Money

By Samantha Delouya, CNN Los Angeles (CNN) — If your idea of train travel – fast, easy, ubiquitous, even glamorous – is from movies like “Before Sunrise” or “Bullet Train” set in Europe or Asia, you’ll be surprised to learn that the US was once the world’s superpower in passenger trains. With a busy transcontinental

By Nathaniel Meyersohn, CNN New York (CNN) — When Sears, Toys “R” Us and Circuit City filed for bankruptcy in recent years, it was an opportunity for other retailers to move into their old storefronts. Now, retailers are pouncing on empty Bed Bath & Beyond stores. “Some of our best stores were created from carved-up

By Parija Kavilanz, CNN New York (CNN) — Let the shopping games begin. Deal-hunters headed to their favorite stores in person and online on the day after Thanksgiving to bag what they hope are some of the best early bargains of the year-end holiday period. So are the start-of-the-season deals enticing enough for shoppers or

By Jordan Valinsky, CNN New York (CNN) — Chances are, you or someone you know is getting ready to shop on Black Friday. The informal kickoff to the Christmas shopping season has morphed into a spectacle that helps retailers lure shoppers to their stores, sometimes as early as dawn, to get deals. About 131 million

By Nathaniel Meyersohn, CNN New York (CNN) — Many retailers and industry lobbying groups say shoplifting is at crisis-level proportions and that it’s even forcing some stores to close. But Best Buy says it has shoplifting under control. The electronics retailer with nearly 1,000 stores says it is preventing shoplifting through higher staffing levels in

By Olesya Dmitracova, CNN London (CNN) — It has taken nearly a month, but workers striking against Tesla in Sweden have finally drawn a response from the company’s famously anti-union boss. “This is insane,” CEO Elon Musk said Thursday on X, the platform formerly known as Twitter that he owns. Musk was responding to news

By Wayne Chang and Michelle Toh, CNN Taipei/Hong Kong (CNN) — Terry Gou, the billionaire founder of major Apple supplier Foxconn, withdrew from the race to become Taiwan’s next president on Friday, just hours before the deadline to formally register as a candidate. “I have never yielded in the battlefield of international business,” Gou said in

By Olesya Dmitracova, CNN London (CNN) — Oil and gas producers must confront a “pivotal” choice: continue to accelerate the climate crisis or become part of the solution, the International Energy Agency said in a report Thursday. The industry currently accounts for only 1% of global investment in clean energy, and continues to pump out

By Peter Valdes-Dapena, CNN (CNN) — Electric cars are supposed to be the future, but they still have issues that are keeping away many car buyers. The range is too short. The batteries are too heavy and expensive. They take too long to charge. But a number of companies say they have the technology to

By Diksha Madhok and Juliana Liu, CNN New Delhi/Hong Kong (CNN) — A major wealth management company in China has told investors it can’t pay all its bills, reigniting fears that the country’s long-running real estate slump may be spilling over into the $3 trillion shadow banking sector. Zhongzhi Enterprise Group (ZEG) wrote to investors

By Michelle Toh, CNN Hong Kong (CNN) — Jack Ma has put off plans to sell hundreds of millions of dollars worth of Alibaba shares after the Chinese tech giant’s stock plummeted last week. Two regulatory filings from last Thursday revealed that Ma had been looking to offload 10 million shares, worth nearly $871 million.

By Rhea Mogul, CNN Hong Kong (CNN) — A Kashmir journalist who was arrested under India’s sedition and anti-terror laws has returned home Thursday after being released on bail following nearly two years behind bars. Fahad Shah, founding editor of The Kashmir Walla, an independent news outlet in Indian-administered Kashmir, was accused of publishing “anti-national content”

By Brian Fung, CNN (CNN) — The leadership crisis that engulfed OpenAI for nearly a week ended almost as abruptly as it began: With a terse, cryptic announcement by the company that would have enormous ramifications for its future. In some ways, the outcome was a return to the status quo: Sam Altman would be

By Jennifer Korn, CNN (CNN) — Spotify’s new royalty system means so-called functional noises like the sound of rainfall will earn significantly less than traditional music files. In an attempt to crack down on “bad actors” using the genre to fraudulently generate revenue, Spotify announced in a blog post Tuesday it would be increasing the

By Oliver Darcy and Liam Reilly, CNN (CNN) — Some of the world’s most recognizable brands have opted to continue their advertising partnerships with X despite the surge in hate speech on the platform and owner Elon Musk’s continued peddling of misinformation and right-wing conspiracy theories, including an endorsement last week of an antisemitic post.

By Clare Duffy, CNN New York (CNN) — At least a dozen major brands have halted ad spending on X, formerly Twitter, since its latest advertiser exodus began last week over concerns about antisemitism and hate speech on Elon Musk’s social media platform. Fox Sports, Ubisoft, Axios, TechCrunch and Paris Hilton’s 11:11 Media all told

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates fell again in the most recent week, as inflation showed signs of slowing. It’s the fourth consecutive week of tumbling rates after rising for seven straight weeks. The 30-year fixed-rate mortgage fell to an average of 7.29% in the shortened week ending November 22, according to