Money

By Hanna Ziady, CNN London (CNN) — UBS made a hefty loss in the first full quarter since it closed a deal to rescue Credit Suisse, highlighting the scale of the challenge the bank faces as it absorbs its stricken rival. The Swiss lender reported a net loss of $785 million for the June-to-September quarter

By Simone McCarthy, CNN Hong Kong (CNN) — Developing countries owe Chinese lenders at least $1.1 trillion, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out over two decades are due as many borrowers struggle financially. Overdue loan repayments to Chinese lenders are soaring, according

By Peter Valdes-Dapena, CNN (CNN) — Stellantis’ new Ramcharger pickup, expected to go on sale late next year, will be an “electric” truck, the company says. But really, it’ll be a hybrid, with a gasoline engine under the hood, the company announced Tuesday. It will be sold alongside the Ram REV, the company’s actual fully-electric

By Catherine Thorbecke, CNN New York (CNN) — WeWork, the beleaguered coworking space company, has filed for bankruptcy, marking a stunning downfall for what was once the world’s most valuable startup. The Chapter 11 bankruptcy announcement was widely expected after the company said last month it was struggling to pay back its debt. The pandemic

By Ramishah Maruf, CNN New York (CNN) — SAG-AFTRA said it has responded to Hollywood studios’ “last, best & final offer” on Monday as pressure ramps up to reach a deal ending the industry-freezing strike. The actors’ union said in a message to its members that there are several “essential items” that the two sides have yet to reach agreement on, such as the use

By Samantha Delouya, CNN (CNN) — The University of Pennsylvania police and the FBI are jointly investigating a series of threatening antisemitic emails sent to university staff, Penn President Liz Magill said on Monday. In an email to the university community, Magill said she learned that some Penn staff members received “vile, disturbing antisemitic emails

By Jeanne Sahadi, CNN New York (CNN) — A payment processing error that caused delays in some deposits that were originally expected to post to customer accounts in the first three days of November was unwelcome news to bank customers who were affected. The Clearing House, which is the private operator of the Automated Clearing

By Samantha Murphy Kelly, CNN (CNN) — The technology behind viral AI chatbot ChatGPT just got a whole lot smarter. During its first developer conference held in San Francisco on Monday, OpenAI unveiled a series of artificial intelligence tool updates, including the ability for developers to create custom versions of ChatGPT. It is also launching

By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks employees are getting more pay and new benefits, but some are only going to baristas that haven’t unionized. A National Labor Relations Board judge previously found that similar moves by Starbucks violate federal labor law, with the company appealing the decision. The question of which workers

By Jennifer Korn, CNN New York (CNN) — If you were wondering why your teenager was glued to video games this weekend, the answer may be the launch of Fortnite OG. In its biggest weekend ever, video game maker Epic Games launched Fortnite OG, bringing players back to some of the game’s original settings and

By Matt Egan, CNN New York (CNN) — Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system. The deposit delays are linked to a problem that emerged on Friday with the Automated Clearing House (ACH) payments system, causing headaches for consumers

By Peter Valdes-Dapena, CNN New York (CNN) — While personalizing one’s vehicle is a long-cherished American tradition, the federal government is warning that one particular customization option can result in serious injuries in a crash. The little rhinestone bedazzled ring you’ve slapped over the manufacturer’s logo on the steering wheel has got to go. Car

By Danielle Wiener-Bronner, CNN New York (CNN) — With hundreds of pharmacies closing their doors this year alone, experts fear that more vulnerable Americans could be left without access to the medications they need. Pharmacy closures have been a problem for years. CVS closed 244 stores between 2018 and 2020 and said in 2021 that

By Clare Duffy, CNN New York (CNN) — Bumble founder Whitney Wolfe Herd is stepping down as chief executive after nearly a decade running the dating app company. Starting on January 2, Wolfe Herd will be succeeded by Lidiane Jones, a longtime tech executive who has been serving since December as the CEO of the

By Hanna Ziady, CNN London (CNN) — Ryanair will start paying regular dividends for the first time in its nearly 40-year history, as Europe’s largest airline reaps record profits off the back of booming demand for air travel and much higher ticket prices. The company, which also owns Polish airline Buzz and Austrian carrier Lauda,

By Jordan Valinsky, CNN New York (CNN) — Ketchup and pickles have been a natural combination on a hamburger and hot dogs for decades. Now, thanks to Heinz, the two flavors have been combined into one condiment. Rolling out to grocery store shelves in early 2024, Heinz’s newest flavor of its famous ketchup is called

By Anna Cooban, CNN London (CNN) — Brace yourselves. Jokes incoming. Elon Musk has announced the introduction of “Grok,” an artificially intelligent chatbot, for some users of X, which the billionaire suggests has a sarcastic sense of humor similar to his own. Musk, who has owned X — formerly known as Twitter — for a year,

By Brian Fung, CNN (CNN) — Epic Games, the maker of the popular game “Fortnite,” launches a battle against Google in federal court today in a closely watched antitrust showdown that could reshape how smartphone users get Android apps and pay for in-app content. Epic’s lawsuit in the US District Court in California’s Northern District

By Laura He, CNN Hong Kong (CNN) — The world’s second largest economy is struggling to attract foreign companies and investments, despite Beijing’s efforts to address its myriad economic challenges, according to new data from China. A gauge of foreign direct investment (FDI) into China has slipped into the red for the first time since