Money

By Brian Fung, CNN Washington (CNN) — The European Union is looking into Microsoft’s partnership with OpenAI and whether it may warrant a formal merger investigation, EU officials said Tuesday. The announcement highlights growing scrutiny of OpenAI, one of the most influential companies in the artificial intelligence industry, after a high-profile leadership crisis last year resulted in

CNN By Catherine Thorbecke, CNN New York (CNN) — Executives at Boeing are hosting an all-hands safety meeting with staffers on Tuesday, just days after a harrowing inflight blowout on a 737 Max 9 jet shortly after takeoff that led to a grounding of certain Boeing aircraft. The company-wide “Safety Webcast” will be hosted by

By Matt Egan, CNN New York (CNN) — The American oil industry is on high alert for an escalation of the violence in the Middle East that disrupts the flow of oil out of the region. Mike Sommers, CEO of the American Petroleum Institute, worries there is a growing chance the crisis will intensify and

By Catherine Thorbecke, CNN New York (CNN) — Boeing CEO David Calhoun acknowledged the company’s “mistake” in the wake of the Alaska Airlines incident at a staff-wide “safety meeting” Tuesday. “We’re going to approach this number one acknowledging our mistake,” Calhoun told staff, according to a video of the meeting provided to CNN by Boeing.

By Diksha Madhok, CNN New Delhi (CNN) — Starbucks plans to operate 1,000 stores in India by 2028, opening the equivalent of one new location every three days for the next four years, as demand for coffee burgeons in the world’s fastest-growing major economy. To achieve its target, the company will focus on opening coffee

By Juliana Liu and Wayne Chang, CNN Hong Kong/Taipei (CNN) — Chinese leader Xi Jinping has vowed to go after “flies and ants” as part of an intensifying anti-corruption campaign that will target industries such as finance, energy and infrastructure. China will tackle “hidden risks” and increase the punishment for people who offer bribes, Xi was quoted

By Oliver Darcy, CNN (CNN) — News organizations seldomly see their reporting publicly called into question by their parent companies. But that rare and embarrassing scrutiny is precisely what German publishing powerhouse Axel Springer has treated its financial-focused US outlet, Business Insider, to. The dust up comes as Business Insider takes fire from billionaire Bill Ackman for publishing a pair of stories

By Ramishah Maruf, CNN New York (CNN) — JetBlue CEO Robin Hayes is stepping down from his role and will be replaced by the airline’s president and COO in February, according to an announcement Monday. On February 12, Joanna Geraghty will take over as CEO and will join the company’s board. She’s worked at JetBlue

By Brian Fung, CNN Washington (CNN) — Millions of Americans risk losing internet access or may face higher internet prices by as early as April if Congress does not quickly approve more funding for a popular federal aid program, the Federal Communications Commission warned on Monday. In a letter to US lawmakers obtained by CNN,

By Anna Bahney, CNN Washington, DC (CNN) — More office space is currently sitting empty in the United States than at any point since 1979, said Moody’s Analytics, which began tracking office leasing vacancies that year. The surplus of office space is mainly due to the massive shift in how employees show up for their

CNN By Parija Kavilanz and Ramishah Maruf, CNN New York (CNN) — Tiger Woods has broken up with Nike after a protracted 27-year collaboration with the world’s largest sportwear company, the golf legend announced on Monday. “Over 27 years ago, I was fortunate to start a partnership with one of the most iconic brands in

By Jeanne Sahadi, CNN New York (CNN) — If you like to file your taxes early, the IRS said on Monday it will begin accepting and processing 2023 federal income tax returns starting on Monday, January 29. If you’re not an early bird, be sure to file your return and pay any remaining taxes owed

By Anna Bahney, CNN Washington, DC (CNN) — The president of the embattled National Association of Realtors, Tracy Kasper, announced on Monday she would step down, alleging blackmail, according to a statement from the association. Kasper — who has led the nation’s largest professional trade organization, with 1.5 million members, since August when she took

By Jordan Valinsky, CNN New York (CNN) — Pat McAfee, the ESPN host currently embroiled in a feud with an executive for alleged “sabotage,” said Monday that his relationship with the network is “strong” and that he doesn’t regret any of his comments. On Friday’s broadcast of “The Pat McAfee Show,” the former NFL punter said ESPN

By Clare Duffy, CNN New York (CNN) — OpenAI on Monday pushed back against a lawsuit filed last month by The New York Times alleging that the artificial intelligence juggernaut violated copyright law by using Times journalism to train its systems, calling the suit “without merit.” “The New York Times is not telling the full

By Anna Cooban, CNN London (CNN) — Shares in Saudi Arabia’s MBC Group, one of the Middle East’s biggest media companies, soared 30% on their market debut Monday. The stock traded at 32.5 riyals ($8.67) apiece on the kingdom’s Tadawul stock exchange, up from their listing price of 25 riyals ($6.67) and valuing the TV

By Parija Kavilanz and Ramishah Maruf, CNN New York (CNN) — Tiger Woods has broken up with Nike after a protracted 27-year collaboration with the world’s largest sportwear company, the golf legend announced on Monday. “Over 27 years ago, I was fortunate to start a partnership with one of the most iconic brands in the

By Samantha Delouya and Lauren del Valle, CNN (CNN) — The fourth round of documents from a lawsuit connected to Jeffrey Epstein, the disgraced financier and convicted pedophile who died in jail before he could face trial on federal sex-trafficking charges, were publicly released Monday morning. The latest release of 17 unsealed documents follows thousands of pages already unsealed last

By Alicia Wallace, CNN New York (CNN) — US consumers did not rein in their spending this past holiday season, and now have near-record-breaking debt balances to show for it, according to new Federal Reserve data released Monday. Consumer borrowing spiked by $23.75 billion in November, more than doubling economists’ expectations for a $9 billion

By Catherine Thorbecke, CNN New York (CNN) — Apple said Monday that its Vision Pro mixed reality headset will be available for purchase in the United States beginning on February 2, with pre-orders beginning on January 19. The Vision Pro headset, Apples’ riskiest and most ambitious new hardware offering in years, is also one of