Money

By Samantha Murphy Kelly, CNN (CNN) — Sales problems in China. Patent lawsuits in the US. Behind in generative AI. It’s only a few weeks into 2024, and Apple’s year ahead is paved with trouble. The tech giant’s barrage of challenges impact many parts of its overall business. Just last week, Microsoft took Apple’s spot

By Morayo Ogunbayo and Rhea Mogul, CNN (CNN) — Sri Lanka’s lawmakers passed a bill on Wednesday regulating internet use among its citizens, in a move that has sparked fears among rights groups of a free speech crackdown. The Online Safety Bill, which passed with 108-62 votes, aims to “make provisions to prohibit online communication

By Xiaofei Xu and Chris Isidore, CNN Hong Kong/New York (CNN) — Boeing has delivered its first 737 Max to a Chinese airline for the first time in nearly five years, according to flight data, in a rare spot of good news for the embattled company. The delivery is seen as an important affirmation from

By Marshall Cohen, CNN (CNN) — The voting technology company Smartmatic can move forward with its defamation lawsuit against Fox Corporation, a New York judge ruled Wednesday, dealing a blow to the parent company of Fox News, which is already fighting the massive lawsuit over its repeated airing of 2020 election lies. The decision from Manhattan Supreme

By David Goldman, Gregory Wallace and Pete Muntean, CNN New York (CNN) — Boeing CEO David Calhoun’s Wednesday was decidedly a mixed bag: The Federal Aviation Administration finally approved a set of inspection criteria for the 171 grounded 737 Max 9 planes that, if followed, could return the aircraft to service. But he also learned

By Sean Lyngaas and Clare Duffy, CNN New York (CNN) — Tech firm Hewlett Packard Enterprise says its cloud-based email systems were breached by the same Russian hacking group that compromised some Microsoft email accounts earlier this month. Hewlett Packard Enterprise, also known as HPE, revealed the breach in a securities filing last week. The

By Chris Isidore, CNN New York (CNN) — Tesla became the most valuable automaker in the world promising unmatched sales growth. But in the face of growing EV sales by rival brands, Tesla Wednesday backed off its former bullish sales targets. Tesla has been cutting prices for more than a year to boost sales in

By Liam Reilly, CNN (CNN) — NBCUniversal’s high-stakes decision to exclusively air the NFL’s AFC Wild Card playoff game between the Miami Dolphins and Kansas City Chiefs on its streaming service Peacock drove record signups to the platform, a digital analytics firm said Wednesday. In the three days leading up to the January 13 kickoff in Kansas

By Brian Fung, CNN (CNN) — Amazon’s Ring will no longer let police and other government agencies request doorbell camera footage from within the company’s Neighbors app, in what privacy advocates are hailing as a long-awaited victory for civil liberties. Authorities seeking Ring surveillance videos must now submit a formal legal request to the company,

By Parija Kavilanz, CNN New York (CNN) — McDonald’s new trendy beverage-led spinoff CosMc’s is pulling in younger customers at a faster clip than a typical Mickey D’s with Big Macs and fries, according to one early traffic estimate. McDonald’s unveiled its CosMc’s specialty drinks cafe spinoff in December, with the first location opened in

By Jordan Valinsky, CNN New York (CNN) — Six months into Subway replacing its pre-sliced meats with freshly sliced servings, one of the chain’s largest franchisee groups says that sales are duller than expected. Last year, Subway paid to install $6,000 slicers at the chain’s 20,000 US locations in response to its rivals serving freshly

By Matt Egan, CNN New York (CNN) — A House committee sent a letter to the University of Pennsylvania on Wednesday demanding the school turn over documents related to an investigation into antisemitism on campus. Rep. Virginia Foxx, the Republican chairwoman of the Committee on Education and the Workforce, is requesting that UPenn respond to

By Matt Egan, CNN New York (CNN) — EquiLend, a Wall Street firm that processes trillions of dollars of securities transactions a month, was hit by a cyberattack that has knocked some of its systems offline, the company said Wednesday. The financial technology firm, owned by Goldman Sachs, JPMorgan and other major Wall Street firms,

By Michael Nam, CNN New York (CNN) — Cute video game creatures with guns have become a surprise monster hit. Japanese developer Pocketpair hit an unexpected home run with its game “Palworld,” selling 7 million units in less than a week on the PC Steam service alone, according to the company’s X account, but with

By Anna Cooban, CNN London (CNN) — Royal Mail could ditch its near-daily deliveries of letters as the centuries-old British institution attempts to modernize its service and plug a growing hole in its finances. Ofcom, the UK regulator overseeing the postal service, published proposals to rescue the beleaguered company Wednesday. It said Royal Mail could

By Matt Egan, CNN New York (CNN) — In a major speech set to be delivered Thursday in Chicago, Treasury Secretary Janet Yellen plans to detail her vision for helping middle-class families overcome affordability challenges, according to excerpts shared first with CNN. “Our economic agenda is far from finished. There’s much more the President and

By Anna Cooban, CNN London (CNN) — Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a stake in Tel Aviv’s stock market in what the exchange said Wednesday was a “strong vote of confidence” in Israel’s economy. The couple have agreed to buy a stake of nearly 5% in the Tel

By Laura He, CNN Hong Kong (CNN) — China has vowed to pump more money into the economy and further open its $64 trillion financial industry to international investors, as Beijing scrambles to restore confidence following a massive stock market rout. The promises from top officials come after a sell-off in Chinese stocks intensified this

By Hanna Ziady and Chris Stern, CNN London/Berlin (CNN) — Germany is bracing for widespread disruption to rail services after train drivers embarked on a record six-day strike Wednesday that will wreak havoc on travel plans, strain supply chains and deal a new blow to the sputtering economy. It’s the second time this month that