Money

By Peter Valdes-Dapena, CNN (CNN) — Ford has restarted work on an electric vehicle battery plant in Michigan, but the plant will be smaller than was originally planned. Ford paused work at the site in late September during the United Auto Workers strike, saying at the time that the company needed to reevaluate the scope

By Brian Fung, CNN (CNN) — Some legal experts are panning Elon Musk’s lawsuit targeting the watchdog group Media Matters, saying the complaint filed Monday by X, the platform formerly known as Twitter, runs contrary to the First Amendment and could backfire wildly — if it progresses at all. The lawsuit filed Monday accuses Media

By Matt Egan, Evan Perez, Allison Morrow, Holmes Lybrand, Sean Lyngaas and Bryan Mena, CNN New York (CNN) — Billionaire Changpeng Zhao and leading cryptocurrency exchange Binance pleaded guilty on Tuesday to federal charges in a watershed moment designed to bring order to the often-lawless crypto industry. As part of a coordinated settlement across the

CNN By Brian Fung, CNN (CNN) — Nearly a week into a leadership crisis that’s thrown the artificial intelligence industry into chaos, OpenAI’s future along with that of its former CEO Sam Altman remain as uncertain as ever. If Altman’s abrupt ouster came as a surprise, it was nothing compared to the ensuing chaos and

By Brian Fung, CNN (CNN) — Nearly a week into a leadership crisis that’s thrown the artificial intelligence industry into chaos, OpenAI’s future along with that of its former CEO Sam Altman remain as uncertain as ever. If Altman’s abrupt ouster came as a surprise, it was nothing compared to the ensuing chaos and whiplash

By Jordan Valinsky, CNN New York (CNN) — Kim Kardashian’s private equity firm has announced its first investment: A company that makes truffle-infused sauces that sell for about $20 a bottle. SKKY Partners, the company she formed last year with a former executive at Carlyle Group, has acquired a “significant minority stake” in Truff sauces.

By Chris Isidore, CNN New York (CNN) — American Airlines’ flight attendants’ union wants permission from the government to go on strike in 30 days. But you don’t need to worry about a strike screwing up your holiday travel plans. Airline employees are covered by the Railway Labor Act. Despite its name, the RLA covers

By Alicia Wallace, CNN Arden Hills, Minnesota (CNN) — In 2023, the surge in responsible investing hit a wall. Environmental, social and governance (ESG) initiatives buckled under the pressure of economic and political forces, including efforts by congressional Republicans and conservative-led states to limit “woke” investments that prioritize “agendas and ideology.” But in America’s Heartland,

CNN By Alicia Wallace, CNN Arden Hills, Minnesota (CNN) — In 2023, the surge in responsible investing hit a wall. Environmental, social and governance (ESG) initiatives buckled under the pressure of economic and political forces, including efforts by congressional Republicans and conservative-led states to limit “woke” investments that prioritize “agendas and ideology.” But in America’s

By Matt Egan, CNN (CNN) — Brands are being “irresponsible” by continuing to advertise on Elon Musk’s X after the billionaire endorsed antisemitic views, according to Yale professor Jeffrey Sonnenfeld. “It’s self-destructive for any advertiser to be associated with him. It’s pathological,” Sonnenfeld, dean for leadership studies at the Yale School of Management, told CNN

By Michelle Toh, CNN Hong Kong (CNN) — Another business leader in China is being probed by the country’s anti-graft watchdog, in a sign of an ongoing crackdown in the world’s second largest economy. Zhou Jun, president of state-owned Shanghai Industrial Investment, is under investigation by the Shanghai Municipal Commission for Discipline Inspection, a branch

By Chris Isidore, CNN New York (CNN) — Kyle Vogt, the head of General Motors’ self-driving car unit Cruise, resigned from the company late Sunday. His departure came the day after he apologized to the unit’s employees for problems that led to action from state and federal regulators in the wake of a series of

By Clare Duffy and Oliver Darcy, CNN New York (CNN) — A “groundswell” of advertising executives have urged X chief executive Linda Yaccarino to resign from her role at the embattled social media company in the wake of an advertiser exodus and scrutiny over owner Elon Musk’s antisemitic remarks on the platform, according to marketing industry veteran Lou Paskalis.