Money

By Elisabeth Buchwald, CNN New York (CNN) — With the United Auto Workers’ historic strike officially underway, experts say the US economy is already getting bruised – but the strike’s impact isn’t likely to push the nation into a recession. “That’s because the unionized part of the industry, while still large, is not as big

CNN By Elisabeth Buchwald, CNN New York (CNN) — With the United Auto Workers’ historic strike officially underway, experts say the US economy is already getting bruised – but the strike’s impact isn’t likely to push the nation into a recession. “That’s because the unionized part of the industry, while still large, is not as

By Allison Morrow, CNN New York (CNN) — Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal. Tolstedt had agreed to plead guilty to the criminal charge of obstructing regulators’ investigation of the bank, which she left in 2016 as the

By Chris Isidore and Kayla Tausche, CNN (CNN) — UAW President Shawn Fain has become the X factor in the striking autoworkers’ pursuit of increased pay and benefits, injecting a level of chaos into negotiations that neither the automakers nor the White House predicted or quite know how to manage. That confusion is purposeful. The

By Brian Fung, CNN (CNN) — A major European tech regulator has ordered TikTok to pay a €345 million ($368 million) fine after ruling that the app failed to do enough to protect children. The Irish Data Protection Commission, which oversees TikTok’s activities in the European Union, said Friday that the company had violated the

By Bryan Mena, CNN Washington, DC (CNN) — Rising gas prices haven’t taken their toll on the American consumer just yet, amid growing optimism that inflation is easing, according to the latest consumer sentiment survey from the University of Michigan. The university’s latest consumer survey released Friday showed that Americans’ expectation of inflation rates in

CNN By Jordan Valinsky, CNN New York (CNN) — General Motors CEO Mary Barra said she’s “frustrated” with the autoworker strike that began overnight, and said that her company has a “very compelling offer” for the union. “I think we have an offer that resonates with our people,” Barra told CNN’s Vanessa Yurkevich, saying that

By Jordan Valinsky, CNN Business New York (CNN) — General Motors CEO Mary Barra said she’s “frustrated” with the autoworker strike that began overnight, and said that her company has a “very compelling offer” for the union. “I think we have an offer that resonates with our people,” Barra told CNN’s Vanessa Yurkevich, saying that

By Anna Cooban, CNN London (CNN) — Chick-fil-A is making another foray into the United Kingdom after gay rights campaigners forced the fast-food chain to close a pop-up site in the country in 2019. The company said in a press release Thursday that it would open its first store in early 2025, with another four

By Chris Liakos and Claudia Colliva, CNN Paris (CNN) — Apple plans to update iPhone12 software for users in France after the country’s regulators ordered a pause on sales of the 2020 model over radiation concerns. “We will issue a software update for users in France to accommodate the protocol used by French regulators. We

By Peter Valdes-Dapena, CNN New York (CNN) — Now that the United Auto Workers union has started a strike, the US auto market is about to be thrown into turmoil all over again. Auto sales hadn’t entirely recovered from the pandemic, but car shopping in the United States could change once more. Dealerships will stay

By Michelle Toh, CNN Hong Kong (CNN) — A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector. Sino Ocean, which says it’s one of the nation’s top 20 real estate developers, said in a stock exchange filing Friday that it would temporarily stop making payments on US dollar-denominated

CNN By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — The United Auto Workers union is on strike against General Motors, Ford and Stellantis, the first time in its history that it has struck all three of America’s unionized automakers at the same time. Workers on Friday walked out of three plants – one

CNN By Kevin Liptak, CNN (CNN) — President Joe Biden was dealt an economic and political blow Friday as the United Auto Workers went on strike after the union and major American automakers failed to reach a new contract, a development the White House worked to avoid and now places the president in a bind.

By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — The United Auto Workers union is on strike against General Motors, Ford and Stellantis, the first time in its history that it has struck all three of America’s unionized automakers at the same time. Workers on Friday walked out of three plants – one each

By Oliver Darcy, CNN (CNN) — Alarm bells are going off at ABC News. The Disney-owned newsroom was jolted on Thursday after a report suggested that the outlet could soon be expelled from the Magic Kingdom. Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” about selling ABC to Nexstar Media

By Juliana Liu, CNN Hong Kong (CNN) — Economic activity in China appeared to improve in August, with data released on Friday suggesting a downturn in growth may be stabilizing. But more bad news on real estate highlighted the challenges that still lie ahead. Industrial production — which measures output from sectors such as manufacturing

By Ramishah Maruf, CNN New York (CNN) — Bill Maher said his show is returning to air — despite the WGA writer’s strike raging on. “Real Time is coming back, unfortunately, sans writers or writing,” Maher said on Instagram Wednesday. “It has been five months, and it is time to bring people back to work.”

By Ramishah Maruf, CNN New York (CNN) — Google has reached a $93 million settlement with the state of California to resolve allegations that it was collecting consumers’ data without their consent, the state’s attorney general said in a statement Thursday. The California Department of Justice found that, after a multi-year investigation, the tech giant

By Matt Egan, CNN New York (CNN) — US oil prices climbed above $90 a barrel on Thursday for the first time in 10 months, threatening to push gasoline prices even higher and heat up inflation across the economy. High oil prices have already created an unusual situation where gasoline is getting more expensive even