Money

By Matt Egan, CNN New York (CNN) — Venture capitalist Ramanan Raghavendran is taking the helm of the University of Pennsylvania’s board of trustees following the sudden resignation of Scott Bok last month amid a firestorm of controversy. The school announced on Thursday that Raghavendran, a Penn graduate and managing partner of venture capital firm Amasia, is taking over as

By Samantha Delouya, Jeff Winter and Lauren del Valle, CNN (CNN) — The third round of documents from a lawsuit connected to Jeffrey Epstein, the convicted pedophile who died in jail before he could face trial on federal sex-trafficking charges, was publicly released Friday. Friday’s release included over thirteen hundred pages as of mid-afternoon, and

By Brian Fung, CNN (CNN) — A California state judge has ruled that Snap must face a lawsuit from families whose children allegedly used the Snapchat app to purchase fentanyl on the platform. Tuesday’s ruling by Los Angeles County Superior Court Judge Lawrence Riff permits a dozen claims to proceed against Snap from the relatives

By Jennifer Korn, CNN (CNN) — Google’s refusal to bargain with unionized YouTube Music workers is illegal, a Wednesday ruling from the US National Labor Relations Board (NLRB) found. After a group of Texas-based contract workers for YouTube Music unanimously voted last April to join the Alphabet Workers Union (AWU), Google refused to bargain over

By Anna Cooban and Robert North, CNN London (CNN) — Maersk announced Friday that it will suspend all shipping through the Red Sea for the “foreseeable future” because of the threat of attacks on vessels using the vital maritime trading route. The move comes after the Danish company paused transits through the area “until further

By Catherine Thorbecke, CNN New York (CNN) — Sam Altman called on the tech sector to have more “empathy” for Muslim, Arab, “and especially palestinian” colleagues amid the ongoing war in Gaza. The chief executive of ChatGPT-maker OpenAI, one of the most powerful startups in the world, said in a post on X that Muslim,

By Jordan Valinsky, CNN New York (CNN) — Some Verizon customers might have found an unexpected surprise in the mail this week: An opportunity to receive a refund as part of a proposed $100 million settlement from a class-action lawsuit. Eligible customers are receiving postcards or emails alerting them to file a claim by April

By Chris Isidore, CNN New York (CNN) — A federal labor regulator has filed a complaint against electric vehicle maker Lucid, accusing the company of firing two employees who supported a United Auto Workers union organizing effort at the company. The complaint was filed Tuesday by a regional director of the National Labor Relations Board

By Anna Cooban, CNN London (CNN) — China is opening an investigation into the price of brandy imported from the European Union in a move seen as retaliation for the bloc’s probe into an influx of cheap Chinese electric cars into Europe. The Chinese Ministry of Commerce told reporters Friday that it had launched the

By Laura He, CNN Hong Kong (CNN) — Tesla is recalling 1.6 million vehicles in China to fix problems with its Autopilot driver-assistance system and reduce the risk of collisions, a Chinese regulator said Friday. The issues can be fixed through over-the-air software updates, according to a statement from China’s State Administration for Market Regulation,

By Jordan Valinsky, CNN New York (CNN) — McDonald’s said that it’s experiencing “meaningful business impact” in the Middle East because of the war between Israel and Hamas, joining Starbucks in issuing public statements trying to squash misconceptions and boycotts affecting the brands. In a letter posted on LinkedIn, McDonald’s CEO Chris Kempczinski said that

By Alicia Wallace, CNN New York (CNN) — Friday’s jobs report marked a fitting end to what was an odds-defying year. The US economy added 216,000 jobs in December and the unemployment rate held steady at 3.7%, the Bureau of Labor Statistics reported Friday. The monthly total blew past expectations for a net gain of

By Diksha Madhok, CNN New Delhi (CNN) — Gautam Adani has had a good start to 2024. After a tumultuous year, the Indian tycoon has just retaken his former position as Asia’s richest man, according to the Bloomberg Billionaires Index. The founder of the sprawling Adani Group is now worth $97.6 billion, which makes him

By Allison Morrow, CNN New York (CNN) — Neri Oxman, an academic and wife of billionaire investor Bill Ackman, plagiarized parts of her doctoral dissertation at MIT, according to a report from Business Insider. Ackman has become one of the most prominent critics amplifying a series of accusations, including plagiarism, against Harvard’s leader, who resigned this week. The Business Insider report, which CNN

By Ramishah Maruf, CNN New York (CNN) — SpaceX responded to a National Labor Relations Board (NLRB) consolidated complaint and an order notifying the company of an administrative hearing by filing its own motion with a federal court, alleging that the structure of the NLRB itself is “unconstitutional.” The NLRB filed a consolidated complaint Wednesday

By Samantha Delouya, Jeff Winter and Lauren del Valle, CNN (CNN) — Nineteen unsealed documents from a lawsuit connected to Jeffrey Epstein, the convicted pedophile who died in jail before he could face trial on federal sex-trafficking charges, were publicly released on Thursday. This is the second batch stemming from a December 18 court order

By Ramishah Maruf, CNN New York (CNN) — Lululemon’s controversial founder is back with criticisms about its diversity and inclusion efforts — and the athleticwear company is distancing itself from his comments. It’s been almost a decade since Chip Wilson left the company, but the founder has gripes about Lululemon’s “whole diversity and inclusion thing,”

By Matt Egan, CNN New York (CNN) — Americans ramped up their online shopping this past holiday season, splurging on a record-setting $222 billion worth of electronics, toys and other items. The spending haul between November 1 and December 31 marks a 4.9% increase from the previous holiday shopping season, according to an Adobe Analytics

By Allison Morrow, CNN New York (CNN) — A US federal court on Wednesday unsealed hundreds of pages of documents from a lawsuit related to Jeffrey Epstein, the convicted pedophile who died in jail before he could face trial on federal sex-trafficking charges. CNN has reviewed the documents, which included names — previously redacted to

By Hanna Ziady, CNN London (CNN) — Carrefour, one of France’s biggest supermarket chains, will stop selling PepsiCo products because they have become too expensive, in the latest clash between retailers and their suppliers over prices. Stores are displaying a note alongside Pepsi, Lay’s chips, Quaker cereals and Lipton teas, among other products, that reads: