Money

By Alicia Wallace, CNN New York (CNN) — US consumers did not rein in their spending this past holiday season, and now have near-record-breaking debt balances to show for it, according to new Federal Reserve data released Monday. Consumer borrowing spiked by $23.75 billion in November, more than doubling economists’ expectations for a $9 billion

By Catherine Thorbecke, CNN New York (CNN) — Apple said Monday that its Vision Pro mixed reality headset will be available for purchase in the United States beginning on February 2, with pre-orders beginning on January 19. The Vision Pro headset, Apples’ riskiest and most ambitious new hardware offering in years, is also one of

By Jordan Valinsky, CNN New York (CNN) — Alaska Airlines and United Airlines, both major US operators of the Boeing 737 Max 9, cancelled a combined 342 flights Monday as the grounding of the aircraft continues to majorly disrupt their schedules. FlightAware, an airline tracking service, said 138 Alaska flights were cancelled Monday, amounting to

By Anna Cooban, CNN London (CNN) — Shares of Boeing and one of its key suppliers dropped sharply on Monday as investors grew worried about possible damage to the businesses after a piece of fuselage on a Boeing 737 Max 9 blew out mid-flight. The Alaska Airlines flight, which had been travelling from Portland, Oregon,

By Wayne Chang and Michelle Toh, CNN Taipei/Hong Kong (CNN) — China said Monday it has detained a foreign national who was the head of an overseas consulting firm for allegedly spying on behalf of the United Kingdom. China’s civilian spy agency, the Ministry of State Security (MSS), said in a statement that it had

By Michelle Toh, CNN Hong Kong (CNN) — Another former top business leader in China has been kicked out of the Chinese Communist Party, showing how a crackdown on the country’s financial sector is continuing into the new year. Tang Shuangning, the ex-chairman and party chief of the China Everbright Group, has been expelled over “serious violations

By Eva Rothenberg and Ramishah Maruf, CNN New York (CNN) — Audacy, the struggling multi-platform audio content company, has begun prepackaged Chapter 11 bankruptcy proceedings in US Bankruptcy Court for the Southern District of Texas, the company announced Sunday. The internet radio conglomerate — among the biggest radio companies in the country — was saddled

By Eva Rothenberg, CNN New York (CNN) — Some airlines have experienced delays this weekend after an Alaska Airlines flight was forced to make an emergency landing Friday when a panel and window blew out of the Boeing 737 MAX 9 aircraft. The incident has led to a federal investigation, and a number of airlines

By Eva Rothenberg, CNN New York (CNN) — Billionaire hedge fund manager Bill Ackman said Sunday that he has “good reason to believe” the plagiarism accusations against his wife Neri Oxman were spearheaded by either faculty or administrators at the Massachusetts Institute of Technology. Ackman said it was based on “new information,” which he did

By Samantha Murphy Kelly, CNN (CNN) — The first companion robot with ChatGPT, an AI “smart belt” that helps guide the visually impaired and AI-powered vacuums, mops and other appliances. Coming off a year where artificial intelligence dominated headlines and attention across the tech industry, the new products launching at this year’s Consumer Electronics Show

By Bryan Mena, CNN Washington, DC (CNN) — Wall Street is clearly antsy for the Federal Reserve to begin cutting interest rates. Some think that could happen as soon as March. But Fed officials aren’t as optimistic, penciling in only three rate cuts this year, which is about half what the market is currently pricing.

By David Goldman, CNN New York (CNN) — Pat McAfee, the sports-talk sensation who has found life working for the “Worldwide Leader in Sports” can be more complicated than hosting his own YouTube show, has accused his new business partners of purposefully undermining him and his show. On a Friday broadcast of “The Pat McAfee

CNN By Oliver Darcy, CNN (CNN) — A controversial New York Times opinion piece that openly speculated this week whether Taylor Swift is a closeted queer person has drawn the ire of the pop superstar’s associates, CNN has learned. “Because of her massive success, in this moment there is a Taylor-shaped hole in people’s ethics,”

By Eva Rothenberg and David Goldman, CNN New York (CNN) — Boeing faces scrutiny over the safety of its aircrafts after an Alaska Airlines flight was forced to make an emergency landing Friday when a panel and window blew out. Although it’s unclear what or who was to blame for the incident, engineering and quality

By Chris Isidore, CNN New York (CNN) — Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined $12.2 billion last year, more than short sellers lost on any other company in 2023. That estimate,

By Oliver Darcy, CNN (CNN) — A controversial New York Times opinion piece that openly speculated this week whether Taylor Swift is a closeted queer person has drawn the ire of the pop superstar’s associates, CNN has learned. “Because of her massive success, in this moment there is a Taylor-shaped hole in people’s ethics,” a

By Bryan Mena, CNN Washington, DC (CNN) — Community colleges provide access to postsecondary education at a much lower cost compared to four-year universities. But even as employers nationwide are struggling to find qualified workers, community college enrollment is barely beginning to recover from a two-decade steady decline and an even steeper dive when the

By Matt Egan, CNN New York (CNN) — Venture capitalist Ramanan Raghavendran is taking the helm of the University of Pennsylvania’s board of trustees following the sudden resignation of Scott Bok last month amid a firestorm of controversy. The school announced on Thursday that Raghavendran, a Penn graduate and managing partner of venture capital firm Amasia, is taking over as

By Samantha Delouya, Jeff Winter and Lauren del Valle, CNN (CNN) — The third round of documents from a lawsuit connected to Jeffrey Epstein, the convicted pedophile who died in jail before he could face trial on federal sex-trafficking charges, was publicly released Friday. Friday’s release included over thirteen hundred pages as of mid-afternoon, and