Money

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Time is running out to avoid a work stoppage at ports along the entire East and Gulf Coasts in what could become the most disruptive strike to the US economy in decades. Members of the International Longshoremen’s Association are set to go on strike

By Samantha Delouya, CNN (CNN) — Just 2.5% of homes in the US changed hands this year in the first eight months, the lowest turnover rate in at least 30 years, according an analysis by Redfin. The latest data from the real estate brokerage underscores just how much the housing market has stalled in 2024

By Brian Stelter, CNN New York (CNN) — Amazon attracts millions of live viewers for Thursday Night Football games. The company also carries A-list concert performances and a seemingly endless number of shopping live-streams. Up next: One special night of news coverage. The former NBC News and MSNBC anchor Brian Williams is nearing a surprise deal to lead election

Story by Reuters (Reuters) — California Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation. Newsom said he had asked leading experts on Generative AI to help California “develop workable guardrails” that focus “on developing an empirical,

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — If longshore workers at East and Gulf Coast ports go on strike Tuesday, as now appears likely, it could choke off the supplies of many popular products that flow over those docks. But not necessarily right away. Businesses have been nervously watching the 12:01

By Nathaniel Meyersohn and Chris Isidore, CNN New York and Chicago (CNN) — Chicago, America’s third-biggest city, is on the verge of losing its only intercity bus terminal, jeopardizing access for many low-income, elderly and minority travelers with few other transportation options. It’s part of a nationwide trend. Greyhound’s lease for its terminal in Chicago

By Robert Ilich, CNN New York (CNN) — Mark Zuckerberg’s wallet keeps getting fatter. The Meta CEO is now the second-richest person in the world, overtaking Jeff Bezos and Bernard Arnault. With a personal fortune of $206 billion, according to recent figures from Bloomberg’s Billionaire Index, he now only trails Elon Musk. Recent figures from

By Ramishah Maruf, CNN New York (CNN) — When Jordan Myrick first moved to California in high school and heard about dirty sodas, she wasn’t the biggest fan. “It was a weird thing,” Myrick said. But in 2023, Myrick, who said she is “very passionate about soda,” visited Utah on a “The Real Housewives of

By Allison Morrow, CNN New York (CNN) — What do you get when you combine lower interest rates and a viral baby pygmy hippo? Moo Deng crypto. Given the sudden popularity of Moo Deng, the Thai national treasure whose name roughly translates as “bouncy pork,” it was only a matter of time before someone turned

By Ramishah Maruf, CNN New York (CNN) — Uber is cashing in on spooky season. The ridehailing company will now deliver costumes, makeup, and even decorations from Spirit Halloween, the largest Halloween retailer in North America, Uber announced in a press release Friday. Big-box retailers are getting into Halloween earlier and earlier, suggesting American consumers

By Krystal Hur, CNN New York (CNN) — The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve. Last week, the S&P 500 and Dow surged to new highs after the Fed

By Jordan Valinsky, CNN New York (CNN) — WeightWatchers CEO Sima Sistani, who pushed the company into embracing weight-loss drugs, is leaving the position after a two-and-a-half year stint. Under Sistani, the 61-year-old company bought a telehealth platform that connected patients with doctors who can prescribe weight-loss and diabetes drugs, including Ozempic and Wegovy, representing

By Elisabeth Buchwald, CNN New York (CNN) — Americans and Federal Reserve officials have news to celebrate: Inflation cooled significantly last month, likely giving central bankers more confidence to continue cutting interest rates. The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the

By Juliana Liu, CNN Hong Kong (CNN) — The billionaire owner of French luxury powerhouse LVMH has seen his wealth inflate by $17 billion dollars in just one day, after China announced fresh moves to restore economic growth that some call the long-awaited “bazookas” needed to revive confidence. Bernard Arnault isn’t the only winner. China and

By Matt Egan, CNN (CNN) — A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. United Atlantic Ventures, managed by Trump Media

By Pete Muntean, CNN (CNN) — The National Transportation Safety Board is issuing “urgent safety recommendations” for some Boeing 737s—including the embattled 737 MAX line— warning that critical flight controls could jam. The independent investigative agency is issuing the warning that an actuator attached to the rudder on some 737 NG and 737 MAX airplanes

By Marshall Cohen, CNN The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major defamation lawsuit Thursday in a last-minute agreement, averting a high-stakes trial over the airing of false 2020 election claims. The terms of the settlement were not immediately known. The deal comes hours after jury selection got underway in a Wilmington, Delaware, courtroom ahead of opening statements

By Jordan Valinsky and Brian Stelter, CNN New York (CNN) — Hoda Kotb, the co-host of NBC’s morning show, “Today,” is leaving her position early next year, she announced Thursday. Kotb, one of the most famous faces on NBC, has co-hosted the program with Savannah Guthrie since 2017, taking over from Matt Lauer, who was

By Chris Isidore, CNN New York (CNN) — Southwest Airlines’ substantial changes to its business and boarding process are coming – but not for a while. Open seating isn’t going away for more than a year. The airline said on Thursday that its passengers will be able to book a reserved seat in late 2025

By Jordan Valinsky, CNN New York (CNN) — Three things seem certain to happen in life: death, taxes and the prices of stamps going up. The United States Postal Service announced that First-Class postage, currently at 73 cents, will go up five times through 2027, according to a detailed document submitted this week to the Postal Regulatory