Money

By Jordan Valinsky and Emily Smith, CNN New York (CNN) — It’s National Doughnut Day, and there are a ton of sweet deals. For businesses, it’s an easy way to cash in. Fast food historically has been a low-profit business with little customer loyalty. So, chains unveil big giveaways, typically tied to their mobile apps,

By Issy Ronald, CNN London (CNN) — IKEA has put a new spin on remote working, seeking 10 real-life staff to work in its Roblox virtual store that opens on June 24 and becoming the first brand to offer paid work on the gaming platform. “This is not the typical IKEA job,” the Swedish flatpack

By Wayne Chang, Will Ripley and John Mees, CNN Taipei, Taiwan (CNN) — When Nvidia surpassed Apple this week to become America’s second most valuable company, its CEO Jensen Huang was being feted like a rockstar in his birthplace Taiwan. Wearing his signature black leather jacket, Huang spoke Sunday at a packed stadium in the

CNN By Wayne Chang, Will Ripley and John Mees, CNN Taipei, Taiwan (CNN) — When Nvidia surpassed Apple this week to become America’s second most valuable company, its CEO Jensen Huang was being feted like a rockstar in his birthplace Taiwan. Wearing his signature black leather jacket, Huang spoke Sunday at a packed stadium in

By Matt Egan, CNN (CNN) — Federal regulators are planning to use a rarely enforced law from the Great Depression to allege America’s largest alcohol distributor is unfairly pricing wine and spirits, a person familiar with the matter told CNN. A looming Federal Trade Commission lawsuit against Southern Glazer’s Wine and Spirits would be aimed at lowering costs for

By Alicia Wallace, CNN (CNN) — US job growth shot much higher than expected in May, jumping to 272,000, while the nation’s jobless rate rose slightly and broke a 27-month streak of below-4% unemployment. At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state and trajectory of the

By Laura He, CNN Hong Kong (CNN) — As profit margins get squeezed, temperatures are rising in the world’s biggest car market. A tense exchange between two major Chinese electric vehicle (EV) manufacturers in recent days highlights the pressures they face as a price war in the industry intensifies. It all started on Saturday, when

By Hilary Whiteman, CNN (CNN) — Netflix said on Friday it will fight a multimillion-dollar claim for damages brought by a Scottish woman who alleges she was defamed by the global hit show “Baby Reindeer.” Fiona Harvey is seeking a jury trial and damages totaling $170 million for “mental anguish, loss of enjoyment of life

By Yoonjung Seo and Diksha Madhok, CNN Seoul (CNN) — A labor union at Samsung Electronics in South Korea said many workers went on strike Friday, marking the first such walkout in the smartphone and chipmaking giant’s 55-year history. The Nationwide Samsung Electronics Union (NSEU) said last week that its 28,000 members — just under

By Oliver Darcy, CNN (CNN) — Right-wing conspiracy theorist Alex Jones on Thursday moved to liquidate his personal assets, agreeing to demands from the families of Sandy Hook victims whom he owes more than $1.5 billion in damages over his lies about the 2012 school massacre. The seismic move paves the way for a future

CNN By Oliver Darcy, CNN (CNN) — Right-wing conspiracy theorist Alex Jones on Thursday moved to liquidate his personal assets, agreeing to demands from the families of Sandy Hook victims whom he owes more than $1.5 billion in damages over his lies about the 2012 school massacre. The seismic move paves the way for a

By Jon Passantino, Oliver Darcy and Hadas Gold, CNN (CNN) — William Lewis, the new publisher and chief executive of The Washington Post, reportedly tried to kill a story about his alleged involvement in a UK phone hacking scandal coverup, offering an NPR reporter an interview in exchange for squashing the forthcoming article. The decade-old UK scandal that engulfed

By Parija Kavilanz, CNN New York (CNN) — American households want the biggest bang for their buck right now when they pull their wallets out to shop. That doesn’t mean they want something cheap all the time. They’ve been paying more for goods and services for a while because of higher inflation that stubbornly stuck

By Hadas Gold, CNN (CNN) — The Israeli government is seeking to extend its controversial ban on the Al Jazeera news network in the country, after a court upheld the ban but shortened it by 10 days. In May, Israel banned the Qatari-based news network from operating in the country for 45 days under a sweeping new wartime law that allows the Israeli government to ban foreign media

By David Goldman, CNN (CNN) — Rachel Smolkin, a veteran media executive who leads CNN’s global digital news, is departing the network to become the next president and CEO of Oregon Public Broadcasting. OPB called Smolkin a forward-thinking journalist and a strong business strategist who can help lead the 100-year-old public media organization through a

By Chris Isidore, CNN New York (CNN) — A class action case challenging the legality of the NFL’s Sunday Ticket package, whose opening arguments are scheduled for Thursday, could shake up television rights deals in professional sports and the way teams make money. The case, first brought in 2015, focuses on the NFL’s package of

By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks is teaming up with Grubhub as it tries to boost sales after a challenging quarter. The coffee chain said on Thursday that most of its beverages and food will be available through the delivery provider starting in June. Today, the partnership is live in Pennsylvania, Colorado

CNN By Hanna Ziady, CNN London (CNN) — The European Central Bank cut interest rates Thursday, moving before the US Federal Reserve and the Bank of England to lower borrowing costs as inflation recedes following years of rate hikes. The first ECB rate cut in nearly five years takes the benchmark rate in the 20