Money

By Peter Valdes-Dapena, CNN Business (CNN) — General Motors is putting off adding a second factory for production of its electric pickups until late 2025, the automaker announced Tuesday. The Silverado EV is now being produced at GM’s Factory Zero Detroit-Hamtramck Assembly, where it is built alongside the GMC Hummer EV. The GMC Sierra EV

By Parija Kavilanz, CNN New York (CNN) — Victoria’s Secret, for the first time, has introduced a collection of bras and panties specifically designed to meet the needs of women with disabilities. The retailer announced the launch of the VS & PINK Adaptive line on Tuesday and said the merchandise is now available to customers

By Ariel Edwards-Levy, CNN (CNN) — Americans overwhelmingly side with unionized autoworkers in their ongoing strike against major car companies, a new CNN poll conducted by SSRS finds, even as most say that elected officials should steer clear of labor disputes. Asked about the current United Auto Workers union strike against General Motors, Ford and

By Matt Egan, CNN New York (CNN) — Billionaire Ronald Lauder, a powerful financial backer of the University of Pennsylvania, is threatening to cut off donations if the school doesn’t do more to fight antisemitism, CNN has learned. The threat from Lauder, one of the heirs to the Estee Lauder cosmetics company, marks the latest

By Elisabeth Buchwald, CNN New York (CNN) — When war broke out in Ukraine last year, Federal Reserve officials were quick to speak about it. “Let me comment on what I think is on everyone’s minds today: Russia’s attack on Ukraine,” Fed Governor Chris Waller said on February 24, 2022, hours after Russia invaded Ukraine.

By Parija Kavilanz, CNN New York (CNN) — Tupperware Brands named consumer products veteran and former long-time CEO of Spanx Laurie Ann Goldman as its new CEO on Wednesday amid ongoing attempts to continue to survive as a business. Goldman takes over the role from Miguel Fernandez, effective immediately, the company said. Tupperware shares jumped

By Anna Cooban London (CNN) — Citibank has won an employment tribunal case brought by an analyst it sacked for claiming expenses for meals he shared with his partner, and then lying about it. Szabolcs Fekete, a senior analyst, sued the bank for unfair dismissal after he submitted expenses for two sandwiches, two coffees, a

By Nicole Goodkind, CNN New York (CNN) — Lollapalooza will never be the same. Goldman Sachs chief executive (and noted party DJ) David Solomon will no longer perform at high-profile events, picking Wall Street over South Beach, a representative from the second-largest investment bank confirmed to CNN. “David decided to stop publicly DJing more than

By Bryan Mena, CNN Washington, DC (CNN) — Spending at US retailers continued to grow last month, a fresh sign that American shoppers aren’t tapping out just yet. Retail sales, which are adjusted for seasonality but not inflation, grew 0.7% in September from the prior month. That’s slightly below August’s revised 0.8% gain and marks

By Oliver Darcy, CNN (CNN) — NBC News is uniting with a pair of strange bedfellows for the third Republican Party primary debate. The Republican National Committee on Monday formally announced that it will partner with the Peacock network to host the Miami face-off, along with the Salem Radio Network and Rumble, two right-wing media

By Hanna Ziady, CNN London (CNN) — Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations and tackle years of underperformance. Britain’s flagship engineering firm, which makes engines for Boeing (BA) and Airbus planes, said Tuesday that the cuts were part of a broader strategic overhaul

By Nicole Goodkind, CNN New York (CNN) — Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here.

By Jennifer Korn, CNN New York (CNN) — Foreign nationals and dual citizens have scrambled to find ways to get out of Israel after Hamas’ gruesome attack on October 7 pushed the country into war. But leaving the country has proven to be an emotional and arduous task, with complications that include soaring ticket prices,

By Michelle Toh, CNN Hong Kong (CNN) — Chinese tech giant Baidu is officially taking on GPT-4. On Tuesday, the company unveiled ERNIE 4.0, the newest version of its artificial intelligence chatbot that it directly compared to the latest iteration of OpenAI’s ChatGPT. The new ERNIE Bot “is not inferior in any aspect to GPT-4,”

By Parija Kavilanz, CNN New York (CNN) — Spending on the holiday season is expected to rebound to – and even surpass – pre-pandemic levels this year for the first time. But, surprisingly, it’s not gifts that consumers will be splurging on the most in the runup to Christmas, according to a new report Tuesday

By Catherine Thorbecke, CNN (CNN) — The same New York City administration to launch a “Rat Action Plan” is back with an “Artificial Intelligence Action Plan.” Mayor Eric Adams on Monday unveiled a citywide AI “action plan” that pledged – in broad-brushstrokes – to evaluate AI tools and associated risks, boost AI skills among city

By Liam Reilly, CNN (CNN) — Reuters editor-in-chief Alessandra Galloni called for an investigation into the death of Issam Abdallah, the Reuters video journalist who was killed Friday when he was struck by a shell that originated in Israel while filming cross-border fire between Israel and Lebanon. “I am reiterating my call to the Israeli

By Anna Bahney, CNN Washington, DC (CNN) — Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades for fixed-rate mortgages. As rates for the 30-year fixed-rate loan climb to levels not seen in 23 years,

By Matt Egan, CNN New York (CNN) — A nonprofit founded by former Victoria’s Secret billionaire Leslie Wexner and his wife Abigail is breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ terror attacks against Israel. The Wexner Foundation’s decision to end its relationship and financial support for Harvard is

By Ramishah Maruf, CNN New York (CNN) — LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform announced Monday. In a blog post, the social media site for professionals said it is making changes to its organizational structure and streamlining