Money

By Elisabeth Buchwald, CNN New York (CNN) — When war broke out in Ukraine last year, Federal Reserve officials were quick to speak about it. “Let me comment on what I think is on everyone’s minds today: Russia’s attack on Ukraine,” Fed Governor Chris Waller said on February 24, 2022, hours after Russia invaded Ukraine.

By Parija Kavilanz, CNN New York (CNN) — Tupperware Brands named consumer products veteran and former long-time CEO of Spanx Laurie Ann Goldman as its new CEO on Wednesday amid ongoing attempts to continue to survive as a business. Goldman takes over the role from Miguel Fernandez, effective immediately, the company said. Tupperware shares jumped

By Anna Cooban London (CNN) — Citibank has won an employment tribunal case brought by an analyst it sacked for claiming expenses for meals he shared with his partner, and then lying about it. Szabolcs Fekete, a senior analyst, sued the bank for unfair dismissal after he submitted expenses for two sandwiches, two coffees, a

By Nicole Goodkind, CNN New York (CNN) — Lollapalooza will never be the same. Goldman Sachs chief executive (and noted party DJ) David Solomon will no longer perform at high-profile events, picking Wall Street over South Beach, a representative from the second-largest investment bank confirmed to CNN. “David decided to stop publicly DJing more than

By Bryan Mena, CNN Washington, DC (CNN) — Spending at US retailers continued to grow last month, a fresh sign that American shoppers aren’t tapping out just yet. Retail sales, which are adjusted for seasonality but not inflation, grew 0.7% in September from the prior month. That’s slightly below August’s revised 0.8% gain and marks

By Oliver Darcy, CNN (CNN) — NBC News is uniting with a pair of strange bedfellows for the third Republican Party primary debate. The Republican National Committee on Monday formally announced that it will partner with the Peacock network to host the Miami face-off, along with the Salem Radio Network and Rumble, two right-wing media

By Hanna Ziady, CNN London (CNN) — Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations and tackle years of underperformance. Britain’s flagship engineering firm, which makes engines for Boeing (BA) and Airbus planes, said Tuesday that the cuts were part of a broader strategic overhaul

By Nicole Goodkind, CNN New York (CNN) — Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here.

By Jennifer Korn, CNN New York (CNN) — Foreign nationals and dual citizens have scrambled to find ways to get out of Israel after Hamas’ gruesome attack on October 7 pushed the country into war. But leaving the country has proven to be an emotional and arduous task, with complications that include soaring ticket prices,

By Michelle Toh, CNN Hong Kong (CNN) — Chinese tech giant Baidu is officially taking on GPT-4. On Tuesday, the company unveiled ERNIE 4.0, the newest version of its artificial intelligence chatbot that it directly compared to the latest iteration of OpenAI’s ChatGPT. The new ERNIE Bot “is not inferior in any aspect to GPT-4,”

By Parija Kavilanz, CNN New York (CNN) — Spending on the holiday season is expected to rebound to – and even surpass – pre-pandemic levels this year for the first time. But, surprisingly, it’s not gifts that consumers will be splurging on the most in the runup to Christmas, according to a new report Tuesday

By Catherine Thorbecke, CNN (CNN) — The same New York City administration to launch a “Rat Action Plan” is back with an “Artificial Intelligence Action Plan.” Mayor Eric Adams on Monday unveiled a citywide AI “action plan” that pledged – in broad-brushstrokes – to evaluate AI tools and associated risks, boost AI skills among city

By Liam Reilly, CNN (CNN) — Reuters editor-in-chief Alessandra Galloni called for an investigation into the death of Issam Abdallah, the Reuters video journalist who was killed Friday when he was struck by a shell that originated in Israel while filming cross-border fire between Israel and Lebanon. “I am reiterating my call to the Israeli

By Anna Bahney, CNN Washington, DC (CNN) — Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades for fixed-rate mortgages. As rates for the 30-year fixed-rate loan climb to levels not seen in 23 years,

By Matt Egan, CNN New York (CNN) — A nonprofit founded by former Victoria’s Secret billionaire Leslie Wexner and his wife Abigail is breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ terror attacks against Israel. The Wexner Foundation’s decision to end its relationship and financial support for Harvard is

By Ramishah Maruf, CNN New York (CNN) — LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform announced Monday. In a blog post, the social media site for professionals said it is making changes to its organizational structure and streamlining

By Samantha Murphy Kelly, CNN Business (CNN) — Demand for Apple’s new iPhone 15 lineup is weaker in China than for last year’s models, according to analysts. Sales for the iPhone 15 are down 4.5% in China compared to iPhone 14 sales in the first two weeks after its launch, according to Counterpoint Research. Separately,

By Kaitlyn Schwanemann, CNN (CNN) — Traditional medical imaging – used to diagnose, monitor or treat certain medical conditions – has long struggled to get clear pictures of patients with dark skin, according to experts. Researchers say they have found a way to improve medical imaging, a process through which physicians can observe the inside

By Donie O’Sullivan and Brian Fung, CNN (CNN) — Hamas is barred from most social media platforms. But its following has surged on popular messaging app Telegram since its October 7 terror attack on Israel. One account belonging to the al-Qassam Brigades, the armed wing of the Hamas movement, has seen its following triple, and there has

By Nathaniel Meyersohn, CNN New York (CNN) — Drugstore chains for decades saturated US cities, suburbs and small towns with new stores. Now, they are closing thousands of stores, leaving gaps in communities for medicines and essentials. Researchers find pharmacy closures lead to health risks such as older adults failing to take medication. Rite Aid,