Money

By Paul R. La Monica and Krystal Hur, CNN New York (CNN) — Billionaire investor Charlie Munger, the long-time friend and business partner of Warren Buffett, has died. He was 99 years old. Berkshire Hathaway, the investment firm where Munger served as vice chairman, said in a press release that Munger passed “peacefully” on Tuesday

By Oliver Darcy, CNN (CNN) — Rupert Murdoch is set to be deposed on Tuesday in voting technology company Smartmatic’s mammoth $2.7 billion election defamation lawsuit against Fox News, a person familiar with the matter told CNN. The deposition of the right-wing media mogul, which was first reported by Reuters, is set to take place in Los Angeles. Murdoch founded Fox

By Brian Fung, CNN Washington (CNN) — A federal judge will not block the US government from expanding a landmark $5 billion privacy settlement with Instagram-parent Meta, paving the way for the Federal Trade Commission to propose tough new rules on how the social media giant can monetize user data. The decision Monday by District

By Matt Egan, CNN New York (CNN) — The presidents of Harvard University, MIT and the University of Pennsylvania are scheduled to testify before Congress next week at a hearing on antisemitism on campus, lawmakers announced Tuesday. The hearing, set for December 5, will be held by the House Committee on Education and the Workforce. It comes

By Hanna Ziady, CNN London (CNN) — Elon Musk has notched a victory against Swedish workers as a court ruled that Tesla can collect license plates for its cars from the country’s transport authority after postal workers refused to deliver them. In an interim judgement Monday seen by CNN, the district court in the city

By Anna Bahney, CNN Washington, DC (CNN) — US home prices continued to rise in September, hitting a new record high and marking the eighth consecutive month of increases, according to data released Tuesday. Even as mortgage rates lingered above 7% in September, historically low inventory continued to push up the price of a home.

By Elisabeth Buchwald, CNN New York (CNN) — How many people are on your holiday shopping list this year? Are you going to splurge or bargain hunt? Will you spend within your means or take on debt? A lot of attention is currently being given to those kinds of questions, since they can provide economists

By Matt Egan, CNN New York (CNN) — In a gift to American shoppers this holiday season, gasoline prices have dropped for 61 consecutive days after getting dangerously close to $4 a gallon in September. The average price for a gallon of regular gas stood at $3.25 a gallon on Tuesday, according to AAA. That’s

Analysis by Hanna Ziady, CNN London (CNN) — “All the rich can afford a new car,” an elderly British woman commented at a recent protest in London against plans to expand a toll on older, polluting vehicles to outer suburbs of the city. “It’s affecting so many poor people… Everybody wants clean air but it’s

CNN By Nicole Goodkind, CNN New York (CNN) — WeightWatchers is betting that diet culture is over. Welcome to the age of Ozempic. Diet drugs have upended the weight loss business. The number of Americans taking semaglutide medication has increased 40-fold over the past five years, a contrast from decades of diet and exercise advice

By Nicole Goodkind, CNN New York (CNN) — WeightWatchers is betting that diet culture is over. Welcome to the age of Ozempic. Diet drugs have upended the weight loss business. The number of Americans taking semaglutide medication has increased 40-fold over the past five years, a contrast from decades of diet and exercise advice on

By Jeanne Sahadi, CNN New York (CNN) — Layoffs are never welcome news to employees. But they bring an extra bite when they are carried out during the holiday season. Even if they are just signaled as coming in the next few months, the mere concern that you could be let go puts a real

By Ramishah Maruf, CNN New York (CNN) — Columbia University senior Yusuf Hafez was in class in late October when his friend alerted him that his photograph was being shown around the university on a truck under a banner that proclaimed he was among “Columbia’s Leading Antisemites,” according to a recent lawsuit. The conservative nonprofit, Accuracy

By Laura He, CNN Hong Kong (CNN) — The world’s second largest economy is undergoing a major transformation and is looking for new drivers of growth, according to China’s central bank governor. “China is experiencing a transition in its economic model,” Pan Gongsheng, the governor of the People’s Bank of China, told a group of

By Michelle Toh, CNN Hong Kong (CNN) — ByteDance, the Chinese tech giant behind TikTok, is pulling back from video gaming in a shift that will result in hundreds of job cuts. The Beijing-based company will wind down Nuverse, the unit that houses its video game studios, next month in an attempt to focus on

By Oliver Darcy, CNN (CNN) — The exodus from X is bleeding beyond just major advertisers. In recent days, a number of prominent media brands have not only paused their paid marketing campaigns on the embattled Elon Musk-owned social platform, but have ceased posting on it altogether, going silent on the once essential site that sought to be

By Liam Reilly, CNN (CNN) — Sports Illustrated on Monday said it had deleted several articles from its website after a report found the once-celebrated legacy magazine had published the pieces under fake author names and profile images generated by artificial intelligence. The report, which was published by Futurism, found that the magazine had repeatedly published articles whose authors could not be found online outside the Sports Illustrated website. The articles were all

By Matt Egan, CNN New York (CNN) — Enticed by deep discounts, Americans are expected to celebrate Cyber Monday by spending a record-setting $12 billion online shopping. Black Friday sales were strong –- especially online –- providing the latest evidence of resilient consumer spending in the face of a host of challenges. Despite elevated borrowing

By Jennifer Korn, CNN (CNN) — That Google account you haven’t checked in years might be getting wiped this week. Beginning Friday, Google is moving ahead with its plan to delete accounts that have been inactive for at least two years. The company announced the new policy back in May, saying it’s intended to prevent