Money

By Laura He, CNN Hong Kong (CNN) — Two major cities in China have eliminated all remaining curbs on home-buying, in yet another sign that local governments are trying to revive the beleaguered real estate sector and spur growth in the world’s second-largest economy. Hangzhou, a city of 12.5 million which is home to tech

By Chris Lau and Himari Semans, CNN Tokyo (CNN) — A major Japanese food supplier has recalled more than 100,000 packs of a popular brand of sliced white bread after rat parts were found inside some loaves. The latest scare adds to a raft of food safety scandals plaguing Asia’s second biggest economy, which has a longstanding

By Elisabeth Buchwald, CNN New York (CNN) — Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation, is facing a barrage of calls from lawmakers to resign after a scathing 234-page report released Tuesday detailed pervasive sexual harassment, discrimination and bullying at the agency. If he heeds the calls, there could be significant ramifications

By Saira Mueller, CNN (CNN) — When an ad goes viral, it’s usually for one of two reasons — it resonates so deeply with viewers that they can’t stop talking about it … or it makes people so upset they rush to social media to voice their outrage. An Apple ad for its new iPad Pro

By Sean Lyngaas, CNN (CNN) — A cyberattack has disrupted “clinical operations” at major health care nonprofit Ascension, forcing it to take steps to minimize any impact to patient care, an Ascension spokesperson told CNN on Wednesday. “There has been a disruption to clinical operations, and we continue to assess the impact and duration of

By Anna Cooban, CNN London (CNN) — Tesla will shut its factory near Berlin to all employees Friday when crowds are expected to gather outside its gates to protest against a planned expansion. A stoppage of the plant’s production lines this Friday was announced back in January, CNN affiliate RTL reported late Tuesday, quoting a

By Samantha Murphy Kelly, CNN (CNN) — Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing. Average daily active users (DAUs) were 77.7 million, up 17% year-over-year. But analysts said Roblox needs to prove to Wall Street

By Olesya Dmitracova, CNN London (CNN) — FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan. “The plan contemplates payment in full of all non-governmental creditors based on the value of their claims as determined by

By Chris Isidore, CNN New York (CNN) — Just more than a year after a massive derailment of a Norfolk Southern freight train led to the release of tank cars full of toxic chemicals and increased attention to the issue of railroad safety, the control of the railroad is up for grabs at its annual

By Hanna Ziady, CNN London (CNN) — AstraZeneca is withdrawing its highly successful coronavirus vaccine, citing the availability of a plethora of new shots that has led to a decline in demand. The vaccine — called Vaxzevria and developed in partnership with the University of Oxford — has been one of the main Covid-19 vaccines

By Samantha Murphy Kelly and Samantha Waldenberg, CNN (CNN) — Microsoft said it is pouring $3.3 billion into building a data hub in Wisconsin that aims to train employees and manufacturers on how to best use artificial intelligence. President Joe Biden will appear at the site in Mount Pleasant, Wisconsin, on Wednesday to highlight the

By Wayne Sterling and Michael Nam, CNN (CNN) — IndyStar sports columnist Gregg Doyel “will not be covering the Indiana Fever,” an IndyStar spokesperson told CNN in a statement Tuesday. In April, Doyel had a cringeworthy exchange during Caitlin Clark’s introductory news conference as the newest member of the WNBA team. The IndyStar writer made

By Danielle Wiener-Bronner, CNN New York (CNN) — A janitorial company has been fined $649,000 after an investigation found it hired minors for dangerous jobs cleaning slaughterhouses, the United States Department of Labor said Monday. Fayette Janitorial Service had employed at least 24 children, including those as young as 13, according to the DOL investigation.

By Gloria Pazmino, CNN New York (CNN) — A group of 13 conservative US federal judges are vowing to not hire Columbia University law students or undergraduates because of how the school has handled pro-Palestinian demonstrations on its campus in recent weeks. The judges sent a letter to Columbia President Minouche Shafik and the dean

By Jordan Valinsky, CNN New York (CNN) — Panera Bread is eliminating Charged Lemonade from its menu, the caffeinated beverage that has sparked multiple lawsuits and caused a public relations nightmare for the company. The Charged Lemonades will come off the menu in the next two weeks, according to Bloomberg, which first reported the news.

By Brian Fung, CNN Washington (CNN) — TikTok sued Tuesday to block a US law that could force a nationwide ban of the popular app, following through on legal threats the company issued after President Joe Biden signed the legislation last month. The court challenge sets up a historic legal battle, one that will determine

By Jack Guy, CNN (CNN) — The maker of the Swiss Army Knife is working on a new version of the classic multi-tool, which won’t have a blade. “We are in the early stages of developing pocket tools without blades,” a spokesperson for Swiss firm Victorinox told CNN in a statement Tuesday, adding that they

By Elisabeth Buchwald, CNN New York (CNN) — People watching NBA playoff games on Tuesday night will view a new ad purchased by Robert Kraft’s Foundation to Combat Antisemitism telling them, “Don’t bring hate to the protest.” “Scream until you’re red in the face. But don’t scream at the Jewish kid walking to class,” the

By Samantha Murphy Kelly, CNN (CNN) — Apple is hoping its latest iPad lineup will breathe new life into its sluggish tablet market. In a pre-recorded live streamed event from its Cupertino, California headquarters, the company introduced the latest versions of its iPad Pro and iPad Air tablets, and an all-new Apple Pencil Pro. CEO

By Jeanne Sahadi, CNN New York (CNN) — Elections do have consequences. But if the past century is any guide, the long-term consequences of US presidential election years on investor portfolios, including 401(k)s, is minimal at best. A recent analysis by retirement planning firm TIAA considered how a moderate-risk portfolio with 60% stocks and 40%