Money

By Michelle Toh, CNN Hong Kong (CNN) — Huawei, the tech giant which has been a flashpoint in the escalating rivalry between Washington and Beijing, says it is “back on track” with a strong 2023. The Shenzhen-based conglomerate said Friday it expects to bring in more than 700 billion yuan ($99 billion) in revenue in 2023, partly

By Ramishah Maruf, CNN New York (CNN) — Regulators have issued a recall for high-powered magnetic balls after the US Consumer Product Safety Commission issued several warnings for the toy kits, citing the risk of injury or even death. Walmart recalled the “Relax 5mm Science Kit, Large Hematite Magnets Magnetic Stones Building Blocks,” sold exclusively

By Ramishah Maruf, CNN New York (CNN) — Francoise Bettencourt Meyers, the L’Oreal heiress and richest woman in the world, has become the first woman to hold a $100 billion fortune, Bloomberg reported Thursday. The Bloomberg Billionaire’s Index, which reflects changes as of 5 pm ET of the previous trading day, lists Bettencourt Meyers as

By Gregory Wallace, CNN (CNN) — Boeing has asked airlines to inspect all of their 737 Max jets for a potential loose bolt in the rudder system after an airline discovered a potential problem with a key part on two aircraft. An unnamed international airline found a bolt with a missing nut in a rudder-control

By Elisabeth Buchwald and Anna Bahney, CNN New York (CNN) — US mortgage rates continued to drop this week, which extends the good news for home buyers who have been facing the least affordable housing market since the 1980s. After dropping under 7% in early December for the first time since mid-August, rates fell again

By Nathaniel Meyersohn, CNN New York (CNN) — Tipping culture has changed a lot over the last few years, and many Americans are confused about what to do. Seventy-two percent of people say that tipping is expected in more places today than it was five years ago, according to Pew. But only about a third

By Elisabeth Buchwald and Anna Bahney, CNN New York (CNN) — In a miserable year for home sales, sometimes no news is good news. Following a steep decline in October, pending home sales in the United States remained at a 20-year low in November, according to a report released Thursday. Meanwhile, the pending home sales

By Jordan Valinsky and David Goldman, CNN New York (CNN) — Amazon emailed its millions of Prime members this week, alerting them to an upcoming change to the streaming service that will leave customers with two options: pay more or watch ads. Starting January 29, Prime Video will feature “limited” advertisements, Amazon said in its

By Jeanne Sahadi, CNN New York (CNN) — You may think that improving your financial life is simply a matter of taking unpleasant but necessary steps: Curb spending. Cut debt. Make more. Boost savings. But, in real life, if your money resolutions for 2024 are just a long list of financial chores that you know

By Michelle Toh, CNN Hong Kong (CNN) — Xiaomi has unveiled its first electric car, just days after Huawei launched another one of its own, showing that the efforts of Chinese tech giants to join the electric vehicle race are beginning to bear fruit. Xiaomi unveiled the SU7 sedan Thursday, two days after Huawei launched

CNN By Anna Cooban, CNN London (CNN) — Sales of vinyl records in the United Kingdom have surged this year to hit the highest level since 1990 — with a little help from Taylor Swift. Vinyl sales have jumped 11.7% so far in 2023 to 5.9 million units, according to preliminary figures released Thursday by

By Anna Cooban, CNN London (CNN) — Sales of vinyl records in the United Kingdom have surged this year to hit the highest level since 1990 — with a little help from Taylor Swift. Vinyl sales have jumped 11.7% so far in 2023 to 5.9 million units, according to preliminary figures released Thursday by the

By Nathaniel Meyersohn, CNN New York (CNN) — Several New York State lawmakers want to require restaurants at rest stops along the state’s 500-mile Thruway to stay open seven days a week to serve drivers, including Chick-fil-A, which famously closes on Sundays. “The [traveling] public and commercial trucking industry rely on these service areas to

By Riley Gutiérrez McDermid, CNN San Francisco (CNN) — It was a long year for Silicon Valley, but it may have felt even longer to outsiders, who watched the tech world essentially implode and regroup over the course of 2023 in ways both typical (layoffs, restructurings) and deeply unhinged (everything below). From the failure of

CNN By Samantha Delouya, CNN (CNN) — It’s been a rollercoaster lately for Apple Watch shoppers. The newest models were yanked from Apple’s shelves in the throes of the holiday shopping season amid an ongoing patent dispute, though a last-minute court order means they’ve started going back on sale ­– for now, at least. Here’s

By Samantha Delouya, CNN (CNN) — It’s been a rollercoaster lately for Apple Watch shoppers. The newest models were yanked from Apple’s shelves in the throes of the holiday shopping season amid an ongoing patent dispute, though a last-minute court order means they’ve started going back on sale ­– for now, at least. Here’s what

By Erica Hill and Yon Pomrenze, CNN (CNN) — In his 23 years with the Golden, Colorado, police department, a shorter workday — or work week — was never something Commander Marcus Williams thought about. “This was always considered something of a grind as part of the profession, one of those things you just kind

By Elizabeth Wolfe, CNN (CNN) — An estimated $760 million jackpot will be up for grabs in the next Powerball drawing after no winning ticket was drawn Wednesday night. The lottery’s next drawing will be Saturday at 10:59 p.m. ET. After more than two months with no grand prize winner, the jackpot now carries a

By Ramishah Maruf, CNN New York (CNN) — Gaston Glock, the inventor of the ubiquitous gun bearing his name, died on Wednesday. He was 94. The Glock company announced his death on its website, without giving a cause or other details. The Glock is universal in mainstream culture, from use in over 65% of US