Money

By Brian Fung, CNN (CNN) — A federal judge said Thursday he would not intervene in a dispute between X owner Elon Musk and the Federal Trade Commission in an ongoing agency investigation of the social media giant that has triggered intense public scrutiny. The decision means Musk may be forced to cooperate with federal

Analysis by Nathaniel Meyersohn, CNN New York (CNN) — “Shoplifting in Great Department Stores.” “The Shoplifting Profession.” “No Mercy to Shoplifters.” These headlines could be from articles today. But they’re from the early 1900s. While shoplifting has seemingly never been a bigger problem than it is now, shoplifting has long captured the public’s attention. Anxiety

By Clare Duffy, CNN New York (CNN) — Nonprofit online watchdog the Center for Countering Digital Hate on Thursday hit back at Elon Musk’s X in a motion to dismiss the social media company’s August lawsuit. X Corp., the parent company of the platform formerly known as Twitter, accused the Center for Countering Digital Hate of deliberately trying to

By Peter Valdes-Dapena, CNN (CNN) — Amazon is about to add cars and SUVs to the huge roster of things it sells online. People will be able to shop for Hyundai vehicles on Amazon through an agreement with the South Korean automaker. Your new Hyundai Santa Fe or Sonata won’t be delivered to your front

By Liam Reilly and Clare Duffy, CNN New York (CNN) — IBM on Thursday announced it had suspended advertising on Elon Musk’s X, the platform formerly known as Twitter, after an ad for the computing giant appeared alongside pro-Nazi content. “IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X

By Samantha Kelly, CNN (CNN) — The long-standing battle over the iOS’ blue and Android’s green text bubbles will soon take a more friendly turn. Apple announced on Thursday plans to adopt a messaging standard that will finally bring iMessage features to Android users, eroding what some considered an element of Apple’s walled garden. The

By Parija Kavilanz, CNN New York (CNN) — Gap Inc. on Thursday reported third-quarter results that showed the retailer’s continued struggle to lift overall sales across its portfolio of brands. But signs of a turnaround for its Old Navy division offered at least something to cheer about. Overall revenue in the quarter for Gap Inc.

By Matt Egan, CNN New York (CNN) — Nir Barkat, Israel’s minister of economy and industry, is warning American universities to crack down on antisemitism. “Schools that prioritize taking money instead of doing what’s right and doing good are going to have a serious problem,” Barkat told CNN on Thursday. Speaking from a Manhattan hotel,

By Peter Valdes-Dapena, CNN (CNN) — The Vatican has announced that, as part of a move to reduce its carbon emissions, it will electrify its fleet of vehicles. And Volkswagen will be supplying the cars. The first two vehicles, both VW ID.3 compact electric cars, have already been delivered to the Vatican, VW said. In

By Matt Egan, CNN New York (CNN) — Heavy selling drove oil prices sharply lower on Thursday, marking another positive development for inflation just ahead of the Thanksgiving travel rush. US oil prices tumbled almost 6% to a low of $72.16 a barrel — the lowest level since July 7. The selloff continues a sharp

By Anna Bahney and Samantha Delouya, CNN Anaheim, California (CNN) — There was a DJ dance party and photo booths, a gala dinner and cocktail hours. But it’s an awkward time for a party at the annual convention of the National Association of Realtors, underway in Anaheim this week and bringing together nearly 12,000 of

By Donie O’Sullivan, Catherine Thorbecke and Allison Gordon, CNN (CNN) — Dozens of young Americans have posted videos on TikTok this week expressing sympathy with Osama bin Laden, the notorious terrorist who orchestrated the September 11 attacks, for a two-decade-old letter he wrote critiquing the United States, including its government and support of Israel. The letter,

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates fell for the third straight week and applications to purchase a home increased by the most in five weeks, in a promising sign for a housing market that has stalled out as mortgage rates edged towards 8%. The 30-year fixed-rate mortgage fell to an average

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Rank-and-file members of the United Auto Workers union approved their labor deal with General Motors, despite significant opposition that saw it voted down by workers at more than a dozen plants. The deal reached between the union and the company on October 30 won the support

By Hanna Ziady, CNN London (CNN) — Alibaba has dropped plans to spin off its cloud computing arm, sending its stock tumbling, because of US controls on chip exports to China which the company said had created “uncertainties” for the division’s prospects. The announcement came only hours after crucial talks between Chinese President Xi Jinping

By Nathaniel Meyersohn, CNN New York (CNN) — Lower grocery prices may soon be coming for shoppers. Walmart CEO Doug McMillon said Thursday that the US food industry may be heading into a period of deflation after three years of punishing price hikes that have caused sticker shocker for shoppers at the grocery store. Food

By Anna Bahney, CNN Washington, DC (CNN) — Homebuilder confidence dropped for the fourth month in a row in November as mortgage rates neared 8%. But recent economic data suggests housing conditions may improve in coming months. Builder confidence in the market for newly built single-family homes in November fell six points to 34, according

By Danielle Wiener-Bronner, CNN New York (CNN) — New York’s water and parks are full of plastic waste. But litterbugs aren’t the problem, according to New York Attorney General Letitia James. It’s the company that puts so many plastic bottles and packages into world, PepsiCo — the maker of Pepsi, Mountain Dew, Lay’s chips and dozens