Money

By Chris Isidore, CNN New York (CNN) — Tesla Wednesday reported an unexpected improvement in earnings for the third quarter, lifting its recently battered shares in after-hours trading. The company reported a 6% increase in sales volume, which was fairly modest for an automaker that not long ago was reporting 50% annual growth in vehicles

By Nicole Goodkind and Lucy Bayly, CNN New York (CNN) — US stocks took a dive Wednesday as mounting concerns over big tech earnings, rising Treasury yields and political uncertainty drove down all three major indexes. Investors have been increasingly on edge about the prospect of former President Donald Trump winning the election, a possibility

By Jordan Valinsky, CNN New York (CNN) — Tickets for this year’s highly anticipated World Series between the New York Yankees and Los Angeles Dodgers are set to be the most expensive ever. The average ticket price is hovering around $1,703 on the secondary market, according to reseller TickPick. That narrowly edges out the previous

By Anna Cooban, CNN London (CNN) — ChatGPT can be duped into providing detailed advice on how to commit crimes ranging from money laundering to the export of weapons to sanctioned countries, a tech startup found, raising questions over the chatbot’s safeguards against its use to aid illegal activity. Norwegian firm Strise ran two experiments asking

By Ramishah Maruf, CNN New York (CNN) — The US Consumer Financial Protection Bureau ordered Goldman Sachs and Apple to pay $89 million, and Goldman was temporarily banned from issuing new credit cards, because of the companies’ mishandling of their Apple Card partnership. The failures left customers with unresolved charge disputes and, in some cases,

By Nathaniel Meyersohn, CNN New York (CNN) — Abercrombie & Fitch has spent years trying to scrub the memory of longtime former CEO Mike Jeffries and the associated sexualized marketing campaigns with shirtless male models that he crafted. Since Jeffries exited as CEO in 2014 after more than two decades, Abercrombie ditched the perfume-drenched stores,

By Jordan Valinsky, CNN New York (CNN) — Goldfish crackers are synonymous with hungry kids, but the company is betting that a sophisticated name change could expand that audience. The Pepperidge Farm snack brand is tweaking its name for a limited time to “Chilean Sea Bass,” a more grown-up title, the Campbell’s Company announced Wednesday.

By David Goldman, CNN New York (CNN) — A day after an E. coli outbreak tied to Quarter Pounders in the western part of the United States left one dead and 10 hospitalized, McDonald’s entered full damage-control mode. “We are very confident that you can go to McDonald’s and enjoy our classics,” McDonald’s USA President

By Jordan Valinsky, CNN New York (CNN) — Starbucks’ new CEO Brian Niccol has a Herculean task in front of him to change the dire state of affairs that the world’s largest coffee chain is currently brewing in. Surprising Wall Street, the company unexpectedly released its preliminary earnings report Tuesday evening, revealing sales fell –

By Chris Isidore, CNN New York (CNN) — Boeing reported huge quarterly losses Wednesday, as new CEO Kelly Ortberg conceded “it will take time to return Boeing to its former legacy.” “Going forward, we will be focused on fundamentally changing the culture, stabilizing the business, and improving program execution,” Ortberg said in the company’s quarterly

By Pete Muntean, CNN (CNN) — The federal government is slapping American Airlines with a $50 million fine after a multi-agency investigation uncovered repeat violations of the rules designed to protect airline passengers who use wheelchairs. The investigation by the Department of Transportation aided by the Justice Department’s civil rights division found that American made

By Ramishah Maruf, CNN New York (CNN) — An influx of Yelp reviews – many of them bogus – of a Pennsylvania McDonald’s that former President Donald Trump visited Sunday, led the review platform to temporarily freeze the franchise’s Yelp page. Many of the recent latest reviews were ruthless. Some called out Trump for his

By Maria Aguilar Prieto, CNN (CNN) — Walmart, already partially responsible for the slow demise of America’s drug stores, is launching yet another CVS killer: 30-minute prescription delivery. Walmart’s pitch to costumers is simple – fill your prescription, plus get some groceries delivered to your door, all in one order. Prescription delivery was the number

By Pete Muntean, CNN (CNN) — The Federal Aviation Administration has published new rules that it calls “the final piece of the puzzle” toward allowing half-helicopter, half-airplane, electric “air taxis” to start whizzing through the skies. On Tuesday, the FAA published 880 pages of special regulations that spell out how pilots will learn the new

By Jordan Valinsky, CNN New York (CNN) — Denny’s is closing 150 restaurants over the next year, and the 71-year-old diner chain is mulling a major change to its 24/7 operating hours. Fifty locations are set to close by the end of 2024, while the remaining 100 will shutter in 2025, Denny’s announced in an

By Brynn Gingras, Kara Scannell, Laura Dolan and John Towfighi, CNN New York (CNN) — Mike Jeffries, the former CEO of Abercrombie & Fitch, has been indicted on 16 federal counts of sex trafficking and international prostitution in New York, and is accused of leveraging “a network of employees, contractors and security professionals” while he led

By Hanna Ziady, CNN London (CNN) — High inflation has mostly been defeated around the world, the International Monetary Fund said Tuesday, providing a surprisingly upbeat assessment on prices after warning only three months ago that progress on reducing inflation had stalled. “It looks like the global battle against inflation has largely been won, even

By Brian Stelter, CNN New York (CNN) — Broadcast television licensing is not ordinarily a hot topic during a presidential election. But Donald Trump’s threats are not ordinary, either. In the past two years, Trump has called for every major American TV news network to be punished, according to a CNN review of his speeches

By Jordan Valinsky, CNN New York (CNN) — Target is slashing prices on more than 2,000 items, marking the second time this year that the retailer cut customer costs as it attempts to attract inflation-weary shoppers ahead of the holiday shopping season. Some prices have dropped effective immediately on a number of items, including home

By Chris Isidore, CNN New York (CNN) — General Motors reported much stronger than expected third-quarter earnings and gave an outlook that puts it on the path for record earnings in 2024 – just a year after a costly strike by members of the United Auto Workers union. The company reported it earned an adjusted