Money

By David Goldman, CNN New York (CNN) — Chevron announced Monday that it has agreed to buy rival Hess in yet another oil industry consolidation deal. Cash-rich oil giants are taking advantage of high prices and surging profits to snap up assets and boost returns for shareholders even as pressure builds for them to invest

By Laura He, CNN Hong Kong (CNN) — Taiwan’s Foxconn, one of Apple’s largest suppliers, is being investigated by authorities in China, according to state media. The probe comes weeks after founder Terry Gou announced his bid for Taiwan’s presidency and stressed that he won’t be pressured by Beijing, despite his extensive business operations in

By Michelle Toh, CNN Hong Kong (CNN) — Three top Chinese pharmaceutical companies, which are backed by top global banks, are using endangered animal parts in their medicines, according to an investigation by an environmental protection group. In a Monday report, the Environmental Investigation Agency UK (EIA) said it had found 72 companies licensed by

By Eva Rothenberg, CNN (CNN) — A college admissions program popular among the country’s most selective universities may actually be skewed against lower-income applicants, college consultants and experts say. Early decision is an option that allows students to single out their top-choice school and apply to it months before regular applications are due. The choice

By Eva Rothenberg, CNN (CNN) — Paddy Cosgrave, the chief executive of Web Summit, stepped down Saturday after several Big Tech companies withdrew from the company’s upcoming annual technology conference over his comments on the Israel-Hamas war. “Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our start-ups

By Elisabeth Buchwald New York (CNN) — I was on vacation and hanging out quietly in the hotel room with my friend when, out of nowhere, she screamed “Zoo Pals are back!” We immediately tried to buy some. But to our misfortune, they were sold out. For days we refreshed the page to see if

By Peter Valdes-Dapena, CNN Business (CNN) — Thanks to growing competition in the market, and some reticence from consumers, automakers and car dealers are offering huge discounts on electric vehicles, particularly luxury models. The ranks of eager early adopters, those who feel they must have the latest technology in their vehicles, by now already own

By Alicia Wallace, CNN Minneapolis (CNN) — Ballpark attendance boomed this summer, Barbenheimer revived the box office and a Renaissance of live performances brought concerts into new Eras. In mid-2023, Americans’ enduring efforts to satisfy post-pandemic cravings for experiences hit a fever pitch. “Everybody went out on tour,” said Keith Gentili, a 55-year-old New Hampshire

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — United Auto Workers union President Shawn Fain told members that all three automakers have now offered record contracts but that the union will continue its strike in a push for even better deals. “We’ve looked at the companies’ offers,” he told members on a

By Pete Muntean, CNN (CNN) — Spirit Airlines says its flight schedule could be impacted for days as it scrambles to perform “a necessary inspection of a small section of 25 of our aircraft.” As of 2:45 p.m. EDT, the ultra-low-cost carrier has canceled 98 flights, or 11% of its schedule for Friday, according to

By Lauren del Valle, CNN (CNN) — A federal bankruptcy judge ruled Thursday that bankruptcy proceedings will not shield Infowars host Alex Jones from more than $1.1 billion in damages he owes the families of Sandy Hook shooting victims who won a civil defamation case against him in Connecticut last year. The families filed a

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates are nearing 8%. Prices have climbed for the past three months straight. And there were fewer homes on the market in September than any September ever. No wonder home sales just hit a 13-year low. It is a crummy time to try to buy a

By Matt Egan, CNN Business New York (CNN Business) — Dick Wolf, the creator of “Law & Order,” wrote a letter to Liz Magill pleading with her to step down as president of the University of Pennsylvania. Wolf, the namesake of UPenn’s Wolf Humanities Center, is among a growing list of powerful donors vowing to

CNN By Matt Egan, CNN Business New York (CNN Business) — Dick Wolf, the creator of “Law & Order,” wrote a letter to Liz Magill pleading with her to step down as president of the University of Pennsylvania. Wolf, the namesake of UPenn’s Wolf Humanities Center, is among a growing list of powerful donors vowing

By David Goldman, CNN New York (CNN) — “The Problem with Jon Stewart” will not come back to Apple TV+ for a third season, bringing a surprise and sudden end to the increasingly popular show led by the former “Daily Show” host. Stewart informed staff Thursday that he and Apple executives agreed to part ways,

By Peter Valdes-Dapena, CNN Business (CNN) — Toyota has joined the growing list of automakers that have decided to switch to using Tesla’s charging standard. Beginning in 2025 all Toyota electric vehicles sold in the US will have charging ports designed to work with Tesla’s North American Charging Standard (NACS), rather than the Combined Charging

By Elliott Gotkine London (CNN) — From ESG investing (Blackrock), to gay rights (Disney), to Donald Trump after the Capitol riots (mainstream corporate America), companies routinely take a stand. Sometimes, as with Nike and Colin Kaepernick, it helps their bottom line. Sometimes, it does the opposite — think Bud Light’s support of transgender rights. Perhaps

By Nicole Goodkind, CNN New York (CNN) — For a while now the theme of “higher for longer” has dominated market speak – that’s the idea that the Federal Reserve will keep interest rates elevated for a prolonged period of time to bring inflation down. But a rise in long-term Treasury yields could be doing

By Danielle Wiener-Bronner, CNN New York (CNN) — Tyson, a major US producer of beef, pork and chicken, is betting on protein that comes from insects. The meat processor said on Tuesday that it has invested in Protix, a Netherlands-based insect ingredients maker. Tyson is not only taking a minority stake in the company, but

By Juliana Liu Hong Kong (CNN) — China has unveiled plans to restrict exports of graphite — a mineral crucial to the manufacture of batteries for electric vehicles (EVs) — on national security grounds, the Ministry of Commerce and the General Administration of Customs said Friday. The announcement comes just days after the United States