Money

By Ramishah Maruf, CNN New York (CNN) — Delta CEO Ed Bastian said the company probably went “too far” in its controversial changes to the SkyMiles loyalty program and said there are plans for modifications. “We need to make certain that we can serve our higher tiers with the level of premium experience that you

By Brian Fung, CNN (CNN) — The White House plans to introduce a highly anticipated executive order in the coming weeks dealing with artificial intelligence, President Joe Biden said Wednesday. “This fall, I’m going to take executive action, and my administration is going to continue to work with bipartisan legislation,” Biden said, “so America leads

By Ramishah Maruf, CNN New York (CNN) — PlayStation boss Jim Ryan is stepping down from the company, Sony announced Wednesday. The Sony Interactive Entertainment President and CEO will be retiring in March 2024 after 30 years in the PlayStation business. Sony Group Corporation president, COO and CFO Hiroki Totoki will assume the role of

By Matt Egan, CNN New York (CNN) — US oil prices topped $94 a barrel on Wednesday for the first time in over a year, threatening to push up prices at the pump and inflation across the economy. The latest gains came after federal data showed crude inventories fell by more than expected last week.

By Jennifer Korn, CNN New York (CNN) — Meta is moving forward in its efforts to dominate the AR world with the new and improved Meta Quest 3. Unveiled by CEO Mark Zuckerberg at the company’s virtual Meta Connect event Wednesday, the headset starts at $500 and is a complete redesign of earlier models. The

By Peter Valdes-Dapena, CNN Business (CNN) — Owners of about 3.3 million Hyundai and Kia cars and SUVs in the United States should avoid parking in or near structures because the vehicles could suddenly catch fire – whether they’re being driven or not, according to an announcement Wednesday from the National Highway Traffic Safety Administration.

By Jeanne Sahadi, CNN New York (CNN) — Women have made huge strides in business, ascending to the C-suite and the boardroom in record numbers. But they are still very far from achieving parity with men in securing top corporate jobs in the United States. Women make up half the US population. But they only

By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — The United Auto Workers union is preparing to announce a possible expansion of its strike against General Motors, Stellantis and maybe Ford this Friday if there isn’t more progress in talks, a union source familiar with plans said Wednesday. UAW President Shawn Fain is set

By Chris Isidore, CNN New York (CNN) — Donald Trump arrives in Michigan Wednesday with a lot more support among blue collar union members than a lot of Republican presidential candidates before him. But his record as president is decidedly anti-union. “I want a future that protects American labor, not foreign labor,” he said at

CNN By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations is the latest signal that retailers may be struggling in their battle to contain a growing and dangerous problem. Industry experts say even a small increase in crime

By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations, is the latest signal that retailers may be struggling in their battle to contain a growing and dangerous problem. Industry experts say even a small increase in crime can

By Matt Egan, CNN Business New York (CNN Business) — America’s emergency oil stockpile has plunged to 40-year lows. The shrinking Strategic Petroleum Reserve is limiting Washington’s ability to shield consumers from the fallout of Saudi Arabia’s aggressive supply cuts, according to Goldman Sachs. “At this point, US energy policy has fewer bullets left. It

By Tom Foster (CNN) — Californian EV-maker Lucid has opened the first ever car manufacturing plant in Saudi Arabia, as the kingdom looks to establish itself as a global player in the EV race. Lucid officially opened the plant in King Abdullah Economic City, near Jeddah, on Wednesday. The factory — the company’s first international

By Jordan Valinsky, CNN New York (CNN) — Not even bottled ketchup is immune from the excitement of the possible romance between Taylor Swift and Travis Kelce. Heinz is releasing a limited edition “Ketchup and Seemingly Ranch” sauce in celebration of the two, with its origins being extremely online. On Sunday, Swift made an appearance

By Catherine Thorbecke, CNN (CNN) — X, the social media company formerly known as Twitter, has scrapped a feature that lets users self-report political misinformation on the platform, a research group says, marking the latest safety-focused guardrail that X has rolled back since billionaire Elon Musk took the helm. The move was first spotted by

By Claudia Colliva, Chris Liakos and Olesya Dmitracova, CNN Paris/London (CNN) — Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. The savings for motorists at the pump? $1 to $2 per tank. “From September

By Aimee Look, CNN Abu Dhabi, UAE (CNN) — Dubai is rolling out its first round of robotaxis next month, as a part of a plan to alleviate congestion and accidents. Five fully autonomous electric taxis, operated by a General Motors subsidiary called Cruise, will begin test driving on an 8km (5 mile) stretch in

By Jeanne Sahadi, CNN New York (CNN) — Gen Xers are now in their 40s and 50s and account for about a fifth of the US population. As the next generation in line to retire behind the Baby Boomers, their experience may be a cautionary tale for those coming up behind them. A recent report

By Anna Cooban, CNN London (CNN) — London’s office market has plunged into a “rental recession,” with the share of empty space hitting its highest level in three decades, investment bank Jefferies said in a note Wednesday. The New York-based firm said vacancies in the City of London, the UK capital’s historic financial district, accounted

By Hanna Ziady, CNN London (CNN) — Shares of UBS plunged Wednesday following a Bloomberg report that the Swiss bank faces a widening probe by the US Department of Justice (DOJ) over suspected compliance failures that allowed Russian clients to evade sanctions. The Swiss Stock Exchange said it had temporarily stopped trade in the stock,