Money

By Anna Cooban, CNN London (CNN) — Global energy prices are finishing the week the way they started — shooting higher as a cocktail of risks to supply have put investors on edge. The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. West

By Chris Isidore and Vanessa Yurkevich, CNN (CNN) — UAW President Shawn Fain said the union would not expand its strike against the Big Three automakers on Friday, but that the UAW stood ready to add more workers to the picket lines at any time as its labor action enters a new phase. “We are

By Bryan Mena, CNN Washington, DC (CNN) — Persistently high inflation took a toll on Americans’ attitudes this month as many began to pay back student loans following a three-year hiatus. The University of Michigan’s consumer sentiment index fell 7% in October from the prior month, according to a preliminary reading released Friday. Sentiment in

By Matt Egan, CNN New York (CNN) — Israeli billionaire Idan Ofer and his wife Batia are quitting a Harvard executive board in protest of how university leaders have responded to Hamas’ terror attacks on Israel. “Unfortunately, our faith in the University’s leadership has been broken and we cannot in good faith continue to support

WCVB, HARVARDPSC, INSTAGRAM, CNN, harvardpsc/Instagram By Matt Egan, CNN New York (CNN) — Israeli billionaire Idan Ofer and his wife Batia are quitting a Harvard executive board in protest of how university leaders have responded to Hamas’ terror attacks on Israel. “Unfortunately, our faith in the University’s leadership has been broken and we cannot in

By Hanna Ziady, CNN London (CNN) — Israel’s vast tech sector has seen its fair share of crises, from financial downturns and the Covid-19 pandemic to periodic flare-ups in the Israeli-Palestinian conflict. Each time, the industry has bounced back, demonstrating why the country of just 9 million people is known as the world’s “startup nation.”

By Chris Isidore and Samantha Delouya, CNN (CNN) — Kaiser Permanente reached a tentative deal with the unions representing 75,000 employees, following the largest-ever health care strike in US history. “The frontline healthcare workers of the Coalition of Kaiser Permanente Unions are excited to have reached a tentative agreement with Kaiser Permanente,” the union coalition

By Krystal Hur, CNN (CNN) — The Israel-Hamas war is sending investors in search of defensive assets. Israel declared war on Hamas Sunday after the Palestinian militant group launched a brutal attack that killed at least 1,300 people. Stock markets initially fell on Monday, before rebounding. But investors have since bought up shares of virtually

By Nicole Goodkind, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon kicked off third-quarter earnings season Friday with a stern warning to investors: “Now may be the most dangerous time the world has seen in decades,” he wrote in the company’s report. The wars in Ukraine, Israel and Gaza “may have far-reaching impacts

By Michelle Toh and Brian Fung, CNN (CNN) — Microsoft has completed its takeover of Activision Blizzard, the maker of “Call of Duty” and other hit video games, closing one of the biggest tech deals of all time. The company said in a filing Friday with the US Securities and Exchange Commission that Activision (ATVI)

By Samantha Delouya, CNN (CNN) — Supply chain management company Flexport said it plans to lay off 20% of its workforce on Friday, just one month after a chaotic CEO shakeup that played out, in part, on social media. In a memo to employees, Ryan Petersen, Flexport’s CEO and its founder in 2013, said the

By Samantha Delouya, CNN (CNN) — Dollar General has brought back its former chief executive in an attempt to revive its struggling business. On Thursday, the discount chain announced that it had reinstated Todd Vasos as CEO, replacing Jeff Owen. Vasos had previously served in the role for seven years before he retired in 2022.

By Jennifer Korn, CNN New York (CNN) — Qualcomm, one of the largest microchip manufacturers globally, is scaling back its workforce. The San Diego, California-based company will be laying off about 1258 roles in California, according to a filing with the California Employment Development Department. Impacted employees include those based out of San Diego and

By Jordan Valinsky, CNN Business New York (CNN) — Adam Aron, the CEO of AMC Entertainment, admitted Thursday that he was a “victim of an elaborate criminal extortion” plot. He made the announcement on X, formerly Twitter, writing that he fell victim to a “third party who was unknown to me related to false allegations

By Brian Fung, CNN (CNN) — A Montana federal judge on Thursday tore into a contested state law that bans TikTok from all personal devices, saying in a hearing that the legislation appears driven by “paternalistic” views of social media users and suggesting lawmakers could have taken many steps short of an attempted ban to

By Catherine Thorbecke, CNN New York (CNN) — A billboard truck drove near Harvard’s campus Wednesday displaying the names and photos of Harvard students whose organizations signed a statement blaming solely Israel for the deadly attacks by Hamas. The “doxxing truck” appeared days after the Harvard Palestine Solidarity Groups, a coalition of Harvard student groups,

By Matt Egan, CNN New York (CNN) — Wall Street CEO Marc Rowan is calling for the leaders of the University of Pennsylvania to resign and donors to close their checkbooks over an alleged failure to condemn antisemitism and hate. Rowan, the CEO of private equity giant Apollo Global Management, wrote in an op-ed posted

By Jennifer Korn, CNN New York (CNN) — Artificial intelligence could soon be writing more company emails in Microsoft Outlook, as the company expands its rollout of AI tools for corporate users. The Microsoft 365 Copilot tool – “your everyday AI companion,” as the company bills it – will help users write their emails to

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates climbed for the fifth consecutive week Thursday, following recent jobs and inflation reports that surged past forecasts and set expectations that decades-high interest rates could stay higher for longer. The persistently higher mortgage rates are putting added strain on today’s would-be homebuyers who are also