Money

By Eva Rothenberg, CNN New York (CNN) — Best Buy is recalling nearly a million pressure cookers because they pose burn risks. About 930,000 Insignia Multi-Function pressure cookers sold between October 2017 and June 2023 have inaccurate volume markings, meaning that some users may fill them beyond their intended capacity, the US Consumer Product Safety

By Nathaniel Meyersohn, CNN New York (CNN) — Retailers say theft is exploding, and some data from retailers along with numerous videos of violent store robberies and looting seem to support the claim. But some retail analysts and researchers, bolstered by local crime statistics, say stores may be over-stating the extent and impact of theft. Why? It’s

By Jordan Valinsky, CNN New York (CNN) — The Anti-Defamation League sent an open letter to more than 200 colleges and universities Wednesday, urging administrators to investigate campus chapters of Students for Justice in Palestine for allegedly supporting Hamas. The letter, written in conjunction Brandeis Center, a Jewish human rights legal advocacy group, said that

By Matt Egan, CNN New York (CNN) — Hedge fund billionaire Leon Cooperman is blasting college students for protesting against Israel, joining a growing list of powerful university donors to speak out on the issue. “These kids in college have sh*t for brains,” Cooperman told CNN in a phone interview. “They don’t understand that Israel is the

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The United Auto Workers union is getting close to tentative labor deals with both General Motors and Stellantis, according to three sources familiar with negotiations. If deals with the two automakers are reached, it would be the beginning of the end of America’s longest

By Vanessa Yurkevich, CNN (CNN) — The linchpin in negotiations between the United Auto Workers and Ford came on October 11, when the union struck the Kentucky Truck Plant in Louisville, according to a source with knowledge of the situation. Ford had been put on notice, according to the UAW. On Wednesday, after 41 days on

By Chris Isidore and Peter Valdes-Dapena, CNN New York (CNN) — General Motors announced Thursday that it is putting the brakes on its driverless cars, halting a service that provides driverless rides in multiple cities. The move comes days after California revoked GM’s permits to test and operate fully driverless vehicles on the state’s roads.

By Bryan Mena, CNN Washington, DC (CNN) — Americans’ moods soured this month, largely due to a wobbly stock market. The University of Michigan’s latest consumer survey showed that sentiment declined 6% this month, according to a final reading released Friday, though sentiment is 6.5% better than it was a year ago. The survey also showed

By Krystal Hur, CNN New York (CNN) — JPMorgan Chase chief executive Jamie Dimon and his family plan to sell one million of their shares in the bank starting next year, according to a new securities filing. Dimon — who will use his stock trading plans to offload his shares — and his family currently

By Jordan Valinsky, CNN New York (CNN) — Instant ramen Cup Noodles is giving its packaging its first major makeover in 50 years — but customers might not immediately notice it. Beginning in early 2024, the cups will be made from paper rather than styrofoam, also known as polystyrene, making the packaging more environmentally friendly. The

By Elisabeth Buchwald, CNN New York (CNN) — The Federal Reserve’s preferred inflation gauge cooled slightly last month, according to data released Friday by the Commerce Department. Excluding gas and food prices, the core Personal Consumption Expenditures index rose 3.7% for the 12 months ended in September, down from the 3.8% rate seen in August.

By Anna Cooban, CNN London (CNN) — NatWest has admitted “serious failings” in its treatment of Nigel Farage, a divisive former politician and TV host whose account was closed this summer at Coutts, one of the UK bank’s subsidiaries. An independent review commissioned by the NatWest board in July found that the decision to shutter

CNN By Anna Cooban, CNN London (CNN) — NatWest has admitted “serious failings” in its treatment of Nigel Farage, a divisive former politician and TV host whose account was closed this summer at Coutts, one of the UK bank’s subsidiaries. An independent review commissioned by the NatWest board in July found that the decision to

By Oliver Darcy, CNN (CNN) — A new era is on the horizon for The Washington Post. The broadsheet — which surged in readership during Donald Trump’s chaotic presidency, but has since struggled to maintain that audience — is set to welcome a new chief executive and publisher in the coming weeks. Owner Jeff Bezos

By Laura He, CNN Hong Kong (CNN) — China’s giant property developer Country Garden has been declared in default on its debt after failing to make a bond repayment by a final deadline of October 18. A panel of global banks and investors said Thursday that a “failure to pay” event had occurred on that

By Brian Fung and Clare Duffy, CNN New York (CNN) — It’s been one year to the day since Elon Musk completed his purchase of Twitter for $44 billion and set the company, along with its employees and users, off on a whiplash-inducing series of twists and turns. Twelve months on, the company barely resembles

By Elisabeth Buchwald, CNN New York (CNN) — The US economy wasn’t supposed to expand this much — or even at all — after so many rate hikes. But against all odds, the economy grew at an annualized rate of almost 5% last quarter, the Commerce Department reported Thursday. That’s more than double the growth

By Diksha Madhok, CNN New Delhi (CNN) — One of India’s most revered entrepreneurs believes that young people need to put in exceptionally long hours at work if they want to see the country become a global economic powerhouse. N.R. Narayana Murthy, co-founder of the software behemoth Infosys, said India needs “highly determined, extremely disciplined

By Peter Valdes-Dapena, CNN (CNN) — Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla. This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP. BP will begin installing the chargers next year, but no specific number

By Danielle Wiener-Bronner, CNN New York (CNN) — Chipotle, which just announced price hikes, said it will likely charge even more at its California restaurants, blaming a new law that raises minimum wages for fast food (and fast casual) workers in the state. “We haven’t made a decision on exactly what level of pricing we’re going