Money

By Olesya Dmitracova, CNN London (CNN) — Facebook parent Meta has been accused of breaking Europe’s new digital competition rules over its “pay or consent” advertising model. Late last year, Meta (META) launched a service called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free

By Hanna Ziady, CNN London (CNN) — French stocks and the euro rallied Monday after results from the first round of elections suggested the far right will inflict a heavy defeat on President Emmanuel Macron but fall short of winning an outright majority in parliament. France’s CAC 40 index, which represents 40 of the biggest

By Laura He, CNN Hong Kong (CNN) — Factory activity among China’s private firms expanded at the fastest pace in three years, a private gauge showed Monday, suggesting healthier domestic and international demand for Chinese goods. This contrasts with the results of an official government survey Sunday that showed a contraction among larger, state-owned manufacturers,

By Samantha Delouya, CNN (CNN) — Last year, when Jennifer Hernandez received notice that the mortgage payments on her Houston home would jump about $2,000 per month, she was stunned. Hernandez refinanced her home loan in 2016 using an adjustable-rate mortgage loan, which has a low introductory rate for a fixed initial period. Unlike the

By David Goldman and Chris Isidore, CNN New York (CNN) — Boeing has agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation. The all-stock deal, that values the supplier at $4.7 billion, or $37.25 per share, was

By Hilary Whiteman, CNN Brisbane, Australia (CNN) — Buying a vape just got harder in Australia with the introduction of some of the world’s toughest anti-vaping laws that limit the sale of vapes with nicotine to pharmacies. From Monday, users will need to present a doctor’s prescription to a pharmacist to buy vapes, and the

By David Goldman, CNN (CNN) — The US Justice Department is nearing an agreement with Boeing that would include a corporate monitor and a fine in exchange for a guilty plea to criminal charges, according to lawyers representing the families of victims of two fatal 737 Max crashes, who harshly rebuked the offer as a

By Eva Rothenberg, CNN New York (CNN) — “Inside Out 2” has become the fastest-ever animated film to surpass $1 billion globally, shooting past the box office milestone this weekend, just 19 days after its release. “We’re absolutely thrilled to have reached this phenomenal milestone in record time, and it once again proves that global

By Erika Tulfo, CNN (CNN) — Americans binged on grills during the pandemic, but the barbecue industry now faces a number of threats, including high meat prices and interest rates on top of economic uncertainty. Many feel no need to upgrade fairly recent purchases. Market leaders like higher-end grill manufacturer Traeger, once a pandemic darling,

By Eva Rothenberg, CNN New York (CNN) — Labor negotiations between WestJet, Canada’s second-largest airline, and the Aircraft Mechanics Fraternal Association remain at a standstill after the union called a surprise strike last week, forcing more than 400 flight cancellations and delays over the weekend. The union, which represents nearly 700 aircraft engineers and technicians,

CNN By Samantha Delouya, CNN (CNN) — As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate. Workers across the US automotive industry told CNN that the software blackout, which the company said was caused

By Samantha Delouya, CNN (CNN) — As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate. Workers across the US automotive industry told CNN that the software blackout, which the company said was caused by

Story by Jessie Yeung, CNNPhotos by Noemi Cassanelli, CNN Mumbai, India (CNN) — When Masoom Ali Shaikh arrived in Mumbai in 1974 as a young man from northern India, the patch of land where he set up shop was “just a creek with no proper road and garbage all around,” he said. Fifty years later,

By Eva Rothenberg, CNN New York (CNN) — Tractor Supply Company has eliminated its diversity, equity and inclusion initiatives as part of what the retail chain says is a push to distance itself from “nonbusiness activities” after conservative backlash from some of its customer base. In a news release Thursday, Tractor Supply, which advertises itself

By Elise Hammond and Danielle Wiener-Bronner, CNN New York (CNN) — Every Fourth of July, starting when she was 15, Jacqueline Lewis and her family come together to honor a great American tradition: the Nathan’s Famous hot dog eating competition. “I think people want to know how many hot dogs a human can eat in

By Parija Kavilanz, CNN New York (CNN) — Lego’s fanbase, which famously cuts across kids, teenagers and grownup collectors, is seeing some unsavory characters break into the mix, and for all the wrong reasons. Lego products, especially the pricier sets that range from over $100 to $1,000 or more, are being targeted for theft both

CNN By Samantha Murphy Kelly, CNN (CNN) — A group of major record labels is suing two AI startups, alleging they wrongfully used popular artists’ work to train their systems to produce copyrighted music without their consent. The Recording Industry Association of America – the trade group on behalf of labels including Sony Music Entertainment,

By Alicia Wallace, CNN (CNN) — Politics typically comes with plenty of spin. Even something seemingly unyielding or absolute like a number can get squished and twisted like putty. As such, flashy economic data points extolled by candidates always come with plenty of asterisks, caveats and “yes, buts.” In this election cycle, those qualifiers have

By Chris Isidore, CNN New York (CNN) — Criminal charges against a corporation, like the ones the Justice Department is considering bringing against Boeing, would be a serious blow, worsening the company’s already precarious financial situation and further damaging its battered reputation. But it wouldn’t necessarily result in past or current executives facing prison time.