Money

By Chris Isidore, CNN New York (CNN) — Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Five months ago, a Delaware judge threw out the largest pay package in history, then worth more than $50 billion, that Telsa’s very friendly board had given

By Eva Rothenberg, CNN New York (CNN) — Car manufacturer Stellantis is recalling 211,581 SUVs and pickup trucks over a software malfunction that could cause their electronic stability control systems to fail. The company said the issue stems from a defective anti-lock breaking system, which in turn deactivates the stability control system. The system is

By Nicole Goodkind, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. How do we know if the economy is in decline?

By Clare Duffy, CNN New York (CNN) — Apple hasn’t given users a significant reason to buy an upgraded iPhone for four years, since it rolled out 5G connectivity with the iPhone 12 — a worrying trend for the tech giant’s core business. That could change this week. The iPhone brought in more than half

By Samantha Murphy Kelly, CNN (CNN) — Apple is on the verge of kicking off perhaps its most important event in years as it faces a gauntlet of challenges. At its annual Worldwide Developers Conference starting Monday, the company is widely expected to announce a partnership with ChatGPT maker OpenAI and unveil the first batch

By Peter Valdes-Dapena, CNN (CNN) — Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. An electric Genesis GV60 was all they had available at a location in Kansas City, Kansas. Wu received no specific instructions on how to use the vehicle, or how to find chargers,

By Nathaniel Meyersohn, CNN New York (CNN) — Communities around the country are losing cheddar bay biscuits and all-you-can-eat seafood deals as troubled Red Lobster closes around 100 US restaurants, with up to 135 more closures looming. But Red Lobster’s decline is particularly a loss for many Black diners, who formed a loyal base for

By Samantha Delouya, CNN (CNN) — A US federal judge ruled on Friday that an antitrust lawsuit brought by the US government against Google will be decided by a judge and not a jury after Google wrote the government a check, paying back the full amount of monetary damages the lawsuit sought. The case regarding

By Krystal Hur, CNN New York (CNN) — Keith Gill is back. The famed meme stock icon, also known as “Roaring Kitty,” made a long-awaited appearance on a livestream on his YouTube channel Friday. Sporting long hair, a thick bandage wrapped around his head, gaudy white sunglasses, a sling and a beer, Gill livestreamed against

By Sean Lyngaas, CNN Washington (CNN) — A bipartisan pair of senators is accusing a major health care firm that suffered a crippling cyberattack in February of not complying with federal law that requires patients be notified when their data is stolen. In a letter sent to UnitedHealth Group CEO Andrew Witty this week, New Hampshire

By Parija Kavilanz, CNN New York (CNN) — Adults bought more toys for themselves than for any other age group last quarter for the first time ever, surpassing toys for even the historically-dominant preschooler market. Consumers 18 years of age and up spent $1.5 billion in toy-related purchases in the period from January through April,

By Peter Valdes-Dapena, CNN (CNN) — Kia is warning owners of almost 463,000 of its popular Telluride SUVs in the United States to keep them parked outside and away from buildings because the front seats could start burning. Seat control switches on the front power seats of the SUVs can become misaligned and stuck if

By Jordan Valinsky, CNN New York (CNN) — Friday marks the last day of Melinda French Gates’ more than two-decade run as the co-chair of the Bill & Melinda Gates Foundation she ran with her ex-husband. “I’m holding a complicated mix of emotions today,” she wrote in a letter to staff posted on her X

By Alicia Wallace, CNN (CNN) — At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state of the economy, Friday’s jobs report was much more opaque than everyone had hoped. While “it’s hard not to like a lot of jobs,” as economist Dean Baker told CNN, other contents of the May jobs report add to the

By Jordan Valinsky and Emily Smith, CNN New York (CNN) — It’s National Doughnut Day, and there are a ton of sweet deals. For businesses, it’s an easy way to cash in. Fast food historically has been a low-profit business with little customer loyalty. So, chains unveil big giveaways, typically tied to their mobile apps,

By Issy Ronald, CNN London (CNN) — IKEA has put a new spin on remote working, seeking 10 real-life staff to work in its Roblox virtual store that opens on June 24 and becoming the first brand to offer paid work on the gaming platform. “This is not the typical IKEA job,” the Swedish flatpack

By Wayne Chang, Will Ripley and John Mees, CNN Taipei, Taiwan (CNN) — When Nvidia surpassed Apple this week to become America’s second most valuable company, its CEO Jensen Huang was being feted like a rockstar in his birthplace Taiwan. Wearing his signature black leather jacket, Huang spoke Sunday at a packed stadium in the

CNN By Wayne Chang, Will Ripley and John Mees, CNN Taipei, Taiwan (CNN) — When Nvidia surpassed Apple this week to become America’s second most valuable company, its CEO Jensen Huang was being feted like a rockstar in his birthplace Taiwan. Wearing his signature black leather jacket, Huang spoke Sunday at a packed stadium in

By Matt Egan, CNN (CNN) — Federal regulators are planning to use a rarely enforced law from the Great Depression to allege America’s largest alcohol distributor is unfairly pricing wine and spirits, a person familiar with the matter told CNN. A looming Federal Trade Commission lawsuit against Southern Glazer’s Wine and Spirits would be aimed at lowering costs for

By Alicia Wallace, CNN (CNN) — US job growth shot much higher than expected in May, jumping to 272,000, while the nation’s jobless rate rose slightly and broke a 27-month streak of below-4% unemployment. At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state and trajectory of the