the tech giant’s digital advertising dominance, questioning the motives of the Justice Department’s top antitrust official. Google’s filing targets Jonathan Kanter, the US assistant attorney general for antitrust, and his widely reported past legal representation

By Clare Duffy, CNN New York (CNN) — The US Department of Energy said Thursday it plans to fuel the auto industry’s transition to electric vehicles with $12 billion in loans and grants. Hard on the heels of President Joe Biden’s goal to spur the sale of EVs in the United States, the Energy Department

By Chris Isidore, CNN New York (CNN) — United Auto Workers union President Shawn Fain said Thursday the union has filed an unfair labor practice complaint against General Motors and Stellantis, a new sign of how far apart the union and the automakers remain as they negotiate a new contract only two weeks before a

By Brian Fung, CNN (CNN) — US highway safety regulators are investigating an apparent hidden feature in Tesla’s Autopilot software that can reportedly disable the safety prompts Tesla gives to drivers to keep their hands on the steering wheel. The regulators are demanding information from the automaker about whether consumers could try to circumvent the

By Matt Egan, CNN (CNN) — Hurricane Idalia caused billions of dollars in damage, but the price tag won’t be nearly as high as other major hurricanes, Moody’s Analytics said Thursday. According to preliminary cost estimates from Moody’s, Hurricane Idalia caused between $12 billion and $20 billion in damage and lost output. For context, Hurricane

By Jordan Valinsky, CNN Business New York (CNN) — There’s no sign of “Messi mania” abating anytime soon. Ticket prices for this Sunday’s match between Inter Miami and Los Angeles FC are the most expensive for a Major League Soccer game ever, according to TickPick, an online marketplace. Average prices are around $690 — a

By Melissa Alonso and Devon M. Sayers, CNN (CNN) — The entire front page of the University of North Carolina at Chapel Hill’s student newspaper, The Daily Tar Heel, Wednesday displayed “text messages sent and received by UNC students,” during the hours-long lockdown on campus after one faculty member was murdered on Monday. “We sat

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates ticked down this week, ending a five-week stretch of increases, but remained above 7% amid lingering inflation. The 30-year fixed-rate mortgage averaged 7.18% in the week ending August 31, down from 7.23% the week before, according to data from Freddie Mac released Thursday. A

By Joseph Ataman, CNN Paris (CNN) — The number of price-capped products in French supermarkets will double to 5,000, finance minister Bruno Le Maire said Thursday, as data revealed another month of double-digit food inflation. Speaking to French broadcaster France2, Le Maire also criticized several multinational companies, including Unilever (UL) and PepsiCo (PEP), for not

CNN By Hanna Ziady, CNN London (CNN) — UBS expects to shed around 3,000 jobs in Switzerland to help it cut $10 billion in costs as it undertakes a sweeping overhaul following its emergency rescue of Credit Suisse earlier this year. The job cuts amount to around 8% of staff employed by the combined Swiss

By Parija Kavilanz, CNN New York (CNN) — Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending on non-essential purchases and increasing theft. Dollar General shares tumbled about 14%, to about $135 a share, in midday trading Thursday. The discount store’s challenges are yet another

By Alicia Wallace, CNN Minneapolis (CNN) — US inflation may have remained elevated in July, but consumers just wanted to have some fun. New Commerce Department data released Thursday showed that consumer spending jumped 0.8% last month as shoppers shelled out for restaurants, live shows, toys, games and recreational equipment. It’s the strongest monthly spending