Money

By Kerry Flynn, CNN Business TMZ is now part of Fox Entertainment, the companies announced Monday. The news and entertainment brand, best known for breaking news on celebrity gossip and deaths, was previously owned by WarnerMedia, which also owns CNN. But WarnerMedia’s parent company AT&T has been shedding assets to help pay down its debt

By Julia Horowitz, CNN Business Andrew Neil has stepped down as chairman of GB News, just three months after the channel launched in the United Kingdom with a pledge to take on “woke warriors.” Neil, a former BBC journalist with more than four decades of experience, will also abandon his prime time show, though he’ll

By Alexis Benveniste, CNN Business An Indian electric scooter startup says its newest factory will be run entirely by women. Ola Electric’s “FutureFactory,” in Tamil Nadu, India, will eventually employ 10,000 women, the company’s co-founder Bhavish Aggarwal said in a blog post Monday. The first group of women started working at the factory this week,

By Nathaniel Meyersohn, CNN Business Employers are gearing up for the annual holiday shopping rush and once again looking to add seasonal workers to bolster their store, warehouse and logistics ranks. Their announcements come as big chains are expecting strong holiday demand from shoppers, despite risks that the Delta variant may pose to consumer spending.

By Nathaniel Meyersohn, CNN Business In what appears to be a massively successful pump and dump scheme, cryptocurrency litecoin surged around 25% early Monday after a falsified news release said Walmart would begin accepting the payment for online purchases. Investors had plenty of reason to believe the news was true: A verified litecoin Twitter account

By Hanna Ziady, CNN Business Emma Raducanu’s US Open victory netted the 18-year old Brit $2.5 million in prize money. She’s about to make much more from sponsorship deals. “I think Emma will earn well over $100 million [in the next calendar year]. She’ll eclipse all the men,” said Jonathan Shalit, the chairman of InterTalent

Opinion by Matthew F. Ferraro for CNN Business Perspectives The September 11 attacks demonstrated, with horrifying clarity, the outsize power individuals have to wreak havoc on an open society. Since that awful day, the spread of technology and our solidifying interconnectedness have increasingly placed the capacity for disruption and harm in the hands of not

By Matt Egan, CNN Business Eric Adams, the Democratic nominee for mayor of New York, pledged Monday to welcome businesses to the Big Apple by focusing on gun violence, gangs and the homeless. “New York will no longer be anti-business,” Adams said while addressing a Wall Street crowd of investors and financial executives in Manhattan.

By Julia Horowitz, CNN Business After notching heady gains this year, US stocks could be in for a back-to-school reality check. What’s happening: The S&P 500 has been in the red for five consecutive trading sessions, its longest losing streak since February. Declines have been modest. But uncertainty about the state of the market rally

By Laura He, CNN Business Shares in Alibaba slumped again on Monday after the Financial Times reported that Beijing is planning to break up Alipay, the hugely popular payment app owned by its financial affiliate, Ant Group. But that wasn’t the only piece of news that led to the stock’s decline. Investors are also concerned

By Laura He, CNN Business A typhoon that swept its way through East Asia is now forcing two of the world’s busiest ports in China to suspend some operations. The Shanghai International Port Group said in a statement that several terminals at the Shanghai Port — the world’s busiest port by cargo volume — either

By Manveena Suri, Vedika Sud and Rhea Mogul, CNN An Indian woman allegedly assaulted and raped in Mumbai on Friday has died of her injuries, in a case activists say bears a striking similarity to the brutal 2012 gang-rape and murder of a student that prompted millions of women to push for tougher sexual assault

By Matt Egan, CNN Business The trade group that represents consumer brands including Coca-Cola, Kellogg and Campbell Soup fired off a letter to President Joe Biden on Monday with a laundry list of questions about his new vaccine mandate. In the letter, Consumer Brands Association CEO Geoff Freeman called for “immediate clarity” on the administration’s

By Ramishah Maruf, CNN Business Right-wing media pundits are pushing a new misinformation campaign — this time about election fraud in the upcoming California gubernatorial recall, echoing debunked claims from the 2020 presidential election. An emerging narrative pushed by major Fox News personalities and others claims California Governor Gavin Newsom will only win the recall

By Ramishah Maruf, CNN Business Disney announced the remainder of its 2021 films will be released exclusively in theaters before streaming on Disney+. The decision by Disney on Friday shows that the company is optimistic about movie theater audiences returning, despite Covid-19 spikes caused by the Delta variant. “As confidence in moviegoing continues to improve,