Money

By Jordan Valinsky, CNN New York (CNN) — Kim Kardashian’s private equity firm has announced its first investment: A company that makes truffle-infused sauces that sell for about $20 a bottle. SKKY Partners, the company she formed last year with a former executive at Carlyle Group, has acquired a “significant minority stake” in Truff sauces.

By Chris Isidore, CNN New York (CNN) — American Airlines’ flight attendants’ union wants permission from the government to go on strike in 30 days. But you don’t need to worry about a strike screwing up your holiday travel plans. Airline employees are covered by the Railway Labor Act. Despite its name, the RLA covers

By Alicia Wallace, CNN Arden Hills, Minnesota (CNN) — In 2023, the surge in responsible investing hit a wall. Environmental, social and governance (ESG) initiatives buckled under the pressure of economic and political forces, including efforts by congressional Republicans and conservative-led states to limit “woke” investments that prioritize “agendas and ideology.” But in America’s Heartland,

CNN By Alicia Wallace, CNN Arden Hills, Minnesota (CNN) — In 2023, the surge in responsible investing hit a wall. Environmental, social and governance (ESG) initiatives buckled under the pressure of economic and political forces, including efforts by congressional Republicans and conservative-led states to limit “woke” investments that prioritize “agendas and ideology.” But in America’s

By Matt Egan, CNN (CNN) — Brands are being “irresponsible” by continuing to advertise on Elon Musk’s X after the billionaire endorsed antisemitic views, according to Yale professor Jeffrey Sonnenfeld. “It’s self-destructive for any advertiser to be associated with him. It’s pathological,” Sonnenfeld, dean for leadership studies at the Yale School of Management, told CNN

By Michelle Toh, CNN Hong Kong (CNN) — Another business leader in China is being probed by the country’s anti-graft watchdog, in a sign of an ongoing crackdown in the world’s second largest economy. Zhou Jun, president of state-owned Shanghai Industrial Investment, is under investigation by the Shanghai Municipal Commission for Discipline Inspection, a branch

By Chris Isidore, CNN New York (CNN) — Kyle Vogt, the head of General Motors’ self-driving car unit Cruise, resigned from the company late Sunday. His departure came the day after he apologized to the unit’s employees for problems that led to action from state and federal regulators in the wake of a series of

By Clare Duffy and Oliver Darcy, CNN New York (CNN) — A “groundswell” of advertising executives have urged X chief executive Linda Yaccarino to resign from her role at the embattled social media company in the wake of an advertiser exodus and scrutiny over owner Elon Musk’s antisemitic remarks on the platform, according to marketing industry veteran Lou Paskalis.

By Clare Duffy, CNN New York (CNN) — Elon Musk on Monday boosted the dangerous, years-old “Pizzagate” conspiracy theory in a post on X, the platform formerly known as Twitter, just days after being roundly criticized and facing an advertiser exodus following his embrace of an antisemitic conspiracy theory. In a post Monday, an X

CNN By Clare Duffy, CNN New York (CNN) — Elon Musk on Monday boosted the dangerous, years-old “Pizzagate” conspiracy theory in a post on X, the platform formerly known as Twitter, just days after being roundly criticized and facing an advertiser exodus following his embrace of an antisemitic conspiracy theory. In a post Monday, an

By Samantha Delouya, CNN (CNN) — Microsoft’s CEO Satya Nadella hinted on Monday that he was still open to Sam Altman rejoining OpenAI – despite an announcement earlier in the day that Altman would join Microsoft’s artificial intelligence innovation division. Nadella said he was “open to both options” when asked in a Monday CNBC interview

By Brian Fung and Clare Duffy, CNN (CNN) — After a devastating advertiser exodus last week involving some of the world’s largest media companies, X owner Elon Musk is suing the progressive watchdog group Media Matters over its analysis highlighting antisemitic and pro-Nazi content on X — a report that appeared to play a significant

By Donie O’Sullivan and Audrey Ash, CNN (CNN) — Ben Brody says his life was going fine. He had just finished college, stayed out of trouble, and was prepping for law school. Then, seemingly out of nowhere, Elon Musk used his considerable social media clout to amplify an online mob’s misguided rants accusing the 22-year-old

By Oliver Darcy, CNN (CNN) — The White House on Monday joined the social media platform Threads, delivering a boost to Meta’s X competitor as Elon Musk faces backlash for endorsing an antisemitic conspiracy theory. The White House launched its own official account, as well as accounts for the president, first lady, vice president, and second

By Brian Fung, CNN (CNN) — A sudden and seismic leadership crisis at OpenAI has led to a revolving door of CEOs at the artificial intelligence company, with tech entrepreneur Emmett Shear becoming the latest to take the helm on Monday. Just days earlier, OpenAI’s board abruptly ousted then-CEO Sam Altman, installing Chief Technology Officer

By Krystal Hur, CNN New York (CNN) — Microsoft stock reached a record high on Monday after the company said that Sam Altman, former chief executive of OpenAI, will join the company to head its artificial intelligence innovation leg. Shares of the tech behemoth rose 2.1% to an all-time high close of $377.44 on Monday,

By Brian Fung, CNN (CNN) — Tech CEOs are once again being summoned to Congress to testify about their business practices — and this time, the US Marshals Service is getting involved. On Monday, the Senate Judiciary Committee said it had subpoenaed three top social media executives — X CEO Linda Yaccarino, Snap CEO Evan