Money

By Michelle Toh and Wayne Chang, CNN Hong Kong/Taipei (CNN) — China and the European Union have agreed to exchange information on export controls as part of efforts to dial down tension over trade imbalances and geopolitical issues. Europe’s trade chief said the relationship was at a “crossroads” and the bloc’s exporters needed better access

By Anna Cooban, CNN London (CNN) — Global demand for oil, natural gas and coal is likely to peak by 2030 — an “encouraging” development but “not nearly enough” to limit the rise in global temperatures to 1.5 degrees Celsius, the International Energy Agency said Tuesday. Planet-heating pollution from the energy sector is also set

By Kevin Dotson, CNN (CNN) — The surprise attendance of pop superstar Taylor Swift at Sunday’s Kansas City Chiefs game also brought an unexpected surge in sales of Chiefs’ tight end Travis Kelce’s jersey, according to sports retailer Fanatics. “Yesterday, Travis Kelce was one of the top five selling NFL players and saw a nearly

By Ramishah Maruf, CNN (CNN) — 3M has agreed to pay almost $10 million to settle apparent violations of Iranian sanctions, the US Office of Foreign Assets Control said last week. The agency said 3M had 54 apparent violations of OFAC sanctions on Iran. It said between 2016 and 2018, a 3M subsidiary in Switzerland

By Vanessa Yurkevich, CNN (CNN) — United Auto Workers union President Shawn Fain will join President Joe Biden on the picket line Tuesday in Wayne County, Michigan, according to a source familiar with the situation. The source provided no specifics about the exact location. The UAW, however, is not involved with former President Donald Trump’s

By Jackie Wattles, CNN (CNN) — Jeff Bezos’ space tourism and rocket company is replacing its chief executive officer with a longtime Amazon executive. The current Blue Origin CEO, Bob Smith — a former Honeywell executive who took over the role in 2017 — will step down and make way for Dave Limp, the senior

By Peter Valdes-Dapena, CNN (CNN) — Ford is pausing work on a new, $3.5 billion electric vehicle battery plant in Michigan, even as the transition to electric vehicles has become a major sticking point in a United Auto Workers strike against automakers Ford, GM and Stellantis. No final decision has been made on whether the

By Alicia Wallace, CNN Minneapolis (CNN) — The United States’ credit rating could come under pressure if the government shuts down, Moody’s Investors Service cautioned Monday. A shutdown would be “credit negative” for the US sovereign, according to a Moody’s note. “While government debt service payments would not be impacted and a short-lived shutdown would

By Eva Rothenberg, CNN (CNN) — Now that the Writers Guild of America (WGA) has reached a tentative agreement with the Alliance of Motion Picture and Television Producers (AMPTP), the trade association representing major Hollywood studios, all eyes have turned toward SAG-AFTRA, the union representing about 160,000 actors. While late night and talk programs like

By Ramishah Maruf, CNN New York (CNN) — Costco customers are going to the mattresses over mold. The US Consumer Product Safety Commission announced the recall of 48,000 mattresses sold exclusively at Costco due to risk of mold exposure. Manufacturer FXI is recalling the Novaform ComfortGrande 14-inch and Novaform DreamAway 8-inch mattresses, which were sold

By Catherine Thorbecke, CNN (CNN) — You can now speak aloud to ChatGPT and hear the artificial intelligence-powered chatbot talk back. OpenAI, the startup behind the wildly-popular chatbot, announced Monday that it is rolling out new features including the ability to let users engage in a back-and-forth voice conversation with ChatGPT. In a company blog

By Matt Egan, CNN Business New York (CNN Business) — The cost of living continues to stress out American workers, even as inflation eases from four-decade highs. Sixty-seven percent of employees say the cost of living is outpacing growth in their salary and wages, according to a Bank of America survey shared exclusively with CNN

By Parija Kavilanz, CNN New York (CNN) — Costco is now offering members online health checkups for as low as $29. The retailer is offering the new service in partnership with Sesame, a direct-to-consumer health care marketplace that connects medical providers nationwide with consumers. Sesame, in a release, said Costco members beginning Monday can book

By Samantha Murphy Kelly, CNN Business (CNN) — Taylor Swift fans have famously worn and traded personalized friendship bracelets, typically featuring the names of her songs and albums, throughout the US-leg of her “Eras” tour. So when Swift played Arrowhead Stadium in July, Kansas City Chiefs’ tight end Travis Kelce said he made a play

By Brian Fung, CNN (CNN) — Amazon said on Monday that it’s investing up to $4 billion into the artificial intelligence company Anthropic in exchange for partial ownership and Anthropic’s greater use of Amazon Web Services (AWS), the e-commerce giant’s cloud computing platform. The deepening partnership between the two companies highlights how some large tech

By Jeanne Sahadi, CNN New York (CNN) — US employers are planning smaller pay raises and fewer promotions next year, compared to what they gave this year. That’s according to a new survey from human resources consulting firm Mercer. The survey was taken by more than 900 of its clients, who are employers of varying

By Ramishah Maruf, CNN New York (CNN) — Legacy college admission is an advantage given at birth, in which the children of a school’s alumni receive special consideration in the college admissions rat race. But after the US Supreme Court overturned race-based admissions over the summer, attention toward this already criticized practice intensified. While many

By Michelle Toh and Carina Cheng Hong Kong (CNN) — Huawei has disappointed legions of fans — and US officials — eager to know more about its Mate 60 Pro smartphone, which has quickly become a symbol of the tech rivalry between the United States and China since it went on sale last month. Huawei’s

By Parija Kavilanz, CNN New York (CNN) — American consumers aren’t tired of shopping. They’re shopping more prudently, with an eye on getting the best value, sure. But they’re also rewarding the stores that are betting big on the right trends at the right time, for the right price. US households, to be sure, have

By Laura He, CNN Hong Kong (CNN) — China’s unfair trade practices have forced the European Union to become more assertive in its dealings with the world’s second largest economy, the bloc’s commissioner for trade said Monday during a trip to Beijing. But Europe has no intention of cutting relations with China or seeking self-sufficiency