Money

By Jessie Yeung, CNN (CNN) — The Murdoch family, famous for helming one of the world’s most influential news empires, is locked in a secret court battle over succession and control, according to a New York Times report citing sealed court documents. For years, public intrigue has swirled around what would happen to the Murdoch

By Ramishah Maruf and Chris Isidore, CNN New York (CNN) — The US Department of Justice on Wednesday for the first time shared details of its finalized plea deal agreement with Boeing, in which the troubled aviation company will plead guilty to a felony charge of defrauding the US government. Boeing agreed to pay a

By Ramishah Maruf, CNN New York (CNN) — Customers on social media have been furious with Chipotle for allegedly skimping on its burrito bowl portions this year. Now, the fast-casual chain’s CEO said the company is making changes. “First, there was never a directive to provide less to our customers,” CEO Brian Niccol said during

By Chris Isidore, CNN New York (CNN) — Shares of Ford fell more than 11% in after-hours trading Wednesday after the automaker reported much weaker than expected earnings. The company said it was compelled to set aside more money to cover the cost of repairing customers’ vehicles. The company (F) did not break out how

By Liam Reilly, CNN New York (CNN) — The NBA on Wednesday rejected Warner Bros. Discovery’s offer to match a $1.8 billion per year bid from Amazon Prime Video to broadcast the league’s games, setting up a potential legal showdown between the media company and its longtime sports partner. “Warner Bros. Discovery’s most recent proposal

By Erika Tulfo, CNN New York (CNN) — If there’s one emotion that Disney and Pixar are probably feeling right now, it’s joy. That’s after movie sequel “Inside Out 2” became the highest-grossing animated film of all time, raking in $1.46 billion at the global box office and dethroning former record holder “Frozen 2” from

By Shania Baweja and Natasha Chen, CNN (CNN) — Disneyland has averted the possibility of the first employee strike in 40 years by reaching a tentative agreement with 14,000 workers on Tuesday. Approximately 9,500 of those employees whose contract had already expired voted Friday to authorize a strike, which had yet to be scheduled as planned

By Marshall Cohen, CNN Washington (CNN) — A federal judge on Wednesday refused to dismiss former President Donald Trump’s lawsuit against ABC News and George Stephanopoulos over the anchor’s assertion that a jury concluded Trump had “raped” E. Jean Carroll. Trump filed the lawsuit in Florida federal court earlier this year, arguing that Stephanopoulos and the network defamed him

By Nathaniel Meyersohn, CNN New York (CNN) — Two months after filing for bankruptcy, Red Lobster is close to emerging with a new owner. Red Lobster said this week in a court filing that it will accept an existing sale offer from Fortress Credit Corp., a lender experienced in restaurant management, after the seafood chain

By Hadas Gold, CNN New York (CNN) — Fox News has proposed a presidential debate between former President Donald Trump and Vice President Kamala Harris on September 17. The debate invitation from the right-wing cable network would take place in the swing state of Pennsylvania, with anchors Bret Baier and Martha MacCallum serving as moderators,

By Brian Fung, CNN (CNN) — Insurers have begun calculating the financial damage caused by last week’s devastating CrowdStrike software glitch that crashed computers, canceled flights and disrupted hospitals all around the globe — and the picture isn’t pretty. What’s been described as the largest IT outage in history will cost Fortune 500 companies alone more

By Krystal Hur, CNN New York (CNN) — Tech shares led a selloff Wednesday after lackluster earnings reports from two of the market’s most prominent heavyweights. The Nasdaq Composite declined 3.6% and the S&P 500 fell 2.3%, both notching their worst daily percentage declines since 2022. The Dow lost 504 points, or 1.3%. Big Tech’s

By Chris Isidore and Isabel Rosales, CNN New York (CNN) — Delta CEO Ed Bastian arrived in Paris Wednesday morning for the opening of the Olympics as his airline struggled to recover from a five-day meltdown that left an estimated half-million customers stranded by thousands of flight cancellations. After a global tech outage that started

By Matt Egan, CNN New York (CNN) — Gas prices have spiked in and around Chicago after a tornado sidelined a major ExxonMobil oil refinery last week. A gallon of gas in Chicago is now selling for an average of $4.34, according to AAA. That’s 27 cents more expensive than just a week ago after

CNN By Nicquel Terry Ellis, CNN (CNN) — The ongoing controversy surrounding diversity, equity and inclusion has spilled over into the 2024 presidential race with Vice President Kamala Harris on the path to becoming the Democratic nominee. Earlier this week, Tennessee Republican Rep. Tim Burchett suggested in an interview with CNN’s Manu Raju that President

By Oliver Darcy, CNN New York (CNN) — The right-wing media machine is throwing everything but the kitchen sink at Kamala Harris. As she held a rally Tuesday for the first time as the likely Democratic presidential nominee, Fox News, talk radio, and the constellation of digital news websites and online personalities were busy blitzing

By Anna Cooban, CNN London (CNN) — King Charles III was a champion of environmental causes long before he ascended to the British throne. And, fittingly, in the first full year of his reign, the British monarchy introduced a slew of measures to tackle its rising carbon emissions. According to the Royal Household’s latest accounts,

By Jordan Valinsky, CNN New York (CNN) — Conn’s HomePlus, a 134-year-old furniture and electronics retailer with locations primarily in the southern United States, has filed for bankruptcy and is closing nearly half of its 170 stores. The Texas-based company, which filed for Chapter 11 bankruptcy protection on Tuesday, has been struggling with slumping sales

By Matt Egan, CNN New York (CNN) — A toxic mix of surging rental rates and vanishing support for renters has catapulted evictions above pre-pandemic levels in some major cities. Evictions have increased most significantly in Sun Belt cities where housing affordability has worsened and where renters often have fewer protections. Tenant eviction filings are

By Kaila Nichols, CNN (CNN) — A Tennessee man only learned he was the winner of a $1 million jackpot when detectives called to tell him his winning ticket had been stolen, according to authorities. The lottery winner, who did not want to be publicly identified, bought two winning tickets at a Shell gas station