Money

By Chris Isidore, Kayla Tausche and Arlette Saenz, CNN Washington DC (CNN) — President Joe Biden is prepared to block Japan’s Nippon Steel’s proposed acquisition of US Steel, two sources familiar with the matter said, a move that would deal a major blow to the $14 billion merger that has become a lightning rod in an election year

By Juliana Liu, CNN (CNN) — Brazilian President Luiz Inácio Lula da Silva says the world isn’t obliged to put up with billionaire Elon Musk’s “far-right anything goes” agenda because of his immense wealth. Lula da Silva made the remarks in an interview with CNN affiliate CNN Brasil published Monday, days after Musk’s social media site X was

By Ramishah Maruf, CNN New York (CNN) — The US Securities and Exchange Commission fined six major credit rating organizations a total of $49 million for their “significant failures” to keep electronic communications. Moody’s Investor Services and S&P Global Ratings agreed to pay the heftiest fines, a $20 million civil penalty each. Fitch Ratings agreed

By Lucy Bayly, CNN New York (CNN) — Wall Street kicked off the month of September with a bust, after a disappointing economic report dragged down the Dow by 626 points, or 1.5%, Tuesday afternoon. The latest manufacturing report from the Institute for Supply Management showed a fifth-straight month of declines, fueling concern that aggressive

By Jordan Valinsky, CNN New York (CNN) — Costco customers are now paying more for their annual memberships for the first time since 2017. The retailer announced in July that membership fees would increase by $5 to $65 a year in the US and Canada for three of its plans: “Gold Star,” “Business” and “Business

By Elisabeth Buchwald, CNN New York (CNN) — Going to college in the United States has long been considered the ticket to a higher-paying job. But the growing share of high school graduates who are enrolling in vocational schools instead of four-year programs may not be missing out on as much earnings potential as you

By Jordan Valinsky, CNN New York (CNN) — A number of viral TikTok videos had some people believing they could get “free” cash from Chase ATMs. But it was just a glitch – and those customers were actually committing fraud, according to the bank. Over the weekend, videos appeared on the app showing people depositing

By Alicia Wallace, CNN (CNN) — Global supply chains, now a couple years recovered from pandemic-era snarls, have been chugging along at a much healthier clip. But by no means has it been smooth sailing. Traffic through two critical international shipping arteries has been bogged down dramatically: The Suez Canal, due to Houthi militants’ monthslong

By Clare Duffy, CNN New York (CNN) — If a strange photo has recently stopped you in your tracks while scrolling your Facebook feed, you’re not alone. Users who once came to Facebook to connect with friends and family are increasingly complaining of random, spammy, junk content — much of it apparently generated by artificial

By Jordan Valinsky, CNN New York (CNN) — At the US Open currently underway in New York, a single cocktail will surpass $10 million in sales before the tennis grand slam event ends September 8. The drink’s sales alone could cover the combined championship prize money for both the male and female singles winner —

By Chris Lau and Juliana Liu, CNN Hong Kong (CNN) — Hong Kong’s flag carrier Cathay Pacific has canceled dozens of flights as it conducts an inspection of its entire Airbus A350 fleet after finding engine problems affecting the plane. The airline, one of the world’s largest users of the long-haul jet, said it identified

By Hanna Ziady, CNN London (CNN) — Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers. In a statement Monday, the German automaker, one of the world’s biggest car companies, said that

By Gloria Pazmino and Chris Isidore, CNN (CNN) — Baltimore hotel workers are joining a massive nationwide strike against three major hotel chains during one of the biggest travel holidays of the year. Unite Here, the union representing hotel workers, said approximately 200 hotel workers walked off the job in Baltimore at the Hilton Inner

By Jeanne Sahadi, CNN New York (CNN) — A Texas judge late last month struck down a nationwide ban on noncompete agreements that was supposed to take effect this Wednesday. Existing noncompete agreements will therefore now remain in place. And employers may still ask you to sign one as a condition of employment. That is,

By Liam Reilly, CNN New York (CNN) — Disney on Sunday pulled its ABC stations, ESPN and other cable networks from DirecTV’s lineup as the two companies failed to reach a new distribution deal, leaving millions of sports fans in the dark as the college football and NFL seasons get underway. The expiration of an

Chris Isidore New York (CNN) — More than 10,000 hotel workers at 24 hotels stretching from Boston to the West Coast to Hawaii went on strike early Sunday morning, disrupting travel during a busy Labor Day weekend. The hotels are reportedly still open but guests will deal with a skeleton staff unable to provide full

By Chris Isidore, CNN New York (CNN) — Boeing has experienced all manner of bad news in the last six years, and almost nothing but problems. Later this month it could add a strike by 32,000 workers to its list of woes. The contract between Boeing and the International Association of Machinists is due to

By Ramishah Maruf, CNN New York (CNN) — Labor Day is on Monday, September 2. The holiday marks the unofficial end of summer 2024. As students begin to head back to school, many Americans enjoy one last long weekend to host a summer barbecue or make a beach trip. The first Monday in September commemorates the

By Samra Zulfaqar, Nodoka Katsura and Rinka Tonsho, CNN Tokyo (CNN) — Yuki Watanabe used to spend 12 hours every day toiling away in the office. And that’s considered a short day. A typical 9-to-9 workday is the bare minimum. “The latest I would leave [the office] would be 11 p.m.,” said the 24-year-old, who