Money

By Ramishah Maruf, CNN New York (CNN) — Disney Parks are the latest business to face slowing consumer demand in the face of higher prices. Disney’s parks business underperformed expectations and profit fell somewhat last quarter. Although the company said attendance remained steady and people were spending more, it also acknowledged a slumping economy was

By Krystal Hur, CNN New York (CNN) — US stocks wavered Wednesday, giving back earlier gains as investors tried to recover from the week’s bruising losses. The Dow fell 234 points, or 0.6%, after gaining more than 400 points earlier in the day. The S&P 500 declined 0.8% and the Nasdaq Composite lost 1.1%. CNN’s

By Oliver Darcy, CNN New York (CNN) — The Republican Party’s media allies are yet again struggling to coalesce around a single attack on the Democratic ticket. In the hours since Kamala Harris tapped Tim Walz as her running mate, top figures in right-wing media have thrown everything but the kitchen sink at the Minnesota

By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Seven months of investigations. Nearly 10 hours of hearings. And yet neither Boeing nor the National Transportation Safety Board know how a 737 Max was delivered to Alaska Airlines without the four bolts needed to keep a door plug in place. What is known: Boeing’s

By Jeanne Sahadi, CNN New York (CNN) — For individual investors, the quick-turn global rout in stocks on Monday was unsettling, despite news Tuesday that stocks staged a rally. Also unwelcome: Expectations that volatility will continue for the foreseeable future. Investment strategists at retirement investment advisory firm TIAA expect it to last at least through

By Tami Luhby, CNN (CNN) — Like many manufacturers, DS Smith sorely needed more workers in 2022. The multinational packing company’s corrugated box plant in Lebanon, Indiana, tried billboards, yard signs, jobs fairs and flyers at churches and fast-food restaurants but found it still took an average of three months to fill roles. That meant

By Chris Isidore, CNN New York (CNN) — American drivers are still in love with big, gas-burning trucks and SUVs, and automakers are as eager ever to build them – even as US electric vehicle sales continue to climb. Although traditional automakers have pledged to invest tens of billions of dollars to transition to EVs

By Juliana Liu, CNN Hong Kong (CNN) — Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The benchmark Nikkei 225 closed 1.2% higher, bouncing back from losses of 2.5% earlier in the session, following fresh

By Peter Valdes-Dapena, CNN (CNN) — More than a year after Hyundai and Kia released new anti-theft software updates, thefts of vehicles with the new software are falling — even as thefts overall remain astoundingly high, according to a new analysis of insurance claim data. The automakers released the updates starting last February, after a tenfold

By Clare Duffy and Ramishah Maruf, CNN New York (CNN) — Elon Musk’s X has accused a group of major advertisers of antitrust violations in a new lawsuit claiming the group conspired to “boycott” advertising on the platform. The lawsuit claims an influential ad industry group organized “to collectively withhold billions of dollars in advertising

By Ramishah Maruf, CNN New York (CNN) — Microsoft on Tuesday blamed Delta Air Lines for its weeklong bout of cancelations last month, claiming its aging technology caused the airline to recover far slower from the global tech outage than its rivals. Microsoft also claimed Delta turned down help after the CrowdStrike bug led to

By Samantha Delouya, CNN (CNN) — Disney’s streaming services are about to get more expensive. On Tuesday, the media company announced price hikes across the board for Disney+, Hulu, and ESPN+. It comes in a deeply uncertain environment for media companies, which face rapidly changing consumer behavior, rising costs of doing business, a revitalized labor

By Liam Reilly, CNN New York (CNN) — Charles Barkley isn’t ready to retire just yet. TNT Sports and the NBA hall of famer announced Tuesday that they had reaffirmed a long-term commitment as the network’s parent company, Warner Bros. Discovery, battles to retain its NBA broadcast rights. While Barkley, co-host of TNT’s “Inside the

CNN, ELIZABETH, NTSB, SENATE HOMELAND SECURITY CMTE By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Workers on the Boeing 737 Max that lost a door plug on a January flight told federal safety investigators that they felt pressure to do their jobs too fast to avoid mistakes, according to testimony released Tuesday at

By Clare Duffy, CNN New York (CNN) — It’s only Tuesday, but it’s already been a rough week for the tech world. A tech sell-off on Monday, spurred by disappointing earnings, helped to drag down wider markets. The “Magnificent Seven” tech stocks ultimately lost $615.6 billion in value on Monday, according to data from S&P

By Ramishah Maruf, CNN New York (CNN) — Fast food giant Yum Brands is going all in on value — but only Taco Bell is performing well enough to immediately bring back inflation-weary customers. Temporary store closings in the Middle East, Malaysia and Indonesia due to the Israel-Hamas war, “in addition to a more cost-conscious

By Ramishah Maruf, CNN New York (CNN) — “White Dudes for Harris” said its X account was labeled as spam just a week after it had been locked and then reinstated on the Elon Musk-owned platform. Musk has publicly endorsed Harris’ opponent, Donald Trump. A leader of the political organizing group for Kamala Harris claims there

By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Workers on the Boeing 737 Max that lost a door plug on a January flight told federal safety investigators that they felt pressure to do their jobs too fast to avoid mistakes, according to testimony released Tuesday at the start of a two-day investigative hearing.

By Laura He, Juliana Liu and Anna Cooban, CNN Hong Kong/London (CNN) — Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a patchy recovery on global markets. The benchmark Nikkei 225 index finished 10% higher and the broader Topix closed around 9% up. Elsewhere in Asia,

By Brian Fung and Clare Duffy, CNN New York (CNN) — Google has violated US antitrust law with its search business, a federal judge ruled Monday, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online and to upend decades of dominance. “After having carefully