Money

By Jon Passantino and Liam Reilly, CNN (CNN) — Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media, ending years of speculation over the company’s fate. The deal announced late Sunday comes just weeks after a previous offer from Ellison to acquire

By Chris Isidore, CNN New York (CNN) — Boeing has agreed to plead guilty to one charge of conspiracy to defraud the United States for its role in two fatal 737 Max crashes, the Justice Department said in a court filing Sunday evening. It represents yet another black eye for the company after a series of embarrassing

By Eva Rothenberg, CNN New York (CNN) — Radio host Andrea Lawful-Sanders has resigned from WURD Radio after admitting her post-debate interview with President Joe Biden included questions that were pre-selected by Biden’s campaign team, the station told CNN Sunday. “The interview featured pre-determined questions provided by the White House, which violates our practice of

By Eva Rothenberg, CNN New York (CNN) — John Deere announced it will lay off about 600 employees across three US factories as the Illinois-based company shifts production to a newly planned facility in Ramos, Mexico. Effective August 30, about 310 employees will be laid off at two Iowa-based plants in Dubuque and Davenport, as

By Ashley R. Williams, CNN (CNN) — A Pennsylvania woman who had recently completed her breast cancer treatment says she couldn’t believe her eyes after scratching off a winning $5 million ticket, according to lottery officials. Donna Osborne, 75, told Pennsylvania Lottery officials that she was at an airport with her daughter to visit family

By Peter Valdes-Dapena, CNN (CNN) — NASCAR racing is all about loud, fast cars burning gas and rubber around a track. But on Saturday, NASCAR unveiled something different: an all-electric SUV that has twice as much horsepower as any of their current gas guzzlers. It’s a sign of just how far electric vehicles have come

By Nathaniel Meyersohn, CNN New York (CNN) — Six Flags this week completed an $8 billion merger with rival Cedar Fair to create the largest amusement park operator in the United States. Together, they operate 42 amusement and water parks across 17 states. The success of the deal will determine the future of these amusement

By Hadas Gold, CNN (CNN) — ABC News’ George Stephanopoulos had a tall task on Friday: Press President Joe Biden on his age, his acuity and the future of his reelection campaign. It was one of the most anticipated interviews of his career. Stephanopoulos mostly lived up to the challenge, asking rapid-fire, biting questions that

By Elisabeth Buchwald, CNN New York (CNN) — Your kid’s summer camp is likely fully staffed. The ice cream store near you probably doesn’t have a “help wanted” sign up. But your local swimming pool or nearby beach could probably use a lot more lifeguards to keep it fully open this summer. “Teens are coming

By Diksha Madhok, CNN New Delhi (CNN) — The wedding of the year is here. In less than a week, Anant Ambani, son of Indian billionaire Mukesh Ambani, will marry his girlfriend Radhika Merchant. India is no stranger to opulent weddings, but the preparations and parties for this particular union have transfixed the country. Jaw-dropping guest

By Rosa de Acosta, CNN Hong Kong (CNN) — The world’s population is getting older in what the United Nations calls an “irreversible global trend,” driven by longer lives and smaller families. The number of people aged 65 and older is expected to more than double to 1.6 billion globally by 2050, according to a

By Hadas Gold, CNN (CNN) — When ABC News first secured its exclusive interview with President Joe Biden, the rollout plan was paint-by-numbers. But these are not normal times. So ABC accelerated its timing. Anchor George Stephanopoulos is expected to interview Biden on Friday in Wisconsin, the president’s first extended interview with a major media network

By Nathaniel Meyersohn and Jordan Valinsky, CNN New York (CNN) — Saks Fifth Avenue and Neiman Marcus are merging to create a luxury department store empire. And Amazon wants to help. Saks owner HBC announced a deal Thursday to acquire Neiman Marcus for $2.65 billion, establishing a luxury behemoth called Saks Global that has the

By Alicia Wallace, CNN (CNN) — Welcome to the “steady-as-she-goes” US labor market: Halfway through 2024, job gains are cooling slightly but overall employment activity remains solidly stable. The US economy added 206,000 jobs in June, the Bureau of Labor Statistics reported Friday, easing from a downwardly revised May tally of 215,000 jobs. The unemployment

By Laura He, CNN Hong Kong (CNN) — For the first time ever, Tesla cars have been placed on a Chinese government purchase list, according to state-owned media outlet Paper.cn. Tesla is the only foreign-owned EV car brand on the purchase catalog published by the government of Jiangsu province in eastern China. The other brands

By Alicia Wallace, CNN (CNN) — The US labor market has held its own despite swirling forces — high inflation, an aggressive interest-rate-hiking campaign, pandemic aftershocks and geopolitical uncertainty — that seemed all but certain to trigger a recession. Monthly job gains have frequently come in stronger than expected, and unemployment has held at or

By Jordan Valinsky, CNN New York (CNN) — Beer and hot dogs are as patriotic as it gets. But cracking open the cooler at your July 4th barbecue, you could be seeing fewer brews, with alternatives like spiked seltzers, canned cocktail and hard teas stealing their real estate. And you can blame the youngs for

By Hanna Ziady and Nadine Schmidt, CNN London/Berlin (CNN) — Germany has blocked the sale of a Volkswagen subsidiary to China on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner. MAN Energy Solutions, part of the Volkswagen Group, said in June 2023 that it planned to

By Erika Tulfo, CNN (CNN) — Emma Corrado tries to be conscious of her electricity usage, both as an aspiring biosystems engineer with a focus on natural resources and a self-proclaimed “broke college student” at the University of Wisconsin-Madison. But on the tail of a record-breaking heatwave that swept the Midwest and Northeast, she’s finding

CNN By Gregory Wallace, CNN (CNN) — A former Boeing quality-control manager alleges that for years workers at its 787 Dreamliner factory in Everett, Washington, routinely took parts that were deemed unsuitable to fly out of an internal scrap yard and put them back on factory assembly lines . In his first network TV interview, Merle