Money

By Matt Egan, CNN New York (CNN) — Americans remain historically gloomy about the state of the housing market. Just 21% say it’s a good time to buy a house, according to a Gallup survey released Thursday. That is tied with last year for the worst reading in Gallup history. An overwhelming majority of Americans

By Peter Valdes-Dapena, CNN (CNN) — The Chevrolet Malibu, the last sedan still sold by General Motors’ biggest selling brand, will end production this year, the company announced. Malibu production will end in November as the factory that builds it, the Fairfax Assembly Plant in Kansas City, Kansas, is reconfigured to build a new generation

By Lucy Bayly, CNN New York (CNN) — First-time applications for unemployment benefits rose last week to 231,000, the highest level since August, in another sign that the white-hot labor market is starting to cool off. Thursday’s data also showed that the number of continuing claims, or applications from people who have filed for unemployment

By Jordan Valinsky, CNN New York (CNN) — The first test subject for Neuralink, Elon Musk’s brain chip implant startup, has developed a problem just a few weeks after it was inserted. In a blog post, the company revealed that a number of the chip’s connective threads retracted from the subject Noland Arbaugh’s brain, which

By Anna Cooban, CNN London (CNN) — Dozens of cabin crew at Air India Express called in sick earlier this week, forcing the budget carrier to cancel 85 flights since Tuesday evening and disrupting the travel plans of thousands of passengers. The Indian carrier is “making every possible effort to minimize the inconvenience caused to

By Nectar Gan, CNN Hong Kong (CNN) — The PR chief of Baidu has reportedly left the Chinese search engine just days after she sparked a public relations crisis with controversial comments endorsing a tough workplace culture. Qu Jing had left her position as vice president and head of communications, the Economic Review, a state-run

By Diksha Madhok, CNN New Delhi (CNN) — Two of the planet’s richest businessmen are becoming embroiled in India’s increasingly divisive election campaign. The world’s most populous nation is in the midst of a mammoth election in which Prime Minister Narendra Modi is widely expected to secure a rare third consecutive term. Modi is running on his

By Matt Egan, CNN New York (CNN) — The federal government is teaming up with Wall Street in a new cybersecurity alliance aimed at defending the US financial system from a nightmare attack and deterring hackers from even trying, according to a letter sent to bank CEOs by a senior Treasury official and viewed by

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