Money

By Hannah Rabinowitz and Brian Fung, CNN (CNN) — A Google employee was charged Tuesday with stealing artificial intelligence trade secrets from the tech giant while secretly working with two Chinese-based companies in the AI industry. Linwei Ding, who also goes by Leon Ding, is charged with four counts of theft of trade secrets. If

By Ramishah Maruf, CNN New York (CNN) — Linkedin was back online Wednesday after tens of thousands of users reported outages on the professional networking site, according to outage tracker Downdetector. The outage lasted about an hour, according to LinkedIn’s status page. LinkedIn confirmed the outage on X, saying its teams were working to resolve

By Gregory Wallace and Pete Muntean, CNN (CNN) — Boeing has not turned over important records to investigators probing the door plug blowout on a 737 Max earlier this year, investigators say. That, Boeing signaled Wednesday afternoon, is because there are no records. The records in question are documentation of steps on the assembly line

By Samantha Delouya, CNN (CNN) — Regulators on Wednesday passed a rule requiring companies to share how much they pollute. But, after two years of backlash, the final rule was significantly watered down from its original version. Some business leaders and lawmakers said the rule overstepped; climate activists argued it didn’t do enough. The version

By Anna Cooban, CNN London (CNN) — The United Kingdom has announced that it will scrap a 225-year-old rule that has allowed many of its richest residents to pay hardly any tax on their vast foreign earnings — a benefit enjoyed at one point by the prime minister’s wife. The axing of the non-domiciled tax regime

By Elisabeth Buchwald, CNN New York (CNN) — Beleaguered regional lender New York Community Bank (NYCB) is receiving a more than $1 billion equity investment. The majority of the investment, $450 million, is coming from former Treasury Secretary Steven Mnuchin’s firm, Liberty Strategic Capital. The remaining sum will come from Hudson Bay Capital, Reverence Capital

By Clare Duffy, CNN New York (CNN) — A Microsoft employee is warning the company’s artificial intelligence systems could create harmful images, including sexualized images of women, according to a letter he sent to the US Federal Trade Commission Wednesday. Shane Jones, a Microsoft principal software engineering lead, claimed that the company’s AI text-to-image generator

By Jordan Valinsky, CNN New York (CNN) — Starbucks’ Middle East franchisee, Alshaya Group, is cutting thousands of jobs at its coffee shops because of a “challenging” work environment as the chain grapples with boycotts over the brand relating to Israel’s war against Hamas in Gaza. In a statement to CNN, Alshaya said the layoffs

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve is in no rush to cut interest rates, Fed Chair Jerome Powell testified before congressional lawmakers Wednesday. That means more pain for Americans, who have already faced almost two years of rising borrowing costs on everything from car loans to mortgages. However, it’s unlikely that there will be any

By Ramishah Maruf and Brian Fung, CNN New York (CNN) — A federal judge has allowed parts of a $250 million copyright lawsuit to proceed against Elon Musk’s X, handing the social media company a blow as it faces allegations that it helped some people use artists’ music without permission. The decision exposes X, formerly

By David Goldman, CNN New York (CNN) — OpenAI fired back at Elon Musk, who sued the ChatGPT company last week for chasing profit and diverging from its original, nonprofit mission. Tuesday night, OpenAI published several of Musk’s emails from the early days of the company that appear to show Musk acknowledging OpenAI needed to make

By Clare Duffy, CNN New York (CNN) — Leading artificial intelligence image generators can be manipulated into creating misleading election-related images, according to a report released Wednesday by tech watchdog the Center for Countering Digital Hate. The findings suggest that despite pledges from leading AI firms to address risks related to potential political misinformation ahead of

By Jordan Valinsky, CNN New York (CNN) — Oscar Mayer is going vegan, even though the fad appears to be fading. For the first-time ever, the Kraft Heinz-owned brand is going plant-based with two new versions of its hot dog and sausage it says offer a “smoky, savory taste and thick, juicy bite” that mirror

By Hanna Ziady, CNN London (CNN) — UK finance minister Jeremy Hunt announced a tax cut for workers Wednesday as he unveiled what is likely to be the government’s last budget before a general election later this year. Hunt cut national insurance — a levy paid by people who work — by two percentage points.

By Samantha Delouya, CNN Los Angeles (CNN) — A Panera Bread franchise owner in California said he will raise the minimum wage for his employees after accusations he benefited from ties to the state’s governor to avoid hiking pay. A new state minimum wage law exempts certain businesses that make and sell bread – a carveout

WMUR By Chris Isidore, CNN New York (CNN) — Members of the Dartmouth College men’s basketball team Tuesday became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports. The team members voted 13-2 in favor of the union, according to the National Labor

By Samantha Murphy Kelly, CNN (CNN) — iPhone sales dropped 24% in the first six weeks of 2024, according to a new report, adding to significant problems for Apple and other Western tech companies in a crucial market. Analysts from Counterpoint Research said the overall mobile market in China fell by 7% with companies including

By Matt Egan, CNN New York (CNN) — Rep. Virginia Foxx, the Republican chairwoman of the House Education Committee, said Tuesday that Harvard University has failed to comply with her unprecedented subpoena for documents on campus antisemitism. Foxx said in a statement that her committee is now “weighing an appropriate response to Harvard’s malfeasance.” “Harvard