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By Chris Isidore, CNN New York (CNN) — When University of Pennsylvania President Liz Magill was tapped for the post just 18 months ago, she was heralded as the “clear consensus” to lead the Ivy League university. Today that consensus is nowhere to be found. In trying to placate everyone on the contentious issues of

By Emiko Jozuka and Junko Ogura, CNN Tokyo (CNN) — China has formally arrested a Japanese man who was detained in March, according to officials from Japan’s Ministry of Foreign Affairs (MOFA) and the Japanese Embassy in Beijing. The arrest of the Japanese national, who was reportedly an employee of a Tokyo-based pharmaceutical firm, could

By Oliver Darcy, CNN (CNN) — Mitt Romney, once the Republican Party’s standard-bearer, believes the right-wing media machine is at fault for much of the radicalization that has disfigured the GOP. The Utah senator and one-time GOP presidential nominee unleashed a torrent of criticism aimed squarely at the information universe in which most of his

By Matt Egan, CNN (CNN) — Moody’s Investors Service warned Thursday it could downgrade Israel’s credit rating due to the severity of the military conflict with Hamas. A downgrade could make it more expensive for Israel to borrow just as the country gears up for what could be a prolonged war. “Israel’s credit profile has

By Donie O’Sullivan, CNN (CNN) — Some of the biggest peddlers of misinformation about the Israel-Hamas war on Elon Musk’s X platform are premium, so-called “verified” accounts that pay the social media company formerly known as Twitter to promote their posts to boost visibility, a report released Thursday found. Establishing the truth in any conflict

By Anna Cooban, CNN London (CNN) — The European Union has told Meta it has a week to explain in greater detail how it is fighting the spread of illegal content and disinformation on its Facebook and Instagram platforms following the attacks across Israel by Hamas. The European Commission, the bloc’s executive arm, said it

By Anna Bahney Washington, DC (CNN) — Mortgage rates continued to climb last week amid a stronger-than-expected economy and geopolitical uncertainty in the Middle East. The 30-year fixed-rate mortgage averaged 7.63% in the week ending October 19, up from 7.57% the week before, according to data from Freddie Mac released Thursday. A year ago, the

CNN By Parija Kavilanz, CNN New York (CNN) — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The first tranche of stores to be sold — both leased and owned — is located in twelve states, according

By Allison Morrow (CNN) — The fallout from the colossal implosion of Sam Bankman-Fried’s crypto business is still rippling through the digital asset industry nearly a year later. On Thursday, New York’s attorney general filed a lawsuit against three digital asset firms that were caught up in the collapse of Bankman-Fried’s empire last fall —

By Anna Bahney, CNN Washington, DC (CNN) — Home sales dropped in September to the lowest level since the foreclosure crisis as surging interest rates and climbing home prices made buying a home unattainable for a growing share of would-be buyers. Historically low inventory of homes for sale continued to push prices up and rates

By Nathaniel Meyersohn, CNN New York (CNN) — Influential donors to Harvard University and the University of Pennsylvania say they will cut their ties to the schools in protest of college administrators’ response to alleged anti-Israel speech and antisemitism on campuses in the wake of Hamas’ terror attacks. Major donors pulling out won’t inflict significant

By Michelle Toh, CNN Hong Kong (CNN) — AirAsia boss Tony Fernandes has created a firestorm on social media after sharing a photo of himself receiving a massage topless during a management meeting. The co-founder of the Malaysian budget airline posted the image this week on LinkedIn, where he praised the culture of his company

By Nicole Goodkind, CNN New York (CNN) — In a workplace that’s become increasingly dominated by instant messaging apps like Slack, global banks (and regulators) are taking unprecedented steps to police how their employees communicate. HSBC is blocking staff from texting on their work phones, a person familiar with the matter confirmed to CNN. The

By Hanna Ziady, CNN London (CNN) — Nestlé plans to close a plant in Ireland that makes baby formula, citing a sharp drop in China’s birth rate, in a fresh example of the far-reaching implications of China’s demographic crisis. The world’s largest food company said Wednesday that it would shut its Wyeth Nutrition infant formula

By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve Chair Jerome Powell said Thursday that soaring bond yields could help the Fed slow the economy, further cooling inflation and the possibly signaling the end of rate hikes. But he stopped short of declaring victory, citing the economy’s resilience. “Tight policy is putting downward pressure

By Mariya Knight, CNN Atlanta (CNN) — A US-Russian dual national working for Radio Free Europe has been detained in Russia and charged with failing to register as a foreign agent, the US-funded news organization reported Wednesday. Alsu Kurmasheva is currently employed as a journalist and editor for the Tatar-Bashkir service of Radio Free Europe/

By Laura He, CNN Hong Kong (CNN) — China’s real estate market remains a drag and will put pressure on global growth. New home prices fell in September, a third straight month of decline, according to data released Thursday by the National Bureau of Statistics (NBS), despite Beijing’s efforts to shore up the sector. The

By Michelle Toh, CNN Hong Kong (CNN) — Nokia will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market environment, it said in a statement on Thursday. The Finnish telecom giant, a major provider of 5G equipment that employs 86,000 people, announced the move as part of a wider

By Peter Valdes-Dapena, CNN (CNN) — General Motors and Honda, along with Cruise — GM’s autonomous driving subsidiary — have agreed to create a driverless ride-hailing company in Japan. The company will use the Cruise Origin autonomous vehicle to give rides in Tokyo, Japan’s largest city. The companies plan to begin providing services in 2026.

By Matt Egan, CNN Business New York (CNN Business) — Former University of Pennsylvania trustee Vahan Gureghian is calling for Liz Magill, the Ivy League school’s president, to step down and warned the backlash from powerful donors will likely get worse over a growing uproar over how the school has dealt with allegations of antisemitism