Money

By Bryan Mena, CNN (CNN) — Dick Parsons, an American businessman who led Time Warner and helped iconic US companies navigate tough circumstances, has died at 76. A prominent Black business executive, Parsons was known for his problem-solving prowess, steering major companies, including Time Warner and Citigroup, through periods of distress. He also advised US

By David Goldman, CNN (CNN) — Ryan Salame and Caroline Ellison, FTX executives convicted for their roles in the notorious crypto fraud led by their former boss Sam Bankman-Fried, have both shaved time off their lengthy prison sentences. Salame, a former top executive of FTX, the now-bankrupt cryptocurrency trading platform, pleaded guilty to criminal fraud

By Chris Isidore, CNN New York (CNN) — The best time to buy an electric vehicle may be right now. That’s because a $7,500 federal tax credit could soon disappear. President-elect Donald Trump has said he will move to eliminate the tax credit, possibly as soon as he takes office. It is even conceivable that

By Alicia Wallace, CNN (CNN) — With three seconds left on the clock, the score knotted up at 58 — the fifth tie of the fourth quarter — Notre Dame had the ball and a chance to win its first women’s basketball title. The inbound went to Arike Ogunbowale, who muscled through the defense, dribbled

By Lauren Mascarenhas and Dalia Faheid, CNN (CNN) — This holiday season, a lucky Mega Millions player might receive a $1.15 billion belated Christmas gift after no one won Tuesday’s jackpot. Friday’s grand prize has now soared to an estimated $1.15 billion – the largest prize ever offered in the month of December. That’s $516.1

Story by Reuters (Reuters) — Iranian authorities have lifted a ban on Meta’s (META.O) instant messaging platform WhatsApp and Google Play (GOOGL.O) as a first step to scale back internet restrictions, Iranian state media reported on Tuesday. The Islamic Republic has some of the strictest controls on Internet access in the world, but its blocks

CNN By Brian Stelter, CNN New York (CNN) — The incoming chairman of the Federal Communications Commission is sending a stern message to the owners of television stations and networks. And he is using ABC’s recent settlement with President-elect Donald Trump as a news peg of sorts. Brendan Carr, a Trump-appointed commissioner who will become

WFOR, CNN By Jordan Valinsky, CNN New York (CNN) — Following a brief outage that grounded all American airlines flights during one of the busiest travel periods of the year, American Airlines says it has resumed service Tuesday morning, albeit with substantial delays. American Airlines said a “vendor technology issue” was responsible for delaying all

By Jeanne Sahadi, CNN (CNN) — Who couldn’t use a little extra cash this month without having to lift a finger? A million tax filers are getting letters from the IRS indicating they have money coming to them because they were eligible to receive the 2021 Recovery Rebate Credit but didn’t claim it on their

By Samantha Delouya, CNN (CNN) — It has been just over two years since Zach Wiener awoke to the sound of glass breaking and his parents’ screams from the floor below him. He was in an unfamiliar bedroom, staying in a short-term rental home in Sag Harbor, New York, for a weeklong family vacation with

By Kayla Tausche, CNN (CNN) — A committee of top government agency officials has notified President Joe Biden that it has not reached a consensus on whether a sale of US Steel to a Japanese rival poses a national security risk, according to two sources familiar with the matter. The fate of Nippon Steel’s acquisition

By Kelly Murray, CNN (CNN) — A life-altering payday will soon be in store for one lucky New Jersey Lottery winner. The winner of a $1.128 billion Mega Millions jackpot has finally come forward to claim their staggering windfall nearly nine months since the ticket was drawn, according to a New Jersey Lottery press release.

By Ramishah Maruf, CNN New York (CNN) — The Consumer Financial Protection Bureau sued Walmart and fintech company Branch Messenger for allegedly forcing more than a million delivery workers to use expensive deposit accounts to access their paychecks, the agency announced Monday. The companies opened deposit accounts for Walmart’s drivers with their personal information, such

By Brian Stelter, CNN New York (CNN) — The incoming chairman of the Federal Communications Commission is sending a stern message to the owners of television stations and networks. And he is using ABC’s recent settlement with President-elect Donald Trump as a news peg of sorts. Brendan Carr, a Trump-appointed commissioner who will become chairman

By Jordan Valinsky, CNN New York (CNN) — Nordstrom, the upscale department store chain, is going private in a $6.25 billion deal with its founding family. The retailer announced Monday that the family — Erik, Pete and Jamie Nordstrom — as well as Mexican department store chain El Puerto de Liverpool will acquire the remaining

By Ramishah Maruf, CNN New York (CNN) — Last-minute errands often seem to pop up on Christmas and Christmas Eve, whether it’s buying a quick present or picking up one last ingredient. Many stores and offices are closed on the two holidays to give employees a chance to spend time with loved ones during the

By Rob Picheta, CNN London (CNN) — King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names. Charles announced the second set of warrants of his reign late last week, recognizing the included brands and companies as royal

By Elisabeth Buchwald, CNN New York (CNN) — While businesses across the US are fretting that President-elect Donald Trump’s threat of new tariffs could mean a massive hit to their bottom lines, at least one industry is gearing up for the exact opposite. With less than a month to go until Trump is back in