Money

By Jordan Valinsky, CNN Business New York (CNN) — American Airlines said that rising costs, including fuel, will dent its upcoming profits. The Forth Worth-based carrier said in a regulatory filing that its adjusted earnings per share will now be between 20 cents to 30 cents in the third quarter, which is drastically smaller than

By Samantha Murphy Kelly, CNN (CNN) — Apple retired its Lightning charger on Tuesday exactly 11 years to the day it was first announced. The effort marks a milestone moment for the company by finally adopting USB-C, a universal charging system. That’s noteworthy not only because Apple has been resistant to do so for years

By Bryan Mena, CNN Washington, DC (CNN) — US inflation accelerated in August for the second-straight month, pushed up by rising gas prices. However, core inflation, which strips out volatile food and energy prices, continued to slow, according to data from the Bureau of Labor Statistics released Wednesday. The Consumer Price Index, a closely watched

By Anna Cooban, CNN London (CNN) — German shoemaker Birkenstock has filed for an initial public offering in New York, becoming the latest European company to choose the United States as the place to raise money on the stock market. The iconic footwear brand said in a filing to the US Securities and Exchange Commission

By Chris Isidore, CNN Kokomo, Indiana (CNN) — Normally a new, $2.5 billion factory, complete with 1,400 expected jobs, would be considered a good thing for a local economy. But not the battery plant in Kokomo, Indiana. “It’s a spit in the face,” said Gary Quirk, president of United Auto Workers Local 685. That’s because

By Brian Fung, CNN Washington (CNN) — Coming out of a three-hour Senate hearing on artificial intelligence, Elon Musk, the head of a handful of tech companies, summarized the grave risks of AI. “There’s some chance – above zero – that AI will kill us all. I think it’s low but there’s some chance,” Musk

By Mengchen Zhang and Donald Judd, CNN Beijing/Washington (CNN) — China hasn’t issued any laws or rules to ban the use of iPhones or any other foreign phone brand, a Chinese government spokesperson said on Wednesday. “We have always been open to foreign companies and welcome them to seize the opportunities and share the fruits

By James Frater and Mark Thompson, CNN Brussels/London (CNN) — The European Union is launching an investigation into China’s state support for makers of electric vehicles as soaring imports of their cars stoke fears for the future of European auto manufacturers. Speaking to the European Parliament Wednesday, European Commission President Ursula von der Leyen said

By Laura He, CNN Hong Kong (CNN) — Wang Bin, the former chairman of one of China’s biggest life insurers, will spend the rest of his life in jail after a court found him guilty of corruption. Wang, 64, was given a death sentence, suspended for two years, at the end of which he will

By Oliver Darcy, CNN (CNN) — Christiane Amanpour still remembers her humble beginnings at CNN. Forty years ago, before she was hired by what was then a groundbreaking news startup, she was an electronics graphics operator at a local NBC affiliate, responsible for the various elements that appear on-air during broadcasts. When she arrived in

CNN By Oliver Darcy, CNN (CNN) — Christiane Amanpour still remembers her humble beginnings at CNN. Forty years ago, before she was hired by what was then a groundbreaking news startup, she was an electronics graphics operator at a local NBC affiliate, responsible for the various elements that appear on-air during broadcasts. When she arrived

CNN By Paul Glader, CNN (CNN) — “You’ll never be successful,” Errol Musk in 1989 told his 17-year-old son Elon, who was then preparing to fly from South Africa to Canada to find relatives and a college education. That’s one of the scenes Walter Isaacson paints in his 670-page biography of Elon Musk, who is

By Oliver Darcy, CNN (CNN) — The White House sent a letter to top US news executives on Wednesday, urging them to intensify their scrutiny of House Republicans after Speaker Kevin McCarthy launched an impeachment inquiry into President Joe Biden, despite having found no evidence of a crime. “It’s time for the media to ramp

CNN By Oliver Darcy, CNN (CNN) — The White House plans to send a letter to top US news executives on Wednesday, urging them to intensify their scrutiny of House Republicans after Speaker Kevin McCarthy launched an impeachment inquiry into President Joe Biden, despite having found no evidence of a crime. “It’s time for the

By Jordan Valinsky, CNN New York (CNN) — Dunkin’ is elevating the pumpkin drink wars with, what else, donuts. Beginning Wednesday, its newest fall drink combines Munchkin pumpkin-flavored donuts mixed with frozen coffee and topped with whipped cream and caramel drizzle, marking the chain’s first time it has added donuts directly to its beverage lineup.

CNN By Samantha Murphy Kelly and Clare Duffy, CNN (CNN) — Apple unveiled its iPhone 15 lineup along with other major updates during its September keynote event on Tuesday. The company announced it will switch to USB-C charging from its proprietary Lightning charging cable with the iPhone 15, marking a milestone for the company by

By Oliver Darcy and Liam Reilly, CNN (CNN) — New York City’s pension funds and the state of Oregon took legal action on Tuesday against Fox Corporation, alleging in a lawsuit that the Fox News parent company failed shareholders by allowing the right-wing channel to recklessly spread lies about the 2020 election that opened it

By Samantha Delouya, CNN (CNN) — Former National Football League reporter Jim Trotter filed a discrimination lawsuit against the NFL and NFL Media Tuesday, alleging that he was let go by the football league because he publicly challenged Commissioner Roger Goodell and other executives on the NFL’s “record of race discrimination and lack of diversity.”

By Nicole Goodkind, CNN New York (CNN) — BP CEO Bernard Looney has resigned after admitting that he had not been “fully transparent” about “historical relationships with colleagues,” according to a statement from the oil giant on Tuesday. Murray Auchincloss, the company’s CFO, will act as CEO on an interim basis. “In May 2022, the