Money

By Chris Isidore, CNN New York (CNN) — As of Wednesday, the unprecedented strike by the United Auto Workers union against General Motors, Ford and Stellantis is now also the longest American auto strike in 25 years. The last time the union struck one of the automakers, with its 2019 strike at GM, the strike

By Matt Egan, CNN New York (CNN) — Columbia University has postponed its massive Giving Day fundraising event scheduled for Wednesday amid simmering tensions on campus over the Israel-Hamas war. Giving Day is a critical fundraising event for Columbia, as the university has noted endowment funding and tuition do not cover the entire cost of

By Jordan Valinsky, CNN New York (CNN) — A Dunkin’ franchisee is paying a woman $3 million to settle a lawsuit involving hot coffee falling on her lap that she alleges caused severe burns and life-altering injuries, according to her lawyers. The unnamed woman claimed the incident, which happened in February 2021 at an Atlanta-area

By Chris Isidore, CNN New York (CNN) — The Justice Department is investigating whether or not Tesla cars can live up to the EPA’s official estimates of how far they can go on a single charge. In the company’s most recent SEC filing, it disclosed that the DOJ is looking at questions surrounding a number

By Veronica Miracle and Jeffrey Kopp, CNN (CNN) — In the not-so-distant future, human-like robots will be as ubiquitous as the automobile or smartphone – if Agility Robotics’ vision of the future comes to life. “This is really an inflection point in history,” said Jonathan Hurst, co-founder of Agility Robotics, a Silicon Valley firm that

By Jordan Valinsky, CNN Business New York (CNN) — McDonald’s is getting rid of one its most recognizable utensils. The McFlurry spoon, which sparked confusion among its fans for being hollow, is being phased out as the fast food chain says it seeks more sustainable alternatives. The clear plastic spoon doubled as a spindle, with

By Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried plans to take the stand as soon as Thursday to defend himself against prosecutors’ claims that he stole billions of dollars from customers and defrauded investors in his now-bankrupt crypto exchange, FTX. Lead defense attorney Mark Cohen told the court on Wednesday that he plans

By Anna Bahney, CNN Washington, DC (CNN) — New home sales in the United States surged higher in September from the month before, even as mortgage rates remained over 7%, making financing a home costlier and pushing people out of the market. Sales of newly constructed homes jumped 12.3% in September to a seasonally adjusted

By Hanna Ziady, CNN London (CNN) — The Israel-Hamas war is likely to hurt other economies in the Middle East, including Egypt, Lebanon and Jordan, International Monetary Fund (IMF) managing director Kristalina Georgieva said Wednesday. “The channels of impact are already visible,” she told CNN’s Richard Quest at the Future Investment Initiative — dubbed “Davos

By Alicia Wallace, CNN Minneapolis (CNN) — In 2021, when the price of organic cotton and other raw materials spiked, the family that runs White Lotus Home, a New Jersey-based sustainable bedding company, hoped the 20% to 25% jumps were merely momentary and opted to absorb most of the costs. But earlier this month, Marlon

By Chris Isidore, CNN New York (CNN) — Cost overruns for the new Air Force One jets continue to pile on massive losses for Boeing. Boeing on Wednesday reported another $482 million in red ink on the contract to retrofit two 747 jets into the next generation of the presidential plane. Boeing has now lost

By Jordan Valinsky, CNN New York (CNN) — Bud Light might be experiencing a knockout of its own, but this time it’s on purpose. The Anheuser-Busch beer is becoming the official sponsor of mixed martial arts league UFC, the two companies announced, as part of a broader effort to revive Bud Light from a sales

By Matt Egan, CNN New York (CNN) — Danielle Foskie is among a growing number of Americans who have stumbled into a credit card doom loop. Foskie, a registered dental hygienist who lives outside of Cleveland, Ohio, couldn’t pay the bills when Covid-19 interrupted business at the dentist office where she works. She turrned to

By Nicole Goodkind, CNN New York (CNN) — In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next. The world’s biggest multinational companies could offer Wall Street

By Oliver Darcy, CNN Business (CNN) — It’s raining “guilty” pleas in Trump-world. Jenna Ellis, the Salem Media host who served as one of Donald Trump’s 2020 campaign attorneys, pleaded guilty on Tuesday to a felony charge of aiding and abetting false statements in the Georgia election subversion case. Her plea deal, the third in

By Anna Cooban, CNN London (CNN) — Shares in Deutsche Bank surged nearly 7% Wednesday after it said strong earnings meant it could pay out more cash to shareholders over the next two years than previously anticipated. Germany’s biggest lender said in its third-quarter report that it was on track to notch up annual revenue

By Ramishah Maruf, CNN New York (CNN) — The University of Pennsylvania’s administration faces an overwhelming backlash from donors, many of whom are pulling their funds and calling on the Ivy League institution’s president to resign. The root of their anger: A Palestine Writes Literature Festival that took place on campus last month that donors

By Michelle Toh, CNN Hong Kong (CNN) — Mitsubishi Motors will stop producing vehicles in China, in the latest sign of retreat by foreign automakers in the world’s biggest car market. Following weeks of speculation, the Japanese carmaker confirmed Tuesday that it would wind down local manufacturing and exit a long-running joint venture in mainland

By Donie O’Sullivan and Eyad Kourdi, CNN (CNN) — When Google Maps users navigated to the Rafah border crossing between Gaza and Egypt on Tuesday, they might have seen placenames that included, “F**k Israel,” and “May god curse Israel’s Jerusalem.” Cyber activists appeared to have targeted the service to post anti-Israel messages, likely by taking

By Matt Egan, CNN New York (CNN) — The United States along with some Middle Eastern nations are stepping up efforts to target a “secret” Hamas investment portfolio government officials believe to be worth up to $1 billion. To target the Hamas investment portfolio, a US official said Tuesday the Treasury Department is working with