Money

By Anna Cooban, CNN London (CNN) — Royal Mail could ditch its near-daily deliveries of letters as the centuries-old British institution attempts to modernize its service and plug a growing hole in its finances. Ofcom, the UK regulator overseeing the postal service, published proposals to rescue the beleaguered company Wednesday. It said Royal Mail could

By Matt Egan, CNN New York (CNN) — In a major speech set to be delivered Thursday in Chicago, Treasury Secretary Janet Yellen plans to detail her vision for helping middle-class families overcome affordability challenges, according to excerpts shared first with CNN. “Our economic agenda is far from finished. There’s much more the President and

By Anna Cooban, CNN London (CNN) — Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a stake in Tel Aviv’s stock market in what the exchange said Wednesday was a “strong vote of confidence” in Israel’s economy. The couple have agreed to buy a stake of nearly 5% in the Tel

By Laura He, CNN Hong Kong (CNN) — China has vowed to pump more money into the economy and further open its $64 trillion financial industry to international investors, as Beijing scrambles to restore confidence following a massive stock market rout. The promises from top officials come after a sell-off in Chinese stocks intensified this

By Hanna Ziady and Chris Stern, CNN London/Berlin (CNN) — Germany is bracing for widespread disruption to rail services after train drivers embarked on a record six-day strike Wednesday that will wreak havoc on travel plans, strain supply chains and deal a new blow to the sputtering economy. It’s the second time this month that

By Michelle Toh, CNN Hong Kong (CNN) — One of Europe’s most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence. SAP (SAP), the enterprise software giant, announced Tuesday that it would spend €2 billion ($2.2 billion) this year on the transformation, including buyouts

By Oliver Darcy, CNN (CNN) — It read like a scene out of “Barbie” itself. When the Academy of Motion Picture Arts and Sciences announced the nominations Tuesday morning for the 96th annual Oscars, both Greta Gerwig and Margot Robbie were dealt a shocking snub in the best director and best actress categories, respectively. Meanwhile, as if to pour salt on the wound, Ryan Gosling secured

CNN, NBC, ELIZABETH, POOL, NTSB By Ramishah Maruf, Pete Muntean and Gregory Wallace, CNN New York (CNN) — Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” on Tuesday. It was the CEO’s first interview since a door

By Matt Egan, CNN (CNN) — House Education Committee Chairwoman Rep. Virginia Foxx blasted Harvard University on Tuesday evening for failing to turn over all the documents lawmakers demanded in their antisemitism investigation into the Ivy League school. Foxx, a Republican from North Carolina, described Harvard’s initial production of documents as “woefully inadequate” and warned

By Ramishah Maruf, CNN New York (CNN) — eBay is cutting 1,000 roles, about 9% of its full-time employees, the company’s CEO announced online Tuesday. The company also plans to scale back its contracts with its “alternate workforce” in the coming months. CEO Jamie Iannone cited the “challenging macroeconomic environment” as an external pressure but

By Liam Reilly, CNN (CNN) — TIME, the iconic red-framed magazine, laid off some 15% of its union-represented editorial employees on Tuesday, the newsroom’s union said, becoming the latest major news outlet to slash its reporting staff. A TIME spokesperson told CNN that the outlet had laid off roughly 30 employees across several departments, including editorial, technology, sales and its studios division. Among those laid off Tuesday was

By Ramishah Maruf, Pete Muntean and Gregory Wallace, CNN New York (CNN) — Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” on Tuesday. It was the CEO’s first interview since a door plug on one of its

By Samantha Delouya, CNN (CNN) — Netflix announced a major boost in sign-ups in the fourth quarter on Tuesday. The company added more than 13 million subscribers for the quarter, compared to Wall Street’s expectation of 8.7 million. While Netflix added 1.2 million paid subscribers in the fourth quarter in the US, much of the

By Brian Fung, CNN (CNN) — A Texas man is suing Macy’s and the parent company of Sunglass Hut after the two companies allegedly relied on error-prone facial recognition technology to falsely accuse him of armed robbery. After being held in jail for nearly two weeks, Harvey Murphy Jr. was released once prosecutors verified he

By Matt Egan, CNN New York (CNN) — The latest meme stock is one closely associated with the 45th president of the United States. Digital World Acquisition Corp., the blank-check firm that’s been trying for years to merge with Truth Social owner Trump Media & Technology Group, has emerged as a way for investors to

By Clare Duffy, CNN New York (CNN) — Influencer MrBeast said on Monday that he had made more than $250,000 from one video posted to X, in a sign of just how much major internet personalities stand to make from the social platform’s new ad revenue sharing program. “MY FIRST X VIDEO MADE OVER $250,000!”

By Matt Egan and Paul Murphy, CNN New York (CNN) — Israeli hostage posters that were hung up at Harvard University had been vandalized with antisemitic messages just as students returned from winter break. Harvard condemned the vandalization on Tuesday and said university police are investigating the incident. “The University strongly condemns the senseless and

By Jordan Valinsky, CNN New York (CNN) — In-N-Out is permanently closing one of its restaurants for the first time ever, announcing that its Oakland location will soon shutter because of rampant crime in the California city. The burger chain said in a statement that “despite taking repeated steps to create safer conditions, our customers

By Nathaniel Meyersohn, CNN New York (CNN) — From theft to scanning errors, retailers are running into headaches with self-checkout after rolling out the technology aggressively over the last decade. Now, research finds another problem with self-checkout: fading customer loyalty. A newly-released study by researchers at Drexel University published in the Journal of Business Research

By Liam Reilly, CNN (CNN) — More than 400 staffers at Condé Nast, the parent company of prestigious publications including Vanity Fair, Vogue and GQ, walked off the job Tuesday in a historic 24-hour work stoppage over the company’s plan to lay off staff. The daylong walkout, intentionally timed on the day of the Academy Awards nominations,