Money

By Krystal Hur, CNN New York (CNN) — Goldbugs are rejoicing as their favorite precious metal continues to reach new heights. The price of gold rose on Tuesday to settle at $2,141.90 a troy ounce, notching another record high as investors continue to bet the Federal Reserve will cut rates in the back half of

By Brian Fung, CNN Washington (CNN) — The Biden administration sanctioned multiple software vendors on Tuesday accused of helping repressive governments spy on everyone from US officials to journalists to human rights activists — expanding a US crackdown on the shadowy industry behind what’s known as “commercial spyware.” The Treasury Department said that as part of

By Peter Valdes-Dapena, CNN (CNN) — Muscle car shoppers will face some important decisions with the 2024 Dodge Charger. First, the new Charger will be available as a battery-powered electric car or with a gasoline engine. And for the first time it will be available with two or four doors. Also, unlike most EVs, the

By Anna Cooban, CNN London (CNN) — Forget the Egg McMuffin. Brits are going crazy for the bacon and sausage buns offered by Greggs, an 85-year-old chain of budget bakeries that just posted its best-ever performance. The company said Tuesday that it had taken 19.6% of the food-to-go breakfast market in the United Kingdom last

By Jordan Valinsky, CNN New York (CNN) — Peloton isn’t the only at-home exercise equipment company feeling the pain: BowFlex is too, announcing Tuesday that it has filed for bankruptcy. The nearly four-decade old company, best known for commercials that were a staple of late-night television in the 1990s, filed for Chapter 11 and said

By Chris Isidore, CNN New York (CNN) — Nearly 10,000 workers from a coalition of separate unions, working for a diverse group of employers, are planning a series of coordinated strikes in Minnesota this week and next. Their aim: Exert leverage at the bargaining table. First to the picket lines Monday are about 4,000 janitors

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. The New York Times is facing a sustained wave of backlash. The Gray Lady has for several weeks been in the crosshairs

By Nathaniel Meyersohn, CNN New York (CNN) — Target, a barometer of the American consumer, said its sales last year fell for the first time since 2016. Now it’s predicting a sluggish 2024 as shoppers are weighed down by higher prices. Target said Tuesday that its sales at stores open for at least one year

By Fred Pleitgen and Olesya Dmitracova, CNN Berlin/London (CNN) — A group of far-left activists has claimed it was behind an arson attack on a high-voltage electricity pylon Tuesday that cut off the power supply to Tesla’s factory in Germany. The activists, calling themselves the “Volcano Group,” claimed responsibility for the fire in a letter

By Diksha Madhok and Wayne Chang, CNN New Delhi/Hong Kong (CNN) — Taiwan has swung into damage control mode after its labor minister made controversial comments about the skin color, religion and diets of some Indians ahead of a potential drive to recruit migrant workers to the island. In an interview with Yahoo TV last

By Kocha Olarn and Manveena Suri, CNN Hong Kong/Bangkok (CNN) — Tesla is in talks with the Thai government to build a production facility in the country, the prime minister’s office told CNN on Tuesday. The government has offered Tesla (TSLA) a 100% green facility, according to Prommin Lertsuridej, secretary general to the prime minister,

By Allison Morrow, CNN New York (CNN) — Bitcoin surged to an all-time high Tuesday, shaking off a more-than-two-year rut that had put the future of the entire crypto ecosystem in question. Bitcoin, the world’s oldest — and by far the largest — digital currency, traded above $69,000 Tuesday morning, topping the previous record of

By Ramishah Maruf, CNN New York (CNN) — Jeff Bezos has reclaimed the title of the richest person on Earth, surpassing Elon Musk, according to the Bloomberg Billionaires Index on Monday. The Amazon founder’s net worth was $200 billion, while Musk followed at $198 billion. Musk has lost about $31 billion over the past year,

By Simone McCarthy, CNN Beijing (CNN) — China has set an ambitious economic expansion target of “around 5%“ for 2024, as its leaders vowed to “transform the growth model” in the face of significant challenges facing its development. The figure — similar to last year’s growth target — was announced by Chinese Premier Li Qiang

By Rene Marsh and Matt Egan, CNN (CNN) — Harvard University turned over another trove of documents about campus antisemitism to Congress on Monday evening in response to an unprecedented subpoena from the House Education and Workforce Committee. Harvard was facing a 5 pm ET Monday deadline to respond to the subpoena, the first issued since the

By Elisabeth Buchwald, CNN New York (CNN) — Shares of New York Community Bank (NYCB) fell 23% Monday, hitting their lowest level since 1996. The stock is struggling to recover after the beleaguered regional lender said in a filing last week it had identified “material weakness” in the company’s controls. The issues caused a $2.4

By Bryan Mena, CNN Washington, DC (CNN) — Cookie Monster has taken a stance on a very real and controversial trend in the US economy — and he hates it. The gluttonous blue Sesame Street character known for gorging on cookies expressed his dismay at “shrinkflation” Monday in a post on X. Cookie Monster is

By Ramishah Maruf, CNN New York (CNN) — “Dune: Part Two” raked in $82.5 million at the domestic box office on during its opening weekend, narrowly surpassing the opening weekend of the 2023 blockbuster film “Oppenheimer.” The two films came from different studios — “Dune: Part Two” is a Warner Bros. Pictures movie and shares