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By Melissa Alonzo (CNN) — Faculty members at California State University (CSU), the largest public university system in America, have ended their one-day strike after reaching a tentative agreement with management. The agreement, which must be ratified by the California Faculty Association (CFA), includes a 5% raise for all faculty effective July 1, 2023 and another

By Michelle Toh, CNN Hong Kong (CNN) — Riot Games, the developer of hit video games like “League of Legends” and “Valorant,” is cutting 11% of staff around the world, becoming the latest tech company to downsize. The Los Angeles-based company, which is owned by Chinese tech giant Tencent, announced the news Monday, calling the

By Jessie Yeung and Hilary Whiteman, CNN Brisbane, Australia (CNN) — Australia has publicly named and imposed cyber sanctions on a Russian national for his alleged role in a 2022 ransomware attack, in the country’s first use of the penalty. The attack stole sensitive personal data from 9.7 million customers of Medibank, one of Australia’s

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive advertising and banned the company from advertising its services for free unless it is free for all customers. By running ads for “free” tax services

By Matt Egan, CNN (CNN) — The Dana-Farber Cancer Institute, a prestigious Harvard teaching school, is moving to retract six studies and correct 31 others following allegations of data manipulation. The steps by the Harvard Medical School affiliate come after a molecular biologist published a blog post earlier this month alleging researchers falsified data by manipulating images.

By Ramishah Maruf and Jennifer Korn, CNN New York (CNN) — Apple’s major iPhone security update is now available to download, designed to keep thieves from accessing users’ vast personal data stored on the devices, the company announced Monday. The “Stolen Device Protection” update adds an extra layer of protection by creating additional steps to

By Krystal Hur, CNN New York (CNN) — Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever. The Dow rose 138 points, or 0.4%, ending the day at 38,001.81. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%. The S&P

By Brian Fung, CNN Washington (CNN) — Social media companies should be treated as utilities such as telephone or telegraph companies, a group of states led by Republican attorneys general told the US Supreme Court on Monday. In a friend-of-the-court brief, 19 states and the state legislature of Arizona wrote that the Supreme Court should

By Elisabeth Buchwald, CNN New York (CNN) — If the economy were to undergo an annual physical, Richmond Federal Reserve President Tom Barkin would rate it “reasonably healthy.” That’s because, undeterred by the highest interest rates in 23 years, consumers are still spending and jobs are plentiful, though the pace of both hiring and spending

By Samantha Delouya, CNN Los Angeles (CNN) — Thousands of faculty members at California State University, the largest university system in the US, walked off the job on Monday, the first day of spring semester classes for much for the university system’s 450,000 students. The striking staff are part of the California Faculty Association union,

CNN By Gregory Wallace and Hanna Ziady, CNN (CNN) — The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an Alaska Airlines flight earlier this month. The FAA on Sunday

By Issy Ronald, CNN (CNN) — H&M has apologized for and removed a school uniform advertisement in Australia after users on social media complained that it sexualized children. “We have removed this ad,” the Swedish fashion giant told CNN. “We are deeply sorry for the offense this has caused and we are looking into how

By Matt Egan, CNN New York (CNN) — Famed economist Larry Summers slammed Harvard’s top leaders on Sunday over concerns about how the Ivy League school is fighting antisemitism. Summers, a former president of Harvard, strongly criticized the selection of Harvard professor Derek Penslar as the co-chair of a newly-formed presidential task force on antisemitism. “I have

By Clare Duffy, CNN New York (CNN) — Elon Musk — who was widely criticized for an antisemitic post on his social media site, X, two months ago — said following a visit to Auschwitz Monday that X has less antisemitic content than other social media platforms. But Musk conceded that he wasn’t aware until

By Catherine Thorbecke, CNN (CNN) — As anxiety about artificial intelligence tools putting workers out of jobs reaches a global fever pitch, new research suggests that the economy isn’t ready for machines to put most humans out of work. The fresh research finds that the impact of AI on the labor market will likely have

CNN By Jeanne Sahadi, CNN New York (CNN) — The crisis that has enveloped clothing company Kyte Baby this week might not have happened if the United States had a national paid parental leave policy in place. Company founder and CEO Ying Liu was forced to offer two public apologies after making, in her words,

By Anna Cooban and Laura He, CNN London/Hong Kong (CNN) — China’s stock market had a rough 2023 and the rout has accelerated in the first few weeks of the new year, after Beijing dashed hopes that it might do more to support the struggling economy. Hong Kong’s benchmark Hang Seng Index fell 2.3% Monday,

By Jordan Valinsky, CNN New York (CNN) — Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.” Last month, Arkhouse Management, a real estate-focused investing firm, and Brigade Capital Management, a global asset manager, offered to buy the remaining Macy’s shares

By Michelle Toh, CNN Hong Kong (CNN) — French gambling giant La Française des Jeux (FDJ) has offered to acquire online betting firm Kindred for 27.95 billion Swedish kronor (about $2.67 billion). Both parties confirmed the widely anticipated news on Monday, with FDJ saying it hoped to “create a European gaming champion” and become the

By Diksha Madhok, CNN New Delhi (CNN) — A dramatic acquisition saga in one of the world’s fastest growing media industries is headed for a bitter ending. Sony Group (SONY) has called off the merger between its India unit and Mumbai-based Zee Entertainment, the Japanese company said on Monday. The deal was announced two years