Money

By Peter Valdes-Dapena, CNN (CNN) — Cruise, General Motors’ self-driving vehicle unit, disclosed today that it is the subject of two federal investigations regarding its actions after a severe accident involving a Cruise “robotaxi.” In just the latest setback in the auto industry’s attempt to perfect driverless cars, the company is being investigated by the

By Ramishah Maruf, CNN New York (CNN) — A government agency warned 39 funeral homes across the US that they risk hefty penalties if they fail to disclose accurate pricing information to customers, the Federal Trade Commission announced Thursday. The FTC conducted an undercover phone sweep of more than 250 funeral homes, placing calls to

By Oliver Darcy and Jon Passantino, CNN (CNN) — The news industry is enduring a brutal start to the new year, with outlets large and small across the country hemorrhaging reporting staff as legacy business models that kept much of the industry afloat for decades collapse in plain sight. The rapid contraction, coming even as the presidential election cycle heats up

By Samantha Murphy Kelly, CNN New York (CNN) — Pornographic, AI-generated images of the world’s most famous star spread across social media this week, underscoring the damaging potential posed by mainstream artificial intelligence technology: its ability to create convincingly real and damaging images. The fake images of Taylor Swift were predominantly circulating on social media

By Nicole Goodkind, CNN New York (CNN) — The S&P 500 is tracking towards its fifth consecutive record high, the Dow Jones Industrial Average crossed the 38,000 mark this week for the first time ever, the economy is growing, inflation rates are easing and the artificial intelligence revolution is booming. That’s all heralded the return

By Brian Fung, CNN (CNN) — Apple announced sweeping new changes to its handling of apps in Europe on Thursday, including plans to allow third-party app stores on iPhones and iPads for the first time in company history and significant cuts to Apple’s app store fees. The unprecedented updates, which are a response to new European regulations set to take

CNN By Anna Cooban, CNN London (CNN) — Shares in Tesla plunged as much as 11% after the market opened Thursday, wiping $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals. In an earnings presentation Wednesday, the world’s most

By Anna Cooban, CNN London (CNN) — Shares in Tesla plunged 12% Thursday, wiping $80 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals. Tesla’s stock suffered its worst day in 21 months and closed at its lowest level since

By Oliver Darcy, CNN New York (CNN) — Business Insider said Thursday that it will cut 8% of its staff, becoming the latest news organization to undergo a round of painful layoffs as news companies struggle to stay afloat amid brutal industry headwinds. In a memo to staff, Barbara Peng, chief executive of Business Insider,

By Matt Egan, CNN New York (CNN) — The growing battle between Ivy League institutions and frustrated alumni is now playing out at Cornell University. A prominent alumnus and longtime donor is calling for the immediate resignations of Cornell President Martha Pollack and Provost Michael Kotlikoff, arguing the university’s diversity policies have created a “toxic”

By Jeanne Sahadi, CNN New York (CNN) — Most parents expect to pay for their children until they become adults. But many say they are still financially subsidizing their now-adult children, sometimes well into their late 20s and early 30s, according to a new report from the Pew Research Center. Never mind that today’s young

By Bryan Mena, CNN Washington, DC (CNN) — The US economy remained shockingly robust in the fourth quarter to close out a remarkably strong 2023 as consumers and businesses continued to spend, crushing expectations of a recession. Gross domestic product, the broadest measure of economic output, rose at a seasonally and inflation-adjusted annualized rate of

By David Goldman, CNN New York (CNN) — Before the plane took its first flight, Boeing had removed and reinstalled the part that blew off of an Alaska Airlines flight on January 5, according to reports from the New York Times and the Seattle Times, both citing a person familiar with the matter. Although federal

By Jordan Valinsky, CNN New York (CNN) — A Super Bowl ad set to be shown during next month’s game will highlight the rise of antisemitism, with a 30-second spot from “Stand Up to Jewish Hate,” a campaign from the nonprofit organization founded by Robert Kraft, the billionaire businessman and owner of the New England

CNN By Forrest Brown and Marnie Hunter, CNN (CNN) — The Alaska Airlines incident on January 5 that left a hole in the fuselage of a Boeing 737 Max 9 aircraft shortly after takeoff from Portland, Oregon, raised important safety questions, prompted investigations – and left some air travelers on edge. After the incident that

By Chris Isidore, CNN New York (CNN) — The grounding of the 737 Max 9 after a January 5 incident that blew a hole in the side of an Alaska Airlines plane earlier this month will cost the airline about $150 million, Alaska announced Thursday. The loss is significant to an airline the size of

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