Money

By Chris Isidore, CNN New York (CNN) — Telsa profit in the second quarter plunged more than 40% from a year ago, as the electric vehicle company has faced both more EV competition from established automakers and a slowing of overall EV sales growth. The drop in profits is a stark contrast for a company

By Jordan Valinsky, CNN New York (CNN) — Overstock.com, which was one of the biggest names in e-commerce, is being revived just a year after its new owners ditched the name in favor of Bed Bath & Beyond. The relaunched Overstock.com sells a lot of stuff similar to its previous incarnation, including indoor and outdoor

CNN, WCVB By Chris Isidore, Isabel Rosales and Amanda Musa, CNN Atlanta (CNN) — Bad news for passengers: Delta Air Lines canceled hundreds more flights early Tuesday morning, as the problems caused by last week’s global tech outage continued into a fifth day. Worse news: Delta’s meltdown will probably extend through the end of the

By Chris Isidore, Isabel Rosales and Amanda Musa, CNN Atlanta (CNN) — Bad news for passengers: Delta Air Lines canceled hundreds more flights early Tuesday morning, as the problems caused by last week’s global tech outage continued into a fifth day. Worse news: Delta’s meltdown will probably extend through the end of the week. The

By Samantha Delouya, CNN (CNN) — After the last few years of skyrocketing home prices and elevated mortgage rates, Americans have been feeling overwhelmingly dejected about their prospects of buying a home. But there are now signs that maybe, just maybe, the worst could be over for homebuyers. “June, in particular, has started to show

By Matt Egan, CNN New York (CNN) — Wiz has ended talks with Google parent Alphabet on a proposed $23 billion deal in which the Israeli cybersecurity startup would have become the US tech giant’s largest-ever acquisition, according to a Wiz memo seen by CNN. Wiz CEO Assaf Rappaport said the company would now focus on an initial public offering

By Matt Egan, CNN New York (CNN) — Many Americans regularly worry they won’t be able to make ends meet. Nearly four in ten (39%) of US adults say they worry most or all of the time that their family’s income won’t be enough to meet expenses, according to a new CNN poll. That’s up

By Laura He and Fred He, CNN Hong Kong (CNN) — China has announced plans to raise some of the world’s lowest statutory retirement ages as it tries to cope with the consequences of a rapidly ageing population and a pensions funding crisis. Currently, men in urban areas can retire at 60 and receive a

CNN By Chelsea Bailey, CNN (CNN) — In the first full day of her presidential campaign, Vice President Kamala Harris swiftly earned enough delegates to secure the Democratic nomination and raised a historic $81 million. And yet, less than 24 hours after Harris formally launched her bid for the White House, some Republicans zeroed in

By Sean Lyngaas, Donie O’Sullivan and Avery Schmitz, CNN (CNN) — Within minutes of President Joe Biden endorsing Vice President Kamala Harris to replace him on the Democratic Party’s ticket on Sunday, the internet crackled with lies, altered photos and other misleading claims about Harris. Some supporters of former President Donald Trump – the Republican nominee in the November

By Liam Reilly, CNN New York (CNN) — Warner Bros. Discovery notified the NBA on Monday that it will pay roughly $1.8 billion per year to match an offer from Amazon to carry a package of the league’s games, setting up a last-second buzzer-beating attempt by TNT’s parent company to retain the broadcast rights to

By Brian Fung and Sean Lyngaas, CNN (CNN) — Cybercriminals are already capitalizing on the chaos from Friday’s massive global tech outage by promoting fake websites filled with malicious software designed to compromise unsuspecting victims, according to warnings from the US government and multiple cybersecurity professionals. Hackers have been setting up phony websites meant to

By Anna Chernova, Nathan Hodge and Jennifer Hansler, CNN (CNN) — A Russian court has sentenced Alsu Kurmasheva, a Russian-American journalist, to six-and-a-half years in prison, state news agency TASS reported Monday. The hearing, which was held behind closed doors, found Kurmasheva guilty of spreading false information about the Russian army, making her just the

Nearly all McDonald’s US locations will continue to sell the “$5 Meal Deal” after people flocked to the promotion amid rising food prices.

By Chris Isidore and Holly Yan, CNN Atlanta (CNN) — Three days after a computer update problem caused more than 5,000 flight cancellations around the world in a single day, things are pretty much back to normal — except at Delta Air Lines. Atlanta-based Delta canceled more than 1,000 more flights Monday alone, according to

By Nicole Goodkind, CNN New York (CNN) — Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endorsed Vice President Kamala Harris as the Democratic nominee. European stocks saw an uptick and markets in the US closed higher following Biden’s announcement. The Dow ended Monday higher

By Anna Cooban, CNN London (CNN) — Ryanair said Monday that it expects airfares during the busy summer travel season to be “materially lower” than last year as the low-cost carrier reported a plunge in profits. Europe’s biggest airline by passenger numbers, comparable in size to Delta Air Lines in the United States, said its

By Alicia Wallace, CNN (CNN) — When Greg Cook’s car of 12 years, a 2010 Honda Fit, up and quit on him in May 2022, he knew it would land him “between a rock and a hard place.” He couldn’t afford to go without a car: He knew he’d be out of work soon —

By Eva Rothenberg, CNN New York (CNN) — With his exit from the presidential race, President Joe Biden has set the stage for his Democratic successor to answer for the country’s post-pandemic economic recovery. Biden’s statement, posted on X Sunday afternoon, touted his administration’s economic policies. “Today, America has the strongest economy in the world,”

By Marshall Cohen, CNN (CNN) — Hunter Biden on Sunday abruptly dropped a lawsuit he filed last month against Fox News over the network’s fictionalized miniseries that he alleged included sexually explicit images of him without consent. Biden dropped the lawsuit just hours after his father, President Joe Biden, announced his decision to withdraw from the 2024 presidential race, though it’s not clear if the timing is related. The