Money

By Hanna Ziady, CNN London (CNN) — The UK has abandoned a cap on bankers’ bonuses, in its latest push to boost the competitiveness of London’s financial industry following Brexit. The rule limiting banker bonuses to two times annual base pay was introduced a decade ago in the wake of the global financial crisis when

By Vanessa Yurkevich and Chris Isidore, CNN (CNN) — The United Auto Workers union took its most serious shot yet at General Motors in its five-week old strike as 5,000 members walked off the job at a plant in Texas. Arlington Assembly builds GM’s very profitable full-size SUVs, the Chevrolet Tahoe and Suburban, GMC Yukon

By Anna Cooban, CNN London (CNN) — Three months ago, CAB Payments stumbled when it went public on the London Stock Exchange, its shares falling nearly 10% on their first day of trading on a market that has been starved recently of new listings. The mood went from bad to worse Tuesday, however, when the

CNN By Elisabeth Buchwald, CNN New York (CNN) — Big Tech has given workers an ultimatum: Come back to the office, or find a new job. Elon Musk, Mark Zuckerberg and a host of other leaders of America’s biggest companies have made it clear that their success hinges upon everyone working in person. Autodesk isn’t

By David Goldman, CNN New York (CNN) — Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. It’s up 20% over the past five days. The famously volatile cryptocurrency has more than doubled in value this year as investors grow excited about the prospect of being able to buy bitcoin funds

By Nathaniel Meyersohn, CNN New York (CNN) — Big money donations are booming at America’s colleges, helping fund higher education for millions of students. But big donations often come with strings attached. Major donors typically give to specific purposes at schools. The biggest donors often sit on universities’ board of trustees, which governs the university

By Elisabeth Buchwald, CNN New York (CNN) — Big Tech has given workers an ultimatum: Come back to the office, or find a new job. Elon Musk, Mark Zuckerberg and a host of other leaders of America’s biggest companies have made it clear that their success hinges upon everyone working in person. Autodesk isn’t giving

By Catherine Thorbecke, CNN (CNN) — Grant Stoner said that he has loved playing video games his entire life, and that his earliest memory is of playing Super Nintendo in his parents’ bedroom at roughly 3 years old. “Gaming, for me, has always been a social activity,” Stoner, a Pittsburgh native who has spinal muscular

By Chris Isidore, CNN New York (CNN) — General Motors’ stronger-than-expected third quarter profit was greeted by an an expansion of the strike at the company by the United Auto Workers union. Just hours after the earnings report was released the UAW announced that 5,000 members would go on strike at one of GM’s most

By Anna Cooban, CNN London (CNN) — Global demand for oil, natural gas and coal — and the carbon pollution they generate — are expected to peak later this decade, according to a new report by the International Energy Agency. Driving the shift will be the “phenomenal rise” of clean sources of energy, the Paris-based

By Hanna Ziady, CNN London (CNN) — JPMorgan CEO Jamie Dimon, Citigroup’s Jane Fraser and other top names on Wall Street are in Saudi Arabia Tuesday for an investment conference as they try to look beyond risks that the Israel-Hamas war could widen into a regional conflict and deal a new blow to the global

By Michelle Toh, CNN Hong Kong (CNN) — Advertising giant WPP says it has fired an executive detained in China on suspicion of bribery. Last week, news emerged that the Chinese police had raided the Shanghai office of advertising agency GroupM, owned by WPP. On Tuesday, the British firm told CNN that “we are cooperating

By Ramishah Maruf, CNN New York (CNN) — Google is temporarily disabling live traffic conditions on its mapping service apps, Google Maps and Waze, in Israel, the tech company confirmed Monday, as the country prepares for a potential ground invasion into Gaza. “As we have done previously in conflict situations and in response to the

By Eva Rothenberg, CNN (CNN) — A 21-year-old woman with a heart condition is dead after consuming a heavily caffeinated energy drink at Panera Bread that she may have believed was regular lemonade, her parents alleged in a wrongful death suit against the restaurant chain. In September 2022, after drinking “Charged Lemonade,” Sarah Katz experienced

CNN By Danielle Wiener-Bronner, CNN New York (CNN) — Tensions are playing out at McDonald’s locations across the Middle East as the Israel-Hamas war rages on. In Israel, a local McDonald’s operator has been offering discounts to soldiers, security forces and others since Hamas’ October 7 assault by militants that killed 1,400 people and captured

By Danielle Wiener-Bronner, CNN New York (CNN) — Tensions are playing out at McDonald’s locations across the Middle East as the Israel-Hamas war rages on. In Israel, a local McDonald’s operator has been offering discounts to soldiers, security forces and others since Hamas’ October 7 assault by militants that killed 1,400 people and captured over

By Jordan Valinsky, CNN New York (CNN) — Skims, the underwear and apparel brand founded by Kim Kardashian, is hoping to attract new customers: men. The four-year-old shapewear brand is expanding beyond female clothing and into men’s products, with a new lineup launching Thursday that includes briefs, undershirts, boxers and leggings. Prices range from $16

By Tom Foster, CNN (CNN) — Akbar Al Baker is resigning as chief executive of Qatar Airways, marking a sudden end to one of the longest managerial reigns in the world of aviation. Al Baker, who has led the airline since 1997, will step down on Nov. 5. The move was unexpected, and no reason

By Matt Egan, CNN New York (CNN Business) — Former Pennsylvania Governor Ed Rendell doesn’t think the University of Pennsylvania needs a leadership change to get through the crisis gripping the Ivy League school. Rendell, a graduate of UPenn, argues university president Liz Magill made a “mistake” in failing to immediately condemn alleged antisemitic remarks

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The United Auto Workers union sent 6,800 Stellantis employees to the picket line Monday morning in a surprise, targeted strike at the company’s Ram truck facility. The Sterling Heights Assembly Plant is Stellantis’ “largest plant and biggest moneymaker,” UAW said in a statement Monday.