CNN – Business/Consumer

By Elisabeth Buchwald, CNN New York (CNN) — Legendary baseball coach and player Frank Robinson famously said, “Close only counts in horseshoes and hand grenades.” The Federal Reserve is living by that precept. After getting its preferred inflation gauge down from over 7% in June 2022 — its highest level since the early 1980s —

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Rachel Maddow is back with another podcast. The MSNBC star on Monday debuted the second season of her acclaimed audio series, “Ultra.” Over six episodes, the program is set to

By Hanna Ziady, CNN London (CNN) — Elon Musk is not happy about a new partnership between Apple and ChatGPT creator OpenAI. In a post to X Monday, the Tesla (TSLA) chief executive said he would ban Apple (AAPL) devices at his companies — which include SpaceX and X, among others — if the iPhone

By Allison Morrow, CNN New York (CNN) — Lawyers for Elizabeth Holmes, the convicted Silicon Valley grifter, presented her appeal before a California court Tuesday, revisiting a case that exposed the shortcomings of the tech world’s fake-it-till-you-make-it startup culture. Holmes was sentenced to 11 years in prison for defrauding investors in her failed blood-testing company,

By Matt Egan, CNN New York (CNN) — The price for owning a home is rising rapidly – and we’re not just talking about mortgage payments. US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home, according to

By Samantha Delouya, CNN (CNN) — Nearly four years ago, while campaigning in the runup to the last presidential election, Donald Trump warned that President Joe Biden would “destroy” the oil industry. As Trump and Biden are set once again to face off in a presidential election, Trump has renewed claims that Biden’s agenda has

By Juliana Liu, CNN Hong Kong (CNN) — Singapore Airlines has offered compensation to passengers hurt last month during a flight that encountered severe turbulence, which resulted in dozens of injuries and one death. Passengers who sustained minor injuries have each been offered $10,000 in compensation, while those who suffered more serious injuries have been

By Eva Rothenberg, CNN New York (CNN) — An action figure from 1979 that was never officially released in stores has become the most valuable vintage toy ever sold at auction, fetching a final bid that could buy a three-bedroom, two-bath home in many parts of the United States. The Rocket-Firing Boba Fett action figure,

By Ramishah Maruf, CNN New York (CNN) — The WNBA just had its highest-attended opening month in 26 years, fueled by a powerhouse rookie class with the likes of Caitlin Clark and Angel Reese. The league also said Monday it had its most-watched start of the season games ever across all six networks that broadcast

By Chris Isidore, CNN New York (CNN) — Elliott Investment Management announced Monday it has taken a $1.9 billion stake in Southwest Airlines and said there needs to be new leadership at the Dallas-based carrier. “Southwest’s poor execution and leadership’s stubborn unwillingness to evolve the company’s strategy have led to deeply disappointing results for shareholders,

By Alicia Wallace, CNN (CNN) — Presidential election polls may be showing that some Americans have mixed, if not outright sour, views on the overall economy — but when it comes to how they view their own finances, things are looking pretty good. US consumers are more optimistic about their current and future financial situation,

By Catherine Nicholls and Hanna Ziady, CNN London (CNN) — Around 20 branches of Barclays have been vandalized by pro-Palestinian and climate activists who said they were protesting against the UK bank’s business dealings in Israel and its funding of polluting industries. Windows were smashed and red paint was sprayed across buildings, including in London,

By Anna Cooban, CNN London (CNN) — French markets and the euro were roiled Monday by President Emmanuel Macron’s surprise decision to call a snap election after his party lost to the far right in a vote for European lawmakers. Big gains for the far right in the French election could force Macron to govern

CNN By Samantha Murphy Kelly, CNN Cupertino, California (CNN) — Apple just kicked off a brand new era for the company with the introduction of its first generative AI features for the iPhone. At its annual Worldwide Developers Conference on Monday, the company unveiled the first batch of tools powered by “Apple Intelligence,” from personalized

By Samantha Murphy Kelly, CNN Cupertino, California (CNN) — Apple just kicked off a brand new era for the company with the introduction of its first generative AI features for the iPhone. At its annual Worldwide Developers Conference on Monday, the company unveiled the first batch of tools powered by “Apple Intelligence,” from personalized Genmoji

By Sean Lyngaas and Michelle Watson, CNN (CNN) — Microsoft and Google will offer free or discounted cybersecurity services to rural hospitals across the United States to make them less vulnerable to cyberattacks that have disrupted patient care and threatened lives, the White House and those tech firms said Monday. Microsoft said in a statement

By Laura He and Joyce Jiang, CNN Hong Kong (CNN) — Tesla is one step closer to launching full-self driving (FSD) technology in China after it clinched an agreement with Baidu to upgrade its mapping software. The Chinese tech giant said Saturday that it was providing lane-level navigation services for Tesla cars. Baidu (BIDU) says

By Chris Isidore, CNN New York (CNN) — Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Five months ago, a Delaware judge threw out the largest pay package in history, then worth more than $50 billion, that Telsa’s very friendly board had given

By Eva Rothenberg, CNN New York (CNN) — Car manufacturer Stellantis is recalling 211,581 SUVs and pickup trucks over a software malfunction that could cause their electronic stability control systems to fail. The company said the issue stems from a defective anti-lock breaking system, which in turn deactivates the stability control system. The system is

By Nicole Goodkind, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. How do we know if the economy is in decline?