CNN – Business/Consumer

By Jeanne Sahadi, CNN New York (CNN) — Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and a 2020 lawsuit the agency filed pertaining to the bank’s creation of fake customer accounts.

By Brian Fung, CNN Washington (CNN) — Meta will now remove posts containing the term “Zionist” when used in conjunction with antisemitic tropes or dehumanizing rhetoric, the company said Tuesday, in an expansion of its current hate speech policies. The decision follows what the company described as a months-long inquiry into how the term has

By Brian Fung, CNN Washington (CNN) — The Federal Trade Commission and the Los Angeles District Attorney’s Office have banned a controversial anonymous messaging app from serving kids under 18, taking an unprecedented and aggressive step against what regulators called “rampant cyberbullying and threats against children and teens” on the platform. The targeted ban is

By Marshall Cohen, CNN (CNN) — Christina Bobb, the indicted RNC official and former One America News host, is dodging a deposition in a 2020-related defamation lawsuit, according to Dominion Voting Systems, which is battling her in court. Bobb’s attorneys previously argued that the Dominion defamation lawsuit, and the routine deposition they are seeking, should be paused

By Chris Isidore, CNN New York (CNN) — Boeing said it sold just 14 new jets in the past month, with most of those coming as freighter sales. And one of those was to replace the plane that saw a door plug blow out mid-flight just over six months ago. It sold just three 737

By Bryan Mena, CNN Washington (CNN) — Inflation has come a long way since reaching a four-decade peak two years ago, Federal Reserve Chair Jerome Powell said Tuesday. However, central bank officials still want to see more progress before cutting interest rates, he noted, though they are also keeping a close eye on the job

By Isabelle Chapman, Majlie de Puy Kamp and Audrey Ash, CNN (CNN) — It was another lawsuit brought by another victim whose fun-filled vacation turned into a voyeuristic nightmare: A woman was secretly recorded undressing at a rental property, her images stored on the computer of an alleged sexual predator accused of spying on unsuspecting

By Laura He, CNN Hong Kong (CNN) — China’s BYD, which vies with Tesla for the title of the world’s top maker of battery electric vehicles, has agreed to build a $1 billion car factory in Turkey, the Turkish government has announced. BYD’s CEO Wang Chuanfu and Turkey’s Industry and Technology Minister Mehmet Fatih Kaci

By Samantha Delouya, CNN (CNN) — When Vera Sansalone, a realtor in West Virginia showed a log cabin home on a 90-acre property in Mannington to an interested buyer from the Boston area, he was shocked by the $420,000 asking price. After deciding not to buy it, Sansalone said the Boston buyer left her with

By Danielle Wiener-Bronner, CNN New York (CNN) — McDonald’s once poured big marketing dollars into its salads. But since 2020, greens have been off the menu. That’s because the chain has concluded that when people go to McDonald’s, they mostly want a burger and fries. “If people really want salads from McDonald’s we will gladly

By Matt Egan and Marshall Cohen, CNN New York (CNN) — LinkedIn co-founder Reid Hoffman is providing significant financial firepower to Smartmatic as the voting technology company fights Fox News and Newsmax over the right-wing networks’ repeated airing of 2020 election lies. Hoffman, a billionaire venture capitalist and prominent Democratic donor, framed his multimillion-dollar investment

By Ramishah Maruf, CNN New York (CNN) — Bloomberg Philanthropies is gifting $1 billion to make medical school free for the majority of students at Johns Hopkins University, joining other high-profile donors who have contributed to tuition-free medical schools across the country. In a letter by Michael Bloomberg in the Bloomberg Philanthropies’ annual report, the

By Matt Egan, CNN (CNN) — Columbia University announced Monday it has permanently removed three deans from their posts after finding they engaged in “very troubling” text messages that touched on antisemitic tropes. In a letter, Columbia President Minouche Shafik committed to holding those officials responsible for the “disturbing” incident, which occurred during a May

By Elisabeth Buchwald and Alicia Wallace, CNN (CNN) — Job seekers have been calling the shots for nearly four years as employers struggled to fill millions of openings to meet an onslaught of demand coming out of the pandemic. Many employers couldn’t even require that workers return to offices, fearing they would quit. And if

By Anna Cooban, CNN London (CNN) — French stocks and government bonds struggled to find direction Monday following surprise results in France’s parliamentary elections, which saw left-wing parties outperform the far right Sunday, leaving the country’s parliament facing gridlock. The yield, or return sought by investors, on benchmark 10-year bonds ticked down to 3.18% by

By Clare Duffy, CNN New York (CNN) — When Matthew Sherwood goes shopping for clothes, he needs help to ensure that what he’s picking up is the color or style he’s looking for. Sherwood has been blind for more than 15 years; he has a family, a successful investing career and a dog, Chris, who

By Jeanne Sahadi, CNN New York (CNN) — Financial files in disarray. Late payments and last-warning service-cutoff notices. Multiple daily bank withdrawals. Out-of-character purchases. When a family member who has been fairly responsible with money all their lives becomes careless with their finances, it may be one sign of as-yet-undiagnosed dementia. Researchers at the New

By Laura He, CNN Hong Kong (CNN) — Beijing has intensified its anti-dumping investigation into imports of European brandy. The Chinese commerce ministry will hold a hearing on July 18 to discuss the probe into claims that European producers are selling brandy in China at artificially low prices, according to a statement from the ministry Friday. The hearing

By Jon Passantino and Liam Reilly, CNN (CNN) — Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media, ending years of speculation over the company’s fate. The deal announced late Sunday comes just weeks after a previous offer from Ellison to acquire

By Chris Isidore, CNN New York (CNN) — Boeing has agreed to plead guilty to one charge of conspiracy to defraud the United States for its role in two fatal 737 Max crashes, the Justice Department said in a court filing Sunday evening. It represents yet another black eye for the company after a series of embarrassing