Money

CNN By Chris Isidore and Gregory Wallace, CNN Washington (CNN) — A current Boeing employee claims that the company tried to shield broken or out-of-specification 737 Max plane parts from regulators and lost track of them, according to a Senate subcommittee investigation made public Tuesday. Boeing tried to hide the nonconforming parts from Federal Aviation

By Bryan Mena, CNN Washington (CNN) — Sales at US retailers rose last month at an unexpectedly weak pace as Americans continue to deal with still-high inflation and elevated interest rates. Retail sales rose just 0.1% in May from the prior month, the Commerce Department reported Tuesday. That’s better than April’s downwardly revised 0.2% decline

By Mark Thompson, CNN London (CNN) — A record number of millionaires could leave the United Kingdom this year as political turmoil and the potential for higher taxes under a future Labour government reduce the appeal of what was once among the top destinations for the rich. As many as 9,500 people with at least

By Jordan Valinsky, CNN New York (CNN) — Subway’s footlong cookies were so popular they had a shortage. Now, the chain is hoping to replicate that success with savory new companions. Beginning Tuesday, three new 12-inch long additions are arriving, called Dippers. They use Subway’s flatbread, rolled up with pepperoni and cheese, chicken and cheese

By Chris Isidore and Gregory Wallace, CNN Washington (CNN) — A current Boeing employee claims that the company tried to shield broken or out-of-specification 737 Max plane parts from regulators and lost track of them, according to a Senate subcommittee investigation made public Tuesday. Boeing tried to hide the nonconforming parts from Federal Aviation Administration

By Olesya Dmitracova, CNN London (CNN) — Fisker, a US electric vehicle startup, said Tuesday it had filed for bankruptcy. The company had already warned it was in trouble. When it published quarterly earnings in February, it said it might not have enough money to survive another year. Fisker added then that it was in

By Allison Morrow, CNN New York (CNN) — A year ago Tuesday, the world watched in horror as a multinational search began for a commercial sub and five passengers that, days later, would end in tragedy. The agonizing spectacle sent a chill through the small but growing community of deep-sea submersible enthusiasts. OceanGate, the controversial

By Laura He, CNN Hong Kong (CNN) — Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The legendary investor’s conglomerate sold another 1.35 million Hong Kong-listed shares of BYD on June

By Samantha Delouya, CNN (CNN) — Last month, a much-beloved piece of American history was nearly stolen – but not in a museum heist or a home burglary. Instead, self-proclaimed scammers used a fraudulent real estate scheme. In late May, Graceland, Elvis Presley’s iconic Memphis home-turned-tourist-attraction, was nearly auctioned off when a company called Naussany

CNN By Holly Yan and Debra Goldschmidt, CNN (CNN) — Students in the nation’s second-largest school district will no longer be able to use cell phones during the school day after the Los Angeles Unified School District’s board voted 5-2 in favor of the ban Tuesday. The move highlights a frustration shared by educators across

By Hadas Gold, CNN (CNN) — Alex Jones’ notorious conspiracy platform Infowars may have survived a key decision from a federal judge last week, but the platform’s future is far from secure. A bankruptcy judge in Houston on Friday allowed Jones to liquidate his personal assets to help pay the nearly $1.5 billion that he owes the families of

By Chris Isidore and Gregory Wallace, CNN Washington DC (CNN) — Boeing CEO Dave Calhoun plans to apologize for Boeing’s recent safety failures in Senate testimony Tuesday and admit to problems with the company culture, but he’ll push back on whistleblower claims that the company retaliated against those who brought safety issues to light. “Much

By Erika Tulfo, CNN (CNN) — McDonald’s is pulling the plug on artificial intelligence ordering technology it was testing at more than 100 restaurant drive-thru systems in the US, a possible hiccup in the rapid rollout of AI in the fast food industry. The company had worked with IBM to develop and test AI-driven, voice-automated

By Ramishah Maruf, CNN New York (CNN) — Taking care of Fido is getting out of reach for more Americans. Nationwide Pet, the country’s largest provider of pet insurance, says it is dropping about 100,000 policies between now and next summer to keep up with spiraling costs in vet care. The move comes as other

By Laura He, Wayne Chang, and Joyce Jiang, CNN Hong Kong (CNN) — Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. Chinese state media Jiemian reported last week that local executives had been accused of embezzling “millions of euros” in an unsigned letter

By Hanna Ziady, CNN London (CNN) — Beijing has launched an investigation into prices of pork from the European Union, targeting a major EU food export just days after Brussels hiked tariffs on electric vehicles from China. The move risks escalating tension in one of the world’s biggest trading relationships and will heighten fears among

By Danielle Wiener-Bronner, CNN New York (CNN) — Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. Bacon is more expensive than it was a year ago, with prices up 6.9% from May 2023 to May of this year, according to inflation data

By Chris Isidore, CNN New York (CNN) — Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. The question now is, how much will he get going forward? The package, made up of 303 million stock options worth more than

By David Goldman, CNN (CNN) — Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. “The mental health crisis among young people is an emergency — and social media has