Money

By Brian Fung, CNN Washington (CNN) — Social media companies should be treated as utilities such as telephone or telegraph companies, a group of states led by Republican attorneys general told the US Supreme Court on Monday. In a friend-of-the-court brief, 19 states and the state legislature of Arizona wrote that the Supreme Court should

By Elisabeth Buchwald, CNN New York (CNN) — If the economy were to undergo an annual physical, Richmond Federal Reserve President Tom Barkin would rate it “reasonably healthy.” That’s because, undeterred by the highest interest rates in 23 years, consumers are still spending and jobs are plentiful, though the pace of both hiring and spending

By Samantha Delouya, CNN Los Angeles (CNN) — Thousands of faculty members at California State University, the largest university system in the US, walked off the job on Monday, the first day of spring semester classes for much for the university system’s 450,000 students. The striking staff are part of the California Faculty Association union,

CNN By Gregory Wallace and Hanna Ziady, CNN (CNN) — The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an Alaska Airlines flight earlier this month. The FAA on Sunday

By Issy Ronald, CNN (CNN) — H&M has apologized for and removed a school uniform advertisement in Australia after users on social media complained that it sexualized children. “We have removed this ad,” the Swedish fashion giant told CNN. “We are deeply sorry for the offense this has caused and we are looking into how

By Matt Egan, CNN New York (CNN) — Famed economist Larry Summers slammed Harvard’s top leaders on Sunday over concerns about how the Ivy League school is fighting antisemitism. Summers, a former president of Harvard, strongly criticized the selection of Harvard professor Derek Penslar as the co-chair of a newly-formed presidential task force on antisemitism. “I have

By Clare Duffy, CNN New York (CNN) — Elon Musk — who was widely criticized for an antisemitic post on his social media site, X, two months ago — said following a visit to Auschwitz Monday that X has less antisemitic content than other social media platforms. But Musk conceded that he wasn’t aware until

By Catherine Thorbecke, CNN (CNN) — As anxiety about artificial intelligence tools putting workers out of jobs reaches a global fever pitch, new research suggests that the economy isn’t ready for machines to put most humans out of work. The fresh research finds that the impact of AI on the labor market will likely have

CNN By Jeanne Sahadi, CNN New York (CNN) — The crisis that has enveloped clothing company Kyte Baby this week might not have happened if the United States had a national paid parental leave policy in place. Company founder and CEO Ying Liu was forced to offer two public apologies after making, in her words,

By Anna Cooban and Laura He, CNN London/Hong Kong (CNN) — China’s stock market had a rough 2023 and the rout has accelerated in the first few weeks of the new year, after Beijing dashed hopes that it might do more to support the struggling economy. Hong Kong’s benchmark Hang Seng Index fell 2.3% Monday,

By Jordan Valinsky, CNN New York (CNN) — Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.” Last month, Arkhouse Management, a real estate-focused investing firm, and Brigade Capital Management, a global asset manager, offered to buy the remaining Macy’s shares

By Michelle Toh, CNN Hong Kong (CNN) — French gambling giant La Française des Jeux (FDJ) has offered to acquire online betting firm Kindred for 27.95 billion Swedish kronor (about $2.67 billion). Both parties confirmed the widely anticipated news on Monday, with FDJ saying it hoped to “create a European gaming champion” and become the

By Diksha Madhok, CNN New Delhi (CNN) — A dramatic acquisition saga in one of the world’s fastest growing media industries is headed for a bitter ending. Sony Group (SONY) has called off the merger between its India unit and Mumbai-based Zee Entertainment, the Japanese company said on Monday. The deal was announced two years

By Gregory Wallace and Hanna Ziady, CNN (CNN) — The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an Alaska Airlines flight earlier this month. The FAA on Sunday said

By Laura He, CNN Hong Kong (CNN) — Russia surpassed Saudi Arabia to become China’s largest oil supplier in 2023, according to the latest Chinese customs data. The world’s largest crude buyer imported a record amount of bargain-priced Russian oil last year, taking advantage of Moscow’s desperate search for new buyers amid Western sanctions following

By Eva Rothenberg, CNN New York (CNN) — The CEO of Texas-based baby clothing company Kyte Baby has issued two apologies after denying a remote work request by an employee whose baby was admitted into a neonatal intensive care unit. In late December, Kyte Baby worker Marissa Hughes and her partner adopted a baby boy

By Jeanne Sahadi, CNN New York (CNN) — Former US Vice President Al Gore, 75, is stepping down from Apple’s board because of the company’s age-based restrictions for its directors, and it raises the question of ageism in Corporate America. By no means is age 75 — or any age over 65 — an automatic

Elizabeth Wagmeister Los Angeles (CNN) — After a year in which both actors and writers hit the picket lines, another Hollywood strike may be on the horizon. The American Federation of Musicians (AFM), a union representing musicians across the entertainment industry, will begin negotiations Monday on a new contract with the Alliance of Motion Picture

By Samantha Delouya, CNN Los Angeles (CNN) — The US economic picture of the last few years has been defined by an ultra-strong labor market. But new online job posting data suggests a possible slowdown: Total job postings on online job site Indeed have fallen more than 15% compared to the start of 2023, according