Money

CNN By John Towfighi, CNN (CNN) — Cocoa prices are surging so high, the Easter Bunny might want to hoard its chocolate. Consumers hunting for Easter eggs and chocolate bunnies this year can expect sticker shock similar to Valentine’s Day. Retail chocolate prices rose 11.6% across all of 2023, according to Circana data shared with

By Anna Cooban, CNN London (CNN) — Investors are refusing to inject billions in new money into Britain’s biggest water company, leaving the beleaguered business at risk of an emergency government takeover. The nine shareholders in Thames Water, which supplies water and wastewater services to 15 million people in London and the southeast of England,

By Laura He, CNN Hong Kong (CNN) — Xiaomi formally launched its much-anticipated electric car — the new Speed Ultra 7 (SU7) sedan — on Thursday night in Beijing. Lei Jun, founder and CEO of the popular Chinese smartphone brand, said the company’s first electric vehicle would sell for 215,900 yuan ($29,874) to 299,900 yuan

By Laura He, CNN Hong Kong (CNN) — Chinese leader Xi Jinping has told Dutch Prime Minister Mark Rutte that “no force can stop China’s scientific and technological development.” Xi’s comments come as a chip war rages between China and Western countries, including the Netherlands, which is home to ASML — the world’s sole manufacturer of

By Lauren del Valle and Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors in his failed crypto exchange FTX, a Manhattan court ruled Thursday. Before announcing the sentence, Judge Lewis Kaplan said there was a risk “that this man will

By Brian Fung and Sam Fossum, CNN Washington (CNN) — By the end of the year, travelers should be able to refuse facial recognition scans at airport security screenings without fear it could delay or jeopardize their travel plans. That’s just one of the concrete safeguards governing artificial intelligence that the Biden administration says it’s

By Zenebou Sylla, CNN (CNN) — Several New England universities and colleges have reached a pinnacle of at least $90,000 for undergraduate tuition and costs starting this fall. Yale University, Tufts University, Boston University (BU), and Wellesley College are among a few private institutions that will top this year’s costs for tuition, housing and other expenses, according

By Mark Morales, CNN (CNN) — Congestion pricing is coming to New York soon with transit officials officially approving the toll structure at a hearing on Wednesday. The controversial plan, which advocates and lawmakers say will mitigate traffic and help fund repairs to key infrastructure, is the first of its kind for a major US

CNN, NY MTA, NJ.GOV, KIRO, KOMO, KCAL, KCBS, ABC By Mark Morales, CNN (CNN) — Congestion pricing is coming to New York soon with transit officials officially approving the toll structure at a hearing on Wednesday. The controversial plan, which advocates and lawmakers say will mitigate traffic and help fund repairs to key infrastructure, is

By Peter Valdes-Dapena, CNN (CNN) — For sale: A brand new luxury electric SUV for the holy-grail price of $25,000. There just might be a slight catch. The California-based electric SUV company Fisker faces a real possibility of bankruptcy, and its stock is hovering just over 2 cents a share, far below its 2021 peak

By Elisabeth Buchwald and Samantha Delouya, CNN New York (CNN) — A yearslong fight between Disney and Florida is set to end after the two parties agreed to a settlement. In a meeting Wednesday morning, members of the board of the Central Florida Tourism Oversight District, a body that governs the special tax district Disney

By Nathaniel Meyersohn, CNN New York (CNN) — Inflation has touched nearly everything these last few years — even Trader Joe’s 19-cent bananas. But Costco is holding the line on its hot dog-soda combo price. Costco’s hot dog deal, sold at its food courts, is still priced at $1.50 — exactly what it cost in

Analysis by Oliver Darcy, CNN New York (CNN) — Only 80 hours elapsed between NBC News announcing Ronna McDaniel as a paid contributor and the network ousting her from that very role. But for the leadership at NBC Universal News Group, those were 80 painful hours. On Tuesday evening, following another full day in which the

By Chris Isidore, CNN New York (CNN) — Since its founding by William Boeing more than a century ago, the Boeing Company has had 12 CEOs. The 13th might be the most important yet. As Boeing begins its search for a new CEO, the company is facing its worst-ever crisis. It has struggled through more

By Allison Morrow, CNN New York (CNN) — Almost five months after he was found guilty of committing one of the largest white-collar crimes in history, Sam Bankman-Fried is set to return to Manhattan federal court Thursday for sentencing that could land him in prison for the next half-century. It is clear that Bankman-Fried, who

By Laura He and Wayne Chang, CNN Hong Kong/Taipei (CNN) — Chinese leader Xi Jinping met more than a dozen US CEOs and academics on Wednesday as Beijing renewed efforts to woo back foreign investors and mend strained relations with the United States. Foreign direct investment in China has slumped in recent months as a

By Alicia Wallace, CNN Minneapolis (CNN) — The collapse of the the Francis Scott Key Bridge in Baltimore on Tuesday is unfortunately not the first deadly collapse of a major interstate bridge in the US. But the response to a bridge failure in Minneapolis 17 years ago, one of the most catastrophic bridge failures in

By Dalia Faheid, CNN (CNN) — With no one winning the Powerball jackpot Wednesday, the grand prize for Saturday’s drawing grew closer to the billion-dollar mark, according to the lottery. Wednesday’s winning numbers were: 37, 46, 57, 60, 66 and Powerball 8. The $935 million Powerball jackpot in play Saturday jumped from $865 million after no tickets matched

CNN By Oliver Darcy and Jon Passantino, CNN New York (CNN) — NBC News on Tuesday ousted former Republican National Committee chair Ronna McDaniel, just days after her hiring as a paid political analyst sparked intense backlash from the network’s top television anchors over McDaniel’s role in subverting the 2020 election and attacks on the