Money

By Tami Luhby, CNN (CNN) — The five wealthiest people on Earth have become a whole lot richer in recent years. Since 2020, these billionaires’ net worth has skyrocketed 114% to a total of $869 billion, after taking inflation into account, according to Oxfam’s annual inequality report, released Sunday. If current trends continue, the world

By Eva Rothenberg, CNN New York (CNN) — As frigid temperatures blast much of the United States and threaten more storms in the coming days, airports across the country are experiencing thousands of delays and cancellations for the third consecutive day. As of Sunday afternoon, more than 4,000 flights within, into or out of the

By Oliver Darcy, CNN (CNN) — Business Insider and its parent company, Axel Springer, said Sunday that they stood by the outlet’s reporting that Neri Oxman, a prominent former professor at the Massachusetts Institute of Technology and the wife of billionaire hedge fund manager Bill Ackman, had plagiarized in her doctoral dissertation. In a note Sunday

By Ramishah Maruf, CNN New York (CNN) — Monday, January 15, celebrates the birthday of celebrated civil rights leader Reverend Martin Luther King, Jr. Though the federal holiday coincides with King’s actual birthday this year, it always falls on the third Monday of January. Just four days after King’s assassination in 1968, US Rep. John

By Eva Rothenberg, CNN New York (CNN) — Airlines are still digging themselves out from an intense day of storms that battered the eastern half of the United States on Friday and saw every state under some type of weather-related alert. As of early Saturday evening, more than 1,200 flights across the country were canceled,

By Anna Bahney, CNN Washington, DC (CNN) — There’s a dream solution to America’s housing crisis and to its increasingly deserted downtowns: Convert the empty offices into homes. Across the country, cities like New York, Boston and Cleveland are embracing the idea of residential retrofitting and providing incentives to do so. The Biden administration is

By Samantha Murphy Kelly, CNN (CNN) — Companies big and small showed off new AI-powered products and their AI-inspired visions for the future at the world’s biggest tech convention this week in Las Vegas. There were pillows that can reduce snoring, mirrors that can detect your mood and innovations from pet-like companions to cars that

By Ramishah Maruf, CNN New York (CNN) — Boeing and US air travel are still facing the fallout a week after the dramatic in-flight door plug blowout on an Alaska Airlines Boeing 737 Max 9 last Friday. The door plug — a portion of the plane’s fuselage the manufacturer can put in place instead of an

By Catherine Thorbecke, CNN (CNN) — The tech sector has kicked off the new year with a spate of fresh job cuts that are coming at the same time as the industry is doubling down on investments into artificial intelligence. While AI tools putting workers out of jobs has been a major point of anxiety in Silicon Valley

By Anna Cooban, CNN London (CNN) — After a piece of software incorrectly showed that money had gone missing, a trusted, centuries-old British government corporation used its financial and legal might to convict and bankrupt hundreds of people who ran its branches. Some family members say their loved-ones were left so distressed they took their

Analysis by Laura He, CNN Hong Kong (CNN) — When Taiwan heads to the polls on Saturday to elect a new president and legislature, their votes will be keenly watched at home and abroad. That’s because the self-ruled island of 23 million people has an outsized impact on the global business and trade, mainly because

By Maria Sole Campinoti and Rob Frehse, CNN (CNN) — A New York judge ordered Donald Trump to pay $392,638 in legal fees to The New York Times after his failed lawsuit against the news outlet and its journalists over the disclosure of his tax information in a 2018 Times article, according to court documents.

By Elisabeth Buchwald, CNN New York (CNN) — Microsoft is back on top. After trailing behind Apple for the majority of the past decade, Microsoft is the world’s most valuable publicly traded company as of market close on Friday. The tech giant’s stock (MSFT) closed at $388.47 a share on Friday, giving it a market

By Luciana Lopez and Allison Morrow, CNN New York (CNN) — The US Supreme Court on Friday agreed to hear a case in which Starbucks was ordered to re-hire pro-union workers that the coffee company had previously fired. Starbucks in February 2022 let go of seven workers who were involved in forming a union in

By Parija Bhatnagar, CNN New York (CNN) — Quaker Oats broadened its recall from last month to its granola bars, snacks and some varieties of its popular Cap’n Crunch cereal products sold nationwide due to possible Salmonella contamination. The packaged foods maker said Thursday it is recalling additional products that include more cereals bars and

By Nicole Goodkind, CNN New York (CNN) — Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of 2023, its worst quarter in 15 years. The bank expects the reduction in headcount

By Jordan Valinsky, CNN New York (CNN) — Bud Light brewer Anheuser-Busch InBev is becoming the first-ever beer sponsor for the next three Olympics and Paralympic Games — with a non-alcoholic brand taking the torch. Rather than using the sponsorship to advertise an established beer, AB InBev announced Friday that non-alcoholic Corona Cero beer will

By Krystal Hur, CNN New York (CNN) — Markets were anything but predictable last year. Investors aren’t looking to get caught flat-footed again. Stocks ended on a high note last year, but were tested by the Federal Reserve’s interest rate hikes, banking turmoil, debt ceiling worries and war in the Middle East. Many early-year consensus

By Alicia Wallace, CNN New York (CNN) — US producer prices fell in December for the third consecutive month, bringing a closely watched gauge of inflation to a rate more in line with pre-pandemic times. Wholesale inflation as measured by the Producer Price Index rose 1% annually in December, up slightly from November’s revised 0.8%

By Pete Muntean, CNN (CNN) — The Federal Aviation Administration said on Friday that after reviewing Boeing’s instructions for inspecting grounded 737 Max 9 planes, it has decided to seek more information before allowing the plan to proceed. In a statement, FAA also said it would keep the Boeing 737 Max 9 “grounded until extensive