Money

By Liam Reilly, CNN (CNN) — Radio network Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately $1.9 billion of funded debt by 80%, to $350 million. The Philadelphia-based company has seen bottom-line growth, which it said has been accomplished via gains in revenue shares, increased digital revenue growth, audience

By Pete Muntean, CNN New York (CNN) — The head of the National Transportation Safety Board blasted the Federal Aviation Administration, saying the agency is not taking seriously enough the potential for jammed flight controls on some Boeing 737s. In a new letter shared with CNN, NTSB Chair Jennifer Homendy wrote FAA Administrator Mike Whitaker

Story by Reuters (CNN) — Stellantis said Monday it is recalling 194,000 plug-in hybrid electric Jeep SUVs to address fire risks after 13 fires were reported, and it told owners to park outside and away from other vehicles until recall repairs are completed. The Italian-American automaker is recalling some 2020 through 2024 model year Jeep

By Clare Duffy, CNN New York (CNN) — Apple had been counting on new artificial intelligence features to make the iPhone 16 a major hit. But pre–sale estimates point to a more muted early response than Apple had hoped. Apple needed the iPhone 16 to be a big seller after years of sluggish iPhone sales.

By Brian Stelter, CNN (CNN) — One caller was trying to find her brother. Another was asking about evacuation routes. A third was wondering if another tropical storm was on the way. And many callers expressed the same sentiment: “I’m just so proud of my neighbors.” All of the calls were broadcast live Sunday across western

By Jordan Valinsky, Ramishah Maruf and Liam Reilly, CNN New York (CNN) — DirecTV announced Monday it’s buying rival Dish Network, ending multiple decades of on-and-off talks about the satellite services merging. The companies have struggled to retain subscribers in the streaming era. As platforms like Netflix, Hulu and Amazon’s Prime Video have gained traction,

By Hanna Ziady, CNN London (CNN) — Shares in Chrysler parent Stellantis plunged almost 14% in Milan Monday after the Italian-American carmaker slashed its forecasts for full-year profitability and cash flow, citing weaker global sales and increased competition from Chinese rivals. Stellantis (STLA), which also makes Ram Trucks and Jeep, Citroen and Peugeot cars, said

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Time is running out to avoid a work stoppage at ports along the entire East and Gulf Coasts in what could become the most disruptive strike to the US economy in decades. Members of the International Longshoremen’s Association are set to go on strike

By Samantha Delouya, CNN (CNN) — Just 2.5% of homes in the US changed hands this year in the first eight months, the lowest turnover rate in at least 30 years, according an analysis by Redfin. The latest data from the real estate brokerage underscores just how much the housing market has stalled in 2024

By Brian Stelter, CNN New York (CNN) — Amazon attracts millions of live viewers for Thursday Night Football games. The company also carries A-list concert performances and a seemingly endless number of shopping live-streams. Up next: One special night of news coverage. The former NBC News and MSNBC anchor Brian Williams is nearing a surprise deal to lead election

Story by Reuters (Reuters) — California Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation. Newsom said he had asked leading experts on Generative AI to help California “develop workable guardrails” that focus “on developing an empirical,

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — If longshore workers at East and Gulf Coast ports go on strike Tuesday, as now appears likely, it could choke off the supplies of many popular products that flow over those docks. But not necessarily right away. Businesses have been nervously watching the 12:01

By Nathaniel Meyersohn and Chris Isidore, CNN New York and Chicago (CNN) — Chicago, America’s third-biggest city, is on the verge of losing its only intercity bus terminal, jeopardizing access for many low-income, elderly and minority travelers with few other transportation options. It’s part of a nationwide trend. Greyhound’s lease for its terminal in Chicago

By Robert Ilich, CNN New York (CNN) — Mark Zuckerberg’s wallet keeps getting fatter. The Meta CEO is now the second-richest person in the world, overtaking Jeff Bezos and Bernard Arnault. With a personal fortune of $206 billion, according to recent figures from Bloomberg’s Billionaire Index, he now only trails Elon Musk. Recent figures from

By Ramishah Maruf, CNN New York (CNN) — When Jordan Myrick first moved to California in high school and heard about dirty sodas, she wasn’t the biggest fan. “It was a weird thing,” Myrick said. But in 2023, Myrick, who said she is “very passionate about soda,” visited Utah on a “The Real Housewives of

By Allison Morrow, CNN New York (CNN) — What do you get when you combine lower interest rates and a viral baby pygmy hippo? Moo Deng crypto. Given the sudden popularity of Moo Deng, the Thai national treasure whose name roughly translates as “bouncy pork,” it was only a matter of time before someone turned

By Ramishah Maruf, CNN New York (CNN) — Uber is cashing in on spooky season. The ridehailing company will now deliver costumes, makeup, and even decorations from Spirit Halloween, the largest Halloween retailer in North America, Uber announced in a press release Friday. Big-box retailers are getting into Halloween earlier and earlier, suggesting American consumers

By Krystal Hur, CNN New York (CNN) — The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve. Last week, the S&P 500 and Dow surged to new highs after the Fed