Money

By Hanna Ziady, CNN London (CNN) — UK Prime Minister Rishi Sunak has taken the axe to Britain’s biggest current infrastructure project, ignoring warnings from business leaders that a U-turn would damage investor confidence in the country. Sunak announced plans Wednesday to curtail High Speed Rail 2, known as HS2, the government’s flagship transport project

By Holly Yan, CNN (CNN) — Your dream of buying 400 private jets or some Lamborghini Veneno Roadsters for you and 143 of your closest friends could become reality after Wednesday night’s Powerball drawing. The winning numbers are 9, 35, 54, 63, 64 and Powerball 1. The grand prize is worth an estimated $1.2 billion

By Jennifer Korn, CNN New York (CNN) — Uber is looking to help with a much-dreaded chore: returning packages. The rideshare giant unveiled a new product update Wednesday that takes some of the pain points out of the return process, allowing users to request an Uber to specifically drop off their e-commerce packages at a

By Catherine Thorbecke, CNN New York (CNN) — Today was the day for the US government’s big emergency alert drill, which sent a test message to every TV, radio and cell phone in the nation. Starting at approximately 2:20 pm ET on Wednesday, the federal government began conducting a nationwide test of its Emergency Alert

By Samantha Delouya, CNN (CNN) — On Wednesday, more than 75,000 unionized employees of Kaiser Permanente, one of the nation’s largest not-for-profit health providers, walked off the job, marking the largest health care worker strike in US history. The striking employees, who work across California, Colorado, Washington, Virginia, Oregon and Washington, DC, are represented by

By Juliana Liu and Wayne Chang, CNN Hong Kong (CNN) — Capvision, an international advisory firm whose offices in China were raided by officials, says it has successfully completed a national security inspection overseen by the Chinese government. Chinese media reported in May that state security authorities had raided multiple offices of the company, a

By Rhea Mogul, CNN (CNN) — Police in New Delhi have raided the homes of prominent journalists linked to a left-leaning news organization known for its scrutiny of the Indian government, in a move media groups called an attack on press freedoms. Forty-six people were questioned, and digital devices and documents had been seized for

By Jonathan Park, CNN (CNN) — Seven Starbucks locations across San Francisco will shut down effective October 22, the company told CNN on Tuesday. When asked why the company decided to close these stores, a Starbucks spokesperson said it was part of a larger evaluation of their store portfolio. “Each year as a standard course

By Devan Cole, CNN Washington (CNN) — A federal appeals court has expanded the scope of a ruling that limits the Biden administration’s communications with social media companies, saying it now also applies to a top US cybersecurity agency. The ruling last month from the conservative 5th Circuit US Court of Appeals severely limits the

KGO By Andy Rose, Veronica Miracle and Jeffrey Kopp, CNN (CNN) — A pedestrian in downtown San Francisco was found critically injured and trapped underneath a driverless car Monday night. But it was not the first car to strike the victim. The driverless vehicle was operated by Cruise, a San Francisco-based self-driving car company and

By Elisabeth Buchwald, CNN New York (CNN) — On Tuesday, the Supreme Court began hearing oral arguments in a case that will determine the fate of the Consumer Financial Protection Bureau. The case was brought on by the Community Financial Services Association of America, a trade group representing payday lenders. The group scored a victory

By Samantha Murphy Kelly, CNN Business (CNN) — Instagram and Facebook users in the European Union may soon be able to opt out of targeted ads if they pay for a monthly subscription. A source familiar with the matter told CNN that Meta is evaluating a range of options to comply with multiple European regulations

By Chris Isidore, CNN New York (CNN) — US new car sales soared in the third quarter, despite the combination of a strike at General Motors, Ford and Stellantis, high prices and rising interest rates. GM reported a 21% jump in sales in the quarter, compared to a year earlier. Part of the reason is

By Matt Egan, CNN New York (CNN Business) — A New York judge ruled last week that former President Donald Trump inflated the value of his Mar-a-Lago estate by an eye-popping 2,300%. That finding, part of shocking ruling that found Trump and his adult sons liable for fraud, was just one of multiple examples in

By Jordan Valinsky, CNN Business New York (CNN) — Taylor Swift’s concert film hasn’t even been released yet and it’s already toppling box-office records. Cinemark, a theater chain with about 500 locations, said that ticket sales for “Taylor Swift: The Eras Tour” are “setting domestic presale records” with demand “10 times higher” than any other

By Jeanne Sahadi, CNN New York (CNN) — After no ticket matched all numbers drawn in Monday night’s Powerball lottery, anyone feeling lucky has another chance to win the jackpot, which now stands at a whopping $1.2 billion, at the Wednesday drawing. To be sure, here’s nothing wrong with fantasizing about winning the grand prize,

By Krystal Hur and Nicole Goodkind, CNN New York (CNN) — Stocks fell sharply Tuesday afternoon, as US Treasury yields surged to their highest levels in over a decade, worrying investors that higher borrowing rates could further stall the housing market. The Dow fell 430 points, or 1.3%, notching its lowest close since June and

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — General Motors and Ford are laying off almost 900 additional workers between them, blaming the expansion of the strike announced by the United Auto Workers union at those companies on Friday. General Motors said it was laying off 164 workers at stamping plants in

By Clare Duffy, CNN New York (CNN) — WeWork’s stock plunged more than 20% on Tuesday morning after the company said a day earlier that it would not make two sets of interest payments totaling more than $95 million. The move comes two months after WeWork said it had “substantial doubt” about its ability to

By Alicia Wallace, CNN Minneapolis (CNN) — The number of job openings at US employers unexpectedly jumped in August, a testament to the continued resilience of the labor market, according to new data released Tuesday by the Bureau of Labor Statistics. There were an estimated 9.61 million open jobs in August, according to seasonally adjusted