Money

By Ramishah Maruf, CNN New York (CNN) — CPAP sleep apnea machine maker Philips Respironics agreed to pay at least $479 million in a settlement over alleged health risks from toxic sound reducing foam, lawyers for the plaintiff announced Thursday. The settlement will go toward users who bought or rented the recalled devices and those

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart, America’s largest private employer, is paying some new hires less than it would have earlier in the year in a sign of a cooling labor market. Walmart reduced starting pay by about $1 for new hires who prepare online orders for curbside pickup or delivery to

By Matt Egan, CNN New York (CNN) — The US Energy Department has issued an emergency order aimed at keeping the lights on in Texas as the state’s power grid grapples with surging demand amid record-high temperatures. The order, issued Thursday night, could allow Texas power plants to surpass pollution limits through Friday night to

By Jordan Valinsky, CNN Business New York (CNN) — Coco Gauff’s first-ever US Open finals appearance is serving up increased demand from tennis fans. After the 19-year-old phenom clinched her place Thursday in the Grand Slam final, ticket sales soared 20% with the average price hovering around $500, according to StubHub, and the ticket marketplace

By Clare Duffy, CNN New York (CNN) — Starting in November, Google will require political advertisements to prominently disclose when they feature synthetic content — such as images generated by artificial intelligence — the tech giant announced this week. Political ads that feature synthetic content that “inauthentically represents real or realistic-looking people or events” must

By Jordan Valinsky, CNN Business New York (CNN) — Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores. C&S Wholesale Grocers will pay $1.9 billion, with the deal expected to close in early 2024 subject to

By Samantha Murphy Kelly, CNN Business (CNN) — Apple is set to unveil the iPhone 15 in just a few days, and it’s widely expected to come with a significant change. The iPhone 15 is heavily rumored to ditch Apple’s proprietary Lightning charger in favor of USB-C charging, marking a milestone for the company by

By Nathaniel Meyersohn, CNN New York (CNN) — LGBTQ dating app Grindr ended its remote work policies and forced employees to relocate. Nearly half of its staff left. In early August, Grindr announced a return-to-office mandate. The policy gave workers two weeks to choose between relocating to their respective team’s newly assigned “hub” city to

By Mark Thompson and Michelle Toh, CNN London (CNN) — Workers at Chevron’s liquified natural gas facilities in Australia have begun to walk off the job in a dispute that threatens as much as 7% of global supplies and could add to rising pressure on energy prices. Talks aimed at resolving the dispute over pay

By Laura He, CNN Hong Kong (CNN) — Norges Bank Investment Management (NBIM), which operates the world’s largest sovereign wealth fund, has started the process of closing down its office in Shanghai, in another sign of big global companies pulling back operations in the world’s second largest economy. The firm, which manages Norway’s $1.4 trillion

By Rob McLean, CNN New York (CNN) — Square, the digital payments company, experienced outages on several services Thursday. “We are currently experiencing issues with multiple Square services. We understand how important it is for your business that our services be up and running, and we are actively working toward a fix,” the company tweeted

By Juliana Liu and Yoonjung Seo, CNN Hong Kong/Seoul (CNN) — SK Hynix, a South Korean chipmaker, is investigating how two of its memory chips mysteriously ended up inside the Mate 60 Pro, a controversial smartphone launched by Huawei last week. Shares in Hynix fell more than 4% on Friday after it emerged that two

CNN By Laura He, CNN Hong Kong (CNN) — China’s exports of two rare minerals essential for manufacturing semiconductors fell to zero in August, a month after Beijing imposed curbs on sales overseas, citing national security. China produces about 80% of the world’s gallium and about 60% of germanium, according to the Critical Raw Materials

By Sara Smart, CNN (CNN) — Tortilla chip brand Paqui says it is voluntarily removing its ultra-spicy “One Chip Challenge” from shelves after a Massachusetts family claims their 14-year-old son may have died from complications from the challenge. Authorities have not confirmed or commented on whether consumption of the chips caused the teen’s death. Paqui

By Laura He, CNN Hong Kong (CNN) — Chinese makers of electric vehicles have come out in force for this week’s IAA Mobility auto show in Munich, Germany. About 50 companies — including heavyweight BYD and upstarts like Xpeng — have traveled to the city, according to China’s state media, about twice as many as

By Samantha Delouya, CNN (CNN) — Walt Disney Parks and Resorts has amended its lawsuit against Florida Governor Ron DeSantis and his hand-picked oversight board, dropping all of its claims except one. The lawsuit, filed in federal court, now focuses solely on the claim that DeSantis and his allies allegedly weaponized their political power to

By Samantha Delouya, CNN (CNN) — Party City exited bankruptcy on Wednesday after a US judge signed off on the retailer’s reorganization plans. The plan cancels nearly $1 billion of Party City’s debt, and while some of Party City’s nearly 800 US stores will close due to the bankruptcy agreement, the majority will stay open,

By Oliver Darcy, CNN (CNN) — Jen Psaki’s cable news show is expanding into prime time. The former White House press secretary turned MSNBC personality will begin hosting the network’s Monday 8pm ET hour starting on September 25. Psaki has hosted “Inside with Jen Psaki” on Sundays at 12pm ET since the spring of this

By Nicole Goodkind, CNN New York (CNN) — Shares of Apple fell by 2.9% on Thursday following reports that China plans to expand a ban on the use of iPhones to government-backed agencies and companies. Investors are fretting over the ability of the world’s most valuable public company to do business in the world’s second-largest

By Jeanne Sahadi, CNN New York (CNN) — The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But for most private-sector US workers, pensions disappeared long ago. In