Money

By David Goldman, CNN (CNN) — Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a repeat of the embarrassing problem. The troubled retailer said its investigation revealed a single, unnamed accounting employee—who was responsible

By Reuters (Reuters) — Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the US on Tuesday accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease. The lawsuit was filed in the Philadelphia Court of Common Pleas by Bryce Martinez, a

By Matt Egan, CNN New York (CNN) — Corporations are scrambling to protect their senior executives as police warn of an elevated near-term threat against business leaders. Boards are reassessing security budgets. And CEOs are being told to delete their digital footprints. The stunning killing of UnitedHealthcare CEO Brian Thompson in Midtown Manhattan last week

By Hadas Gold, CNN (CNN) — A bankruptcy judge has blocked The Onion’s winning bid for Alex Jones’ Infowars conspiracy platform, citing concerns with the auction process which he says left money on the table. “I’m going to not approve the sale to the purchaser. I think there’s a great lack of clarity here,” Judge

By Chris Isidore, CNN New York (CNN) — General Motors is pulling the plug on its efforts to develop a fleet of driverless taxis and will focus on driver-assistance features that require a driver to be ready to take control of the car, the company said Tuesday. GM is dropping robotaxi efforts “given the considerable

By Elisabeth Buchwald, CNN New York (CNN) — From the very moment President-elect Donald Trump takes the oath of office on January 20, he’ll be able to levy tariffs on imports from other nations. On that day, he has already vowed to impose a 25% tariff on Mexican and Canadian imports as well as an

By Nathaniel Meyersohn, CNN New York (CNN) — A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers. The ruling is a major setback for the chains and puts the merger’s likelihood in jeopardy. The judge issued

WBAL, WJAC, CNN By Ray Sanchez and John Miller, CNN (CNN) — The regulars began assembling in the predawn Monday at a McDonald’s just off the interstate in western Pennsylvania when at some point a fellow customer caught their attention. “Don’t that look like the shooter from New York?” one of the regulars, who only

By Jordan Valinsky, CNN New York (CNN) — Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher Tuesday. The Wall Street Journal reported that the beleaguered drugstore giant and the private equity firm are discussing a deal that could be completed early next year.

By Chris Isidore, CNN New York (CNN) — More than 33,000 Boeing employees ended their strike a month ago. But planes have only just recently started moving along the assembly lines that were idled by the two-month work stoppage. Production of its 737 Max jet finally resumed Friday, while Boeing said Tuesday that a second

By Jeanne Sahadi, CNN (CNN) — US workers feel relatively satisifed and secure in their jobs and few say they expect to look for a new job in the coming months, but close to a third say they are not satisfied with their pay. That’s according to a new survey of nearly 5,400 US working

By Juliana Liu, CNN Hong Kong (CNN) — Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests. Xi made the remarks on Tuesday during a meeting with the heads of several global financial institutions,

By Jordan Valinsky, CNN New York (CNN) — After police found the words “deny,” “defend” and “depose” printed on shell casings near the site where UnitedHealthcare CEO Brian Thompson was gunned down, merchandise bearing those words started to appear online. The phrase might be linked to a 2010 book critiquing the health insurance industry titled,

By Hanna Ziady, CNN London (CNN) — The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport Association said Tuesday. IATA also predicted that airlines’ average profit per passenger would increase to

By Chris Isidore, CNN New York (CNN) — Juan Soto’s record-shattering $765 million contract with the New York Mets shouldn’t cost the team’s fans a dime for a ticket at Citi Field. But many fans weren’t ready to believe that Monday, when they learned of the record deal that shook the baseball landscape. They’ve watched

By Hanna Ziady, Stefano Pozzebon and Manuela Castro, CNN London/Bogota/Buenos Aires (CNN) — Javier Milei swept to power in Argentina a year ago on a ticket to tackle chronic hyperinflation and overhaul the long-suffering economy. In one regard — slashing the size of the state — he has proven so successful that Donald Trump’s government

By Nathaniel Meyersohn and Chris Isidore, CNN New York (CNN) — Macy’s would be more valuable if it just shut down its business and sold everything off for parts. That’s the argument activist investment firm Barington Capital and private equity firm Thor Equities said in a proposal Monday that called on the company to make

By Clare Duffy, CNN New York (CNN) — Two families have sued artificial intelligence chatbot company Character.AI, accusing it of providing sexual content to their children and encouraging self-harm and violence. The lawsuit asks a court to shut down the platform until its alleged dangers can be fixed. Brought by the parents of two young

By Kristen Holmes and Jack Forrest, CNN (CNN) — Former Florida congressman Matt Gaetz will join One America News Network (OAN) as an anchor in January, the network announced Tuesday. “Matt Gaetz has earned a reputation as a relentless champion of conservative values, taking on entrenched Washington bureaucrats and exposing government overreach,” the network said

By Brian Stelter and Hadas Gold, CNN (CNN) — Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled. The probate commissioner, who heard several days of secret testimony by Murdoch family members earlier this year, issued a