Money

By Jordan Valinsky, CNN New York (CNN) — Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending. In a statement Monday, the Ohio-based company said it filed for Chapter 11 bankruptcy protection and has secured $132 million in fresh funding that helps reduce

By Pete Muntean and Chris Isidore, CNN Washington DC (CNN) — United Airlines is trying to reassure passengers after a series of incidents on its Boeing jets this year, sending out a statement to customers that safety is “at the center of everything that we do.” “While they are all unrelated, I want you to

By Hanna Ziady, CNN London (CNN) — Uber will pay more than 8,000 taxi and hire car drivers in Australia almost 272 million Australian dollars ($179 million) in compensation for losses they suffered after the ride-sharing giant entered the country in 2012, lawyers representing the drivers said Monday. The settlement is the fifth-largest in Australia’s

By Laura He, CNN Hong Kong (CNN) — China’s key real estate sector hasn’t shown much improvement following a flurry of government measures taken to boost the industry, even as other parts of the economy seem to be stabilizing. New property sales reached a total of 1.06 trillion yuan ($147 billion) in the first two

By Gregory Wallace, CNN (CNN) — Running to the tail of Boeing’s 787 Dreamliner is an umbilical cord carrying a rapid play-by-play of virtually every flight feature. The data, which totals more than a thousand parameters, is swiftly saved electronically into the flight data recorder (FDR), one of the so-called black boxes that aviation safety

By Peter Valdes-Dapena, CNN (CNN) — When Volkswagen decided to relaunch the Scout SUV brand it took a very unusual step. It created a new subsidiary company to design, build and sell vehicles targeted, almost entirely, at a single market: the United States. Its status as a subsidiary of Volkswagen Group, similar to Audi and

By Eva Rothenberg, CNN New York (CNN) — Social media has always peddled a fantasy, from lavish vacations to perfectly plated entrees to airbrushed selfies. But some entrepreneurs are using social media to sell a more literal fairytale, promising a night of wish fulfillment for anyone who ever dreamed of living in another world. Over

By Jordan Valinsky, CNN New York (CNN) — On St. Patrick’s Day, throwing back an Irish whiskey might taste different than it used to. Flavored whiskey from American and Canadian companies isn’t novel — Southern Comfort, Fireball, Crown Royal apple and Knobb Creek maple have been liquor store staples for decades — but it’s now

By Chris Isidore and Matt Stiles, CNN (CNN) — Boeing once had a reputation for unmatched safety and quality, an economic giant and a shining example of American industrial prowess. No longer. Since late 2018, a series of setbacks has besieged the company, including two fatal crashes that grounded its best-selling jet and an incident

By Samantha Delouya, CNN (CNN) — Multi-tiered cakes, elaborate floral displays and choreographed first dances: The traditional white wedding has been long considered a hallmark of American life. The obsession with lavish weddings grew to a fever pitch in the years following the start of the Covid-19 pandemic. At the same time, inflation soared —

By Nathaniel Meyersohn, CNN New York (CNN) — Going to see the doctor soon? Prepare to be hounded with appointment reminders by phone. By text. By robocall. By email. And in your online “patient portal.” Doctors and dentist offices for years left a courtesy voicemail on patients’ home answering machines giving them a heads-up about

By Eva Rothenberg, CNN New York (CNN) — Some of the United Kingdom’s largest supermarket chains are grappling with technical issues that have left customers without grocery deliveries and unable to make contactless payments. Sainsbury’s, which owns 600 grocery stores and 800 convenience locations across the country, said on Saturday that “an error with an

By Elisabeth Buchwald, CNN New York (CNN) — The entire US housing market is about to get remodeled, and the end product could come with a big perk: cheaper home prices. That’s due to a $418 million settlement the National Association of Realtors announced Friday with groups of homesellers. The settlement, which is still subject

By Krystal Hur, CNN New York (CNN) — The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization, has opened with sonic fanfare for more than 150 years. The sound, so iconic

By Catherine Thorbecke, CNN New York (CNN) — When lawmakers grilled TikTok CEO Shou Chew during a lengthy hearing last March, Rep. Darren Soto argued what has now become the crux of a bill that overwhelmingly passed in the House this week. “TikTok needs to be an American company with American values,” Soto, a Democrat

By Andy Rose, CNN (CNN) — The Mega Millions jackpot climbed to an estimated $875 million after there was no grand prize winner Friday night. The winning numbers for Friday night’s drawing were 13, 25, 50, 51 and 66, with a Mega Ball of 6. It was the 28th consecutive Mega Millions drawing with no ticket matching all

By Joshua Berlinger, CNN Paris (CNN) — Hugo Travers may not think of himself as a journalist, but he could be the most popular one in France. Travers, 26, is the founder and face of HugoDecrypte, a French media start-up that delivers news aimed primarily at young audiences. What began eight years ago as a

By Brian Fung, CNN Washington (CNN) — The Federal Trade Commission is looking into Reddit’s plans to license its platform content to artificial intelligence companies, the social media company disclosed Friday in a securities filing. The disclosure emerged ahead of the company’s long-anticipated initial public offering, which comes nearly 20 years after its launch and

By Anna Bahney, CNN Washington, DC (CNN) — A settlement announced by the National Association of Realtors on Friday, which ended its litigation with some homesellers, could fundamentally change how Americans buy and sell their homes. The agreement will effectively destroy the rules that many critics say help drive home prices higher. The new rules

By Ramishah Maruf, CNN New York (CNN) — Best Buy has recalled more than 250,000 Insignia air fryers sold in the United States and Canada, because of fire, burn and laceration hazards. The handles of the air fryer can overheat and melt or break, which can pose fire and burn risks, the US Consumer Product