Money

By Kathleen Magramo and Shawn Deng, CNN A Chinese billionaire and a former University of Minnesota student who accused him of rape have reached an undisclosed agreement in the US, bringing an abrupt end to a case closely watched — and now hailed as a minor victory — by women on the other side of

By Mark Thompson and Adam Renton, CNN The British government is reversing plans to scrap the highest rate of income tax, announcing the embarrassing retreat after a rebellion among its own lawmakers and a week of financial and economic turmoil. In a statement on Monday, finance minister Kwasi Kwarteng said the tax cut for people

By Ramishah Maruf, CNN Tesla announced its delivery and production numbers for the third quarter Sunday, reporting 343,000 total deliveries and 365,000 vehicles built, falling below analysts’ forecasts. The world’s most valuable automaker said it produced 19,935 and delivered 18,672 Model S and X vehicles. It produced 345,988 Model 3 and Y cars and delivered

By Ramishah Maruf, CNN United Airlines is temporarily halting service at New York’s JFK Airport, saying its schedule there is too small to remain competitive. In a note shared with CNN Business, the airline said the start of the winter season, when more airlines resume flying to and from JFK, contributed to its “difficult decision.”

By Paul R. La Monica, CNN Business Investors, economists and members of the Federal Reserve will be poring over the September jobs report on Friday morning for clues about the health of the economy. But one figure may matter more than most…and it’s not the number of jobs added or the unemployment rate. It’s wage

By Frank Pallotta, CNN Business “Saturday Night Live” kicked off its 48th season on Saturday night with host Miles Teller as former NFL quarterback Peyton Manning and Andrew Dismukes as his brother, Eli. In the sketch, the two were doing an analysis of the season premiere of the NBC variety show. “Ok, we got an

Bridget O’Brian, CNN Business Disney has blocked its content from being shown on Dish TV and Sllng TV channels after the companies were unable to reach agreement over a contract extension. The dispute affects access to Disney channels that include ESPN, FX, the Disney Channel and ABC local stations in seven markets. Dish and Sling

By Nathaniel Meyersohn, CNN Business Spam is cool. The 85-year-old canned block of meat has undergone a cultural reinvention. Hormel has sold a record amount of Spam for seven straight years, and 2022 is on pace for another such milestone. The conglomerate behind Skippy and Jennie-O turkey says it can’t make Spam fast enough and

By Matt McFarland, CNN Business Tesla revealed on Friday a prototype of a humanoid robot that it says could be a future product for the automaker. The robot, dubbed Optimus by Tesla, walked stiffly on stage at Tesla’s AI Day, slowly waved at the crowed and gestured with its hands for roughly one minute. Tesla

By Vanessa Yurkevich, CNN Business About 15% of Nick Wishnatzki’s 650-acre family strawberry farm sustained damage from Hurricane Ian. His fields in Duette, Florida, are underwater, and plastic used to protect the carefully prepped fields for planting season in November, were ripped off by Ian’s 100-mph winds. That’s sent Wishnatzki scrambling to get back on