Money

By Brian Fung, CNN (CNN) — Amazon said on Monday that it’s investing up to $4 billion into the artificial intelligence company Anthropic in exchange for partial ownership and Anthropic’s greater use of Amazon Web Services (AWS), the e-commerce giant’s cloud computing platform. The deepening partnership between the two companies highlights how some large tech

By Jeanne Sahadi, CNN New York (CNN) — US employers are planning smaller pay raises and fewer promotions next year, compared to what they gave this year. That’s according to a new survey from human resources consulting firm Mercer. The survey was taken by more than 900 of its clients, who are employers of varying

By Ramishah Maruf, CNN New York (CNN) — Legacy college admission is an advantage given at birth, in which the children of a school’s alumni receive special consideration in the college admissions rat race. But after the US Supreme Court overturned race-based admissions over the summer, attention toward this already criticized practice intensified. While many

By Michelle Toh and Carina Cheng Hong Kong (CNN) — Huawei has disappointed legions of fans — and US officials — eager to know more about its Mate 60 Pro smartphone, which has quickly become a symbol of the tech rivalry between the United States and China since it went on sale last month. Huawei’s

By Parija Kavilanz, CNN New York (CNN) — American consumers aren’t tired of shopping. They’re shopping more prudently, with an eye on getting the best value, sure. But they’re also rewarding the stores that are betting big on the right trends at the right time, for the right price. US households, to be sure, have

By Laura He, CNN Hong Kong (CNN) — China’s unfair trade practices have forced the European Union to become more assertive in its dealings with the world’s second largest economy, the bloc’s commissioner for trade said Monday during a trip to Beijing. But Europe has no intention of cutting relations with China or seeking self-sufficiency

By Anna Cooban, CNN London (CNN) — Lego has abandoned plans to make its famous bricks from recycled plastic bottles, saying that the manufacturing process would be more polluting than the current production of oil-based bricks. Lego made the decision — first reported by the Financial Times Sunday — after it spent years testing recycled

By Laura He, CNN Hong Kong (CNN) — Evergrande’s plan to restructure its massive debts is in trouble because of a regulatory probe into its main subsidiary, the embattled Chinese developer said Sunday. The company said in a statement that it is “unable to meet the qualifications” for issuing new notes, which refer to short

CNN By Oliver Darcy and Chris Isidore, CNN Los Angeles (CNN) — The major film and television studios and striking writers reached a tentative agreement on Sunday after days of marathon negotiating sessions, the Writers Guild of America said Sunday evening, paving a path forward to end the historic work stoppage that has frozen production

By Oliver Darcy and Chris Isidore, CNN Los Angeles (CNN) — The major film and television studios and striking writers reached a tentative agreement on Sunday after days of marathon negotiating sessions, the Writers Guild of America said Sunday evening, paving a path forward to end the historic work stoppage that has frozen production and

By Chris Isidore, CNN New York (CNN) — As important as wages and benefits are in the unprecedented United Auto Workers strike against General Motors, Ford and Stellantis, nothing is more important than job security. And so it is significant that UAW President Shawn Fain said the union has made major progress recently in negotiations

By Eva Rothenberg, CNN (CNN) — Innocent until proven guilty might hold up in the court of law, but the court of public opinion tends to play by hazier rules. From celebrity scandals to business blunders, crisis communication is a cornerstone of public relations. It’s a specialty of PR dealing with protecting reputation, because a

By Eva Rothenberg and Chris Isidore, CNN (CNN) — After four days of marathon negotiations, the Writers Guild of America could reach a deal with major film and television studios as early as Sunday, people familiar with the matter told CNN. The major film and television studios on Saturday evening delivered their “best and final”

By Elisabeth Buchwald, CNN New York (CNN) — There’s a star the Federal Reserve is chasing. It isn’t a celebrity or sphere of gas that dazzles the sky at night. It’s not even a visible object. “We only know it by its works,” Fed Chair Jerome Powell said last week. The star the central bank

CNN By Eva Rothenberg and Chris Isidore, CNN (CNN) — After four days of marathon negotiations, the Writers Guild of America could reach a deal with major film and television studios as early as Sunday, people familiar with the matter told CNN. The major film and television studios on Saturday evening delivered their “best and

By Oliver Darcy and Chris Isidore, CNN (CNN) — The major film and television studios on Saturday evening delivered their “best and final” offer to the striking writers, a person close to the situation told CNN, adding to significant hope that the negotiations to end the months-long strike will conclude with an agreement this weekend.

By Eva Rothenberg and Chris Isidore, CNN (CNN) — Members of Canada’s autoworkers union, Unifor, ratified a tentative three-year agreement with Ford on Sunday after the union had reached an 11th-hour agreement last week to avert a possible strike. The deal, which Unifor called “exceptional,” was unanimously endorsed by leadership from the local unions on

Michelle Watson, CNN (CNN) — The Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) will continue talks Saturday for the fourth straight day, the WGA negotiation committee said in a message to union members. “Thank you for the wonderful show of support on the picket lines today! It

By Danielle Wiener-Bronner, CNN New York (CNN) — When it comes to food advertising, what you see is rarely what you get. A flurry of recent lawsuits wants to change that. Over the past few years, lawyers have been bringing class action suits against fast food companies, alleging that they’re misrepresenting food in their marketing.

By Anna Cooban, CNN London (CNN) — In May, Viveca Chow hurriedly transferred $3,700 over her phone while standing in the lobby of a building in Queens, New York. She made the upfront payment to secure an apartment minutes after seeing it. It was a moment the 28-year-old lifestyle influencer — forced to leave her