Money

By Laura He, CNN Hong Kong (CNN) — China’s ruling Communist Party has set ambitious long-term policy goals at its most important political meeting on reform, but offered little detail on how to pull the world’s second-largest economy out of a worsening downturn. In a behind-closed doors meeting known as the third plenum, more than

By Nathaniel Meyersohn, CNN New York (CNN) — Years ago, some people would spend hours at Starbucks. Today, it’s a takeout counter. At many Starbucks locations, you’re lucky to find anyone sitting down. Under Howard Schultz, Starbucks’ longtime leader, cafes were positioned as a “third place” between work and home, where people could linger for

By Holly Yan, Paradise Afshar, Justin Lear and Jessie Yeung, CNN (CNN) — Thousands of US flights were grounded Friday as a technical disaster plagued government agencies and businesses worldwide – leading to countless stranded passengers, canceled medical procedures and disrupted 911 services. A cybersecurity company said the debacle is “not a security incident or cyberattack.” But the technical

CNN Analysis by Sean Lyngaas, CNN (CNN) — When computers and tech systems around the world went down Friday, snarling airports, closing Social Security offices and limiting jail operations, many people had one question: How on earth could this happen in 2024? A software update from a single cybersecurity company, US-based CrowdStrike, was the root

By Mary Kay Mallonee, CNN (CNN) — The Justice Department said on Thursday that it has made “substantial progress” in finalizing an agreement with Boeing to plead guilty to defrauding the US government, but more time is needed to work out the remaining details. Earlier this month, Boeing (BA) agreed to plead guilty to one

By David Goldman, CNN (CNN) — A significant Microsoft outage brought low-cost carrier Frontier Airlines and some competitors to a standstill for hours after a regulator halted departures. The ground stop was lifted late Wednesday night. “Our systems are currently impacted by a Microsoft outage, which is also affecting other companies,” Frontier said in a

By Kathleen Magramo, Hassan Tayir and Joyce Jiang, CNN Hong Kong (CNN) — In China, it’s possible to travel six miles in a driverless taxi for just about 50 cents. Self-driving cars, commonly called robotaxis, are being popularized at cut-throat prices in Wuhan, a sprawling metropolis of over 11 million people in central China. It

By Ramishah Maruf and Mark Morales, CNN New York (CNN) — J. Michael Cline, the founder of movie ticket company Fandango, fell to his death from a New York City hotel Tuesday, a law enforcement official confirmed to CNN. The New York Police Department said that around 10 am on Tuesday, the 64-year-old was found

By Ramishah Maruf, CNN New York (CNN) — Bissell has recalled about 3.2 million handheld Steam Shot cleaners, which are popular across social media, after more than 150 burn injury reports. The recall, posted by the Consumer Product Safety Commission on Thursday, said that the steam cleaner, a popular item on TikTok under the hashtag

By Oliver Darcy, CNN (CNN) — Lou Dobbs, the longtime business news anchor who became one of Donald Trump’s most vocal supporters in media, died on Thursday. He was 78. “It’s with a heavy heart that we announce the passing of ‘the great Lou Dobbs,’” a statement posted on his official social media account said, calling

By Ramishah Maruf, CNN New York (CNN) — This week, AT&T notified millions of customers that their data was likely stolen in an April leak that the company disclosed earlier this month. Meanwhile, comprehensive laws that would protect customers from hacks keep struggling to pass, as AT&T and its rivals have fought back against and

By Krystal Hur, CNN New York (CNN) — US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow ended the day lower by 533 points, or 1.3%, retreating from a record high reached a day ago. The S&P 500 fell 0.8%. The Nasdaq Composite fell 0.7%, extending its losses

By Hadas Gold, CNN (CNN) — The US Secret Service pushed back Thursday against recent criticism from right-wing media personalities and lawmakers blaming female agents for security failures during the assassination attempt on former President Donald Trump. In the wake of the Saturday shooting, some right-wing media figures focused their attention on the female agents

By Oliver Darcy, CNN Milwaukee (CNN) — America’s eyes are finally fixated on the 2024 election. After months of tuning out what had been a fairly predictable and uneventful race between the two party incumbents, recent earthshaking events have upended the state of politics, adding an unexpected wrinkle to the storyline and prompting audiences to

By Peter Valdes-Dapena, CNN (CNN) — Classic Ferraris can be among the most valuable cars in the world with some selling for tens of millions of dollars. That value also means it’s a ripe market for counterfeits. Ferrari is so determined to maintain the authenticity of its cars, then, that it’s crushing potential fakes into

By Jordan Valinsky, CNN New York (CNN) — Bud Light, formerly the top-selling beer in the United States, has had a tough year since a boycott upended the industry. It’s only getting worse: The brand has now fallen into third place. Michelob Ultra, also brewed by Anheuser-Busch, leapfrogged Bud Light to become the second-best selling

By Samantha Delouya, CNN (CNN) — Netflix will start phasing out its Basic plan, its cheapest advertising-free plan, which costs $11.99 per month in the United States, the company said on Thursday. The company had previously stopped accepting new sign-ups for the Basic plan, instead pushing customers to Netflix’s ad-supported plan, which costs $6.99 per

By Sergey Gudkov and Anna Chernova, CNN (CNN) — The espionage trial of American journalist Evan Gershkovich resumed in a Russian court on Thursday after being brought forward at the request of his defense. Gershkovich attended the court hearing in person, according to the court’s press service, with the hearing being held behind closed doors. The

By Hadas Gold, CNN New York (CNN) — In the days following the assassination attempt on former President Donald Trump, the Secret Service, charged with securing the Pennsylvania event, has faced scrutiny for the extraordinary breach that led to the agency’s worst failure in decades. But one narrative has quickly taken hold in parts of