Money

By Elisabeth Buchwald, CNN New York (CNN) — There’s a star the Federal Reserve is chasing. It isn’t a celebrity or sphere of gas that dazzles the sky at night. It’s not even a visible object. “We only know it by its works,” Fed Chair Jerome Powell said last week. The star the central bank

CNN By Eva Rothenberg and Chris Isidore, CNN (CNN) — After four days of marathon negotiations, the Writers Guild of America could reach a deal with major film and television studios as early as Sunday, people familiar with the matter told CNN. The major film and television studios on Saturday evening delivered their “best and

By Oliver Darcy and Chris Isidore, CNN (CNN) — The major film and television studios on Saturday evening delivered their “best and final” offer to the striking writers, a person close to the situation told CNN, adding to significant hope that the negotiations to end the months-long strike will conclude with an agreement this weekend.

By Eva Rothenberg and Chris Isidore, CNN (CNN) — Members of Canada’s autoworkers union, Unifor, ratified a tentative three-year agreement with Ford on Sunday after the union had reached an 11th-hour agreement last week to avert a possible strike. The deal, which Unifor called “exceptional,” was unanimously endorsed by leadership from the local unions on

Michelle Watson, CNN (CNN) — The Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) will continue talks Saturday for the fourth straight day, the WGA negotiation committee said in a message to union members. “Thank you for the wonderful show of support on the picket lines today! It

By Danielle Wiener-Bronner, CNN New York (CNN) — When it comes to food advertising, what you see is rarely what you get. A flurry of recent lawsuits wants to change that. Over the past few years, lawyers have been bringing class action suits against fast food companies, alleging that they’re misrepresenting food in their marketing.

By Anna Cooban, CNN London (CNN) — In May, Viveca Chow hurriedly transferred $3,700 over her phone while standing in the lobby of a building in Queens, New York. She made the upfront payment to secure an apartment minutes after seeing it. It was a moment the 28-year-old lifestyle influencer — forced to leave her

Marshall Cohen, CNN (CNN) — Smartmatic, the voting technology company suing Fox News and former President Donald Trump’s top allies over their false claims that its machines rigged the 2020 election, was implicated in an alleged bribery scheme involving the former top election official in the Philippines, according to court filings obtained by CNN. The

By Elisabeth Buchwald New York (CNN) — Sen. Bob Menendez, allegedly accepted gold bar bribes, prosecutors allege, according to a newly unsealed federal indictment. Wait, you can own gold bars? Yes. It’s actually a booming trend. (Spokespeople for Menendez didn’t respond to CNN’s request for comment. Separately, he released a statement on Friday calling the

Cheri Mossburg, CNN (CNN) — California will now let insurance companies consider climate change when offering policies, in exchange for a mandate requiring them to offer coverage in wildfire-prone areas, state leaders announced on Thursday. “We are at a major crossroads on insurance after multiple years of wildfires and storms intensified by the threat of

By Jennifer Korn, CNN New York (CNN) — Companies are struggling to deal with the rapid rise of generative AI, with some rushing to embrace the technology as workflow tools for employees while others shun it – at least for now. As generative artificial intelligence – the technology that underpins ChatGPT and similar tools –

By Samantha Murphy Kelly, CNN (CNN) — Apple’s iPhone 15 lineup hit stores Friday as people waited in long lines across China, Europe and the US to be among the first to get their hands on one of the company’s next-generation smartphones. Leading up to launch day, analysts at firms such as Wedbush Securities have

By Danielle Wiener-Bronner, CNN New York (CNN) — For the first time in about 30 years, McDonald’s is increasing its royalty fee for franchise operators opening new restaurants in the US and Canada. Starting on January 1, those operators will have to pay a 5% royalty rate, up from 4%, according to the company. The

By Matt Egan, CNN New York (CNN) — Even as Federal Reserve Chair Jerome Powell reassures the public about the state of the US economy, the organization is quietly laying off workers at its own doorstep. The Federal Reserve system is cutting approximately 300 jobs through the end of the year, a Fed spokesperson confirmed

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The United Auto Workers union is expanding its strike against GM and Stellantis but said that progress in negotiations with Ford means it won’t expand the number of Ford workers on the picket lines. UAW President Shawn Fain made the announcement on Friday morning.

By Vanessa Yurkevich, CNN New York (CNN) — The United Auto Workers Union is prepared to strike automakers for “months,” according to leaked messages obtained by CNN. The messages, between Jonah Furman, Communications Director at the United Auto Workers Union, and other members of the labor community detail personal thoughts about the union’s strategy against

By Brian Fung, CNN (CNN) — Microsoft’s proposed multibillion-dollar purchase of Activision Blizzard took a step closer to fruition on Friday as UK regulators said an amended version of the deal is likely to resolve their concerns over the acquisition. In a statement, the UK Competition and Markets Authority (CMA) said that changes Microsoft (MSFT)

By Samantha Delouya, CNN (CNN) — Cheryl Magnusson and her husband wanted to borrow money for a home renovation project earlier this year. They didn’t expect an arduous process. She said they always easily landed loans, including a mortgage in 2009 in the wake of the US housing crisis. At first, Magnusson, a teacher in

By Jordan Valinsky, CNN New York (CNN) — Amazon is joining other streaming services and inserting ads into its programming. Beginning next year, shows and movies on its Prime Video service will “include limited advertisements,” the company announced Friday. Amazon’s change brings it in line with its rivals, like Netflix and Max, adding ad-supported tiers

By Matt Egan, CNN New York (CNN Business) — Corporate America’s leaders are mentally preparing for an especially long and chaotic government shutdown. Executives worry a protracted government shutdown will only add uncertainty to an already confusing business environment. In an era of persistent inflation, labor strikes and rising borrowing costs, they argue it would