Money

By Laura He, CNN Hong Kong (CNN) — Chinese banks are reportedly scrambling to bail out one of the country’s biggest property developers after its credit rating was downgraded to “junk” status by Moody’s on Monday. Beijing has been struggling to restore confidence in the country’s ailing real estate industry and appears to be working

CNN By Parija Kavilanz, CNN New York (CNN) — Tweens are obsessed with skincare. Their curiosity for all kinds of creams, gels, face masks and facial peels has even earned them a viral moniker: “Sephora Kids.” “The Sephora Kid trend is a real phenomenon,” said Dr. Lauren Penzi, a New York-based dermatologist. And skincare experts

By Parija Kavilanz, CNN New York (CNN) — Tweens are obsessed with skincare. Their curiosity for all kinds of creams, gels, face masks and facial peels has even earned them a viral moniker: “Sephora Kids.” “The Sephora Kid trend is a real phenomenon,” said Dr. Lauren Penzi, a New York-based dermatologist. And skincare experts are

By Peter Valdes-Dapena, CNN (CNN) — The Insurance Institute for Highway Safety, which rates cars and SUVs for safety, examined so-called advanced driver assistance systems such as Tesla Autopilot and found them wanting. These systems combine different sensors and technologies to help a driver keep their vehicle in its lane and avoid hitting other vehicles

By Clare Duffy, CNN New York (CNN) — OpenAI in a court filing Monday said it was doing just fine without Elon Musk after he left the company in 2018 — and now Musk wants to claim all OpenAI‘s enormous success over the past six years for himself. OpenAI came out swinging in a new legal

By Matt Egan, CNN New York (CNN) — The president and board chairs of Columbia University have agreed to testify next month at a Congressional hearing on campus antisemitism. The House Education and Workforce Committee announced Monday it will hold a hearing on April 17 featuring Columbia President Minouche Shafik and the two co-chairs of

By Marshall Cohen, CNN (CNN) — An alleged bribery scheme in the Philippines has thrown a potential lifeline to Fox News and other right-wing media outlets that are battling massive defamation lawsuits from the voting technology company Smartmatic for their promotion of 2020 election lies. The overseas scandal washed ashore last year when the Justice Department charged the Philippines’ former election commissioner

By Clare Duffy, CNN New York (CNN) — Reddit on Monday said it expects to price shares between $31 and $34 each when it makes its long-anticipated initial public offering, which will make it the first social media company to go public in years. The announcement gives potential investors — including some Reddit users —

By Liam Reilly, CNN (CNN) — Deadspin, the irreverent sports and news site best known for its commentary and analysis, laid off all of its staff on Monday after the outlet was sold to a startup firm. In a memo to staffers, Jim Spanfeller — the chief executive of G/O Media, Deadspin’s parent company prior to the sale — wrote that

By Brian Fung and Samantha Murphy Kelly, CNN (CNN) — An edited photograph of Catherine, Princess of Wales, and her family that several news agencies have since pulled for evidence of manipulation raises a thorny question: In an age when digital editing tools are more widespread and easier than ever to use, what even is

By Matt Egan, CNN New York (CNN) — Facebook once again finds itself in the crosshairs of former President Donald Trump. And that’s making some traders on Wall Street nervous. Meta Platforms (META), the owner of Facebook and one of the stars of the recent market rally, fell about 4% on Monday after Trump called

By Clare Duffy, CNN New York (CNN) — The always-online generation may be starting to unplug a bit. Around 40% of teenagers say they have cut back on their time on social media, according to a report published Monday by the Pew Research Center. Nearly the same proportion of teens acknowledge that they spend “too

By Catherine Thorbecke, CNN New York (CNN) — Airbnb is banning the use of indoor security cameras in listings globally, the short-term rental platform announced Monday. Previously, Airbnb (ABNB) allowed hosts to have indoor security cameras in common areas as long as the devices were clearly disclosed on the listing page and placed in visible

By Peter Valdes-Dapena, CNN (CNN) — Porsche today introduced the most powerful production, or mass-produced, car it has ever made. The electric 1,093-horsepower Taycan Turbo GT, coming to market this summer, has already set two race track speed record for an electric car. It even beat one set by a Tesla Model S by a gigantic 18 seconds. High horsepower

By Hanna Ziady, CNN London (CNN) — The prices of vinyl records will feed into UK inflation statistics for the first time since 1992, highlighting a surge in their popularity among British consumers driven in part by Taylor Swift. The Office for National Statistics published its annual update Monday to the basket of more than

By Jordan Valinsky, CNN New York (CNN) — WWE and Logan Paul’s Prime have struck a “record-setting” deal to feature the sports drink as the first-ever brand logo to appear in the center of the wrestling mat. Prime’s pact, which is the largest deal that WWE has ever struck with a sponsor, also makes the

By Chris Isidore, CNN New York (CNN) — If you want to find the most new union members, don’t go to a Starbucks or an Amazon warehouse, despite the high profile organizing wins unions have achieved with those employers in recent years. Head to college and university campuses. The Dartmouth College men’s basketball team achieved

By Tami Luhby, CNN (CNN) — Hearing that big corporations are raking in hefty profits frustrates Nick Rosolino. As the owners of a small cleaning business in rural Maine, Rosolino and his wife are finding it increasingly difficult to break even after the prices for the products they use soared in recent years. While supply

By Matt Egan, CNN New York (CNN) — Prices at the pump are rising fast — and it’s not even spring. After bottoming at $3.07 a gallon in mid-January, the national average climbed to $3.40 a gallon on Friday, according to AAA. That’s a four-month high. The speedy price increase threatens to unwind progress on