By Chris Isidore, CNN Business The still-clogged global supply chain continues to wreak havoc on the auto industry. Ford said late Monday it will end September with between 40,000 and 45,000 large pickups and SUVs that it can’t finish because it doesn’t have all the parts. Negotiations on various supplies, which Ford did not identify,
Continue Reading By Rachel Metz, CNN Business Regulators have spent years trying to make big tech companies pay for the ways they harvest and, at times, abuse users’ data. One state, meanwhile, is literally making them pay up — and pay out directly to consumers. Illinois is one of just a few states in the United States
Continue Reading By Julia Horowitz, CNN Business For years, the climate for hedge funds was tough. Volatility was low. The price of everything was going up. It wasn’t that hard to make money. In that type of environment, why think outside the box? But as central banks continue with their aggressive campaign of interest rate hikes aimed
Continue Reading By Chris Isidore and Matt McFarland, CNN Business The fact that there is not a freight railroad strike happening this week is a huge win for the US economy and its still struggling supply chain. But that doesn’t mean that the freight railroads are providing good service to their customers. Many of the problems tangling
Continue Reading By Michelle Toh, CNN Business People around the world are searching for ways to shield themselves from the impact of stubbornly high inflation, and the rich are no exception. Nuno Matos, HSBC’s CEO of wealth and personal banking, told CNN Business that global investors were “not being as active as they used to be,” with
Continue Reading By Clare Duffy, CNN Business Twitter co-founder and former CEO Jack Dorsey will be questioned on Tuesday morning by lawyers for the company and Elon Musk as part of the court fight over their $44 billion acquisition deal, according to a notice of a deposition filed Monday. Dorsey — who stepped down as CEO of
Continue Reading By Catherine Thorbecke, CNN Business Rockstar Games confirmed on Monday that hackers had leaked some unreleased footage from its next iteration of the wildly popular “Grand Theft Auto” franchise. The video gaming community was rocked by the emergence online of some screenshots and game-play videos purportedly from the highly-anticipated next installment of “Grand Theft Auto,”
Continue Reading By Nadeen Ebrahim, CNN The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily wealthy once again. But experts warn that it may be the last such upswing. The energy price spike triggered by the war lifted the Gulf states out of an almost decade-long economic slump that saw
Continue Reading By Brian Fung, CNN Uber has linked the cybersecurity incident it disclosed last week to hackers affiliated with the Lapsus$ gang, a group accused of numerous high-profile corporate data breaches. The company also said the attackers were able to download or access company Slack messages and invoice-related data from an internal tool. In a blog
Continue Reading By Brian Fung, CNN Uber has linked the cybersecurity incident it disclosed last week to hackers affiliated with the Lapsus$ gang, a group accused of numerous high-profile corporate data breaches. The company also said the attackers were able to download or access company Slack messages and invoice-related data from an internal tool. In a blog
Continue Reading By Peter Valdes-Dapena, CNN Business As the big Chrysler 300 sedan, with its trademark large square grille, approaches the end of an 18-year production run, the brand unveiled a special edition model in Detroit last Tuesday night. That model, the Chrysler 300C, comes with a 485-horsepower V8, but it could have had much more power
Continue Reading By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able to rein in historically high inflation and that he’s hoping the Federal Reserve will achieve a “soft landing” by slowing economic growth without going into recession. “I’m telling the American people that
Continue Reading By Alicia Wallace, CNN Business President Joe Biden expressed optimism about the direction of the US economy Sunday, saying America will be able to rein in historically high inflation and that he’s hoping the Federal Reserve will achieve a “soft landing” by slowing economic growth without going into recession. “I’m telling the American people that
Continue Reading By Frank Pallotta, CNN Business It’s good to be “The Woman King.” The new Sony Pictures Entertainment film starring Viola Davis as the leader of an all-female set of warriors took the No. 1 spot at the domestic box office this weekend with a surprising $19 million, according to Sony. The film’s total is somewhat
Continue Reading By Nicole Goodkind, CNN Business US stocks alternated between slight losses and modest gains Monday before eventually closing higher ahead of the Federal Reserve’s two-day policy meeting later this week. The Dow closed up about 197 points, or 0.6%, while the S&P 500 and Nasdaq Composite rose 0.7% and 0.8% respectively. The bond market reached
Continue Reading By Julia Horowitz, CNN Business Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line. “If we
Continue Reading By Laura He, CNN Business The future looked promising for Cherry in May last year, when she secured a prestigious internship at a major software firm, while still studying at a university in Wuhan. The company told her that she could start working for them full time, once she graduates. But her situation changed dramatically
Continue Reading By Emma Tucker, CNN When a TikTok user searches the social media app for information on top news stories, ranging from Covid-19 vaccines to school shootings, nearly 20% of the videos presented as search results contain misinformation, according to a research report published Wednesday. Researchers at NewsGuard, a journalism and technology tool that tracks online
Continue Reading By Zoe Sottile, CNN A man mistakenly received a payment of almost $250,000 from Google — even though he hadn’t done any work for the company. Sam Curry, a staff security engineer at cryptocurrency company Yuga Labs, described the baffling payment on his verified Twitter account on Tuesday. “It’s been a little over 3 weeks
Continue Reading By Ramishah Maruf, CNN Nissan is recalling more than 200,000 pickup trucks due to a risk that the vehicles could roll away while in park. Nissan Frontiers and Titans from years 2020 through 2023 are the affected models, representing 203,223 vehicles sold. The NHTSA said the trucks could roll away because the transmission parking pawl,
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